Originally Posted by
Dmcewen
Hi all, this is David McEwen.
It is apparent that Chrismac did not pay attention when the system was being explained to him. It is a pity he didn’t contact me to discuss any issues he might have had before publicly badmouthing me and my associates from behind the safety of a pseudonym.
Oakfx is a fully automatic foreign exchange trading system that I have had the opportunity to study since it first arrived in NZ nearly two years ago. I have clients who have purchased the software and allowed me to monitor their returns on a daily basis for the past 18 months. I liked what I saw so much that I subsequently became a shareholder in the company that distributes the software. All the clients I monitor have made excellent returns with this product – of around 50% per year on their trading accounts.
Oakfx takes positions on multiple currency pairs and implements ‘take profit’ and ‘stop loss’ limits. Until either limit is reached, the position remains open. An open position is not a loss and does not mean the equity in the account is lower. It is a similar concept to operating a dairy; you have to buy stock before you can trade and make a profit. Equity can go down if a trade is closed at a loss, but this is offset by profits on other trades and the system achieves a profit on around 75% of all trades.
Trading foreign exchange does come with risks, including the potential for losing some, or all of the balance of your trading account. This is explained to all clients in writing, including Chrismac, when the product is purchased and these disclosures are read and singed by all customers before an account can go live. I personally believe Oakfx manages potential risks well and delivers an excellent return to investors on a risk-adjusted basis.
I would love to have a conversation with Chrismac in the office or on the phone and do what I can to educate, help and resolve his issues. We love the product and stand behind it 100%. Whilst I accept we are busy and sometimes hard to get an immediate response from, all enquiries do get answered. I would suggest we are busy because the product works and is in demand, often from word of mouth and referrals. I do accept though that, as hard as we try, we can't please everyone all the time.
With regards to my personal advice and performance analysing markets for over 20 years, I would welcome a healthy debate, face to face, from anyone with a better track record. My numbers speak for themselves and are a matter of record.