Dislikedgodzilla (http://www.forexpeacearmy.com/forex-forum/members/godzilla.html) http://www.forexpeacearmy.com/forex-...er_offline.gif
Recruit
Posts: 1
Join Date: Dec 2007
Location: Sedona, AZ
http://www.forexpeacearmy.com/forex-...cons/icon1.gif forex confidential - steve dewitt - 01-04-2008, 04:16 AM
this guy touts on his emails that he is making over 600 pips a week since June 2007 But this is how he does it. he has fairly good indicators to tell when a trend is starting and 3 out of 4 have to point in the same direction to trade. But his accounting system that he uses to determine his so call profit per week works like this. the entry of the trade is the start of a 4 hour bar after the signal. the stop on the trade goes 25 pips from his FX LINE. His profit objective at first is 50 pips from entry and then every 30 pips thereafter. the stop always moves every 4 hours to the 25 pips from the FX LINE. the stop is usually about 100 to 200 pips from the market.
when he takes a loss he takes it on one unit traded. so when he takes a profit his one unit would be gone with 50 pips profit right. But this is where he moves his stop up to 5 pips in profit til the FX LINE catches up. But he always gets to let his profit run in his accounting system and takes the best profit point hit for one unit for his accounting. if the market come back and hits his stop for 5 pips profit he counts it as a 50 pip profit in his system. If it keeps on going he might take a 210 or more pip profit when stopped out at his FX LINE which would have given him a 110 pip profit. it is magic that he get maximum profits every time. I ran a speadsheet over a month and it lost over 1500 pips while he made 1777 pips Please help me expose this guy before some innocent people lose their money. thanksIgnored
I reported this "Pigs get fed" Bull$£i£" a while back.I didn't go into detail like you have I just looked at his posts and realised.As I said at the time in one reply to his post's "Allowing post's such as his lowers the standard of FF.
The greatest enemy of a good plan is the dream of a perfect plan.
