Software based Forex trading.

[alexchia01]

My record for today.

Days traded: 94
Profit: $1,084.81
Capital invested: $8,000 Monthly returns: 4.32%
Total returns: 13.56%

Note that this is not a let it run, don't have to work and sit at home wait for money. My trading strategy is only a safe 3-5% returns a month.

Frankly, I find that you are more interested in promoting this software and get the recommendation fee than really putting some real cash into it and make your money from trading.

You are so aggressive in promoting this system that you show us your daily result and fast to rebut people in doubt. But you only put so little of your money on the line.

These tell me that you don't really have confident over the system.

This kind of system don't work and even if they do, they only work for a period of time. This is because your system is dead, but the market is alive. Market changes all the time. The system don't. It can't react to market changes. So even if it works now, once market changes, all your profit will return back to the market.

Don't you ask the question that if this system is so good why are they selling to you? Why not trade themselves and make their money through trading?

This is because the developer knows this system don't work forever, it's better to sell the software and make guarantee profit than trade themselves. Selling to you, they don't incur any risk, but you are taking all this risk.

Even the developer has no confident in their system, why why are you so confident in them?

 

[alexchia01]

I know some fund houses uses software for trading. The issues is after so many years of trading, they are still coming up with new algorithm software to trade the market.

They have a software that works for a while and once it don't work, they come out with new software to trade and once it don't work, they come out another. The cycle goes on and on.

Now they have so many software that they kind of cancel each other out. Together, they don't make much profit, margin is thin. So they are only make a lot by having huge trade size. But they can't stop because they don't know when which software will make money.

Are you going to follow what the fund houses are doing? If not, then it's better to learn how to trade properly than rely on black box.

 

[hellfire88]

Blobby so far your profit have not covered back the cost of the software....

 

[ramdick]

It think it's fair as long as the poster did not claim the system is going to make money infinitely. Every opportunity has a lifespan. Nobody can deny MLM works but only much better for the initial group. Even happy marriages end in divorce.

I never read his post as claiming the system will make money indefinitely. Maybe that's cos of my own knowledge that nothing lasts forever. But many people seem to be reading it as such and jumping onto his back because of that interpretation.

No doubt he is trying to make a sell. But I feel his is justifying his position quite well. I'm just curious how much the software costs. If using a safe bet/reward level and it needs 2 years to recover costs, then it will be quite nonsense.

 

[supratentorium]

Blobby to quote you

"So how long do you think this will work? What is this "market change" you are talking about?"

You are trying to describe something dynamic with something that is static. It took me some time and effort to realize something this simple.

 

[Dividends Warrior]

Every opportunity has a lifespan.

Yup.

Make hay while the sun shines!

 

[peterchan75]

There is always black swans lurking around. One fine day it will take down the system.

LTCM is one good example.
The Midas Formula Stockmarket Formula (1999) - YouTube

 

[dave.c]

The main point is this:

Most will not be able to handle this so called "tool" properly and incur loss or even a wipe out.

Your thread will expose this "tool" to readers hence this thread should cease to exist.

 

[ramdick]

Where do you draw the line who is capable of using it or not. Is it not possible there will be people who is able to utilize the tool to their benefits.

How many makes money in the stock market? Most lose, so should we ban people from them too? Or the casinos. I think people should be educated to the pitfalls & possibilities of every system. Be open about it and let them decide on their own if they want to risk it.

Those who feel it's a scam, then show why it is so. Kill the thought once & for all. Those who thinks it works under what conditions, put your figures on the table for others to review.

 

[peterchan75]

I am in the opinion that all successful tools will remain proprietary. The hedge fund Renassance Technologies was sighted by James Weatherall in his "The Physics of Wall Street" book is one example. I don't see Renaissance peddling their ware for profit. If everyone has an edge, then where is the money.

 

[alexchia01]

Where do you draw the line who is capable of using it or not. Is it not possible there will be people who is able to utilize the tool to their benefits.

How many makes money in the stock market? Most lose, so should we ban people from them too? Or the casinos. I think people should be educated to the pitfalls & possibilities of every system. Be open about it and let them decide on their own if they want to risk it.

Those who feel it's a scam, then show why it is so. Kill the thought once & for all. Those who thinks it works under what conditions, put your figures on the table for others to review.

It should be the other way round. People who feel it's not a scam, show us why it is not so. Those that feel it works all the time, put their figures on the table for others to review.

If a salesman comes to you and says he has a cure for cancer, do you ask him to show proof that it works or does he ask you to show proof that it doesn't work?

 

[alexchia01]

Good observation. Everyone was too busy attacking the software to ask this. Rest assured everything has been accounted for and progressing according to plan. It's fact it's slightly ahead of schedule.

I'm sure if you want to open a chicken rice store, you will first calculate your startup..running cost. Find out how much sales you must make a day to make a profit. How long the business will remain viable and when you expect to break even?

Moral of the same old story. Don't do anything blindly. This is just a tool, it can be useful if used correctly and it can also hurt you if you abuse it. Know that nothing last forever, you will just need to be prepared and react accordingly. Anybody who is interested, you can gather opinions from me and the other forumers here, however that is not the full picture. Go find out everything, ask all the questions, do your own calculation..research..then decide what you want to do.

Please... We didn't ask you this question is because we doubt your product, not because we don't know you treat this as a business.

Before I buy chicken rice from you, I also must make sure your chicken rice is edible meh. I don't believe a chicken rice is good just because the boss says so.

 

[peterchan75]

In post #43, what change the market ? Black swan is an unforseen event. Good tools do exist(post #47). But if everyone is having them, then where is the edge ? Your tool maybe effective now but it's effectiveness will wane over time.

 

[sAVaGEmP5]

sorry for once im on support for sw based trading because thats what I do too A blackswan wont wipe out an acct as long as it is cleared intra day, or if has little risk exposure in markets at any 1 time. (based on VaR)

So I do see little harm in its sw trading platform.... but it its meant to make money off subs and fees, then hell its another type of scam.

 

[ramdick]

Precisely. All market indicators and systems are also tools. They work slightly more than half the time. Should we stop talking about them? The TS did not claim this software works miracles like the cancer analogy someone mentioned above which is out of context. Even proprietary systems fail although at a much lower rate.

TS has been open so far and not making any ridiculous claims. I don't see any reason for banning discussion of a system like any other. This kind of mentality benefits no one.

If there's any breach of forum rules, it will probably be TS promoting this product. Forum ads are different as they generate revenue for the forum itself. But that is up to the mod.

 

[Yellowfin]

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I see a trading course being advertised by HWZ in the thread.

I suggest you appeal to take that down too. I don't think many people can handle the market just by attending this. If anybody don't want the risk of incurring lost, then please don't start trading.

You wish to take down the ad display by HWZ forum, please contact the Admin in the feedback forum.

 

[GenerationX]

use credit card deposit got bonus?

 

[Yellowfin]

I only said that because it seems that one of the person here is trying very hard to protect everyone from losing money. Anything he says is good, is a sure win, no good you better don't touch. Since he cares so much for his fellow countrymen and if someone after learning that course went to pick "top stocks" in the market, I will say that the success wouldn't be high. Thus I suggested he should try to get that ad taken down.

I don't blame him for protecting other from losing their money without knowing what they are getting into.

Most of us in this forum are trying to prevent others from losing their hard earn money and hopefully help each other to growth their own wealth through their own hard work. IMHO.

Black box trading program should not be touch at all as you don't know what is their trading rules etc. Been there and done that.

Now the latest trend is algo trading. Even this program will have big draw down every now and then.

 

[Shiny Things]

sorry for once im on support for sw based trading because thats what I do too A blackswan wont wipe out an acct as long as it is cleared intra day, or if has little risk exposure in markets at any 1 time.

Ah, but that's the thing - this strategy does have lots of risk exposure at any one time. If it gets into a losing trade, it starts doubling-up-to-catch-up.

It's not a classic martingale, but it does follow the martingale double-up-catch-up strategy, and it doesn't have built-in stoplosses.

I'm not opposed to automated trading or algo trading in general - it's just this strategy in particular that I have a problem with.

 

[7days7nights]

I have been using this software for Forex trading for the past 2 months. Not bad, started with 5K USD, around 3%-5% return every month as I set my "risk tolerance" to "low". If you want higher returns of course you have to take higher risk, however using the low setting is almost 95% safe unless there is some major world event. Everything is automated, you just need to let it run and trade by itself. Good for a Forex newbie like me.

The broker and software maker also have an affiliate program which means that the people you introduce can also help you generate some additional income.

PM me if you need more information. I can also let you see my pass records which I keep everyday to track my trading.

Day 1.

For latest progress, refer to new posts.

Wow, your system seems too good to be true. It's hard to imagine reliable (95% risk-free) profits in the long term. I have my doubts about it for a few simple (macro) reasons.

i. Firstly, the average profit of everyone in the markets–such as equities, currencies, commodities, etc–is… average. Thus, for every person that "wins" or "profits" by a magnitude of (x), there will be someone that loses by an equal magnitude of (x). If TS is "winning" consistently, then somewhere out there is a greater fool (or several fools) that is (are) losing. Who is TS profiting from?

ii. The odds are less in the average person's favour if you consider brokerage commissions and other costs. If brokerage commissions are 1%, then the average gain–from the market–would be (average - 1)%. A "win" of (x)% is really a win of (x-1)%, and a "loss" is a loss of (x-1)%. In the giant casino that is the (stock/currency/commodity) exchange, it is the institutions that win consistently, not the average person.

iii. TS' post on 24 Aug shows a profit of $1,084 on the deposit of $7,703–about 14% over 3 months. For not doing anything. Another way of looking at it: you have $1000 in your wallet and walking around earns you a profit of 14% (i.e., $140). Pardon me for being skeptical but I don't see money lying on the floor, nor does it materialise in my wallet every now and then.

iv. The investment bankers, fund managers, traders, etc on Wall Street (and elsewhere) are comprised of the smartest, most hardworking, and greedy people. They have the fastest computers and internet connections, and latest insider information. They work 18 hours a day and are connected 24/7. Personally, I don't think I have a chance against them.

v. It seems like TS' system is wide spread and easily accessible; it even has its own iPhone app. Such techniques to "game" the markets, even if they have worked well in the past, lose their value as more people use them. This brings me back to my first point, where the average gain of everyone in the market is average, minus commissions and cost of course.

I hope I didn't come across as bashing TS' system. I just wanted to share my skepticism. Perhaps if I'm proven wrong I may adopt it myself. On second thought, maybe not, as I doubt I can sleep at night with this system.