Accounts on myfxbook.com

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Oct 3, 2010, 10:50:00 AM10/3/10
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Oct 4, 2010, 1:49:15 AM10/4/10
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This system by RWFX is a scam
http://www.myfxbook.com/community/trading-systems/p-m-m-managed-accounts/52701,3#?pt=2&p=2&o=52701

Stephanus posted:
"...What I like about the chart thus far is 15 trading sessions with
not one of them seemingly in negative territory. If you can keep this
up it would indicate engineered trades as opposed to gambling. But we
don't know the history of the trades which is acceptable if you don't
want your method reverse engineered. There are large trading gaps
which probably means you kept losing positions having large equity
draw-downs for days on end. This would be a negative sign because the
longer a trade takes to become a winning trade , the more the "random
luck" factor increases.

We need a fair trade-off between preventing the reverse engineering of
a method and demonstrating engineered trades. Between 31 Aug and 10
Sept we have a large trading gap, which most likely indicates losing
trades, or winning trades that you allowed to rally with the trend.
Thus that trading gap must display the equity, we could compress those
ten days into a single day with a different color such as blue for
positive equity or red for negative equity.

You also need to show the balance and actual profit made if you want
to have PAMM investors. I would say an account should be at least
$2000 to reflect the psychological effect of making gains as well as
losses that are material. Making one penny on an Oanda sub-account of
$100 is good for testing a method but meaningless in the real-world
where you would have to deal with real people who's $5000, $2000 or
$10000 you would be trading.

Best of luck, I will be following your account with interest and think
of ways to provide us with more insight into the risk your trades
incur without having to reveal your method or history of actual
trades . Revealing your broker is a must. ..."

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Solar posted:
posts SOLAR (forexma) 12 hours ago
I knew I know this guy. Same style, same approach, everything hidden.
It's the new identity of http://www.myfxbook.com/members/rwfxm or
http://www.myfxbook.com/members/robw135 also known with his site:
http://rwfxm.com/index.html
He was well known for trading w/o SL and after months of success he
managed to blow all accounts... and of course delete every clue after
that. But here we go:
1. http://www.myfxbook.com/community/trading-systems/rwfxm-test-1/14313,1#?pt=2&p=1&o=14313
2. http://www.myfxbook.com/community/trading-systems/rwfxm-test-2/25791,1
3. http://www.myfxbook.com/community/trading-systems/managed-kf/27891,1#?pt=2&p=1&o=27891
4. http://www.myfxbook.com/community/trading-systems/rwfxm-kingdom/33058,1#?pt=2&p=1&o=33058
5. http://www.myfxbook.com/community/trading-systems/oanda/46427,1

I KNEW HE'LL REAPPEAR AGAIN, IT WAS A MATTER OF TIME.

Do you think it's a coincidence that one of his blown accounts was
named RWFXM and his new identity is RWFX??? Do you know what stands
behind the RW abbreviation? I'll tell you - it's Robert
Waltos. ........"

--------------
Hats off to you Solar, I think you are correct. He posted:

"...Go learn how to trade... or humble yourself and maybe... just
maybe someone will feel sorry for you and teach you how to trade. Now
off you go. Go and do something productive with your time... like
learning how to trade. Geez... what a clown !..."
and

http://www.myfxbook.com/community/trading-systems/rwfxm-kingdom/33058,1"...1.
To say it nicely, I simply don't really care if someone believes me or
not, not my problem and I'm definitely not going to advertise my and
my investors' balances out here. ...."

Note that it is the same aggressive and derisive tone, he also isn't
identifying himself by his real name in this thread. If you want to
run a PAMM give us your country and real name at the least. I have
posted about the problem of multiple aliases and accounts under
hundreds of different names at my google group thread
http://groups.google.com/group/futures-trading . Please read this
before investing with people hiding behind hundreds of fronting
companies, off-shore scams and what have you.
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