View Single Post
  #330 (permalink)  
Old 06-03-2008, 04:20 PM
tsdpka tsdpka is offline
Senior Member
 
Join Date: Oct 2006
Posts: 160
tsdpka is on a distinguished road
Performance

omellete,

You might be wrong if you think Igor’s concept could work. Recently, I got an Excel file reporting the virtual pips for the newest (BS)-creation showing about 110 trades monthly for the eurusd. This is a 2.5-3 or maybe less (after slippage and commission costs) pip profit per trade and low win ratio. This kind of concepts is in the long run in best case only in paper trading profitable. Those newbies thinking they might work in real trading, I suppose they waste their time. Maybe you got the impression it could work, bz of all these Igor’s virtual paper print screen virtual pips, which is only a selection and by no means the full story. To be profitable in real trading you need to be very selective with entries. Everything showing more than around 6-12 trades monthly per pair is most probably a scam candidate.
It has been obvious just from the beginning that both providers are scamming. With a little bit experience you need only few minutes to know that OZFx has never a chance to work in the long run and in case it coincidentally works, then the R/R ratios are terrible. It’s a very high risk concept and thus the reward/risk ratios are terrible.
Reply With Quote