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iGoR · #**517** (**permalink**) 05-04-2008, 01:24 PM

Recap over the last 7 months:

It has been a few weeks that I have been posting results in this topic.
That was not because of less activity in the room itself or putting less energy in the room of myself. On the contrary.

I have been very active in the room and done a lot of developments. We also moved to a private video room where people could follow my trading platform and MT4 platform when I was explaining the system or giving lessons or webinars.

The reason that I have not has not been posting anymore has a few reason:
1) The last month it became clear that actually no one is following the system.
I took the effort to calculate the results every single day over the last 6 1/2 months and place them in a spreadsheet so we could clearly see what the profits are of the system and the draw downs.
As I said already a couple of times, I personally do not trade that system. Because the system works with the E/J and the G/J witch are 2 pairs that can not be traded on the cme currency futures (G/J is not available and E/J is available but spread is way to big).
But that didn't matter to me because I was trading my managed account and on a regular base with BUND futures and was making money for my clients.

But the main problem was over this 7 month period is that no one was following the system as they should do. No one was following the money management as I have explained. No one has been using the money management in combination with the draw downs that occurred and that I have predicted
Only a couple of people have been trading the ZoRRo system 100% according the rules but only over a short period of time.
Was it because that the system was loosing money over a longer period of time ?... NO, because everyone in the room agrees if one would have followed the system every day according the rules one would have made a LOT of money.
Was it because the rules were to complicated ?...NO, because the system was fully automated. It gave a popup for every action that one needed to take and an audio voice that said enter long or enter short. It showed with automated horizontal lines where to take profit or where to place a breakeven stop. So after a few days each individual that has a little bit of trading knowledge could perfectly trade according the rules.

After a lot of thinking and asking questions in the room the 2 main problems I discovered for most (or all people), it is just to long to sit from 06.00gmt to 16.00gmt (10 hours) in front of their pc each and every day.
And second problem is that the moment that a system start to loos money they do not have the discipline to stick 100% to a system. They try to avoid a loosing trade by not taking it in. Or they trey to jump out of a winning trade so they would not give back to much before the trade would be closed by the system.
Once they try to do this and they have one successful attempt they think they can do better then the system and that way they do not have a system anymore. They become discretionary traders. They want to have a 100% mechanical system so they have rules that they could so called follow but at the same time they try to deviate from every rule because they think they can beat the system.
With the only result that they see at the end of the week or month or longer period of time that the system performs a lot better. In profits or less drawdown. That leads to a lot of frustration and even more deviation of following the rules. One would think it would open their eyes that they should stick to the rules but on the contrary. They decide indeed at the end of the week or month to stick to the rules when they compare the official results with their own results but the moment that they start to trade and have 2 consecutive loosing trades then they skip the 3rd trade that indeed would also have been a loosing trade and it starts all over. They miss the 4th trade also but that one is a huge profit…etc…etc…

For all the same I could close my eyes and ears for all these problems. For all the same I could say to myself: I have an average of 35 people members each month over the last 5 months. That means 35 x 85€ = 2.975€/month.
Many people here if not most, if they would have a monthly income of 3000€ they would be more then pleased and would not look to the problems I mentioned above.
But it was never my intention to make a living of this room or group. I am a trader and I make my living out of trading. It is of course nice to have that supplementary income but that was never my goal.
The goal was to teach people how to trade and see them making money. Making money in this way that they could after a longer period decide to trade for a living because they would experience that they are profitable by following the systems I provide.

This will always stay my goal. The moment that I feel that I don't bother anymore how the members are doing or what their results are or if they are profitable then I quit immediately.
So I have done a lot of developments and research so I would find a solution for the 2 main problems. I found the solution for that in the MaTRiX system. The MaTRiX system is such a nice and complete system that it covers the need of every type of trader. From scalper to swing trader.

1st problem: spending 10 hours/day in front of your pc.
I came up with rules on the MaTRiX in such a way that the normal intraday trader that wants to spend his day in front of his pc as one would have a normal job he can. With extreme high reward/risk ratio. But he needs to wait for the right moment and for all the same no trade came up that particular day. Or if he wants to trade according the 100% rules so he could have the biggest possible profit he needs to wait till the end of the day before taking the profit or closing his positions.

The very same MaTRiX setup but with other 100% mechanical rules can be used by people who are more in the scalping spectrum of trading. They set themselves a daily goal of 10-20pips or ticks. That goal can be reached after 1-2 hour trading (for most days) but can take also till some where in the middle of the US session before the goal is reached.

The very same MaTRiX setup but on slightly higher time frames can be used by the swing traders that want to go for bigger swings but again with very low risk.

What to expect in the future from the group ?...
Because we all gonna look to the same template or setup it is going to produce a better interaction with all type of traders in the room. It will also make that some short time frame traders if a position is in profit that they will keep it maybe for a bigger move because the stoploss strategy stays the same.
All trading is now going to be from the LIVE video room where people can easy follow what I do and learn easier this way.
The MaTRiX setup can be placed on what ever kind of pair. For some people the G/J or E/J was a bit to heavy in moves or in stops or in spread and can now be traded on pairs with small spread.
The MaTRiX system will give also absolute freedom in your own desires.
The MaTRiX system has for each trader 100% rules but one will feel that he can take in trades or profits according his own wishes or time he wants to spend in front of his pc. And that without the feeling that if he does not stick to the rules that he would loos money instead of making money.

Because the system will give a lot more possibilities to each individual I am not going to make or post anymore spreadsheets with results because each individual will have complete different results.
I am going to post the results from my own trading.
We opened also an oanda demo account. Most people know that an oanda account simulates perfectly the real trading and this way people will see what is possible on a forex account. The results of that oanda account will be published regularly.

Each person will feel that he will develop his trading skills within his own possibilities his own demands and his own time without feeling the pressure of some rules as we had with the ZoRRo that could not be followed because they did not fit in his trading profile.

I wish all of you lots of success and I hope I can contribute to that true the help of the MaTriX.

To be continued…iGoR

To become a member of the ZoRRo trading group: zorro_trading_group@hotmail.com

To be continued...iGoR