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  • #3,501
  • Nov 18, 2017 12:37pm Nov 18, 2017 12:37pm
Quoting Husky77
this have a place in this thread i am sure https://www.forexfactory.com/showthread.php?t=666438
Nice of you to pick up on that.

Cheers mate.
  • #3,502
  • Nov 19, 2017 12:09pm Nov 19, 2017 12:09pm
Quoting kenshin
{quote} I figure that if I can shave even 1/10th of a pip off the open/close, then it ends up being more money for me and less for the broker. At least that's what my tests have shown. The price that I open/close often has allowance for up to a few pips variation, so my ea can afford to wait a few seconds for a better spread if possible. In the grand scheme of things it doesn't make a huge improvement, but I have found that small things like this add up. If I can improve performance even slightly, without increasing risk or drawdown then I'll program...

You can shave 1/10th of a pip off the open and close by being with a top notch broker and being connected with a low a latency as you can afford. Spending time on trying to shave 1/10th is an exercise in curve fitting unless you have a crystal ball to account for slippage. My EAs assume 2 pips of slippage per trade, I prefer prudence and robustness over a overfitted set of parameters and a pip here or there shouldn't factor into the model building process assuming you're trading a portfolio of systems and aren't trading via a buck-shop..
  • #3,503
  • Nov 19, 2017 1:53pm Nov 19, 2017 1:53pm
Quoting mbrown
{quote} You can shave 1/10th of a pip off the open and close by being with a top notch broker and being connected with a low a latency as you can afford. Spending time on trying to shave 1/10th is an exercise in curve fitting unless you have a crystal ball to account for slippage. My EAs assume 2 pips of slippage per trade, I prefer prudence and robustness over a overfitted set of parameters and a pip here or there shouldn't factor into the model building process assuming you're trading a portfolio of systems and aren't trading via a buck-shop.....
Thanks, but I wasn't after any lessons on how to trade. I thought you would have been prudent enough to know that.
Quoting fxtyrant
{quote} Besides Kenshin has my respect, being able to show his good results trumps people who talk like a pro but nothing to show for in here....
This is one of the primary reasons why I don't post much on this forum.
  • #3,504
  • Nov 19, 2017 2:38pm Nov 19, 2017 2:38pm
Quoting kenshin
{quote} Thanks, but I wasn't after any lessons on how to trade. I thought you would have been prudent enough to know that. {quote} This is one of the primary reasons why I don't post much on this forum.
I apologise if I offended you. I was trying to help.
  • #3,505
  • Nov 19, 2017 6:14pm Nov 19, 2017 6:14pm
Quoting mbrown
{quote} I apologise if I offended you. I was trying to help.
No. It's me who needs to apologise. Mine was an arsehole post, and I'm truly sorry about that.

What I originally did was set up two demo accounts on the same vps with the same broker running my ea. The first one had just a single condition for open/close:

1) The spread needs to be at or below 2 pips.

The second one had three conditions to meet:

1) The spread needs to be at or below 2 pips.
2) The spread needs to be at or below the average spread over the last 60 seconds.
3) The spread needs to be at or below the idle spread for at least 10 seconds. The idle spread is dynamically set as 25% larger than the average spread.

The second account almost always gained slightly more profit, and this stabilized to a little over 2% more profit after around six months without any significant alteration to the open/close prices.

I monitor slippage too by recording the bid/ask before and after a trade operation, but find that 95% of the time there is no slippage at all. I also found that the second account did not get hit with big slippage as often as the first account. I think this is because the idle spread condition is helping to stop trading immediately after the news when the spread has come down below the average, but hasn't completely settled.

I'm not saying this would work with all ea's. I also haven't tested different settings for the 60 second average, the 10 second idle, or the 25% larger idle. They just seemed like sensible settings to use.

Once again, I sincerely apologize for my bad attitude earlier.
  • #3,506
  • Edited 8:32am Nov 20, 2017 2:20am | Edited 8:32am
Quoting kenshin
{quote} No. It's me who needs to apologise. Mine was an arsehole post, and I'm truly sorry about that. What I originally did was set up two demo accounts on the same vps with the same broker running my ea. The first one had just a single condition for open/close: 1) The spread needs to be at or below 2 pips. The second one had three conditions to meet: 1) The spread needs to be at or below 2 pips. 2) The spread needs to be at or below the average spread over the last 60 seconds. 3) The spread needs to be at or below the idle spread for at least...
No problem Kenshin,

I have two recommendations for you which allowed me to minimise these issues. I am not saying they will work for you but they might:

1. I rarely post trades to my live account without a bridge. The bridge will check the current spread, slippage, that the stop-loss has been set correctly and all other manner of housekeeping. Naturally, I miss a very small percentage of trades (which I modelled to ensure performance didn't suffer), this allowed me to protect myself against bad prices.

2. I use VPSs as well. The lower cost VPS aren't collocated so suffer a latency penalty. What I do is have my normal low cost VPS in the cloud but I also have MT4 (no experts etc) running on a computer at home which I have connected to the free copy of HotSpot Shield, depending on the browse location set in Hotshield you may find a great decrease in your latency. I went from 130ms to 0.9ms however, I enter trades with stops and limits so don't know if you'll benefit if you trade with market orders.

I hope this helps.
  • #3,507
  • Nov 20, 2017 2:20pm Nov 20, 2017 2:20pm
Quoting MoneyFocus
{quote} Nice of you to pick up on that. Cheers mate.
new possible candidate https://www.forexfactory.com/showthr...9#post10512679
watch out ! wonder why this guy is not commercial yet as he already have commercial agenda.
save you account in case you are a newbie and think to give access to any stranger,will be your first mistake and last one.
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Take what you can, give nothing back
  • #3,508
  • Nov 20, 2017 2:26pm Nov 20, 2017 2:26pm
Quoting Husky77
{quote} new possible candidate https://www.forexfactory.com/showthr...9#post10512679 watch out ! wonder why this guy is not commercial yet as he already have commercial agenda. save you account in case you are a newbie and think to give access to any stranger,will be your first mistake and last one. {image}
His PAMM account is... DEMO
Try don't lose pants never...
  • #3,509
  • Nov 23, 2017 2:27am Nov 23, 2017 2:27am
Hi all. Well , after a bit of deserved holidays,here I am.
The scammers situation seems to me calm , if I don't speak too soon...
  • #3,510
  • Nov 23, 2017 9:17am Nov 23, 2017 9:17am
Quoting Husky77
this have a place in this thread i am sure https://www.forexfactory.com/showthread.php?t=666438
Right Husky , this scammer absolutely deserves a place in this thread.
Naveed Iqba here on FF is known as Analist786 , https://www.forexfactory.com/analyst786


This is the Analist/Naveed Iqba's review by a FF member :

"He is a bit dodgy from the very first time I contacted him (16 july 2017). He is very inconsistent with his explanation in regards to his trading system.
In his thread, his system is selling for 250 USD. And when I engaged him, he said that the actual price is USD 5000. The 250 USD is the price for his monthly signal. However he is willing to sell at a price that I am able to pay for. Obviously I chose 250 cause I already set aside that amount for the 'system'.
After telling him that I will only pay him after payday, he stated that the offer is only available that day. If another buyer comes, he will disappear because he is not a 'professional' seller.
So after I transferred, he encountered a problem that his skrill is blocked. So until it is resolved, he agreed to give me his signal.
The signal was only given on Tuesday because I wasn't online on Monday. -_- I was online the whole time. In order to receive his signal I must be glued to my phone when he gave them. This contradicts the statement he put on his thread where there is a predetermined level to trade from. The latest screenshot he shared on his thread was my conversation with him. This was done without my consent. With that said, I profited from his signal, perhaps due to luck.
On Wednesday there is no signal because his MT4 froze ... I mean really? No signal because your MT4 froze? Then after he unfroze, there is no good signal. This contradicts his claim that there will be pips to be made everyday.
However there is a catch, he asked me so many personal question in which I answered in earnest cause I thought he was the real deal. His questions is below:
- 1st what is your job ?
- how much your salary in dollar ?
- how much family u belong ? poor ? middle class ? or higher class ?
- rich or /poor ?
- how much is your account ?/balance /equity ?
- u will give me oath that u will not deliver the strategy to any one . even not to your family member
- what is your porpose to buy this strategy ?
etc...

On the other hand , a " trader" that titled his thread " 30 pips daily GRANTEE profit 100% " ...we have already understood everything.
  • #3,511
  • Nov 24, 2017 2:13am Nov 24, 2017 2:13am
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Finally Sharpshoot has been stopped.
This scammer opened 11 (!) threads , all equal , about scam-broker InstaForex.

About this broker , here are the alerts of 2 national Financial Authorities : AMF ( Autoritè des Marchès Financiers ) , France and OSC ( Ontario
Securities Commission ) , Canada :
https://www.forexfactory.com/attachm...5&d=1507897324
https://www.forexfactory.com/attachm...9&d=1507897272

Sharpshoot is a Instaforex's slave . He tries to cheat the FF members with " No Deposit Bonus " scam. In fact , these are the InstaForex's rules:
" Principles of No Deposit Bonus program :
- The bonus funds are not available for withdrawal.
- The Client agrees that in some cases the Company can ask him/her to replenish his/her account with real funds."

Have you understood ?
1) The bonus money are not available for withdrawal.
2) InstaForex gives you VIRTUAL money , BUT then it ask to replenish your account with REAL money !
Pure scam.
  • #3,512
  • Nov 24, 2017 2:21am Nov 24, 2017 2:21am
Quoting Husky77
{quote} new possible candidate https://www.forexfactory.com/showthr...9#post10512679 watch out ! wonder why this guy is not commercial yet as he already have commercial agenda. save you account in case you are a newbie and think to give access to any stranger,will be your first mistake and last one. {image}
and mister ''big account size management'' finally got into commercial after my reports.he edited his first post of course,this guys looks like they change their first statement in accord with the wind direction
Take what you can, give nothing back
  • #3,513
  • Nov 24, 2017 3:44am Nov 24, 2017 3:44am
Quoting Husky77
{quote} and mister ''big account size management'' finally got into commercial after my reports.he edited his first post of course,this guys looks like they change their first statement in accord with the wind direction
Yes , he has changed his #1 post on Nov 23, 12:26am . You are the terror for these guys...
  • #3,514
  • Nov 24, 2017 9:06am Nov 24, 2017 9:06am
Quoting redoktober
{quote} Yes , he has changed his #1 post on Nov 23, 12:26am . You are the terror for these guys...
well i'm not that bad at all as i really dont have time to watch all those guys moves around on how they want to play with other peoples money.i just take a look when i can out of my trading schedule.but imagine this guy play with demo money and even that demo jokes he use to hide details and he offer to manage real money on other peoples accounts.what newbies dont understand most about this scheme is that if you want to make such offers to manage other traders money then you need already to be successful in this and to have a consistent background where any possible client can look in details and understand you really have the skills to play in forex market.
but you come showing a demo with hidden details and you offer to manage ''big accounts'' ? IS CRAZY.
on the other side if any guy will lose his account by taking such offers from such unskilled demo ''traders'' then i really cant say i'm sorry.some really need to get their lesson before to see clear.
Take what you can, give nothing back
  • #3,515
  • Nov 24, 2017 2:09pm Nov 24, 2017 2:09pm
Quoting redoktober
{image} Finally Sharpshoot has been stopped.
Now this Forum is even cleaner :
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  • #3,516
  • Nov 27, 2017 4:21am Nov 27, 2017 4:21am
Maybe he has a bit exaggerated with his 3 equal threads and all identical posts ...:
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  • #3,517
  • Nov 27, 2017 4:06pm Nov 27, 2017 4:06pm
Quoting redoktober
Maybe he has a bit exaggerated with his 3 equal threads and all identical posts ...: {image} {image}

Around the time this thread started up I had a private message from Samer asking for money. A trading buddy of mine also had the same request.
This thread was very new so didn't really know how to deal with Samer, although i did inform management, he then disappeared so we let the matter drop.

To see him come back and offer out a few indicators via a website that, if I'm correct, would generate some revenue, set the alarm bells ringing and validates his membership being revoked.

Personally I don't think he has set out intentionally to scam, the indicators were never sold, he was upfront about the website and the revenue gained was just a piss in the wind, but possibly life circumstances and poor judgement have got the better of him. But that's not to say there were other ulterior motives in the pipeline.

So a good judgement call on revoking him.

M.
  • #3,518
  • Nov 27, 2017 4:22pm Nov 27, 2017 4:22pm
Quoting moodybot
{quote} Around the time this thread started up I had a private message from Samer asking for money. A trading buddy of mine also had the same request. This thread was very new so didn't really know how to deal with Samer, although i did inform management, he then disappeared so we let the matter drop. To see him come back and offer out a few indicators via a website that, if I'm correct, would generate some revenue, set the alarm bells ringing and validates his membership being revoked. Personally I don't think he has set out intentionally to scam,...
samer1970 is total full of shit.
he fakes experience and know nothing. extre, big faker. i have never ssen someone debating hours about leverage working in total incorrect way and same time try to teach all others that they are wrong :-).
in general one thing helps fast: if you see someone often sending useless pictures and videos, he is 99,99% of time not worth to speak about. and he was extrem good in this. when someone has no or total wrong arguments you can see very fast at what level someone is and is he faking/cheating most what he says.
  • #3,519
  • Nov 28, 2017 10:26am Nov 28, 2017 10:26am
i´m banned on that thread due to my posts on page1. mods have him on the watch already...

https://www.forexfactory.com/showthread.php?t=699651
fortis fortuna adiuvat
  • #3,520
  • Nov 28, 2017 10:29am Nov 28, 2017 10:29am
Quoting deltaone
i´m banned on that thread due to my posts on page1. mods have him on the watch already... https://www.forexfactory.com/showthread.php?t=699651
mmmmm miam miam miam banned just for that nice posts? not good...
Take what you can, give nothing back
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