jpkfox's Profile | Myfxbook

jpkfox's profile

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Bio: I started trading about 4 years ago. I have been profitable since 1/1/2008. I am a mathematician/statistician by education and think things statistically as I trade. I do backtesting for my systems (4-9 years). I am constantly improving my systems/money management. I run 5 systems at the moment and planning to add more - this makes profit curve smooth. I have raised one Oanda account from the beginning (1/1/2008) from 330 euros to current (14/8/2010) 3600 euros (+990% profit) after daily trading and after couple of thousand trades done. I am not sure, but propably you can see this result on my myfxbook account by going to the beginning date and combining all my 4 accounts - its a bit complex to do though.. :). My expected drawdown setting for this account has been 30% for the last 12 months. I am joined to zipsignals where you can buy my signals: my nick there is jp70. Feel free to contact to know more about it.
Trading Style: Low risk (normally 20-35 stop loss) big profits (bigger winners are several hundreds up to +1000). I have constantly a big winner running (like at the moment I have long EUR winner running at +658 pips; I started it with -20pips stop loss/risk). I normally let the profits run and trailing the stop loss. I trade breakouts and bounces from critical price levels. I use MT4 to see the price and I use one indicator on it. I trade short term trades (hours) to long term (many weeks). I have 5 different systems atm.
Motto: "Freedom is a paradox; To be free to play beautiful music, you have to submit to the rules of music."
Experience:	3-5 Years
Location:
Vouchers:
Registered:	Aug 02 2010 at 09:47

Recent Posts All

In Drawdown by balance. Oct 27 2010 at 16:23

Sorry, one more message. :) I just want to "prove" finally here that its not good to calculate drawdown by equity. I will show an example to illustrate... tihs time a trader who trades ev...

In Drawdown by balance. Oct 27 2010 at 11:57

ok, np. Ye, I have like 50% drawdown for this year here even though its been going excellent this year. According to my calculations I have had about -28% DD max this year. Its a very important thi...

In Drawdown by balance. Oct 27 2010 at 10:03

:) , No I did not miss the point. The point was originally, that myfxbook seems to calculate the drawdown using purely/only equity. And then in my example I tried to demonstrate how this kind of calc...

In Average holding time -> looser/winner Oct 27 2010 at 09:55

But on the other hand, having a losing trade long time is not necessary a bad thing if it goes according to trading plan. Like lets say somebody has a system with stop loss of 100 and aiming for > ...

In Drawdown by balance. Oct 27 2010 at 06:06

[quote]ECMartin posted: In this situation, the drawdown wouldn't be -50%. It would be 0%. [/quote] Yes, I agree, but the point is that is we used equity as a measure to calculate the drawdown th...

In Drawdown by balance. Oct 26 2010 at 14:06

"Doing draw down according to balance makes absolutely no since. " I did not say it should be done according to balance! I said: "minimium of balance/equity". Its totally differen...

In An option to combine two or more accounts Oct 20 2010 at 23:01

I use Oanda where hedging is not possible on one account. So I have to do my long trades on a different subaccount then short trades. To see my real results these 2 accounts must be combined. So a p...

In Drawdown by balance. Oct 20 2010 at 22:50

In Drawdown by balance. Oct 20 2010 at 22:43

Why is drawdown calculated by equity? I think it should be done according closed trades which is balance. Or if equity goes negative then by equity. But if equity is positive I think its wrong to take...

In Arbatov System Sep 21 2010 at 18:14

I dont think the amount of money/investors matters here, because its percentage the growd... so all investors would get the same result.

Chart

Systems

Name	Gain	Drawdown	Pips	Trading	Leverage	Type
Sys1_Short	226.42%	29.34%	10853.5	Manual	-	Real
Sys1_Long	-88.61%	32.45%	-2735.9	Manual	-	Real
MultisysShort	479.17%	54.88%	4607.1	Manual	-	Real
MultisysLong	313.48%	66.57%	-771.1	Manual	-	Real

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