Banned again- i keep asking the right questions

Hi, All

I have been banned again from another thread for asking simple questions that anyone who was honest would answer or perhaps they don't like being challenged by some one who has being trading for decades...

Make you minds up, guys....

MT

List

TQforex

Horliques Million thread

Here is the banned list..........................

Brainbox.I.AM 2015: The Steady Monthly Income Adventure!

And here you are again trying to misinform people.

I understand that you see yourself as some kind of solo-crusader against scams in the hopes of helping newbies et al out. What I do not agree with is your REFUSAL to adhere to the rules of our thread; your refusal to go through the PROCESS we have put forth.

mytrader1961, you asked a question and we responded accordingly. You re-asked the SAME question and AGAIN we reminded you that that question had already been dealt with according to our process. THEN you put out a "warning" where you alleged that we were "dreamers with demo accounts!"...

Please NOTE that all of the above occurred in spite of the FACT that we had mentioned that our Live accounts receive signals from the Master Demo account AND iprofittracker images posted for comparison to show that the disparity between Live and Demo were HIGHLY negligible.

Why do I (personally - I stand corrected) believe you are a mischief maker? Simply because at BBIAM there is NO pressure to join us, pay us, use our signals, etcetera, etcetera. We do not believe in Backtests or the like. We simply say: WATCH our Master Demo Account attached and IF you like what you see (over time), decide for yourself if we are worth all the hullabaloo, hoopla or not.

So mytrader1961, do not come here and say "I have been banned again from another thread for asking simple questions that anyone who was honest would answer" - that is MIScharacterization and it is untrue. At BBIAM we are NOT dishonest (on post #1 everyone can follow our history if they care) and as we have stated severally on our thread, we are not multilevel marketers who require a HORDE of clients to survive or make money and we state our reasons for setting up the Brainbox.I.AM 2015: The Steady Monthly Income Adventure! thread.

If you are as altruistic in your intentions as you try to portray mytrader1961, then ALL you need to do to be eventually vindicated in your "claims" about us is simply to Watch and Wait. Ya dig?

Have fun with your latest smear thread.

Regards,

Ty

Don't worry. I hope one day FF moderation will improve the commercial section by requiring verified real performance.

Thanks,, Unabletrader

I don't think any of us has got an issue with transparency!

MT

Yes Unabletrader and mytrader1961,

Let's hope that FF admin does that. Until then our process is OURS - not to be changed by force via mild or implied "blackmail" (using "you have been warned" highlighted in red).

And, by the way mytrader1961, "transparency" is NOT what's on issue here - stay on point. It's your REFUSAL to follow protocol. We have our reasons for choosing NOT to provide Live Account details at THIS stage and we told you why on our thread:


Those who CARE to know how this ALL went down can read it all on our thread there (This was the FULL reply to mytrader1961's 1st question): http://www.forexfactory.com/showthre...37#post8163837


Regards,

Ty

Hi, folks

Well, I have got banned for asking the right questions again. This time it is TQFOREX.

All the usual crap spouted, no proper proof of anything. Noobs - you have been warned.

MT

Banned again from horliques 5000 to 2mill thread !!!!!Another scammer!!!!!!!!

yes.....be extremely careful with tqforex......here is an excerpt from another forum:

However looking at the myfxbook this morning, looks like the provider is on a one way streak to oblivion - just like in his past incarnations (forex20, jazzforex)

This is what he posted in post number 121 of the below link: "But I have decided to revert back to old target size of 50 and 100 pips respectively per trade and also the lot sizes go back to 2 lots per trade."

http://tqequity.com/forum/showthread.php?tid=1&page=13


Yet when you look at his myfxbook for yesterday, he traded two EURJPY trades with 4 lots each which caused the bulk of losses for the day. He was trying to make up loses by over trading again. How on earth can you trust someone who breaks their rules after just one day? All his previous reincarnations were similar, they would experiment on subscribers live accounts and change parameters without warning anyone and they would continuously break their own rules.

And look at the irregular lot sizes. He makes money on small lots yet when he doubles up lot sizes and looses, this wipes out all the profits made on the smaller lots, this risk/lot management is a joke.

In the above link (post 123) someone commented that yesterday (26-May) he was up 6% for the day only to ends the day down 4%. Can you tell me this is sensible trading?

Look at equity now. From a high of $113,629.38 on 1 May to 69,895.42 on 27-May (as at time of writing). A drawdown of -38% inside of 1 month. And he claims risk management is the backbone of his system, what a joke.

This is not a seasoned trader. He commented himself that he tried trading live money and lost so now does not have the nerve or the finances to trade a real live account. Yet he expects subscribers to trust their money to his trading. Why should they when he can't even $1000 of his own money and he clearly does not have the psychology to stick to his own rules.

I can 100% with certainly state he already has a number of other demo accounts running and when this one blows up, he will re-introduce the other successful demos under a new service provider name.

I still maintain, forex20, jazzforex, and TQ are all the same. When each of the previous ones failed, a new named service provider came along where the system was identical as was the trading style and the location (paypal to India).

In conclusion, be very wary of any service providers that operate out of India and charge $300 per month yet trade demo and claim to have an automated algo running of ninja with a bridge in to MT4. And always ask for at least 6 months of a live trading account.

Not able to post on Scalper king as need high impact indicator - ' Worried about something, scalper!!!!Worried about all the good traders asking questions!!

MT

Scalper king - what has happened to your account?

You do have that right.

Just as other members have the right both to comment on it (yes, I know the issue here related to how people choose to do that, and I'm not taking sides), and indeed to draw our own conclusions from it, if we choose to.

Meanwhile, Unabletrader is quite right to point out that the entire contents of the commercial content folder would have far more credibility if evidence of verified real performance were required. There'd be a lot less of it, though.

Demo accounts and real accounts are the same as long as they use the same low/realistic $ amount. I use demo and mirror it to real accounts. There is absolutely no difference. People act reckless and take risky trades when they use an "unrealistic/high amount' demo account.

There is so much you can do with a $1000 demo account.

Now that's out of the way. The real problem I see around here is that people focus on "% gain" nothing else. Things newbies need to pay attentions to :

Maximum open trades

Martingale/grid systems are the most dangerous/risky strategies out there. It tells you that the trader adds to their losing position in order to average down their entry price and 'hope' for a comeback. That's a disaster waiting to happen. 10-30 open trades mean the trader has been wrong that many times and trying to average down. Trader with more than 2 open trades on same pair IS a time bomb waiting to take you out. STAY AWAY!

DD (Draw down) and Floating Loss

Most important piece of data about a traders strategy. It tells you how a trader gets his almighty "%gain" . Back story so to speak. Higher the number, bigger the risk. It's quite common among 'bad' traders to keep their losing positions open and hope for a return. That's when a high amount demo account helps. They can ride out the storm but if you're following the trader with real money, chances are you already got a nice margin call. Pay attention the "demo amount" the trader is using. Again, so much risk you can take with a $1000 demo account. A 40%DD or a 300pip floating loss can easily take out any small trader following the provider.
His "unlimited demo funds" help him ride out the storm and make a comeback and get out with a profit even. All while you get a margin call.

Key to finding successful traders :

- demo(low $ amount)/real account with verified track record
- 10 weeks of trading minimum
- Less than 15% DD (draw down)
- Maximum open trades at a given time : 2
- 70% winners ( 7 out of 10 trades are winners)

Anybody else you shouldn't even think about investing money with.

Bump! This scalper king is definitely trying to scam people. Avoid questions/doubts, never pay attention to details, and how do someone named himself a scalper king and a professional trader let his trade run for 200+ pips loss for 7+ days. It's just some scammer got lucky 1 month with high leverage trying to scam someone's else money.

And next, never buy a signal that are for scalping, because you will not get the same results.

http://www.forexfactory.com/showthre...71#post8325071

I'd say 30 weeks and 150+ trades.



Not quite so sure about that one, but I agree that it should be a small number, and more specifically the maximum number on any individual instrument should be 1.



Here I disagree.

Books such as Van K. Tharp's "Trade Your Way to Financial Freedom" explain in some detail, and with examples, why trend-following forex systems with overall success-rates below 50% actually tend, overall, to be more stable, secure and successful than those with success-rates above 50%.

My own most successful methods have success-rates around 30-35% (and decent reward-to-risk ratios, of course).

I'd be happier, in principle, to follow a system with a 35% win-rate than one with a 70% win-rate (provided its overall results are profitable, obviously).

I think the criterion you suggest above may, therefore, exclude some of the best methods. I wouldn't be making a living at all, if I applied that criterion to my own trading, and I strongly suspect that that's also true of most (perhaps almost all) professional traders. (It's certainly true of the ones Jack Schwager interviews in "Market Wizards" and "The New Market Wizards").

The percentage of winners, in itself, isn't what matters: it's the bottom line that matters.

A system with a 35% win-rate and overall risk-to-reward of 1:3 is far more profitable than one with a 70% win-rate and overall risk-to-reward of 1:0.8, and (for all the practical trading reasons discussed and explained by Tharp and other authors) the former may well also be more robust and sustainable.

+1

We agree to disagree.

If you look at my post again you'll see the section I talk about "DD" and why it's very important. Low DD and over 70% winners prove that the trader knows what he's doing. Knows when to enter and when to exit.

35% winning system is a losing system. Only 35% of your trades are winners, rest are losers. But the trader is such a great trader that he can't pin point the winners but manages to cut his loses quick and let winners run which by itself is an old wall street fairy tale.

Someone investing with you will have to face tons of losses and few big winners in between. That's not good portfolio management from a client's point of view where monthly and quarterly returns are very important. You had 7 losses and three winners and you're putting all your hopes of dreams to recover and make a profit in those three trades right before the month ends. Not to mention 35% winners will look bad on any performance chart no matter how good your money management is. I believe myfxbook autotrade has a 65% requirement and I think it should be even higher.

Since apparently you've never taken the trouble to read an introductory book like the Van Tharp one I mentioned above, or Tushar S. Chande's books, or Martin Pring, or any other standard, introductory textbook, all of which discuss at length and in detail exactly why this widespread, naive assertion is so deeply mistaken and fundamentally flawed in its approach, we'll have to agree to disagree, as you suggest.

Xela,

I have read Van Tharp and he is spot on. Trending trading overall is a more stable system than others, however, I am biased being a trend follower.

MT

XELA,

for trading history, I think there should be at least 12-24 months of history. Why? The market moves in periods of trending, consolidation, especially over the summer months and last year was a year of record low volatility. A trader needs to trade through these cycles and changes in the market to prove they and their system can adapt and also recover from one of multiple drawdowns.

A good number of traders got caught with big drawdowns last year due to lack of volatlity. There are never opportunities to sit back and think you have it sussed because could always be a surprise around the corner!


MT