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Messages - Jimmy

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1
Trade Journals / Re: Smart Forex Expert Signal / MAM
« on: July 04, 2020, 01:34:45 AM »
SFE Portfolio Weekly Result - 29th June 2020 to 3rd July 2020

Total Portfolio Return
= Total Balance - (Total Deposit - Total Withdrawal)
= $138047.52 - ($154922.22 - $30069.04)
= +$13194.34



Hi Guys,

This week is still a bit quiet, but we have managed to end the week with a small gain. We are basically just waiting for the next big breakout in the market, in order to make the next big gain. ::)

Also, as I have mentioned in the previous post, I will now just be running 2 accounts - one for Trade Copy Signal (100% Risk) and one for MAM (30% Risk). The maximum expected DD for the Signal (running at 100% Risk) is in the order of 50-60% - so when you copy the Signal, please make sure you adjust the risk multiplier according to your own risk tolerance.

The MAM account is not yet open to the public, but you can subscribe to my Trade Copy Signal in the following ways:

  • Use the SFE Trade Receiver which you can download and install on your VPS (https://smartforexexpert.com/index.php?topic=568.msg1277#msg1277), and then just contact me to connect your account. With this method you will be sent a Paypal invoice by me every 2 weeks to request payment for the 30% Performance Fee
  • Connect via Social Trader Tools: https://my.socialtradertools.com/view/940a5de917afa61b24e9b4e407ba998d - with this method everything will be automated and I don't need to be involved. You won't even need a VPS to copy the trades via their website! The only catch is there will be a small charge of $20 per month by the website to copy the trades for you on their platform.

Please also don't forget that for Pepperstone Razor account clients, I now offer $1 rebate per lot in commission for those who copy my signal! ;D

If interested, you can now open a Pepperstone Razor account via my IB referral link: http://trk.pepperstonepartners.com/aff_c?offer_id=345&aff_id=26447. I will give back the rebate to you via PayPal each time the 30% performance fee is paid by you. :)

2
Hi Guys,

There is now another way to follow my SFE Stock Market + SFE Evolution FX signal:
https://my.socialtradertools.com/view/940a5de917afa61b24e9b4e407ba998d

You will be charged 30% performance fee over watermark high and it will be calculated automatically by their platform. Everything is done on the platform and you won't even need to run a VPS! This will be a good option for people who don't want the hassle of setting up the Receiver EA themselves. ;)

I have confirmed that this copier will also work for MT5. Therefore if you open an IC Markets MT5 account and activate Stock CFDs, you will get all the trades on my signal account. :D


3
Trade Journals / Re: Jimmy's Accounts - SFE Trading Signal + MAM
« on: July 01, 2020, 06:38:21 AM »
Hi Guys,

Welcome to the first day of July! Today also marks a new financial year in Australia and I have some updates about a few significant changes to my Forex portfolio:

1. I have decided to retire all my personal accounts on Myfxbook (https://www.myfxbook.com/en/members/jimmy8378 - see screenshot below). I have made a little over $330K from my personal trading since 2016, and it is time for me to start a new venture. :)



2. I have decided to establish SFE Trading as a business - from now on I will be trading the 100% Risk account at IC Markets and a new MAM account I just opened at Pepperstone under my company, SFE Trading Pty Ltd (https://www.myfxbook.com/members/SFETrading - see screenshot below). I have also just closed my 50% Risk and 30% Risk accounts and moved the funds into the new Pepperstone MAM account. This Peppertsone MAM account will be copying trades from the 100% Risk IC Markets account with a 0.3x risk multiplier (ie. at 30% risk). My future trading plan is that once the IC Markets account reaches over $100K in balance, I will move any extra profits into the MAM account for reduced risk and long term growth.

Please also note that the Pepperstone MAM account is not yet accepting new clients - we will need a few more months of track record before we can apply for an AFSL (Australian Finance Services Licence) to become licensed, before we can offer it to the public. However, due to the strict regulations in Australia, even after we become licensed, we will only be able to accept Wholesale clients - which means you will need to have either over A$2.5 million in assets or an annual income over A$250,000 per year to be able to join this MAM.



3. If you prefer not to wait to join the MAM, or if you won't meet the Wholesale client criteria, you can choose to copy my trades with the SFE Trade Receiver and pay a fortnightly 30% performance fee instead (with this setup we are just offering a trade copy service for an agreed fee, and you will still have full control of your own trading account). Please also remember that I now offer $1 rebate per lot for Pepperstone Razor account clients who copy my signal - which I believe is the best offer you can find anywhere!

If you have any questions, always feel free to PM me on the SFE Community Telegram. :)

That's it guys. Thanks for all your support and let's see the SFE community continue to grow! :D

4
Hi Guys,

I have now become an IB with Pepperstone, and I am happy to offer $1 per lot in rebate for people who open their accounts under my IB and copy my signal for 30% performance fee (charged fortnightly).

This means the cost for trading Pepperstone Razor (raw spread) account becomes $6 per lot after rebate. This is the lowest commission rate you will find for Pepperstone anywhere.

To be eligible, you will need to open an account under my IB and copy my signal. Please use the account to copy my signal only - otherwise your own profit will be charged the 30% performance fee as well. You will also need to give me your investor password so that I can track your profit/loss on the account.

When each fortnight period ends, I will send a Paypal invoice to request payment from you, and the 30% performance fee will be reduced by the amount of rebate you have generated for the 2-week period. If there is no performance fee for that period, then the rebate will be held until you have generated enough performance fee for your rebate to offset it.

You can use this link to sign up under my IB and open an MT5 Razor account at Pepperstone: http://trk.pepperstonepartners.com/aff_c?offer_id=345&aff_id=26447

Pepperstone has 31 out of the 56 stocks offered at IC Markets, so you will still get the majority of the Stock trades. The Stock symbols are different between Pepperstone and IC Markets, so you will need to use symbol mapping in order to copy the Stock trades:

After you have installed the MT5 Receiver EA (you can download the MT5 (.ex5) Receiver EA here: https://smartforexexpert.com/index.php?topic=568.msg1277#msg1277), please download the "Special-Symbols.txt" attached with this post and place it under "\MQL5\files\AutoFxPro.com\" in the Pepperstone MT5 Data Folder -  and the Stock trades should now copy.

I have also been testing out Pepperstone in the past month copying my signal from IC Markets at 30% risk, and the performance is very similar: http://www.myfxbook.com/members/SFETrading/sfe-stock-market--evolution/6411131

Once you have opened an MT5 Razor account at Pepperstone under my IB and set up the Receiver EA, please PM me on Telegram so I can get your Receiver EA connected. :)

5
Trade Journals / Re: Jimmy's Accounts - SFE $100K Portfolio
« on: June 27, 2020, 05:36:54 AM »
SFE $100K Portfolio Weekly Result - 22nd June 2020 to 26th June 2020

Weekly Change: $113838.90 - $118225.45 = -$4386.55 (-3.71%)
Total Portfolio Return: +$13838.90 / +13.84% (with -0.12% floating loss)

We suffered some losses early in the week due to a whipsaw caused by a comment made by a US official that the US deal with China was over, only for that to be denied later...

Other than that it was a pretty boring week. :-\

Next week we don't have many news apart from the NFP on Friday. However with daily coronavirus cases in the US hitting all-time high, and with the month of June and the financial year in Australia drawing to a close, I believe there is a good chance that we will see more volatility (and thus profits for our price action based EAs) in the market next week.

Also, you can now copy my account for a 30% monthly performance fee at any broker. Please check out the details here if you are interested: https://smartforexexpert.com/index.php?topic=568.msg1282#msg1282

Have a good weekend! :D


6
Hi Guys,

I am looking for some subscribers to test out providing my signal for a fortnightly performance fee (ie. it will be charged every 2 weeks). People who sign up under this plan will be invoiced every two weeks on Saturday after the market has closed for the week - if we have made profit for that fortnight, over the previous watermark high.

Requirements:
  • You can copy my signal onto a MT4 or MT5 account at any broker. You will also be able to copy stock trades if your broker has stock CFDs available on their MT4/MT5.
  • The account will need to be dedicated to my signal only (but it is ok if you have traded it before you signed up)
  • No minimum deposit - but a balance of $5000-$10000 or above is still recommended so that you can get all the trades including their partial closes, as well as making sure there is enough margin for trading.
  • You will need to give me your email address and the investor login to your MT4/5 account, so that I can confirm the profit/loss on your account at the end of each fortnight and email you an invoice for you to pay the performance fee via PayPal.
  • If the invoice is not paid within 3 days after it is issued, your copier account will be disconnected.

You can download and install the SFE Trade Receiver EA for free here: https://smartforexexpert.com/index.php?topic=568.msg1277#msg1277

If you are interested, please contact me via PM on Telegram :)

7
Trade Journals / Re: Jimmy's Accounts - SFE $100K Portfolio
« on: June 20, 2020, 04:16:13 AM »
SFE $100K Portfolio Weekly Result - 15th June 2020 to 19th June 2020

Weekly Change: $118225.45 - $116842.80 = +$1382.65 (+1.18%)
Total Portfolio Return: +$18225.45 / +18.23% (with +1.74% floating profit)

The market has been a bit quiet again this week. We ended this week with a small gain and most of the profits came from SFE Night Scalper and SFE Stealth.

There won't be many high impact news next week, so it may take a little more time before the price action based EAs make their next big gain...but I am sure the day will come eventually. 8)

By the way, it is now possible to copy my trades without paying a monthly subscription fee. Please check out the details here if you are interested: https://smartforexexpert.com/index.php?topic=568.msg1280#msg1280 ;)


8
Hi guys,

We have just made a special deal with an ASIC regulated broker for our trade copying service. If you open an account with this broker, you will be able copy my signal by paying 30% performance fee without having to pay a monthly subscription fee - so there is no cost for the signal unless you make profit with it. This broker does not have Stock CFDs so you will essentially just be copying the SFE Evolution FX trades.

The conditions:
1. Minimum deposit: USD$5000. Base currency: USD only.

2. The account will be an ECN raw spread account with $6 commission per round turn lot - this is not offered publicly at this broker, and it can only be set up by special request at the time when you sign up.

3. Once the new account is opened, you will need to make a special request to the broker's support team, which allows them to charge 30% performance fee on your new account. You will still have full access to the account but we don't recommend that you trade it - otherwise you will be charged 30% performance fee on your own profits too! :o

4. Once you have deposited the funds, you can start copying my trades with the SFE Trade Receiver EA (please see the post above to download the Receiver EA and the manual).

5. You will be charged 30% performance fee each month (watermark high), but there will be no cost to you if your account does not make a gain.

6. This broker also offers free VPS if you deposit at least $5000 USD and keep your account balance above $5000 USD, which is an extra bonus. ;)

If you are interested, please send me a PM on Telegram and I will guide you through the account opening process. :)

SFE Community Telegram: https://t.me/sfecommunity


Comparison between IC Markets and the New Broker:
This broker's ECN raw spread is very comparable to IC Markets, and sometimes even slightly better! I have attached the image below for comparison. There was also an extra profitable USDCHF trade made on the new broker which the IC Markets account didn't get! ;D

I am running SFE Evolution FX on default risk at this new broker, so the % gain and % loss are less than my IC Markets account (which is running at 100% risk for all strategies).

When you set up the Receiver EA, you can choose whether you would like to copy trades from my IC Markets account, or from my account at this new broker. :)


9
Hi guys, please update to the new SFE Trade Receiver EA for MT4 and MT5. I have attached the new versions at the bottom of this post with the manual.

Also, once you have installed the new version, please make sure the settings are correct. It is a good idea to click the settings icon (third icon from top right corner), then choose "reset settings to default". The settings should look the same as the image below, except for the Scale Factor that your prefer to use:


10
Trade Journals / Re: Jimmy's Accounts - SFE $100K Portfolio
« on: June 13, 2020, 04:57:52 AM »
SFE $100K Portfolio Weekly Result - 8th June 2020 to 12th June 2020

Weekly Change: $116842.80 - $118864.77 = -$2021.97 (-1.7%)
Total Portfolio Return: +$16842.80 / +16.84% (with -2.28% floating loss)

After 2 consecutive weeks of gains, we had a slightly losing week this week.

We had some price movements from FOMC but it was not enough to produce a clean breakout for us to make profit, and the Stock EA also lost some profit back this week after the optimism in the market turned sour in the last few days.

The good news is Joel has improved the Stock Market EA even more and we should expect plenty more profit to come from the Stock Market EA in the future. The SFE Evolution FX EA was also updated this week with new improved version of SFE Price Action and SFE Trend which will improve profitability and reduced risk.

It has been a bit difficult to make profit from high impact news lately (both ECB and FOMC did not produce favourable price actions), so we will just have to wait patiently until the market gives us the next big breakout - whenever and however it may happen. ::)


11
Trade Journals / Re: Jimmy's Accounts - SFE $100K Portfolio
« on: June 06, 2020, 06:36:52 AM »
SFE $100K Portfolio Weekly Result - 1st June 2020 to 5th June 2020

Weekly Change: $118864.77 - $113272.91 = +$5591.86
Total Portfolio Return: +$18864.77 / +18.86% (with +1.07% floating profit)

We had a very good start to the week where we made nearly $15K in the first 3 days, then we had a nasty whipsaw on Thursday's ECB which gave us heavy loss and lost back all the profit. Then on Friday we had 2 decent TPs from the stock trades that gave us a little more than $5.3K in profit.

So overall, the Forex EAs were about break-even for this week, whereas the Stock Market EA has yet again given my account another boost of over $5K in profit. The market seems to have more movements now after ECB and NFP, and it should just be a matter of time until the price action based Forex EAs (SFE KISS, SFE Price Action and SFE Attractor) score their next big win. Let's see if they can do it with the FOMC decision next week! 8)


12
VPS / Re: AWS vs. Google VPS vs. BeeksFX
« on: June 03, 2020, 02:58:22 PM »
He is asking if he changes the configuration of his VPS, whether he would lose an activation on the EAs he purchased on MQL5...it has happened to me before - I lost an activation when my VPS was upgraded on Commercial Network Service to their new Beeks server. :'(

13
Hi Guys,

Due to the lack of public interest in my signal, I have decided to close it to new subscriptions when the Market opens again on Monday. It just seems a bit silly for me to offer this signal for $100-120 per month when I have already made over $13000 trading with it. At the same time, I still want to offer people an opportunity to experience the amazing power of Joel's EAs. So if there is still anyone out there interested in my signal, please sign up before this weekend ends, after which it will be closed to new subscriptions until further notice. :)

14
Trade Journals / Re: Jimmy's Accounts - SFE $100K Portfolio
« on: May 30, 2020, 04:11:05 AM »
SFE $100K Portfolio Weekly Result - 25th May 2020 to 29th May 2020

Weekly Change: $113272.91 - $106154.01 = +$7118.90
Total Portfolio Return: +$13272.91 / +13.27% (with +6.53% floating profit)

What a week for the Stock Market EA again! The Stock Market EA made around $7.5K this week while the Forex EAs ended with a small loss overall. We also still have a basket of Stock trades that are in good profit and may hit their TPs next week. ;)

We had a basket of EURUSD buy trades on Wednesday which unfortunately experienced a nasty whip-saw action that took out our trades before the EU pair eventually went higher, otherwise we would have made very good profits with the Forex EAs this week as well. Sometimes these things happen and you can only be patient and wait for the next opportunity to come. :)

Therefore, this week's growth was really all due to the gains from the Stock Market EA, without the Forex EAs making significant gains. This is actually very promising, because the Forex EAs have already been in a stagnation/drawdown period for over 2 months now. Knowing how the cycles work, I believe the Forex EAs will pick up again soon to compound the growth of my accounts. It surely will be a spectacular sight when that happens! ;D

Also, due to the lack of public interest in my signal, I have decided to close it to new subscriptions when the Market opens again on Monday. It just seems a bit silly for me to offer this signal for $100-120 per month when I have already made over $13000 trading with it. At the same time, I still want to offer people an opportunity to experience the amazing power of Joel's EAs. So if there is still anyone out there interested in my signal, please sign up before this weekend ends, after which it will be closed to new subscriptions until further notice.

Have a nice weekend guys! :D


15
Hi Guys,

As 2009 had the lowest gain and 2016 had the largest DD in the backtest running SFE Evolution FX at 100% Risk, I decided to do a few more backtests checking what would happen if I used SFE Evolution FX at 50% risk and 25% risk for those 2 years.



To my surprise, the DD would actually be less in 2016 than in 2009 if you run the EA either at 50% or 25% Risk. And running at 50% risk you would still make 160% gain in 2009 and up to 6750% gain in 2016, with the DD being just around 20%. If you run SFE Evolution FX at 25% Risk then the gain and DD would be both be much less (DD was only about 10% but growth was also only 1/10 that of 2016).

So it appears to me that 50% Risk probably gives the best balance for risk and reward, which will probably be the risk I would recommend people to use going forward (ie. change the risk multiplier to 0.5x risk).

However, I do believe the next big gain should be imminent (SFE PA official account has be in DD for about 2 months now), so I will keep most of my funds in the $70K account until that next big gain happens. Once we have caught the next big gain then I will move some of the profits into the 50% risk account in order to preserve capital during the next DD/stagnation period.

People can obviously use 25% risk as well if they want to keep the DD low, but it may not be worth the time and effort unless you have a very large account to be trading with.

You can see the new backtest results attached to this post. :)

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