This guy is a Mean reversion monster trader | Page 2 | Forex Factory

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This guy is a Mean reversion monster trader

  • #21
  • Jul 6, 2023 6:31am Jul 6, 2023 6:31am
Quoting OnlineAddict
{quote} I didn't even notice this thread until today. The haters are right, obviously, I have no idea about trading. As far as leverage goes...I am using roboforex for these $1 accounts and they allow to go up to 1:2000, so its possible to start with $1. But obviously, with a 2 pip spread and 1 pip left at a margin call, the trade can only go 6 pips in drawdown for the account to survive. Good for learning entries and the right timing.
No hate dude. I just called the TE as I see it. Not seeing where I said you could not trade. Hmm ...

At 1:2000 your entry needs to be very precise. I will give you that.
Mark ... Everything you have been told is a LIE
  • #22
  • Jul 6, 2023 7:15am Jul 6, 2023 7:15am
Quoting spzd
Hmm ... At 1:2000 your entry needs to be very precise. I will give you that.
First trade is a like a lottery.
Everyone can see the chart, but only a few can actually read it.
  • #23
  • Jul 6, 2023 7:27am Jul 6, 2023 7:27am
Quoting OnlineAddict
{quote} I hate when companies do this without any explanation.
I believe it's because Australia had passed new rules that leverage cannot be over 1:30. This includes having o/s accounts so I'm assuming any reputable broker is adhering to these rules for Aussies. Probably easier to just not let Australians create an account, over tailoring leveraged accounts for them.

Only my assumption, could be wrong.
  • #24
  • Jul 6, 2023 7:50am Jul 6, 2023 7:50am
I’m soon going to introduce a system in Forex Factory that is pretty much going to blow away all TEs I’ve seen in here so far. And the system won’t lose any edge by posting it here.
If you're not architecting, you're building someone else's plan.
  • #25
  • Jul 6, 2023 10:21am Jul 6, 2023 10:21am
Quoting pierre23
{quote} I believe it's because Australia had passed new rules that leverage cannot be over 1:30. This includes having o/s accounts so I'm assuming any reputable broker is adhering to these rules for Aussies. Probably easier to just not let Australians create an account, over tailoring leveraged accounts for them. Only my assumption, could be wrong.
I don't understand this, tbh, because it was supposed to be capped by 1:30 in EU, too. Maybe legally it already is, but brokers seem to have found a way around it, as they still offer higher leverage.
Everyone can see the chart, but only a few can actually read it.
  • #26
  • Jul 6, 2023 3:43pm Jul 6, 2023 3:43pm
Quoting OnlineAddict
I don't understand this, tbh, because it was supposed to be capped by 1:30 in EU, too. Maybe legally it already is, but brokers seem to have found a way around it, as they still offer higher leverage.
Not within the EU. For example ICMarkets has two websites. The regular icmarkets.com website, and the EU version icmarkets.eu. When I visit their .com website from a European IP address, I am given this popup:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB

and get redirected to the EU site. These are two different legal entities with different legislations.
  • #27
  • Jul 6, 2023 3:51pm Jul 6, 2023 3:51pm
Quoting yoriz
{quote} Not within the EU. For example ICMarkets has two websites. The regular icmarkets.com website, and the EU version icmarkets.eu. When I visit their .com website from a European IP address, I am given this popup: {image} and get redirected to the EU site. These are two different legal entities with different legislations.
Yeah, I know about IC Markets and their 2 versions, but there are also EU brokers offering high leverage, still.
Everyone can see the chart, but only a few can actually read it.
  • #28
  • Jul 6, 2023 4:01pm Jul 6, 2023 4:01pm
Quoting OnlineAddict
there are also EU brokers offering high leverage, still.
Naughty...

However, what does it matter? We can just transfer our money to a non-EU broker and trade there, right? I don't understand how these EU rules are going to help. Same for the US rules (FIFO ordering, no hedging, etc.): simply trade with a non-US broker.

I must be missing something?!
  • #29
  • Jul 6, 2023 4:04pm Jul 6, 2023 4:04pm
Quoting yoriz
{quote} Naughty... However, what does it matter? We can just transfer our money to a non-EU broker and trade there, right? I don't understand how these EU rules are going to help. Same for the US rules (FIFO ordering, no hedging, etc.): simply trade with a non-US broker. I must be missing something?!
Well, for us, EU traders, it doesn't matter...we can trade with any broker worldwide. But US traders can't. Foreign brokers won't even accept them out of fear. Kind of ironic, living in the "Land of the free" and being less free than most people in the rest of the world.
Everyone can see the chart, but only a few can actually read it.
  • #30
  • Sep 27, 2023 6:30am Sep 27, 2023 6:30am
Quoting XMR
I’m soon going to introduce a system in Forex Factory that is pretty much going to blow away all TEs I’ve seen in here so far. And the system won’t lose any edge by posting it here.
Let's see this 50k %
  • #31
  • Sep 27, 2023 5:13pm Sep 27, 2023 5:13pm
Quoting XMR
I’m soon going to introduce a system in Forex Factory that is pretty much going to blow away all TEs I’ve seen in here so far. And the system won’t lose any edge by posting it here.
I laughed so much at that, as if ANY system ever threatened the 5 TRILLION dollars FX market, much less your 0.01 system testing!



You win TROLL of the month, congratulations.

It takes a lot for me to IGNORE you, but you can try.
  • #32
  • Last Post: Sep 27, 2023 5:22pm Sep 27, 2023 5:22pm
Quoting Erebus
{quote} I laughed so much at that, as if ANY system ever threatened the 5 TRILLION dollars FX market, much less your 0.01 system testing! You win TROLL of the month, congratulations.
Give him a chance he may have a weapon!! That was a lot of emojis by the way
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