HolyCow's Posts | Myfxbook

Traders Give Birth to a New Idea, premier announcement في المتداولون الجدد Jan 17, 2015 at 10:34

Bob, I agree with you on human condition but it increasingly looks that tiger cannot change stripes. Most probably we are what we are and majority cannot change. I also wonder, even if there is one language, still, people who would learn it as a second language would be coming form different cultural background. IMHO, it is not as much about common single language as it comes to ability to communicate clearly. To avoid misunderstanding and second guesses. I myself always try to write and talk to people as if I deal with imbeciles :) You know, to make sure they understand what I say. As Caesar ...

Real traders في التجار ذوي الخبرة Jan 17, 2015 at 10:33

Ahem, I hope everything is fine here. Lot s of nice looking accounts.

Traders survey في التجار ذوي الخبرة Apr 19, 2014 at 08:48

I will stop posting here. it is a waste of my energy actually. My last post with myfxbook.

Traders survey في التجار ذوي الخبرة Apr 19, 2014 at 08:48

No idea what you mean. I am not looking for financing here. Bob proposed to set such a thread so I decided why not. I put my own data as an example for those who might be interested in survey how to fill it.If you however meant that I am advertising myself for financing , you must be of your medication.

Traders survey في التجار ذوي الخبرة Apr 18, 2014 at 16:08

1. 5 years 6 months.2. ZS-soybeans futures3. Day trader. Starts 9:30 a.m. EST and no new positions opened after 12:10 EST4. Hard stop losses but can close trade before stop hit if trade is not going through in time limit allotted or price action is not what expected.5. Depends and is not always used. Depends upon situation. Can be as low as 1:1 if price going nowhere or less but can be 2-5:1 depending upon situation.6. 0.5%7. Max risk per day is 1%8. Trading 1 contract so not yet.9. Use a couple of SMAs and volume.

5% average monthly profit for at least 2 years (with less than 25% max. DD) في التجار ذوي الخبرة Apr 18, 2014 at 16:08

Trader can be asked to repeat performance for more than one month... by adhering to all parameters and rules. In controlled environment with all positions closed by certain times and daily loss limits it is hard to make. I doubt many of those who show their trading records connected to myfxbook can trade within these parameters or at all. It takes enormous discipline and sound basics to operate within these parameters. i know this. Cause I am operating in this environment myself and see live traders getting funded based upon this.

5% average monthly profit for at least 2 years (with less than 25% max. DD) في التجار ذوي الخبرة Apr 18, 2014 at 16:08

You completely missing the point. What every potential investor needs to look for is not how trader traded years ago for 1-2-3 years all by himself but how trader can operate withing certain prearranged risk parameters with rules agreed upon. How trader is mentally stable and can produce within those parameters where down side is being rigorously controlled and investor can see it day by day.People are being recruited this way into trading companies by the way. If trader is disciplined, consistent and can produce what the problem?If one wants riskless investment he should be looking elsewhere ...

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Apr 18, 2014 at 12:50

I do not like FX markets. Exactly for a reason why some like it. IMHO it is a totally artificial environment and one cannot get for example sudden USD scarcity :) But EA might work better for FX and longer to tell us about how they trade before they crash. Grids and so forth cannot be run on say futures. I have it horrifying to even contemplate what would happen...I do see that large percentage of futures contracts is also being traded by algos. Thanks God I started trading when they already were operating so that I could see them as part of the picture.However, i wonder how markets would look...

5% average monthly profit for at least 2 years (with less than 25% max. DD) في التجار ذوي الخبرة Apr 18, 2014 at 12:50

To resolve this issues I believe the only solution would be to ask trader looking for funding to go on controlled demo account and trade for say 1 month with prospective investor following all trades and trader's behavior during this 1 month. Max daily and overall monthly loss should be agreed upon. Rules must be set and agreed upon and then prospective investor can see how disciplined and good trader is. Those guys with million accounts of which they only show those which perform do not impress me at all. I would love to see disciplined and consistent trader who can control downside and s...

Traders survey في التجار ذوي الخبرة Apr 18, 2014 at 12:50

Hello, I think it would be interesting and also useful for traders who post, visit or advertise themselves here to fill in this survey.1. Years of experience2. Instruments traded3. Preferred stylea. Scalper (few seconds to minutes in trade)b. Day trader ( few minutes to few hours in trade but all trades closed by certain time same day preferably by market close)c. Swing trader (from one to seven-ten days in trade)d. Long term trend followers (weeks, months, years in trade)4. Use of stop losses (hard or mental) 5. Risk to reward if any6. Max risk per trade percentage wise7. Max risk per day per...

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Apr 14, 2014 at 19:02

Bob, you must be wealthy guy. Capital must be substantial in order to be satisfied with 2%. As I am of hungry type I definitely need more. Especially that I have no funds to speak about of and been trading TST Combines to get funded. To get funded with say $50K account trader has to make 7% in 20 trading days with lots of limit reducing parameters and rules not to be broken and also trailing equity stop to add some spice. I did made it this month. 7% on $50K with $60 max DD but was not able to meet target for some 6 months which says it is not easy to make with proper risk control and size. I ...

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Apr 13, 2014 at 19:18

I am not trading FX but here is my input. No EA can be successful long term left as is. Market changes and it might change on a dime within just 1 day. This means any EA should be constantly monitored and market also monitored on daily basis. What exactly EA is? It is crunches for those who either cannot master self control aka emotions or those who do not want to spend time trading. I for example trade and check every trading day after the market close, then every week I test the whole week back ward , and so I do with a month and occasionally just take any month in the past and test it agai...

Stop Limit (pending) orders only في التجار ذوي الخبرة Apr 11, 2014 at 08:46

Stop limit orders is what I am mostly using but not for FX. With this way of execution you will never miss the best trades. It also depends what you are trading. Overall it is good. Limit orders are not always filled and in many markets when price does come back it is rotten tomatoes ;)

EA with over 500% profit in first week في التجار ذوي الخبرة Apr 03, 2014 at 21:30

Silverthorn, my BS is a holy one ;) But I can detect regular BS too https://www.myfxbook.com/files/HolyCow/LOL.gif

EA with over 500% profit in first week في التجار ذوي الخبرة Apr 03, 2014 at 21:30

Kiwa, making 500% in one week shows you have no idea of what risk control is. To make 500% in one week you must be very over leveraged and put heavy bets. I have no doubt you have blown many accounts too. I am not trading FX so I do not have account connected to myfxbook.

EA with over 500% profit in first week في التجار ذوي الخبرة Apr 03, 2014 at 06:23

Ridiculous thread. This Kiwa guy obviously has no clue about risk control. 500%? even if it were true no investor should approach him even with extremely long stick. It doe snot matter even if he makes quadrillion % it is only 100% down and account is blown. I noticed huge volatility on his accounts and new accounts being started all the time. My proposal to him would be to go and try himself at TST-topstep trader Combine where traders are evaluated according to strict risk control parameters. It would immediately put things in perspective. it is what and how much one can lose that matters not...

How many trades have you won in a row? في التجار ذوي الخبرة Feb 10, 2014 at 09:50

More important me think is how trader react to losers and whether trader has some kind of per trade and per day loss limit... Usually it is losing days that determine survival and profitability.

How to improve the odds in trading في التجار ذوي الخبرة Jan 31, 2014 at 09:41

JC, you can run but you cannot hide ;) I mean your stop orders. It is not going to help thinking you will have such a high hit rate that it will cover your loses. The math is not there. If you cannot have bigger winners than losers on average that gonna hurt. Firstly no one knows what market will do next moment. So, you can have a huge losing streaks...with larger stops then take profits you will not be able to recover. High probability trade at one time turns into serial loser next time and then back to high probability winner again with time. Hence, plan should be followed and not to be chan...

How to improve the odds in trading في التجار ذوي الخبرة Jan 30, 2014 at 20:06

JC, r:r is there for a reason, small or big TF it does not matter if one risk 40 pips to make 20 over time he is going to lose. again, everything depends upon strategy. r:r is not taken form the heaven but arrives through back testing of probabilities. one can set r:r 5:1 and lose his shirt. There must be tested r:r over time. first trading plan should have positive expectancy. then other things should be tested. But if there is an edge than r:r becomes important. proven statistically possible r:r going to pull account from DD incurred during bad periods and here another important thing is dai...

I want only a safe 4% each month... Which EA?? Thank you في التجار ذوي الخبرة Jan 30, 2014 at 20:06

Yeah, chop chop shop. I wonder, anybody uses maximum daily loss limit hereÉ

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