Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
daytrader50, if you are losing that many trades, you must be reacting to the candles. I hope you are using a demo account. If I had a loss rate that high, I would just program my computer to do the opposite of whatever you input. Then you would go to 80% winning rate
You mean do I have verified results of a 3rd party trader?
Or are you looking for my own trading income? If the latter, no I don't. I don't train traders or operate a trading room either. To be honest, I'd rather give post a pic of me naked than make it public what I earn.
I've been saying this the entire time: "Vendors should have some 3rd party verified results". It says vendor under your name. What I'm talking about is something like this:
(this site works best with Firefox; with Chrome it doesn't load right..) winsor's Profile | Myfxbook
^^ That's not me-- just the first result in google.
These type of "trackers" work in 2 ways, either you give them the investor password to your account or you use a plug-in. These are not after-the-fact spreadsheets that can be fudged. This is the real deal, and my suspicion to why vendors DON'T use something to prove their results. If you choose to use something like this, it's 100% customizable: you can opt to hide account balances and only show return, etc.. there are lots of options. Someone doesn't have to see your income, just your trade history or monthly return. You choose. But it cannot be manipulated.
The only way a vendor can fudge something like this is if they blow an account, and then try to set up a new account really quickly, usually accompanied with a "change in strategy". BUT you've bookmarked it. Then you can go back and see that it was blown and the vendor isn't worth used toilet paper. I've busted a couple guys doing this, but since I'm the "live and let live" kind of person, I don't make it my life's quest to tell the whole world like I have seen some people do.
I don't think they integrate very easily with Dukas (my broker). I'll probably set up a MT4 account someplace else this week so I can put this tracker in my signature here. I really think that everyone who is thinking about contracting a vendor should seriously see something like this before paying anything.
NinjaTrader are vendors - would you ask for their account statements before buying their software?
Tradervue sells software for trade journalling - would you need an account statement before buying their software?
In my case, I sell software that has a refund policy - try it, if you don't like it, ask for your $$$ back. As such, I don't see why I personally need to publish my earnings.
I think the necessity for statements depends on what you are selling.
Actually if you sell indicators, back and forward tests are good. Anything that actually claims to actually enhance performace should be able to show it.