04A - T (by NextLevelForex) Quick Stats
Gain: -10.97%
Drawdown: 13.08%
Pips: -823.7
Trades: 297
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Automated

Full Report

User's Page

Message

Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
04A - T Discussion
Previous 1 2 Next
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) May 19 2011 at 18:48
This account is part of a live, real-money portfolio, traded for the reasons,
and following the guidelines described in <a href='http://NextLevelForex.com'><i><u>NextLevelForex.com</u></i></a> newsletters.

Balance, lot sizes, trading history and other details are available to subscribers.

To get in touch, please <a href='http://NextLevelForex.com'><u>sign up</u></a> and find the contact info in the welcome letter...

Happy trading!

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) Nov 29 2011 at 20:11
When I started the NextLevelForex project, I had a very strong reason for picking (semi-)automated trading: I wanted a business that I can put on hold whenever I want, for as long as I want. Now the time came to put that feature to the test, since I’m soon going to take a longer vacation… To my surprise, I had a good amount of hesitation. “Why should I stop trading? that will just mess up my stats”, “there is a high chance the next two weeks are going to be quite profitable, so let’s trade for just a few more days”, and other similar rationalizations were going through my head. Luckily, I was able to recognize them, and today (2011.11.29) at 9:40 PST I pulled the plug!

Here is the status and the plans moving forward, for the systems on my public profile:
  01A - S: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  02A - A: continue to run with minimum lot size = a lot smaller (10x - 30x) than regular; plan to resume trading on Jan 15
  03A - G: continue to run with minimum lot size = a lot smaller (5x - 20x) than regular; plan to resume trading on Jan 15
  04A - T: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  16M - M06: not traded, since the trader and I agreed on something that did not happen yet; keep on hold until Jan 15

Happy Holidays!

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 02:30
As mentioned above, on Nov 29, 2011 I stopped trading the system exclusively traded here since account opening.
Today, Jan 22, 2012, I started forward testing another system, so I'm going to set the Custom Start date to today.

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

Member Since Mar 22, 2010  191 posts SaltyWaters Jan 23 2012 at 04:56 (edited Jan 23 2012 at 05:01 )
What happened to this account?
Why did the results get so far from your guidelines?

No offense, I'm just curious.

Only individuals have a sense of responsibility. – Nietzsche
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 23 2012 at 05:01
What exactly do you mean? Because it's not updated? It was idle until today, will show some activity soon.
It lost money throughout 2011, and now I'm going to use it to test a different strategy. (see above post)

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 05:03

   SaltyWaters posted:
   What happened to this account?
Why did the results get so far from your guidelines?

No offense, I'm just curious.


I replied to your original post (before you edited it). Now you ask about guidelines, and I'd like to answer that, but need you to be more specific in your question. Are you asking why I dropped the system traded there?

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

Member Since Mar 22, 2010  191 posts SaltyWaters Jan 23 2012 at 05:10
I didn't see any guidelines in your website. I'm curious to know what guidelines were there and why did it fail?

Only individuals have a sense of responsibility. – Nietzsche
NextLevelForex

Member Since Apr 25, 2011  262 posts Remus Miclea (NextLevelForex) Jan 23 2012 at 05:18
I see. Well, there are two parts to the answer.

I don't have the guidelines posted on the website, just in the newsletters. So I have a series of newsletters, that I started writing last year, when accounts 01 through 04 were started. And in those newsletters I said what I plan to do with these accounts. Basically it was a live experiment, and the accounts were the working material.

The reason this account failed had less to do with the strategy, and more with the broker. I was tracking the same strategy in other accounts, and in the it came down to the fact that spreads at FXDD were consistently higher than at the other brokers, where the strategy was profitable. So the EA hit a bunch of stop losses that were not hit elsewhere, and I decided to stop trading it here, in this account.

Hope this answers your questions, and if not, please send me more ;)

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

Member Since Mar 22, 2010  191 posts SaltyWaters Jan 23 2012 at 05:40
By the looks only account 03A - G is doing okay with 40.94 % in 10 months all the others seem to be a waste. Are this managed accounts?

Only individuals have a sense of responsibility. – Nietzsche
SaltyWaters

Member Since Mar 22, 2010  191 posts SaltyWaters Jan 23 2012 at 05:59 (edited Jan 23 2012 at 06:02 )
With such poor performance. What's gotten into you to manage other peoples money? I know you are not the only one with poor performance systems that wants to manage other peoples accounts but... I'm just curious... no offense.

Only individuals have a sense of responsibility. – Nietzsche
Previous 1 2 Next
Bank Stress Test Info (23h 24min)
Gold Losses to Accelerate on Less Dovish...(4 min ago)
EURUSD 1.26681 GBPUSD 1.60826
USDJPY 108.143 USDCAD 1.12402
FxPro
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data          
Liquidity          
Forex Calculators New          

Download Myfxbook Android App
Site Map  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.