Don't waste your money

Hey Guys,

If you have money to waste then go give someone to do FX autotrading. if this systems were so profitable as they claim to be why would they be offering them.

Do you hear Successful Hedge Fund managers offering their Profitable Systems for personal trading. !!!!

I have been doing FX Autotrading myself with Advanced Neural Networks and making a very good living from it. When you design or create your own system then you know the drawbacks or drawdowns and its shortcoming. You can re adjust it anytime you need to. The Problem with the FX Autotrading systems offered is that you don't know what is under the hood. It might be total Garbage or not.

Hypothetical Results are not real world results and remember almost every Mechanical trading system fails after a couple of months.

The systems are offered on the promise that if a lot of people subscribe to use it then the Developer will be a millionaire but what is the risk ? It is you loosing your entire account because you got no idea what is under the hood other than a couple of screenshots and hypothetical results plus live historical results.

Note. Any Mechanical Trading System can look very good on the Charts but in real world with high volatility Markets it wont even survive, if it does look at the results and see for yourself.

Navyseal,

"We rule the Night , Get in undetected and get out without a trace -- The Ninja Omerta in Forex Trading "
 
Please review my previous post. I have had over 50% returns since the end of September. The system I use is discretionary.


Quote from navyseal:

Hey Guys,

If you have money to waste then go give someone to do FX autotrading. if this systems were so profitable as they claim to be why would they be offering them.

Do you hear Successful Hedge Fund managers offering their Profitable Systems for personal trading. !!!!

I have been doing FX Autotrading myself with Advanced Neural Networks and making a very good living from it. When you design or create your own system then you know the drawbacks or drawdowns and its shortcoming. You can re adjust it anytime you need to. The Problem with the FX Autotrading systems offered is that you don't know what is under the hood. It might be total Garbage or not.

Hypothetical Results are not real world results and remember almost every Mechanical trading system fails after a couple of months.

The systems are offered on the promise that if a lot of people subscribe to use it then the Developer will be a millionaire but what is the risk ? It is you loosing your entire account because you got no idea what is under the hood other than a couple of screenshots and hypothetical results plus live historical results.

Note. Any Mechanical Trading System can look very good on the Charts but in real world with high volatility Markets it wont even survive, if it does look at the results and see for yourself.

Navyseal,

"We rule the Night , Get in undetected and get out without a trace -- The Ninja Omerta in Forex Trading "
More...
 
Sites such as Collective2 or this AutoFX firm are inherently flawed and should be avoided. I thought this was obvious but to the most gullibe people. There is a hughe conflict of interest, since these firms live of kickbacks based on their clients trading volume, and as such have a big interest in making their published systems look good in order to get more clients. Hence, it stands to reason to assume that they cover up technical difficulties(those apparently happen quite often) or even bad performance in the reports on a regular basis. There are lots of threads all across the internet about this.

Do not believe in doctored performance reports by firms whose goal is to sell signals or collect volume kickbacks. Do not let your account trade by signal-sellers that are completely anonymous and and have no liability whatsoever.
 
Designing systems is difficult because designers don't know when they have something that is actually random. Further, they can have coding mistakes in their backtests that make them profitable until they hit the real market with them.

Look at the following equity curve generator

http://www.hquotes.com/tradehard/simulator.html

Just change the "Lines Qty" setting to 100 and generate 100 equity curves with a random system.. .wow some big winners, some big losers... even if people say that a system is working great for them, forget it, it could be entirely random but they happen to have one of the good equity curves... same goes for a backtest, it could just be hitting the trades in the right order to generate a great return but in truth be an entirely random system..
 
Quote from maxpi:

... it could just be hitting the trades in the right order to generate a great return but in truth be an entirely random system..
More...

Yes, it could be.

But the more trades the claim is based on (especially, real trades, and even "forward test" sim trades, rather than backtest), then the more confidence one can have that it might not be random.

Based on 50 trades? Could well be random.

Based on 5000 trades? Good grounds for supposing it's probably not random.
 
Quote from maxpi:

...it could just be hitting the trades in the right order to generate a great return but in truth be an entirely random system..
More...

Trading systems are evaluated based on real returns, not backtests. Backtests are used to reject systems (hypotheses), NOT to confirm them or evaluate them. If you understand this, then you will also understand that trading is all about applying in real life the hypothesis that has the least probability of being rejected in the future along with proper risk management. I agree that this is hard to do, but your arguments are irrelevant to trading and expecially that random generator game your pointed to. They are made by people who have never made a real effort to come up with high probability systems and apply them the right way.
 
Quote from Pippi436:

Sites such as Collective2 or this AutoFX firm are inherently flawed and should be avoided. I thought this was obvious but to the most gullibe OUCH people. There is a hughe OUCH conflict of interest, since these firms live of OUCH kickbacks.
More...

besides the fact that the poster is paranoid and grossly misinformed, is the need for typing/spelling lessons.
 
Quote from TraderZones:

besides the fact that the poster is paranoid and grossly misinformed, is the need for typing/spelling lessons.
More...

Sorry for the typos, i'm sure your foreign language skills are top notch.

So, these firms do not have an interest in selling signals or customer trading volume? Maybe you could share your special insight on their revenue model then.
 
Quote from Pippi436:

So, these firms do not have an interest in selling signals or customer trading volume? Maybe you could share your special insight on their revenue model then.
More...

The onus rests on the person making a claim about the companies. You apparently have (highly flawed) insight, and thought it was somehow intelligent to rant about something you had no way of knowing...

To quote: since these firms live of kickbacks based on their clients trading volume
 
You must log in or register to reply here.
Back
Top