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FX Dealer Performance

  • #81
  • Jul 30, 2004 5:02am Jul 30, 2004 5:02am
FX-Dealer Performance

28th July
Sell EURJPY 134.30: -30 -30 = -60
Buy GBPUSD 1.8208: (Did not take this trade price moved very fast)
Buy USDCAD 1.3267: +5 +5= +10
Buy GBPUSD 1.8240: 0 + 0= 0
Buy USDCHF 1.2758: +9 + 9= +18
Sell EURUSD 1.2060: 0 + 0= 0

Total Pips for 2 lots: -32 Loss per lot: - 16 Pips


29 July
Sell USDCHF 1.2756: -45-45:-90
Buy USDCAD 1.3290:-45-45: -90
Sell USDJPY 112.36:+20+75: +95
Buy GBPUSD 1.8110:+20+75: +95
Sell USDCHF 1.2789: -22-22:-44
Buy GBPUSD 1.8198: -30-30:-60
Buy GBPUSD 1.8256: -21-21:-42

Total Pips for 2 lots: -136 Loss per lot: - 68 Pips
Lets Make Money!!!
  • #82
  • Jul 30, 2004 5:09am Jul 30, 2004 5:09am
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 FX4,

Like Orion said there is something fishy going on with Fx-dealer, first of all they have very strange way of reporting the profits, now they are talking only about +50 pips per week. its not very encouraging.

Mkcky
Lets Make Money!!!
  • #83
  • Jul 30, 2004 5:15am Jul 30, 2004 5:15am
Quoting Mkcky
FX-Dealer Performance

28th July
Sell EURJPY 134.30: -30 -30 = -60
Buy GBPUSD 1.8208: (Did not take this trade price moved very fast)
Buy USDCAD 1.3267: +5 +5= +10
Buy GBPUSD 1.8240: 0 + 0= 0
Buy USDCHF 1.2758: +9 + 9= +18
Sell EURUSD 1.2060: 0 + 0= 0

Total Pips for 2 lots: -32 Loss per lot: - 16 Pips


29 July
Sell USDCHF 1.2756: -45-45:-90
Buy USDCAD 1.3290:-45-45: -90
Sell USDJPY 112.36:+20+75: +95
Buy GBPUSD 1.8110:+20+75: +95
Sell USDCHF 1.2789: -22-22:-44
Buy GBPUSD 1.8198: -30-30:-60
Buy GBPUSD 1.8256: -21-21:-42

Total Pips for 2 lots: -136 Loss per lot: - 68 Pips
Thanks Mkcky for posting your results.

I am on the trial to and my results are the same as your except for one:

Buy GBPUSD 1.8110:+20+75: +95

How have you used your stop loss on this trade? What I understand is that when you get to +20points you move your SL (on your second lot) to just below the entry, according to my results it fell to around 1.8091 before rising again to hit the +75 so I was stopped out, meaning my result is:

Buy GBPUSD 1.8110:+20+0: +20

Maybe it is me who is doing something wrong/different?

Secondly did the following trade run through to the next day (30th July) and hit +75, as this is what happened for me:

Sell USDJPY 112.36:+20+75: +95

Cheers for your help!

YS
  • #84
  • Jul 30, 2004 5:46am Jul 30, 2004 5:46am
Quoting Youngstar
Thanks Mkcky for posting your results.

I am on the trial to and my results are the same as your except for one:
Buy GBPUSD 1.8110:+20+75: +95
How have you used your stop loss on this trade? What I understand is that when you get to +20points you move your SL (on your second lot) to just below the entry, according to my results it fell to around 1.8091 before rising again to hit the +75 so I was stopped out, meaning my result is:
Buy GBPUSD 1.8110:+20+0: +20
Maybe it is me who is doing something wrong/different?
Hi, Youngstar,
Your results are right and you did not do anything wrong
I enter this trade bit late and got a price of 1.8101 and I used 45 pips of stop loss and -5 pips below breakeven after taking +20 pips profit as per my testing policy, thats why second lot hit take profit and did not got stopped out at breakeven.

I have published my real trade results and some trades my have different outcome.

Quoting Youngstar
Secondly did the following trade run through to the next day (30th July) and hit +75, as this is what happened for me:
Sell USDJPY 112.36:+20+75: +95
Cheers for your help!
For this trade I never received any signal to close the position and second lot was opened till 30th until it hit take profit target.

Mkcky
Lets Make Money!!!
  • #85
  • Jul 30, 2004 7:42am Jul 30, 2004 7:42am
Quoting Mkcky
Hi FX4,

Like Orion said there is something fishy going on with Fx-dealer, first of all they have very strange way of reporting the profits, now they are talking only about +50 pips per week. its not very encouraging.

Mkcky
Hi Mkcky,

The following is the reply from fx-dealer. I suggest that each of you send an email to them to give feedback on what you think. They do consider member's request. I would suggest that they label the higher risk trades so we will make the call to trade or not.

The real reason is that we miss good but higher risk signals at the end
of the week because of fear to damage already positive performance.

I think that stable +50 pips for every week is excellent result.

I think that with this new trading rule we get better total performance
for members. But it has yet to be proved by statistic for members in
coming weeks. Of course if we get many requests from members to cancel
this rule we do that.

FX4
  • #86
  • Jul 31, 2004 1:26pm Jul 31, 2004 1:26pm
FX-Dealer Performance for Week

26-Jul-04 BUY USDCHF 1.2605 SELL 1.2645 PL = +40 (+37)
26-Jul-04 SELL GBPUSD 1.8415 BUY 1.8395 PL = +20 (-8)
26-Jul-04 BUY USDJPY 109.90 SELL 110.10 PL = +20 (-6)
26-Jul-04 BUY USDJPY 109.88 SELL 110.08 PL = +20 (0)
27-Jul-04 BUY EURUSD 1.2134 SELL 1.2154 PL = +20 (-3)
27-Jul-04 BUY USDJPY 109.76 SELL 110.06 PL = +30 (+32)
27-Jul-04 SELL GBPUSD 1.8434 BUY 1.8359 PL = +75 (+75)
27-Jul-04 SELL EURJPY 133.43 BUY 133.83 PL = - 40 (-40)
27-Jul-04 BUY USDCAD 1.3344 SELL 1.3364 PL = +20 (-25)
27-Jul-04 SELL EURUSD 1.2071 BUY 1.2051 PL = +20 (0)
27-Jul-04 BUY GBPUSD 1.8208 SELL 1.8248 PL = +40 (+38)
27-Jul-04 SELL USDJPY 111.08 BUY 110.93 PL = +15 (+17)
28-Jul-04 SELL EURJPY 134.30 BUY 134.50 PL = - 20 (-30)
28-Jul-04 BUY GBPUSD 1.8208 SELL 1.8228 PL = +20 (0)
28-Jul-04 SELL EURUSD 1.2065 BUY 1.2060 PL = +5 (0)
28-Jul-04 BUY USDCAD 1.3267 SELL 1.3282 PL = +15 (+5)
28-Jul-04 BUY GBPUSD 1.8240 SELL 1.8245 PL = +5 (0)
28-Jul-04 BUY USDCHF 1.2758 SELL 1.2768 PL = +10 (+18)
29-Jul-04 BUY GBPUSD 1.8256 SELL 1.8241 PL = - 15 (-40)
29-Jul-04 BUY GBPUSD 1.8198 SELL 1.8178 PL = - 20 (-30)
29-Jul-04 SELL USDCHF 1.2789 BUY 1.2809 PL = - 20 (-22)
29-Jul-04 BUY GBPUSD 1.8110 SELL 1.8130 PL = +20 (+75)
29-Jul-04 SELL USDJPY 112.36 BUY 111.61 PL = +75 (+75)
29-Jul-04 BUY USDCAD 1.3290 SELL 1.3250 PL = - 40 (-45)
29-Jul-04 SELL USDCHF 1.2756 BUY 1.2796 PL = - 40 (-21)


Total profit as per Fx-dealer: +120 Pips
Total Profit of real trading: +15 Pips
Lets Make Money!!!
  • #87
  • Jul 31, 2004 1:26pm Jul 31, 2004 1:26pm
FX-Dealer Performance for Week (Real trading profits are in bracket)

26-Jul-04 BUY USDCHF 1.2605 SELL 1.2645 PL = +40 (+37)
26-Jul-04 SELL GBPUSD 1.8415 BUY 1.8395 PL = +20 (-8)
26-Jul-04 BUY USDJPY 109.90 SELL 110.10 PL = +20 (-6)
26-Jul-04 BUY USDJPY 109.88 SELL 110.08 PL = +20 (0)
27-Jul-04 BUY EURUSD 1.2134 SELL 1.2154 PL = +20 (-3)
27-Jul-04 BUY USDJPY 109.76 SELL 110.06 PL = +30 (+32)
27-Jul-04 SELL GBPUSD 1.8434 BUY 1.8359 PL = +75 (+75)
27-Jul-04 SELL EURJPY 133.43 BUY 133.83 PL = - 40 (-40)
27-Jul-04 BUY USDCAD 1.3344 SELL 1.3364 PL = +20 (-25)
27-Jul-04 SELL EURUSD 1.2071 BUY 1.2051 PL = +20 (0)
27-Jul-04 BUY GBPUSD 1.8208 SELL 1.8248 PL = +40 (+38)
27-Jul-04 SELL USDJPY 111.08 BUY 110.93 PL = +15 (+17)
28-Jul-04 SELL EURJPY 134.30 BUY 134.50 PL = - 20 (-30)
28-Jul-04 BUY GBPUSD 1.8208 SELL 1.8228 PL = +20 (0)
28-Jul-04 SELL EURUSD 1.2065 BUY 1.2060 PL = +5 (0)
28-Jul-04 BUY USDCAD 1.3267 SELL 1.3282 PL = +15 (+5)
28-Jul-04 BUY GBPUSD 1.8240 SELL 1.8245 PL = +5 (0)
28-Jul-04 BUY USDCHF 1.2758 SELL 1.2768 PL = +10 (+18)
29-Jul-04 BUY GBPUSD 1.8256 SELL 1.8241 PL = - 15 (-40)
29-Jul-04 BUY GBPUSD 1.8198 SELL 1.8178 PL = - 20 (-30)
29-Jul-04 SELL USDCHF 1.2789 BUY 1.2809 PL = - 20 (-22)
29-Jul-04 BUY GBPUSD 1.8110 SELL 1.8130 PL = +20 (+75)
29-Jul-04 SELL USDJPY 112.36 BUY 111.61 PL = +75 (+75)
29-Jul-04 BUY USDCAD 1.3290 SELL 1.3250 PL = - 40 (-45)
29-Jul-04 SELL USDCHF 1.2756 BUY 1.2796 PL = - 40 (-21)


Total profit as per Fx-dealer: +120 Pips
Total Profit of real trading: +15 Pips

Mkcky
Lets Make Money!!!
  • #88
  • Jul 31, 2004 1:46pm Jul 31, 2004 1:46pm
I am done with testing for FX-Dealer Signals. Their signals are better then Unigma and Fx-Statergy although have very strange way of reporting the profits. One cannot match the profit levels of signal providers. There is always difference in profit/loss of 5 to 7 pips per trade and eats up most of the profits. I have started getting the feeling that its hard to make profits using trading signals.


Mkcky
Lets Make Money!!!
  • #89
  • Aug 1, 2004 4:35am Aug 1, 2004 4:35am
Quoting Mkcky
I am done with testing for FX-Dealer Signals. Their signals are better then Unigma and Fx-Statergy although have very strange way of reporting the profits. One cannot match the profit levels of signal providers. There is always difference in profit/loss of 5 to 7 pips per trade and eats up most of the profits. I have started getting the feeling that its hard to make profits using trading signals.


Mkcky
Hi Mkcky

Thanks for posting the results. From your results listed in the weeks summary I can see you have quoted the results for 1 lot (the 75 pip target lot as opposed to the 20 pip target) is this correct? For the 29th July I almost matched the results posted on website, but a couple of trades were hit by spead differences as is to be expected.
The main problem I am having with all the signal sites mentioned is that the way they produce results is so incorrect I feel that we may all be wasting our time?!
Take FX dealer for example: What they should make clear is that when you have a -40 loss this is actually -80 pips (2 lots x 40) but on a positive side when the position was exited in profit without hitting any targets (example 15 pips) this is also x by 2.
I am not silly and I know why they do what they do, but hopefully between us we can find out if signal trading actually is productive. I'm not sure about you guys but I am spending a lot of time 'trialing' signal providers which is becoming a fulltime job only to end up 'pulling the positive results apart' for one reason or another, so feels like we are going round in circles.
I think it's fair to conclude that if after a trial period you are not matching the websites posted results exactly (within reason) then the signal provider is not going to produce the results promised in the future... therefore completely pointless.

So having said all this I am sure between us all we can almost draw up a list of what signal providers to avoid (period. Unless you fancy wasting time), and what signal providers will realistically mean we can make money to pay bills and live each week. As someone stated this is not a game it's a living (for full time traders!)

I know there are may threads covering such topics but like I say between us all we should be able to advise forum members a definitive short list of the signal providers to have a serious attempt at making money with (if any?) and the ones which are not worth even posting about anymore.

Ys
  • #90
  • Aug 1, 2004 12:34pm Aug 1, 2004 12:34pm
Quoting Mkcky
I am done with testing for FX-Dealer Signals. Their signals are better then Unigma and Fx-Statergy although have very strange way of reporting the profits. One cannot match the profit levels of signal providers. There is always difference in profit/loss of 5 to 7 pips per trade and eats up most of the profits. I have started getting the feeling that its hard to make profits using trading signals.


Mkcky
Great work mkcky, two tumbs up, i found your report very usefull for me and other traders. I'll put the resume on the other thread.

If I dont mistake, the conclution is fx-dealer is better than unigma and forex strategy but we cant have similar result with what they put in their site, yes ?
  • #91
  • Aug 1, 2004 4:41pm Aug 1, 2004 4:41pm
Quoting firedave
Great work mkcky, two tumbs up, i found your report very usefull for me and other traders. I'll put the resume on the other thread.

If I dont mistake, the conclution is fx-dealer is better than unigma and forex strategy but we cant have similar result with what they put in their site, yes ?

Yes thats right.

Mkcky
Lets Make Money!!!
  • #92
  • Aug 2, 2004 12:04am Aug 2, 2004 12:04am
Quoting Mkcky
I have started getting the feeling that its hard to make profits using trading signals.
Mkcky
Well said. That is the conclusion that many other traders have come to who embark on testing signal providers. I've read that conclusion in more places by more traders than any other single conclusion about signal providers. In spite of those warnings I've tried some myself. The best one was a reseach company who my futures broker had been trading successfully for a year. I got on board just in time to get my account cleaned out below zero. My broker was so embarrassed he covered the shortfall because he had recommended the service. That said a lot to me about his integrity as a broker.

FT
  • #93
  • Last Post: Jan 7, 2012 3:21am Jan 7, 2012 3:21am
Hi

Does anyone have experience with SVSFx broker. They are UK based and trading is automated i.e. no dealing desk. Spreads are not so good. EuroUSD 2pips.

I am looking for a good broker possibly ECN and opening amount 500 to 1000 GBP.

Any suggestion.

Regards,

MS
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