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Old 11-21-2007, 03:39 PM
iGoR iGoR is offline
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Join Date: Jan 2006
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how objective is my own evaluation ?...

Newdigital has send me in answer on a question to him a PM where he says I need to evaluate my own system...
How objective this will be if each author of a system has to do this about his own system is a big question....

But as most of you know me as straight forworth and correct and sticking to facts and no bullshit, I gonna do my best to lean as much as possible to a 100% objectivity.

First of all the reason why I have this privat trading group is not only for A system or THE system or for THE zorro system.
I opend this room on request of people who followed me for a very long period of time in a public room on paltalk.
Myself and the people who followed me saw that their was a lot of abuse of my goodwill. I was in that room every day to help people out and to help people how to trade and gave severall webinars on systems that I develloped 100% for free.

I return I received a lot of very nice mails comments PM and compliments.
But I received also a lot of critisism of people who were not satisfied with what they RECEIVED. Or from people who held me responsible for losses that they made.
Give a profitable system with a lot of discretionary elements in to a group of people and a few people will manage to make money but still a majority will manage to get away with losses. That is the nature of the game wich is called TRADING.
There is no such thing as "an everybody rich "system.

So at some point I had enough of the shit that I had to take and I wanted to be surounded with people that I know who apreciated that I was giving help to them and in return they wanted to show that with a monthly subscription.
People who are realy pleased and satified don't wish or ask more then to give something back for their gratitude.
Only abusers have difficultys with GIVING something back in return for what they RECEIVE.

So I opend a room based on some trading systems we had used in the public room but were I felt that there were still a lot of possibilyts to improve what whe got.
So how the system was presented from the very first day, it had a lot a flaws.
But day by day I kept on develloping to get rid of the negative elements (for ex. to much trades). I improved it a lot in this way that we descided to start officialy trading the 19th Oct.

I continued develloping and with the help of Alex_winner I promgrammed all my rules, entrys exits, T/P, S/L B/E's and combination of 2 systems etc...into 2 BIG indicators that can be seen as an EA but the only difference is that someone has to puch the execution button.

Since the 19th of Oct I have been posting all the results according the signals that were generated each day. Those results are 100% accurate and do not contain any discretionary results what so ever.
These results are not some bragging around attempt but are the results of what one would have if one takes in all these signals. The results are based on the closing prices were signals were given. So these results do not contain any spread nore any slipage what so ever.
But I believe that the total results gives enough room to deduct the spread and the slipage and still leave you with enough money on the table.

Is the system as we have it now all roses and sunshine ?...
NO..ABSOLUTLY NOT!...
The succes of each individual depends highly on his own discipline to take in all trades. And the majority of the members does not have this discipline or do not have the time to be in the room for personall reasons. If one wants to take in all signals (wich is realy nescessary) he needs to be their from the start of the UK session till the end of the US session. For many people impossible because of the different time zones.

Also many people have difficultys to take in a trade after they had previously 5 losing trades. They do not take the 6 trade but afterworths it proofs that this was a bad descission because it was a highly profitable trade that erased the previous losses and even adds a profit on top of it. That leads to frustration and leads to waiting to take in the next trade. Next trade also a winning trade so then they descide to pickup the next trades. Next trades are again losing trades ..etc..etc... So by picking out the trades instead of taking them all they end up the day with a serious loss were the system makes a very nice profit. As example I can give you this result: The system makes the 14-11-07 a nice profit of 181pips. A member of the group gets away with a - 484 pip loss. Reason: getting in to late... missing out on 5 T/P that afterworths for him turn in a serious loss etc etc...
So bottom line, not having the discipline to stick 100% to the rules of the system.

So I tryed to listen to those problems and now (since yesterday) we have incorporated even the allerts and visual signs on the chart to show the T/P and the stoplosses with a ringing alert so people would not forget about the T/P's and S/L's. So it would help them realy in not making anymore mistakes.

Is there room for more improvement?...
ALWAYS!...the day that I do not think anymore to improve a system or setup is the day that I stop trading or that I stop with this zorro trading group.

I know that some people have difficultys with the amount of trades that one needs to take. So I will not rest till I found a solution that could meet their desires or wiches. But again the results of such a system will highly depend on the discipline they will have to take in all trades nescessary to come to a positive result.

But I can ashure you 100% that the resuls that I post are 100% according the rules and are witnessed by the members of the group who are in the room and each signal apeared on each member's MT4 platform with the help of the indicators and templates.
If someone descides to not take some of the trades or take in only a few positions, that is his own responsability. I can not sit beside each member of the group to push his button for execution.
Today some people started trading with the opening of the UK session. After 1H45m. they were more then +400 pips in profit. They descided to pull the plug and call it a day and take the rest of the day off. One can say that is no discipline because they need to take in all trades. On the other hand I can not blame them. On the contrary.

As I said so many times. Real trading is hard work.
There is no such thing as making good money in an easy way. The zorro trading group and aspeacialy the system is helping a lot but it is not bringing the money to your house.

regards...iGoR
__________________
Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR)

Last edited by iGoR; 11-21-2007 at 08:00 PM.
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