The Daily Mint System | Forex Factory

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The Daily Mint System

  • #1
  • First Post: Edited Sep 12, 2011 4:35am Jul 1, 2011 2:29pm | Edited Sep 12, 2011 4:35am
See how well this system is performing here>>>


Welcome to this thread dedicated to my Daily Mint System (DMS).

This system is suited to those traders who already have a 9 to 5 job and just need a set-it-and-forget-it system or long term traders. As it is obvious that this is a commercial section of Forex Factory this thread seeks to market my system at a reasonable price.

More details regarding this system can be found in the attached pdf. documents so I would advise downloading all and reading before asking questions. All questions should be posted on the thread and I will endeavour to answer those that don't violate my rights to the secrecy of the system..

Just for the sake of clarity I will state here some of the characteristics of this system:



1.The system is based solely on a daily time-frame.

2.I trade only one pair of currency using this system.

3.It has a yearly performance that ranges from 250% to 6,000% profit.

4.It is a very simple system to learn but requires consistent practice (through observation) to perfect the art of trading with it.

5.The system is suited for long-term trading only.

Have a read through the accompanying documents and if you are curious enough you can contact me via the details on the Registration.pdf file.

*Edit* (02/07/2011)

I am attaching some statements in jpg. format (in zip folders) for proof that the system works. I have also included a spreadsheet of my back-testing the results (manually) as well.

Apologies for making the statements of jpg. format but it was necessary so as to ensure I don't divulge too much information prematurely.

Brgds.
Attached File(s)
File Type: pdf Course Contents.pdf   392 KB | 342 downloads
File Type: pdf Introduction (pdf.).pdf   220 KB | 353 downloads
File Type: pdf Registration.pdf   207 KB | 469 downloads
File Type: pdf Qualifications.pdf   383 KB | 336 downloads
File Type: zip Statements.zip   810 KB | 254 downloads
File Type: xls Results.xls   102 KB | 320 downloads
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  • #2
  • Jul 1, 2011 10:25pm Jul 1, 2011 10:25pm
Quoting ajantala
3. It has a yearly performance that ranges from 250% to 6,000% profit.
For starters, Where is the proof for this ? Without this, no one would be willing to shell out that kind of money. Sorry to be blunt, but you took all the time to create those pdfs , but there was no actual information that an informed trader could take away from those and make a decision one way or the other about buying your system.
  • #3
  • Jul 1, 2011 11:25pm Jul 1, 2011 11:25pm
Quoting bravester
For starters, Where is the proof for this ? Without this, no one would be willing to shell out that kind of money. Sorry to be blunt, but you took all the time to create those pdfs , but there was no actual information that an informed trader could take away from those and make a decision one way or the other about buying your system.
I will post recent Statements (both Live and Demo) on the thread soon as well as a spreadsheet that shows my back-tested results for the past 5-6 years. I will however edit some of the views to protect the secrecy of the system.

Someone else sent me an email asking for a discount as well becasue the times are hard. The truth of the matter is the times have always been hard but we still have money to buy stuff we don't need! Unfortunately this price is non-negotiable and non-refundable.

PS:The only way I will refund back is if you can prove to me that the system doesn't work for you after trying it out consistently for at least 6 months.
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  • #4
  • Jul 2, 2011 12:35am Jul 2, 2011 12:35am
I have posted the statements and spreadsheet has promised.

Again I apologise for the loss of quality in the jpeg. files. I had to export the edited statements into a picture format to make them un-editable.

Brgds.
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  • #5
  • Edited Jul 6, 2011 3:07am Jul 5, 2011 8:16am | Edited Jul 6, 2011 3:07am
I have decided to create an more controlled version of the Daily Mint System and have added it to my Trade Explorer page visible above this thread (for your viewing pleasure :nerd:blush:. I am doing this for the benefit of those who need more proof.

This version definitely would not give you as much profit as you would experience using the real DMS but worth some profit I'll think. The drawdown of using this is that you will at one point or the other make a lot of losing trades.

Lets go...

PS: The demo account for FXDD automatically times out after 3 months but I will be getting this extended indefinitely if need be to prove how well this system too could be in the long-term.
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  • #6
  • Jul 8, 2011 4:09am Jul 8, 2011 4:09am
EUR could be resuming it's downtrend again with the sharp selling that started this morning. The buying that occurred yesterday must have been triggered by a fundamental news but I do not bother myself over that because this is based on a purely technical method and fundamental news effect most times don't last for more than a day. Either ways the present trade on EU has been locked in with 80 pips profit making a total of +180 pips. Not too bad for starting a trading week I'll say.
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  • #7
  • Jul 11, 2011 3:27pm Jul 11, 2011 3:27pm
Oops! Now its locked for +230 pips instead. Hopefully EU would be ranging tomorrow so I could capture some more pips.
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  • #8
  • Jul 13, 2011 3:07am Jul 13, 2011 3:07am
Now you see why no other strategy beats trend-trading in terms of efforts to return ratio. Just one trade and I am up by ~500pips!. A rule of thumbs for me is that when my trade is lasting for more than 3 days then I definitely would be ending up in profit no matter what.

Now we wait patiently for the next setup which might be today, tomorrow or much later.

I know you are there and I know you are secretly monitoring this and I know you are asking, 'Is this kind of profit sustainable?' But I've got news for you broda/sista...Yes it absolutely is as long as you know how to reduce your losses...even on a long-term trade.
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  • #9
  • Jul 13, 2011 6:49am Jul 13, 2011 6:49am
I have recently moved the live performance of my system to fxbook instead because FF's Trade Explorer does not support making your trade history private. Just taking necessary precautions against system hackers.

Please click on the link at the top of the page to see my system's performance.

Namaste!
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  • #10
  • Jul 14, 2011 3:29pm Jul 14, 2011 3:29pm
Missed a trading setup today 'cos I had been up in the air. I don't think there would be any more trades this week so let's wait patiently till next week mates!
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  • #11
  • Jul 20, 2011 4:55am Jul 20, 2011 4:55am
I will be posting my weekly demo results for the DMS (when I can) here as well to show a kind of comparison between the two systems. IMO I think the MDMS would give a lesser drawdown than the DMS but not as profitable.

Please ignore the 74% relative drawdown as it does not reflect the true drawdown of the system, I was carrying out some revenge trading hence that result. The 50% maximal drawdown is more appropriate since I started trading using the DMS.

The account is approximately a year old so in line with the claims of this system a profit of +500% in a year is not too bad is it?
Attached Image (click to enlarge)
Click to Enlarge Name: fx.png Size: 25 KB
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  • #12
  • Jul 25, 2011 12:21pm Jul 25, 2011 12:21pm
I am going to add another pair to my trading using the MDMS. I am trying to see if I can get more profitability like the DMS with lesser drawdown still. Could double my account every 1-2 months on average.
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  • #13
  • Jul 29, 2011 9:50am Jul 29, 2011 9:50am
I hate it when I do this but I had to restart the demo all over again. Might have to do this until I perfect the MSDS. Made some bad calls and the drawdown is beyond what I wanted with the present profit.
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  • #14
  • Sep 20, 2011 4:41am Sep 20, 2011 4:41am
Now that I have made some money management alterations I guess the MDMS is now ready to go.

However, I would like to make a call right now although I have already taken the trade since yesterday...there is a gap between last week's closing price and this week's opening price on the EURUSD and if you have been trading enough you would know that ultimately all gaps would be filled, Why? I dunno but it just happens sooner or later so I have a buy order presently with the TP at last week's closing price but no SL.
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  • #15
  • Sep 28, 2011 6:11am Sep 28, 2011 6:11am
Quoting ajantala
Now that I have made some money management alterations I guess the MDMS is now ready to go.

However, I would like to make a call right now although I have already taken the trade since yesterday...there is a gap between last week's closing price and this week's opening price on the EURUSD and if you have been trading enough you would know that ultimately all gaps would be filled, Why? I dunno but it just happens sooner or later so I have a buy order presently with the TP at last week's closing price but no SL.
Just as predicted, TP was hit before EURUSD made a U-turn downwards for the tumble some days ago.
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  • #16
  • Sep 28, 2011 8:11am Sep 28, 2011 8:11am
Quoting ajantala
I hate it when I do this but I had to restart the demo all over again. Might have to do this until I perfect the MSDS. Made some bad calls and the drawdown is beyond what I wanted with the present profit.

Now that I have made some money management alterations I guess the MDMS is now ready to go.

You want $999.99 for a system where; 1) drawdown has exceeded 74%;
2) you have reset your demo to show better numbers; 3) you GUESS that your system is ready to go; 4) Money management alterations are crucial for potential success; and, 5) you provide no indication of the system except that it is D1 timeframe.

If you are serious about trying to get people interested in this then you will need a writeup. For example you could rely on martingale techniques and there are a whole raft of traders (including myself) who will never look at martingale systems. Is this a trend only system? Does this system rely on indicators or price action only?

You can provide this information without providing your secret sauce.

I don't have issues with someone selling their trading technique so they can ramp up their own trading capital so they can trade larger. That makes total sense to me but you are asking for such a leap of faith that I would tell anybody that I knew to stay away.
  • #17
  • Sep 28, 2011 6:12pm Sep 28, 2011 6:12pm
Quoting ajantala
I have decided to create an more controlled version of the Daily Mint System and have added it to my Trade Explorer page visible above this thread (for your viewing pleasure :nerd:blush:. I am doing this for the benefit of those who need more proof.

This version definitely would not give you as much profit as you would experience using the real DMS but worth some profit I'll think. The drawdown of using this is that you will at one point or the other make a lot of losing trades.

Lets go...

[i]PS: The demo account...

Hi Flyer,

Actually all these problems you mentioned are true for the controlled version of the system I use to trade but not in the real system. I was just trying to create a similar system that would give good but not great returns to show what is possible with the real system.

I decided to have this done based on the feedback I got that one would need proof before he/she can commit to buying this system.

Please view the link on my first post that directs you to the myfxbook stats page.

I understand what you mean about giving a hint on what technique I use but really I don't know what technique to classify it as because it's just a basic system really but one which works very well. Howbeit I would say, it makes use of no indicators, makes use of 1D and 4HR TFs, and the major ingredient that makes this system work are major areas of reversals that have proven overtime to give a 80% win accuracy.
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  • #18
  • Oct 11, 2011 6:38am Oct 11, 2011 6:38am
I dare say that the MDMS is getting as profitable as the DMS and even better too because of the smaller drawdown. The best of both worlds really... maybe I should make this a money management deal instead 'cos this system is kinda priceless!

Check out the link to myfxbook on the first post will ya?

Or you may just click here http://www.myfxbook.com/members/dexterous/mdms/152455
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  • #19
  • Oct 16, 2011 6:47am Oct 16, 2011 6:47am
Looks like we are set for another move on EURUSD either way this week. I am already locked-in for a 200 pips profit from last week (my longest trade so far going to more than 7 days now!).
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  • #20
  • Last Post: Edited 11:56am Oct 23, 2011 11:44am | Edited 11:56am
Had only one trade on EURUSD last week for 60 pips no thanks to the miserable ranging market however, I suspect the market is ready for a major move this week or the next. I already have a buy at +25 pips from last week and would definitely close it if the markets opens with a gap later this evening.
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