Have you considered doing the opposite of concept?
Phil
Have you considered doing the opposite of concept?
yes it has....just bought 2 packages as they offered a 1000:00 off discount.Could not resist it!!
Concept doesn't signal a trade?
Phil
Not anymore. The pairs have trended amazing pip gains for the past week or two. I have made a killing on EUR/USD since the 29th of Sep. I just wish concept would enter a trade and take advantage of the obvious trends.
Well at the moment it's mostly time. As you predicted in an earlier post the trades have dried up and as you and Pvisser point out, Concept has missed some big moves in the recent week or so.Why are you all still wasting your time and money on Concept? Sorry, but you're crazy! You need to get real and "move on". The system has fallen apart, and the option of altering risk level is nonsense! The present market has offered fantastic opportunities and Concept misses every time. Nothing to do with level of risk.
Why are you all still wasting your time and money on Concept? Sorry, but you're crazy! You need to get real and "move on". The system has fallen apart, and the option of altering risk level is nonsense! The present market has offered fantastic opportunities and Concept misses every time. Nothing to do with level of risk.
... The present market has offered fantastic opportunities and Concept misses every time. Nothing to do with level of risk.
I follow the posted results on FX53.com (regularly updated, with the bad as well as the good) and the open trade on the link above:
061 GBP/JPY 07-10-08 SELL 177.60 OPEN
will at the time of writing have made 502 pips. And not a sound from Concept since
29th sept
Phil
I follow the posted results on FX53.com (regularly updated, with the bad as well as the good) and the open trade on the link above:
061 GBP/JPY 07-10-08 SELL 177.60 OPEN
will at the time of writing have made 502 pips. And not a sound from Concept since
29th sept
Phil
When you boys want to make your money back, come and find me.Graham
I am with you on this. There are many black box systems making predictions, but the markets the past few weeks have been awful for EOD, so am glad concept have not been giving alerts. Intraday has been great if you can get on the run, but until the market settles, I feel concept will get it wrong more than right. It is a shame, as I would have liked to have made all the investment money back before renewal of the service comes up, so I can make the decison whether to do it for another year. At the moment it would be unliklely based on current results. Things may change
Thank you for that link it looks like a good system with minimal effort. I have just bought another system called ProFX from Forexeasystems - Manual Trading Strategy - ProFx
So far I have tested it on 5 currency pairs and it works brilliantly on three of them.
I have found though that if you buy custom indicators, all you need is an entry. With effective risk management and trading psychology you can produce amazing results. If you do your own analysis (which takes me a long time) and it doesnt work you might be psychologically affected afterwards, but if you just get a simple indicationn from an indicator you can concentrate on your risk management and psych.
I think that should work. At the same time I'm waiting for concept to work
Ah, the Forex Autocash Robot. Almost nine years without a single loss, every trade a winner, said the pre-launch build-up. And then it launched, thus going live. And what happened the first week? Yep you've guessed it!
Ah well.....
pvisser,
anddy26,
I like the point about using the custom systems for trade entry, and then exiting using money management and staying cool. That is where I have arrived in my own trading journey.
I have ProFX too. I do think the chart is too crowded with indicators, but as a trend following system it is sound. I also have Sniper, which is easier on the eye, and very similar to ProFX. The system I am most attracted to is FX53, but I am not willing (yet) to layout £700. As for everyday trading, I am now using a fractal breakout method, with the Alligator indicator as a filter, which is simple and easy, with some success. I may try Sniper as the filter instead of the Alligator.
I bought into the Shark EA, but have not had a chance to give it a fair go yet, as I've been travelling. The first few trades it did however were not successful overall because there were too many losing trades. Being a bit of a "system tart" I also bought the Forex Autocash EA, which I have not yet setup to trade because of travelling.
The EAs do pose a problem if you cannot be online 24/365. So I bought into a VPN service on which I will run EAs. Papertrading initially obviously. I am in the process of setting everything up. ForexVPS :: Forex VPS Hosting . Sadly of course the EAs (always assuming they work!) cannot be used for spreadbetting.
I use an ODLS demo account on the Meta Trader 4 platform.