Been trading Forex using Expert Advisor... 5% monthly

FrankieCarbone · Sep 21, 2008

The software does not fully hedge. It places partial hedges. The idea is to allow us to stay in the market. To tread water so to speak until such time as the market finally does move.

All I know is I'm averaging 5% monthly returns...and there is nothing else I've seen that comes close to these results with the low amount of risk. Plus I don't have to sit in front of charts all day an analyze anything, the EA does everything for me.

gbogo said:
frankie just the language the guy uses shows he knows very little about trading.

a "hedge" is non existant because a "hedge" means you are square = no opportunity to make a profit.

the word "hedge" applies to importers/exporters who sell a physical commodity in another currency and need to run a book to hedge against these flows.

so sure he might have more words etc but it makes little difference because just from reading what you posted its just a scam.

you would be better to take a 1/4/8 hourly and daily chart

put a 72 ma 200 ma on the chart and trade those in trending markets with a 20 point stop.

also your using interbank fx those guys are one of the worst rated brokers in the market- another mistake.

whalewager · Sep 21, 2008

If it was legit everyone would be doing it.

FrankieCarbone · Sep 21, 2008

LOL....same thing everyone says...but that's fine. I'll just continue to post updates of how the software is trading.

georgejefferson said:
If it was legit everyone would be doing it.

whalewager · Sep 21, 2008

I hear ya...I probably shouldnt have said that. There are ways to make money out there that people are skeptical about just becaus ethey dont have the money to get into it initially. Good luck on your trading.

gbogo · Sep 21, 2008

"The software does not fully hedge. It places partial hedges"

lol ... thats a loss for you

ok I can see any amount of explanation isnt going to make a difference

best of luck