yeah, i dont think anyone would give away a holy grail so cheap.
yeah, i dont think anyone would give away a holy grail so cheap.
Last edited by iamimortal; 07-16-2012 at 06:21 AM.
Don't waste 5000$ just for a strategy.You'll find the best ones for free.
What do you call "lots of money"?
People should not be afraid of their governments. Governments should be afraid of their people.
Everytime I enter the market it reverses. Send me $5,000 and I will tell you when I enter the market and what the currency pairs are. You will certainly make money if you do the opposite of what I do.
not realy lots of money but i got 50k $ to invest.
If we could only win what we loss.
Then go invest it, don't gamble it.Originally Posted by iamimortal
Price Action Hero - It's a Blog.
THE BAD NEWSOriginally Posted by iamimortal
Your aim should not be to appropriate "some profitable EA", no one with a profitable system needs your cash, and it's naive of you to presume that you can benefit anyone with a system that works to where your contribution warrants 50%. Successful systems (verified and professionally audited over years), if sold, go for 7 or 8 figures. And where not sold, still command 7 or 8 figure injection to command a partnership.
Metatrader EAs are the worst kind of way to take advantage of automated trading in all cases where you are not privy to the internal and intricate strategy details yet assume responsibility for running and configuring both the advisor and environment in which it runs in.
What you need is a good venue allowing you to invest. Professionally managed funds. Search for MANAGED FX ACCOUNTS and MANAGED FUTURES ACCOUNTS.
If you indeed have $50K to invest I suggest you smarten up as the custodian of these monies and approach an independent financial advisor or indeed a bank manager who can steer you towards credible venues for investing.
Money should be respected and the risk inherent within the markets fully understood. There is absolutely no recourse where a fund/partner/trader loses every penny you entrust to them where such losses stem from legal and above-board investment activity.
Unless you have studied how to perform comprehensive performance analysis and auditing of trading systems and system managers, you should not be seeking the category of product and cooperation that you have come here to enquire about as you will not have the ability to decide what to buy and what to skip.
It takes a days work, to throw together a backtest with 100% trading success.
It takes a week's work to throw together a non-stop loss, maximum drawdown system that contingent on a big enough balance (that $50K looks just about right) has 100% forward trading success.
Almost all jurisdictions will prevent you from recouping the cost price if you buy a system you thought should work that later blows up. Your partner will no doubt update and improve their own version leaving you with the prospect of paying for an update. Not to mention make money selling the same system you pay for to others. $5000 won't buy you any exclusivity nor partnership in this game I'm afraid, so please for your own good and sanity, go and have a think about what your true and actual objectives are.
Do you want to own a fund in partnership, do you want to buy automated trading technology for your own exploitation, you want retail investor exposure to the markets via a credible money manager with a good track record, you want to find a back door into trading through intense knowledge transfer???
Think it through.
50% of funds shutdown in year one. Goldman has lost a fund, brokers are blowing up, JP Morgan and the likes can't control their traders.
Do you want your "lots of money" anywhere near this industry?
Why not start a proper product-based or service-based business with your capital, real commercial trade, real paying customers, more peace of mind? What about property? What about buy & hold stock investing (as opposed to speculating)? Lots of solid small and big businesses you can place your capital with while they do all the hard work to grow it.
Think it through - this is a serious juncture!
THE GOOD NEWS?
Incidentally (and fortuitously perhaps), I'm actually working to provide a possible solution to your very kind of problem sometime this very August.
I'm in the process of launching a vehicle and product architected to rid the forex industry of arbitrary expert advisors, social trading circuses like zulutrade and the ridiculous amount of time and emotional pain spent by ill-disciplined, ill-adjusted types (to the process of meticulous focus, study and experimentation) throwing away hard-earned money "learning" to trade.
Folks simply pushed for time might also find a viable avenue to their objectives in the proposition as well.
If you end up on the cusp of committing to a situation before I can give you an alternative to look at, please consider the points above (holding $50K in hand for investment purposes to many is a once-in-life-time opportunity - if at all such an opportunity cares to surface in
Meanwhile, I'll seek to contact you momentarily with a possible solution to your apparent problem of trying to place risk capital within the riskiest of all possible risky markets.
All the best.
thanks for the comment modermystery. yeah why would anybody with a good system cheer it if they make lots of money for them self.
I've looked pretty well into this the last few months, and the only ea"s for sale i find even gamble your money ore are made by amateurs ore scammers, iv been looking into the stock market and fund managers also, and made some money but then lost more, because ive used ****ed up brokers. I have also come to the conclusion that its to much inside trades in the stock market, its only profitable for the big guys that milk the small investors for money, ore "lucky guys" that hit the spike on the right time.
property is to expensive and risky with so little money, the banks ore finance institutions will just screw you over and sell you some stocks they want to get rid of so i don't think i will ask them for advice.
iv also gotten screwed over by a brooker called plus500.com first they putted up the minimum investment from around 10$ to 200$ a couple of days after i started trading with them. then they closed an sell position i had right before it went down alsmsot 10% instead of earning 500$ i lost 65% of my position. If they had been a Norwegian bank i would have sued them, i Have checked and they are under the English finance autoritys but to bad we are talking about so little money if not i would have started an case.
I read in the newspaper for some weeks ago a guy that sued a Norwegian bank for 50 mill NOK because they had closed his sell positions right before it started falling.
therefor iv decided to invest in the Forex market
i have decided to make my own ea, and test all kind of strategy's i can think of.
I have also tried some different brokers like Hotforex but i am not satisfied with their execution lots of times the price change before my positions have been executed. also lots of times the spread are very much higher than they promise. once i ended up paying 5 pip spread when it said 0.4 when i pressed sell.
i tried hotforex because people here on babypips recommended them. how come people recomend brokers that scam people?
so i have an question for you people does it exist any internasjonal and honest forex brookers with low spread that dont screw their clients?