We all need to take a breath!

Trading Systems Free Forex Trading Systems
1

Let me start by thanking folks like boyfx, jawpips, and others that have said so many nice things about me and about the daisy chain method.

With that out of the way, there’s a couple of things I think need to be cleared up, and trying to do it in a 26 page long thread isn’t going to help anyone cut through the clutter.

The scalping issue

It is true that “simple trade” was originally “simple scalp” and at first I did try and help people out with a free scalping system that worked.

That was NOT because I “believed in scalping” as has been claimed by some, but simply because so many newbies seem to be so hung up on trading using scalps. The effort was to give newer traders a way of scalping that wouldn’t bust their accounts in two weeks.

However, “simple scalp” turned into “simple trade” within two weeks exactly because I wanted to try and get newer traders to look at longer term trades.

To me, scalping is illogical. It’s chasing pennies and ignoring the dollars. However, if you want to help someone, it is often easier to help them where they are, and then get them to look up and see there is some place better and take them to that better place. Most scalpers are overjoyed to make 30 pips in a day on average. Most longer term traders like me find such low profitability … sad.

HOWEVER, given my belief that trading forex should be done largely on a fundamental basis, I quickly realized that a simple technical only scalping/long term trading solution was never going to help anyone … not really.

That was when I began adapting several of my own strategies that I use in my personal trading to newer traders and gave my “foundational strategy” a name I thought sounded cool … Daisy Chain Trading … just to make it catchy and easy to remember. Then used the free trading room approach to teach a MUCH better way of trading.

I don’t know of a single person that has been to more than two trading sessions that won’t readily agree that everything I am giving away, combined with the free trading room, is light years better than 99% of the multi-thousand dollar pieces of junk that are out there.

So, to the people out there saying that I was originally a scalper … I haven’t been a fan of scalping for years. It’s why, like I said, SimpleScalp grew to become SimpleTrade so quickly.

The "naysayers"
I have not seen an instance where someone with LEGITIMATE skepticism was “beaten up” by boyfx or anyone else (JonnyB is an example of someone that has been reasonable). In fact, I think we can all agree that with the gajillion scams out there in the forex space, that some skepticism is healthy.

What I am finding alarming is people that have never so much as been to the Simple Trade Forex site, let alone to the trading room, are so ready to just dismiss the whole concept or bash me on some pretty ridiculous things (like the appearance of my site).

For the record … I LIKE MY SITE. It’s my site, that’s the way I want it to look. If you don’t like it, or if you think my site makes me look unprofessional or whatever, that’s fine, it’s your opinion, can we please move on to something that actually matters now?

These “tirades” over meaningless issues, or by people that clearly have never seen the system or been to the trading room is leading to more than a little frustration from some of us. So, to anyone that thinks this is just some joke, or a scam, please check it out for yourself.

There’s no “squeeze page” … there isn’t an email list … there isn’t anything to buy … there are no shenanigans.

Go to the Simple Trade Forex site and see for yourself if I’m screwing around with you … join in on one of the free live trading sessions and see for yourself if it really is free or just some ploy.

Then, once you’ve actually been to a live session, once you’ve actually downloaded the materials, come back here and give your opinion based on your ACTUAL experience, not based on some knee jerk emotional reaction to what you think your experience might be.

I think that’s a fair thing to ask.

All I’m saying is … I think we need to take a breath. If you’ve got some questions, then please ask. BoyFx, JAWPIPS, and several others that have been to many of my trading sessions, along with myself, will be happy to answer you.

If you’ve got something negative to say, all I ask, all anyone that is actually trading using this system is asking, is that you do so AFTER you have seen the system and been to a free live trading session.

To my “supporters”

At this point I’d like to ask anyone that has been defending me or the system to just end the debate.

Lets come here and post out results and let our results speak for themselves. If this Halid guy or whatever wants to continue his diatribe then let him.

It’s time we took the high road.

Any responses to people should be on the lines of, “I don’t know what you’re talking about, I just made XXX pips today.”

We do that enough times and the morons will grow bored and go away leaving serious traders.

2

Amen to that :slight_smile:

3

I think your system is sound and that anyone trading it (with good money management) will be successful, but I also think you need to realize that you fit the profile of a scammer perfectly. I’m not saying you are a scammer, I don’t actually think you are! I’m just saying you fit the profile, so people are going to assume you’re up to no good.

What scammers usually do around here is post about their great system that makes X number of pips per day, and then tell people to send them an email to learn more about it. That’s what scammers do, and that’s what you did, so people think you are running a scam.

The fact that we have to go to your free trading room or website to get answers means you are using Babypips as advertising, which is against the rules and the main reason people are skeptical of you. I know you’re running a free trading room, but you also run a $500 per month trading room, and it seems you’re just on Babypips to get more members, not to help anyone. I know you’re helping people in your free room, but that’s what scammers do! Help people here, for free, and then people will stop shouting “scam!”

I think the best thing you could do is stop trying to direct people to your website and post an explanation of your system here, and then help people understand and learn to trade that system here. If you did that then most of the naysayers would go away, because it would obvious you aren’t scamming anyone.

4

And you know, that’s fine. Like I said, healthy skepticism is a good thing.

I also don’t have a problem with people asking legitimate questions about the system, how it works, and why things are done the way they are. I’m happy to do it.

What scammers usually do around here is post about their great system that makes X number of pips per day, and then tell people to send them an email to learn more about it. That’s what scammers do, and that’s what you did, so people think you are running a scam.

The fact that we have to go to your free trading room or website to get answers means you are using Babypips as advertising, which is against the rules and the main reason people are skeptical of you. I know you’re running a free trading room, but you also run a $500 per month trading room, and it seems you’re just on Babypips to get more members, not to help anyone. I know you’re helping people in your free room, but that’s what scammers do! Help people here, for free, and then people will stop shouting “scam!”

Okay, here is the problem. The system has multiple videos, several indicators, scritps, and all kinds of things. WELL beyond the attachment limit of this board. So, I couldn’t attach the system to a post.

Further, until recently I had fewer than 50 posts so I couldn’t just link to the site.

As for the trading room … you are right, I do have a paid room. BUT I ALSO still run the free room, no strings attached, no nothing.

Lots of people are sticking with the free room, and I’m fine with that.

Now, it is also true that if I have a scheduling problem I’ll drop the free room, but hey, it’s free.

Someone could hang out in the free room forever, picking up 150 pips per day, and I’ll be fine with that.

The truth of the matter is that anyone attending three to maybe 10 live trading sessions probably won’t need the live trading room anymore because the system is so easy they’ll understand it and can trade it on their own.

Attending from there is just a nice to do thing because of all of the people that do attend there’s some interesting conversation and joking that goes on.

I think the best thing you could do is stop trying to direct people to your website and post an explanation of your system here, and then help people understand and learn to trade that system here. If you did that then most of the naysayers would go away, because it would obvious you aren’t scamming anyone.

How about this. SimpleTradeForex

It’s free, there’s no commercial intent, no links off to any other site, the trading room is free and open to all whenever I do one. In fact I’ll be doing a free live trading session today at noon eastern.

There’s nothing there to buy, and everything someone would need to get started. In fact an experienced trader could probably take what’s there and trade the system without the trading room at all.

5

Great response! Scammer’s usually just insult people, so this helps to show that you aren’t one.

I’d suggest you change the homepage on your profile to the simpletradeforex.com site. It does explain the system clearly and fully, unlike the site you have on their now.

EDIT: After I posted this he started insulting people on his other thread… :slight_smile:

6

good idea consider it done

7

Some people just go looking for trouble. They believe what they hear and never check things out for themselves. They get pleasure from insulting others.

I don’t know you. What you do on the internet has no effect on me. I am an adult. I can make my own decisions. I don’t need anyone “protecting” me from you or anyone else on the internet. I’ll decide for myself if I want what you have to offer. I’ll either take it or leave it. If I don’t like it, I’ll move on. It’s insulting that someone thinks they are doing me a favor by “protecting” me from you. If I can’t figure it out for myself, I have no business trading in the first place.

I have no reason to post nasty comments about you now or later unless you post something nasty about me first. Maybe I will learn something from you and maybe I won’t. I have nothing to lose but maybe something to gain. That risk/reward is a winner.

If you do have something for sale and I want it, that, too, is my decision. If I decide I want it, that is my business and between you and I. And no one else is affected. They need to butt out.

Now, I’ll go wander over to your site and see what’s there.

8

I’ve been following all this for a while. Unfortunately I can’t go to the live session because of schedule problems. The question I do have and have seen it asked but not answered is about the pip count. The commutative property of mathematics is irrefutable. if you make 150 pips total on 5 different pairs with 0.1 lot then that is the same as 30 pips on one pair with a 1.0 lot
If you trade 1.0 lot on each of 5 pairs then you get a true 150 pips compared to 1.0 full lot on one pair, but you better know the difference, especially if you’re a newbie, and I don’t think that point has been made yet, except perhaps by Phil.

I’m not trying to be a naysayer, if it works it works, I’m not saying it does or doesn’t, I’m just saying, make the numbers clear

… I’m a newbie…
and a BBA with a major in CIS
so I know numbers

9

First the results from Thursdays session.

Profitable trades amounted to 100 pips … Unfortunately there was also 190 pips in losing positions amounting to a net 90 pip loss. After three weeks of trading this is only the second losing day.

That said let me answer the question about the difference between trading 1 lot across five pairs versus five lots in one pair.

Seriously I can’t believe that this has been brought up by traders claiming to be experienced but here it goes.

From a pure mathematical perspective there is no difference that is true.

From a trading profits perspective it is true that if you place a single five lot trade in the fastest moving pair that it would make more profits faster.

HOWEVER there is no possible way to know before hand which pair will move the fastest so this argument is beyond ridiculous.

The basket generally provides a level of confirmation of a trend that is sply not possible trading only a pair or two. Furthermore by trading multiple pairs you are protected from one or two going “rogue” and suddenly moving counter to the trend as we saw yesterday with the GNP pairs and what looked an aweful lot like stop hunting.

In other words the basket is meant to provide a level of trading protection without (as a general rule) eating your your profits on every trade with a hedging strategy.

Very nearly all the time the basket moves together and profits are made somewhat quickly (as in 150 pips in a couple of hours).

During those somewhat uncommon times when one pair does move opposite the trend you get protected.

Let me give an example. Let’s say that we looked over the last month and decided that since gbpusd has been the better performer we simply placed a five lot trade on that one pair.

When that cuurency suddenly went wildly against the trend thanks to what looked like institutional stop hunting we would have lost our rear ends to the tune of about 250 pips.

Instead we lost only 90 pips … And folks trading the basic strategy didn’t lose ANY because we dropped that pair from the basket. And in fact finished with a profit.

In short the strategy worked and worked Betty well.

11

Well done, sounds like your doing well :slight_smile: