Just gathering the relevant information first. Don't want to misunderstand what's going on here.
Ok - here's my constructive criticism;
1) There's no such thing as free money when it comes to trading.
2) If you don't understand how a system is generating it's signals, you won't understand under what conditions it will perform well, and under what conditions it will perform badly.
3) If you don't understand these things, then the rapidly changing nature of trading conditions these days in FX means that you risk blowing yourself out of the water when something happens that doesn't fit the world reality that you can imagine.
4) If a system is black box it by nature also isn't optimised to your individl tolerance for risk etc.
5) Unless you have detailed first hand test experience of a system you cannot know what sort of performance is within acceptable tolerance, and what sort of performance should set alarm bells ringing. Is 10 consecutive losers fine? is 20? What is the expectancy of the system? Sharpe Ratio? Any sort of risk adjusted return measure? The reason I came down so hard on the person who said that 'any profit is a good one' is because it really really isn't true. Unless you know what you were risking to make that money then you can't say that it's a good profit. And that doesnt even mention time taken to achieve it. Remember - your capital isn't infinite, so if you have enough capital to trade a cretain position size and / or a certain number of different positions it's no good tying up a chunk of that on a trade that's happy taking profit of 7 pips, risking 50, right 70% of the time for example. So you need to know what the expectancy is. So I fully stand by that earlier comment.
6) The simple fact is that the person who will make the most money off a system like this is the person selling it, NOT buying it.
7) This is a classic thread for this type of aggressively virally marketed system. And what that means is that, while some of the posters in it may be genuine users of the system trying to learn how it works, most of you here are simply plants, acting like newbies in order to generate internet traffic attracting people to the product. It happens so many times that you just get to know what it looks like.
So my constructive advice to the few GENUINE people on this thread is don't part with a penny of cash for something you don't understand fully. Sure, I don't understand every last detail about how my car works, but that is a function of the amount of time I xhoose to spend learning that stuff (which in turn is a function of the cost / time dynamics of what my job pays vs my servicing bills from my usually excellent local mechanics etc etc). But in the case of a black box system that info simply isn't open to you, so you're buying totally blind.
That's my $0.02 - can't say it wasn't constructive, it's just telling all of you (both the scammers here and anyone genuine) stuff you don't wanna hear - there really isn't a black box holy grail.
GJ
