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$10,000 Profit a Month Personal Challenge

  • #201
  • Jan 7, 2017 3:03pm Jan 7, 2017 3:03pm
Quoting MoneyZilla
{quote} Thank you very much, Sir! None of my business, but anyone with that kind of astonishing results, like Mr.Dax30's results, will not need any moneys from traders to trade. IN 7 years he will not know how much moneys are there in the bank accounts of his (if brokers pay his profits, in first place, something very very very very hard to do, on beforehand... brokers hate paying big profits. small profits, maybe... but big? yeah, right!)? I think, Mr.Dax30, by his action with the fund managements, very much reminds me of very great, but quite...
You're right. I don't need other people's money to trade. As I said.....I am not worried either way if people want it. I merely offered chance for people to make money in fx along with my journey.

Most people want to trade by themselves and make money....it's fine but the journey to profitability is much longer than 90% commit to. So this 90% failures feed the 10% winners. Zero sum game at end of day.

People come to fx....expect to trade for living in a few years..it's most unlikely. Undercapitalised.....weak strategy and poor money management. Blow out a.few accounts and go back to their normal life . But without these green traders I can't profit as they fuel liquidity....as I'm eternally grateful for dopey money coming in daily.

I don't care if it's commercial thread or not....it makes.absolutely not a difference to me from a personal standpoint. Good brokers will pay. I withdrew $1.2M from pepperstone. Not a question asked.

I am not being egotistical....merely stating facts that is pure reality.
  • #202
  • Edited 4:53pm Jan 7, 2017 4:24pm | Edited 4:53pm
Quote
dax30

what's min target account balance want ea run mate?
  • #203
  • Jan 8, 2017 2:05am Jan 8, 2017 2:05am
Great tips, how often do you trade?
Trade With Pleasure
  • #204
  • Edited 2:53am Jan 8, 2017 2:08am | Edited 2:53am
Hi Dax, I find the backtesting on MT4 inconsistent and unreliable even with the same exact settings it often gives different results. I wonder what types of testing do you do on your EA. At what point do you feel comfortable to take your EA live trading? Do you have a check list?
  • #205
  • Jan 8, 2017 2:55am Jan 8, 2017 2:55am
Quoting dax30
{quote} You're right. I don't need other people's money to trade. As I said.....I am not worried either way if people want it. I merely offered chance for people to make money in fx along with my journey. Most people want to trade by themselves and make money....it's fine but the journey to profitability is much longer than 90% commit to. So this 90% failures feed the 10% winners. Zero sum game at end of day. People come to fx....expect to trade for living in a few years..it's most unlikely. Undercapitalised.....weak strategy and poor money management....
I don't think that the retail side is fueling the liquditiy.
Invincibility lies in the defence; the possibility of victory in the attack
  • #206
  • Jan 8, 2017 3:22am Jan 8, 2017 3:22am
Quoting BBalazs
{quote} I don't think that the retail side is fueling the liquditiy.
Retail brokers can exceed more than 100$Billion average daily volume combined. That's more than EBS. That's a lot of liquidity.
  • #207
  • Jan 8, 2017 8:36am Jan 8, 2017 8:36am
Quoting Alextrade
Great tips, how often do you trade?
Around 650 trades a month on multi TF trader system.
  • #208
  • Jan 8, 2017 8:37am Jan 8, 2017 8:37am
Quoting mamabear
Hi Dax, I find the backtesting on MT4 inconsistent and unreliable even with the same exact settings it often gives different results. I wonder what types of testing do you do on your EA. At what point do you feel comfortable to take your EA live trading? Do you have a check list?
Hi.
I use data from tickstory. It gives 99% model quality and consistent results in backtest
  • #209
  • Jan 8, 2017 8:38am Jan 8, 2017 8:38am
Quoting saranga
{quote} what's min target account balance want ea run mate?
The free ea will need $500 balance to run 1k lot sizes.
  • #210
  • Jan 8, 2017 8:54am Jan 8, 2017 8:54am
Thanks u reply can u inbox me. I want know how to take ea?
  • #211
  • Edited 8:02pm Jan 8, 2017 3:44pm | Edited 8:02pm
Quoting dax30
Hi All, I wish to give a new 2017 EA gift to all subs. EA is called ATR, based on momentum defined by ATR increase on 4 hour bar. Backtest: http://www.myfxbook.com/strategies/d...py4hour/112190 If you move to bottom of backtest you can see monthly pips, see attached screengrab. Same settings since 2011. No over optimisation, this stand the test of time. Not win every month, but will win every year. Nearly 8000 pips since 2011 on GBPJPY only. Works on 4 hour GBPJPY best, 4 hour GBPUSD next. User can play with settings. I will load...

I have been a lurker since the thread started. At first I was skeptical as I am with all new threads with extraordinary claims. But gradually I became convinced that the OP was for real. Then my spidey senses were raised when the ATR EA was offered with no strings attahed and the managed money service was announced.

I decided to do some digging and see what turned up and was completely astounded when I found than there is a commercial product called F7System and that it has identical parameters to the ATR EA (see image). By that I mean the spelling is the same and the parameters are listed in the same order. I guess it can't be a ripoff because a good ripoff artist would try to hide his tracks by adding/deleting some parameters and changing the wording of some. So my conclusion is that the OP is somehow connected to F7System and this is some kind of introductory offer. By the way, F7System costs $199 per 3 months.

Perhaps there is some innocent explanation and I am willing to consider it if the OP cares to respond.


EDIT
Here is the link for F7System MyFXBook.

http://www.myfxbook.com/strategies/gbpjpy15min/104842
Attached Image (click to enlarge)
Click to Enlarge Name: f7compare.jpg Size: 64 KB
  • #212
  • Jan 8, 2017 10:43pm Jan 8, 2017 10:43pm
Quoting CodeMeister
{quote} I have been a lurker since the thread started. At first I was skeptical as I am with all new threads with extraordinary claims. But gradually I became convinced that the OP was for real. Then my spidey senses were raised when the ATR EA was offered with no strings attahed and the managed money service was announced. I decided to do some digging and see what turned up and was completely astounded when I found than there is a commercial product called F7System and that it has identical parameters to the ATR EA (see image). By that I mean the...
Yeah I coded an EA for a commercial group who since liquidated who approached me a year ago.
So might as well give it out free now.
F7system was never launched I don't think..
If I wanted to hide the connection I would have changed the named parameters.
  • #213
  • Jan 9, 2017 12:01am Jan 9, 2017 12:01am
Thanks for the reply and the restoration of confidence. .

F7systems seem to be a viable ongoing operation from their website and have active since late July 2016. I can verify that for certain by contacting them for info and will let everyone on this thread know.

I am also a contract software developer. Just a word of caution - copyright is usually retained by the company unless otherwise agreed. That right extends forever even if the company no longer exists. If they failed to pay you in full, then you might have an argument. At least thats how it works on this side of the Atlantic.
  • #214
  • Jan 12, 2017 1:46pm Jan 12, 2017 1:46pm
Quoting dax30
{quote} The free ea will need $500 balance to run 1k lot sizes.

where can we find it?
  • #215
  • Jan 12, 2017 8:09pm Jan 12, 2017 8:09pm
Quoting Liquidsnake
{quote} where can we find it?
Dax sent it to those who subscribed, but I am hoping he resents it since I was on vacation and just returned yesterday and was following the thread
  • #216
  • Jan 12, 2017 9:36pm Jan 12, 2017 9:36pm
Looking at the trades on tradview and pepperstone most are at a loss. OP averages 650 trades a month with most a loss. What is so impressive about it? So far no viewers hasn't learnt anything from his trading methods except dangling a carrot of 10k per month.
You came here for the truth and let me unveil it for you
  • #217
  • Jan 12, 2017 11:55pm Jan 12, 2017 11:55pm
Well, does not look like this will stand the test of time. Will see how it plays out but month 2 and most accounts almost blown and 1 starting to turn bad.... Is this the inevitability of trading forex?
  • #218
  • Edited 4:21am Jan 13, 2017 4:09am | Edited 4:21am
looks like 3 of the 5 accounts closed because of the big losses (maybe he dont have the money to fill accounts again after the very big drawdowns or ig markets its not the broker he likes), and account 1 and 2 can be killed very fast with so many orders open at the moment same time. even with a bigger gap over the weekend or fast marketmove event the account balance can go fast in negative and needs to be payed the minus too. such trading in accounts looks like a crazy risk with not possible to calculate how big the minus will be. its extrem dangerous to invest in such a strategy, if there is such a big kill account chance and even a good chance for payment a minus over the initial balance.

he is trading this style with risking only small part of his money (with big money in the background), so that after paying negative balance (when can happen) is still not to bad all in all. if there is big money in his background or only told story, thats unimportant, its only way to to invest in this style , to compensate the extrem drawdowns and account over kills in negative balances (when will happen). but maybe pepperstone and ig markets and tradeview dont let people pay negative balances, then this problem dont exists and you need only to manage the extrem high drawdowns, that happen very often.
  • #219
  • Jan 13, 2017 10:33am Jan 13, 2017 10:33am
I'd like to finally see a consistent profitable trader so I am rooting for Dax to recover the losses and gain the green pips back.
  • #220
  • Jan 13, 2017 11:36am Jan 13, 2017 11:36am
Me too. I want to see Dax win. I think too many distractions by those bad mouth people for the last two weeks. it would affect my trading.
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