Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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.
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.
@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.
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?
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.
