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This system made 50%/2 months. If you invest 10k and accept risk 5k, after 2 months we have 5k profit or losing 5k max. If we have 5k profit, we will lock 10k initial deposit and after 12 months we will have 160k net profits or 1600% by increase lot size after profit made.
Auto FX
Auto,
Thanks a lot for your kind explanation.
Ok,so you have a 50% chance of doubling your account in 2 months...is that so?
Then,once doubled,you withdraw your initial investment,5k,and play with "Free" money,am I wrong?(I am,free money doesn`t exist )...but ,ok,I understand you,and,as to now,your numbers are good,so,I am all ears. )
Then,once withdrawn,you go ALL IN and in a year you will make a lot of money..I presume this is the basis of your argument...yes?
OK...Questions,Additional,sorry
1-If your system is so good that it compounds 50% every 2 months..Why don`t you just let the money there?...10k after 2 months 15k,after 4 months 22.5k,after 6 months 36.5k....ok,I will not bother our readers with numbers ...after one year36.5k*3.65=ok,let`s say 120k-140k rounded ...man,the administrators should allow me more smileys,I really can`t do it with just 4 of them.
2-Ok,I will try to reply to my own question...Your main argument is "Once you double your account,withdraw your initial investment,cross your fingers(those smileys again) and then you can have lots of money...But why withdraw your initial investment?...Because system is very High risk....
2.1 What is your Initial risk(that the 5k don`t reach 10k)?Do you know it?
2.2 What is your Running Risk(that you crash 1 year from now trying to multiply your account by 32*)?...Either your initial risk or the Running Risk will,probably destroy either your account or your cumulative profits...So,
2.3 The Real question is what is the probability that your system won`t crash,either at first 2 months or at first 2 years..if it crashes at first 2 months,you lose what?....if it crashes during first year..you invested 5k for nothing...before commissions
Regards
S
Eagerly waiting for your reply..and,up to now,your numbers look good,so don`t take it personal,I am just somebody trying to diversify a % of his investments,with some tough questions for the ones that get the job
The Real question is what is the probability that your system won`t crash,either at first 2 months or at first 2 years..if it crashes at first 2 months,you lose what?....if it crashes during first year..you invested 5k for nothing...before commissions
Hi SIMBA,
DO NOT trade money that you cannot afford to lose!
1-You didn`t reply to my points about your risk of not getting those first 5k..doubling your initial stake ...By not replying,you acknowledged your system is extremely risky...You were presumed to be a vendor posting here to explain his system,not some scammer hiding being vague and unespecific comments,which is what you have suggested you are...again ...What is the risk of your system not reaching your first target?...Either you are a scammer or not very bright,the question is clear,so,who would buy a system from a scammer or from somebody not very bright ?
2-you didn`t reply about my point 2...If,miracles happen,you achieve your initial goal,what is the risk of not getting to your 160k target?...100% ?..ok,99%,miracles happen.
If you don`t want to sell a system,Don`t explain..you have to explain to sell it,my friend,you are not a very good marketer either.
And,I know more about investing than you will ever know..obviously,you may know way more about losing ..since you still haven`t quantified your degree of risk.
A system seller that doesn`t explain legitimate questions about his systems...very fishy...ALL READERS,these kind of replies from a system vendor should put you on red alert...There are so many systems at RAS,you can choose among the serious ones that explain the implicit risks,and reply to the questions...not those that evade them.
maybe you will not get answers, since the offered system is trading like any 10p3 hybrid with a little twist on USD-JPY with a trade spacing of 30 pips.
The twist appears to be, that the system vendor uses some discrecionary judgement, when to turn on/off the system.
We all know, what the risks are, don`t we.
So i see no point in discussing a well known trading approach, which has already failed 1 mil times before, especially not, if you can download >100 hybrids for free.
Paying 499USD for a traders decision to switch on /off a system might be fine, but if nobody knows the reasoning behind it, i regard it as gambling and not as trading.
Certainly Mr.AutoFX won`t tell you his secret sauce, because than his system can be traded by anybody for free.
This particular system is only based on the personal decision of the trader/vendor. The more often he is right, the more money you can make.
If he fails once to judge/guess? correct, than part or all of your money is gone, depending when you started.
Far too much attention for a system we have all seen(fail) many times before in the end.
It only matters "when", not if.
Janus
Last edited by JanusTrading; 11-05-2009 at 12:59 PM.
maybe you will not get answers, since the offered system is trading like any 10p3 hybrid with a little twist on USD-JPY with a trade spacing of 30 pips.
The twist appears to be, that the system vendor uses some discrecionary judgement, when to turn on/off the system.
We all know, what the risks are, don`t we.
So i see no point in discussing a well known trading approach, which has already failed 1 mil times before, especially not, if you can download >100 hybrids for free.
Paying 499USD for a traders decision to switch on /off a system might be fine, but if nobody knows the reasoning behind it, i regard it as gambling and not as trading.
Certainly Mr.AutoFX won`t tell you his secret sauce, because than his system can be traded by anybody for free.
This particular system is only based on the personal decision of the trader/vendor. The more often he is right, the more money you can make.
If he fails once to judge/guess? correct, than part or all of your money is gone, depending when you started.
Far too much attention for a system we have all seen(fail) many times before in the end.
It only matters "when", not if.
Janus
JanusTrading,
I see you have 10 systems on RAS but 6 of them (60% of your systems) are losing.
i had nothing else expected, than any "junior" member stepping up and making a comment.
Unfortunatly, you can not even read statistics and can not even tell whether a system makes money or not.
Simply read "total USD" in the right column.
Posting a 30 days statistics might not be enough, since the systems run over 6 months now and it simply confirms, that you have no idea how to use statistics correctly.
Better look twice, before posting and not post inactive systems too...........
And certainly, you can not identify a system as beeing a 10p3 hybrid from a MT4 stats account page.
AutoFX system is nothing more than just a very simple Martingale 10p3 hybrid for USD-JPY and 30 pip spacing and an ON/OFF switch.
When will you and other amateur traders understand, that a Martingale system can and will deliver great profits, until your account is just wiped out !
Risk of total loss is 100% guaranteed. and you can find the latest victim here:
maybe you will not get answers, since the offered system is trading like any 10p3 hybrid with a little twist on USD-JPY with a trade spacing of 30 pips.
The twist appears to be, that the system vendor uses some discrecionary judgement, when to turn on/off the system.
We all know, what the risks are, don`t we.
So i see no point in discussing a well known trading approach, which has already failed 1 mil times before, especially not, if you can download >100 hybrids for free.
Paying 499USD for a traders decision to switch on /off a system might be fine, but if nobody knows the reasoning behind it, i regard it as gambling and not as trading.
Certainly Mr.AutoFX won`t tell you his secret sauce, because than his system can be traded by anybody for free.
This particular system is only based on the personal decision of the trader/vendor. The more often he is right, the more money you can make.
If he fails once to judge/guess? correct, than part or all of your money is gone, depending when you started.
Far too much attention for a system we have all seen(fail) many times before in the end.
It only matters "when", not if.
Janus
Quote:
Originally Posted by tsdmember
JanusTrading,
I see you have 10 systems on RAS but 6 of them (60% of your systems) are losing.
Take care and improve your system first till you get all profit than come back to comment other vendor.
And Autofx have 2 systems and both of them (100%) make profit.
What do you want to compare here? or you have nothing to do but post some nonsense comments to get attract from buyers?
Quote:
Originally Posted by JanusTrading
@tsdmember,
i had nothing else expected, than any "junior" member stepping up and making a comment.
Unfortunatly, you can not even read statistics and can not even tell whether a system makes money or not.
Simply read "total USD" in the right column.
Posting a 30 days statistics might not be enough, since the systems run over 6 months now and it simply confirms, that you have no idea how to use statistics correctly.
Better look twice, before posting and not post inactive systems too...........
And certainly, you can not identify a system as beeing a 10p3 hybrid from a MT4 stats account page.
AutoFX system is nothing more than just a very simple Martingale 10p3 hybrid for USD-JPY and 30 pip spacing and an ON/OFF switch.
When will you and other amateur traders understand, that a Martingale system can and will deliver great profits, until your account is just wiped out !
Risk of total loss is 100% guaranteed. and you can find the latest victim here:
Just a few weeks ago, no colour was bright enough and no letter was big enough for this vendor to market these systems.
You can read all in here.
Janus
Janus(Martin),
1-I agree with you,AUTOFX,is a BOMB ticking fast before it explodes...Probably you misunderstood my comments...I am not looking for his secret sauce,because I already know what the secret recipe is...Very high Risk levels,taking deep open drawdowns with the expectative to have small closed profits...The only reason for me to evaluate systems here is that I would like to sell my systems too,in afew weeks,but I would like to be in "serious company" first,legitimate systems that may be or not profitable,but that are not based on Martingaling the account to death,nor on Hold&Hope techniques...
2-So,I want to Show the newbies how to analyze a system,and see if it is a "martingaler,hold&hope" OR just a serious system that may or may not work,but at least is not based on a biased foundation
TSDMEMBER
1-Yes,Janus may have 6 losing systems of 10(I didn`t check your numbers,so,I assume they are good,for the sake of argument,if they are not,sorry for that Janus),but I think Janus is one of the most serious system sellers we can evaluate at RAS-He is the kind of system seller I defined as "serious company",because he focuses on RISK...I "knew" him long ago,on a private Forum,we didn`t have much relationship,actually,we thought very differently on everything BUT Risk ...Only thing I can say is that his focus on Risk,and his experience as a professional trader are extremely valuable...he may have 6 losing systems out of 10,for the moment...AUTOFX may have 2 winning systems out of 2,for the moment...In a year from now,the numbers will be much different...why?Risk control,my friend,Risk control...AutoFx,in a year from now,won`t exist...Janus systems will probably have either a small loss or a moderate win....Wanna Bet?
i very much appreaciate your efforts in evaluating certain systems of the RAS website and help users and traders along with their decision and due dilligence.
Unfortunatly every effort to "help" or "evaluate" in this particular forum is misunderstood by some members(you had already disputs with some) and they furiously defend trading strategies, which are very obvious designed to fail.
Your and my rather risk controled approach towards trading might not find many fans among the members of this forum.
Please Simba, keep up your efforts and give us your professional opinion about any system you might find worth evaluating.
Any interested member, who wants to know more about our company can easily visit us here:
1.The Forex retail trader world was designed for traders with small capital. While in stocks, bonds and futures the initial equity has to be quite high, FX accounts can be already opened with a few hundred dollars.
In consequence, many gamblers and traders with exceptionally high profit expectations were dragged into that trading environment. In order to please and keep this particular clientel, trading systems have been created and marketed, which grossly neglect all sound principles of trading other instruments.
Unfortunatly, even 99% of these do not work from a trading standpoint, no matter on what equity.
Picture the classic system, which uses average downs or even a pyramiding strategy(Martingale). It is very obvious, that no serious money manager uses this strategy in any trading system of futures or commodities, since the capital is exposed to a 100% risk.
Many novice FX traders get blinded by backtests or demo account results, which make them believe, that:
1.Systems exist, which deliver returns beyond imagination
2.That returns in excess of 10% a month! are industry standard
Attending the school of hard knocks(live trading) teaches these traders, what the real industry standards and returns are.
People are still under the impression, that a 97USD paypal purchase of an Expert advisor could change their lives within a years time into high networth individuals.
That is not gonna happen, impossible.
Trading is hard work and can not be achieved by simply attaching an automated system to a chart in MT4 and than just sit and wait for the great profits to roll in.
We at Janus Trading apply the same sound principles to forex trading, as a fund manager would apply them in a stock, bond fund or a serious futures trader would use.
Having said that, it comes down to two important principles:
1.Avoid strategies, which expose trading capital to hughe losses in the first place(Martingale)
2.Avoid any "hope and pray" strategies and always trade with reasonable stops. A stop is not really a stop, if we try to take 15 pips off the market, but have a 500 pip stop running(famous EA)
Lastly, we have seen, that many EA`s are coded very very bad. That alone leaves room for serious problems, since the trading system might take trades, which it really should not by its logic.
Much more important seems the last point of our strategies: Patience
When it comes to trading, people react different. A purchase of a new suit or pair of shoes might take them 3 shop visits and endless internet browsing, but when it comes to forex trading, a paypal purchase is done right after a flashy ad or a post in a public forum and attached onto a several thousand dollar live account.
No wonder it will not work.
Janus Trading always supervises our automated trading with a human.
We know our systems inside out and can already predict entries and exits.
If you, as a trader can not say that, please reconsider your approach to trading.
Last, but not least, the choice of the right broker and technical setup plays a great and often underestimated role to success.
Not all trading systems perform the very same at all brokers/data. Not even 2 platforms running the very same system will produce the same trades on the same feed and broker.
Please consider using a rock solid VPS or dedicated server, when trading automated systems with real money.
At the end, any great and profitable system can bust your account, if the tradesize and the risk per trade is way too high.
Tradeleverages beyond 10:1 and risk per trade greater 5% are prone to fail.
Linear Mode
