Originally Posted by elektrance
Allright Chukky thanks anyway for giving a stepforward and discussed a bit this system here in this forum, unfortunately you were the only one that minded to do that. I was hoping I could get more feedbacks.
Considering the price, it is understandable that few can review this software ! Those who have the money are already trading just fine, thank you and have no need for it and those who dont have the money have a long way to go in the learning curve and the accumulation of the money, methinks ! Unfortunately for the originators of the program, those without the money now, who are capable of building their accounts to being able to afford it, will then be in the FIRST class of traders -- they wont need the program !
I really hope that after all the trouble you had in your life you can now enjoy it with forex on your side. Sincerely this is my wish to every trader but we all know that only 5% of us manage to do it. Why? Emotions. Lots of systems are good, but fear and greed destroy them.
[i]It is my experience, and the brokers pleasure, that the reasons so many blow their accounts contains a few concepts. First, WHO ordained that every system and everybody can make forex work for them --- is there a guarantee that comes with a trading account that I missed when I opened mine 6 years ago ? The ONE overriding factor that blows accounts is the inability for the unwise to handle the drawdowns that are produced and an ancillary situation is the use of stop losses, which certainly will exit a position on a drawdown, often destroying a new account quickly, BUT VERY INCORRECTLY as invariably that position goes on to profit just down the road ! Considering my feelings for profit reads that EVERY newb should trade WITH the trend ONLY, I will face that some do not and my best wishes go to them and their quickly reducing trading account (if you have to learn ONE thing, learn how to determine TREND !!!!!!!!!!!), but IF ONE DOES, then NO trade with the trend is a bad trade, only a delayed profit taking one !
The concept is easily proveable by simply charting your position, noting where you were stopped out and then seeing where the trade went in a day or two ----- sorry, but I take NO happiness from watching you KICK yourself for getting out of the trade ! Another situation that proves the theory is the VOLITILITY and RANGE of each candle these days --- the banks are really moving the currencies around, BUT THE TREND IS ALWAYS YOUR FRIEND, because no matter what the banks do intraday, the currencies are moving in the direction of the trend, and even after dips (which can be violent), lo and behold, the currency HAS RETURNED TO TREND AGAIN !!!!
I state this because NOTHING kills profits by using an EA more than a stop loss, set out of fear and not knowledge !
In the world, no moe than 100% of a certain group can be occupied in, and successful at, "something" ---- perhaps the 5% you mention IS the 100% who are good at it and the rest should understand theres simply no room for them and stop thinking there is "something" in forex that can make one rich quickly ! WHERE ON EARTH IS IT WRITTEN THAT SOME KID WITH $250 CAN MATCH AND WIN AGAINST THE GREATEST TRADERS IN THE WORLD, THE BANKS ??? WHERE DID THAT HUBRIS AND NAIVETE COME FROM ???????
While I dont consider "robots" to be anywhere near as good as an experienced "manual" trader, my statements are lost on those who are perpetually seeking the holy grail --- understand that "trading" ANY financial instrument for profit is the epitome of making money by doing nothing useful for our society and those who seek the holy grail of EA's are seeking to DO that NOTHING with even less effort --- essentially, to have the money HANDED to them, as was their allowances when they were 10 years old ---- most appear to be too lazy or incompetent to figure out one of the most predictable trading situations there is, the Forex market !
If one looks at the situation with a bit of examination it becomes sort of pathetic really, but shows just HOW lazy and unproductive humans can be if given any chance at all !
Thanks for posting your feedback Chukky.
enjoy and trade well
mp
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