Virtually nobody is making money on Oanda accounts

60% return per year sounds very low to me.

Yes, 61% is much better.

http://fxtrade.oanda.com/trade-forex/fxtrade/desktop

On the bottom right you'll find fxtradepreview file to download. Its an updated version of fxtrade which might be still in beta phase (It works very well for me).
They've added some new timeframes there including weekly.

Enjoy

gh

should have talked to canadians last spring who had their US accounts pulled...

i'll never touch oanda ever again.

Adding the Weekly has been wAy overdue, and one of my main gripes with fxtrade. Thanks for the heads up on 'preview' version. Feel much better about their charting platform already.

Any other improvements worth noting. Having looked around I don't see any other immediate improvements

Regards
livindaylite

http://www.vantagefx.com/platforms/m...er-5-platform/ seems to be the only broker offering mt5 with spreads around 1.5pips and not the ridiculous 3 from Instaforex. In addition they are Australian regulated. There is just one live account on the MT5 forum http://www.mql5.com/en/signals/881/page5#tabs and it shows gain of 27%

If vantagefx allows multiple accounts to be opened then enables the survivalist bias to be exploited by somebody only reporting on his winning
trading accounts but not his losing accounts as is done on the World cup forex trading championships.

http://www.myfxbook.com/members/fxgr...owth-bot/71611 The broker is ThinkForex

http://www.myfxbook.com/community/tr...=2&p=1&o=71149
Broker is The Collective FX - https://www.thecollectivefxglobal.com/ - regulated by Belize International Financial Services and not the Oanda UK regulating FSA or NFA, disqualifying any results form them at the outset. Only NFA and FSA regulated brokers trading results can be trusted. myfxbook should have a dropdown box selecting by regulator. But not even the NFA and FSA can prevent FXDD and FXCM from "winning" their own trading contests or talking to themselves every moth interviewing an Excel spreadsheet (King of the microlot) .

The authors call themselves Ozzy and Dutch, which is not their real names from their site http://tulipfx.com/newsletter-feb-14-2012/ where they
sell their EA.

'Ozzy' must provide his realname and Income tax return. http://who.godaddy.com/whois.aspx?do...rog_id=GoDaddy lists tulipfx owners as private, a phone call will reveal the actual identity of the website owner. If you want to be anonymous use a bitcoin hosting service. One can understand that nobody would want their physical address given out, only to have a few EA purchasers come and knock on your door everyday to discuss trading ideas, we have e-mail for that. Track down the owner of the website and then ask him for his income tax return where he declares how much money he made from selling 10,000 EA's under 200 aliases and how much he much made trading forex.

At the very least a person selling signals needs to identify himself under his real name.
How do we know that 'ozzy' and 'dutch' are not infact https://www.thecollectivefxglobal.com/ ?

A broker controlling his own mt4 server edition, generating trading signals doesn't mean that any of the signals are fake only that the account marked 'real' on the forex publication site is in fact a demo: how could you possibly prove it isn't a demo without an income tax return and price-waterhouse audit?

They could be running one million EA's all marked 'real' and uploading them all to a forex publication site, with a *financial agreement* that a certain % of the EA sales will go to the forex publication site. There is no means of proving that an account marked as real , is actually held by a real person!

Out of these one million accounts - marked real but actually demo - initially lets say only 100 would generate a nice linear equity curve for say 3 months. The actual trading data needn't be fake, but the account status is a fake: it is merely hundreds of thousands of demo accounts running a random hodge - podge of EA's .

After 6 months only 50 survive, 12 months we are down to ten. These remaining ten starts attracting the attention of the forumites because they *survived* for 12 month, surely these must be winning systems! Each of the remaining ten accounts sell their EA for $300 to hundreds of investors, under different aliases, but all controlled by the same person. Two years we are down to only two EA's from the ten, but it becomes impossible for the *survivalist bias* effect to really last longer than this. These accounts start faltering with steep peak- to- valley draw-downs, never attaining their previous high-water mark.

I therefore predict that given one more year
http://www.myfxbook.com/members/fxgr...owth-bot/71611 from ThinkForex cloud cluster
and
http://www.myfxbook.com/community/tr...=2&p=1&o=71149
will blow-up, never to make new highs above their high-water mark.

Then another account held by a broker firm will surface and the same farce is repeated to the same investors. Why would anybody sell
a system that actually works for $500? You would rather manage their funds in a PAMM.

There's definitely collusion, false/synthetic/edited MT4 trade history, etc. It's difficult to prove, but I would take any "returns" you see on the MT4 tracking sites with a LARGE grain of salt. There's a reason those sites are populated primarily with lessor known, shady MT4 brokers and not the big guys.

The only such site I have a bit of trust in is Currensee. With $20M in VC funding, NFA regulation, etc. they're likely not up to the same antics as MyFX, Zulu, etc. Their model is pay-for-performance, not IB rebate/broker-ad driven like the other sites.

If any EA/signal seller on MyFXb, Zulu, etc actually had a winning system/strategy, why wouldn't they put it up on Currensee, become a trade leader, and get paid 15% on all investor profits? Easy money. The reason they won't, >90% of them are frauds (just my estimate).

Wise words...

On 5 Nov.2012 I made the following prediction:


"....I therefore predict that given one more year
http://www.myfxbook.com/members/fxgr...owth-bot/71611 from ThinkForex cloud cluster
and
http://www.myfxbook.com/community/tr...=2&p=1&o=71149
will blow-up, never to make new highs above their high-water mark.

Then another account held by a broker firm will surface and the same farce is repeated to the same investors. Why would anybody sell
a system that actually works for $500? You would rather manage their funds in a PAMM. ..."

http://www.myfxbook.com/members/fxgr...owth-bot/71611 This one finally tanked. That the system was heading for the rocks could be determined by a low adverse excursion ratio. There is no need to follow a system for months to see if it will work. All you have to do is drill down on the Adverse excursion ratio, if it is not at least One, then the system will eventually fail, even if it takes years.

http://www.myfxbook.com/community/tr...=2&p=6&o=71149 This one seems to be going strong.

China has ZERO tax on individual capital gains right now. How about that?

welcome to the world of forex. They only way your gunna get paid is if they all lose.when you hear that 95% of traders lose money, its true. and that 25% number is probably true for most brokers

Over the LONG run , most traders will fail , yes...

Please show me how you would know that 95% fail?
You're just talking nonsense.

I have once talked with a guy who worked at a futures broker, he confirmed that + 95 % of people lose and quit within a year

A bit like the multi billion dollar diet industry then ?

The higher the leverage available , the quicker they get washed out...simple as that

Thats not true. I know I guy, who's sister is dating a Wall St futures broker no less and he told her that 90% of traders fail within the first year.

You my friend are talking out your ...................

He is no longer on line for a while but I saw when I read the first post after I stopped thinking he was bashing due to the name of the thread and changed what I thought that thread name means, that he is actually praising. I am exploring us brokers but am satisfied with the two I use abroad.

I do not understand how my two TPs of 6 pips each were both by-passed. The candle past my Targets by 14 Pips. Can anyone help me with this? Is this secondary to a "widening spread" with the News? I do not think so as I too booth short trades before the Downward and sharp upward move. Luckily, I scalp with a very wide SL and small TPs. Otherwise I would have been stopped-out on top of my TP not being hit. See chart below: