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300 pip drawdown a month- what does it mean? 2 replies
One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedHi Zenkh, How to contact you or subscribe to this MAM ? Regards, Greg.VIgnored
DislikedI just watched a trade close on Samtradefx with 7 pips difference than the price at IC Markets. I would be very suspicious, easy way is to set up an mt4 copy from Samtrade to another broker and monitor the different prices. The ‘y’ suffix on the Samtrade pairs is very suspicious especially when their normal pairs have no suffix. Like I said set up a copy service and see, the results on the copy service Broker should be better than on Samtrade as there’s hardly any spread to pay. I think this managed account might just “work” on Samtrade and nowhere...Ignored
DislikedIf a trading strategy is profitable with large spreads and performance fees then imagine how much more profitable it would be with a proper broker? So the answer is to deposit the minimum $1K with Samtradefx and get your investor password and copy the trades to a proper broker and get better spreads and zero performance fees. Why would anyone do anything else? Apart from the fact the strategy isn’t profitable with a proper broker!! I see that Samtradefx only managed to pull the wool over the Financial Conduct Authority (UK Regulator) eyes for a...Ignored
DislikedApart from the fact the strategy isn’ I see that Samtradefx only managed to pull the wool over the Financial Conduct Authority (UK Regulator) eyes for a few months and now they are no longer an appointed representative as of 25th September 2020 having made a big song and dance about it when they were granted it in July 2020. How they thought they would get away with this by giving a residential apartment address in Birmingham I don’t know!! https://register.fca.org.uk/s/search...type=Companies Come on guys we are all a bit too...Ignored
QuoteDislikedAs for copying the trades of course you don’t have to sit in front of the computer all day watching and trying to copy. I use an excellent service that runs in the cloud and copies trades in milliseconds and emails you instantly when a new trade is opened and closed etc. This is what I did, and as soon as I got the open trade email I looked at the price movement of Samtrade and other brokers, here I noticed a big discrepancy. I shall leave it running and see if the copied trades over a week/month are profitable or not, so far they do not represent...
QuoteDislikedHow they thought they would get away with this by giving a residential apartment address in Birmingham I don’t know!!
QuoteDislikedif the broker has told you that themselves then I would be very concerned as they obviously have no idea of the FCA regulation process
DislikedCheck the list in post 3233 at this page: https://forum.lowyat.net/topic/3774126/+3220Ignored
Am I saying brokers are good guys? No way. But you need to understand how they work if you want to get rid of your paranoia and avoid the obvious traps. And when I say traps, I mean taking your money legally and not in the form of Ponzi or outright stealing.
You don't need to believe me at all, but plenty of people I know (directly and indirectly) who are copying this trader have already made withdrawals of up to six figures (USD) from this broker. International withdrawals always arrive on the same day or next. Am I saying that this will last forever and that the broker and trader are doing this out of good will? Of course not. Don't be silly. This a good opportunity because it's a win-win-win situation for the broker, the trader, and the investors. If one party starts losing money, then get the hell out of there asap. Risk and reward wise, it would be silly not to take this bet. At least that's how I see it. But would I risk anything more than what I can safely earn back (from my proper full-time job) in a month or two? No way.
Anyway, I can't believe I just spent an hour on this response. Time to enjoy the last of my Saturday night. I won't be trying to convince anyone again. You do you. Let me know if you're interested, otherwise you could just walk away. Have fun.
Disliked...The stats you post are just not possible. Even if they were, this trader would not be offering copy services to you or any other person because... What's the point? If this trader can really trade like this. He/she would have the best trading system in the world and wouldn't be dealing with little small traders like us. It doesn't make sense. People... Use your heads when it comes to fake opportunities like this! Also... Why not have a professional website or company name? Red-flags everywhere. Especially considering myfxbook stats can be manipulated....Ignored
Disliked{quote} {image} Says the guy who is promoting his EA with even better stats and hasn't lost a single month in backtesting 10 years worth of data. Hypocrite much? Sure, the real results I've posted with a consistent 10% ROI monthly is a scam, and the EA you're giving out for "free" that returns 5-20% per month without losing a single month based on backtest data is totally legit and credible. And if you have to ask why good traders become copy traders, dealing with "little small traders" like us, then I'm afraid you haven't learned much in your 15...Ignored