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What's your opinion on this system?

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  • What's your opinion on this system?

    Hi,

    I recently came in contact with a money manager.
    He is using a trading system that looks very profitable.
    I am new in FOREX.

    I would like to have some feedback from more experienced investors on this system.

    I plan to invest in FOREX, maybe in this system or another and hope to gather in this forum some informations to base my investment decisions on.

    Anyhow I would like to follow the results for a few more weeks.
    I will post daily the results the money manager makes.

    All comments and/or recommendations are welcome.

    This are the results till now:

    27 oktober 2008 the account started with 10 000$.
    Now the balance is 15 705$ ( 57% ROI).
    The float is minus 361 $
    Last edited by Mill; 12-11-2008, 01:11 AM.

  • #2
    There's one born every minute...
    Squadly dinky do!

    Comment


    • #3
      Originally posted by Davo36 View Post
      There's one born every minute...
      What do you mean?


      Here are the updated results:

      27 oktober 2008 the account started with 10 000$.
      Now the balance is 15 834$ ( 58% ROI).
      The float is minus 76 $

      You can also follow this account live with these logins:

      Login : 836187
      Read only pasword : tom2008
      server: MIG

      Comment


      • #4
        Hi Mill

        most of the forex programs are pretty dodgy frm my understanding.

        One that I know of that seems to be pretty cool though is the daniel code.

        Trading currency is not an investment, it's a method of making money like trading shares, options or property.

        Get good at it and you can make a lot of money but remember to also invest some of you wins.

        Badger will be a good man for you to chat to about trading forex,

        Comment


        • #5
          Just out of interest for those of you trading FOREX. What platforms/websites do you use to perform the actual trades, or hold your accounts with?

          G
          Premium Villa Holidays in Turkey

          Comment


          • #6
            I don't trade forex but I believe the daniel code is working pretty well.
            Something like 84% win ratio. Which is pretty damn good.

            Comment


            • #7
              Originally posted by tpr2 View Post
              I don't trade forex but I believe the daniel code is working pretty well.
              Something like 84% win ratio. Which is pretty damn good.

              Thanks, I will take a look at it.


              Here are the updated results:

              27 oktober 2008 the account started with 10 000$.
              Now the balance is 16 499$ ( 64% ROI).
              The float is minus 70 $


              You can also follow this account live with these logins:
              Login : 836187
              Read only pasword : tom2008
              server: MIG

              Comment


              • #8
                yep I know of the DC, infact spent a bit of time trying to get my head around it!

                However, it's not a trading platform as such just a theory that you need to apply to your normal trades.

                So where do people hold accounts to perform their trades? For example;

                fxcm.com
                forex.com
                latitudefx.co.nz
                oanda.com

                Cheers
                G
                Premium Villa Holidays in Turkey

                Comment


                • #9
                  Unfortunately I only trade property and domain names revdev so can't help you on that one.

                  Comment


                  • #10
                    Ive had a couple currently at FXCM but the slippage with the charting system I use sucks...you get around it...

                    I personally have enough US dollars so FXCM was just an easy way to trade kiwi's

                    Trading FOREX is a tricky occupation...

                    The Daniel Code is a code of numbers that has a pattern like fibonacci numbers but older. Its not really for beginners from my perspective but theres nothing stopping anyone having a crack...but even with 6 years of trading on and off under my belt it took a bit of fathoming out to fit my style...

                    Comment


                    • #11
                      cheers for that Badger.

                      For me, Forex is just a little play on the side but I was interested to see which companies people were using for their trades. Agreed, daniel code is pretty advanced stuff..I'm at the stage where I'm biting little bits of info off and trying to let the dc stuff sink in slowly.
                      Last edited by revdev; 14-11-2008, 11:28 PM. Reason: bit of clarity
                      Premium Villa Holidays in Turkey

                      Comment


                      • #12
                        I like the DC code since it still requires your input to think about what your doing. The DC numbers have been excellent points of reference and as I said works for my style of trading

                        I lived solid off options trading for 2 years so have a good grasp of my own good and bad habits in trading

                        FOREX the first time {2005} I tried just blew me out the back door dropped a few grand learnt some lessons and left it alone untill this DC code turned up back in Dec 07

                        Ive been moving into more FOREX and bailing out of the {stock} options market its just too volatile at the moment and due to the time difference watching the charts for the huge moves is just not happening for me at 4am. I havnt played futures so no little or nothing about those types of trades mainly simple stuff USO, XAU and S&P500 plus companies is what I was real good at for option plays...

                        I like to be sleeping around 4am these days...

                        Comment


                        • #13
                          Originally posted by tpr2 View Post
                          Something like 84% win ratio.
                          Are there any statements to view?

                          Comment


                          • #14
                            Here are the updated results:

                            27 oktober 2008 the account started with 10 000$.
                            Now the balance is 16 784$ ( 67% ROI).
                            The float is minus 408 $


                            You can also follow this account live with these logins:
                            Login : 836187
                            Read only pasword : tom2008
                            server: MIG

                            Comment


                            • #15
                              You will have to ask someone like badger mill.

                              also there is no point providing logins and passwords as there is no link

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