SharePosts by gerald325i
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I did come come back ;)
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Well, shit happens! Lost 99% of this account. And it was doing so nice! So to recap: started with 7K, withdrew 7K to start another account...they both got up to 16K and and 15K respectively and then I lost 16K here. Total to date: 15K...so, that's 100% profit...just a lot of time wasted.
To those who wonder why: I was trying a new setting with a new set file for EURAUD...and it had done great on backtests...so much for backtests though...
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Well, this is where Demo testing gets the name...just realized the equity protection setting was set at 10% dd...do had an unexepcted 10% loss. ouch!
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Not a problem, and I do understand what you meant and yes, levels do pose a problem with margin and drawdown, hence limiting the lots and trading cautiously pays off.
No you did not offend me, although some people here like to come and bash systems with the idea of promoting their own strategies, so I tend to overreact to -even- constructive criticism.
But yeah, I'm interested to see how your project develops in the long run!
Good luck
Gerald
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Looks like your risk appetite is 2 months worth of history data on your 20% a month EA shown with a 500% leverage but offered in a PAMM with 200% leverage, not the same results I would suspect...but we all trust our own systems don't we?
Good thing is, I'm openly showing how I've taken my mom's initial $7K to $15,971 in 7 months...and I don't gamble with mom's money!
AND I find the name martingale offensive, as this is a pretty good scalper for anyone looking at around 80% winning average. It just uses levels as a safety net WHEN things don't go right.
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Good point, a backtest should be done with attainable and average spreads, not with the best case scenario which would be unrealistic. Also, the modeling quality is 90%, I would like to see tick testing at 99%.
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All my referral links are in: www.torinofx.com under "forex training 101"
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Sometimes it's better to cut your losses than to drag yourself down: I just decided to cut my EURUSD basket at a loss of about $460...about 3 days worth of profits...but better than a whole month!
My take profit was too far up and I risked more losses on the downside, so I'm happy with my decision although not happy with the loss.
GBPUSD still has a large basket, but I expect the correlation of the cable to break down from the Euro at some point as it becomes a safe haven currency.
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This account is set to recoup every cent lost. That will happen when EURCHF hits 1.25539. Until then, don't be shocked by the red line going down :P
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BLUF: To all those who were following the initial PAMM, I have deleted old posts because I do not want somebody else's free advertisement on my system, be advised that I will delete any idiot who comes here to post his own system. To anyone thinking that the missing old history is a way to be less than transparent, then it all depends on how well you know what transpired. So to be transparent, here it goes to anyone new:
This PAMM was just about to get started with funding from 3 investors plus myself, and funding was not entering the account. FinFX failed to tell me that in order for the m......
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