TheBramble
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Nope, not a sniff of a trade.Buk said:Cable not set off an 'alarm' call among that lot today Tony :?:
What's this Elliot Wave Indicator for the FX market all about?
TheBramble
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Basic system 15 mins, AOS 30 mins.alliance said:
There was no signal on either system for USD/CHF today that I could find...?
Salty Gibbon
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Bit of a worry that Tony. How do you feel about it ?
TheBramble
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No.alliance said:Tony:
Apologies, I put wrong details
TheBramble
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Worried about the losses? No. That's going to be part of any system. As I said, one day's results mean nothing and I am just playing with it at the moment.Salty Gibbon said:
The AOS has produced some good trades, but again, over such a statistically insignificant period of time, I'd not want to stake my handbag on it.
The real benefit (for me) in looking at these systems, apart from the small financial gain, is the insight into something I hadn't considered before, i.e. using the pro's pricing models for my benefit. (To be proven!)
As for worried about the vendor not responding to emails, but finding time to plug a new system 'coming soon' - not that either really, that's what you'd expect from a vendor - no?
I think the trick is to take what's useful from every experience.
While I wouldn't put money out for a VS/DW course, if I get a sense that something useful is being touted (as I did/do with 4xtrend) and the buy-in is minimal, I'll go for it. Nothing really to lose.
timcannell
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Beachie41 said:
I mailed Brian about the 4xTrend system and he doesnt actually have the indicator formulae.... He said to contact FXCM and that they were based on a description in Perry Kaufman's book 'Trading Systems and Methods' - there is some EasyLanguage code there also from which I built a strategy in Tradestation 2000i - I did some hurried backtesting and the results were far from conclusive.
I believe though that the Trend and Number indicators for the FXCM MarketScope application differ somewhat from these - I contacted FXCM and recieved the folloewing response
'Dear Tim Cannell,
The Elliot Wave indicator is a very popular indicator in various markets. The MarketScope charts are probaly to the only free charting package which has them. Unfotunately we cannot divulge the information on the formula for any of the indicators. ...'
So until I can reverse engineer them exactly I cant see a way to backtest the system... :-(
evening all.
Just to let you know i am still at work but i managed to catch a trade this morning on EUR/BGP
15min chart between 11 & 11:30am this morning.
buy @ 0.6891 and still going only +18pips at the moment.
I have been unable to check the charts to see what the peak has been today so i will check when i get home. This will be the last call for the educational manual for a while as i really need to get my head around the AOS.
Anyone get an nice trades today
Regards
C
Just to let you know i am still at work but i managed to catch a trade this morning on EUR/BGP
15min chart between 11 & 11:30am this morning.
buy @ 0.6891 and still going only +18pips at the moment.
I have been unable to check the charts to see what the peak has been today so i will check when i get home. This will be the last call for the educational manual for a while as i really need to get my head around the AOS.
Anyone get an nice trades today
Regards
C
I am wanting to put the 4xTrend indicators into GFT's chart studio so that I can use them on Dealbook.
Having purchased the Education manual, I'm not that happy that I don't have the information to do this.
Having said that, the results being posted here by The Bramble are not looking promising even at this early stage. I must admit my feeling from the start has been that this is a thread started by a party that may have a vested interest in the software (and which the moderators should have moved to the commercial systems section at an early stage.) Carpe if I'm wrong I'm sorry, but I'm just saying that was my instinct.
I don't see the point in being chained to the FXCM platform with this. I won't use them on principle because they are scoundrels who have deceived me to my face, and there are many better options.
If this system is not being sold complete it is being sold under false premises. I am looking at the homepage right now. Nowhere does it say your ability to work with the system requires you to trade with FXCM.
While I'm being miserable and ill tempered, I'll also observe that the thirty quid price point was probably to stop mugs like me chasing a refund when the harsh reality sets in. Harrummph.
(If the system turns out to be a winner by the way, please blame this post on the fine glass of vintage port I'm holding. Ha..)
Having purchased the Education manual, I'm not that happy that I don't have the information to do this.
Having said that, the results being posted here by The Bramble are not looking promising even at this early stage. I must admit my feeling from the start has been that this is a thread started by a party that may have a vested interest in the software (and which the moderators should have moved to the commercial systems section at an early stage.) Carpe if I'm wrong I'm sorry, but I'm just saying that was my instinct.
I don't see the point in being chained to the FXCM platform with this. I won't use them on principle because they are scoundrels who have deceived me to my face, and there are many better options.
If this system is not being sold complete it is being sold under false premises. I am looking at the homepage right now. Nowhere does it say your ability to work with the system requires you to trade with FXCM.
While I'm being miserable and ill tempered, I'll also observe that the thirty quid price point was probably to stop mugs like me chasing a refund when the harsh reality sets in. Harrummph.
(If the system turns out to be a winner by the way, please blame this post on the fine glass of vintage port I'm holding. Ha..)
trendie
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Torch said:
Ahh, a man after my own heart !!! I tend to go for the bubbly myself.
Yes, the small cost was a "throwaway" price, so I felt I havent lost so much if it didnt work.
The problem is it does lose a lot of points waiting for an exit signal, which is why Carpe is using an EMA to trigger exits ( apologies if incorrect, Carpe ).
I am still getting my head round Elliott Waves, as I am essentially a MA and trend-follower.
Overall, it was worth a shot !!
Not too happy about the new AOS where, apparently, they dont use Elliot Waves ?
Whats that all about ?
Selling a system enthusing over EW, then offering a second system that doesnt use them.
hope you had a good days trading. good trading for tomorrow.
Okay first up, at 9:12pm last night I posted what I felt was a balanced set of observations related to the 4xTrend system, its marketing and my conclusion that the creator of this thread may well have a vested interest in the promotion of the system. I am choosing to revise my post not because I have subsequently drawn different conclusions, nor because of the suggestion that IP addresses and location of companies etc can prove a lack of collaboration or dual identity (they can't!), but for the following reasons-
1) Carpe has stated, as has a senior member, that CarpeUK is not Brian(4xTrend mastermind). I accept them at their word.
2) The original post was too focussed on Carpe's identity and was flavoured with my personal opinion, neither of which are relevant to the matter at hand- cold facts re the 4xTrend system.
3) Most of all, the post was unnecessarily personalised (driven by the tipple I fear) and did not properly emphasise the more relevant observations.
Besides which, needlessly finger-wagging at poor old Carpe is pretty silly as its perfectly obvious I read this thread and, at the very least have learned something new about a set of indicators (previously I wouldn't have known an Elliot Wave from Elliot Gould.)
Briefly then, these are some observations thus far about 4xTrend
- The marketing of the Educational system and the AOS are identical, both making the same promises, yet they are unrelated systems, and a reasonable conclusion at the site is that the Elliot Wave stuff and more will be in the AOS; (ie the AOS will be a more involved development of 'the' 4xTrend system which it isn't). It is a rather catch-all reverse engineered promotional thingy. It is not plausible that this is an unfortunate misrepresentation or mixup. Bad vibes, guys.
- The system is being sold incomplete; you need the actual formulae to be able to use the system on the platform of your choice. There's a very informative post from Tim yesterday which includes a reply from Brian 4xTrend that he does not have the formulae. This does not make sense. Observe also the FXCM MS response. There is something tricky about this.
If the system is only going to work with FXCM then in the long term a user is going to have difficulties profitting anyway if the experiences of many FXCM users on all the main FX forums are to be taken into consideration. This apart from tying you to fighting a 5 point spread.
As Carpe states accurately, I retain an interest in this system, otherwise I wouldn't have posted (pity I can't load it onto my ******* chart package, though.). My wish was ultimately to add some balance to an interesting thread that is nevertheless clearly and stickily acting as an effective promotional device for 4xTrend. If it turns out to be as good as it promises, I will be as pleased as anyone else and will serve up the drinks in the Malibu mansion that these statistics suggest is on its way.
1) Carpe has stated, as has a senior member, that CarpeUK is not Brian(4xTrend mastermind). I accept them at their word.
2) The original post was too focussed on Carpe's identity and was flavoured with my personal opinion, neither of which are relevant to the matter at hand- cold facts re the 4xTrend system.
3) Most of all, the post was unnecessarily personalised (driven by the tipple I fear) and did not properly emphasise the more relevant observations.
Besides which, needlessly finger-wagging at poor old Carpe is pretty silly as its perfectly obvious I read this thread and, at the very least have learned something new about a set of indicators (previously I wouldn't have known an Elliot Wave from Elliot Gould.)
Briefly then, these are some observations thus far about 4xTrend
- The marketing of the Educational system and the AOS are identical, both making the same promises, yet they are unrelated systems, and a reasonable conclusion at the site is that the Elliot Wave stuff and more will be in the AOS; (ie the AOS will be a more involved development of 'the' 4xTrend system which it isn't). It is a rather catch-all reverse engineered promotional thingy. It is not plausible that this is an unfortunate misrepresentation or mixup. Bad vibes, guys.
- The system is being sold incomplete; you need the actual formulae to be able to use the system on the platform of your choice. There's a very informative post from Tim yesterday which includes a reply from Brian 4xTrend that he does not have the formulae. This does not make sense. Observe also the FXCM MS response. There is something tricky about this.
If the system is only going to work with FXCM then in the long term a user is going to have difficulties profitting anyway if the experiences of many FXCM users on all the main FX forums are to be taken into consideration. This apart from tying you to fighting a 5 point spread.
As Carpe states accurately, I retain an interest in this system, otherwise I wouldn't have posted (pity I can't load it onto my ******* chart package, though.). My wish was ultimately to add some balance to an interesting thread that is nevertheless clearly and stickily acting as an effective promotional device for 4xTrend. If it turns out to be as good as it promises, I will be as pleased as anyone else and will serve up the drinks in the Malibu mansion that these statistics suggest is on its way.
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Ok just got home from work and read the board. To start
Trenide you are correct i have been using EMA's to exit my trades as i find it saves a lot of profit.
Now on to the Clown who thinks i am Brian
Torch,
Let me make one thing clear. as i said at the very beginning of the thread i have NO VESTED INTEREST in this system. i do not promote it as being the "holiy grail" nor have i ever said it is perfect and makes you millions. for clarification that i am not Brian get the mods on this forum to do a tracert on my IP and they will see i am in the UK, Brian is in the US. do a search on who owns 4xtrend.com and i am sure you will see it being registered in the USA. A few people on this forum know my real name and i can assure you it is not Brian.......Look there are a million & 1 ways to find out if i am who i say i am and if you need help finding out take a stroll to the Tech corner and im sure the people there will help you...........Just got home from a crap day and i see silly posts like this.
As for the amount of time i have put into this thread...what a dumb question. I found this forum by accident and i happen to like it, i came across 4xtrend whilst trying to find a strategy that works and i feel comfortable with i then decided to share what i have found with others.
why start a thread and then leave it? i am the creator of this thread and it has created lots of mixed interest so i feel obliged to help others if and when i can as i believe this strategy works
As for you not liking the system and putting it down fine....DONT BLOODY TRADE IT THEN.!!! but yet you are still working with it using my idea to use EMA's for exit...whats that all about....the strategy cant be that bad if you are still trading it....CAN IT!!!!!
I only trade part time, and thats using a demo account. i seem to have more winning trades then loosing and i think it is because i am only trading part time. Just accept the fact that not everyone will get on with this system, maybe its to SIMPLE for you or to difficult who knows.
Look i could babel on for hours about this post. All I have asked from anyone is they post objective views about that strategy... Torch i dont know how long you have been using the strategy but from your post i can only assume not long. Play with it some more then come back and post some OBJECTIVE views and not sweeping statements and accusations.
If everyone is happy for me to continue this thread i will, if not i will request it gets removed, hay no odds to me....i am doing well with 4xtrend and at the end of the day thats all that counts......ok ok i do like to see others doing well but at this moment its all about me (carpe begins to pick up his toys he has been throwing out of his pram whilst writing this)...
Trenide you are correct i have been using EMA's to exit my trades as i find it saves a lot of profit.
Now on to the Clown who thinks i am Brian
Torch,
Let me make one thing clear. as i said at the very beginning of the thread i have NO VESTED INTEREST in this system. i do not promote it as being the "holiy grail" nor have i ever said it is perfect and makes you millions. for clarification that i am not Brian get the mods on this forum to do a tracert on my IP and they will see i am in the UK, Brian is in the US. do a search on who owns 4xtrend.com and i am sure you will see it being registered in the USA. A few people on this forum know my real name and i can assure you it is not Brian.......Look there are a million & 1 ways to find out if i am who i say i am and if you need help finding out take a stroll to the Tech corner and im sure the people there will help you...........Just got home from a crap day and i see silly posts like this.
As for the amount of time i have put into this thread...what a dumb question. I found this forum by accident and i happen to like it, i came across 4xtrend whilst trying to find a strategy that works and i feel comfortable with i then decided to share what i have found with others.
why start a thread and then leave it? i am the creator of this thread and it has created lots of mixed interest so i feel obliged to help others if and when i can as i believe this strategy works
As for you not liking the system and putting it down fine....DONT BLOODY TRADE IT THEN.!!! but yet you are still working with it using my idea to use EMA's for exit...whats that all about....the strategy cant be that bad if you are still trading it....CAN IT!!!!!
I only trade part time, and thats using a demo account. i seem to have more winning trades then loosing and i think it is because i am only trading part time. Just accept the fact that not everyone will get on with this system, maybe its to SIMPLE for you or to difficult who knows.
Look i could babel on for hours about this post. All I have asked from anyone is they post objective views about that strategy... Torch i dont know how long you have been using the strategy but from your post i can only assume not long. Play with it some more then come back and post some OBJECTIVE views and not sweeping statements and accusations.
If everyone is happy for me to continue this thread i will, if not i will request it gets removed, hay no odds to me....i am doing well with 4xtrend and at the end of the day thats all that counts......ok ok i do like to see others doing well but at this moment its all about me (carpe begins to pick up his toys he has been throwing out of his pram whilst writing this)...
timcannell
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To add to my earlier post - Brian descibes himself somewhere as a mathematician - I also am a maths graduate -I do find it difficult to believe that anyone with such abackground would not be curious as to the calculation of the indicators in a system they used; certianly if they're selling it as well... I agree with Torch that to tie anyone to a particular platform who wants to use the indicators is crap at the best and at the worst well.... Carpe is NOT Brian however !
timcannell said:
This was part of his last reply to me -
"I will give serious consideration to having the indicators programmed into this platform. I have been working to get the indicators programmed into another platform, but it is not so easy. Perhaps it will be easier to have them programmed into the one you suggest."
Considering what he told you previously, I've emailed him for clarification on this matter.
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alliance
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Following the disparity between the signals I was reading on the fxcm charts for USD/CHF the other day and those of Tony (The Bramble), I have spent much time looking again, communicating by em@il with Tony and uninstalling and re-installing the prog and chart plug -in (twice)! Still tho, sometimes when I look back @ a signal after the event....the info has changed
Finally, whilst I still had some hair left on my head...I em@iled FXCM re the problems I was having, and thought my query and (especially) their reply may be of interest to others:
Hi there,
Assistance required pls,
I am attaching 4 screenshots over the same two time periods, both using 3 EW
indicators. The 1st two attachments called 06.45 and 07.00 were taken on
the day (4th Oct). The next two attachments were taken within last 30 mins,
but of the same time period i.e. 4th October 06.45 and 07.00. As u can see,
the indicator numbers have changed, and I am wondering how this can possibly
be? I was looking back to see where a trade had gone wrong, and had the
signals been as per the 6th,,it would have been a no trade!
An explanation of how the same time periods with same indicators can change
from one day to the next would be much appreciated.
Many thanks,
The following response received pretty quickly:
Thank you for your interest in FXCM. The problem that you are incountering is a software problem of MarketScope. Our team of technicians is looking into the program's flaws and it will be fixed very shortly. If you have any further question, you can speak to a charting specialist who will answer your questions more thoughroughly. Please feel free to contact: Brandon Palmer a charting specialist here at FXCM. His email address is [email protected]. I will also forward your email to him.
From your technically advanced question, I get the feeling that you are a technical trader. Please do remember that FXCM is a market maker that provides the best execution in the retail FX market. We offer fixed guaranteed spreads that will never change undre normal market conditions. Yet if you are an advanced technical trader, I would suggest that you subscribe to a premium charting package. A premium package will offer further trend indicators and statistical analytics. Premium charts are supported by coorporations that only specialize in data and therefore will not fail. If you are considering the premium packages, please look at : http://www.fxcm.com/trial-demo.html. We actually offer a one month free subscription to these premium packages which will allow you to demo the charts.
FXCM is committed to offering clients excellent execution, easy accessibility, safety of funds, and the most exceptional customer service in the foreign exchange industry. If you have any questions or concerns, please feel free to contact us by phone, email or live chat 24 hours a day, 7 days a week. Our email is [email protected]. You can call us at +1 (212) 897-7660, or toll-free (US only) at +1(888) 503-6739. Our international toll-free numbers are available at the following page: http://www.fxcm.com/24-hour-customer-support.html
Kindest Regards,
Theodore Tenev
Forex Capital Markets, LLC
32 Old Slip, 10th Floor
New York, NY 10005
Tel: (212) 897-7660
Fax: (212) 897-7669
Email: [email protected]
A "blip" I could handle, but as a relative newbie to TA, knowing the programme has "flaws" doesn't fill me with confidence! Has anyone else encountered similar problems? Tho only paper trading, should I still go with the signals I get or........????
(Thanks Tony for your help and advice and patience)!
Finally, whilst I still had some hair left on my head...I em@iled FXCM re the problems I was having, and thought my query and (especially) their reply may be of interest to others:
Hi there,
Assistance required pls,
I am attaching 4 screenshots over the same two time periods, both using 3 EW
indicators. The 1st two attachments called 06.45 and 07.00 were taken on
the day (4th Oct). The next two attachments were taken within last 30 mins,
but of the same time period i.e. 4th October 06.45 and 07.00. As u can see,
the indicator numbers have changed, and I am wondering how this can possibly
be? I was looking back to see where a trade had gone wrong, and had the
signals been as per the 6th,,it would have been a no trade!
An explanation of how the same time periods with same indicators can change
from one day to the next would be much appreciated.
Many thanks,
The following response received pretty quickly:
Thank you for your interest in FXCM. The problem that you are incountering is a software problem of MarketScope. Our team of technicians is looking into the program's flaws and it will be fixed very shortly. If you have any further question, you can speak to a charting specialist who will answer your questions more thoughroughly. Please feel free to contact: Brandon Palmer a charting specialist here at FXCM. His email address is [email protected]. I will also forward your email to him.
From your technically advanced question, I get the feeling that you are a technical trader. Please do remember that FXCM is a market maker that provides the best execution in the retail FX market. We offer fixed guaranteed spreads that will never change undre normal market conditions. Yet if you are an advanced technical trader, I would suggest that you subscribe to a premium charting package. A premium package will offer further trend indicators and statistical analytics. Premium charts are supported by coorporations that only specialize in data and therefore will not fail. If you are considering the premium packages, please look at : http://www.fxcm.com/trial-demo.html. We actually offer a one month free subscription to these premium packages which will allow you to demo the charts.
FXCM is committed to offering clients excellent execution, easy accessibility, safety of funds, and the most exceptional customer service in the foreign exchange industry. If you have any questions or concerns, please feel free to contact us by phone, email or live chat 24 hours a day, 7 days a week. Our email is [email protected]. You can call us at +1 (212) 897-7660, or toll-free (US only) at +1(888) 503-6739. Our international toll-free numbers are available at the following page: http://www.fxcm.com/24-hour-customer-support.html
Kindest Regards,
Theodore Tenev
Forex Capital Markets, LLC
32 Old Slip, 10th Floor
New York, NY 10005
Tel: (212) 897-7660
Fax: (212) 897-7669
Email: [email protected]
A "blip" I could handle, but as a relative newbie to TA, knowing the programme has "flaws" doesn't fill me with confidence! Has anyone else encountered similar problems? Tho only paper trading, should I still go with the signals I get or........????
(Thanks Tony for your help and advice and patience)!
Attachments
TheBramble
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Unfortunately Alliance, I think it's a bit academic whether FXCM charts/data can be trusted in relation to 4xtrend systems...
http://www.amazingforexsystem.com
Brian's (4xtrend) NEW BEST FX SYSTEM....
I think the amount of support for the basic or even the AOS system you can expect from them is going to be a little limited. I could be wrong of course.
I do feel the need to reiterate that 4xtrend is a system vendor - not necessarily a trader.
For those who have just purchased the basic and/or advanced options strategy systems, they may well be wondering why they weren't informed an even better, hotter, more exciting, more valuable system wasn't just a few days away from release. They may well indeed.
My perspective hasn't changed. I don't believe any system vendor has a product worth selling (or they wouldn't be selling it) - but there may be elements of interest and usefulness within some of them (as there is for me with AOS).
For the cost of a medium-priced trading book I think it's been worth my time and it's made me a small profit. I wont be using 'it' (i.e. either system) 'as shipped', but certainly have enjoyed adapting some of the more interesting tactics to my own trading style.
http://www.amazingforexsystem.com
Brian's (4xtrend) NEW BEST FX SYSTEM....
I think the amount of support for the basic or even the AOS system you can expect from them is going to be a little limited. I could be wrong of course.
I do feel the need to reiterate that 4xtrend is a system vendor - not necessarily a trader.
For those who have just purchased the basic and/or advanced options strategy systems, they may well be wondering why they weren't informed an even better, hotter, more exciting, more valuable system wasn't just a few days away from release. They may well indeed.
My perspective hasn't changed. I don't believe any system vendor has a product worth selling (or they wouldn't be selling it) - but there may be elements of interest and usefulness within some of them (as there is for me with AOS).
For the cost of a medium-priced trading book I think it's been worth my time and it's made me a small profit. I wont be using 'it' (i.e. either system) 'as shipped', but certainly have enjoyed adapting some of the more interesting tactics to my own trading style.
