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20-40% performance fee (with high watermark) for Forex traders
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Členom od Apr 25, 2011 248 príspevkov
Remus Miclea (NextLevelForex)
Jan 15 2012 at 18:13
Chikot posted: I cannot wrap my head over why people use martingale at all. I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned... There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'. Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking. He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Členom od Nov 15, 2011 1 príspevkov
Nafis (imtiaznafis)
Jan 16 2012 at 07:50
Dear Remus,
Yes martingale can be very damaging to an account if not used properly. There are some position which are badly timed which can be saved by this method. Where people go wrong they try to save all position using this which leads to wild draw down. But to save a mistimed trade I am yet to find a better way A Successful speculator bases no move on what supposedly will happen but reacts instead to what does happen |
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Členom od Jan 14, 2010 2186 príspevkov
Chikot
Jan 16 2012 at 10:19
Yes, I completely agree. it's too dangerous.
Losses might get out of hand especially when trader is in losing streak. NextLevelForex posted: Chikot posted: I cannot wrap my head over why people use martingale at all. I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned... There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'. Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking. |
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Členom od Jan 12, 2012 11 príspevkov
Ningaloo Investments (gcardo)
Jan 16 2012 at 13:18
Hi Remus,
If you have a chance, please take a look at myfxbook. http://www.myfxbook.com/members/gcardo/gc1/221880 Patience + Discipline - Greed = Success |
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Členom od Apr 25, 2011 248 príspevkov
Remus Miclea (NextLevelForex)
Jan 17 2012 at 03:08
gcardo posted: Hi Remus, If you have a chance, please take a look at myfxbook. http://www.myfxbook.com/members/gcardo/gc1/221880 He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Členom od Jan 12, 2012 11 príspevkov
Ningaloo Investments (gcardo)
Jan 17 2012 at 11:30
Patience + Discipline - Greed = Success |
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Členom od Nov 10, 2010 24 príspevkov
mysonucat
Jan 17 2012 at 13:02
gcardo posted: Great Remus, Let's keep talking You can also follow me on tweeter @gcardo. since how many months or years you guys are in this business be clear at heart things will work for you |
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Členom od Apr 25, 2011 248 príspevkov
Remus Miclea (NextLevelForex)
Jan 18 2012 at 03:27
(upravené Jan 18 2012 at 03:27 )
nasco posted: STABLE & SAFE FOREX TRADING RESULTS! I also have an account for review by anyone interested in managed forex trading. If you are ready for stable and dependable forex results, take a look at this live account link and review the details carefully. Safe draw down is very low, equity,profit, and balance curves are smooth, and all trades (events) are profitable. Over 7 years of hard work in the forex market has gone into this proprietary automated trading system, not available to the general public, and not for sale. There are limited trading account slots available, so if interested please respond no later than 1/15/2012 to reserve your trading position. Minimum opening account balance is $50,000, so serious enquiries only please! http://www.myfxbook.com/members/nasco/live-account/186575 He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford |
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Členom od Oct 27, 2009 28 príspevkov
Nasco (nasco)
Jan 18 2012 at 04:39
Remus -
You might be right, and then there's always the facts, so keep watching the link. Relax, and Get Paid! |
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Členom od Oct 26, 2009 3 príspevkov
Pedro Grilo - Forex Farmer EA (bfe00325)
Jan 19 2012 at 00:40
Hey guys, i saw you were talking about martingale... well i've developed in last months a EA using pure math and gambling strategies (one is martingale)... it's pretty safe if you follow the rules but if you step out.. ouch! check my accounts here at myfxbook or check my website at www.forexfarmer.net
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