FxMasterGuru's Posts - Page 2

ESMA and its implication in General Jun 07, 2018 at 06:21

This whole ESMA regulation will simply fire backwards and REALLY BADLY, as it will only push retail traders to sign up with unregulated off-shore brokers who will be very happy to provide not only 1:400, but 1:500 or even 1:1000 leverage because their clients will never see their funds again anyway... But of course, it will not be the problem of the EU anymore.Personally, I was a victim of a New Zealand registered and "regulated" broker who had offered the BEST conditions, the BEST leverage (even 1:1000), the BEST EVER no-slippage ("in-house") executions, then after colle...

Show your profitable account here. in General Apr 19, 2018 at 10:51

@sjkhaushu Good points. I guess, only the future will reveal the answers to your questions.I would add that the January-February period shows that the trader DOES take SMALL LOSSES when the situation warrants and does not let floating DDs to accumulate, so I would argue with the ""the DD will definitely get larger"" statement. The acceptance of small losses shows good risk management supported by the fact that the ""Average Win"" is 125 pips while the ""Average Loss"" is only 50 pips with a 1:1 ""Win : Loss"" Ratio...

Show your profitable account here. in General Apr 18, 2018 at 19:57

Agree, and I would go even further: It is BETTER than ""good"".The statistical parameters are excellent in all regards. One of the best strategies on MyFxBook.

Show your profitable account here. in General Apr 13, 2018 at 07:09

@dWaverFX You have NO vouches on MyFxBook, whatsoever, and you have NO live strategies under your name, whatsoever, MEANING that you are an absolute rookie. Thanks!

Show your profitable account here. in General Apr 11, 2018 at 13:46

@MM777 Your results are much-much better Hoang... So I don't understand why you praise a strategy which has not produced ANY profit for 18 months...Anyway, YOU deserve the "cheering" much more.

Show your profitable account here. in General Apr 09, 2018 at 06:10

@SaltyWaters 40% per year for 10 years ""on the other account""...? Yeah, right...! That is why you are posting your almost no gain account... Logical...

Show your profitable account here. in General Apr 08, 2018 at 06:14

ZERO net profit since OCTOBER of 2016... So it is hard to justify the invested time and energy.But on the bright side: The account is still alive after two years! 😄

Show your profitable account here. in General Apr 06, 2018 at 14:18

@challenger When there is PROFIT with NEGATIVE PIP COUNT, it is MARTINGALE until proven otherwise... (I am not aware of any other technique which loses lots of pips, but still able to make net profit.)Open your Trade History OR Accept the Ruling...

Show your profitable account here. in General Mar 13, 2018 at 09:20

@mikekhod I do appreciate your respect and I do understand your concerns, however, ""Togr"" and me got our HIGH VOUCH SCORES exactly for the reason you mentioned: i.e. for pointing out weaknesses or major flaws of posted strategies and exposing scam accounts. So unlike you, most MyFxBook members DO APPRECIATE our insights and critiques, and that is why they had rewarded us with their vouches.So why do members APPRECIATE our posts...?Well, because our evaluations have saved numerous newbies from making costly mistakes by signing up for DOOMED ""account management&q...

Show your profitable account here. in General Mar 12, 2018 at 14:33

@togr You are right. Weltrade is a Belize registered (""regulated"") off-shore broker, so just this fact is enough to raise suspicion when an account shows 100 wins out of 100 trades... So probably these results are ""hand-crafted"" to lure in new clients to run the ""Holy Grail"" strategy available only through this broker...Nevertheless, even if these results were shown on an ASIC or FCA regulated broker account I would be highly suspicious of hidden major DDs easily achieved by simply disconnecting the account from MyFxBook while t...

Show your profitable account here. in General Mar 12, 2018 at 09:31

This one is tricky... 100% win rate (100 win out of 100 trades) with only 5% DD... But don't fall for it.This account is probaly a Grid or a lucky "Hope & Pray" strategy which is DISCONNECTED from MyFxBook during drawdowns.The account's last update was on March 02, i.e. 10 days ago, so probably it is in a major DD, and waiting for the recovery when the trade(s) will be closed in profit and the account will be reconnected to MyFxBook showing another picture perfect win with minimal DD...

Show your profitable account here. in General Mar 12, 2018 at 09:31

@arpan366 Well, my only observation - since you asked - is that the longest running account (without any ""broker error"") has not made ANY net profit since September of 2017, i.e. for the past 6 months. Is it good...? I am sure about that, but definitely better than losing...

Axitrader in Trading Systems Mar 09, 2018 at 09:09

Fabrizio is long gone after hundreds of subscribers have lost more than a $1 Million collectively with his signals on MQL5.

Show your profitable account here. in General Mar 09, 2018 at 09:06

@AlphaSkyCapital Welcome to MyFxBook and thanks for introducing your strategy in this thread!All performance data show an excellent start for a potentially institutional grade strategy. Congratulations!My only reservation at this point is the relatively small sample size for statistical significance (179 trades over a 5 months period), but it is NOT a weakness of the strategy, just an observation.

Show your profitable account here. in General Mar 09, 2018 at 09:04

@Yazzitsu Thanks for opening the Trade History. Unfortunately, there is evidence of ""Martingale"" in the trade history. (It is obvious, even if the lot sizes are hidden)....and as our ""Thread Founding Member"" has stated in Post #1: ""5) No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate).""So I have nothing to add, other than the strategy does not meet the criteria of this thread.

Show your profitable account here. in General Mar 08, 2018 at 14:46

Maybe you have not realized but your broker is NO LONGER regulated by the FCA...In other words: Probably it has done something ""fishy"" to lose its status with the FCA...No surprise, because this broker is registered on the Seychelles Islands, and as we all know, there are lots of ""fishes"" on the Seychelles... And where are fishes, there are usually ""fishy"" things going on...https://www.myfxbook.com/files/FxMasterGuru/WeTradeFx.jpg

Show your profitable account here. in General Mar 08, 2018 at 10:58

@Yazzitsu Welcome to the ""Lions' Den""! 😁Well, the performance parameters look OK on the surface, however, the hidden Trade History raises some concerns.My main concern with the displayed graph is the RAPID EQUITY and PIP DIPS (i.e. drawdowns") with subsequent RAPID RECOVERIES which are usually seen with GRID and Martingale strategiesm which are ""NO-NO"" in this thread (if you have a look at Post #1).Also, the small monthly profits (1.98%) with the small max. DD (4.01%) are HALLMARKS of GRID strategies, which are usually allowing adeq...

Show your profitable account here. in General Mar 07, 2018 at 12:02

Very nice, indeed. Strategy fullfills ALL criteria stated in Post #1.Congratulations, Anvar!

ManhaTTan Club in Trading Systems Jan 31, 2018 at 08:34

If you are looking for investors, you should reveal how much "skin" do you have in the game and show the actual lot sizes - at least -, but preferably the equity, too.Otherwise, the overall performance parameters look pretty good (assuming that the account is connected to MyFxBook 24/5, i.e. not disconnected during drawdowns). Congratulations!

StableLiveTrading in Trading Systems Nov 26, 2017 at 13:19

Why no update since November 9th...?I guess account is in deep DD, and connection between MT4 and MyFxBook has been tuned off while waiting for DD to turn into profit.It also explains the above-mentioned extremely low (and probably fake) DD.

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Posts by FxMasterGuru