Without getting too technical on lot sizes for forex and contract sizes for futures contracts. The fact remains that the Forex EURUSD pair and be traded with the futures 6E contract.
I personally trade futures rather than forex as I can trade either the Futures Emini contract 6E. Or, if the risk is too large between entry and stop using our Roller Coaster Indicator suite, I can switch to the micro contracts which are only 1/10th the value of the normal 6E. This versatility allows me to get in more currency trades, than if I were just trading the Forex EURUSD pair.
This chart is an example of our Roller Coaster Indicator Suite for the trading view platform with the 6E contract on the right chart and EURUSD on the left chart. Both 15 minute charts! As you can see the behaviour is very similar.
Concentrating on the right hand chart, the 6E contract, the Stop is approx 1.08500 and Short Entry 1.08200.
So for the main 6E futures contracts that is 60 ticks Risk and at $6.25 per tick, that's a Risk of $375 for 1 contract
Now for the Micro contract, that's only 30 ticks Risk and at $1.3 per tick, that's a Risk of $39 for 1 contract. ( Micro 6E contracts do not have the half point values like the main 6E contract).
So if $375 is too much Risk, then maybe 3 micro contracts, giving a Risk of $117 would be more suitable for traders.
This is just an example of how versatile futures trading can be for currencies, instead of just trading Forex. Our Roller Coaster Indicator Suite is very powerful, but sometimes the risk seems a little high when traditional Forex trading and this alternative, using futures emin and micro contracts, should be worth exploring for serious traders.
This particular trade was a 1:2 winner and I traded 5 Micro Contracts, Risk $195 for a profit of $390, Which isn't bad for 3 hours in the trade. Yes I could have won twice that with 1 normal emini 6E contract, but the Risk was too high for me as I had 2 other trades on at the same time with Gold and one of the indexes.
I wrote an article on our blog, back in February, discussing the Roller Coaster strategy, Getting in the Groove and Risk management, you may find interesting.
Having subscribed to you Rollercoaster and your EW, I would caution others away from them. They do not work well and consistently provide a terrible reward to risk. And you do not do a 1 month or a trial, only a 3 month subscription and that does not give anyone time to evaluate. I hope my testimony will encourage you to change your policy and stop making easy money from TradingView clients. I do not know how they work on Futures, but they do not work well on Forex. In my 3 months time, I didnt make a dime.
faith_defender
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@faith_defender, And also note above where it says "Our Roller Coaster Indicator Suite is very powerful, but sometimes the risk seems a little high when traditional Forex trading." This bears witness to my statement above. It is for that reason I could not take trades.
tradethefifthcompany
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@faith_defender, Moshe, you can troll our webinars, ideas, indicators and postings all you want. At the end of the day, if our products did not work, we would be out of business. We do not offer trials of our products as there is not enough time to properly judge the effectiveness should there be any volatility in the markets but we do offer a 1 month option.
In the article we tried to show how rc worked and compared forex to futures and the versatility of futures, both trades were simple and 1:2 risk to reward.
Despite offering on numerous occasions to help you (which were refused), it seems that you are personally intent on trolling us on all platforms which would suggest that a "bad workman blames his tools" as we have 1000's of users across 7 different trading platforms
faith_defender
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@tradethefifthcom, A good business man would have offered a refund if the customer immediately asked. You would not. Instead, you first blamed TradingView for the indicator not working correctly. Secondly, how am I a troll if I have paid you over 300 dollars? I am only advising others that the indicators do not work well on Forex. You admitted above that the risk reward seems "high". Also, I was in your trading room and I was told you did not trade Forex in the 5K room. I asked you where it was posted and I was never answered. Why would a Forex trader pay for a room knowing you would not trade Forex? So, praytell, how was I offered any help if I left the room? Refund me and I will be happy.
faith_defender
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@faith_defender, P.S. You would not be out of business any more than the vendors on the MT4/5 platforms are. They continue to sell crappy indicators every day and make a living. Do you know why? In the words of W.C Fields; "there's a sucker born every minute."
tradethefifthcompany
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@faith_defender, This is Paul, the CEO, You have been offered so much help, but refused at every step. If you spent as much of the energy and time trolling our company ON learning to trade, then maybe you would be successful. Indicators are tools, but unless you have a good grasp of market behaviour and the ability to frame your charts accordingly, no tools are going to help. We will be giving you no more airtime on your various trolling exploits and wish you luck in your learning to trade...
faith_defender
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@tradethefifthcom, I can only hope those considering your Rollercoaster and EW will think about these exchanges.
First, you will not give a refund, even after the first few days. As one can read, you have not touched this topic in any of your communication.
2) you have suggested above, that the Forex "risk seems a little high" for Forex. I learned the hard way. For this reason I was asking for a refund.
3) You contradict yourself saying; We do not offer trials of our products as there is not enough time to properly judge the effectiveness should there be any volatility in the markets but we do offer a 1 month option. So, is one month good enough or not?
4) When I purchased a subscription it was a 3 month only. Per your words above, you have changed it to a 1 month. This is progress and may help the next customer.
5) You offered "1" time to show me how the indicator works while in a YouTube room. Other than that, please provide 1 email exchange where you tried to reach out and help? Finally, what you call "trolling" is an upset customer who gave you over 300 bucks. I just want others to know the way you handle customers. Please give me back half my money for a bad Rollercoaster indicator and I will go away.
faith_defender
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@faith_defender, Dear Reader. Please take note that a portion of the dialog was removed from the reply section on April 23rd. Thank fully I had copied and posted so I could show it to the BBB. He had admitted the Rollercoaster should be used on Futures pairs of the Forex equivalent. I have to mention this because it shows deceit to remove a portion of the dialog. Thank you