I have just emailed them both as well. Did you notice that the claimed results for Vision are quite a bit better than Panther!?
BTW, thanks for answering the question.
fx 53 trend following system
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I have just emailed them both as well. Did you notice that the claimed results for Vision are quite a bit better than Panther!?
BTW, thanks for answering the question.
CliveJames
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Asif,
This is exactly the same website as the vison 4x one, not just similar. Only difference is that the panther one doesnt work if you try and sign up and a lot of the other links just dont go anywhere.
systemcoder
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I have purchased the fx53 system. it has worked great last week and this week due to the trending market. i have modified it so that it sends me a message when there is a trade and it also automatically takes the trade.
Hi systemcoder!
Good to hear you have taken the plunge! I may follow you soon.
When you say 53FX automatically takes the trade, what exactly do you mean? That it puts the actual live trade in the market for you? If so how does it do that? Are you spreadbetting or trading Forex direct?
Sandy
Thanks, Sandy. I 've also just gone thru the entire thread of "Conceptfx". You are right that except the price, "Conceptfx" seems to better fit my day schedule.
Tfg
I have some brief email exchange with fx53. Apparantly, the published result traded mainly on 1 hour timeframe and needs you to check in for signal 3-4 times a day. fx53 said I could trade on 4 hour but it would be less profitable.....he also said he uses SB....
Tfg
Tfg
systemcoder
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It means that you dont have to manually oepn the trade, you can be outside and your computer open the trade for you. i program a software for it. i am trading forex direct.
explorer626
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If you have a normal laptop with wireless you should be able to run Concept anywhere. Most internet cafes I have seen allow you to use your own laptop on their wireless connection.
Hi Asif,
Of course. And so generally it is not a problem, for most users. But I am often in wilder parts, beyond the comforts and conveniences of the EU, where the options are not that convenient. Email or text would normally not be such a problem. My experience is that internet cafes are far from happy to let one use their wireless connection! But it would not be a problem if one could pick up the signals on the normal browser.
But my main point really, is that Concept market what they call "trading software" with free "market data". The truth is that they actually sell an expensive front end which just receives trading signals. There are numerous signal services, and as far as I know Concept is unique in using this clunky and inflexible system.
With Tradewin, they pushed out the signals by text as well as through their client software. I used to do the whole operation on my mobile, getting the signals and managing the trades.
Hey, aren't we on the wrong thread!?
Asif,
Got my wires crossed, sorry. Nothing wrong with being on two threads, just need to distinguish! And sorry explorer626, didn't mean to by-pass you!
Hi systemtrader,
I'd be interested to know how the system works ie. do you install the software fx53 on your pc, choose the currency pair, you choose the time frame you wish to trade:
"how much time you want to or are able to dedicate to your trading. If you wish to only spend 5 minutes per day you would trade the DAILY time frame charts. If you wish to spend 5 minutes 2, 3, 4 or 5 times per day you would trade the 4 or 1 hour time frame charts. If you wish to spend extended time at your screen, whenever it suited, you would be best trading the 1 or 5 minute time frame/charts. "
and the software then tells you when to enter, where to place the stop loss and your objective?
Also which time frame are you using and how are you getting on?
I'd be interested to know how the system works ie. do you install the software fx53 on your pc, choose the currency pair, you choose the time frame you wish to trade:
"how much time you want to or are able to dedicate to your trading. If you wish to only spend 5 minutes per day you would trade the DAILY time frame charts. If you wish to spend 5 minutes 2, 3, 4 or 5 times per day you would trade the 4 or 1 hour time frame charts. If you wish to spend extended time at your screen, whenever it suited, you would be best trading the 1 or 5 minute time frame/charts. "
and the software then tells you when to enter, where to place the stop loss and your objective?
Also which time frame are you using and how are you getting on?
Hi Asif,
I strongly recommend that you download free Visual Trader software from the CSMFX site. You will need to open a demo account first.
Then play with VT until you get a feel for it. I do not mean to trade, just get to understand it a bit. Then you will be able to understand that 53FX is an add-on called a "custom trading system". Also, if you have not already done so, go to the 53FX website, and watch the videos. It took me a little while to get my head around everything, but now I am clear what is involved, and all I need to do is take the plunge when I am ready.
The system is in many ways better than Concept. It gives you more control, but very importantly it is much cheaper, and there are no costs after you have purchesed. Even if the vendor packed up business, you could just carry on. 53FX makes you independent.
I am really beginning to think this is a better way forward, although Concept is (so far anyway) doing the job I paid for.
Sandy
I strongly recommend that you download free Visual Trader software from the CSMFX site. You will need to open a demo account first.
Then play with VT until you get a feel for it. I do not mean to trade, just get to understand it a bit. Then you will be able to understand that 53FX is an add-on called a "custom trading system". Also, if you have not already done so, go to the 53FX website, and watch the videos. It took me a little while to get my head around everything, but now I am clear what is involved, and all I need to do is take the plunge when I am ready.
The system is in many ways better than Concept. It gives you more control, but very importantly it is much cheaper, and there are no costs after you have purchesed. Even if the vendor packed up business, you could just carry on. 53FX makes you independent.
I am really beginning to think this is a better way forward, although Concept is (so far anyway) doing the job I paid for.
Sandy
Thanks Sandy,
I shall take your advice.
looking at the returns for both systems, to date FX53 out performs Concept.
I shall take your advice.
looking at the returns for both systems, to date FX53 out performs Concept.
Oh jeeze your gonna spend £600 quid on some arrows that are programmed most probably from a cross of two indicators, looks like it could be the QQE. Looks like visual trading charts and the guy could have got it programmed free here Visual Trading Systems User Forums (Powered by Invision Power Board).
I know wat I'm doing this weekend, slapping up a website and sorting out some nice looking arrows.
I know wat I'm doing this weekend, slapping up a website and sorting out some nice looking arrows.
Hi cryten!
I think it is healthy to be sceptical, but not helpful to yourself or others to be cynical.
If you are in fact speaking from a position of experience with trading systems, it would be great to have your input. Especially, or perhaps only, if you can make positive helpful suggestions. For example can you recommend a system that is well developed (from whatever origin, be it free or costly) and that has at least a primie face case for its profitability.
That is what I was looking for, and it appears the FX53 system may be what I want. If you know as a matter of actual fact that it is flawed, and will not be profitable, could you explain why?
But most of all can you recommend a specific system that you know works?
best wishes
Sandy
gamma
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Hello Gentleman,
Firstly cryten you are obviously some sort of idiot.
I follow your Posts quite closely and the issue I cannot understand is the amount of effort that appears to be put into finding a good reliable system.
Forgive me if I misunderstand the context but it appears that this thread is dedicated to looking for a set and forget system that takes away all the analysis and personal trading.
Althought most systems are probably pretty good at entry points the difficult job of trading only starts when you are in the trade and managing it, sometimes you have to let the trade ride other times cut losses, take small profits. Predefining that you come out when it hits a preset target is not always possible.
One has to also bear in mind that markets are consistantly evolving this presents you with the added issue of constantly updating your analysis and your strategy.
A lot of the older members on this forum are probably pretty anti-vendor systems not becuse of any elitist attitude or snobbery, I would love to have a system that does all the work for me,I have even subscribed to a signal service myself which did well from Jan to May this year then the losses came.
I have helped afew members develop systems suited to their styles for free and they are doing well.
The most important thing is defining yourself and what you want from trading is the issue And I don't really think an automated system can do that for you.
The point I am trying to make is "you have to do somework. Actually a lot of work in the trading job."
In the meantime if anyone does come across a system that offers guranteed future profits please let me know.
Firstly cryten you are obviously some sort of idiot.
I follow your Posts quite closely and the issue I cannot understand is the amount of effort that appears to be put into finding a good reliable system.
Forgive me if I misunderstand the context but it appears that this thread is dedicated to looking for a set and forget system that takes away all the analysis and personal trading.
Althought most systems are probably pretty good at entry points the difficult job of trading only starts when you are in the trade and managing it, sometimes you have to let the trade ride other times cut losses, take small profits. Predefining that you come out when it hits a preset target is not always possible.
One has to also bear in mind that markets are consistantly evolving this presents you with the added issue of constantly updating your analysis and your strategy.
A lot of the older members on this forum are probably pretty anti-vendor systems not becuse of any elitist attitude or snobbery, I would love to have a system that does all the work for me,I have even subscribed to a signal service myself which did well from Jan to May this year then the losses came.
I have helped afew members develop systems suited to their styles for free and they are doing well.
The most important thing is defining yourself and what you want from trading is the issue And I don't really think an automated system can do that for you.
The point I am trying to make is "you have to do somework. Actually a lot of work in the trading job."
In the meantime if anyone does come across a system that offers guranteed future profits please let me know.
Well your obviously some sort of idiot too because your post makes no sense in anyway to mine. I have my own system thank you and as you said the actual hard part of trading is managing that trade and having a good exit plan plus good roi blah blah My system guarantees future profits as long as price continues to move and does not become flatline. Why am I not rich yet???? Sometimes it goes 10 pips sometimes 100 and I have to decide if I'm going to scalp and go or take some more losses and go for those nice moves.
I follow your Posts quite closely and the issue I cannot understand is the amount of effort that appears to be put into finding a good reliable system.
Well I do apologize about that I have a hobby of looking at charts and experimenting which I do on the side of trading / developing my own. Really sorry bout that maybe you should go call nkruger an idiot too.
So again with my prior experience with visual trading charts (the first charts I used) the arrows are nothing more then a cross at best maybe 2 conditions eg mac d cross and when price is under 50 sma show pink sell arrow.
But seems to me a very good investment in some webspace and I'll go and download vtrader and make some pretty arrows, obviously enough takers
I can't be bothered to answer any of your other "issues" as their really quite random and not relevant and where did you get the idea I was looking for an automated system? Are you going on my early posts at forex factory?
Unlike you I have not been trading for 10 years and had to start somewhere, I as many others started out looking for the perfect system and spent about 2 years doing nothing but staring at charts trying to make one so sure you will find PLENTY of noob embarrassing posts from myself especially at forex-tsd "Excuse me can someone tell me what a SMA is?
Or if your meaning my posts from here then their all quite random as I'm mostly a lurker until something makes we want to speak out like this topic which I won't be doing again! But you sure did make a big assumption from them anyhow lol
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I was trying to be helpful in my own way
Just letting you know that behind those arrows is nothing magical or new there is going to be an indicator condition that is most probably on every charting program you can find.
It is most probably something quite simple which does not mean thats a bad thing, KISS is good but I can't help think it's a simple crossing indicator disguised behind the arrows to sell for that lovely sum especially as he does not disclose the conditions behind the signal.
What happens when visual trader updates their charts (like they do) and you can't use them anymore and the vendor has decided to retire from system selling you will have no idea what it is you were trading.
I myself in the early days paid up to £100 for some indicators and actually found myself a little more dedicated to the system from having spent that much money so perhaps £600 and you WILL make it work for you lol
Anyway it's your money!
