You think you are good enough to analyze what system is this??

http://www.myfxbook.com/members/zhuwei/millet-dad/26630

Looks like a manual system as he stated. But damn he has open orders since 2009 and he take opposite orders to them!

Basically, he takes very few losers. He holds them forever, hoping eventually they will bounce back. As you will notice, all those open trades from last year are NOT winning trades.

Systems like these get pumped up in a market that ranges just enough to not blow out your account. Take profits, take profits, hold losers till they come back. P/L goes up over time, but you are holding some losses.

If you figure his equity right now (value of account considering his open positions):
you will be disappointed.

Quick calcs upon initial inspection:

He has 6100 units of EUR/USD at an avg price of 1.38 ish.
he's out 1000 pips on 6100 units which is approx $610.

I didn't figure to calculate the GBP/USD, AUD/USD, or AUD/JPY.
So his real account value if liquidated can't be more than $80, but it must be even less than that.

Forexcube, who is now in the commercial forum, does stuff like this all the time on demo. Starts 5 accounts, pumps them like this on the short term, 4 blow up in the first couple days, then he posts the 5th that hasn't (not showing the others), and it looks amazing +50% over 5 days...stuff like that.

The reason his P/L has flatlined for these past months, compared to the amazing gains previously is most likely after his big down day around 9/11, he has no more margin to play with to open new positions until some of these losing trades turn around.

You see the total profit, but you don't see the total LOSS yet, because of all the losing open positions.

Lately, he just has many 5 or 10 unit trades, whereas previously he was in the 150-200-500 unit range. (hence very little margin left, I believe)

Just my 2 cents

Nice , where are your vouchers ?

Hi,
Intu is right , I agree with his comments because I have been using similar system 1 years ago when I began to start learning forex
These system like this one can help you have a VERY NICE HISTORY STATEMENT with almost 99/100 winning trades , but 1 big losing trade take all profits and make your account disappear
@Brb-Fraudin : You can check His open trades , he have 18 open trades , most of them are buying EU , so is he profitable ??? nope , he's keeping his losing trades because EU is going down haha
Regards

Agree with Intu.

Whoever this guys is will soon get a margin call. Or go bust.

hence he doesnt show his equity ...

These forums need more people like you to clear up the nonsense for those that are wowed by numbers or appearances. Great job. I'm glad to be the first of many vouchers.

Cheers.

Thank you very much for the vouch Shamus!

Yeah... Oanda accounts on Myfxbook have one drawback, they don't show current equity. That can lead to some pretty misleading results.