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

FxMasterGuru (FxMasterGuru)
Apr 10 2015 at 08:20
1607 posts
forexpipcatchar posted:
Here is something for anyone here to consider since you are sure and very sure there are others producing good results over an extended period....
Go to the mql5 forum there is a signal section where you can filter out signals.
Filter these signals, have any system running for at least 104 or more weeks regardless of profits or DD this will give anyone with brain a clear picture. Now if you were to add the DD filter and min profit filter which you don't, it need that makes things worse. i.e UNACHIEVABLE for the min 5% p.m with low DD over a period of time.

So any suggestions why? lol


It just confirms the practical conclusions of this thread.

Until proven otherwise we can conclude that THERE IS NO (non-grid) STRATEGY ABLE TO FULFILL - even the less than optimal - CONDITIONS MENTIONED IN THE TITLE.

It clearly shows the slim statistical chances of "Average Trader Joe" making a living from Forex profits.

But who makes the profits then...?
1. Brokers and their licencing authorities.
2. Liquidity providers
3. Metatrader and other trading platform provider companies
4. IBs (introducing brokers)
5. VPS providers
6. EA programmers
7. "Holy Grail" EA marketers and signal provider "gurus"
8. Websites (promoting EA marketers, signal providers and brokers)
9. Commercial banks, Skrill, etc. on fund transfer fees
10. Trading book writers and publishers
11. Online trading course and seminar promoter "gurus"

That much about the so-called "Zero Sum Game" of trading... In other words Forex traders support the profits and living of all the above groups from they hard earned paychecks (pension, heritage, business proceeds, etc.).

Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forexpipcatchar
Apr 10 2015 at 10:23
73 posts
There is no question about your precise conclusion FMG. So is it possible to make money with certainty in forex ? YES!
If you are one of the eleven points you outlined. However, you can still make small profits using other peoples money like Togr does which is a smart way to take from the less accomplished.

drago
Apr 10 2015 at 12:59
71 posts
nice summary FxMasterGuru 😄. guys what do you think is possible, if one deviate slightly from the title - 5 % but with at least 30 % DD?

forexpipcatchar
Apr 10 2015 at 13:53
73 posts
drago posted:
nice summary FxMasterGuru 😄. guys what do you think is possible, if one deviate slightly from the title - 5 % but with at least 30 % DD?


Here's a mathematical formula to help you understand your system ...
'DD' is inversely proportional to longevity.

So huge DD can only means one thing....

Mthiya
Apr 10 2015 at 17:12
22 posts
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks

CrazyTrader (CrazyTrader)
Apr 10 2015 at 23:10
1718 posts
Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks


Hi,

good strategy so far... Stick to it!
You simply need to increase lotsize... without changing anything.

forexpipcatchar
Apr 11 2015 at 00:52
73 posts
Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks


Hmmmm it's a good strategy, actually one of the safest on here so far BUT I can see few issues which crazy couldn't see, then again I'm sure he is short sighted lol
1) It's a demo account i.e no emotion involved (it counts for nothing unless you can replicate it LIVE)
2) No SL per trade which implies whole account at risk
3) In almost 6 months of trading your reward was 5% with very low risk

So a forecast of your performance would be in 1 year you would make approx 10% right?
Such a high risk for very little return...now if you were a millionaire with $10mill to invest, would you invest in this strategy to get 10% p.a. OR invest the $10mill in real estate for a guaranteed 8-10% p.a?
To invest and risk money the reward needs to be substantial but not at a ridiculous level like gambling.
You get what I'm driving at right? If you have no clue as to my intention you are never going to make money by investments UNLESS you got lucky!

CrazyTrader (CrazyTrader)
Apr 11 2015 at 05:57
1718 posts
Do not care about previous post. He is always like that.... I have been living in Australia for 2 years and I can tell this guy is far from the most layback Ozie man.

1)
Trading live or demo... it's trading in REAL life. The one who says trading demo doesn't involved emotions is a liar. After 7 years of trading, I still trade demo where some of my trades are replicated to my live accounts. It doesn't matter, demo or live trade brings me emotions.

Let's say:
You are up 50% in demo account and you say 'This coud be real money'... It may be unconciens, you just describe with words the emotion you feel.

Everything you do in real life, you experiment emotions. Let's say:
You are watching a movie, this is demo life... as it's not real life only a movie. It doesn't matter, it can affect you.

2)
I guess you mange SL by monitoring market.... or it is set to 200 pips.

3)
He couldn't even notice your own question by increasing risk.... I would say by 10 so DD could be below 20% and therefore gains > 50%

So yeah.... keep the great work, and only read comments by experience traders... At least they know what they are talking about.


p.s:
By the way I really wonder why ForexPipCatchar has deleted his account to create a new one?... let me guess? He blew his accounts with SynergyFx..... seen by 'a short sighted person'? LOL

FxMasterGuru (FxMasterGuru)
Apr 11 2015 at 09:50
1607 posts
Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks


Good start with ambitious plans.

Not to take your enthusiasm away, but to place your goals in perspective:

1. Trading is 80% psychology, which challenge you wiill experience only when trading on a live accountl. So instead of a demo trading try to trade on a small (even cent), but LIVE account. It would immediately introduce you to the challenges of "trading psychology".

2. If you read this thread from the beginning you will understand the STATISTICAL chances of making a living by Forex trading.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
ScalpingRus
Apr 11 2015 at 09:52
116 posts
forexpipcatchar posted:
Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks


Hmmmm it's a good strategy, actually one of the safest on here so far BUT I can see few issues which crazy couldn't see, then again I'm sure he is short sighted lol
1) It's a demo account i.e no emotion involved (it counts for nothing unless you can replicate it LIVE)
2) No SL per trade which implies whole account at risk
3) In almost 6 months of trading your reward was 5% with very low risk

So a forecast of your performance would be in 1 year you would make approx 10% right?
Such a high risk for very little return...now if you were a millionaire with $10mill to invest, would you invest in this strategy to get 10% p.a. OR invest the $10mill in real estate for a guaranteed 8-10% p.a?
To invest and risk money the reward needs to be substantial but not at a ridiculous level like gambling.
You get what I'm driving at right? If you have no clue as to my intention you are never going to make money by investments UNLESS you got lucky!


  Very well said. So many people believe that "Demo trading" is like regular trading, when the reality is it isn't. Also many managers claim to have an "EA" when they don't. I've even seen managers have an EA and override the order, and end up margin calling the account. We've also seen how well crazytrader has done trading in demo, and he wasn't able to keep his client for more then 3 weeks.

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