Tag: doubts

Spam from Megadroid

I didn’t notice it before, because I registered Megadroid with a rarely used email, but they send daily newsletters with questionable content. For example the last 4 emails were sponsoring a new awesome system developed by Fapturbo Steve (not only he is a competitor, in theory, but his system is not profitable) to make money by betting on baseball matches (safe and scientific, right?)
It’s obvious that they are promoting it as the holy grail only to have a commission on each sale! Nevertheless I was sucker enough to buy Megadroid, maybe I could buy something else!
The probability of asking a full refund before the 60 days is increased a lot, also due to the profits that are too small compared to the risk.

Let’s try SteadyWinner

As I said in the previous post, recently I was disappointed of my signal providers on ZuluTrade. It seems impossible that something that worked perfectly for months, suddenly creates huge losses.
So I started to search some Expert Advisor: for trusting a robot and don’t interfere with its actions, I need to understand its strategy. Look at My Best Systems, he almost killed my Zulutrade account, with a sudden strategy change. The chart looks very good, but nobody recovered in that way, unless had unlimited funds. The provided gambled, with a sink or swim move.
Between the thousands of Expert Advisors that you can find on the Internet, I found SteadyWinner; does look good, and it’s free for small accounts (you can use also with a big account, but it won’t open as many lots).
The annual ROI is very low, but with 4-5 monthly trades, you can’t get more. It’s interesting because it’s fully automatic, opens positions according to the available margin, to minimize the risk.
I got convinced to try it just because it has the free demo before buy, let’s see how it will perform, I enabled it on a VPS that I already own (due to the low ROI, it doesn’t make sense to rent one just for this, unless you invest thousands), let’s see the results in a few months.

Automated trading must be automated

What’s great about automated trading it’s that it’s automated. You wake up in the morning and you see that you have made 200 pips (or maybe you have lost them). Something that happens, due to human nature, it’s to interfere with the opened positions: close them in advance, and so on. But, if we chose a good signal, a responsible one, and we trust him, why interfere. Yes, it’s true that we can get some additional pips, but we can also lose more.
Let’s make some examples.
I found a very promising signal that, with his MM250 money management system, has a very good risk/reward ratio (more info on karelsteiner.info).
When he can get on the right trend, can do huge jumps. Obviously, those jumps won’t happen in a few seconds, but in hours, and in the process there will be high and lows. If you stop them while they are rising, you can get an immediate profit, and in short term it can be a good idea. In demo I never thought to close them manually, but with real money, seeing those nice profits, it’s a tentation to think “let’s close halfway and took the profit home”. If you do that, the strategy will change, and in long term you will lose money.
In the disaster happened two weeks ago, GOLD MAX FX was losing a lot and I deleted it from the signal provider list. By doing this, its positions become orphaned, and were not closed automatically. I thought that it was a good idea to left them open to wait for better days. Instead the euro was stronger and I lost much more money than what I would have lost if I followed the signal..