I thought he was still trying to become a CTA...did he pass the series 3?...If so Congrats! (for me that was a very hard test to pass...I had to take it 3 times...embarrassed...)

ES

It is ok to spread the word. It will benefit us all. It is an economies of scale kind of thing.

Please don't make statements about how long Bill Young will be trading for us unless they have been confirmed. Misinformation can adversely affect the decisions of prospective and current clients. In my conversations with Bill, we has discussed a 5+ year plan which does NOT include taking a JOB with an institutional fund. Of course, plans can change, but these managed accounts and GoFX is not just a short term stepping stone.

Take care,
Bill

I did post that I do not speak for Bill Young...as far as my personal opinions I will post what I please Sir...I have been in this a long time...you watch and see if I am right...I give him his 2 year track record and they will line up...Remember I have been there and done that...

I am not a salesman for Bill Y or you...I am a trader and traders come first...I call them as I see them...and my friends know that...some of them even listen to me at times... (I hope that I am wrong about the future of the AutoFX DCL stream)

But when (and with his excellent trading he will get offers) you get a 10 million dollar client offering you an account...even if he only gives you 10%...you do not say no...(You would be surprised who is lurking out there)...anyway's...It has been my experience when you start to see the minimum investment go up to 50k and incentives rising to 30...40...50%...then you know he is weeding out the dead wood and all that work...Even easier the fund can be closed...This has not happened yet but I have been in a few of those that it has happened to...

is this the right place for this post...correct?...or has Forextsd made this sub-forum to put the vendors in? Meaningful conversation & discussion should be nutured to keep this forum interesting and not just a swap meet...

Perhaps I should just stop posting publically here in your thread if you have a problem with it. I do not want to offend anybody or cause problems. Folks PM me if you wish to have updates....

Hope I helped...(I am wondering now?)

ES

Good morning ES,

It appears I have hit a nerve with you and that was not my intent. I absolutely agree that your opinion is your own and that you are not a salesperson for Bill, myself or anyone.

The post this morning that "( in about 1.5 years) he will be gobbled up by an institution" was seen by some as a statement of fact (not opinion) and within a couple hours I received several emails from confused readers asking exactly when Bill will be leaving, which institution he will be working for, and if they should just wait and invest with the new institution, etc. They saw the word "will" in the post and took it for a fact.

All I am asking for is clarity between opinions and facts. A few of our readers require a LOT of clarity. For example, "in about 1.5 years I believe institutions may be looking to gobble him" up would have been a perfectly acceptable statement.

Another example comes from this most recent post. "When you start to see the minimum investment go up" gives some people the impression that is a done deal and in the last few minutes I have already been asked by one reader for the timeline for account minimum increases based on this post. I would prefer the statement "IF you start to see the minimum investment go up..." which is another perfectly acceptable observation based on your experiences. I know that may seem like a very small change, but it will help a lot.

To the best of my knowledge from daily conversations with Bill Young, there are no specific plan to raise account minimums at this time. Along these lines, I can report that Bill and I have had conversations about his future goals that would require that he keep the incentive fees and account minimums at a low/reasonable level.

"Meaningful conversation and discussion" are always welcome. I am seeking to avoid the issues that I have seen kill other threads.

Take care,
Bill

I went and edited my commentary which I spent a lot of time on. I do not want to be a negative force to the global audience here.

It's funny that they could not PM me directly, about what I wrote and I could have corrected/edited it much faster...

ES

P.S. Bill Young is doing a job that is exactly opposite from what I want to do...this is why I need him. I can not take the pressure of talking to the human lives that I trade money for...sometimes they are not qualified and its their life savings, when it should be money that they can lose, thus I only trade my own money now and got out of the game. I do not bother Bill Y with that nonsense as I am qualified to take the risk and understand. I hope many of you reading this thread have the integrity to understand and are eligible for managment. Also the politics involved with institutional trading is not my cup of tea...we all must realize what we want to do with our lives, and I am discovering that when you go where the money is..it requires you to constantly seek it....it never lasts forever where one can set back and relax...You must stay current as an investor and its like a salesmans plight of constantly screaming after new meat just to make the commish/return. I wish more of the up-and-comers would appear on the internet, but they generally are not, but every once in a while you can get in on the ground floor. I do not have time to mince words sometimes and I cut to the chase...I will try and be more careful in the future.

I am not a licensed Investment Advisor. I am merely an anonymous character on the Internet...so do not base your decisions on anything other than advise from a licensed advisor.

Hey guys.

I have a stoploss of 120 set on the EA and a take profit of 80 set. I also have relative profit set to true.

Looking at my statement and open transations, it seems the stop loss is not working???

I put a SL on for the demo because I know gofxpro uses one and I was playing before and have a DD of 15% that just kept sitting there without generating any new trades - I figured that is not the wy I wanted to try the program.

Can you take a look at the statement to confirm you see the SL is not functioning? What shoud I do to make it work?

Attached Images

DetailedStatement.gif (4.8 KB, 389 views)

Attached Files

DetailedStatement.htm (14.7 KB, 42 views)

Now that my temper tantrum is over... here is an example of arriving...

see spreadsheet below and enter in your numbers


ES

Attached Files

cOMPOUNDER.zip (7.2 KB, 67 views)

Hi,

C4 will not post a stop loss value on the open trades. Why? Because it is calculating the combined profit/loss of the multiple pairs it is controlling. Since it can't know which will be up or down, it calculates the combined values and takes action accordingly.

Also, it does not have a true stop loss function at all. It has a positive value trailing stop. Once the trade hits a user specified profit value, this feature can be activated and a dollar trailing stop value is used. The concept here is to NOT take losses, but to average in and/or build up swap until one can exit the trade profitably. (Refer back to my cow post).

You can manually add stop losses to each part of the trade, as well as add extra trades or even close out part of the position. The robot will simply track whatever is left.

Bill Young at GoFXPro does use stop losses for everything in his client's managed accounts. He also uses some special tools I wrote to help pick his entry/exit points, then adjusts the lot sizes as the trade progresses manually.

Trade carefully,
Bill

Here is a simple Excel spreadsheet that I am thinking about using. You only need to fill in one field on a daily basis if you wish..and if you add or take out money then only one more field is necessary to fill in. When Bill finally removes his commission from the account monthly or quarterly, you must blank out the transfer commish column. This spreadsheet is more specific to GoFXpro's/Bill Youngs managed account program (GoFXPro PAMM program / AutoFX DCL).

My 5 year plan is 5 million. (As long as Bill keeps doing as well as he does, I will keep adding and we will get there) The last column (scroll way over to the right) in the spreadsheet will show 5 million eventually ...I remain confident...hopefully within 12 months we will be there with the projections..and then it is to just wait 4 more years or add more to speed it up....

Thank you for the PM's of encouragement to those of you that are following this method and this traders Journey.

ES

Attached Files

cOMPOUNDER goFX.zip (63.5 KB, 65 views)

Thanks Bill,

As I understand your reply, there is no programmed method to limit losses or close trades that move too far against you? I was holding trades that were down -12% of account equity. They were like that for more than a week.
They were earning small interest, but because the money is locked into those trades and the EA kept adding onto that position every few days, the account is stagnant and not earning 1% - 2% a day.

Rather than earning 1% - 2% a day, my account was at -12% DD and earning 0.05% interest a day. What was wrong with my setup or how can I change it so I see 1% (heck even 0.5% a day)?