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Sandis Smilts
Self-evaluation and updates about the Signal (https://www.mql5.com/en/signals/723505) are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio If there are any questions, feel free to approach me via PM
Sandis Smilts
https://www.mql5.com/en/signals/723505
Good news, everyone!
After repeatedly bothering Admiral Markets team again and again, we received a call this morning – long story short, migration from UK will not be forced, their lawyers have found a way to continue maintaining operations there.
What this means for us:
• Starting Monday, 4th of December, all GRID setups will be fully restarted;
• Monthly PDF will be prepared and published till the 6th of December.
Don’t know about You, but we are stoked – the Portfolio is back, lets turn it up a notch! Will see what the final month of the Year will bring to us, but we do expect to end it on high note.
Cheers!
Sandis
Good news, everyone!
After repeatedly bothering Admiral Markets team again and again, we received a call this morning – long story short, migration from UK will not be forced, their lawyers have found a way to continue maintaining operations there.
What this means for us:
• Starting Monday, 4th of December, all GRID setups will be fully restarted;
• Monthly PDF will be prepared and published till the 6th of December.
Don’t know about You, but we are stoked – the Portfolio is back, lets turn it up a notch! Will see what the final month of the Year will bring to us, but we do expect to end it on high note.
Cheers!
Sandis
· 1
Sandis Smilts
Hey all!
FX SUMO Diversified Portfolio has already 70 investors across MQL5 and Signalstart platforms - join the adventure and our hunt for pips! Link to the signal:
https://www.mql5.com/en/signals/723505
Cheers!
Btw, You are more than welcome to join our Telegram group as well: https://t.me/FXSUMODiversifiedPortfolio
FX SUMO Diversified Portfolio has already 70 investors across MQL5 and Signalstart platforms - join the adventure and our hunt for pips! Link to the signal:
https://www.mql5.com/en/signals/723505
Cheers!
Btw, You are more than welcome to join our Telegram group as well: https://t.me/FXSUMODiversifiedPortfolio
Sandis Smilts
The latest MQL5 Signals' ranking for August, 2023 has been published in this discussion group: https://t.me/FXSumoDiscussionGroup
Hope You will enjoy!
Sandis
Hope You will enjoy!
Sandis
· 1
Sandis Smilts
https://www.mql5.com/en/signals/723505
Guys, its not always all-negative when it comes to interaction with subscribers.
Just today we received a package from one our oldest subscribers, which has been with us for more then 2 years. This individual has managed to withdraw all of his initial investment, and currently is operating with only profit-side of funds.
Although this person didn’t want to be mention by name, we can reveal that he is member of this discussion group.
Dear Friend, together with our team we will open one of these bottles of wine this evening, and drink for further long-lasting partnership with You – cheers and best of luck! 😉
Sandis
Guys, its not always all-negative when it comes to interaction with subscribers.
Just today we received a package from one our oldest subscribers, which has been with us for more then 2 years. This individual has managed to withdraw all of his initial investment, and currently is operating with only profit-side of funds.
Although this person didn’t want to be mention by name, we can reveal that he is member of this discussion group.
Dear Friend, together with our team we will open one of these bottles of wine this evening, and drink for further long-lasting partnership with You – cheers and best of luck! 😉
Sandis
Sandis Smilts
https://www.mql5.com/en/signals/723505
Guys, we find ourselves in uneasy situation, thus, do want to address this.
During the last few months, we have publicly received multiple 1* reviews from our subscribers on MQL5. The reviews itself aren’t the main problem; the main problem is that, although recent Signal’s performance has been mediocre, the displayed results are in line with publicly expressed expectations and historical performance. Because of this, one might ask – based on what information does the decision to subscribe is being made by these people?
Let’s take Syed’s review as an example…
And before we point to the obvious, just food for thought -> we do understand the anger and frustration that Your 2.5k investment didn’t bring in the fortune You expected to generate, but, please, stop with the narcissistic behavior and statements like “i cant wait till the account got busted!”. Whatever the performance of this copying has been for You, hoping to see ~70 individuals with total pool of >1 mil. USD to go under because of this is… not normal, lets put it that way. 😉
With regards to other details – here, the person came in with 2.5k balance, and didn’t even realize that ~2% of that will be gone monthly due to fees. Signal’s monthly growth target is 3-5%, Syed here decided to come out swinging when DD was close to 9%, so… is this surprising to anyone? – where is any sort of due diligence from the subscriber? – both our recent drawdown and growth have been well in-between the historical limits, based on what information was the decision made to subscribe?! We have said again and again – we don’t rush to collect 30 USD from subscriber, keep that to Yourselves -> we much rather have subscribers that have clearly defined expectations of the Signal, then subscribers with gamblers’ mentality that first throw money in our Signal, and only then ask questions. And just to cement on this – we would be better-off without Your 90 USD paid for 3 months, then to deal with this review itself… But, hey, here we are. 😉
Just friendly reminder – we are being crucified this month for having 5% growth and 9% DD, when the publicly expressed goal is to have growth/DD relationship of 1:1 over 3-month period of time…
As we have close to 0 marketing/advertising efforts, most of our time is being spent answering questions of existing subscribers, providing in-depth analysis of trading performance and, generally, improving the life of current paying customers. In this case, whatever is being published by these customers in review section does effectively become our (or here, Your) indirect promotion of our Signal. And, again, we have no problems to face the criticism and back-clash, but seeing that for months that are not statistical outliers compared to overall history is… hard to digest, would that be the right phrase?
We are currently struggling to understand on where we should put our efforts – somehow, there is still tremendous proportion of people that cant seem to use the provided analysis in proper way. This inability leads to mislead and ill-considered investments, resulting in negative reviews, which tremendously slow down the growth of our subscribers’ base, as well as general interest in our Signal.
All in all, the general amount of public reviews is not sufficient – only 16 reviews out of 142 different individuals that have at any time followed the signal through MQL5. Currently, the general view about the Signal is super polarized – either there are 5* reviews from subs with 12 months+ experience with us or frustrating 1* reviews from people, which joined with undersized accounts and false expectations from the very beginning. From our perspective, its not all pure-black or pure-white, and we would love to see more fragmented take on our performance, as it’s the only way on how we can understand whether there is real demand for our services and where the possible improvements could come from. We strongly encourage everyone, who hasn’t reviewed our Signal yet, to do that in near future; on top of that, we expect You to update Your reviews (both positive or negative) as frequently as possible – this should strengthen the collaboration between us and the community.
Sandis
Guys, we find ourselves in uneasy situation, thus, do want to address this.
During the last few months, we have publicly received multiple 1* reviews from our subscribers on MQL5. The reviews itself aren’t the main problem; the main problem is that, although recent Signal’s performance has been mediocre, the displayed results are in line with publicly expressed expectations and historical performance. Because of this, one might ask – based on what information does the decision to subscribe is being made by these people?
Let’s take Syed’s review as an example…
And before we point to the obvious, just food for thought -> we do understand the anger and frustration that Your 2.5k investment didn’t bring in the fortune You expected to generate, but, please, stop with the narcissistic behavior and statements like “i cant wait till the account got busted!”. Whatever the performance of this copying has been for You, hoping to see ~70 individuals with total pool of >1 mil. USD to go under because of this is… not normal, lets put it that way. 😉
With regards to other details – here, the person came in with 2.5k balance, and didn’t even realize that ~2% of that will be gone monthly due to fees. Signal’s monthly growth target is 3-5%, Syed here decided to come out swinging when DD was close to 9%, so… is this surprising to anyone? – where is any sort of due diligence from the subscriber? – both our recent drawdown and growth have been well in-between the historical limits, based on what information was the decision made to subscribe?! We have said again and again – we don’t rush to collect 30 USD from subscriber, keep that to Yourselves -> we much rather have subscribers that have clearly defined expectations of the Signal, then subscribers with gamblers’ mentality that first throw money in our Signal, and only then ask questions. And just to cement on this – we would be better-off without Your 90 USD paid for 3 months, then to deal with this review itself… But, hey, here we are. 😉
Just friendly reminder – we are being crucified this month for having 5% growth and 9% DD, when the publicly expressed goal is to have growth/DD relationship of 1:1 over 3-month period of time…
As we have close to 0 marketing/advertising efforts, most of our time is being spent answering questions of existing subscribers, providing in-depth analysis of trading performance and, generally, improving the life of current paying customers. In this case, whatever is being published by these customers in review section does effectively become our (or here, Your) indirect promotion of our Signal. And, again, we have no problems to face the criticism and back-clash, but seeing that for months that are not statistical outliers compared to overall history is… hard to digest, would that be the right phrase?
We are currently struggling to understand on where we should put our efforts – somehow, there is still tremendous proportion of people that cant seem to use the provided analysis in proper way. This inability leads to mislead and ill-considered investments, resulting in negative reviews, which tremendously slow down the growth of our subscribers’ base, as well as general interest in our Signal.
All in all, the general amount of public reviews is not sufficient – only 16 reviews out of 142 different individuals that have at any time followed the signal through MQL5. Currently, the general view about the Signal is super polarized – either there are 5* reviews from subs with 12 months+ experience with us or frustrating 1* reviews from people, which joined with undersized accounts and false expectations from the very beginning. From our perspective, its not all pure-black or pure-white, and we would love to see more fragmented take on our performance, as it’s the only way on how we can understand whether there is real demand for our services and where the possible improvements could come from. We strongly encourage everyone, who hasn’t reviewed our Signal yet, to do that in near future; on top of that, we expect You to update Your reviews (both positive or negative) as frequently as possible – this should strengthen the collaboration between us and the community.
Sandis
SYED HUSSNAIN AMEER
2023.07.25
That is real review, and the stats ! if you cant bear the review please do not post signal for public ! this is real review and i've lost over $700 in almost last almost 5 months ! i have right to leave true review, ! Stop asking people to send me personal messages about review n explanation etc !
Sandis Smilts
Self-evaluation and updates about the Signal (https://www.mql5.com/en/signals/723505) are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
Self-evaluation and updates about the Signal (https://www.mql5.com/en/signals/723505) are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
Guys, there is new simulation file added in telegram group https://t.me/FXSUMODiversifiedPortfolio about FX SUMO Diversified Portfolio Signal (https://www.mql5.com/en/signals/723505) where potential subscriber can simulate last 6-month performance with his own copying setup!
If You have any other questions, feel free to approach me via PM!
Cheers!
Sandis
If You have any other questions, feel free to approach me via PM!
Cheers!
Sandis
Sandis Smilts
Self-evaluation and updates about the Signal (https://www.mql5.com/en/signals/723505) are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
The newest ranking of close to 1000 MQL5 signals available on this telegram group:
https://t.me/FXSumoDiscussionGroup
https://t.me/FXSumoDiscussionGroup
· 1
Sandis Smilts
The newest ranking of close to 1000 MQL5 signals available on this telegram group:
https://t.me/FXSumoDiscussionGroup
https://t.me/FXSumoDiscussionGroup
Sandis Smilts
https://www.mql5.com/en/signals/723505
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
https://www.mql5.com/en/signals/723505
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
https://www.mql5.com/en/signals/723505
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Self-evaluation and updates about the Signal are available on PDF published in this telegram group: https://t.me/FXSUMODiversifiedPortfolio
If there are any questions, feel free to approach me via PM! Sandis
Sandis Smilts
MQL5 signals' scoring for August has been updated, here are the final results. For more details or anything, feel free to PM me! Cheers, Sandis
Sandis Smilts
https://www.mql5.com/en/signals/723505
Oh, guys, -3.5% day, let the grilling begin! (sun)
What a damn day - there was a moment we were angry, then it became funny, and then we were laughing in full voice. Like, one can't make this sh1t up, literally cant. But ok, lets go through this point by point.
So first and foremost - what did cause this? - in short, EURUSD and super volatile zig-zag movements after ECB decision to increase rates by 0.5%. As most of You know, we do have in our "arsenal" quite many breakout setups, mainly, across EURUSD/GBPUSD/USDJPY & Gold. With our breakout setups, these do try to exploit breakouts at specific levels, and, if these breakouts are false and there is large enough retracement, the same setups do react on "false breakouts" and try to exploit the move on the other direction. Well, today EURUSD bounced in 150 pips range back-n-forth around breakout level, which was targeted by 3 different setups (small differences in between these breakout levels, but very similar range).
Our SLs got hit 15+ times, 3 of which on were on GOLD -> breakouts got kicked out, when trading on other direction our trades got kicked out, 3-4 times (breakout-false breakout-breakout-false breakout), all losses, absolutely amazing. Add stupidly high volatility and our setups were going crazy, trying to figure out on which side to ride this potential move -> market showed middle finger and after zig-zagging for 3 hours with huge distances just stayed in pre-ECB levels.
Unfortunately, this hasn't been first day of July when our breakout setups have let us down - the same happened 2 weeks ago, when on USDJPY & EURUSD the same setups failed multiple times on trying to catch either breakout or reversal of price move at certain level.
Some of our recent subscribers (greamfamily and Longsen) have suggested changing the setups of these breakout setups or removing them. Guys, let me assure You - these results are in line with historical backtests, there is nothing to worry about. In this month alone we have had more losses from these breakout strategies than the last 3 months combined -> if we can keep such month in overall Portfolio gains close to 0%, that's not the worst ending after all.;) Situations like this might happen once again, and even then - in long run, these setups should be profitable. Meanwhile, we are having other setups to cover for the apparent failure of breakout setups.
If You, our beloved subscribers, are looking for reasons of low profitability, most of You will point in the direction of breakout setups (as those make visible losses); from our perspective, the main reason this month has been so hard in terms of profitability, is the fact that most of other grid-type trading setups have been unable to quickly close their baskets and fix profits. These other setups, which normally should compensate for any shenanigans with breakout setups, are stuck in different baskets, and as those are not closed, not enough profits are being generated to absorb all of this. Hopefully, we get out of those baskets, reduce floating DD and help to end this month in overall level above 0%.
In big picture, breakout EAs do influence our profitability, but do not carry fundamental risks for the whole portfolio. To be more precise, recently FX SUMO team felt much more uneasy when our DD climbed from 2.5% to 6% due to open baskets on grid-setups, rather than today when we have had 3.5% fixed loss from breakout strategies. Our first and main task towards our subscribers is and will remain preservation of capital. If we can earn something in between, that's always nice, but this signal is expected to be still around after months and years - can't do that if we ignore historical statistics of underlying setups. In the future, we won't be afraid to have losses fixed for us, and that's what we expect from our subscribers as well - trust in medium-term picture and understanding that neither 1 trading day, nor week, nor month will define the future of this project.
Do we feel influenced by the criticism we received today? - nah, really, its all good. We did expect that something like this will happen, and, we guess, its natural that people will tend to react more actively to any type of failure than positive outcome - in none of the past 180 days, when our performance was far beyond even our own expectations, there was so much interaction with our community. Sure, the timing of this happening is horrible - when, finally, our signal started to gain some serious traction, we have to deal with these shenanigans. On the other hand, the previous months were unexpectedly positive for us, and we did warn both our current and potential subscribers that based on historical statistics, there will be month (or even several) when we might face problems. Well, the time has arrived, we are facing some adversity, and hear us out - we.are.here. We are not hiding, not running, not dodging questions or criticism -> we are here, keep it all coming, this is part of the process, and we will enjoy this as much as we did enjoy bringing in our first subscriber.
For those of You leaving those not-optimistic reviews - its all fine, just dont give up on us after week or 2, give us 2-3 months and then evaluate on how its going. The one thing we would hate to have - that people leave bad reviews, dont have enough patience to see us in our good months, and just lose their hope with us. The more time passes, the higher the chance that Your investment with us will bring overall profits - please, keep this in mind!:)
There is telegram group, in which You can ask any questions You might have or where You can continue with Your criticism towards our recent performance - https://t.me/FXSUMODiversifiedPortfolio - You are more than welcome to join!
Best of luck to all of us!
- FX SUMO team
Oh, guys, -3.5% day, let the grilling begin! (sun)
What a damn day - there was a moment we were angry, then it became funny, and then we were laughing in full voice. Like, one can't make this sh1t up, literally cant. But ok, lets go through this point by point.
So first and foremost - what did cause this? - in short, EURUSD and super volatile zig-zag movements after ECB decision to increase rates by 0.5%. As most of You know, we do have in our "arsenal" quite many breakout setups, mainly, across EURUSD/GBPUSD/USDJPY & Gold. With our breakout setups, these do try to exploit breakouts at specific levels, and, if these breakouts are false and there is large enough retracement, the same setups do react on "false breakouts" and try to exploit the move on the other direction. Well, today EURUSD bounced in 150 pips range back-n-forth around breakout level, which was targeted by 3 different setups (small differences in between these breakout levels, but very similar range).
Our SLs got hit 15+ times, 3 of which on were on GOLD -> breakouts got kicked out, when trading on other direction our trades got kicked out, 3-4 times (breakout-false breakout-breakout-false breakout), all losses, absolutely amazing. Add stupidly high volatility and our setups were going crazy, trying to figure out on which side to ride this potential move -> market showed middle finger and after zig-zagging for 3 hours with huge distances just stayed in pre-ECB levels.
Unfortunately, this hasn't been first day of July when our breakout setups have let us down - the same happened 2 weeks ago, when on USDJPY & EURUSD the same setups failed multiple times on trying to catch either breakout or reversal of price move at certain level.
Some of our recent subscribers (greamfamily and Longsen) have suggested changing the setups of these breakout setups or removing them. Guys, let me assure You - these results are in line with historical backtests, there is nothing to worry about. In this month alone we have had more losses from these breakout strategies than the last 3 months combined -> if we can keep such month in overall Portfolio gains close to 0%, that's not the worst ending after all.;) Situations like this might happen once again, and even then - in long run, these setups should be profitable. Meanwhile, we are having other setups to cover for the apparent failure of breakout setups.
If You, our beloved subscribers, are looking for reasons of low profitability, most of You will point in the direction of breakout setups (as those make visible losses); from our perspective, the main reason this month has been so hard in terms of profitability, is the fact that most of other grid-type trading setups have been unable to quickly close their baskets and fix profits. These other setups, which normally should compensate for any shenanigans with breakout setups, are stuck in different baskets, and as those are not closed, not enough profits are being generated to absorb all of this. Hopefully, we get out of those baskets, reduce floating DD and help to end this month in overall level above 0%.
In big picture, breakout EAs do influence our profitability, but do not carry fundamental risks for the whole portfolio. To be more precise, recently FX SUMO team felt much more uneasy when our DD climbed from 2.5% to 6% due to open baskets on grid-setups, rather than today when we have had 3.5% fixed loss from breakout strategies. Our first and main task towards our subscribers is and will remain preservation of capital. If we can earn something in between, that's always nice, but this signal is expected to be still around after months and years - can't do that if we ignore historical statistics of underlying setups. In the future, we won't be afraid to have losses fixed for us, and that's what we expect from our subscribers as well - trust in medium-term picture and understanding that neither 1 trading day, nor week, nor month will define the future of this project.
Do we feel influenced by the criticism we received today? - nah, really, its all good. We did expect that something like this will happen, and, we guess, its natural that people will tend to react more actively to any type of failure than positive outcome - in none of the past 180 days, when our performance was far beyond even our own expectations, there was so much interaction with our community. Sure, the timing of this happening is horrible - when, finally, our signal started to gain some serious traction, we have to deal with these shenanigans. On the other hand, the previous months were unexpectedly positive for us, and we did warn both our current and potential subscribers that based on historical statistics, there will be month (or even several) when we might face problems. Well, the time has arrived, we are facing some adversity, and hear us out - we.are.here. We are not hiding, not running, not dodging questions or criticism -> we are here, keep it all coming, this is part of the process, and we will enjoy this as much as we did enjoy bringing in our first subscriber.
For those of You leaving those not-optimistic reviews - its all fine, just dont give up on us after week or 2, give us 2-3 months and then evaluate on how its going. The one thing we would hate to have - that people leave bad reviews, dont have enough patience to see us in our good months, and just lose their hope with us. The more time passes, the higher the chance that Your investment with us will bring overall profits - please, keep this in mind!:)
There is telegram group, in which You can ask any questions You might have or where You can continue with Your criticism towards our recent performance - https://t.me/FXSUMODiversifiedPortfolio - You are more than welcome to join!
Best of luck to all of us!
- FX SUMO team
Sandis Smilts
Hey and welcome onboard!
Don't know whether the part of "stable profit and low DD" will always be true, but what we want to show to both our existent and potential subscribers - that we have done our homework and have analyzed as much of available information as possible.
Past cannot guarantee future results, however, we are constantly learning and adapting - both with used setups in the Portfolio and with the ways of how we are analyzing our own performance! :)
For those of You that haven't seen this self-evaluation PDF, it can be found on our telegram group: https://t.me/FXSUMODiversifiedPortfolio
The upcoming self-evaluation document will include some new information matrices, giving new perspectives on how to analyze our, as well as performance of others.
Best of luck to all of us,
Sandis
Don't know whether the part of "stable profit and low DD" will always be true, but what we want to show to both our existent and potential subscribers - that we have done our homework and have analyzed as much of available information as possible.
Past cannot guarantee future results, however, we are constantly learning and adapting - both with used setups in the Portfolio and with the ways of how we are analyzing our own performance! :)
For those of You that haven't seen this self-evaluation PDF, it can be found on our telegram group: https://t.me/FXSUMODiversifiedPortfolio
The upcoming self-evaluation document will include some new information matrices, giving new perspectives on how to analyze our, as well as performance of others.
Best of luck to all of us,
Sandis