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I'm not a member of Igor's group, but in fairness to Igor he's always been completely open about the potential drawdowns. From what Ive seen posted publically, a key component of the methodology is based on using high leverage in an attempt to protect the account, sizable drawdowns where inevitable.
Personally I dont possess the right psychology to trade these types of staking plans, and I suspect that when push comes to shove, there'll probably be a few people agonising over the situation they find themselves in this week. I suppose that the systems either running within the parameters that its designer intended or its not, and until this weeks results are publicised noone other than members of the group really know the full details.
The time for highlighting and discussing these problems is probably best delayed until the present difficulties have passed, additional pressure defending critisism of the system in forums probably isnt really what anyone in the group needs right now. Regardless I wish Igor and his group well
i do not agree with your statement. Igor has ALWAYS claimed that it was strictly IMPOSSIBLE for his system to have a DD higher than 2600 pips...;and he tried to prove it in many occasions...just look back in previous post and you will find it
And if someone wants to claim that he lost half of his account, then post your compleet results by a statement of your account.
Do not refer to a drawdown that you never encountered personally or that you were never in.
Today boomylumi admitted that he lost 30% on his account. That is a lot but he admitted also that he compouned with 100% increase of postions size after only making 20% profit.
He realizes fully that if he would not have compouned after only making 20% profit he would not have lost that amount of money.
I have clearly explained many times in the room that if one wants to compound in this way that he wants to go from 1 mini or micro or whatever kind of a lot to 2 micro or 2 mini lots that he needs to make 100% profit. Not sooner.
Starting with 2 and go to 3 one needs to make 50% profit. Starting with 4 and go to 5 needs a 25% profit ...etc...
I and people like boomylumi are now even glad on what happend over the last 3 days. Because people get so overwelmed by the hughe profits that the system makes over the last month that they think that they can do what ever they want (taking way to much risk).
Tomorrow full explaination on the results over the last week. With explenation on MaxDD and the estimation on the profits.
Easy to say that the MaxDD is bigger but not saying that the profits are also a lot bigger. The R/R ratio of 7 over a whole year is no way and was never in danger.
Regards...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
These results are wintessed by the members in the video room ( and who are continious in the room and not dropping in the room now and then).
These results do not show the INTRADAY DRAW DOWNS that the system made.
For that reason tomorrow full explaination.
regards...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
Dear traders i wanth to tell you something; are you gamblers or traders?
if you are a gambler ,gamble IGORS MM and i will assure you, you will burn your account,why?because the great IGOR admited that is MM is a casino play, and like you know and i know you never can win (on a long time play)against a casino.I warned you the big boss IGOR can't forsee how much DD you will have(100,1000,5000,10.000 mayby 20.000 etc) if you can't forsee the max DD how can you forsee the amounth of your starting account?.If you suppose that a starting account of 10.000$ is enough to trade mini account whit a pip value of 1$ you are wrong , because there was a DD of 8250 pips these week,sure our friend IGOR recovers from is loss but never mention you that you can't trade anymore due to a margin call,and never tell you is recovering happens after 20:00 o'clock there where he complains to NOT trade after 18:00 due to a lack of volatility and volume during US session and ASIAN session.Traders stay trader and never admit gambling in the forex market ,if you don't believe ask real professional traders ,and not a trader who believes he found the HOLLY GRAIL who doesn't excist. Many people before ,mention to IGOR that his MM can burn an account , but he proofed by mathematicals, that the MM dd will be 2600 (look to the post he made in these treath),now we know better.
I look forward to the FULL details of this system during this week.
I'm told that members left this week because it got so bad.
I'm also shocked to hear that you don't actually trade your own system.
If it looks too good to be true.....
Disappointed potential member.
Hi Jack..s, What is your real agenda? A member since a few days ago, a total 3 posts, calling yourself a disappointed potential member something doesn't add up here.
Based on what you find that useing Igors MM the user will burn account? If you make such acusation please show us some proof otherwhise I suggest remove the posting.
Nobody can not stop members to trade after 18:00 that is a lie. Igor only said that the given timeframe is prefable not mantatory. One can do what ever he or she wants. I know couple of members who have been trading past that 18:00 and have done it well.
And again if you do not like the system then do not use it, but at the same time do not come here and attack other peoples work. You do not know nothing about it the I suggest that you do not post here cos if you do not know the system by hart then you do not know what you are talking about.
Cirps
Quote:
Originally Posted by EMMA1411
Dear traders i wanth to tell you something; are you gamblers or traders?
if you are a gambler ,gamble IGORS MM and i will assure you, you will burn your account,why?because the great IGOR admited that is MM is a casino play, and like you know and i know you never can win (on a long time play)against a casino.I warned you the big boss IGOR can't forsee how much DD you will have(100,1000,5000,10.000 mayby 20.000 etc) if you can't forsee the max DD how can you forsee the amounth of your starting account?.If you suppose that a starting account of 10.000$ is enough to trade mini account whit a pip value of 1$ you are wrong , because there was a DD of 8250 pips these week,sure our friend IGOR recovers from is loss but never mention you that you can't trade anymore due to a margin call,and never tell you is recovering happens after 20:00 o'clock there where he complains to NOT trade after 18:00 due to a lack of volatility and volume during US session and ASIAN session.Traders stay trader and never admit gambling in the forex market ,if you don't believe ask real professional traders ,and not a trader who believes he found the HOLLY GRAIL who doesn't excist. Many people before ,mention to IGOR that his MM can burn an account , but he proofed by mathematicals, that the MM dd will be 2600 (look to the post he made in these treath),now we know better.
The DD was accepted at 3000. it is now 8000+
You gave confidence to your members or the public that 3000 was a cap. if your account was set up the way you told them to, 8000+pips is almost 10% away from being blown up.
So you have guaranteed your members if they do not make their pips this month it would be free. Are you going to keep up to your word to that?
Simba mentioned how you are able to setup your account and how you are able to ensure a cap to 3000 pips was the most important part of it all. Looks like some people know your system better than you do.