Client $6k 1x risk Varianse ECNpro (by FxMasterGuru) Quick Stats
Gain: +4.25%
Drawdown: 20.28%
Pips: 518.7
Trades: 354
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

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Client $6k 1x risk Varianse ECNpro Discussion
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aeronthomas

Member Since Dec 04, 2010  1247 posts Ozzie Matt (aeronthomas) Jan 11 at 11:11
FxMasterGuru, do you feel liquidity and normal spreads have returned back to the market now? I see over the end of December period performance suffered with these factors...

FxMasterGuru

Member Since May 04, 2012  1430 posts FxMasterGuru (FxMasterGuru) Jan 11 at 11:25 (edited Jan 11 at 11:26 )
It was unfortunate for this client to double up his account risk just days before the massive DD, which was obviously due to Holiday season related low liquidity and lack of 'big players' on the Asian session markets. Probably those 'big players' were already playing on the plush ski-resorts of Aspen, Davos and St. Moritz at that time... Lesson has been learned for next year.

My steady 1x risk REFERENCE ACCOUNT gives a more realistic picture of the strategy's performance at an A-booking pure STP/DMA broker: https://www.myfxbook.com/members/FxMasterGuru/robosniper-1x-risk-reference-account/1883830

In summary: December was closed with 8% gain and January is already up with +4% profit.

To answer your question: Yes, Asian session liquidity and the 'big players' (whose footsteps the strategy is following) seem to be returning, although slowly. In regard to spreads, I have not noticed major changes at my broker over the past weeks, except for the (22:00:00 GMT) daily rollover related spread spikes which were more frequent in early and mid-December.

Thank you for your "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
aeronthomas

Member Since Dec 04, 2010  1247 posts Ozzie Matt (aeronthomas) Jan 11 at 11:42
Thanks I am just wondering if should turn my other EAs back on yet or wait till next week... cheers mate

profixtr

Member Since Jan 08, 2017  21 posts profixtr Jan 11 at 14:47
FxMasterGuru posted:


Guru for LOSS

FxMasterGuru

Member Since May 04, 2012  1430 posts FxMasterGuru (FxMasterGuru) Jan 11 at 15:39
profixtr posted:
FxMasterGuru posted:


Guru for LOSS


@profixtr

Thanks for your sharing constructive insight! grin

If you had read the above post of mine carefully you would be aware that my strategy has been profitable each and every month since August 2016. But apparently my post was too long for you read...

Anyway, I see that you have just re-registered with a different user name on MyFxBook, and one of your first actions was to attack me, which means that you must be one of the scammers I have put out of business...

Thank you for your "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
daily5percent

Member Since Oct 17, 2016  7 posts Daily Trader (daily5percent) Jan 12 at 08:04
@aeronthomas

Grid Trading.....
This trader is desperate to minimize his losses.

http://www.myfxbook.com/members/FxMasterGuru/client-6k-1x-risk-varianse/1855457



This desperation can lead to further losses.
Try to control your emotions and things will be fine gradually.
Attachments:

Time is Money
aeronthomas

Member Since Dec 04, 2010  1247 posts Ozzie Matt (aeronthomas) Jan 12 at 09:41
that doesn't mean grid trading necessarily. It's just 2 open trades on the same pair simultaneously. If I saw 5-6 trades opened at the one time maybe, but not 2 trades...

FxMasterGuru

Member Since May 04, 2012  1430 posts FxMasterGuru (FxMasterGuru) Jan 12 at 10:12 (edited Jan 12 at 10:28 )
daily5percent posted:
@aeronthomas

Grid Trading.....
This trader is desperate to minimize his losses.

http://www.myfxbook.com/members/FxMasterGuru/client-6k-1x-risk-varianse/1855457



This desperation can lead to further losses.
Try to control your emotions and things will be fine gradually.


@daily5percent

Thanks for your observations.

Based on back and forward test results - ON CERTAIN PAIRS, like on AUDNZD - the EA performs better by dividing the STANDARD position sizes into TWO PORTIONS.

As you have failed to notice on your posted screenshot the AUDCAD trade size is 0.87 lot. This 0.87 lot size would be the STANDARD trade size of the AUDNZD trade, too.

But - based on the above principle - instead of trading it as a WHOLE 0.87 lot on AUDNZD, I have DIVIDED IT INTO TWO SEPARATE 0.43-0.44 lot orders. In summary: the total exposure on both pairs is EXACTLY THE SAME. So there is no 'desperation', but SMART POSITION SIZING.

Capice...?

I am against GRIDS and MARTINGALES and I have been pinpointing such deficiencies in other strategies for years. Why would I do the same exact thing and displaying it publicly...?

@daily5percent AGAIN:

Please ASK FIRST before showing off how ignorant you are in reading and understanding Trade History correctly.

P.S. Nevertheless, you would be right about 'GRID' if I used the same lot sizes on AUDNZD as on AUDCAD.
Attachments:

Thank you for your "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
FxMasterGuru

Member Since May 04, 2012  1430 posts FxMasterGuru (FxMasterGuru) Jan 12 at 10:21 (edited Jan 12 at 10:40 )
profixtr posted:
FxMasterGuru posted:


Guru for LOSS


@profixtr

This is the account of an investor who had DOUBLED his RISK SETTING just before the Holiday Season drawdown. His timing was really unfortunate and so this account does not reflect the true nature of the EA. But I have not deleted it as ''it is life'', showing ''Murphy's Law'' in action when RISK SETTING is increased too fast.

My personal CONSISTENTLY 1x risk REFERENCE ACCOUNT is the real reflection of what the EA does. This REFERENCE ACCOUNT was profitable in December at +8% and it is already in profit for January at +4.75%:

https://www.myfxbook.com/members/FxMasterGuru/robosniper-1x-risk-reference-account/1883830

Also, my ICM account with the same EA has closed August, September and November in profit when I moved my funds over to VARIANSE due to excessive slippages and spread increases noticed at ICM, probably due to their virtual dealer plugins interfering with the EA. Being B-booked by ICM (i.e. they take the other side of my trades in-house) their desperate 'virtual dealer plugin' revenge is understandable, even though not acceptable.

@profixtr AGAIN: I am puzzled by your malicious statement... Apparently you are a newbie who registered just a few days ago on MyFxBook, and it was a pretty bold action from a newbie to attack the most Vouched member of the MyFxBook community with such a blatant statement... So for that reason: ''You are fired!''

Thank you for your "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
daily5percent

Member Since Oct 17, 2016  7 posts Daily Trader (daily5percent) Jan 12 at 11:42
@FxMasterGuru

Come on guru. you can call it what ever you want but it is GRID... GRID... GRID.

You gotta admit it. You don't know how to trade. You are losing your clients money and giving some bullshit type explanation???




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