Share$$$ Manager (by fxveteran) Quick Stats
The user has deleted this system.
$$$ Manager Discussion
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Member Since Oct 28, 2009 1163 posts
Steve Boardman (stevetrade)
Apr 09 2010 at 19:58
Excellent performance, you can manage my money any day :)
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature. |
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Member Since Sep 04, 2009 835 posts
pc8multifx (pc8multifx)
Apr 09 2010 at 20:40
Even when it looks nice, I wouldn't trust my money on that. There must be enormous risk be involved to achieve such a daily performance. A nightmare for every serious investor.... Lets wait for the collapse
https://cp.commercialnetworkservices.net/aff.php?aff=623 |
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Member Since Nov 02, 2009 13 posts
Philippe (Cyrillic)
Apr 10 2010 at 01:05
Send me your info, looks interesting...
If it can't be bought its not worth my time... |
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Member Since Apr 09, 2010 40 posts
Mr. Thomas (Tiger7F168)
Apr 10 2010 at 03:44
Can i get your info too plz? thanx.
Jesus is the Only Way |
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Member Since Apr 08, 2010 2 posts
fxveteran
Apr 10 2010 at 06:01
Thanks for your interest, guys. If you are interested, mail me at joshsh822@yahoo.com. I will give you more details.
Sure its just the beginning, but I wanted to show you the performance of the system from the very start, so you can track it every day. So check it out again later. |
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Member Since Feb 25, 2010 95 posts
Clearpaper
Apr 10 2010 at 06:57
(edited Apr 10 2010 at 07:12 )
Wows.. +934.05% gain in 1 day.
------------------------------------------------------------------------------------------------------------------------- E.g. equity = $10,000.00 Leverage = 1:200 Total pips gained = 3120 no. of trades = 50 pips/trade = 62.4 pips profit % = 934.05% profit = $10,000.00*934.05% = $93,405.00 $ size of 1 pip = $29.94 Each trade lotsize = 2.99 Max range for GBPUSD yesterday = 250 pips Min. possible no. of trades = 3120/250 = 12.48 Min. no. of concurrent positi 50/12.48 = 4.01 Total lotsize of concurrent positi 4.01*2.99 = 11.99 Total $ size of concurrent positi $1,199,419.07 Margin required = $1,199,419.07/200 = $5,991.10 Total $ size of 1 pip of concurrent positi 11.9*10 = $119.94 Remaining equity available opening positi $10,000.00 - $5,991.10 = $4,002.90 No. of pips before blowup = $4,002.90/$119.94 = 33.37 pips ------------------------------------------------------------------------------------------------------------------------- I doubt the full range(250) of the day was used, I suspect it might have been more trade instances with or without more concurrent trades. 0% drawdown. (The moment you open a trade, you'll already experience drawdown due to the spread. I suspect myfxbook calculates drawdown from the starting equity instead of the previous balance. Which is wrong.) All in the performance is possible. You got to be a righteous sniper though. 34 pips to blowing out per trade instance. On GBPUSD, gutsy. Could be completely wrong in my calculations though. lol.. |
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Member Since Apr 08, 2010 2 posts
fxveteran
Apr 11 2010 at 04:30
Clearpaper and other fellow traders, if you have any doubts, please wait a few days to see further performance. Any calculations or assumptions will not help. This is just theory. I really advise you to hold with your opinions. I am very confident in my system and will prove it works not for a day or two.
The only thing with the drawndown requires some attention: it zero, because there are no negative trades till now. If there are any negative trades, there will be some drawdown. I don't say there will be no negative trades at all later. Probably there will be some small ones. But till now all the trades were positive since the system is very precise. The spread has no influence on the drawdown. It's not the equity, it's the margin change that matters. So the spread at the moment of opening the trades or even a trade is negative for some time, the drawdown is not created, only when a trade is closed. |
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Member Since Mar 29, 2010 62 posts
YOORforex (yoorforex)
Apr 11 2010 at 06:26
Beware !
This kind of performans suggests an easy smelling air of wiped account... like in casino. Over long term studying stability, minimum is 3 months Hidden transactions prove that the trader does not want to show you risk undertaken as they may be unreasonnable I could do that as well, but it is not serious to do so, as capital could not last very long, my experience proves it. This site is not perfect as it does not show the relative drawdown, here we have moreover 0% maximal drawdown... I guess that the relative drawdown has reached 50% a few times, I'm writing to the site owner so that to add relative drawdown Trading forex to win |
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Member Since Feb 25, 2010 95 posts
Clearpaper
Apr 11 2010 at 17:02
(edited Apr 11 2010 at 17:17 )
Hi fxveteran,
I see what you say and it makes sense about myfxbook's definition of 'drawdown'. And I'm sure it's largely for the fact that only the account history is uploaded and not running trade data. It is possible to have a trade bring your available margin down by 99.9% and then recover to close at breakeven or a winning trade, and myfxbook will still record it as 0% drawdown. This is obviously misleading and/or misguided(not your fault). This is also not the same definition of drawdown used in mt4 reports which does report it correctly. Regarding your performance, I'm skeptical but I don't outright doubt you. It takes a lot of guts to trade on such a fine margin. 34 pips, or rather 30 pips since there's a 4-pip spread, before you get a margin call. How an automated system does something like that is nothing short of amazing. And how you'd allow a system with that kind of thin margin for error to trade your money takes amazing faith in it and nerves of steel. And the thing is, I wouldn't have to speculate on the numbers (and I'm not really speculating, the math adds up) if you didn't hide the trade history. Virtually all data is hidden. You do realise you can sell your services better if you are more transparent, right? Don't take this the wrong way but it comes off as a little shady. |
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Apr 11 2010 at 19:53
Dear fxveteran, if I had an EA which could generate such profits I would never think of managing other's funds. This rings the bell(or should I call it alarm) for me. If your profits are capitalised your monthly profit should be gazillions of $ even starting with 1000$ and in just one year you could be richer than Bill Gates and Warren Buffett combined. And yes... if you unhide your trading history it would be much easier to 'believe'.
I'm pretty sure that the way your EA trades won't allow it to trade live account or non SCAM broker. So if you want to be taken seriously the least you can do is to unhide your broker, open trades, history and account type. If you don't do that it's not even worth to waste my time to e-mail you for additional information. "In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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