Thread: Making a living out of forex/hyip's or both?

With other words you don't trade your system on real accts.?
Backtesting is quite worthless as it only shows the past and not the future. I've seen so many systems which all did superb in backtesting but all failed when trading real. Considering the past it is not possible to predict/calculate the future.

Originally Posted by pablo

Micky - i backtest of live data and been running the system in various forms as well.

Well abnout HYIP's , i can offer what I have been offered by a Bank.

The type of investment is called Hedge Funds. The bank (which I wont tell you here) offered me 8% per week till the capital is with them.

Im planing to develop a web page to offer this to the public, and i will charge 2%. So that means you will receive 6% per week as long as you keep your capital.

Unfortunatelly pools for Hedge Funds are ilegal, so no contract cant be developed nor i can put my name on it, cause i dont want my Hedge Funds to be canceled and then i get sue by the bank or by one or two members if they get greed if they dont get paid, im telling this cause this bank cataloge this as a HIGH RISK investment.

Anyway, i need some advice for the web page, cause i need scripts for account ROL' s, anyone can help me with that?

By the way, my HYIP will be for limited numbers, so once we reach a certain level of money and members i will close it to new members.

Also payments will be received by e-gold and probably profits will send using wire transfer or checks, cause converting real monet to e-gold will take 3% - 4% and thats already a lot. So we can save on that.

Anyway, i need advice ans suggestions for ROL scripts. Can someone provide me a web page for designs of this things?

Micky i do trade on real accounts. Actually the past does tend to repeat itself, market trends do re-cur, otherwise technical analysis would not exist. I understand your point about backtesting, people tweaking their system to fit the data: i dont bother, but after i make changes to a system i run it through all the markets to check its making the right sorts of decisions and picking good entry points across the board. I realise no system is guaranteed for all conditions. I have a system that works for a market trending a certain way. If the market changes i switch system. For instance i never trade on the GBP/Yen.

What indicators are you using in your systems. Please break out each system. Thanks

Hi
Have you thought about trading the S&P 500.
I bought and E-Book on this for very little also received another 4 for free.
Over 4 weeks on my Demo account am up over$3000, you only need do 2hrs trading per day to make a good living,but that is up to you.
The person i bought it off gives very good support
Send me PM if you want to check it out
Regards
Les :D

The art of trading is to control/minimise losses while letting profits run. That said, there are many other factors that experienced traders with a reliable system encounter. Market liquidity (for day-trading) for instance, but also account size (far easier to make consistant profits on small accounts than larger accounts). Making 800% pm on a $2000 account pool may be possible but 20% to 50% on >$100k pools is more likely the max. The larger the pool the lower the margin is the loose general rule. However, creativity is the key combined with a non-emotional balanced attitude.

Great summary abundance. Yes its the summer months now, soon the liquidity will increase and profits with it too. I havent traded large accounts, so its interesting you say that the margins come down. This explains why pips traded with a relatively low margin - 12:1.

Ive been working hard to build this system, and at this point, so i dont feel inclined to give it away at this point. If others were sharing and at a similiar level, then yes, maybe, but that is not the case with this forum.

Where this is a will, there is a way... If you have the will, you will find a way.

Hi
22nd Aug, picked up $300 in 15 min,could have rode the rise longer to $800,BUT 1 bird in the hand is better than 2 in the bush.
23rd Aug, up $250
I am only trading 4 contracts,if i was trading 8 or 12 contracts,you do the maths.But i am learning so very concervative.
The e-book is only $67 The guy who wrote the book gives very good back up
What i like about this is that it is all up to you,absulute control of your own funds
PM me if you want info.
Les :D

I have collected a number of ebooks on forex (not only those mentioned on this forum). I think I have around 17+ docs. Contact me privately if you wish to talk about sharing. email: [email protected]

Hi
Most of you think i am forex trading,NO it is trading FUTURES CONTRACTS
which, with the system i am using is much more simpler and easier than forex.
Regards
Les :D