5EMAs Forex System - Opinions - page 6
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Yakka: Naive has very little to do with it since I personally know 2 of the people that have given testimonials. As for being hard on the other pair...how?
TalkMoney27 is announcing that he's either too broke or too stingy to spend a few bucks on a course that comes with a 100% money back guarantee from ClickBank! What a real credit to the community he must be!
Mashki then announces that he's also a fine, upstanding citizen by publishing the download link to COPYRIGHTED material in a public forum and inviting others to steal a copy!!
WOW - I bet their mothers must be really proud of them both!
If either of them put even 50% of the time and effort (I'm not going to hold my breath!) that most course publishers put into creating a trading course, I'm sure they'd both have a very different perspective on the situation.
Finally, BillBSS: If I was a "shill" then I'd be telling everyone to run across and buy a copy and I'm blatently not.... what I AM saying is that stealing copies of courses does none of us any good.
Yakka: Naive has very little to do with it since I personally know 2 of the people that have given testimonials. As for being hard on the other pair...how? TalkMoney27 is announcing that he's either too broke or too stingy to spend a few bucks on a course that comes with a 100% money back guarantee from ClickBank! What a real credit to the community he must be! Mashki then announces that he's also a fine, upstanding citizen by publishing the download link to COPYRIGHTED material in a public forum and inviting others to steal a copy!! WOW - I bet their mothers must be really proud of them both! If either of them put even 50% of the time and effort (I'm not going to hold my breath!) that most course publishers put into creating a trading course, I'm sure they'd both have a very different perspective on the situation. Finally, BillBSS: If I was a "shill" then I'd be telling everyone to run across and buy a copy and I'm blatently not.... what I AM saying is that stealing copies of courses does none of us any good.
Links have been removed, its against the boards policy to post copyrighted materials or links to them. If any one want to share such stuffs, do it in private.
I think this matter is settled, so no need to keep flaming each other.
My personal opinion on the system, its crap
Well guys, this is my first post around here, so greetings to all of you and thank you for this forum. Thanks to this place I already increased my forex knowledge a little bit.
I dont think its healthy to create confilcts because of opinions about this system so I just wanna peacefully express my opinion since I bought this system 2 weeks ago.
I bought the entire package including the "advanced module". If you go throughout independent review sites of forex systems, in general, the 5 emas is considered by several traders and analysts around the globe as one of the best commercial systems around, I guess that can be a good beginning. As we all know systems are subjective towards their usage, a system which is good for me might be not good for you. Once I bought (I appreciate that you erased the links of copyrighted material I really disagree with piracy) the KISS systems, they have forums, lots and lots of people speak about KISS system almost as the holy grail...Well, I asked for a refund when I looked into it, because I really dislike the early morning breakout strategies for the GBPUSD, I hate it, really, but it works for many people (maybe??). Fortunately customer services were acceptable and I promptly got my money back.
Now back to 5 EMAS, maybe its good for me and not so good for you, I dont think the system is junk. 2 weeks I made 150 pips and lost 70 pips so I am still up 80 pips. Which for 2 weeks is ok, and this system needs practice in order to spot the false signals. Actually, the advanced module contains a custom indicator which really helps filtering out the false trades and I use it instead of STO (5,3,3) on the H1 chart. So far, so good. Lets hope it stays this way. But, at the end of the day, you are the one who goes fishing, you can find a tool that suits you, but no tool will fish for you. THERE IS NO HOLY GRAIL!!!!!!!! FORGET IT!!!!!!!!!!!!!!! But, if you find YOUR tool, shape it until you feel its yours, then use it. Results will come. Practice practice practice, discipline discipline discipline.
If you want something to do the work for you... Then, forget about forex, and try to go to Norway as asylum seeker or something, you might get nice subsidies for doing nothing.
Once again, thanks for this forum and good luck to all of you traders!
Dear oilfxpro,
I dont want to be misunderstood, there are some good EA's (was that EA your creation?) however, I truly believe that any EA created up to this date sooner or later failed and needed more programming in order to be updated. I believe with future AI development computers will be able to do trades more successfully and learn with mistakes (any of you tried advacast? I am curious about it). But, we cannot forget that the market is primarly bio-impulsed by us humans. So, sooner or later the technical abilities of any EA will be obsolete and losses will come unless human hand is put into work. So, ultimately, you will always have work to do. Once again I dont see any reason why I should retract my statement. I use an EA made by me, but it only trades with manual confirmation and the efficiency of the EA without manual confirmation is 5 times lower (still profitable, though). The bottom line is if you want to be safe in this market, you have to supervise, upgrade and maintain a continuous development of the code. Any EA can be really good for a certain and definite period of time. Last, I need to pay my deep respect to the creator of this EA, because it is indeed good. My question is: until when?
Regards,
Elektrance
Dear oilfxpro, I dont want to be misunderstood, there are some good EA's (was that EA your creation?) however, I truly believe that any EA created up to this date sooner or later failed and needed more programming in order to be updated. I believe with future AI development computers will be able to do trades more successfully and learn with mistakes (any of you tried advacast? I am curious about it). But, we cannot forget that the market is primarly bio-impulsed by us humans. So, sooner or later the technical abilities of any EA will be obsolete and losses will come unless human hand is put into work. So, ultimately, you will always have work to do. Once again I dont see any reason why I should retract my statement. I use an EA made by me, but it only trades with manual confirmation and the efficiency of the EA without manual confirmation is 5 times lower (still profitable, though). The bottom line is if you want to be safe in this market, you have to supervise, upgrade and maintain a continuous development of the code. Any EA can be really good for a certain and definite period of time. Last, I need to pay my deep respect to the creator of this EA, because it is indeed good. My question is: until when? Regards, Elektrance
You got that point right... very true what u said.
Hi Better's EA is a probabilistic EA , very similiar to the games in a casino. If Elektrance's theory is correct , casinos have got their probabilities wrong and may have to change them like Expert advisors may have to change in the future casinos bar players for car reading and probabilistic system cut their losses I don't agree with your views on great probabilistic expert advisors oilfxpro
Trading and random controlled games (casino games) are 2 different worlds. The sustainability of your viewpoint invocates something which I never said. Casino games are always in favour of the Casino because the dealer is emotionless while the player is betting his own money therefore is, in principle, already on a disadvantage position. Moreover casino games are restricted to small equations (number of cards, numbers that already came out, etc..etc...) while forex trading combines complex technical data with fundamental macroeconomics analysis which no EA can do for an indefinite period of time. Moreover Casinos are always reinventing themselves in some way and even the more traditional games are quite controlled. If you are a professional and very succesful casino player believe me that either one of 2 things will happen to you. 1) Casino will spot you through their security network and will reserve the right to admit you in their facilities 2) Maybe they'll offer you a job as pit boss or something. But you WILL NOT be able to take your place as a player unless you go to a different casino and so on...
So, even assuming that I said what I didnt say, I actually could have said "casinos have got their probabilities wrong " this statement is not true in absolute but it is relatively true. Thus a small elite of professional players can demonstrate that money can be made on Casinos quite easely, however adding to this theme that Casinos have deep security and surveillance systems and that the majority of the people loses their money to the dealer they still have a win win situation.
Regards,
Elektrance
I bought the system about 5 months ago, and what I can say about it is this, if you have the abillity to trade 24hours a day and watch the charts then it is a good system and will mack you money, but for me all the best trades took place when I was not by pc. and I took most of the loosing trades.
and as you must use descretion when entering trades you cant just enter blindly.
so if you are a zombie and can be all the time by pc then go and get the system it woll make you money, and it is not the same as the other system.
I bought the system about 5 months ago, and what I can say about it is this, if you have the abillity to trade 24hours a day and watch the charts then it is a good system and will mack you money, but for me all the best trades took place when I was not by pc. and I took most of the loosing trades. and as you must use descretion when entering trades you cant just enter blindly. so if you are a zombie and can be all the time by pc then go and get the system it woll make you money, and it is not the same as the other system.
Hey man
The package comes with EA also... so how u miss the tradeS?
Hello again,
I couldnt agree more with bossxero, although he doesnt like the system and I do, the EA will give you a earshot when to look at the charts.
However, I dont follow so much that earshot as I customized this system to suit my own trading style and sice I am a full time trader I monitor the charts at least 10 to 12 hours monday to friday. Well, after all, this is a job, like any other job, the differences are:
-You are your own boss
-Usually (if you're good are it) you are better paid than most jobs
-You dont have to deal with boring coworkers and idiot managers
-You are only responsible for yourself
-You manage your own time and vacations
So, since I bought the advanced system, I advise you [sparky292] to take a look at it, because it has method for end-of-the-day traders who want to keep their day jobs. Once again, I believe either you didnt follow the system correctly or probably you didnt buy the advanced module maybe you should give it a try.
Since yesterday I banked 300 pips more using a low risk approach and my last positions were:
Sold eur usd (2007-12-13 at 1400 GMT)
bought usd chf (2007-12-13 at 1300 GMT)
Sold aud usd (2007-12-13 at 1000GMT)
Sold gbp usd ( 2007-12-13 at 1400GMT)
Sold eur chf (2007-12-14 at 1300GMT)
Sold eur jpy ( 2007-12-14 at 1500GMT) - LOSS
So I got 5 wins and 1 loss.
I really love this system, my advice is to look at the advanced module, it comes with a powerful indicator which allows you to enter the trade before the earshot and also it allows false earshot signals to be filtered out.
I also combine the divergence system with the 5 emas so I can see if there is a divergence or convergence which can increase the confirmation depth of the positions which I hypothetically consider opening.
Happy trading.
Elektrance
Hello again, I couldnt agree more with bossxero, although he doesnt like the system and I do, the EA will give you a earshot when to look at the charts. However, I dont follow so much that earshot as I customized this system to suit my own trading style and sice I am a full time trader I monitor the charts at least 10 to 12 hours monday to friday. Well, after all, this is a job, like any other job, the differences are: [ -You are your own boss-Usually (if you're good are it) you are better paid than most jobs-You dont have to deal with boring coworkers and idiot managers-You are only responsible for yourself-You manage your own time and vacations ] Thats why we are all here...
If you modified the system.. then you are trading something else and not the 5emas...