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NextLevelForex

Biedrs kopš Apr 25, 2011  262 ieraksti Remus Miclea (NextLevelForex) Sep 04 2011 at 01:50 (labots Sep 04 2011 at 01:50 )
SaltyWaters posted:
I don't want to connect my platforms to Myfxbook because how do I know if there isn't a script that will read all my MT4 folders and copy my code.


Thanks for the details, it makes more sense now.

About connecting to myfxbook: they recently added a new way of publishing your account, where you only need to give them the investor password. No more running anything on your computer! I'm using that for all my accounts, and even though it's in Beta, and sometimes the accounts do not update as expected (every 5 minutes), I really like it since I don't have to maintain my MT4 for myfxbook EA, and use VPS resources for it.

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

Biedrs kopš Apr 25, 2011  262 ieraksti Remus Miclea (NextLevelForex) Sep 04 2011 at 02:01
copett posted:
Is my calculation correct??

Pip expectancy : 13463/500 = 26.92
Expectancy ratio : 26.92/60.45 = 0.44

It's good or bad trades??


I checked and yes, your math is correct :)

And just by looking at those 2 metrics, your account performance is very good. I added it to my watch list, and will contact you with more questions, should I decide to consider it for my portfolio.

Thanks for posting, and enjoy your weekend!

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

Biedrs kopš Jan 14, 2010  2196 ieraksti Chikot Sep 04 2011 at 02:03 (labots Sep 04 2011 at 02:15 )
.

Chikot

Biedrs kopš Jan 14, 2010  2196 ieraksti Chikot Sep 04 2011 at 02:04 (labots Sep 04 2011 at 02:15 )
.

NextLevelForex

Biedrs kopš Apr 25, 2011  262 ieraksti Remus Miclea (NextLevelForex) Sep 04 2011 at 02:15
Chikot,

I would like to know how did you see that trades went against him by 500 pips. Did you find him on InstaForex PAMM, where the equity is correctly calculated, not like on myfxbook? Or simply looked at the trades that took a long time, and checked the charts?

About leverage: InstaForex lots mean 10 times less than on 'normal' brokers. So the first trade, with 1.00 lots on EURUSD, means 1 minilot, not 1 full lot. Even 1 minilot is too much for that account, but only the first trade was like that, and I assumed it was a mistake when setting up the EA or entering the trade manually. Since that first trade, I could only spot 3 more trades with 1 minilot, all in the first two weeks of trading. Everything since then was done with 1 or 2 nanolots...

At this point I'm just collecting pointers to supposedly good systems. I'm going to watch them for a while, and if the performance holds, analyze them in more detail. But even at this early stage I appreciate any insight other people, like you, can offer on the systems discussed here.

Thank you very much!

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

Biedrs kopš Jan 14, 2010  2196 ieraksti Chikot Sep 04 2011 at 02:28 (labots Sep 04 2011 at 02:29 )
I noticed another account.
Here the screenshort. I noticed some trades were on for days and were closed at small profit or loss. so, i went to gbp/usd chart and checked on time of open and close and what price did in between. price went on few trades pretty far against the trade and more was added. then trades were closed for less loss.
I have been trading long enough to look for such things.
It means no predetermined stop.
last trade had huge leverage. 55 pips 65% + , but it could go another way...
trade that was on 13 days went against position about 500 pips.

<a target='_blank' title='ImageShack - Image And Video Hosting' href='/'><img src='' border='0'/></a>

Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>

Chikot

Biedrs kopš Jan 14, 2010  2196 ieraksti Chikot Sep 04 2011 at 02:32
I think due diligence here is important for all involved. Trader should learn as well from others mistakes.
I have my own flaws but I do cut my losses quickly.
I am working on trade quality and hit rate and obviously patience to wait for those.

copett

Biedrs kopš Oct 21, 2010  37 ieraksti Bean Buffet (copett) Sep 04 2011 at 03:01
Chikot, Remus,

Thanks for touching me :)

Okay, let me explain about my trading. Both of you are right. My system need 30.000 pips to work, I use 8 EA's so I need much balance. If Chikot see my trades against me 500 pips, he was wrong!! Absolutely my trades againts me more than 2000 pips.
You can see, on middle August my system bring me down for about 10%.

-Balance $486, equity $440....... so I'm in floating $46.
-lot : 0.02(insta)=0.002 (standard broker)
-Total floating pips : $46/0.02= 2300 pips

If you see my system had large floating minus, you are right. The most important how to keep the equity, not how much floating in pips. Every trader has different strategy :)

Regards,

copett

ZOMBIE hates my neighbour!!!
SaltyWaters

Biedrs kopš Mar 22, 2010  191 ieraksti SaltyWaters Sep 04 2011 at 03:56
Just a little curiosity about my system:


<a href='' target='_blank'><img src=''/></a>




Starting with $20,000 and compounding at 12% per month after 5 years (60 months) one will end up with $17.95 million.
And if one takes 10% of the profits every month will end up with round about $10 million

This is no guarantee of course and the settings can be adjusted to be safer or riskier according to ones taste. The size of the lots increases gradually with the Balance

I started with 3 accounts (Real Accounts) with a total of $8500 in March 2011 and my 3 accounts are now at $22500



Cheers,

Salty
Pielikumi:

Only individuals have a sense of responsibility. – Nietzsche
CuongVC

Biedrs kopš Oct 01, 2009  119 ieraksti Cuong (CuongVC) Sep 04 2011 at 03:56
You are right Copett, regarding equity not pips.

If you can proof that you can make money grows, tons of money will flow to you.
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