Holy Grail System for sale?

[PennFX]

Hi Everyone,

Thanks Chukky for sharing on this thread, I've been looking high and low on the internet for feedback on the TradeOracle Pro software because I think their website is not very informative for a $4,500 plus product. Everything I've read so far about it seems very positive and real, I just can't afford to shell out that much for it. Perhaps I can find a copy of it on ebay or something...anybody have any thoughts on this?

Have a great '08!
John

"You can't prove it won't happen!"

[mp6140]

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

[elektrance]

Well, mp, quite arrogant of you to state your ideias as if they were dogmas. For me most of them dont really make any sense.
I use 2 EAs which work in paralell with my manual trading.

They both have stop losses.

Last year they profited 400%.

They were both coded by me in MQL and they are not for sale or in open source mode. Sorry about that.

But your ideas about stop losses... Not for me.

Anyway, hope you manage.

And

Good luck.

[mp6140]

Originally Posted by elektrance

Well, mp, quite arrogant of you to state your ideias as if they were dogmas. For me most of them dont really make any sense.
I use 2 EAs which work in paralell with my manual trading.

cant deny it, I am arrogant --- comes from years of trading and teaching a number of traders who are now successful themselves and then seeing people on these sites who figure they can "make it" without doing anything ! Its the arrogance of the educated and experienced, and i take it as a delicious compliment !

To address your usage of the word "dogma", allow that even I am aware there are many ways to skin a cat, but Im not putting forth my "sysetm" or methods of trading, but a trend that is growing daily in popularity (no stop losses). Im getting emails from newbs who try it, using EA's or not, AND they are taking profits for the first time, because they LOST NOTHING to the drawdowns (which destroys so many accounts !)

I didnt invent it, build it or clean its bottom when it was a baby --- i just happen to notice that its a radical change from what was held to be ABSOLUTE truth or as another poster stated, "the eleventh commandment".

If youre not willing to look and possibly learn something new, youve already ceased your education, and thats kinda pathetic !

They both have stop losses.
I have no idea of what your systems are, how you take profits and whether you set your stop losses at a realistic point or not, but I will still bet large amounts that MOST ea's lose money because stop losses are hit, that would become profit just a bit more down the road if simply left alone--- OTHERWISE I WOULDNT BE READING IT ON THIS, AND OTHER SITES so often !

Last year they profited 400%.

DECENT, but i once did that in 4 days with the run up on USD/CAD a few months ago, a currency im still trading manually ! (i will have to admit I got lucky -- i was practicing a new theory with another trader --- we hedged 50 lots each way on a hunch and got VERY lucky !)

They were both coded by me in MQL and they are not for sale or in open source mode. Sorry about that.

thnx, dont need them at all since we seem to both do decently, only distinct difference being i just look at the chart and you use robots !

But your ideas about stop losses... Not for me.
allow me this if nothing else ---- do a demo, even if in your mind, and while i certainly dont know how you trade, SEE what would happen without a stop loss and WITH good money management and trading with the trend, and you can pick which one of the 3 main trends to use !

Even you might possibly learn something new and that is supplanting the old "set your stop" routines, which many others are now finding works !

Anyway, hope you manage.

after 36 years of trading, I'll probably manage --- thank you !

BTW, IF A NEWB TOOK THAT 4500 EUROS, CONTACTED A PROFESSIONAL TRADER AT ONE OF THE BANKS OR INSTITUTIONS, THEY WOULD RECEIVE ONE HECK OF AN EDUCATION !


And

Good luck.

[oilfxpro]

Mp6140

While I dont consider "robots" to be anywhere near as good as an experienced "manual" trader

I have my doubts about traders vs robots .95 % of traders failed ,the robots have not failed , it is the designer of the robots that failed ie the humans

A human can not monitor and trade 10 currency pairs ,5 different indexes and 5 different commodities at the same time.

Understanding the capabilities of the robot gives us much greater arrogance, but we don't show it cause it it is all done without proof behind an internet handle

All this bragging and boasting is cheap.Behind every noise is a dour sound AND FORUMS ARE FULL OF EMPTY CANS MAKING DOUR SOUND

OILFXPRO

[elektrance]

MP, thanks for the speech. I dont trade for 36 years. I respect that. I trade for a couple of years now and I am quite ok. I am a professional and I learned myself how to trade dont need teachers, especailly with your kind of personality and approach to a discussion which was not even correlated to your bold upper case letters.

Secondly I opened this thread to discuss a commercial product not for people to come screaming around.

Thirdly, maybe you have to improve your text interpretation skills, after 36 years I believe that some abilities might start to fail, so I am kind of allright with that and I will repeat what I previously wrote "I use 2 EAs which work in paralell with my manual trading." So the only difference that I see here is not "only distinct difference being i just look at the chart and you use robots !" but the fact that I use robots (which by the way were created by me) and I look at the charts. While you, Mr. Senior, only look at the charts. Very good, bravo.

I did demos for 3 years in a row before I opened my first live account, so I really dont need demos anymore. Thanks for the advice, but once again I will disregard your magnificient knowledge.

The Holy Grail point was just a catch to discuss a commercial product, I am sure there is plenty of room out there for you to give classes about Forex trading. Maybe this specific thread might not be the most appropriate to do that.

Great thinkers and perfomers are usually the most humble ones which puts you on a far perspective towards my values and ethics of sharing knowledge.

I am glad that you are successfull and I wish you all the best! I thank you for exposing the non SL method which you use. Although in a not elegant form was, nonetheless, a positive contribution for a discussion that, somebody might be having, somewhere...

Oilfxpro is right about "All this bragging and boasting is cheap.Behind every noise is a dour sound AND FORUMS ARE FULL OF EMPTY CANS MAKING DOUR SOUND"

So Mr. Senior, a bit more elegant next time would just suit a veteran like you much better.

[mp6140]

Originally Posted by oilfxpro

Mp6140

While I dont consider "robots" to be anywhere near as good as an experienced "manual" trader

I have my doubts about traders vs robots .95 % of traders failed ,the robots have not failed , it is the designer of the robots that failed ie the humans
Let us observe that "traders (and if they failed, they are not traders, by simple definition) fail because they lack or refuse to LEARN, and an abnormal amount lose their accounts because of stop losses on the inevitable "drawdowns" while the robots fail because they have no more knowledge than the humans, and most go into drawdowns that close newbs accounts. If you disagree, show me where Im wrong !

A human can not monitor and trade 10 currency pairs ,5 different indexes and 5 different commodities at the same time.
Highly doubtful that a robot can also, but if it could that would be ONE HELL OF AN ACCOUNT, DONT YOU THINK ?? I understand thouroughly and rarely play more than 2 currencies, one index and a few commodities myself !

Understanding the capabilities of the robot gives us much greater arrogance, but we don't show it cause it it is all done without proof behind an internet handle
I believe this may be a language problem here, but what i do garner from the paragraph is that my mp6140 is the ONLY handle Ive had for seven years, and I stand PROUDLY behind it, not hiding at all --- my email is posted and i answer each and every post as long as the header tells me its a real question and not some junk !

All this bragging and boasting is cheap.Behind every noise is a dour sound AND FORUMS ARE FULL OF EMPTY CANS MAKING DOUR SOUND
Now wait a minute === if THIS trader wished to brag, you would see more than what i stated was AN ACCIDENT and a very good piece of good LUCK, which btw, i can show easily as i kept a screenshot of it for fun ! One cannot set something forth as good luck and an accident and then be told they are "bragging" -- you got it wrong here !

NOW I SHALL STATE WHAT I SEE --- NOTHING BUT MY SLIGHTEST THOUGHTS AND SUGGESTIONS ABOUT THINGS THAT ARE BEING SAID -- NO FIGHTS, NO IDEAS THAT YOUR THOUGHTS ARE INCORRECT, IN FACT NOTHING NEGATIVE AT ALL.


but what i do see is a bunch of boys with a desire to maintain THEIR top spots and testing the new kid on the block, and over time you will find i can piss further, stronger and with more aim than you can imagine and that I can be a wonderful friend to those with a head on their shoulders and a desire to either increase their knowledge of forex or learn what they dont know at all !


So get off my back --- 36 years of trading experience doesnt suffer stupidity well, but if you wish to learn something, or simply discuss in a NICER manner, you will find me a willing listener ! (something hard to find with most sites !)

enjoy and trade well

mp

OILFXPRO

[mp6140]

concerning this thread elexhahente, you might be very correct as my ONLY real desire was to show that drawdowns and stop losses can be dangerous to ones health and account, AND YOU SEEM, IN ALL YOUR POSTS, TO AVOID TELLIING THE NEWBS OF THAT DANGER !

AND THAT VERY DANGER IS WHY I CHIME IN, SO WHY NOT PUT FORTH A MANDATORY DISCLAIMER WHEN YOU TOUT A 9 THOUSAND DOLLAR SYSTEM ?

bragging -- no bragging there as 36 years is the number i have traded, and my beating your 400 % was stated, fully and in plain sight, to have been a happy mistake and error --- THATS as far from "bragging" as one can get, but it was interesting to see 20K turn into 160K in a few days (btw, only as an aside, it actually went to 360K, 12 days later, and i sold so fast i didnt have the time to take a screenshot of that one, so i rarely mention it !

[elektrance]

Originally Posted by mp6140

concerning this thread elexhahente, you might be very correct as my ONLY real desire was to show that drawdowns and stop losses can be dangerous to ones health and account, AND YOU SEEM, IN ALL YOUR POSTS, TO AVOID TELLIING THE NEWBS OF THAT DANGER !

AND THAT VERY DANGER IS WHY I CHIME IN, SO WHY NOT PUT FORTH A MANDATORY DISCLAIMER WHEN YOU TOUT A 9 THOUSAND DOLLAR SYSTEM ?

bragging -- no bragging there as 36 years is the number i have traded, and my beating your 400 % was stated, fully and in plain sight, to have been a happy mistake and error --- THATS as far from "bragging" as one can get, but it was interesting to see 20K turn into 160K in a few days (btw, only as an aside, it actually went to 360K, 12 days later, and i sold so fast i didnt have the time to take a screenshot of that one, so i rarely mention it !

Fair enoguh Mr. Senior, I disagree on the SL subject, because I believe in controlled risk. I would be glad to discuss futher the hypotethic absence of SL. I have however to highlight my completely opposition to that strategy, I manually use SL and my robots use it too and we have been winners. Maybe we can discuss it on another thread so it could be on topic. If your results are so outstanding maybe you know something that I dont. Please note that for me my SL has been my friend and after in-depth post-trade analysis I always concluded that if it wasnt for my SL I would be back in the office for my dayjob which I already left long ago... Furthermore I have been in contact with other seniors and forex veterans and you are the first one who comes with this theory.

I truly hope your sucess continues. But dont misinterpret me, I am not here to compete. I am an asset manager and all my clients are 100% satisfied.

I dont need to compete. And, for the record, 400% was the performance of the EA's I didnt add my manual performance on top of that. You know why? Because in opposition to you I dont need that kind of vanity.

See you around.

[oilfxpro]

M P

A human can not monitor and trade 10 currency pairs ,5 different indexes and 5 different commodities at the same time.
Highly doubtful that a robot can also, but if it could that would be ONE HELL OF AN ACCOUNT, DONT YOU THINK ?? I understand thouroughly and rarely play more than 2 currencies, one index and a few commodities myself !

My platform has 10 different currency pairs bein monitored and traded 24 hours a day.I would like tstate it is on demo and it is working.It can also handle indexes and commodities

As regard lot size it can trade as low as 0.01 and on commodities 0.2 lots ,so you don't really need more than a $20 k account on margin


You get the best opportunities from 20 different pairs being monitered and traded without human errors and decisions affecting greed and fear.and it is done 24 hours a day

As regards the tone of our discussion,it is much nicer to be humble and sometimes you get what you throw into a thread.

and I agree you on drawdowns and stops,but stops vary on each strategy traded and each system.If you trade a multi system EA, you may trade 5 different stop losses in same EA

Best regards

OILFXPRO