FX Dealer Performance | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Non-desk dealer that offer currency options? 20 replies

Dealer recommendations on currency pairs? Their effect? 3 replies

what is the "US TOTAL DEALER POSITIONS" on news flash? 0 replies

Dealer Desk Vs Non Dealer Desk 9 replies

which forex dealer allows paypal/credit card deposits? 10 replies

FX Dealer Performance

  • #61
  • Jul 24, 2004 12:55am Jul 24, 2004 12:55am
Quoting Mkcky
Sidekick and FX4, you are using their service, any comments?

Mkcky
What broker are you using?
With FXCM I got stopped out many times while I was still in the trade with an institutional broker.
  • #62
  • Jul 24, 2004 1:57am Jul 24, 2004 1:57am
Quoting Mkcky

I think we can never simulate real results with signal providers results. There results are taken from most ideal condition.

Mkcky
Look, I bet they would never be able to simulate their own posted results, that's why they are in the business of providing signals and not in the business of trading them. Don't feel bad about it and thanks for your update.

At least we known that you are not an imposter...
  • #63
  • Jul 24, 2004 2:23am Jul 24, 2004 2:23am
Quoting sidekick
What broker are you using?
With FXCM I got stopped out many times while I was still in the trade with an institutional broker.
Hi Sidkick,

I am using REFCO, Thats same like FXCM. Do you think using 45 pips stop loss would have stopped those extra 5 stop loss trades? if thats the case my results would have been around +270 Pips.

Mkcky
Lets Make Money!!!
  • #64
  • Jul 24, 2004 2:55am Jul 24, 2004 2:55am
Quoting fx_electron
Look, I bet they would never be able to simulate their own posted results, that's why they are in the business of providing signals and not in the business of trading them. Don't feel bad about it and thanks for your update.

At least we known that you are not an imposter...
Hey FX_Electron,

I am only one who posted detail results everyday and you thought I am imposter? Shame on you.

Mkcky
Lets Make Money!!!
  • #65
  • Jul 24, 2004 9:45am Jul 24, 2004 9:45am
Quoting Mkcky
Hi Sidkick,

I am using REFCO, Thats same like FXCM. Do you think using 45 pips stop loss would have stopped those extra 5 stop loss trades? if thats the case my results would have been around +270 Pips.

Mkcky
Mkcky,

I'm using REFCO too. I got slightly better result and it is about 50 pips per lot. However, I also missed some winning trades and one of them I never receive the signal for some reasons.

Did you check the chart with those 5 stop loss trades that you have and if widen the stoploss to 5 pips more would save all these 5 trades? I didn't check all of mine, but I know at least one of them would as I mentioned in an eariler post. I set stoploss to be 41 pips and it actually went down to 40 pips and then bounce back. In the fxdealer website, they do recommend another 3-5 pips for stoploss to avoid the stoploss spike by some brokers. I'm also thinking of using 45 pips as stoploss so that I will be at least closer to their result on the website and possibly much better off. Let's say you are only able to save 3 out of the 5 stoploss you had. Then you will have 9 stoploss and each trade you saved would give you back at least 50 pips per lot (your stoploss plus at least 10 pips profit per lot).

Using 5 pips for 9 stoploss = -45 pips per lot
Saved 3 trades = 3 * 50 = 150 pips per lot
Overall = 105 pips per lot.

I think using 45 pips stoploss isn't a bad idea unless we have a bad week with mostly loss.

I personally like the signals from fxdealer much better than fx-unigma, but not sure if acetrader is better. The signals are usually comes when volatility is low, so in many cases we should be able to enter with recommend price or even better price. (I was hoping Sidekick can share his experience with entry & exit).

Another thing I found is that if you can't enter a trade at the recommended price with 30 minutes, you either take it at market price or drop the trade. Waiting too long might get you into a trade that will go the opposite direction.

Any comment?

FX4
  • #66
  • Jul 24, 2004 9:47am Jul 24, 2004 9:47am
Quoting sidekick
What broker are you using?
With FXCM I got stopped out many times while I was still in the trade with an institutional broker.
Sidekick, which institutional broker are you using?
  • #67
  • Jul 24, 2004 11:43am Jul 24, 2004 11:43am
How aobut try to use 45 pip SL for next trade ?
  • #68
  • Jul 24, 2004 1:51pm Jul 24, 2004 1:51pm
Quoting Mkcky
Hey FX_Electron,

I am only one who posted detail results everyday and you thought I am imposter? Shame on you.

Mkcky
I said you are NOT an imposter. Find any post of mine on this board where I say you are. I don't like when someone is implying that I said something I did not. And I even did not mean to suggest you were. If you don't understand what I said, why don't you just ask?

You are the last person I could think of as an imposter...

It looks to me that you are just trying to act out your frustration on me. I don't understand this because I have never said that you would be able to match your results with theirs. I am very sceptical about any claims of 'matchability', probably more than anyone else on this board and I question such claims every time I have a chance to do so. May I then suggest that you find someone else to act out your frustration on, because I am really not a proper person.
  • #69
  • Edited 5:56pm Jul 24, 2004 5:53pm | Edited 5:56pm
Quoting fx_electron
I said you are NOT an imposter. May I then suggest that you find someone else to act out your frustration on, because I am really not a proper person.
Yo Fx_Electron,

I am glad that you don’t think I am imposter and believe me I was not taking any frustration on you . Just take it easy ok?

Mkcky
Lets Make Money!!!
  • #70
  • Jul 24, 2004 6:33pm Jul 24, 2004 6:33pm
Quoting FX4
Sidekick, which institutional broker are you using?
refcosingapore (!= refcofx)
  • #71
  • Jul 24, 2004 6:46pm Jul 24, 2004 6:46pm
Quoting FX4
Mkcky,

I think using 45 pips stoploss isn't a bad idea unless we have a bad week with mostly loss.

FX4
There are two ways to do this, have a 45 pips stop loss and when trade is +20 pips, move the stop loss to 5 pips below entry point.

Second option is to enter the trade with better price of 5 pips and use standard 40 pips stop loss which is equal to having 45 pips stop loss as our price is better by 5 pips. Do you think we will miss lots of good trades if we try to wait for better price of 5 pips?

Which option is better? 1)using stop loss of 45 pips or 2) Entring trade with better price of 5 pips?

Another issue is about closing half position after trade is +20 pips. If we look at results, first lot has half the profit of second so why loose that profit by closing half trades early?

Mkcky
Lets Make Money!!!
  • #72
  • Jul 25, 2004 10:39am Jul 25, 2004 10:39am
Quoting Mkcky
Which option is better? 1)using stop loss of 45 pips or 2) Entring trade with better price of 5 pips?

Another issue is about closing half position after trade is +20 pips. If we look at results, first lot has half the profit of second so why loose that profit by closing half trades early?

Mkcky
This is a tough question. I think entering trade with better price of 5 pips will miss some good trades, but one the other hand, I think it works for 70%-80% of the time. My observation is that we can do that on USDCAD & EURJPY at a much higher chance. Do you agree? I am wondering if we should pick and choose which pair to appy which strategy. What do you think?

Regarding to closing half position, I think there are many trades that are break even for the 2nd lot and that's why closing half position at +20 pips makes sense.

FX4
  • #73
  • Jul 26, 2004 12:18am Jul 26, 2004 12:18am
Quoting firedave
How aobut try to use 45 pip SL for next trade ?
Hi Dave,

I still have one weeks trial left and gonna give a try with 45 pips stop loss.

Mkcky
Lets Make Money!!!
  • #74
  • Jul 26, 2004 12:37am Jul 26, 2004 12:37am
Quoting FX4
This is a tough question. I think entering trade with better price of 5 pips will miss some good trades, but one the other hand, I think it works for 70%-80% of the time. My observation is that we can do that on USDCAD & EURJPY at a much higher chance. Do you agree? I am wondering if we should pick and choose which pair to appy which strategy. What do you think?

Regarding to closing half position, I think there are many trades that are break even for the 2nd lot and that's why closing half position at +20 pips makes sense.

FX4

Hi FX,

Using slow stoch (5,1) on 30 minutes time frame can help to decide if you want to take a trade with current price or better price of 5 pips. if stoch is going in opposite direction, wait for price to retrace by 5 pips or better and then enter the trade.

Mkcky
Lets Make Money!!!
  • #75
  • Jul 28, 2004 10:21am Jul 28, 2004 10:21am
Hai mkcky, any trade for this week ?
  • #76
  • Edited 12:36pm Jul 28, 2004 12:27pm | Edited 12:36pm
Fx-Dealer Performance

26th July
Buy USDCHF 1.2605: +20 +37= +57
Sell GBPUSD 1.8415: +20 -8= +12
Buy USDJPY 109.90: -6 -6 = -12
Buy USDJPY 109.88 : (Did not take this trade previous trade was open)

I wrote the email to them about (BUY USDJPY 109.90) and I got a reply:
We got 110.10/13 quote from some brokers so 109.90 longs were partly
closed and stopped. 109.88 longs are active.
The price with my broker(Refco) did not go above 110.09.

Total Pips for 2 lots: +57 Pips Profit per lot: +28.5 Pips


27 July
Buy EURUSD 1.2134:+20-3= +17
Buy USDJPY 109.76:+20+32= +52
Sell GBPUSD 1.8434: +20+75=+95
Sell EURJPY 133.43: -45-45= -90
Buy USDCAD 1.3344: +20-45=-25
Sell EURUSD 1.2071: (Did not take this trade, Price moved too far too fast )
Buy GBPUSD 1.8208: +20+38=+58
Sell USDJPY 111.08: +17+17= +34

Profit for 2 lots: +141 Profit per lot: +70.5 Pips


Mkcky
Lets Make Money!!!
  • #77
  • Jul 29, 2004 2:16am Jul 29, 2004 2:16am
Hi everybody,
I had a trial with fx-dealer a few months ago. I noticed that they record the loss as for one lot and the gain for two lots. For example: If they had a call to Long USD/CAD @ 1.3350 SL 1.3310 then if the possition were stopped out they register a -40 pips in their record, however if the possition were profitable then they would register the result of two lots (as far as I remember). I also remember that if they had a call to close half the possition after 20 pips and after that the other half were stopped then they register 0 pips (breakeven). I asked them about this issue and they told me that it is a matter of advertisment !!
Regards,
Murad.
  • #78
  • Jul 29, 2004 3:00pm Jul 29, 2004 3:00pm
This is the new Rule put on the Fx-dealer website. Why would they do this any comments?

Our primary goal is to ensure positive weekly performance equal to +50 pips. As soon as this goal is reached we'll be sending trading signals as usual but without publishing them in our trading history. Members will be notified about this situation with the message "Weekly positive result was reached".


Mkcky
Lets Make Money!!!
  • #79
  • Jul 29, 2004 11:17pm Jul 29, 2004 11:17pm
Quoting Mkcky
This is the new Rule put on the Fx-dealer website. Why would they do this any comments?

Mkcky
I'm not sure what the reason is behind this. To me, it sounds negative and I've sent them an email about how I interpret it. Without further explanation, it sounds like they are setting a goal of +50 pips only and if this is the case, it doesn't sound very attractive. What do others think?

FX4
  • #80
  • Jul 30, 2004 12:41am Jul 30, 2004 12:41am
Quoting FX4
I'm not sure what the reason is behind this. To me, it sounds negative and I've sent them an email about how I interpret it. Without further explanation, it sounds like they are setting a goal of +50 pips only and if this is the case, it doesn't sound very attractive. What do others think?

FX4
Hi everyone,
I am new to this forum but wanted to say some about fx-dealer signals.
I signed up for there service on Tuesday and started getting their signals yesterday. Here is yesterday's performance.

Sell EJP 134.30 Close EJP shorts 134.50 -20pips
Sell EURUSD 1.2065 Close EURUSD shorts 1.2060 +5pips
Buy USDCAD 1.3267 Close USDCAD longs 1.3281 +14pips
Buy GBPUSD 1.8240 Close GBPUSD longs 1.8245 +5pips
Buy USDCHF 1.2758 Close USDCHF longs 1.2768 +10pips

I actually traded one lot per each pair.

Today's performance is very poor. Specially those of you who r still recieving their signals know what I am taking about. I didn't have the patience and I got out of all trades. On top of that, they sent us the so called the new trading rules which does not make sense at all. If their goal is 50 pips/week, that is not impressive - comparing with what they advertised in their website.
I am sensing something is not right. Anyway, I will continue recieving the signals, trade it and will share the result with u guys.

later.
0 traders viewing now