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  • #1
  • First Post: Edited Dec 30, 2017 2:58pm Dec 18, 2017 5:49am | Edited Dec 30, 2017 2:58pm
NO MORE SUBSCRIPTIONS.

CURRENT SUBSCRIPTION HOLDERS, THE FEE IS £0 PER MONTH. MORE UPDATES TO FOLLOW.


Dear subscribers,

The subscription fee is £0 per month.

I expect January's performance to fall in line with historic performance so will feel disappointed if on the last day of Jan 18 (assuming you risk 1% per trade)

  1. Equity growth is less than 50%
  2. Accuracy is less than 70%
  3. Drawdown is greater than 12%
  4. Consecutive wins are less than 29
  5. Consecutive losses are greater than 10

We'll review performance at the end of each month. High accuracy intraday EAs tend to open trades on the same day as you'd expect. Don't have a heart attack if you have gone several days with only one trade a day then suddenly have 7 at once, this should be interpreted as accuracy strength and the enterprising among you may decide to enter a manual trade to hold for several days to take advantage.

Green pips in 2018!

  • #2
  • Dec 19, 2017 3:56am Dec 19, 2017 3:56am
ALGO DREAM:

Yet another new equity high.
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  • #3
  • Dec 19, 2017 7:29am Dec 19, 2017 7:29am
you get to trade it for one month without paying; what do you have to lose? All the subscriptions will be gone if you leave it to long because no more than 125 will be offered. This will not change!
  • #4
  • Dec 19, 2017 8:16am Dec 19, 2017 8:16am
Algo Diamond-Live and Algo Dream-Live will be competing in the following challenge starting in January:

https://www.forexfactory.com/showthread.php?t=723914
  • #5
  • Dec 20, 2017 3:56am Dec 20, 2017 3:56am
Surprise surprise...Algo Dream makes yet another new equity high.
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  • #6
  • Dec 20, 2017 3:58am Dec 20, 2017 3:58am
Surprise surprise surprise...Algo Diamonds makes a new equity high. Fortunately, subscriptions are being taken up so don't leave it too long otherwise you'll be a spectator in this journey of expert level FX model deployment.
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  • #7
  • Dec 20, 2017 5:52am Dec 20, 2017 5:52am
start to sound like the run of the mill commercial marketing...did you read up on the 'competitors'?
from TE to no TE...
yes, it sure looks like to getting settled down to your new place.
there is always, always another trade!!
  • #8
  • Edited 6:38am Dec 20, 2017 6:27am | Edited 6:38am
Quoting profitfarmer
start to sound like the run of the mill commercial marketing...did you read up on the 'competitors'? from TE to no TE... yes, it sure looks like to getting settled down to your new place.
There is little point in selling a signal mirror service if I am going to show the trades as they open via a TE. That doesn't make any sense to me to be honest. However, I respect you and you are entitled to your opinion. However, if my TE (live and demo) doesn't appear everyday after no more positions are to be opened, you're welcome to call me a scammer and I will join in the chorus. I think my models are of such a quality, I do not want my subscribers to suffer freeloaders benefiting without paying the same as them. It is just logical and ethical business practice.

I would give you a thumbs up but I'm not allowed as a commercial member So many restrictions.
  • #9
  • Dec 20, 2017 7:36am Dec 20, 2017 7:36am
Quoting mbrown
{quote} There is little point in selling a signal mirror service if I am going to show the trades as they open via a TE. That doesn't make any sense to me to be honest. However, I respect you and you are entitled to your opinion. However, if my TE (live and demo) doesn't appear everyday after no more positions are to be opened, you're welcome to call me a scammer and I will join in the chorus. I think my models are of such a quality, I do not want my subscribers to suffer freeloaders benefiting without paying the same as them. It is just logical...
i scalp.
so there following from TE would be most case not workable proposal, part due the delays of few minutes TE often has.
i dont call you anything, only mentioned that a good chunk of transparency is gone.
there is not much to debate on it. it just happen to be the fact.

without the lots, stops and targets, that few min delay can wreck havoc with anyone's account wanting to copy it rogue.
personally, i think this algo of yours can have value.
the same time i am little shocked that based on 11 days demo history and 3 days live, there is ( is there?) 20 subscribers already.
me and the world start to diverge on what 'sanity and insanity' means.

non this personal to you, just some thinking aloud.
best of luck!
there is always, always another trade!!
  • #10
  • Dec 20, 2017 7:45am Dec 20, 2017 7:45am
While system expectations are clear as I saw I dont see weird get subscribers fast. I think is because he dont get subscription money if not reach a min month profit. Its a good rule for subscribers and fair from both sides
Try don't lose pants never...
  • #11
  • Edited 11:04am Dec 20, 2017 7:48am | Edited 11:04am
Quoting profitfarmer
{quote} i scalp. so there following from TE would be most case not workable proposal, part due the delays of few minutes TE often has. i dont call you anything, only mentioned that a good chunk of transparency is gone. there is not much to debate on it. it just happen to be the fact. without the lots, stops and targets, that few min delay can wreck havoc with anyone's account wanting to copy it rogue. personally, i think this algo of yours can have value. the same time i am little shocked that based on 11 days demo history and 3 days live, there...
No problem PF (you don't need to copy signals, I've already seen your TE!).

I'm also surprised by the speed of the sign-up but they're are in safe-hands because like I mentioned before if the DD goes beyond the criteria listed on the opening page the service stops immediately. I am not here to blow accounts but to grow accounts. Obviously, this is not one EA but a portfolio and EAs are rotated on a monthly basis should individual threshold criteria be breached. I am a firm believer in the EA life cycle theory thus am always looking for an EA in decline. It's actually a lot of work to be honest.

Green pips to you all.


Quoting braintheboss
While system expectations are clear as I saw I dont see weird get subscribers fast. I think is because he dont get subscription money if not reach a min month profit. Its a good rule for subscribers and fair from both sides
Yes, I think you're probably correct. At least it gives them a chance to test the signals and get comfortable before spending any real money. A free period is not a problem for me because I want a long term relationship not a get your money upfront thing then disappear. That way current subscribers may also subscribe to the other portfolios that will be released in the future.
  • #12
  • Edited 11:22am Dec 20, 2017 11:04am | Edited 11:22am
It's funny how most EURUSD threads thought there would be a EURUSD sell-off if the tax-reform bill passed but they're all quiet about it now! SMH @ amateur Economists who wouldn't know an IS from an LM.

At last! Someone who understands some of the basics of Economics:

Quoting anton.olff
...While this author may be right about corporate tax cuts facilitating additional dividends and stock buybacks...which got their real boost from 10 years of central bank policies, the net effect of tax cuts will be more money pumped into the U.S. and global economy and higher GDP. The real questions are how inflationary? as well as the effect on gold prices. Indeed, the FED is even more likely to continue raising rates and reducing it's balance sheet, and...
I tried to explain it to some traders here back in November 14 but you can't convince a man against his will even if his understanding is backwards: https://www.forexfactory.com/showthread.php?p=10492416#post10492416

"And you expect that adjustment to take place in a flash?

Also, if the money is going to be sucked out of EUROPE and ASIA and be repatriated to the USA, what you're actually saying is there is going to be sudden increase in the American money supply which is obviously inflationary and will clearly impact the inflation rate differential not to mention the clear impact on interest rate parity. The net result - at least economically - is the opposite of what you suggest - AKA the law of one price; a repatriation of US currency should (unless I've got my economics wrong) lead to a weaken dollar.

Well, we'll see who is right before the end of December which is something to look forward to."

I digress...back to Algo Diamonds. The portfolio performed okay today in a very challenging trading environment!!!
  • #13
  • Edited 2:28am Dec 21, 2017 2:14am | Edited 2:28am
Subscribers, please remember Algo Diamonds will not always have profitable days. Please respect risk management and limit the risk per trade to a maximum of 2% so you can stay in the game for the long-term with very little stress. As you can see from the results so far, the conservative 2% per trade will still generate very respectable equity growth.

Be pleased you've signed up early before the doors to this opportunity are closed due to oversubscription, it's just a matter of time. What is for sure, you're unlikely to get the chance to subscribe to an elite level forex modeller again!

Trade Explorers made visible after the Forex trading session.
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  • #14
  • Dec 21, 2017 3:30am Dec 21, 2017 3:30am
Nice however it is imperative to know the risks taken for each trade to make those pips so that we will really know whether the system is robust enough for sustainable growth. Intermittent growth with inequitable risks looks attractive to unsuspecting traders but is a big no no to any serious investor. Everything including TE must be made transparent for public scrutiny if solicited via a public forum. Anything less is bound to attract suspicion as it falls short of best industrial practice. Your best effort may be geared toward novice traders betting in speculative faith.

Cheers
GS
  • #15
  • Edited 4:08am Dec 21, 2017 3:38am | Edited 4:08am
Thank you for your post.

Quoting genghistar
Nice however it is imperative to know the risks taken for each trade to make those pips so that we will really know whether the system is robust enough for sustainable growth. Intermittent growth with inequitable risks looks attractive to unsuspecting traders but is a big no no to any serious investor. Everything including TE must be made transparent for public scrutiny if solicited via a public forum. Anything less is bound to attract suspicion as it falls short of best industrial practice. Your best effort may be geared toward novice traders betting...

See below and I'll add this is in lines with industrial best practice, that why the world has a multi-billion dollar Patent industry:

Quoting mbrown
{quote} There is little point in selling a signal mirror service if I am going to show the trades as they open via a TE. That doesn't make any sense to me to be honest. However, I respect you and you are entitled to your opinion. However, if my TE (live and demo) doesn't appear everyday after no more positions are to be opened, you're welcome to call me a scammer and I will join in the chorus. I think my models are of such a quality, I do not want my subscribers to suffer freeloaders benefiting without paying the same as them. It is just logical...
Quoting genghistar
Nice however it is imperative to know the risks taken for each trade
Are you saying I should explain the precise setups that give the system it's edge? Not going to happen because I'd be giving away my advantage. If you are referring to the SL used, it is a maximum of 15pips as stated in the opening post. EVERY trade has a stop-loss. The profit factor is 5 (no that doesn't mean 5 * 15 pips) and the return to drawdown is 30.

Quoting genghistar
Intermittent growth...
I'll address that point if this ever becomes a feature of the portfolio but if it gets close to this stage, the portfolio will be binned. I don't trade intermittent growth portfolios, I trade consistent growth, low equity stagnation portfolios as outlined in the opening post. If equity even stagnated for 20 days I'd be seriously considering binning the portfolio, 30 days stagnation it would be straight in the bin; that's how I roll.

No intraday random betting system would last even a week using such a tight stop-loss trading up to 10 trades a day. I'll also add for those seeking the holy grail: this is not one, it will have losing days; it may even have a number of consecutive losing days.
  • #16
  • Dec 21, 2017 4:13am Dec 21, 2017 4:13am
Quoting mbrown
Thank you for your post. {quote} See below and I'll add this is in lines with industrial best practice, that why the world has a multi-billion dollar Patent industry: {quote} {quote} Are you saying I should explain the precise setups that give the system it's edge? Not going to happen because I'd be giving away my advantage. If you are referring to the SL used, it is a maximum of 15pips as stated in the opening post. EVERY trade has a stop-loss. The profit factor is 5 (no that doesn't mean 5 * 15 pips) and the return to drawdown is 30. {quote} I'll...
Nice try and hope u survive long and bountiful.

GS
  • #17
  • Dec 21, 2017 4:16am Dec 21, 2017 4:16am
Quoting genghistar
{quote} Nice try and hope u survive long and bountiful. GS
Thank you and the portfolio will be here for a long-time I suspect although new strategies will be added and declining strategies removed. I've been in the game for over 17 years so I don't need to mislead traders. What I do need though is a means to offload all these high quality Portfolios I create!

When this game is your profession, hobby, love and you're actually good at it, the amount of excellent strategies created is gargantuan and they simply sit in a warehouse gathering dust. Offering them here at least allows me to ensure they see the light of day.

I also have some very experienced traders who have subscribed so I'm pleased about that.

Green pips

I'll be surprised if the EURUSD doesn't touch 1.1927 today.
  • #18
  • Edited 7:35am Dec 21, 2017 6:48am | Edited 7:35am
A challenging trading day for most including the portfolio. However, at least the Holy Grail hunters will be deterred from subscribing.

Strategy 339882 to be rotated out of Diamond, refined then deploy in portfolio Dream.

Strategy 4431225 to be rotated from Dream into Diamond.
  • #19
  • Dec 21, 2017 7:33am Dec 21, 2017 7:33am
Quoting mbrown
{quote} There is little point in selling a signal mirror service if I am going to show the trades as they open via a TE.
Critics are right about transparency and trust. You could simply use MyFxBook and the MyFxBook EA and set it to update once every 1 hour or 2 hours or so. Problem solved.
  • #20
  • Edited 8:27am Dec 21, 2017 7:58am | Edited 8:27am
Quoting mw108
{quote} Critics are right about transparency and trust. You could simply use MyFxBook and the MyFxBook EA and set it to update once every 1 hour or 2 hours or so. Problem solved.
Thank you for your post.

I am glad you think the critics are right but they were referring specifically to TE not a third party website.
The opening post has now been edited so thank you for a good suggestion:
Quoting mbrown
Trade Explorers are made visible at the end of each trading day but track a 120m delayed Dream (with hidden open and pending orders) here: https://www.fxblue.com/users/fx_factory
I will also include a link to Dream so you are able to see which strategies are rotated etc.
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