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Lots of confusion and false expectations
Well, it has been more than six months since Igor started his group.
Let me give a little recap. Started with the "Zorro" system--a trend retracement system, which was basically trading every retracement in the direction of the prevailing trend as determined by different zigzag periods, confirmed by the price channel stop and an HMA 15 periods on 15 min tf. Partial profit was taken using % of ADR, and the rest by the price channel stop indicator. Not a bad idea, the problem is with ranging markets, whipsaws, sharp reversals, trend changes--the PC indie and the HMA(any MA) in fact perform REALLY bad. With this scheme of things drawdowns are unavoidable and uncontollable. The other crazy idea of Igor was to trade a godzillion pairs and indices to "diversify the risk". Therefore some days resulted in humongous profits, where others in catastrophic losses. This is almost equal to opening random trades across 10 pairs...... eur/jpy and gbp/jpy had great volatility for the first few months, so Igor decided to trade only those two pairs. He even went so far to proclaim the Zorro system as the virtual winner of the EA trading championship, after a look-back He kept posting screenshots of single trades on exceptionaly volatile days, and spent all day, every day to do a spreadsheet of virtual trades. Luring unsuspecting new traders with those shady selling techniques.On top of everything, he said after a few months that an EA will not be profitable with this "110 % mechanical system". After proclaiming the Zorro system as the imaginary EA winner earlier.... I personally know a few people that got excited and joined the group. Unluckily, they started to trade during consolidation periods and suffered losses and left...I know for a fact that the drawdown that Igor shows in his spreadsheets is much smaller than the actual. There were periods where the system was more than 1000 pips down...Imagine starting to trade the system during those times, terrible..... Therefore the next "fix" was "the ingenious" money management, which was nothing more than a martingale system similar to binary billionaire, but with more conservative scheme, to limit risk further. The next desperate attempt of Captain Zorro to save the sinking "Titanic" was to introduce another currency pair that "moves" GBPCHF, and then the options 1 to 6. That was trading after a losing day. Suddenly, he stopped posting and now he came up with a different system--the Matrix. Perhaps the next thriller from Igor would be called "Die hard with a vengeance" ![]() Honestly, I wonder if people that stay in that group for months are in their right minds, with so much confusion, controversy, and lies. Perhaps some people still believe in Santa Claus..... Last edited by mpower; 05-06-2008 at 05:23 PM. |
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Different Sytem
My contention is that the system Igor advertises is different from the one he was reviewed on. One of the tenants of being a successful trader is sticking with the same system and learning how to trade. The fact that Igor has gone through how many systems in the last two years and all very different so one can not argue that is a refinement. And again in the time Igor has had his commercial thread his system has many times changed by his own words. I believe it should be moved to the raw ideas until several people rate it. It is only fair.
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a few suggestions
Zorro_Trading_Group by FXiGoR
In response to the above post from the commercial thread. 1. Yes, it is good that Igor invites non-members to see how the system works, and to prove that entries and exits are truly mechanical. So far so good. I really do not care that he does not invite me since I am not interested in his system. I am against false claims and patching up along the way to make up for the shortfalls of a system. 85 euro is not a lot, but everybody would agree that people could have lost enourmous amounts of money following his system for the past 7 months, in fact quite a few people did suffer losses. You will not hear them complain since Igor told them it is their own falt for not following the rules..... Plus people are prone to brag about wins and keep quite about losing. Nobody wants to be a loser, right? 2. Igor introduces a system(the one and only that they will use) He called the Matrix a new system. Am I incorrect? What happened to Zorro system and the 6 options? Gone with the wind of change? Therefore since it is a new system, ND I suggest that you close the Zorro commercial thread. Close the Zorro evaluation, since the system does not exist anymore, there is nothing to evaluate. Open a Matrix evaluation thread. Give Igor a month to produce a demo statement or real if he wants. Members of his group or himself can trade the account. But please provide a statement with FULL history for the period. Not posting single days and referring to sub-account balances, etc.--it just does not look trustworthy. Provide a metatrader or statement from another platform that everybody is familiar with. And please detailed statement for the FULL PERIOD. The statement should have 100-150 trades at the bare minimum. If you claim the system to be 110% mechanical, please be prepared to provide ND with screenshots for selected trades to prove that you had clear entry and exit signals for the trades and you did not intervene in a discreationary way. To Igor: That should be enough to prove that you(Igor) are not scamming people and you(Igor) will get MANY customers. It is that simple instead of waging verbal wars with me and calling me names etc. I really hate injustice. It is your time to stand up and defend yourself with results not with empty words. You often say that everything that you claim is build on facts. So give people the facts ![]() |
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iGoR asked new thread for new systems but I suggested him to keep just one thread for all the systems.
Because he can create many systems. Do you remember Steinitz asked for the section with many commercial threads? I refused. Than he asked for 3 or 5 commercial threads. I refused. What we could do if Steinitz had 20 commercial threads on the forum? The forum will be renamed in this case to forex-steinitz forum ![]() iGoR is very hard working person and very productive. He can create many systems as commercial ones. Because of that it is better just to keep one commercial thread and one evaluation thread for his systems. At least some limitation ... otherwise ... you know ... Steinitz gave Metatrader's statements every week. And members (including iGoR) had a chance to investigate that Steinitz changed the statements/account every week. It was one of the main reason for deleting his threads. iGoR was one of the main person who acted very actively for deleting the threads because of Steinitz' changing the account every week (one of the main reason). iGoR gave nothing. No any Metatrader's statements (I asked by PM many times). And no one cares ... I do not have any information that iGoR is scammer. I do not think that he is scammer. Simple it is not honest situation at all. Quote:
Last edited by newdigital; 05-08-2008 at 07:18 PM. |
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mpower you are full a crap and you will always stay like that.
You make some observations and based on your observations you say they are facts. They are not facts they are assumptions and lies. The spreadsheet shows 100% accurate what the draw downs were according each and every signal that our system gave. Their is not one member in the room that would accept that we would have a loss or drawdown of 200pips or on a particular day and that I would fill in 50 pips in the spreadsheet. NO ONE. On the contrary !...when there was a discussion about some trade I have always taken the worst result!... The signals are automated and the spreadsheets were filled according the profits and the losses each signal gave and that every day. It happend sometimes that in a week I did not find the time to update my spreadsheet. Every time this happend I contacted Arctic_4x on saterday and we went together over each signal to fill in the spreadsheet. The fact that you say that 1000 pips draw down is an absolute killer, shows and proofs again that you don't have any clue what trading is about. If a system makes 10.000 pips over a 7 month period and in that period a system would make 1.500pips draw down then that is an amazing reward/risk ratio of 6.6. Give that reward/risk ratio to any professional trader and he sign up for it emmidiatly. Because he would adjust his leverage to the pips not to the money. In your narrow mind 1.500pips is way to much because with the leverage and the money management you use you would burn your account 15 times. Would not suprise me that your account is so small that you can't put it any smaller to deal with 1500pips draw down. But that is your problem not mine. People in the room where given a money management plan that was and is completely in line with everything happend in profits or the losses. And most important with everything I predicted and said would happen. Of course if some individual does not want to listen and places his leverage in such a way that he is only interested in the profits and not in the losses he got in serious trouble. Is that the fault of the system or money management or the individual that doesn't want to listen.... I remember FXBabe a couple of years ago she came to me and was interested in a system of me. She asked me 1 question: what is the draw down in pips that your system can make...(without asking about the profits)... I do not remember the system anymore but lets say it was 500pips. She said oohh that is way to much.....I tought to myself is that woman serious or what?!...How can one evaluate a system by asking or looking to the drawdown without looking to the profits or the R/R ratio.... When I introduced the money management plan, the biggest drawdown we had encountered was 492 pips. On that moment (2nd Jan) we were at 6120 pips profit. Meaning a reward risk ratio on that moment of 12.4! About the elements or systems or setups that I change, I have the tendency to be boss in my room. BUT I also have the tendency to listen to what people can or can not do in practice. People complained that they can not trade 9 pairs with the amount of trades that each pair was producing. For that reason I changed my system. I changed my system again because some people could not cope with the bigger stoplosses that the standard ZoRRo was producing. About trading 9 pairs is equal as tossing a coin, again shows proof of your frustrations that you would tell what ever comes up in your narrow mind. Tell a professional trader for an institute he can only trade 1 pair or 1 index or 1 stock and he will ask you ..WHO the hell are you to come up with such idiotery?!...The more instruments you trade to more diversification, the smoother the equity curve!.. You gave already severall times proof of trying to pull things completely out of its context and you do it again. Only very recently. You posted 1 sentence of me of a PM that I wrote you. You tryed to make people believe that I wrote you that I scam people because over 12 years I met more people that wanted to be scammed that earn good and honest money true real trading. If one reads the whole text there is no such thing that I have said. The only thing you would like to post here is iGoR I HATE YOU...I HATE YOU...I HATE YOU.... Lucky enough some people have brains in their heads and have followed each word of you that you said against me. They know what kind of a person you are. As said full hate and full of crap. iGoR
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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; 05-09-2008 at 11:19 AM. |
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Quote:
If a system or a pair or a market doesn't work any more, leave it for what it is. You are not married to a market nore to a pair nore to a system. Precisly 1 year ago the forex market was dead. If you want some proof for that. Take a weekly chart and place a ATR (5) indicator on any chart you want and look to the average true ranges it produced. On some pairs you will see it was the lowest over a 20 year period. If I see something like that I abandon that market. That is also what I did and anounced in my public room. I said NO MORE trading on forex for me till this period is finshed. If it would have taken 2 years so be it. That is or was not a problem because the stock markets were doing great on that moment. For the majority of forex-forum-people a big problem because they only have forex accounts and the biggest problem is that they see that the margin for only 1 S&P-mini contract is 6400$. They even don't have that money. So that is why they are, obligated to stay married to the forex because of the money (like in real marriages). Also for you, you make it sound you realy realy know some FACTS. You say I'm going trough sooooo many systems. The stadard ZoRRo system containes 50% of T_S_R system signals and 50% of the ZoRRo system. That are ONLY 2 Systems. And most important 2 systems that I made public here on this forum. The MaTRiX system is the ZoRRo system but I added 1 indicator to it the ZoRRo_MA. THAT'S IT. So where are all these so called many systems. If I say to people that an EA would not work it is because an EA can not addapt itself to the market conditions. I am a sucesfull trader and have the tenant to addapt my system or tune my system to the market conditions. Did I ever say that I would stick till the end of time with 1 system and one set of indicators or always with the same parameters for these indicators ?... No, on the contrary, I said I would change them when ever I feel nescessary. Or are you suddenly making the rules that one needs to stay for the rest of his life with one system. Do I need to check out your postings you made to see for wich systems you showed interest. Can you swear that you stick the day you started trading till now with 1 system ?....like your friend mpower who is in the hamapad topic chearing and auplauding who is the simba topic chearing and aplauding who is in the bouncing pip topic chearing and aplauding..... Now, Because YOU say that I should stick to 1 system ( who told you that ?...show me where that is written as a rule ?...that is your tought, not mine) I should move to the raw ideas section. Who are you to say so?...You show me who you are, what you did, what you achieved, what you personall profits are, your printscreens of your system, the systems that you develloped and maybe it will give me some proof to listen to you and think you could be right. Untill then I THINK I better stay in the section where I am now till someone with more knowledge and tradingskills then me can tell me what I need to do. And one more little detail, if I would be placed in the raw idea section, WHO is going to evaluate my system and the way I conduct my room ?..guys like you who feel frustrated because they can not enter in the room--lack of money-- and who are standing on the side line or the members who are in the room ??... If you ask the members of my room where I need to be they will most certainly say...stay where you are. So again who are you to judge me or my systems ?...who are you tell me...a person that has not placed 1$ on the table who has not spend 1 second in my room who had not to occasion to earn 1pip based on my system is going to tell me where I should be placed?!.... And most important who is never going to spend a second in my room is going to evaluate my system ?!.... Get a grip on yourself.... You also give the feeling that you would like to kick me in the balls or give me some sort of a punishment just because of my style not because of my results nore of aaall of the systems I develloped. Because I know that you think, indeed all of these people that join every month his room, they can't be all blind idiots. Or it would very arrogant of you to think that you are wizer then all of these members together. regards...iGoR PS. About people who are frustrated that they can not enter in the room because of lack of money--read my poll I have placed on my topic. 95 people admitted honestly that they do not have the money. But lucky enough that they don't all feel so frustrated and feel the need then to try to destroy or attack something that they can't pay for. When I had my porsche many times I found my car in the morning or on some parking place scratched with keys back to front. Now I see what kind of people are cappable of doing something like that. What they can't have or don't have acces to or can't afford, needs to be attacked or destroyed.
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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; 05-09-2008 at 11:03 AM. |
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Quote:
Thanks for you objective vieuw, logic way of thinking and common sence. One remark I would like to make: The mutual thing between steinutz and me is that we were sitting both in the commercial section. The big difference between him and me is that he tryed all kind of tricks to fool and scam people to get that one time 50$. Many people after paying that 50$ screamed hell and fire that they were scammed and that they have payed for an empty box. I need to proof myself every every month in the room or with my systems, that people have to pay again the 85€. I do not see any screaming or swearing of any of the members of me on my topic (Beside some idiot remarks of people who don't have a clue or who are just angree that they come on a FREE public forum as forex-tsd but they do not have any acces to all of the inforamtion that is given on the forum because they need to pay to get in a room)( and actually feel that they could learn a lot in that room). The reason I mension this is to try to give you that little push because you still think I am not a scammer but still not fully convinsed. As said new digital, if you have an afternoon free please contact me so you can come to the live video room and see for yourself and listen. And hopefuly you report here what you saw or heared. I know it going to be something like....iGoR has a system. He gave it to the members of the group and they can trade with it...if they make profit or losses I don't know but if they come back every month to his room it must be that they are satisfied. Again thanks for your objective posting. regards... iGoR
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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; 05-09-2008 at 10:36 AM. |
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Cut the rumbling
Quote:
Instead of the long, pointless rumble you could just do that. Why do you keep avoiding the statements topic? Feeling scared, insecure? |
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Chart sees the History
It seems the same all the time, people say that "my system" does not "repaint" my system is special. The problem is that every indicator repaints to some extent. And an arrow is just a token of past history, and in forex unless you know the big players and what there next move is going to be than every trade is just a calculated gamble..plain and simple. Trading forex is a lot more simple than most people think, they use too many indicators, read too much news and have too many bias to trade efficiently. For everything that people try to take away from iGOR there is one thing they cant take away and that is he does know how to trade forex, he knows all the tricks and i believe that he does trade but in a different way to his current system. I learned a great deal from him and his "Paltalk" room last year, that was for free. I would not pay anybody to learn how to trade i believe that if somebody has a winning system then they are not going to give it away so all of these "systems" are a big waste of money. But if somebody does get the chance you can learn a lot from iGOR.
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