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20-40% performance fee (with high watermark) for Forex traders
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Member Since Feb 03, 2011 20 posts
Jason Thomas (indiaforextrade)
Dec 23 2011 at 06:21
(edited Dec 23 2011 at 06:30 )
NextLevelForex posted: indiaforextrade posted: You posted a link to that first account on my thread. Now you say it's a stress test? Why did you not post the best link first? Also, the PAMM account you listed had a 69% drawdown on Dec 20, so the 'much lower risk/drawdown' is actually higher... Sorry, you may have a good trading method behind it, but the implementation (money management) is very poor. Hope your investors will realize they are gambling with your account and invest appropriately. You have a keen eye, i should admit that. yes when i gave you the earlier link, this PAMM account was not started yet, so i gave it to you the next time. Yeah the account started at $10 and then my funds got stuck in the process of transfer, but the trading had already started, knowing that my funds are in the pipeline. by the time my funds got credited the account was aldready double. Its not that like iv'e to justify everything to you, i know that when you see the records you'll know. But please reserve statements like '(money management) is very poor (ok this i can understand based on statements)' but stuff like' . Hope your investors will realize they are gambling with your account and invest appropriately.' Wait and give it time, and let the investors look at track record and decide for themselves. Not that i need your money Mr Remus , Just that topic was interesting so i posted. I dont have to prove anything to you. If you serious enough track this account and keep your judgement open for a while. rgds Jason In order to make a profit you have to cut short your losing trades and let the winners ride |
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Member Since Apr 25, 2011 248 posts
Remus Miclea (NextLevelForex)
Dec 23 2011 at 06:53
indiaforextrade posted: But please reserve statements like '(money management) is very poor (ok this i can understand based on statements)' but stuff like' . Hope your investors will realize they are gambling with your account and invest appropriately.' Wait and give it time, and let the investors look at track record and decide for themselves. What you say makes sense! By having you reply here you show you care about your image, and want to be treated fairly. That is good, and my reply was meant to show you your weak points (69% drawdown is a catastrophe, I hope you agree with that; whoever does not, is a pure gambler in my opinion). If you can, you should prepare your accounts to have zero such glitches in the future. You would have gained more by starting trading 1 week late and posting your account only after you have 30 days of history (just saying, 3-6 months would be more serious). I wish you the best with this business! He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Member Since Feb 03, 2011 20 posts
Jason Thomas (indiaforextrade)
Dec 23 2011 at 12:46
(edited Dec 23 2011 at 12:56 )
NextLevelForex posted: What you say makes sense! By having you reply here you show you care about your image, and want to be treated fairly. That is good, and my reply was meant to show you your weak points (69% drawdown is a catastrophe, I hope you agree with that; whoever does not, is a pure gambler in my opinion). If you can, you should prepare your accounts to have zero such glitches in the future. You would have gained more by starting trading 1 week late and posting your account only after you have 30 days of history (just saying, 3-6 months would be more serious). I wish you the best with this business! Thanks. You seem like a logical man. Nice to meet guys like you. (69% drawdown is a catastrophe, I hope you agree with that; whoever does not, is a pure gambler in my opinion). If you can, you should prepare your accounts to have zero such glitches in the future. You would have gained more by starting trading 1 week late and posting your account only after you have 30 days of history (just saying, 3-6 months would be more serious). What you say is all pretty true. Any sane trader would think the same Eitherway im striving to be here for the long run, im not looking for quick results either. Even though i could use the funds, I frankly dont expect anyone to invest unless they think this account is worthwile, backed by data in due time. This post was made here because this topic was relevant and also so that those who wants to monitor this account could do. Yeah it was a bit early but hay! Eitherway 'Here I am'! An aspiring fund manager;) In order to make a profit you have to cut short your losing trades and let the winners ride |
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Member Since Nov 15, 2011 61 posts
Jos (liquidityFX)
Dec 23 2011 at 14:40
NextLevelForex posted: Thanks Jos for following up, and especially for opening your trading history! Your results indeed look good, but there are a couple of corrections I need to make, for the benefit of everyone trying to asses your performance through my criteria: 4) you need to select only the last 100 trades, not all 171; I selected the 11/29 8:00 - 12/21 13:00 interval and got the answer: for the last 100 trades, the average pip/trade (the same as Pips Expectancy; at the time of my original post I did not know they are the same) is 320.2 / 100 = 3.2 pips (and yes, you need to include the losing trades) 5a) there was a typo in your reply; -21.31 is in fact -25.31; with that the Pips Expectancy comes out as 3.0, which is still good. By the way, shortly after starting this thread I suggested to Myfxbook team to implement displaying the Pips Expectancy, which they promptly did, so now you can find this value in the 3rd column of Advanced Statistics / Trades 5b) due to the same typo the ratio is lower: 3.0 / 25.31 = 0.12 (the absolute value is used for the average loss; I was not clear on that in my original post) All in all, I must say I like your results. History is still too little, but time will naturally take care of that :). Keep up the great work, and we'll be in touch after mid January. Hi Remus, Thanks for fixing my stats, that definitely helps give a clearer picture. I hope they'll add all of these to myfxbook's own stats. I'd be interested in seeing things like the sortino rating as well, but the suggestion box is already pretty full. And I completely agree with your comment on history, I wouldn't be too keen on investing in anything without a long track record. Unless perhaps when I could validate code and backtest it on very conservative data. However, LiteForex's community seems to have faith; almost 1400$ equity in the account as we speak after 1 month. I'll be taking good care of it :) But, we'll talk again in January/February! Jos. When you fall you learn, then you get up and you try again until you master it. |
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Member Since Jul 27, 2010 32 posts
Joe (jtedder)
Dec 27 2011 at 23:38
Trade Slowly and Safely |
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Member Since Apr 25, 2011 248 posts
Remus Miclea (NextLevelForex)
Jan 02 2012 at 12:06
jtedder posted: Please check this out. http://www.myfxbook.com/members/jtedder/mt4-72711/212300 He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Member Since Nov 18, 2011 15 posts
tiago jacob (tiagojacob18)
Jan 03 2012 at 07:18
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Member Since Apr 25, 2011 248 posts
Remus Miclea (NextLevelForex)
Jan 05 2012 at 22:36
Thanks Jacob, I added the account to my watchlist!
Do you use Martingale-like management? I see negative realized pips on Dec 29 and Jan 04, while the growth line went up. He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Member Since Apr 28, 2011 116 posts
Andie Liu (andieliu)
Jan 06 2012 at 02:15
(edited Jan 06 2012 at 02:17 )
Move Account to http://instaforex.com/pamm_monitoring.php?x=CWXG&trader=1094416 <--- click this for invest
Link Tracking http://www.myfxbook.com/members/omerad/pamm-insta-scalping-ucad/165467 "ojo kakean motto/micin ndak marai bodo" |
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Member Since Jul 20, 2011 6 posts
coxah (coxahfx)
Jan 06 2012 at 06:28
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