Posts de Damon - Page 3

FundsForexManaged dans Systèmes de Trading Mar 23, 2011 at 08:48

I have left this system where it lays, because in the end regardless of the problems this account had I blame it on myself and the system I employed, I should never have used a system that if it went wrong would lose that much of the account.I have started a new account with a completely different system: http://www.myfxbook.com/members/Damon/100000000-challenge/96131

$1,000,000.00 Challenge dans Systèmes de Trading Mar 23, 2011 at 08:43

Hi Raiden,First of all that is a hideous picture.But thank you for taking the time to build the table, I use a compound calculator: http://www.moneychimp.com/calculator/compound_interest_calculator.htmI would be very happy to hit $1,000,000.00 in 3 years, that would be 25% per month :)I cannot adjust the leverage after I have created the account, but please explain your concern, I don't think I understand.I will ask my broker about Max lot sizes, thank you for bringing that to my attention.Damon

$1,000,000.00 Challenge dans Systèmes de Trading Mar 23, 2011 at 01:57

Here is a picture (attachment) showing nearly uninterrupted trading with the EA, Those ranges it created (blue and red) were created before it bounced around inside it. You will see I manually closed the last buy, there was 3 of them, you can see how much profit the EA leaves on the table in the moves (I have not figured a way to capture that last bit of profit at the top), but because it can stack the trades up it can actually make more more pips than the whole move was, for example in back test I had one position make 400 pips out of a 300 pip move of the market because it had multiple posi...

$1,000,000.00 Challenge dans Systèmes de Trading Mar 23, 2011 at 01:05

fxuma. cool :)duzyfx. I probably could, I don't know, it would be very confusing because I'm manual trading and running a few other EAs in my account, plus I learned a valuable lesson in the middle of this 2 weeks when I left the chart that had this EA on 1 minute (instead of 1 hour) and it started making little 1 minute ranges and trading them with one hour settings. I lost 20% of my account in 10 hours. I did not know the EA re-initialized when I changed the time frame. So I would have to explain these things and it would not really be any good as proof... that's why I am doing ...

$1,000,000.00 Challenge dans Systèmes de Trading Mar 22, 2011 at 09:34

It does not do anything when in the range, it just hangs out, when range breaks it takes a trade.It loves a trending market, and does nothing when bangin around inside the range, it's only way to exit the buy positions is when it sells and vice versa.The trading system is very simple and based on Nikolas Darvas's book "How I made $2,000,000.00 in the stock market" It will pile up trades if ranges keep breaking in the same direction, you'll see. But that does not mean it is flawless, far from it. But it has made me 100% in 2 weeks live and has good although choppy back tes...

$1,000,000.00 Challenge dans Systèmes de Trading Mar 22, 2011 at 08:04

Hey Dmitry! Long time no speak ! How are things with you?Damon

$1,000,000.00 Challenge dans Systèmes de Trading Mar 22, 2011 at 04:20

The proprietary EA (robot) that runs this account is using a custom indicator, it takes awhile for it to start as it needs to find a range to to trade, once it starts making trades it will rarely be out of the market.Please feel free to comment and question.Damon Hunthttp://fundsforexmanaged.com

FundsForexManaged dans Systèmes de Trading Jan 09, 2011 at 21:20

Graph is updated with both losses, I stopped sending updates now as it is just funds coming out of the account as the account gets dismantled.

Weekend-Gap-Trader dans Systèmes de Trading Jan 09, 2011 at 21:07

I bought this EA a month ago and have not had any trades happen on it... I am sure there must have been a trade with the gap today.Damon

FundsForexManaged dans Systèmes de Trading Jan 07, 2011 at 00:46

WOW !I have gotten to the bottom of this problem.The brokerage actually admitted something, I think that my be the first time in the history of brokerages:😈Dear Mr. Hunt,Thank you for your waiting.We've got the following answer from our backoffice specialists:Since you are trading large volumes (1 million and more) on your PAMM account, your orders are executed by the dealers manually. In this regard, the execution of market-requests is increased to 5-15 seconds (in a quiet, liquid market) or more (in terms of high volatility or low liquidity market). Typically, such delays do not ...

FundsForexManaged dans Systèmes de Trading Jan 06, 2011 at 10:43

Hey Speki,You are not seeing the updated Graph. This was TWO trades that hit hard stop. It will be near +20% I think when it updates.If I did get slapped, I got slapped twice in row on different days, HARD.I lost almost $10,000.00 on 2 trades, that is unacceptable.

FundsForexManaged dans Systèmes de Trading Jan 06, 2011 at 08:44

I have been back for a couple of days now. I have been in talks with my brokerage about the problem with the PAMM, they assure me it is the same server as my regular account. So I am really wondering what happened now.They tell me it was network problems or logic problems that made this happen. I disagree, I sent them my network status for the period, and showed them the same trades happening in another account, same server, same robot, but the trades exited correctly for small gains. The only difference is the PAMM.So I have been escalated to another specialist (They already told me I had bee...

FundsForexManaged dans Systèmes de Trading Dec 31, 2010 at 22:10

Hi Ablanchi,It will update as soon as I turn MT4 back on. I apologize, I have been an island for the holidays I have limited access to the internet. I wanted to update about this sooner. I closed the last trade manually and turned off MT4.I am extremely embarrassed about the recent failure and collapse of this account. I want to give an explanation in full as to what happened and also what I am going to do about.You and 2 others were hurt badly -50%. I am glad it was for so little money. My best friend put in $2000 before this happened. I feel horrible. The rest of us are at break even plus or...

Former MANAGED Account dans Systèmes de Trading Dec 19, 2010 at 09:35

Hi Wayne,If you are interested you could open a managed account at my brokerage, as much I would hate the competition :) I would love for my clients to have good investments, and not all their eggs in my basket. One basket is not diversification. I would also like to diversify myself. Most of my clients are friends and family so this would be greatly appreciated.My Managed account just took a massive hard stop draw down, after investigation it seems that money going in and out of my account screwed up it's logic (Actually froze it's logic as it was outside parameters, I did not have t...

Forex-Breakout-Genius dans Systèmes de Trading Dec 16, 2010 at 08:43

Damn,first trade, full stop loss.Well, at least my luck is holding :)No prob Popko.

forexavatar dans Systèmes de Trading Dec 16, 2010 at 04:18

Hi ForexAvatar,OK cool, I like that much better.Can't wait to see it's performance with REAL money :)

Weekend-Gap-Trader dans Systèmes de Trading Dec 16, 2010 at 02:30

Hi Popko,Is it possible you could update in here what happened?

Forex-Breakout-Genius dans Systèmes de Trading Dec 16, 2010 at 02:29

I bought the EA, I think I put it on too late for a trade last night :( Lets see how it fairs tonight. :)

forexavatar dans Systèmes de Trading Dec 15, 2010 at 12:52

Forex-Avatar,I like your EA, I do not personally like the idea of signals, but I understand why you want to use them, their is 0 security for an EA. I have private EAs that I would not allow anyone EVER to use... signals might be a way to get around that if I wanted to make an extra buck.I do like the idea of cheap monthly fee signals with a free trial period, that's the way it should be, it shows that you actually think you will be making that monthly payment from your subscribers for years to come. It shows great confidence in your EA.You know, a free trail period and 20 bucks a month an...

FundsForexManaged dans Systèmes de Trading Dec 15, 2010 at 12:33

I wonder if they were working together fine until they tried to communicate through the same port at the same time or something, anyway, easy fix.

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