Forum >> Questions from John (archive)

Hi gurufx,

One of the subscribers made me aware of your unanswered post. Sorry for that, I haven't noticed it, you should have opened a new topic. Anyway, the answers are, as follow:

- $10k is more than sufficient to get started;

- with our system you will never receive a margin call, if you execute the trades, size your positions properly and obey money management rules.

- there is no SL, except so-called "disaster stops" (you can read more in the Users' Guide).

- you get exit price recommendations as well, into your mailbox, just like entry signals.

- so you don't have to handle everything yourself, you'll have our full support along the way.

I recommend that you trade the signals on demo for a month. This kind of practice would help you to get familiar with the system and see how to trade the signals most effectively. It would also help you to gain confidence.

If you have any further questions, don't hesitate to ask, but please open a new topic! Normally I answer all questions posted on the Forum on the same day. Thanks!

Silvertrader

hi, i am interested in your signal service..

 everything is look so cool.

 but, i HAVE A QUESTION.

 i have a plan to invest in forex, approximately 10,000$ for only standard lot.(leverage is 50:1)

 when I RECEIVED YOUR SIGNAL. THE PROBLEM IS DRAWDOWN.

 IF I INVEST 10,000 $ , IS THERE ANY PROBLEM TO HIT MARGIN CALL?

 YOUR SERVECE TELLS ME. THERE IS ANY STOLOSS NOTICE, ANY EXIT STRATEGY.

 SO, WHEN I PUT AN ORDER BY YOUR SERVICE, DO I SHOULD HANDLE EVERYTHING? (LIKE, STOPLOSS, DRAWDOWN, EXIT POINT)

 CAN YOU SUGGEST WHEN TO EXIT, THE LINE FOR STOPLOSS?

 IF NOT POSSIBLE, ANY CLUE TO THAT?

 I WANT TO SUBSCRIBE, IF MY QUESTION SOLVED.

 THE NERVOUS THING IS DRAWDOWN, MARGIN CALL, STOP LOSS, EXIT POINT..

 ANSWER ME PLEASE.

 PS. MY ENGLISH IS NOT PERFECT, SO TELL ME IN DETAIL.

 THANK YOU

Hi Edi,

The archived AUDUSD signal you ask about is in fact on the top of the list if you filter for all AUDUSD archived signals. The date of last modification is Oct.19. because we had to review our database and then reload it and it was done on Oct.19., that is the reason why all other signals show the same last modification date. But I do appreciate the logic behind your reasoning, as closing the signal/position is a kind of modification, too. I'll discuss it with our web developer guys and maybe it'll be included into next year's developments. But if you click on "View Signal", you'll see all details, comments, etc. regarding any particular signal you wish to check.

Hi Silvertrader

AUDUSD is under Archived Signals and "last modified" is 19. Oct. my understandig is:

this should be "last modified" 18. December and on top of this List.

I need your help.

Edi

Hi John and Silvertrader

When I started here, I marked all the Entrys and Exit's  of the last 3 Months on my Tradingplatform (MT4) to answer the same question about the Drawdown during the Open and Close of a Position.

I learned one thing: To draw a few Entry's sand Exit's in the past on a Chart and to experience the Drawdown live on Demo in a Trade li is a big difference.

So there's only one Thing to do: Demo trade the Signals for at least two Months to get a feeling for it.

The last Signal AUDUSD (1 Dollar/Pip) would have payed four Months of my Subscrition...

The EURUSD and USDCHF-Signals show how important the 1/4 or 1/5 of the Lotsize are and what kind of Average-Entryprice we are having now.

Edi

Hello John,

First of all, welcome on board!

I apologize for not answering immediately, but this supposed to be a
noreply email address. When you registrated, we asked you to use the Forum
for such questions, as fellow traders might want to learn both from the
question and the answer as well. Please use the Forum for any signals or
trading related questions, to get an answer within hours, guaranteed!
Thank you in advance.

Now, back to your questions:

- Yes, under "Latest signals" you find the open trades.

- Yes, "Archived signals" show the closed trades.

- Yes, "Performance review" includes only the closed trades. As long a
position is not closed, you can never know, how it will perform at the end
of the day, can you?

Certainly you are right, it would be good to see the drawdown of the open
trades, but it is virtually impossible, as traders  -  our subscribers  -
around the world use several different platforms (MT4, Interactive
Brokers, TradeStation, Saxo, Oanda, eToro, just to name a few) and all
these platforms and forex brokers/market makers offer different leverages,
allow different position sizes, not to mention spreads, fees, slippages,
etc. We can also never know when our subsribers open a position, as it is
never at the recommended entry price because the price changes in every
second. Your entry price based on our signal can be better or worse than
our entry level, therefore your drawdown can be different, too.

What I really recommend you to read the Users' guide. It is continuously
reviewed and updated based on the experiences of our subscribers and
ourselves. The main rule is, never to enter a trade with full position
size, rather 1/4 or 1/5 of the size of the full position, which depends of
course on the amount of your margin equity, the leverage, your own
personal risk tolerance, etc. Our signals are leading signals, which means
sometimes they come earlier than the exact top or bottom and you'll need
some more gunpowder to survive the drawdown and to cost-average to the
very top or bottom and optimize your average entry price level. Certainly
in lot of cases we do pick the exact top or bottom, but in extreme market
situations like the current one with all USD crosses it is really
difficult. Still, I personally prefer to be a bit too early, rather than trying
to catch a runaway price after the exact top or bottom.

I hope this helped, if you have any more questions, do not hesitate to
ask, but please use the Forum!

Thank you!

Best

 

Silvertrader
 
 

Would you pls clarity:

Latest signals - shows the open trades?
Archived signals - shows the closed trades?
Performance review - includes ONLY CLOSED trades?

Where do we see floating drawdown of the open trades...? I think in a long
term system, this is vital data.

Thank you!
John
(New subscriber)