MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Intraday Trade Recommendations

[fxpl]

Advice me who I can trust ?

[peteuk]

Originally Posted by fxpl

Advice me who I can trust ?

None that I've come across so far!

We're following a new one over on this thread

[Trevman]

try this http://www.fx-review.com/

[Summerset]

Go to www.collective2.com check out the best & most profitable forex systems.
Check the equity % returns, and max drawdown, & average trade duration for each.
Enlist for a free trial period for 3-5 of these systems that are most stuitable to yr capital, and projected you with the "sought after equity" desired.
Compare the 3-5 on several demo platforms for the 1-2 Free week periods, At the end of which you will surely decide.

[fxspirit]

There is many signals provider. So it is hard to choose. Maeby somebody has expirience with real signals whitch was used?

[Summerset]

Originally Posted by fxspirit

There is many signals provider. So it is hard to choose. Maeby somebody has expirience with real signals whitch was used?

Go to www.collective2.com
on home page click on "Show systems with free Trials"
Then click on "Forex" on the page that follows.
---> U will get a listing of all forex systems that offer free trials.
Go to the left menu bar & click on "Best Systems" & "Forex".
---> U will get a page showing the most consistantly profitable forex systems.

I like "positive forex", "Entropia" & "Eclipse fx" best. But these are my personal prefrences. I Don't recommend them.

Some "Best" systems can be very expensive regarding yr account size.
In that case, U would go to the page showing all forex systems & try the free ones at the top of the page, (systems are arranged in order of profitability), until you find the suitable system.

In my experience this could take a 1-2month of concentrated effort & follow up on the systems. But is very much worth the time invested in it, if U are keen & serious on running profits.

[Dave Floyd]

Originally Posted by Summerset

In my experience this could take a 1-2month of concentrated effort & follow up on the systems. But is very much worth the time invested in it, if U are keen & serious on running profits.

This last quote is why most newer traders never become profitable - too much time bouncing around and not staying focused.

I will be adding my/our FX service to the Collective2 database this week.

In the past, I had offered to provide a login to our service to one or two members and have them monitor and track our picks and analysis in general here in MoneyTec - we had no takers - this was not a surprise, most people don't want to do the work required to become profitable - they want it spoon fed to them.

Nonetheless, the offer still stands - or keep an eye on Collective 2 in the weeks to come.

Regards,

Dave Floyd

[Summerset]

Originally Posted by Dave Floyd

This last quote is why most newer traders never become profitable - too much time bouncing around and not staying focused.

I will be adding my/our FX service to the Collective2 database this week.

Regards,

Dave Floyd

There will be no time waste or disorientation to trader, because there is NO need to go through the hundreds of systems on collective2. Just follow up on & test the top ten listed on the collective2 site in terms of equity.

There is even a more focused way.

I personally keep track of the Top Ten systems on C2 on a weekly basis. My criteria of choice are as follows:-

1- system must have been running on C2 for > 2 quarters (6month) = 24Weeks.
2- Max drawdown allowed ~ 25%
3- Systems arranged in order of % equity attained.
4- System must attain a +ve Sharpe ratio.(The higher the better)
5- System must be soley trading Forex.

System subscription cost should be taken into consideration, related to account
size, & generated equity. This function can be acutely calculated when testing the
system on a demo.

Attached below is a pdf covering the TOP TEN, as of last week’s close.

For the benefit of others, I will be updating this table on a weekly basis.

Traders can help orient each other by posting their findings regarding each system on this thread as they demo test it. And/or adding systems that they find profitable, in accordance with their own set of choosen criteria.

It is never a waste of time to note how a select successful group trades, their attainable objectives, & profitability.

[ssoross]

Originally Posted by fxpl

Advice me who I can trust ?

Hi,

Chek fxstreet.com - they have a Signal Tracker service in with several signal providers!

GL!

[midozfx]

Hi everyone,
If you need to follow a good signal provider, you won't find a good and guaranteed one except mine (The Midozfx Daily Signals) it is 100% profitable.
Now how it works, as I mentioned here before that trend is not my friend and it won't be, we are enemies, to make it more clear, whenever I go long the market goes in the opposite direction and vise versa, so it is easy for everyone to win any trade, i.e if I post here that I will go long (don't forget that trend is not my friend) so for sure the market will go in the opposite direction so all traders go in the opposite direction of my trade therefore they will all win and there won't be any losers in the world except me, so I guess this is the easiest way to earn money and to forget about the word (loss) this word will be deleted from your life if you did what I mentioned above
Wishing you all happy trading, and I wish myself as well to win at least a signle trade since I didn't win a signle trade from about a month, I forgot the shape of the figures in the P/L cell without the negative sign next to it, and from a long time I didn't see the breakeven as well, a positive sign and the breakeven are only memories for me of the good old days, I'm only trying to give myself a hope to reach at least the breakeven before the year 2006 ends
Please don't try this at home, I was only insulting my bad luck these days, I have no signal system, and there is no 100% profitable system.
Best regards and thanks to the trend.

[Summerset]

Update on Top Ten "Only Forex" signal providers on Collective2.
Criteria of choice are on post#8 of this thread.

As of next week, we will add a new Criteria. Singnal providers who happen to be CTA's, CMTs, or CFTs, will be exempted from the age criteria. (i.e:- their system needs not to have been running on C2 for 2 annual Quarters ~ 24 weeks).

I have also been contacted by someone, who finds the max drawdown criteria too narrow @ ~ 25%. This person thinks that risk appatite for forex trading could be as high as 33% max drawdown, in cases were the account would have scored excessively high equity. Some systems on collective2 score 1400% equity against a 56% drawdown.

So if this request is seconded by anyone, I will change the criteria for max drawdown to 33% as of next week.

[rezo_s]

Originally Posted by fxpl

Advice me who I can trust ?

Trust me - dont trust anyone

seriously

[weissdawg]

Originally Posted by midozfx

Hi everyone,
If you need to follow a good signal provider, you won't find a good and guaranteed one except mine (The Midozfx Daily Signals) it is 100% profitable.
Now how it works, as I mentioned here before that trend is not my friend and it won't be, we are enemies, to make it more clear, whenever I go long the market goes in the opposite direction and vise versa, so it is easy for everyone to win any trade, i.e if I post here that I will go long (don't forget that trend is not my friend) so for sure the market will go in the opposite direction so all traders go in the opposite direction of my trade therefore they will all win and there won't be any losers in the world except me, so I guess this is the easiest way to earn money and to forget about the word (loss) this word will be deleted from your life if you did what I mentioned above
Wishing you all happy trading, and I wish myself as well to win at least a signle trade since I didn't win a signle trade from about a month, I forgot the shape of the figures in the P/L cell without the negative sign next to it, and from a long time I didn't see the breakeven as well, a positive sign and the breakeven are only memories for me of the good old days, I'm only trying to give myself a hope to reach at least the breakeven before the year 2006 ends
Please don't try this at home, I was only insulting my bad luck these days, I have no signal system, and there is no 100% profitable system.
Best regards and thanks to the trend.

Midoz...lol. You kill me, man. Don't feel alone. It seems like that for me too sometimes. I guess we just have to work harder.

[ssoross]

Originally Posted by ssoross

Hi,

Chek fxstreet.com - they have a Signal Tracker service in with several signal providers!

GL!

From this tracker this signal Provider: http://www.profidos.com seems fine to me - low draw-dwons, narrow stop-loss, consecutive positive monthly results (I am making my conclusion from trades that are posted). I will appreciate if somebody can share opinon about them?

GL!

[gc01]

profidos.com:
Domain Creation Date: 12-jul-2006
Domain Expiration Date: 12-jul-2007

So can you trust figures going back to start of 2005 as being real or made up ?