5% average monthly profit for at least 2 years (with less than 25% max. DD)

@conorp If i want hide my trades it's my right ! Are you jealous because you can't have better result than mine ? Some people like you want see trade in history to copy us ! Because you don't know to trade alone. And after you come here to do your trader lol

Go away jealous :)
Regards

Im only talking about closed tades. Not open trades. How can I copy historical trades?

If you are genuine, then posting historical trades wont make a bit of difference.

Also, name calling is obviously an attempt by you to deflect the conversation which this site is totally rife with.

Stand up superscalper and be a man. Post your CLOSED trades and prove to us that you are for real. If you dont do that then the conclusion is obvious. Your system is worthless.

@conorp i don't need to do something to proof you something ! I never told i was genuine. I just told, i earn much money with my system since 8 years.

You don't need to see my closed trades. You are too curious, and i don't like how you are talking. You can see my system on myfxbook works since february.

So go to dream about EA and leave me alone :)
Regards

The question remains:

Can you show a LIVE (i.e. real) account showing at least 5% average monthly profit for at least 1 year AND with less than 20% max. DD?

FxMasterGuru posted:
The question remains:

Can you show a LIVE (i.e. real) account showing at least 5% average monthly profit for at least 1 year AND with less than 20% max. DD?

Is that request actually possible? If someone actually had such a system that gave that performance, wouldn't they have found the 'holy grail'?

Where is your pamm account @superscalper ??? Deleted ?! Crash ?!
Regards

SwissManagement posted:
Where is your pamm account @superscalper ??? Deleted ?! Crash ?!
Regards

I guess 'superscalper' is gone forever (he has unregistered from MyFxBook). Either his strategy has crashed or it has become so profitable with large investors that he does not need to advertise it here.

my 1 year old live micro account:

https://www.myfxbook.com/members/victoir86/victor-rodrigues-online-forex-analysis/665346

the 75% DD was due to initial testing phase and I also incorporate a moderate martingale strategy.

Examining institutional traders for example performance isn't indicative of what can be achieved in retail trading. Institutional traders have to achieve results with far larger capital pools than a retail trader and also have to obey certain trading restrictions.

Imagine if you will that an institutional trader is like an oil tanker, large, slow to maneuvre and difficult to stop. Retail traders are more like a speed boat and can easily zip about at will. This gives retail traders a far better chance to make higher returns.

I'm not saying it's easy to make a living from retail forex or achieve more than the best institutional traders, but it's possible. However the ones that do, generally keep quiet about how they are doing it.

Best regards Steve

MasterGuru, I assume your first guess is correct as it has better odds. Large investors are more concerned with how much they can lose than how much they can make.
My personal experience with TST is they give only 4% to lose when playing with their money and same 4% maximum DD for those trading demos to get their live funding until Junior traders prove themselves. They even executed trailing stop on equity for those who on demo and new live traders when trader cannot go more than 4% down from every new equity high.
All trades must be closed by 4:15 p.m. EST too....

FxMasterGuru posted:

SwissManagement posted:
Where is your pamm account @superscalper ??? Deleted ?! Crash ?!
Regards

I guess 'superscalper' is gone forever (he has unregistered from MyFxBook). Either his strategy has crashed or it has become so profitable with large investors that he does not need to advertise it here.

stevetrade posted:
Examining institutional traders for example performance isn't indicative of what can be achieved in retail trading. Institutional traders have to achieve results with far larger capital pools than a retail trader and also have to obey certain trading restrictions.

Imagine if you will that an institutional trader is like an oil tanker, large, slow to maneuvre and difficult to stop. Retail traders are more like a speed boat and can easily zip about at will. This gives retail traders a far better chance to make higher returns.

I'm not saying it's easy to make a living from retail forex or achieve more than the best institutional traders, but it's possible. However the ones that do, generally keep quiet about how they are doing it.

Best regards Steve

You are right, Steve. I am aware that the issue is more complex.

Most (if not all) Forex retail traders are in this 'business' with the goal of making a living. And not just an 'average' living, but a good and generous living (nice house[s], cool car[s], trendy clothes, exotic trips, trophy wife AND all of these: FOREVER). To be able to achieve that 1k, 5k, 20k, 50k but even 100k accounts will not be enough. Not even closely. Just think about it. Maybe with a 500k-to-1M USD account and 50% (STABLE) net annual return (which is DOUBLE of the performance of the best private funds') one can live a comfortbale life. Maybe.

But to be able to do that, first, a trader would need at least 500k-to-1M USD working capital AND a STABLE strategy which brings in 50% per year with stability. Lests think again: What are the chances that a retail trader or an investor with 500k-to-1M funds would take a risk of 30-40% DD? Probably zero. What are the chances that a retail trader with 500k-to-1M USD account can achieve significantly better performance (year in and year out) than the best hedge fund managers of the world (who make MILLIONS of DOLLARS per MONTH just as SALARY)...? YOU DO THE MATH...

So my main point is that to be able able to make a STABLE and GOOD living from Forex a trader needs relatively LARGE CAPITAL and a conservative approach, similarly to the 'big guys'. Of cours no retail trader takes this approach which is why there is no one single strategy on MyFxBook fulfilling the criteria mentioned in the title of this discussion: 5% per month with less than 25% DD for at least 2 years (which 2 years are still far from to be called stable).

It's possible to make more than 50% annual returns consistently in retail trading with hard work, and with compounding the returns soon add up if you can leave some of the returns in the pot. Then you just have to ensure that you keep your profile low with each broker by spreading your profits around.

You generally won't find people on here advertising or releasing the working systems as it makes absolutely zero sense to do so. Here's one for example that meets your twelve month criteria. Whether it's genuine or not I don't know as it's never been opened up to the public.

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

I think it's hard to make a living solely from forex starting from a small balance but it's more than possible to earn a reasonable living with for example $50k. The key is building up an 'oh shit' savings buffer to ensure you get through the hard times, which any self employed person knows is essential.

I think anyone that starts with the idea that they can have a cool car and a nice house is probably going to be disappointed, at least in the short to medium term. Trading is a long term game and you have to pay your dues.

Diversifying into managing other people's money also helps to earn a living from forex.

That or learn to be an internet marketer, pretend you're a forex trader and sell junk to the continuously refreshed ranks of the new traders which is sadly where a lot of the money is made in the retail forex industry. You just have to accept that deep down you probably aren't going to love yourself with that approach.

Best regards Steve

stevetrade posted:

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

 Steve

Is it just me? but when there is a system that performs exceptionally well, incredible stats, incredible returns, incredible drawdown, account/privileges confirmed etc, but then when you look at the broker it's some obscure 'dodgy' broker. I didn't even check www.gibico.com/ as my virus protection software warned me not to open the site.

Donex posted:

stevetrade posted:

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

 Steve

Is it just me? but when there is a system that performs exceptionally well, incredible stats, incredible returns, incredible drawdown, account/privileges confirmed etc, but then when you look at the broker it's some obscure 'dodgy' broker. I didn't even check www.gibico.com/ as my virus protection software warned me not to open the site.

Yes, I concur with Donex. I was just looking at it myself. I have opened the broker's site and it is a 'no name' non-regulated Russian broker... Oh, well... No more comment.

@Donex: 'Hate your losers more than you like your winners' - Well, personally I do like my losers a lot, as they teach me more than my winners.

FxMasterGuru posted:

Donex posted:

stevetrade posted:

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

 Steve

Is it just me? but when there is a system that performs exceptionally well, incredible stats, incredible returns, incredible drawdown, account/privileges confirmed etc, but then when you look at the broker it's some obscure 'dodgy' broker. I didn't even check www.gibico.com/ as my virus protection software warned me not to open the site.

Yes, I concur with Donex. I was just looking at it myself. I have opened the broker's site and it is a 'no name' non-regulated Russian broker... Oh, well... No more comment.

@Donex: 'Hate your losers more than you like your winners' - Well, personally I do like my losers a lot, as they teach me more than my winners.

You would think myfxbook would have some standard for brokers. Surely it couldn't be that difficult to filter out the sketchy brokers.

Well you can like your losers as much as you like, I hate em, the more I hate them, the more incentive I have to try and avoid them.

Each losing trade teaches about something important, and by using these lessons, it is possible to avoid larger losses. It is just a question of context. By embracing the unavoidable losses this way they can be our friends. Also, losses are just part of the game in a statistical equation, so to stay in the game, one has to get used to them.

As someone has stated it well: 'Take care of your losses and your profits will take care of you.'

Donex posted:

stevetrade posted:

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

 Steve

Is it just me? but when there is a system that performs exceptionally well, incredible stats, incredible returns, incredible drawdown, account/privileges confirmed etc, but then when you look at the broker it's some obscure 'dodgy' broker. I didn't even check www.gibico.com/ as my virus protection software warned me not to open the site.

As I said, I don't know if it's a genuine system or not. However the guy is Russian, why would he not use a Russian broker? It's possible he's a genuine trader using a dodgy broker who doesn't realise they're dodgy. I myself have traded with a broker I honestly thought was genuine before only to have it collapse.

The proof as they say is in the pudding. If and when he opens it up then judgement can be made on what the offering is and whether it works. As to virius warnings from websites, I sometimes get security warnings from websites that I know 100% to be legitimate. You might have over eager virus protection.

Best regards Steve

I'm glad to see that this thread has taken a turn for the better. Although many of the information here is highly subjective. The reality is as retail traders, we have much more chances go make higher % return then anyone else. You see traders banking 6000% profit in forex, as institutional traders can't even come close. It truly doesn't matter the account size, as it won't put an actual restriction on the orders which you are able to place. What matters is your being consistent enough to place good trades day in and day out, instead of sitting there in front of your computer all day guessing price action or looking at high tf looking for support and resistance.

Master_Kiwa posted:
 I'm glad to see that this thread has taken a turn for the better. Although many of the information here is highly subjective. The reality is as retail traders, we have much more chances go make higher % return then anyone else. You see traders banking 6000% profit in forex, as institutional traders can't even come close. It truly doesn't matter the account size, as it won't put an actual restriction on the orders which you are able to place. What matters is your being consistent enough to place good trades day in and day out, instead of sitting there in front of your computer all day guessing price action or looking at high tf looking for support and resistance.

Well, actually I do not see 'traders banking 6000% profit in Forex'. Not even 600% (with decent DD, which means that the max. DD is not larger than the average Monthly Profit). Of course, we don't talk about arbitrage DEMO accounts or fancy Martingales. Do we?

So far the only legit strategy fulfilling this thread's specifications has been quoted by @stevetrade (which strategy is running at a no-name, non-regulated Russian broker).

The other option is that those 6000% Forex traders are quietly doing their job far from MyFxBook. Which is possible. However, they are only 'Santa Clauses' for the rest of us. One just has to believe their 'urban legend' success stories.