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2 Little details:
- of the very few people that critisized me not one of them was ever a member.
- And in belgium we don't have a beer that is named 666. But I can give you a list with belgium beers. If you want to drink them all make shure that you stay over for a couple of weeks. A couple of months would even be better ... Lijst van Belgische bieren - Wikipedia
regards and c ya....iGoR
Hi Igor,
Yes,you are right,666 is Canadian beer,the belgian one is called Satan Gold ...Thanks for the list,next time I go to Antwerpen I will buy you a drink..and hopefully it won`t be a glass of water
Beautifull day again. It went a lot easier then yesterday.
I took only 2 short trades and closed at the news with an order that was waiting.
On the statement it looks like I took a loss but that was the close on the shorts. I closed it a bit in a wrong way. Instead of "matching" my orders to each other I closed them each seperatly but the result stays the same.
The yellow lines show my 2 entrys that I took.
Total result + 736$ or + 3.2% up on the account balance.
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
What is the difference between a signal service and me providing indicators and templates that give you in real time every possible entry and exit signal ?...
In each of the 2 possibilitys the user needs to push the button.
If the user descides to bend the rules by refussing to take an entry or jumping to quickly out of a trade then emmidiatly his result will be different that the official results. But that is his problem not mine.
So I never gonna help to build an EA so people hope to make money by not sitting in front of their pc's.
Trading is a job. A commitment. Requires discipline. As every other job.
The new skool of traders want to make money but have the feeling that sitting in front of their pc's to make that money is a waste of time.
If they feel that way then I sujest that they pick-up a normall 9-5 job again.
And as I said so many times, I make a system that helps the majority of the serious traders. And the majority of the serious traders do not trade from a MT4 platform.
If one surfs over the forex forums one would start to believe that the majority of the forex traders is trading true MT4 platforms.
A serious amount of traders is indeed using MT4 as the software to generate the signals or uses MT4 to make their analysis or TA or generating the entry and exit signals because the software with all the data on many markets is 100% for free. Data that if you would like to get that on all the markets that the WHC platform provides in real time from for ex. e-signal you pay easely a 1000$/month.
Data that can even be red into MetaStock professional or Omega Tradestation or Amibroker with the help of the DDE link. But very very few SERIOUS traders use the MT4 broker to trade from.
Only people who have a few 1000$ to spend on trading.
And most important is that aspecially those are the people that I don't want to deal with. If one has only a few 1000$ to spend on trading then one should work at least an other decade till he has a lot more money to trade from.
If one goes to the S&P-mini market one needs at least an initial margin of 6000$ to go over night with only 1 stupid contract. If someone would do a real investigation on a forum like the one we are here now, I strongely believe that not 70-80% of the people who are saying that they trade have 6000$ at their dispotial. And that is a for the mini-market! And for 1 contract!!
On MT4 brokers they use not only mini but micro and also nano contracts.
How redicilous is that. It is like playing with the LEGO blocks.
Why not allowing moleculairy or anatomairy contracts so 12 year olds can trade from the money they received to buy a pack of chewing gums.
Friendly regards...iGoR
PS. If you receive mails from me with updates that means that you have request some information in the past. I never have send any mails to people who never asked for information on the ZoRRo trading group.
That is true about not following rules, and the precise reason I asked for your opinion on signal providing. I find it has a higher success rate than following a chart visually, I could be wrong though because each trading room operates differently depending on the operator. A robot is instantanious in its executions, if a trader has a choice of only making once click to confirm this is a plus as I can see, I trade manually and also use autobots and my average time in front of a trade platform is still 9-12 hour each day that i trade.
MT4 is the most popular trade platform in the forex, perhaps the 5% elite use other platforms and MT4 traders throw all their money the to elite 5% that do not use MT4. I would like to know how this works exactly. I do agree with you, do not interpret me wrong.
Realistic trading accounts start at $20,000 minimum. If you think MT4 traders and the MT4 platform is only for Kindergarten then why poach such traders? At the end of the day the fact remains you use sound maney management, risk control and a good trade strategy, if you have a fair account balance and the strategy does not have high DD or dropdown then you win.
That is true about not following rules, and the precise reason I asked for your opinion on signal providing. I find it has a higher success rate than following a chart visually, I could be wrong though because each trading room operates differently depending on the operator. A robot is instantanious in its executions, if a trader has a choice of only making once click to confirm this is a plus as I can see, I trade manually and also use autobots and my average time in front of a trade platform is still 9-12 hour each day that i trade.
MT4 is the most popular trade platform in the forex, perhaps the 5% elite use other platforms and MT4 traders throw all their money the to elite 5% that do not use MT4. I would like to know how this works exactly. I do agree with you, do not interpret me wrong.
Realistic trading accounts start at $20,000 minimum. If you think MT4 traders and the MT4 platform is only for Kindergarten then why poach such traders? At the end of the day the fact remains you use sound maney management, risk control and a good trade strategy, if you have a fair account balance and the strategy does not have high DD or dropdown then you win.
Hi,
If I may add my 2 cents..regarding the use of platforms/brokers
Several reasons :
1-Slippage:None at Dukas,Hotspotfx,etc,limitable at serious brokers like gft...
2-spread:I am trading GJ with spreads of 2 to 5 pips,depending on market not on liquidity provider and GU/EU with spreads of 0.5 to 1 pip..
3-Scalping:WTF is the non scalp rule? a trick to rob you of your money,I scalp ,GU mainly,like crazy at Dukas...I couldn`t do it at any mt4 broker..spread+slippage+flagging as a bad boy for scalping kill the potential for this very lucrative business
The most important reason....
4-Trading interest:mt4 brokers,and most brokers,trade against you,some of them,not all,even resort to disconnects,requotes and clearly telling you that they don`t want you there,since you are not supposed to be profitable.
Trading is a tough enough business to have to fight against your broker too,so,do not use a broker,use a liquidity provider like Dukascopy,Hotspotfx,MBT..Dukas policy for account opening starts at 50k usd ..Hotspotfx and MBT requirements are much lower,so this is no longer an
obstacle..execution is ultrafast at the 3 of them,volumes are high,there is real liquidity there and commissions are low..12$/18$ per million traded (Dukas) adds 0.12/0.18 pips to the spread..so what?This is practically irrelevant.
Of course there are more liquidity providers than the ones I mentioned,I just posted about what I have direct experience,and so,my advice is to check on all of the ones you have available,and then make an informed decision..and I still use one broker,which has shown over the years to be extremely serious and competent,but,frankly,now he is handling only a small part of my business...so,do not discard serious brokers too in your analysis,mt4 based or not,but as a general policy,the trend is towards liquidity providers trough non dealing desks access(probably mt5 directed?)
MT4 is the most popular trade platform in the forex, perhaps the 5% elite use other platforms and MT4 traders throw all their money the to elite 5% that do not use MT4. I would like to know how this works exactly. I do agree with you, do not interpret me wrong.
Realistic trading accounts start at $20,000 minimum. If you think MT4 traders and the MT4 platform is only for Kindergarten then why poach such traders? At the end of the day the fact remains you use sound maney management, risk control and a good trade strategy, if you have a fair account balance and the strategy does not have high DD or dropdown then you win.
Hi Fsexy,
I don't want to push this into an unnescarry discussion.
But first of all I said that the MT4 platform is a very popular platform. BUT to use as software for TA or generating signals or as a data vendor for other software programs such as Amibroker or Omega or MS.
It is a very popular platform that is used as a broker also but amongst people who trade from a couple of hundred dollars max. a couple of thousand.
You say yourself in your last posting that a REALISTIC account starts at 20.000$ or I understand from this a NORMALL trader is trading +/- 20.000$.
Believe me Fsexy there is not a normall trader that would put 20.000$ with a MT4 broker.
In my room I asked 4 months ago who was trading from an MT4 broker. When I asked the question we were sitting with 15 people in the room at that moment. ONLY 2 people said that they were using an MT4 broker with a small amount of money BESIDE an other normall broker they have with a normall amount of money.
All the rest are indeed using the MT4 platform as a software package for the signals but have other brokers to trade with.
One thing I can agree one with you is that the big majority of the traders who have only a couple of dollars to spare trade from MT4 brokers.
But I am more then convinsed that in money they don't represent more then 1% of the forex market.
Try to understand that not one serious trader that want to trade from normall to large amounts of money is going to deposit this with an MT4 broker.
The fact that the traders in my room have normall acounts proofs that the room is not a kindergarden. But people who trade in a normall realistic way.
2 weeks ago, honestly, I red here on forex-tsd a question of someone. He asked..: ..can someone point me out to a serious broker?...I would like to deposit 200$.
I said to myself...are you serious ?!....Do consider this as a serious amount of money ?...wouldn't you better keep on playing on your playstation or on your Xbox360...
So all people who trade not with MT4 brokers are not the ELITE. They are the normall traders. They represent the vast majority of the capital that circulates in the forex market.
Friendly regards..iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
An easy day today that gave me the chance to close my books very quickly.
After 2 hours trading I was finshed.
I took 3 trades in total marked by the lines on the chart.
First 2 were loosing trades the 3rd one was a nice trade that recovered the losses and added an nice profit on top of it.
The profit + 842$ or +3.2% up on the account balance.
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
This month was a month where I personally learned a lot on human behaviour.
Till the previous month we have been trading with the standard ZoRRo system on 15min charts. With only 1 set of rules for entry’s and exits and even every signal was automated where to take profit and place the stops.
Each month at the end of the month I asked a bit around in the room if people had more or less the same results as the official results. Beside 2 people, no one came near to the official results.
When I asked a bit more questions about the reason why then it was every time very clear that people just did not stick to the rules. If they had 2 consecutive losses then they skipped the next trade because of fear getting an other loss but then that trade was a nice winning trade. Or people had already 3 consecutive losses but where the trade was first in profit before it turned into a loss. So the next trade as soon as it got 30 pips in profit they jumped out. If they would have stayed in the trade they would have made a very big profit that would have covered previous losses and added a little bit profit on top it.
Every new month in the beginning of the month I gave several lectures and speeches about the fact that the only way to get as close as possible to the official results is to take in EVERY single trade and stay in EVERY single trade till one has to really exit. How much I repeated myself in sticking 100% to the rules how quickly I noticed that people didn’t want to stick to the rules.
It is like some little voice in their head that says that with intervening in the rules that they could do better then the system. Driven by the 2 classical emotions who take the upper hand. Fear and greed.
At some points that was quite frustrating for me. For all the same I could say to myself: Don’t bother about that they pay you and what their results are that is their problem. But I don’t work like that. I would like that people stick as close as possible to the rules of a system. And this way get beautiful results.
To solve this problem I developed the MaTRiX_ZoRRo setup. It is one template but I developed different strategies or rules that one could implement or trade from according each persons emotions or desires on the size of stoploss or hitrate etc…
So actually I gave them a system with a lot more freedom so they don’t need to stick to 1 set or rules but trade how they would feel it…
Now the very strange thing about this is where people did not stick to the rules when I gave them 1 set of very clear rules, people now felt lost and confused because they could not make up their minds on how to deal with that freedom of having a personal choice.
That is where I learned a lot about the human psychology. Give people clear rules and they will look to disobey them. Give them freedom and they don’t know how to deal with it.
People asked me continuously, what is the official system now?...
It was like they wanted to know the official rules so they would know how or when they would disobey the official rules.
With this knowledge now I realize that it is better to give something 100% official where people then can decide what they can NOT do then to give something where they need to decide what they SHOULD do.
Lack of official results was what people also missed. They did not have a bench market anymore to compare how good or how bad they were doing.
I decided a month ago to not publish anymore spreadsheet results because people on the forum accused that they only represent what the system was doing but did not show the results of a personal trader.
From next month on I gonna post again a spreadsheet with official results according 1 official set of rules. The results will represent the profit or losses that would have been made if one took in all the signals according the official rules of the MaTRiX_ZoRRo system on a 1min. chart and this ONLY on the eur/usd.
We normally monitor normally 5 pairs but for me it is impossible to calculate every day at the end of the trading session all the results over 5 pairs. That would take me an other 1-2 hours before I am finished.
I went over the last month on the eur/usd and calculated the results according the official rules (For those who were in the room last month, that is according the normal signals that you receive and the help of the slope direction line and exit based on price channel. The entry with 2 lots and exit 1 lot if you are in a profit that would cover the stoploss—free ride or B/E).
To those who felt confused or lost the last month, I now strongly suggest again to stick to the rules. To make it yourself easier, monitor ONLY 1 pair and proof to yourselfs that you can get as close as possible as to the official result. If for ex. you can proof to yourself that you get in 75% range of the official result ONLY then you should allow yourself to trade more then 1 pair.
If someone else in the room would have made 200pips by trading on 4 pairs don’t listen to it. Mind your own business and make sure that you can proof something to yourself. Don’t try to make harder on yourself then it already is. If one can not stick to the rules of a system on 1 pair how would you be capable of doing so on 4 pairs.
The total profit only on the eur/usd can be seen in the spreadsheet. It should speak for itself.
A total profit of +581pips and only 3 loosing days on 22 trading days.
I’m convinced that the majority of the people in the room did not realize this. I must say I was also a bit surprised ( I went over it 2 times to be sure).
Try to do the same next month. And please realize that the only way to accomplish this is by sticking 100% to the rules.
Try to do this with the help of thinking that you are a bad trader. If you would be a really good trader you would not need me or any help from someone.
If you accept that you are a bad trader then that is the very first but most important step that you took in following a system. Because only then you will realize that a system will perform better then you do and that on your own their was no way that you could have made that result the last month.
I know that this feels not really what you would like to do or to be. You would like to be a trader and not some blind follower of a system that dictates you what to do. I know that it will give you a dumb feeling.
But try to take it from that first step. And give it time to build up confidence and experience and knowledge that will give you then the feeling that you could intervene in the rules. And with time I don’t mean a couple of days nore weeks nore months.
I have added also 2 charts to show you the enormous improvement we done from the standard zorro 15 min to the MaTRiX_ZoRRo system on 1 min.
In the room I have explained from the very first day and repeated myself many times that the standard zorro system is a very solid system but that we would get in trouble when the daily ranges would get smaller.
That is also the reason that I refused for an EA to be made. It would show us great profits over the last 6 months but for all the same very bad results over other periods or other years.
That is why I said that a trader can recognize market changes where an EA can’t do that or adapt his rules to the new market conditions.
We managed to do so and in a reliable way. The 2 charts are on the eur/usd and the same day (15th May). I took on purpose a bad day (ranging day). Because a bad day gives more proof then a beautiful day how good a system performs.
On the standard zorro 15min we would have lost – 158pips that day. On the MaTRiX_ZoRRo 1 min chart we got away that day with 1pips loss.
We all know that the simplest system makes money in nice trending days. A powerful system is a system that can filter out the bad or false signals given in ranging days. But the filter should still allow to get quick enough in a position when the trend starts.
I’m convinced we have developed this with the MaTRiX_ZoRRO system.
I wish you all the best of luck for next month and the necessary discipline to stick 100% to the rules. They are simple and straight forworth.
All teaching and trading is done true a LIVE video room where one can follow ad see my trading platform. To each member the indicators are given with the templates so each individual has the complete system again on his platform.
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
Yes Igor
I dont know that!!!!!!!!!!!
Igor I will expect your email within 3-4 days then,
Thanks for your concern Igor...
Looking forward to hear from you,
Raul.
This morning a little bit of problems to start the room due to internet connections.
But after a couple of hours we managed to take off and it was a nice day.
Severall new faces and eager to learn.
Everything went smoothly and also the price action.
The MaTRiX_ZoRRo took a +61 profit on the euro.
2 B/E trades and 2 winning trades.
The euro did not move like some other pair did today but managed to sail nicely in the couple of down and up moves.
Great day to learn from and to explain the signals.
The aqua lines show the B/E trades the yellow lines show the profits.
To be continued
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
A couple of days ago I said I would change accounts because I felt that sometimes their was something wrong with the orders that I wanted to place or the open trades that I wanted to close.
But it looked like the problem was solved out of itself.
Buit friday I happend again.
I was stuck in a position that made serious loss and I could not stop and reverse or even close the position. Every single action I took I could not open a window to open or close my positions. Even re-starting my pc did not help. So I could not get rid of that loss and could not open a new trade when the trend had changed so I could not fight back from the loss.
AnthonyQLD and some other people witnessed this whole problem in the live video room and could also not give any help.
So I deleeted the account and opend a new account friday.
I took in new trades friday according the trend and wich I closed this morning.
The old account statement is saved and if new digital wants he can have a look into it.
The results from friday to this morning on the new account:
+ 5703$ or +19.01%!!
To be continued...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
...
...Thanks for the list,next time I go to Antwerpen I will buy you a drink..and hopefully it won`t be a glass of water 
Regarding Zorro trading group/room
Linear Mode
