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NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 22 2012 at 08:22

   nasco posted:
   Remus -

You might be right, and then there's always the facts, so keep watching the link.


One fact is that you decided to hide the history for that account.

I'm sorry, but increasing the lot size 100 times inside a basket of trades is totally not in line with my risk management approach, so I won't be following your account. If it will last 100 years from now on, good for you and your clients!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 22 2012 at 08:34

   bfe00325 posted:
   Hey guys, i saw you were talking about martingale...
[...]
Pedro Grilo
ForexFarmer EA


Hi Pedro,

We were talking about Martingale in the sense that it's almost always bad. Especially if you go too far with it. And looking at your account, I see exactly the same thing: you start with 0.01 lots, and end with 1.28 lots. What happens if the pair did not retrace after you opened those 1.28 lots? You'll open 2.56, right? Then 5.12 and so on, until the margin call will end your suffering.

http://www.myfxbook.com/members/bfe00325/forex-farmer-v20-gallant-fx/194422

01.04.2012 17:48 01.09.2012 06:40 EURUSD Buy 0.01 1.16870 1.27220 1.29470 1.27220 -225.0 -22.49 4d -0.39%
01.05.2012 08:46 01.09.2012 06:40 EURUSD Buy 0.02 1.16870 1.27220 1.29070 1.27220 -185.0 -36.98 3d -0.65%
01.05.2012 08:52 01.09.2012 06:40 EURUSD Buy 0.04 1.16870 1.27220 1.28720 1.27220 -150.0 -59.96 3d -1.06%
01.05.2012 10:06 01.09.2012 06:40 EURUSD Buy 0.08 1.16870 1.27220 1.28370 1.27220 -115.0 -91.92 3d -1.64%
01.05.2012 14:41 01.09.2012 06:40 EURUSD Buy 0.16 1.16870 1.27220 1.27970 1.27220 -75.0 -119.86 3d -2.17%
01.06.2012 13:31 01.09.2012 06:40 EURUSD Buy 0.32 1.16870 1.27220 1.27570 1.27220 -35.0 -111.86 2d -2.07%
01.06.2012 14:43 01.09.2012 06:40 EURUSD Buy 0.64 1.16870 1.27220 1.27220 1.27220 0.0 0.28 2d 0.01%
01.08.2012 23:11 01.09.2012 06:40 EURUSD Buy 1.28 1.16870 1.27220 1.26870 1.27220 35.0 448.00 7h 29m 8.46%

I hope you burn a couple of demo accounts and change your mind about this high risk Martingale. Otherwise you'll learn the lesson the hard way. I'm just trying to give you friendly advice. I assume the mirage of always recovering from a loss is pulling you into this, and I'm using my experience to say that from a risk management perspective such use of Martingale is a disaster waiting to happen.

Take care,

Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
bfe00325

Member Since Oct 26, 2009  44 posts Pedro Grilo - Forex Farmer Network (bfe00325) Jan 22 2012 at 12:36
Remus,

Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.

With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!

I will not explain my strategy here but if you check the history of my accounts there are not more open positions than 8 at a time in one direction so that could means something.

The other main fact is that my EA is not to work as a FULL AUTOMATED EA, it could be running that way but it wasn't designed for that... it needs human intervention for secure purposes.

Check my history logs with care and maybe you find by yourself why i truly believe on it and i am using it these days and i am keep improving it.

Regards

Pedro Grilo
www.forexfarmer.net

Note: you are free to try it !

nasco

Member Since Oct 27, 2009  28 posts Nasco (nasco) Jan 22 2012 at 14:50
Wow, you really think I care if you watch the link with such arrogance and haughty attitude? If you are so smart why are you still trading the FOREX markets trying to cover up your incompetence to appreaciate someone else's honest efforts. Your attitude is extremely mean spirited and very much representative of someone who has serious unresolved emotional issues.

Relax, and Get Paid!
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 22 2012 at 16:54

   bfe00325 posted:
   Remus,

Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.

With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!


Thanks Pedro for your efforts, and I agree managing risk is one key to sustained profitability. I believe you worked on this a lot, so there is a good chance that with the right account size you could have enough profit on a monthly basis to cover the cases when it loses big. I won't try it now, since the lot sizes are too disproportionate compared with my target, but I appreciate your effort to share and improve the EA through collective thinking!

Good luck!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 22 2012 at 20:17

   nasco posted:
   Wow, you really think I care if you watch the link with such arrogance and haughty attitude? If you are so smart why are you still trading the FOREX markets trying to cover up your incompetence to appreaciate someone else's honest efforts. Your attitude is extremely mean spirited and very much representative of someone who has serious unresolved emotional issues.


Wow, what's up with these hate comments? Did I hurt you so bad by saying your strategy is very risky, by my standards, and by pointing out you decided to hide the history after I shown an example of very risky basket of trades?

Those were just my opinions, and you and everyone else reading them is free to dismiss them right away! I surely did not expect such a reaction from someone looking for clients, and asking $50,000 as minimum investment...

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 23 2012 at 02:42
Hi everyone,

I love a lot of of Google's products, one of them being GDocs (Google Documents). It makes many things involving collaboration between multiple people super easy. Below is just one example.

Because it is becoming increasingly difficult to keep track of the accounts posted in this thread, I put together a form that people can use, for submitting their REAL MONEY account for tracking:
https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0

The nice thing is that the form data gets published into a spreadsheet, and I can add my own details in there. That makes the task of reviewing what was posted on the thread a whole lot easier:
https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0AoBJeNapfnI2dGFQbGdlOXZBWWpiLWN1c212NTJfWlE&output=html

Now the spreadsheet only has 10 entries, corresponding to the most recent posts that provided a real money account. I added those, and I invite interested folks to use the form and submit their current system. Just please only submit REAL MONEY accounts. The form has one option for the type of account that says Demo, but that's just for me to know which accounts to delete from the spreadsheet.

Thanks,
Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
nasco

Member Since Oct 27, 2009  28 posts Nasco (nasco) Jan 23 2012 at 04:23 (edited Jan 23 2012 at 04:45 )
Remus -

Well, I'm glad to see you show some understanding of the difference between fact and fiction, and you certainly would not qualify as a client being your opinion is representative of a typical weak minded investor who would quit too early, complain, and just give up when the heat is on.

Just to be clear, the only hurt you did was your own reputation by showing a very limited view of some excellent programming work that is still generating stable results in the face of people like you in this industry that will never be able to see the value of other's hard work unless it is your idea first.

It may be that after 6-7 years of hard work that someone else has a better idea than your shallow opinions and limited informational comments in this forum. Ofcourse you seem to want to be the top dog here, so keep up the good work and you can have the last word all you want of absolutely no value to serious and experienced traders. So rest assured, you've been dismissed...

Relax, and Get Paid!
mysonucat

Member Since Nov 10, 2010  24 posts mysonucat Jan 23 2012 at 12:08
Remus:

Finally when you make up your mind on any one provider please let us all know so that we all can also take advantage from your wide and through research of all the fund managers out in he market.

be clear at heart things will work for you
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 23 2012 at 18:14

   mysonucat posted:
   Remus:

Finally when you make up your mind on any one provider please let us all know so that we all can also take advantage from your wide and through research of all the fund managers out in he market.


Thanks for the encouragement, mysonucat!

Sure, sharing my findings is the idea. I'm started by looking for traders for my accounts, and I figured if I make this process public, it's a win-win-win situation:
- traders/account managers get additional exposure, potentially gaining new clients
- investors/people watching the thread benefit from my data gathering/filtering work
- I see what other people think of the traders being reviewed, potentially helping me (and everyone else) discover unprofessional ones

This is a work in progress, so I don't expect me to announce something like 'these 3 are the winners'. Instead, I plan to submit updates once in a while - as new people submit their systems, and as the systems generate trades, you can image how many moving parts we have here ;)

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
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