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Found 100% winning system. Now what should i do?
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Created: by nqcruiser Attachments:3

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Found 100% winning system. Now what should i do?

 
Estonia
 
 
Posts: 13 since Aug 2015
Thanks: 1 given, 32 received

Congratulations, You are a millionaire now!

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Super Moderator
Sarasota FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, YM
 
bobwest's Avatar
 
Posts: 4,966 since Jan 2013
Thanks: 37,571 given, 16,778 received


nqcruiser View Post
Should i set out to double account size weekly. what would it take to double a 500$ account on forex with 1:400 leverage?

Yes, that's it. Put some real money on it and set out to double it every week.

After you go broke, come back here and I'll give you a good deal on a bridge in Brooklyn. Guaranteed.

Seriously, I'm sorry that you already put your $2,000 into buying this. You should try to get your money's worth from it, which will not come from doubling your account over and over, but from realizing that deals like this just do not come along. Usually people already know this, but if you don't, it's always a good thing to learn.

Bob.

----------------

PS: unless:
(a) you're trolling us, and just wanted to see if you can get a rise out of someone, which would be very impolite; or
(b) you're going to hit us with a link to this great offer so we can get some of it too, in which case you're a disguised vendor and will end up being banned. We see a lot of that.

I hope neither of those last two possibilities are true, but who knows?

If you're actually serious, first reflect on how likely it is that anyone genuinely has something like this to sell, and if you still think so, then try it out. Don't put too much money into it, though.

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Austria
 
 
Posts: 234 since Jan 2017
Thanks: 0 given, 174 received


let him dream, lol

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Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
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MiniP's Avatar
 
Posts: 947 since May 2017
Thanks: 918 given, 2,212 received

I think the OP gets the hint that he might have made the wrong decision, If anything this is a big issue in the industry and I'd almost like to start a thread of all the BS signals and 100% winning shops out there to maybe help and/or save guys/gals like the OP . I know when I first started I tossed some Franklin's towards systems like this and if you don't know better its easy to get brain washed by these people, we all started some where.



-P

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The following 5 users say Thank You to MiniP for this post:
 
 
North Carolina
 
Trading Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 644 since Nov 2011

@nqcruiser Does "stoplessly" mean without a stop loss? If so, the first thing is to verify that the system/trader/method is profitable with a stop loss. It sounds like they have an edge but the hardest part can be capitalizing on an edge. I call this the bounding box problem. Trade with too much leverage and even if the method continues to work you will lose the account. But if you trade without enough leverage, you won't make a worthwhile return.

Keep in mind that it is possible to backtest systems that work without a stop loss in the past (typically just holding losers until they recover) but this is a type of over fitting because small changes could have caused the system to have had catastrophic losses.

Assuming, you verify everything out and you have a holy grail, i.e. never lose trading. The next step is fairly trivial. I would probably open several small accounts at different brokers. The reason you do this is so that you can hedge some of the accounts on certain days or weeks at random. It also reduces your capital with any one broker. For example, you might "oversize" some trades in account A, hedge a portion in B. If broker B is copying you then they will have losses which you have hedged. The next week you trade in B and hedge in A. You might also blow some accounts out too or whatever at random (but only with a small portion of your capital) or just let some sit dormant. The goal is to reduce the risk of anyone copying your "never lose method". Eventually at some point, if you have the rights you could look at scaling up because edges don't work forever or who knows maybe they can.

However, it is not as easy to make a fortune in trading as some think though even if you have an edge or several edges because in the real world there is always uncertainty.

 
 
Legendary Market Wizard
Chicago Illinois USA
 
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Broker/Data: IB, ToS
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wldman's Avatar
 
Posts: 2,625 since Aug 2011
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Wldman is warming up...

to get it going on this thread.

I do believe though that it would cause @Big Mike stress that he does not deserve. I love Big Mike. I defer to the members that know me. Ramp it or ignore it?

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Legendary Market Wizard
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wldman View Post
to get it going on this thread.

I do believe though that it would cause @Big Mike stress that he does not deserve. I love Big Mike. I defer to the members that know me. Ramp it or ignore it?

Let it be, we want people to post and contribute OP hopefully understands what they got into if not THEN continue to lay it on them lol. My 0.02


-P

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"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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Super Moderator
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bobwest's Avatar
 
Posts: 4,966 since Jan 2013
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wldman View Post
to get it going on this thread.

I do believe though that it would cause @Big Mike stress that he does not deserve. I love Big Mike. I defer to the members that know me. Ramp it or ignore it?

Probably the point has been made. I hope no one will think that this magical thing that costs $2,000 will make them a billionaire....

The OP, of course, will find out soon enough, if he hasn't gotten the point already.

Just my half cent.

Bob.

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 Vendor: www.jigsawtrading.com 
Bangkok
 
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Jigsaw Trading's Avatar
 
Posts: 2,917 since Nov 2010
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I do have to wonder if the OP isn't pulling our collective legs.

Apart from the fact that 100% win rate is impossible - the system itself would be worth a massive amount.

So it's a bit like someone offering to sell you a Ferarri for a dollar. There's obviously a catch. Like it's a toy Ferarri - or a toy account.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Kassel / Germany
 
Trading Experience: None
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PK 1's Avatar
 
Posts: 72 since Aug 2011
Thanks: 125 given, 56 received


You must be lucky to find something like that. So one way to handle such a piece of Gold is hide it, trade it and get rich, buy a mansion in Cabo and enjoy the life.

Or you could treat it what it is, scam and forget about it.

A short story: In the last months I developed several strategies for Multicharts and on one branch pursuing and refining them they shocked me for days even though it was the most simple signal calc I ever had. It wasn't martingale and timeframe with M15 big enough, data based upon Bid-Ask-1s, appr. 58% profit. with CRV of 1,5. I was scared about the incredible equity curve, working great on backtest and ok on live forward tests, about 2-4 trades a day. Can't be real I though, way better than any system I wrote for MT4 and there were a lot of them. So what did I do? I checked all things thoroughly, trying to eliminate one problem after another, always in mind the difference between back test result and the ongoing live test. The result didn't scared me anymore but was a good base to build on. So beside some irony that's the thing how to handle such superior systems, inspect every single piece of that system or throw it away not wasting time on it.

Ppl developing systems have checked many such great systems found on the net and most of the time it takes seconds or minutes to say that it's just crap.

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