This coin flip errrrm I mean strategy smells like Martingale without even looking at it. Hope you stop short of scamming noobs off their paypal $10 savings.

PlatinumFx Consulting

This guy is an empty shell and for your own sake you should ignore him. His "strategies " are nothing more than outbursts of Chinese pathological reckless gambling at best. If you scroll through his posts, he spent 5 years in FF only to end up ...

Trapping System: Grid

Thanks for pointing this out. FCA records are public and one can check whether a company is licensed or regulated. Licenses are offered for the companies to provide services. These licenses allow the companies to HOLD client money but not to control ...

Cyprus-regulated brokers - regulation

Good points. However... The people who got their money back from the Alpari explosion, did so mostly thanks to the FCA in the UK. Do the CySec have this compensation scheme? Not sure. So my thought is - fines to the broker or jail time for the ...

Cyprus-regulated brokers - regulation

Regulation is useless as it does not prevent fraud and criminal activity. It punishes such behavior. It's like police showing up after you're with your pants down and robbed of your wallet and iPhone, asking about hair and eye color of your ...

Cyprus-regulated brokers - regulation

Your emotions are and will be your biggest enemy,along with the tendency to "see things which are not there" (i.e. weak setups). If you identified that you are vulnerable to be influenced by random names on a forum, learn to ignore users and filter ...

(binned per thread starter's request) TMS for Newbies

Keep charts clean and ordered. Make sure there is logic in what you're watching. Trading the Frankfurt/London open, I am always doing the EUR and GBP. Depending on higher TF price action, I might have different pairs on the screen, but the base ...

(binned per thread starter's request) TMS for Newbies

Use low lot size + % risk as account size. Don't trade in unusual conditions, before or after fundamental drivers (rates, BOJ/ECB/FED releases), use common sense and control your greed. Key here is understanding the logic on which the EA operates, ...

Trapping System: Grid

Some more gems from their T&C: "7.2. The Company reserves a right to modify Client’s leverage settings at any time." This translates into: You are at 1:500 and close to MC on any given open position. They change the leverage on you to 1:200, and you ...

OctaFX official representative

Aussie, Great idea for setting up this thread with the purpose of KISS. I'm still using your templates from last year on my occasional TMS trades and there's nothing better. For continuity's sake, you should also ban everyone who tries to "improve" ...

(binned per thread starter's request) TMS for Newbies

Their website marketing of being "STP" is not legally binding. They can write that they are waiting for the second coming on the site, and get away with it. The T&C document is what it's legally binding. There's no mention of STP or any ...

OctaFX official representative

You guys have to understand that the grid concept is decades old and it's NOT a new concept. It DOES NOT need an EA to function. It's based on the simple idea of fading irrational market exuberance, in various conditions, deemed by previous ...

Trapping System: Grid

Some reviews of OctaFX "Broker" . Courtesy of FPA. They invoke "SLIPPAGE due to low liquidity" for robbing their clients. What liquidity problems when you offer own price feed from bogus Market Maker terminals? jose torc, cordoba, ...

OctaFX official representative

That is why those who make money keep making money, and the clowns who lose money will forever lose, even with the right tools in their hands. Understanding and applying basic money and risk management concepts is light years away from the topics ...

Trapping System: Grid

Keep your risk appetite under control and you will see the difference. Draghi busted high risk accounts but brought double digit returns in low risk environment. image image

Trapping System: Grid

This is truly amazing. Well LP's are not a matter of secrecy as most ecn-style brokers will list their lps on the website. OctaFX MARKETS ECN as a service to clients. In other words, client will use their ECN interface to access pools of liquidity. ...

OctaFX official representative

I haven't traded with them nor do I intend to. And you should not trade with anyone who is in direct conflict of interest with you. And 100% of the online MT4 non-ECN brokers are in direct conflict with you and would rather have you losing your ...

OctaFX official representative

Oh my God. You can't find entertainment like this even if you pay for. Thanks for making my days! There's two possibilities here, and they both end with you being full of sh!t. You have to understand once and for all that your "institution" ...

OctaFX official representative

These empty words don't mean anything and you know it. You have no hard facts either. The hard facts are that your business model, set up in a exotic location with rudimentary financial laws and non-existent prosecuting system, is geared towards ...

OctaFX official representative

This is a happy case which ended with a black eye and a newspaper article for this fat dumb midget turned bedroom venture capitalist. Eventually some of these scammers - like OctaFX, among others, will mess with the wrong person/institution and will ...

OctaFX official representative