No Win - No Fee, or Monthly Subscription?

[Mburdge]

Tzachi,

What's your problem?

There are so many posts on these forums that don't really say anything, but just ramble on............

I believe in 5 words rather than 100, only posting when I think I have something of interest to others, and getting to the point.

My point is; I am not advertising any site. I came across one that I feel has something to offer those that are interested in signal services and may give those providers some independent verification over time.

Nothing more, nothing less!

To everyone:
If anyone doesn't like a particular thread or post, why don't they just ignore it. It will either die it's natural death or be left to those who have an interest in the subject.

[Soul-Trader2004]

collective2 looks good but its crap in use

i tested it out for possibility of giving signals - but its so bloody difficult to put in an order that isnt market price and even then you cant tell whether it triggered or not - its crap basically

[socrates]

Originally Posted by Tzachi

James,

Almost, "I have already had two paid clients asking that after several days of membership." still there.

Your clients? so you have a service, that nice and I really hope you doing well, but...This thread is for promoting our opinion and I think you can do it without taking about your paid clients.

Tzachi

Stop acting like a class captain or hall monitor at school

[Mburdge]

......and I get accused of advertising!!!!!!!!!!!!!

[MickMason]

Originally Posted by Mburdge

What yuo need to look out for is the money management. Each system starts with a notional $ 100,000 account. If the system you mentioned is fairly new then they are probably betting the ranch on each trade.

Yes, I thought as much, some bottom lines look nice on paper but would knock 10 years off your life with the drawdown if the systems were live traded!

I like the systems that 'never lose', there's been a few on here, 1200pip risk for 10pip reward, averaging systems, martingale systems, stick-a-pin-in-a-chart systems, and all with some crazy leverage

I was interested to read Soul-Trader2004's comment, there's obviously some issues which need resolving with orders.

The whole $ignal providing business needs dragging into the 21st century, it's big business and with the technology available today surely someone could come up with something better than what's available.

Mick

[Mburdge]

Hi Mick,

It's not as bad as soultrader says, although not perfect.
When you place a trade it takes about 10 seconds to refresh itself, but then you see the price the trade has executed at. (You have to accept the price off their datafeed.)
I have found the prices to be within 2 pips of what my platfrom is showing.
(This is fine as long as you are not scalping)

You also have the choice of setting limits and stops as your entry points rather than market orders, so most bases are covered.

You can test this out by signing up a trade system. You will get 5 free trades and then you can 'kill' the system. A good way to see exactly how it works!

[MickMason]

Originally Posted by Mburdge

You can test this out by signing up a trade system. You will get 5 free trades and then you can 'kill' the system. A good way to see exactly how it works!

Oh hey, I've gotta have a go at this, I better make the 5 pay big time, lol !

Mick

[bobnat]

Yea, the money management is everything. The problem with the collective site is that newbies will go there, see an outrageous return, and sign up with that service. They don't understand the large rewards come with equally large risks. There's one guy on that site that has a system that is just kicking butt. But then you browse through all the systems and you see this guy has about 5 of them including one that is at the bottom of the list and has lost a fortune.

But what I think will happen is that natural selection will do its job. The providers that are consistent will ultimately survive. The flash in the pan systems will suck in larger amounts of people initially, but they'll all bail out eventually when the system goes belly up.

Nat