Thanks Niranj maybe you are right in which case ill regret my refund. But that's not the impression I got from there web page. However if you are a long time subscriber then I shall bow to your experience. Pity there method of explaining / showing there pips is a bit naff.
- #83
- Nov 22, 2012 7:41pm Nov 22, 2012 7:41pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Well I'm not a competitor!....wish I was! Do you really not understand the point about how some of us query your deduction of losing pips?
It's not enough to show e.g -20 pips after having hit stop loss. You have to show -60 pips because typically you have 3 TP levels. Get it ? Really I wish you well but slagging off concerned subscribers gets you no where.
I will explain it again and try to clear why we do what we do.
There is no freemarket anymore.Just look back at Draghi and how he promised he will make and shake and he did nothing.Still market rallied.Techs pointed down but a few words unbalanced the market.
Can you stop a raging bull ? No you can't.
Same way we just take high probability trades and keep a low SL.
We do not jump in trades that make no sense and when we open a trade we open it with a calculation of TP's.
Normally we use 3 as this is how we calculate.Obviously we cannot disclose the algorithm behind this but it is all to one pip.If you are checking the Cable thread you will see that when I was trading public 99% of the trades were hitting tp3.
Even the signals sent out hit last tp but time is crucial here.Why hold a trade to TP3 when it can hit BE before that ?
Why waiting 3 days for last tp to hit when you can make more trades that time ?
I recall one trade on GU that made 200 pips in 8-9 tp's.
Does it mean you need to open a trade with 9 lots or 9 trades ? No.
It only means that those are the levels with potential of reversal.
We do however advise you to scale out there meaning to close some of the trade and move SL to BE .
Why ?
Simple,if you close part of your trade at tp1 and trade goes back to BE you will just win.If you move SL to BE at tp1 you will win nothing.If you hit Tp1 and do not move SL and trade hits SL you will only lose.
Out of those 3 we prefer the first one.
To scale out a trade brings nothing but profits.
We do not trade like other companies do just to send out signals and forget about them until either SL or TP is hit.
Just go back to the signals sent out during trial period and for each trade that hit TP1 and later was closed at BE please check the last TP it would have hit without touching SL.
We had complains that we advised to move SL to BE and people missed later the whole move...after trade closed at BE.They might have lost profits but not balance.Market is unpredictable.We keep it slow and steady.
We do not offer nor promise huge amounts of pips for no risk.We offer decent risk for decent reward.
We advise more than simply sending out signals.
Most of the companies out there send out a signal and only come back to say TP reached.They do not care wether the subscriber closed before or not.
All you need to do is find the right way for your account.Wether at TP1 you just want to move SL to BE and keep full trade to last TP or you want to scale out for us is the same.But in long term from my point of view is better to walk out after a BE with some money in your pocket.
The example given with 3*-20 makes no sense.It is logic in calculation but thinking of this it would be same to multiply the tp's
If we have tp1 20 pips,tp2-40 pips and tp3 -60 pips we do not count in the subscription 20 pips+40+60 as in 120 pips total we just calculate 60 as last tp.
I hope it makes more sense all this.
Cheers,
red
