I’m asking this question here because the OP of the other thread has closed it.
Has anyone had any success with the FX-Group system.
I read the manual and found the overwhelming majority of the trades are not in accordance with the instructions laid out in the manual, not the entry’s and exit neither the trade management.
This is a genuine question and it could very well be that i’m wrong so if anyone has had any success following the system as per the manual please do post here.
I was of the opinion it was simply to get managed accounts. There was a thread on ff about it with a statement but once again he refuses to talk about why he entered trades which are not as per the set ups in the manual.
Then there was a second thread on ff which said “show of your best statment” and all it had was his demo statment … thats all. I’ve never ever seen threads like that before, and it makes me wonder as to what the purpose of the OP was.
It is for these reasons I am of the opinion this persons primary objective was to get managed accounts.
(every email I get mentions managed accounts and today’s email says only five places left … :p) and I could very well be wrong and I’d like to apologize if i am so if anyone has taken the trades in ACCORDANCE to the manual and got anywhere near the results FX-Group claims in his demo statment please do post and we can analyze it step by step.
I found his system very impressive when I’ve visually backtested it. His technique using bollinger-bands applied on the Stochastic filters bad signals quite good.
I will definitely test it on demo account. Btw. the alert indicator, that you’ll find in the thread does not really follow the rules - I’m trying to program a better one.
i m tryin this system on demo since few days…seems to be good…
but i also use other system jst to confirm if this system is showing the correct signal.
then i enter the trade…
has ‘managed’ my account.
No more than 3% risk per trade blablabla etc.
but he managed/succeeded to blow up my account in one day trading 10 (!) lots on my $ 5,000 account…only $445,- is left. Since then he quitted trading, also left a pending order on my platform which triggered-I had to close it by myself.
He is vanished-does not reply on emails or messages, but I will find him, perhaps with the help of this forum.
Beware of this amateur!
further more it seems the statment this fxgroup guy posted was completely fabricated as you can see fro this post
The fx group scammer could have been stopped in his tracks if human beings stopped living in hope and did some due diligence.