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Old 01-09-2009, 06:18 PM
fxhst329 fxhst329 is offline
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Join Date: Oct 2005
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Quote:
Originally Posted by billsechen View Post
PLEASE WE DON'T DISCUSS THIS,NOW MOST OF BROKERS COUNTER THIS,SO WE WILL EARN MONEY,DON'T DISCUSS THIS TOPIC TEMPORARILY,PLEASE RDB ATTENTION THIS WORDS"TEMPORARY"
no need for this... as as they lower the spreads... if the system starts trading again... they will increase it again very swiftly. so no reason for this BS... it won't help. if you trade this system in retail brokerages... most of them are counting on a fact that most traders loose and they make money of this. if a lot of traders start trading same system (this is I think only one of a few free versions, there is like 5-10 more hybrids that are commercialy sold) then brokerages start to loose and they have a lot of traders who were loosing money making money now and make them loose. so this is never going to work. only fapturbo claims they have 17,000 purchasers of system. I don't believe that, but they have regularly like 150 users on the forum online realtime what proves it's a very big community. there are other websites that commercially sell this. everybody has been talking about this system lately and I'm surprised what places it has reached. now imagine all these traders all of sudden wanting to buy/sell big amounts (with so many traders trading this, trust me, volume can be pretty big) during the least volatile period of a day making banks/brokerages loose money (there always have to be two sides remember). regarding retail brokerages... even if they wanted... they can't allow this currently. their fixed spreads are currently their disadvantage... during normal market conditions and if we wouldn't have a crisis here... institutional feeds would be much better and these retail brokerages could actually go out and sell/buy at the reall market for such narrow prices... as you know most of the institutional feeds' spreads are off the roof. if it was 0-2 before now it's 5-10 in less volatile times. do you realize how volatile are markets during the day? if most insitutions make money during day... why would they keep trading during asian session? do you realize that many many banks have stopped trading foreign exchange and lowered their exposure to currency fluctuation in this period? they've just took out a plug from FX market so there is less buyers/sellers. if there is less entities regularly making prices... it will be harder for you to get it for low spreads since difference in bids and asks from other parties will be just to distant to current market price. therefore not even retail brokerages can't cover this on their books if too many traders are trading the system or too much volume is traded by it because they can't simply go out and buy/sell under requested conditions (2-3 pips spreads). lehman was a big price giver as well and it's loss we suffer now too. so until credit crisis stabilizes, there is very little chance this system will be allowed. there were several brokerages that particularly banned this system from trading in their brokerages (ODL). some of them banned scalping completely (MIG recently), some of them are defending themselves by increased spreads (most of them). so chances you will get successful are not very high. so if you all want to *****... we should be probably pissed at current credit crisis and hope it will end (so far it seems like it's been going forever). we'll see how everything will react to bailout and first aid packages that governments have spent and if everything goes well... in the second half of this year US might be in mild recession and slowly start recovering. if it will not be as good... don't expect to trade this system anytime soon...

now as to new version... I've backtested it and equity curve is much smoother and drawdowns are smaller. but it was backtested on 2 pip spreads... now try to put it on 5 pip spreads and you'll see what difference it makes. be carefull trading it on live.

rdp I've left you a message on yahoo. this might be one of possible solutions to make system better, although it doesn't really have to help it at all.

Last edited by fxhst329; 01-09-2009 at 06:30 PM.
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