Hi everyone,
I have been looking around for trading systems and usually they are either not consistent, too low profit, high draw down, too volatile or its martingale, etc…
I happened to come upon this EA and they kind of look too perfect to me, consistent returns with low draw down. I hope someone in this chat can scrutinize their FXBOOK results below and see if it is really that good.
www(dot)Superman 30k 19Mar2014 System by singliworld | Myfxbook
Thanks
John
Looks good to me. Consistent conservative returns.
Things I don’t like is that his average win is less than his average loss, but his higher win rate offsets that.
He has stupid high leverage, which he doesn’t look to be abusing at all.
How much is the EA? And where can I take a better look at it?
They are not selling the EA. They are marketing it as a managed account with watermark 30/70.
I just find their results alittle too good to be true?
Their track Record and trading Privileges are not verified, so the results could be manipulated.
[QUOTE=“Muscleboy;689385”]They are not selling the EA. They are marketing it as a managed account with watermark 30/70. I just find their results alittle too good to be true?[/QUOTE]
Wait, their results aren’t verified by myfxbook. Look at the top. These Xs could be red flags.
Ok, lets assume that they are verified.
Do you feel that their results are overly consistent?
Sorry if I am asking this again, I am just very excited and at the same time sceptical.
[QUOTE=“Muscleboy;689402”]Ok, lets assume that they are verified. Do you feel that their results are overly consistent? Sorry if I am asking this again, I am just very excited and at the same time sceptical.[/QUOTE]
If they can get everything all verified, then yes, this looks up and up.
They take 30% gains? High water mark?
Yes they are taking 30% watermark…
I am not sure if the watermark is high, but they if they can verify their results I will invest with them.
Will update if I can get them to verify.
[QUOTE=“Muscleboy;689444”]Yes they are taking 30% watermark… I am not sure if the watermark is high, but they if they can verify their results I will invest with them. Will update if I can get them to verify.[/QUOTE]
I would likely invest as well if they can verify.
What is their minimum deposit requirements?
Seems like the reason they cannot have the accounts verified is because they are their clients’. They are set up as a MAM/PAMM and do not have direct access to their clients’ account credentials. Might help their credibility if they ask their clients for the investor password just to verify.
From what I can tell, they risk no more than 0.5%/each trade. I plotted some of their recent trades on a price chart and here’s what I found.
In my opinion their trading is sound. They are diversifying themselves (well, not really) across multiple assets, taking a high volume of small trades. That’s how you produce such smooth growth curves. Their profit factor floats around 1.50-1.60 is another giveaway on what they do.
I do like to point out that their trading records only started in the middle of a generally range-based market. I’m curious how they would do in a trend based market.
Took a look at their other system pages, and found this: Superman 217K 19 Mar 2014 System by singliworld | Myfxbook
60% drawdown last January and immediate correction. What do you think caused this? Maybe martingale or grid system?
I think that was a withdrawal, I couldn’t find the series of losses that would cause that dip.
It could be a grid system though, might be a good reason to keep open trades private.
Hi ClarkFx,
Thank you so much for taking all the efforts to study and understand their trading style in such details.
I am wondering if they are their clients’ or they are controlling their client’s account, they should be able to verify right? All these verifications can done in the MT4 platform?
Their minimum investment is USD$1000. They only allow members who are referred in.
You can private msg me and I can send you more details.
They work through a MAM/PAMM set up, so they would never have direct access to their client accounts. They can only manage it through software provided by the broker. In order to verify MT4 accounts, one needs to know the investor password for the account which you cannot get without directly asking the individual that opened it.
[QUOTE=“Muscleboy;689506”] Their minimum investment is USD$1000. They only allow members who are referred in. You can private msg me and I can send you more details. * Please note that I am not related to this company.[/QUOTE]
Lol. You guys are getting more and more clever with your advertising. 
[QUOTE=“mastergunner99;689555”] Lol. You guys are getting more and more clever with your advertising. :)[/QUOTE]
It’s up to you to believe. I am just a potential investor doing my due diligent and finding their consistency and draw down too good to be true.
Let me ask a last question if I may, is it possible for the results to be manipulated even if it is verified? Example the broker manipulating the results?
Haha, didn’t see that one coming.
It’s up to you to believe. I am just a potential investor doing my due diligent and finding their consistency and draw down too good to be true.
By the way, the answer I got from the company regarding why they are not getting their fxbook verified is because fxbook is under FxPro Brokerage and they have their own underlying agenda for verifying so that they can track or copy their’s trades. Possible?
And is it possible or normal for a brokerage to open and close trades of roughly 750 lots per trade 8 times a day without any slippage? I am estimating this by the number of clients and their average size.