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Golden Goose/Forex Platforms

  • #1
  • First Post: Aug 10, 2006 8:01pm Aug 10, 2006 8:01pm
One of the advantages that the forex brokers have, is that they can use individual accounts to screen for 'golden goose' accounts that are of the very small percentage who manage to beat the odds, and gain profits consistently with minimal drawdowns ..and good profits.

All they have to do is, mirror those trades in that account to reap profits. Human golden gooses become better indicators of market direction then any indicator out there derived mathematically.


Chris
Price is the only indicator.
  • #2
  • Aug 10, 2006 8:08pm Aug 10, 2006 8:08pm
Quoting Spectre2006
One of the advantages that the forex brokers have, is that they can use individual accounts to screen for 'golden goose' accounts that are of the very small percentage who manage to beat the odds, and gain profits consistently with minimal drawdowns ..and good profits.

All they have to do is, mirror those trades in that account to reap profits. Human golden gooses become better indicators of market direction then any indicator out there derived mathematically.


Chris
So....
Do you intend to tell us where you think they are?

OR

Do you expect that I should tell you where my "Goose" goes to lay her eggs.
  • #3
  • Aug 6, 2007 8:41am Aug 6, 2007 8:41am
Chris,

This is something I have been thinking about while I am developing my autotrading strategies. Since any autotrading system has to take a "slow and steady" approach, a good result will be consistent, positive pips every month. Certainly the broker sees which account do well, and could easily piggyback your trades.

Do you think this is happening?

How can one avoid it (without going to the interbank market)?

It seems like brokers offer less spread to high volume traders, and of course high volume traders are likely profitable. Kind of makes you wonder...

-Duke
  • #4
  • Last Post: Aug 10, 2007 3:38am Aug 10, 2007 3:38am
Quoting Spectre2006
One of the advantages that the forex brokers have, is that they can use individual accounts to screen for 'golden goose' accounts that are of the very small percentage who manage to beat the odds, and gain profits consistently with minimal drawdowns ..and good profits.

All they have to do is, mirror those trades in that account to reap profits. Human golden gooses become better indicators of market direction then any indicator out there derived mathematically.


Chris
What exactly is a 'golden goose'?
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