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Promising system?

  • #1
  • First Post: Sep 16, 2008 2:29am Sep 16, 2008 2:29am
Hi,

I recently came in contact with a money manager. He uses a trading system that’s based on neural network analysation. The results look very promising, however, I have not enough experience in forex trading to make a clear judgement.. I would like to ask you guys (who are more familiar with it) to comment on this. At the moment I'm following the demo. I will post daily the results the money manager makes.
Let me hear your thoughts on this one.


These are the coordinates of a demo account that uses this system.

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 16.099$

Login: 810096
Read only password: neural22
Server: MIG-Demo
  • #2
  • Sep 16, 2008 3:08am Sep 16, 2008 3:08am
I'm not sure how to use this indicator. You may give it a try. Guess it might helpful if you want to follow the signal from the fund manager.

Copy the indicator and save in your mt4 folder.
Then log in to their demo account as an investor.
Then attach the indicator on the pair they trade.
So whenever they put a trade, the indicator will alarm you with sound.

This is what I get from others, nvr try it out, so juz pass it to you, wish it helps.
Attached File(s)
File Type: mq4 ActionAlert.mq4   2 KB | 617 downloads
  • #3
  • Sep 16, 2008 3:24am Sep 16, 2008 3:24am
Hello mphpopular,

Is this legal to use this?
  • #4
  • Sep 17, 2008 2:29am Sep 17, 2008 2:29am
Update of Results:

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 18 696$

Login: 810096
Read only password: neural22
Server: MIG-Demo
  • #5
  • Sep 17, 2008 3:19am Sep 17, 2008 3:19am
Grid system with take profit of 15pips.
  • #6
  • Sep 17, 2008 6:41am Sep 17, 2008 6:41am
Quoting forextrend
Grid system with take profit of 15pips.
Is that good or bad?
  • #7
  • Sep 17, 2008 1:00pm Sep 17, 2008 1:00pm
Quoting Jova
Is that good or bad?

In my opinion a grid system that opens that many positions will make money until it runs into a sudden trending market or pair and it will wipe your account clean out.

All those gridd and hedging systems is just a way for your broker to make big bucks.


To make money in this business find a system that works for you test it manually for awhile and once you become comfortable trading it then get a programmer to program an E.A based on that system for you.

Hope you find what you are looking for.
  • #8
  • Sep 18, 2008 2:31am Sep 18, 2008 2:31am
Update of results:



Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 18 910$

Login: 810096
Read only password: neural22
Server: MIG-Demo
  • #9
  • Sep 18, 2008 7:58am Sep 18, 2008 7:58am
Quoting forextrend
In my opinion a grid system that opens that many positions will make money until it runs into a sudden trending market or pair and it will wipe your account clean out.

So you think this will only work in a ranging market?
  • #10
  • Sep 18, 2008 8:03am Sep 18, 2008 8:03am
Hi,

I have not check the account
but
If it is grid trading you can stop to follow the account.

Grid trading "kills accounts"
  • #11
  • Sep 18, 2008 12:51pm Sep 18, 2008 12:51pm
Quoting WarrBenj
Hi,

I have not check the account
but
If it is grid trading you can stop to follow the account.

Grid trading "kills accounts"
Are all grid trading systems the same?
Because this one looks very stabile.
  • #12
  • Sep 19, 2008 2:45am Sep 19, 2008 2:45am
Update of Results:

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 19 120$

Login: 810096
Read only password: neural22
Server: MIG-Demo
  • #13
  • Sep 19, 2008 3:01am Sep 19, 2008 3:01am
Hi,

Pure Grid systems are losing systems in the long run.
I do not know which type of systems that runs on this account

Good luck with your trades.

I prefer systems with few trades in //
  • #14
  • Sep 19, 2008 7:01am Sep 19, 2008 7:01am
Quoting WarrBenj
Hi,

Pure Grid systems are losing systems in the long run.
I do not know which type of systems that runs on this account

Good luck with your trades.

I prefer systems with few trades in //
How and where can I see if this system is a pure grid trader?
Can you recomend me a good system that only uses a "few trades"?
  • #15
  • Sep 20, 2008 5:13pm Sep 20, 2008 5:13pm
It looks like it is doing pretty good so far.
Alot of grid based systems have problems in trending markets because they don't know when to 'let go' so far this one seems pretty stable. It need alot more forward testing to make sure, but so far so good.

I'm curious though as to what system it is? Could you send me a pm

Thank you.
  • #16
  • Sep 21, 2008 2:21pm Sep 21, 2008 2:21pm
Quoting Jova
How and where can I see if this system is a pure grid trader?
Can you recomend me a good system that only uses a "few trades"?

There is some EA's out here that use trend following methods or breakout methods that use few trades.

I use one that are break out based.
  • #17
  • Sep 22, 2008 2:39am Sep 22, 2008 2:39am
Update of results:


Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 19 905$

Login: 810096
Read only password: neural22
Server: MIG-Demo
  • #18
  • Sep 22, 2008 6:57am Sep 22, 2008 6:57am
Quoting regekregek
Update of Results:

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 17 080$

Login: 810096
Read only password: neural22
Server: MIG-Demo



?????
How do you come to this balance of 17 080$?
  • #19
  • Sep 22, 2008 7:02am Sep 22, 2008 7:02am
Quoting Verto
It looks like it is doing pretty good so far.
Alot of grid based systems have problems in trending markets because they don't know when to 'let go' so far this one seems pretty stable. It need alot more forward testing to make sure, but so far so good.

I'm curious though as to what system it is? Could you send me a pm

Thank you.
I just sendet you a PM.
  • #20
  • Sep 22, 2008 7:23am Sep 22, 2008 7:23am
Jova I sent you a PM with an example few trades

Quoting WarrBenj
Hi,

Pure Grid systems are losing systems in the long run.
I do not know which type of systems that runs on this account

Good luck with your trades.

I prefer systems with few trades in //
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