URAI blew up accounts on Relax and Relax1, but Crazy by aliza with the same trading pattern is still in the game. Be careful!

Colibri
06 Mar 2021, 18:30

RE:

adriankosyra said:

I noticed a huge correlation in the Relax and Crazy trading systems. Urai blew up the accounts when the EURUSD rate fell by just 1%, which is completely crazy with such a leverage. The Crazy strategy from "aliza" uses the same trading method, only it has a little less leverage, so that's why it survived the downward trend on the EURUSD rate. But be careful with his system!

Trading with leverage over 20 or 30 is either a joke or a scam.
Even at this level, it is an extremely dangerous game. And since the copied "trader" has an amount
derisory on his account, he does not master the psychological dimension of trading which is essential.
If his own money is not at risk with each transaction, be sure your mentor will do anything.
the ruin of those who copy is only a matter of days. Choose regular traders who have ROIs
 reasonable and who invest their own money in their account. This is the only chance to succeed in this path.

 Leloup

quantumtrading
07 Mar 2021, 14:22

RE: RE:

Leloup said:

adriankosyra said:

I noticed a huge correlation in the Relax and Crazy trading systems. Urai blew up the accounts when the EURUSD rate fell by just 1%, which is completely crazy with such a leverage. The Crazy strategy from "aliza" uses the same trading method, only it has a little less leverage, so that's why it survived the downward trend on the EURUSD rate. But be careful with his system!

Trading with leverage over 20 or 30 is either a joke or a scam.
Even at this level, it is an extremely dangerous game. And since the copied "trader" has an amount
derisory on his account, he does not master the psychological dimension of trading which is essential.
If his own money is not at risk with each transaction, be sure your mentor will do anything.
the ruin of those who copy is only a matter of days. Choose regular traders who have ROIs
 reasonable and who invest their own money in their account. This is the only chance to succeed in this path.

 Leloup

Absolutely do not agree on consideration about leverage, if you use proper sizing the leverage can still be much higher than 30.

The problem is when you open 27 positions using a martingale system, if you have leverage 30 you can still blow up accounts.

Colibri
07 Mar 2021, 19:51

RE: RE: RE:

quantumtrading said:

Leloup said:

adriankosyra said:

I noticed a huge correlation in the Relax and Crazy trading systems. Urai blew up the accounts when the EURUSD rate fell by just 1%, which is completely crazy with such a leverage. The Crazy strategy from "aliza" uses the same trading method, only it has a little less leverage, so that's why it survived the downward trend on the EURUSD rate. But be careful with his system!

Trading with leverage over 20 or 30 is either a joke or a scam.
Even at this level, it is an extremely dangerous game. And since the copied "trader" has an amount
derisory on his account, he does not master the psychological dimension of trading which is essential.
If his own money is not at risk with each transaction, be sure your mentor will do anything.
the ruin of those who copy is only a matter of days. Choose regular traders who have ROIs
 reasonable and who invest their own money in their account. This is the only chance to succeed in this path.

 Leloup

Absolutely do not agree on consideration about leverage, if you use proper sizing the leverage can still be much higher than 30.

The problem is when you open 27 positions using a martingale system, if you have leverage 30 you can still blow up accounts.

------------

I agree about martingale in the strict sense: doubling on each losing position. But martingale is not pyramidage. It would be a shame not to increase the exposure of a winning position with a trailing stop for each position.

bnlf
08 Mar 2021, 00:15 ( Updated at: 08 Mar 2021, 00:17 )

RE: RE:

Leloup said:

adriankosyra said:

I noticed a huge correlation in the Relax and Crazy trading systems. Urai blew up the accounts when the EURUSD rate fell by just 1%, which is completely crazy with such a leverage. The Crazy strategy from "aliza" uses the same trading method, only it has a little less leverage, so that's why it survived the downward trend on the EURUSD rate. But be careful with his system!

Trading with leverage over 20 or 30 is either a joke or a scam.
Even at this level, it is an extremely dangerous game. And since the copied "trader" has an amount
derisory on his account, he does not master the psychological dimension of trading which is essential.
If his own money is not at risk with each transaction, be sure your mentor will do anything.
the ruin of those who copy is only a matter of days. Choose regular traders who have ROIs
 reasonable and who invest their own money in their account. This is the only chance to succeed in this path.

 Leloup

the major problem with Ctrader is the ridiculously expensive commission for anything above 1lot size. That's the reason you're not going to see experienced traders on it. Anyone trading big volumes will never be on this platform if they don't fix the commission just like Metatrader does.  

PanagiotisCharalampous
08 Mar 2021, 09:20

Hi bnlf,

Commissions are set by brokers, not by cTrader.

Best Regards,

Panagiotis 

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vtx101
09 Mar 2021, 20:53 ( Updated at: 21 Dec 2023, 09:22 )

can ya'll also investigate "complex" strategy provider. I think crazy and complex had similar trading strategies both basically blew their accounts by trading on red bar news...hmmm. Why would experience traders place trade on such a serious news events ?