avtarsaini
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Ouch
I nearly got stopped out on EURJPY but adjusted the stop to 13495.
Is anyone else in EURJPY ? Not too sure what target to set on this. conceptfx has closed the trade.
I nearly got stopped out on EURJPY but adjusted the stop to 13495.
Is anyone else in EURJPY ? Not too sure what target to set on this. conceptfx has closed the trade.
I'm still in and didn't get stopped out, i use etrade. I'm keeping the target at 130.30 but adjusting the stop loss to lock in some profit.
Hi,
completely new here and have registered to investigate conceptfx, thanks to all for previous info.
PS; I have been offered system for around 4K, does that sound about right or are deals to be had.
Cheers
Servus
Hi,
I recently bought into Concept-FX, and put my first trade on on 4 July. I am now in my third trade. The software is actually very simple and quick. I think the actual historical market data is not downloaded, and all the processing is done by the parent software from which we download the daily trading "instructions". The fact that the front end is a little clunky is not important. It is very quick and works just fine.
Before I discovered this thread, I bought "sight unseen", but did a lot of analysis of my own on the published "results" which purport to reflect trades over 4 years and more. I was quite persuaded, but it does in the end come down to a matter of putting faith in it. It does not seem possible to demonstrate in any final way that it will deliver similar resulots in the future. But that is trading, and any system is questionable in that sense.
Using it is a doddle. I like the end of day method.
I should say that I previously used Tradewin, from the same stable as Concept, for trading stocks. So I had some confidence in the vendor. Albeit Tradewin failed in the end to cope with the volatility of recent markets. I don't think Forex is so vulnerable.
Others on here have used it longer than me.
Does Concept FX do what it says on its web site and anything else you can say that will reassure me that I am not throwing good money after bad?.........
You quote from I think my first post on this thread. Things have moved on a long way for me, but without Concept! Frankly I lost my confidence in it when results started to look a bit like the disastrous end game with Tradewin, which I had also used successfully but which eventually fell apart. Some on here implied I did not have the psychological strength to stay with Concept, but my decision to stop trading it was based on logic and judgement, neither of which can be perfect. I took up trading with robots instead, and for the interest of others on here I have posted my progress, which has very definitely been better than with Concept. But nothing is certain in this game, and I do not crow about being more successful now than I was with Concept. If you follow all my ramblings on this thread you will see me transition from very positive to very negative about Concept. I remain negative, notwithstanding some recent improvement in Concept's performance. If you want my distilled opinion, I would not ever again layout £2000 or £3000 or £4000 on something like Concept or Tradewin, not ever again. The robots I am now using typically involve a purchase price of £50 to £100 with 2 month no questions asked instant money back guarantee. In 2009 they have more or less produced twice the profit that Concept would have over the same period. I am not saying it has been easy, but more profit is more profit, and that is what I want. Of course there are many on the T2W threads who disparage robots, but that is because many robots (often called EAs) are appalling scams, and you have to be very circumspect if you want to travel the robot road.
I am about to post an update on my "robot story".
Just a point to add re my robot trading. Someone on here said FAPT is only profitable if you know enough to tweek the settings, and you can't just trade it out of the box. In fact I do just trade all robots, including FAPT, out of the box, as I have more confidence in the defaults set by the authors than in any half baked ideas of my own! The only thing I am really selective about is which pairs to trade on FAPT.
..........i see you are using FAPT and Megadroid, what others have you tested, sorry if this has been covered but i am too lazy to trawl through all the posts , have you ever thought of trying a managed account ?