SharePosts by OnTheEdge
| Previous 1 2 Next |
|
It was very interesting to me that in many forums US Citizens complained about "unfair leverage" with relation to trading contests ( a good example is over at the dailyfx.com forums which is FXCM, their king of the micro contest has one of the biggest payouts each month I've found). There are several threads which go into great details to try and level the lack of leverage available to US traders, which have come about as a result of Volker and Dodd-Frank.
What I found interesting is that 14,000+ old women put together petitions to send to Washington, yet we didn't hear of any onlin......
|
|
[quote]
Raiden posted:
As a doctor, if your patient believes regularly taking arsenic is good for his well-being, would you advise him against doing so? Or just leave him be with his beliefs?
[/quote]
Very true, but it is up to the patient/investor to take the advise. It is much harder in my experience to convince someone they're wrong when they have conviction in their belief. Often easier when when a measurable alternative is presented.
[quote]
Raiden posted:
And the MAR Ratio is strongly dependant on accurate records of drawdown, which with the limitations of MT4 statement repor......
|
|
[quote]
Raiden posted:
So what if it is higher?
[/quote]
[quote]
Raiden posted:
Again, got nothing to do with the instrument.
[/quote]
[quote]
Raiden posted:
Again, it does not matter as long as the same risk-free rate is applied to all the accounts you are comparing.
[/quote]
It matters if potential clients are using it to measure risk because they "Believe" it is a measure of risk.
Nevertheless, I offered an option that truly measures risk or at least the past performance of risk, obviously this wasn't acceptable.
"A clients belief in their system to evaluate ......
|
|
Thought I'd throw in my 2pips worth,
I am in the process of reading "Way of the Turtle" I have just completed a section in which Curtis Faith talks about the Sharpe Ratio and found this very interesting. I remembered this post and thought I'd come back and reread the comments and maybe make a few.
Although many comments seem to be dancing very close to the real problem with the Sharpe Ratio, In laymen terms it is not possible to use the Sharpe Ratio in the Forex market (even though it's being used).
As most who have posted here may understand but I didn't fully grasp, the Sharpe r......
|
|
I agree, 3000% month after month is not sustainable, I thought I pointed that out?
Let's be honest about the 1000 percent gain month after month scenario, if there was someone who could do that, they would have their own broker and would not be using any retail platform available. [wink]
Bill Lipschutz, although he would not provide any numbers, according to the author;
"it has been estimated that his trading alone accounted for an excess of one-half billion dollars in profits for Salomon
Brothers over his eight-year stay with the firm."
"Lipschutz was significantly profit......
|
|
[quote]
Splexin posted:
The short answer is no.
If it were possible, that individual would make headline news and everyone would know about them by now. I have seen someone work hard and double a $25K deposit in 1 month, but 100% gain is not nearly as unrealistic as 3000%.
[/quote]
I disagree only because if you've read Market Wizards or New Market Wizards the author points out that many of the traders are relatively unknown even though they are/where managing 100+ mill.
Bill Lipschutz comes to mind.
A successful trader can remain relatively unknown if they so choose.
|
|
Yes, it is possible to achieve these kinds of results on a regular bases. But I don't know if it can be done month after month with consistency.
However, take a look at this thread over at fxcm they have a micro contest with some nice prizes each month (http://forexforums.dailyfx.com/king-micro-trading-contest/) most of the winners are making at least 1000% return on their money.
The October 2011 winner made over 12,000% for that month.
(http://forexforums.dailyfx.com/king-micro-trading-contest/433466-octobers-contest-results-winner-returns-12-725-31-a.html)
There has been at least 1 or ......
|
|
[quote]
knmtechnology posted:
"Naked" would be considered how the guys that run the daily webinar trade. I'm telling you these guys spend time very morning LIVE in the market analyzing charts and calling out levels for you to watch on all major currencies. Much better than any book. Here is a link... http://t.co/L4vgtc53 look about halfway down the page and you'll see a place that says click here to register. It really would be worth your time and again it is totally FREE and your under no type of obligation for anything and the guy won't spam you. The only email I get is one f......
|
|
[quote]
rlmtrader posted:
[quote]
naked trading?.....no indicators, right?...where is a agood resource for that?
Randall
[/quote]
Look up Hector Deville, learnforexlive the course covers all the basics and advanced methods to using price action. He personally uses no indicators nor does he suggest them.
I've looked at a bunch of different courses and at this point his methods are working for me...
|
|
for anyone interest in how well Ichimoku works this was kinda a test...I may have set the lots to high but the system for the most part trader on it's own...I did try closing out some trades that were in profit but I was wanting to let it run by it's self.
|
