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I've been a member of Prosperatrade for a littler two weeks. On a $500 micro account, I'm up $172. Very happy so far. Note that this is one of the better months, but my results are very close to those reported on the site.
I started my trial period on Sunday. Unfortunately, I chose the wrong lotsize setting on a FastBrokers demo account where is no possibility to trade micro lots, so I got many 131 errors to this morning (CET) by the time I waked up and no trade has been open.
I corrected my error putting 0.1 instead of the default 0.01. Hope the second orders will be taken well...
You can still test drive the system and auto-trade on a demo account to see how it all works. The weekend is the best time to join so you can setup MetaTrader and the EA trades before the market open on Sunday.
Let me know if you guys have any questions.
Jordan
Jordan,
Thanks for extending my free trial for 1 month,I am obviously testing it on a demo,I will report my opinion about your system,your suggested money management, and about accuracy of statements(for the past week,the global accuracy was good,some minor differences in a couple of pairs,but irrelevant for the net global profit)....This week has started out "tough",let`s see after the end of week if the system recovers and what max dd it has had to sustain.
I will report around November 13th,once the test is complete,unless there is some exceptional situation that will require me to post here before that date.
Regards
S
__________________
Equo ne credite,Teucri.
Last edited by SIMBA; 10-20-2009 at 06:01 PM.
Reason: Grammatical ;)
Thank you for bringing your system to our attention.
I would also like to offer to test your service for the next month, reporting to the membership here how well it does and how accurate your forward testing records are.
I have demo accounts open at both FXCM and FXDD and will gladly do a comparison study on them. They should be very close, since your system is a weekly swing type. We will see.
Thanks for extending my free trial for 1 month,I am obviously testing it on a demo,I will report my opinion about your system,your suggested money management, and about accuracy of statements(for the past week,the global accuracy was good,some minor differences in a couple of pairs,but irrelevant for the net global profit)....This week has started out "tough",let`s see after the end of week if the system recovers and what max dd it has had to sustain.
I will report around November 13th,once the test is complete,unless there is some exceptional situation that will require me to post here before that date.
Regards
S
It is important to note that there will be slight variations in execution price from member to member. This is because the signals are executed based at a certain time, not a certain price. The time from each person's computer/vps may vary slightly by seconds up to a couple minutes. Therefore the execution price for both entries and exits will vary slightly for each user.
However, as has already been posted, your performance should be very close to what we post.
Sunday/Monday had us in a bit of a drawdown but it looks like the system was able to pull out and we're currently sitting at a few hundreds pips profit this week. We'll see how we end up after tomorrow and I'll come back and post the results.
This is what I hate about all MT4 stats , yes any one may have made 2000 pip in a month .But there is no way of telling the amount of "heat" draw down taken per trade unless you go back and check each trade to find the draw down it took before it closed in profit. That is the main reason I like sites like Collctive2 or Zulu ,in there reports any one can clearly see the amount of draw downs vs gians. Sure many traders may make 100 pips .But not before taking 300 to 500+ pips of floating losses. Which is some thing NO MT4 stat or statement will ever show.
So how about posting a Draw Down schedule for each trade wins and losses?
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