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

IXBONE
Dec 14 2015 at 07:34
97 posts
@FxMasterGuru et al.
Just look at your REAL account's screenshot...!! -83% DD on a 100(!) USD account...


again:
every dd calculation offered by myfxbook or the integrated mt4 are always wrong!

myfxbooks calcs p/l from closed orders! read the myfxbook blog, so if you use the ftp publisher with 1440 setting, you cant get the real dd, because there no realtime p/l records! you publish your records once a day...
this is the reason why myfxbook cant calc dd and profit factor correct, if you have 100% winner OR opened order(s) which are never closed!

the only way to get the real drawdown you must record the p/l of the open order(s)per pair to an csv file with following fields!
datetime, newhighopenprofitloss, AccountBalance(), AccountEquity(), AccountMargin(), AccountFreeMargin(), (AccountEquity()/AccountMargin()*100) at each new tick! only the new high must be filed.
all other calculations are hypothetical and display not the real p/l of the current open orders!

so a grid based system can be lower dd in real and a old school trading style with ftp publisher 1440 may have an higher dd as myfxbook calcs!

FxMasterGuru (FxMasterGuru)
Dec 14 2015 at 08:13
1607 posts
@IXBONE

I agree that DRAWDOWNS can be HIDDEN on MyFxBook.

In other words: DRAWDOWNS can be reported as FALSE LOW, but not as FALSE HIGH.

It means that if we see a HIGH DD value, it might be only worse, but definitely not better.

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FxMasterGuru (FxMasterGuru)
Dec 14 2015 at 08:15
1607 posts
feelinvestment posted:
We cant show 3 years of our performance because our old broker close the doors (boston) . But we can show this year and count

https://www.myfxbook.com/members/feelinvestment/signalsoftware30/1387554



Max. DD above 33%...

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FxMasterGuru (FxMasterGuru)
Dec 14 2015 at 08:18
1607 posts
javforex posted:
FxMasterGuru posted:
eNyComics posted:
Well just trying to show some details no need for rudness. Good luck to you!


@eNyComics

1. This thread was started almost 3 years ago .

2. Since then it has reached 56 pages.

3. On those 56 pages there was only ONE strategy which had fulfiiled the stated criteria. Since that strategy was not run at a mainstream and reputed broker, its authenticity is questionable. But lets assume that it was not handcrafted by the broker (I have seen many fabricated 'real' and 'verified' MyFxBook accounts over the past years).

4. In other words: all the other 55 pages are full of b***t.

5. Good luck to you, too!

P.S. What about starting your OWN thread with the title: 'I have been trading for TWO DAYS and I am SUCCESSFUL.'


Just curious, which ONE strategy fulfilled that criteria? Can you share the link pls?


@javforex

This one: https://www.myfxbook.com/members/zarni/3232866/1402173

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IXBONE
Dec 14 2015 at 09:37
97 posts
FxMasterGuru posted:
@IXBONE

I agree that DRAWDOWNS can be HIDDEN on MyFxBook.

In other words: DRAWDOWNS can be reported as FALSE LOW, but not as FALSE HIGH.

It means that if we see a HIGH DD value, it might be only worse, but definitely not better.


yep, therefore all comments, statements, opinion,... are ALWAYS FALSE too!
so why the people talk always about dd? 😲

HolyGrailPTY
Dec 16 2015 at 08:02
120 posts
IXBONE posted:
FxMasterGuru posted:
@IXBONE

I agree that DRAWDOWNS can be HIDDEN on MyFxBook.

In other words: DRAWDOWNS can be reported as FALSE LOW, but not as FALSE HIGH.

It means that if we see a HIGH DD value, it might be only worse, but definitely not better.


yep, therefore all comments, statements, opinion,... are ALWAYS FALSE too!
so why the people talk always about dd? 😲

 Al thought the DD% can be hidden by simply not updating the account when you are in red, the reality is if a manager has his account verified, and opened, then you can easily tell what his drawdown % was :) Let's see who can figure it out.

FxMasterGuru (FxMasterGuru)
Dec 16 2015 at 11:50
1607 posts
IXBONE posted:
FxMasterGuru posted:
@IXBONE

I agree that DRAWDOWNS can be HIDDEN on MyFxBook.

In other words: DRAWDOWNS can be reported as FALSE LOW, but not as FALSE HIGH.

It means that if we see a HIGH DD value, it might be only worse, but definitely not better.


yep, therefore all comments, statements, opinion,... are ALWAYS FALSE too!
so why the people talk always about dd? 😲


Probably we talk about is because if someone runs a profitable strategy on a REAL account for at least 2 years, it is unlikely that he make a serious effort to hide his DD. Most likely he has better things to do than that.

I am curious how HolyGrailPTY could figure out just from trade history what was the real DD...

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HolyGrailPTY
Dec 16 2015 at 12:11
120 posts
FxMasterGuru posted:
IXBONE posted:
FxMasterGuru posted:
@IXBONE

I agree that DRAWDOWNS can be HIDDEN on MyFxBook.

In other words: DRAWDOWNS can be reported as FALSE LOW, but not as FALSE HIGH.

It means that if we see a HIGH DD value, it might be only worse, but definitely not better.


yep, therefore all comments, statements, opinion,... are ALWAYS FALSE too!
so why the people talk always about dd? 😲


Probably we talk about is because if someone runs a profitable strategy on a REAL account for at least 2 years, it is unlikely that he make a serious effort to hide his DD. Most likely he has better things to do than that.

I am curious how HolyGrailPTY could figure out just from trade history what was the real DD...


 I'll tell you, but you have to answer one question first..... How is drawdown % calculated. Once you give me that answer, then I will tell you how to tell if the drawdown listed on a person's account is accurate or not!

Mthiya
Dec 16 2015 at 12:13
22 posts
I posted once here and got automatically subscribed i been reading all ya guys arguments haha. It makes me wonder, are the people who post here traders themselves, successful traders or people are just spending time here hoping that someone will show just that one profitable account? I think this is time wasting at it best. Don't you people have better things to do?

FxMasterGuru (FxMasterGuru)
Dec 16 2015 at 13:07
1607 posts
@Mthiya

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