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wilson0205

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Posts posted by wilson0205

  1. Re: OAN4X Manual Trading System

     

    @Lemon45

     

    It is a review posted on forex peace army on May 5th:

     

    I tried this system solidly for a month, and didn't see it working as described. I was a member of the premium service for a month, and during that time there was only 1 Primary Trade Signal (the 100% acuraccy 1) and it failed. Admittedly it was specified that it was "running under yellow" but it seems everytime one fails a new rule is brought in. Eventually there will be no signals left! As for the 100% success rate, well go figure.

     

    I will say however that the service from Tom was exceptional, and I had great fun in the chat room learning the system. Unfortunately, I just can't see how it can be profitable...

  2. Re: [req] Instant Fx Profits

     

    Agreed. I bought a rapidshare subscription just to download this. Turns out just a piece of crap. :x

    Many trading systems in this forum are much much better. Save your time.

     

    But at least you can learn how he markets his product and get rich. :mrgreen:

  3. Re: FX4Caster Currency Strength Meter - to be cracked

     

    This is the old version which was included in the old forexgrail package. They call it Tradetime Strength Meter. I find it very useful in short term trade (scalping).

     

    The new one a.k.a fx4caster is said to feature a new algorithm. I don't know if it's only marketing or for real, but until someone "fix" it, this is all we have:

     

    http://rapidshare.com/files/229413640/TTSM.exe.html

  4. Re: THUNDER4WD_v2

     

    Below is the email the rep sent me after the phone call:

    Hello,

     

    Thanks for the conversation today. Here are the details regarding your interest.

     

     

    ECN ACCOUNTS

     

    Minimum deposit: 2 000 USD

    Maximum deposit: Unlimited

    Maximum account equity: Unlimited

    Minimum trade size: 40 000 (0.4 standard-lot)

    Maximum trade size: 5 000 000 (50 standard-lots) per trade attempt. Unlimited open positions

     

    Leverage:

    Account equity up to 25 000 USD - 200X (200:1) or 0.5% margin required

    Account equity between 25 001 and 250 000 USD - 100X (100:1) or 1% margin required

    Account equity between 250,001 and 3 000 000 USD - 50X (50:1) or 2% margin required

    Account equity above 3 000 000 USD - set individually by Institutional Desk (normally between 2-5% margin required or Delta Margining with set settlement limits)

    Commissions: 10USD round-turn (rebates given to active high-volume traders)

     

     

    No restrictions at all on ECN accounts.

     

     

    THE NORDMARKETS LIQUIDITY POOL

     

    We have 8 contributing banks who stream prices via us and 10 additional banks who we do RFQ (Request For Quote) with. RFQ takes place on telephone and chat for deals with some minor and all exotic currencies that we DO NOT stream or single trade sizes above 5 000 000 units of base currency as well as ALL Global Payments deals. For Global Payments and telephone deals we now offer more than 200 pairs, basically covering all currencies traded on the free market.

     

     

    All our clients have segregated accounts at Nordea (http://www.nordea.se) the biggest bank in Scandinavia and which the Swedish government has a majority in stocks.

    We are regulated by the FSA: http://www.fi.se/Templates/InstitutStartPage____2406.aspx?la=sv&sok1=nord+global&mode=wide

     

    Any further questions please feel free to ask and I’ll help you.

     

    Bests,

     

    Daniel Velasquez

    Account executive - Foreign Exchange Desk

     

     

    Main: +46 (0)8 – 23 05 50

    Direct: +46 (0)8 – 58 83 72 04

    Fax: +46 (0)8 – 23 05 54

    Mail: [email protected]

    Web: http://www.nordmarkets.com

     

    Visiting address and courier service:

    NordMarkets, färögatan 33, 164 51 Kista, Stockholm, SE-Sweden

     

    Regular post:

    Nord Global AB, Box 55981, 102 16 Stockholm, SE-Sweden

     

    This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent those of Nordmarkets.com or Nord Global AB.

     

    This email and the information it contains may be confidential, proprietary or legally privileged. If you receive this message in error, please notify the sender and delete it from your system. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.

     

    Nordmarkets.com and Nord Global AB is registered with the Swedish Financial Services Authority - Finansinspektionen (556726-9138).

     

    If I'm not mistaken, the account under $2000 is not ECN, it is the regular deal desk platform. I don't know about Euro deposit. Maybe you can ask the guy directly.

  5. Re: OAN4X Manual Trading System

     

    I got this somewhere on the internet. It's an explanation of the OAN system:

     

    The Oan4x Manual System

    This system is very good and has a high hit rate. Maybe its not the Holy Grail, but definitely a beautiful, shining chalice

     

    The system has been developed by Oan4fx, an arabian trader.

    On Oct 28, 2008 he started a thread on Forex Factory named 'my own developed benkyalate system'.

    It is in the Recycle Bin now, because Oan launched a commercial website where he sells the latest version of his system for money.

    Oan got banned from the Factory because of this, but he can be found on his own forum.

    His site is the http://www.oan4x.com and you can download a free trial which will expire on 21st March (I believe.)

    The Factory forum contains about a dozen previous versions which are free, and also effective.

     

    The Factory thread is worth reading. It is amazing how many traders reported high hit rates.

    For example Paulus, a well-known poster and system developer on FFactory scalped on M1 and

    he was not able to blow his demo account - the hit rate was almost 100%!

     

    It is the system description, at least as I understood it.

    There is not a complete guide from Oan, I put it together from his videos and forum posts.

     

    Setup for the commercial system

    - The system is most effective on the H4 timeframe, but the forum members reported lots of success on smaller (H1, M30, M5, even M1) timeframes.

    - Works on almost everything including all of the currency pairs, commodities (oil, gold etc.) and indices like Dow.

    - COG (Center of Gravity) indicator

    - Timer indicator

     

    System rules

    Short entry

    - The price touches either of the two upper thick solid blue lines.

    - The Timer indicator is overbought 2 or 3 levels.

     

    Long entry

    - The price touches either of the lower thick solid green lines.

    - The Timer indicator is oversold 2 or 3 levels.

     

    Optional entry rules

    - For more safety enter only to the direction of the main trend. (It is basically the direction of the center grey line.)

    - You can check the higher and the lower timeframes (e.g. H1 and D1 if you trade in H4) and enter only if all agree.

    - The price can bounce back from one of the dashed lines, so if the timer is oversold/overbought and price hesitates near a dashed line, consider the entry.

     

    Exit

    - Stop loss is 300 pips.

    - Take profit is usually the middle grey solid line.

     

    Optional exit rules

    - Consider closing the position if the direction of the main trend changes against you.

    - Take profit can be the opposite solid line instead of the grey.

     

    Money management

    - Open the first trade with 1 unit (1 lot, 0.1 lots etc.) with the current price. SL and TP as above.

    - Open a pending buy limit order (if long) or sell limit order (if short) with 100 pips away,

    so it will fire when the price goes against you with 100 pips. Its size is 2 units (2 lots, 0.2 lots etc.) SL and TP is the same as the original trade.

    - Open a second pending order with 200 pips away from the original price, so it will fire when the price goes against you with 200 pips.

    Its size is 4 units (4 lots, 0.4 lots etc.) Again, SL and TP is the same as the original trade.

     

    Oan calls this as 'infinity money management'. It is basically a limited (2 levels deep) Martingale.

    It could be successful, as the probability of the price turning to your direction increases as the price moves against you.

     

    This is what I understand from the system. I have been demo trading for a few days and it really looks like good.

    The free systems can be downloaded from FFactory (or I will upload them if you want), and the commercial trial from Oan's site.

    I attach a screenshot what I have created to illustrate the rules.

     

    Try this system, and share your experience

    http://img25.imageshack.us/img25/7815/rulesaon.jpg

  6. Re: OAN4X Manual Trading System

     

    Can anyone share about the Infiniti Money Management by Oan?

     

    'INFINITY PLAN A

    You use 1:0.25 position then in 100 pip 1:0.5 position then in 100 pip 1:1 position to stop loss at 300 pips or as given in signal .

    so if your capitail is 500 $ you enter your first position with 125 unit ,second position 250 unit then 500 unit in last position (units are used in oanda our number one granted and adviced broker

     

    INFINITY PLAN B

    USE 1:0.5 position then 1:1 position in 100 pips distance then 1:2 position size in another 100 pips move to stop loss at 300 pips or as sayed in signal .

    (for 500 dollar capitail use 250 unit in first position then 500 unit in second position then 1000 unit in last position )

     

    INFINITY PLAN C

    USE 1:1 position then in 100 pips gap 1:2 position then in 100 pip gap 1:4 position to stop loss in 300 pips or as stated .

    so in 500$ capitail use 500 unit in first position then 1000 unit in second position then 2000 units in last position .'

     

    Could you elaborate more on when (or in what situation) to use each of these plans?

     

    Another question: When deciding to open trade in 1H time frame, should we only open trade when both 1H's and 4H's gravity going the same direction? Or should we just pay attention to the 1H chart (no matter where the 4H gravity is going)?

     

    Thanks! :)

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