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Anyone Trading For A Living?
Member Since Feb 22, 2011
4573 posts
Jun 13, 2013 at 13:30
PipTeacher posted:
Ok!
Let me answer some of your questions.
I am from Croatia. As I allready said I am new here therefore I don't have many trades.
When I was talking about my search for "zero" risk I didn't mean to become 100% right with my trades.
Instead I have calculated my average Risk/Reward ratio (Profit Factor)
If you can get Profit fator 2 that means trading without risk and that is very hard to achieve.
I know that there are planty of EA-s out there with more than PF: 2.
Only problem with those EA-s is their chances!!!
Let me explain:
They take large risk (for example: 1000, maybe 2000 or perhaps 3000 pips) and then they scalp the market.
Everthing is good with their trading and PF is more than 2, till huge loss showup!!!
Therfore I had to find a way to get my chances right!
Now I have acomplish that and here are my chances:
Chance to make huge DrawDown from -1.38:1 to -2.7:1 is only -5.5%
Chances to make a negative DrawDown wich is -1:1 to -1.38:1 only 13.8%
Chances to make from zero profit to 2:1 profit is round 36.4%.
Chances to make profit with money managment 10:1 to 3:1 is 27.7%
Chances to make profit with money managment 3:1 to 2:1 are 16.6%
As you can see I have DD all the time!
You see PF:2 is considered like trading without risk only by chance 50:50!
I have never succed to get that!
Instead I had to adopt my chances!
Now my chances over the long therm trading are :
Profit Factor: 1.5
Chance to earn or get even are greater than 50:50 ( chance to make a loss only round 20%)
Therefore if I have chance 60:40 and PF:1.5 it is same as PF:2 with chance 50:50
I appriciate the critics as well !!!
I am sorry I do not understand your numbers above.
But simply looking on your account
- your drawdown is almost 100% = loss of your whole account
- your profit is pathetic
Member Since Mar 26, 2012
15 posts
Jun 13, 2013 at 13:39
(edited Jun 13, 2013 at 13:43)
That was withdraw!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
It is most important to have your risk setup to zero!
Member Since Feb 22, 2011
4573 posts
Jun 13, 2013 at 13:45
PipTeacher posted:
That was withdraw!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
well
Balance: $20136.41
Profit: $77.61
Deposits: $39930.79
Withdrawals: $19872.00
+40,000 deposit
- 20,000 withdrawal
= 20,000 left (balance)
So where is the profit? This $77?? :))
Member Since Mar 26, 2012
15 posts
Jun 13, 2013 at 13:53
(edited Jun 13, 2013 at 13:56)
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
It is most important to have your risk setup to zero!
Member Since Apr 25, 2012
269 posts
Jun 13, 2013 at 14:01
PipTeacher posted:
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
use custom start date after your deposit.
Member Since Aug 19, 2012
32 posts
Jun 13, 2013 at 14:27
Pip Teacher: There is no such thing as zero risk. anyone who claim to have zero risk system is a liar / scammer. Becareful guys. Every system has risk.
Get Rich or Die Trying
Member Since Mar 26, 2012
15 posts
Jun 13, 2013 at 14:41
(edited Jun 13, 2013 at 14:51)
Thank you XharpScalper for your help!
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
It is most important to have your risk setup to zero!
Member Since Apr 25, 2012
269 posts
Jun 13, 2013 at 15:30
PipTeacher posted:
Thank you XharpScalper for your help!
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
you also have to click custom start icon at near right.
Member Since Mar 26, 2012
15 posts
Jun 13, 2013 at 15:44
Thank's again! (I did it!)
It is most important to have your risk setup to zero!
Member Since Feb 22, 2011
4573 posts
Jun 13, 2013 at 19:35
PipTeacher posted:
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
It could be the case that you have first account with auto update
and when auto-update was disabled you start sending data via MyfxbookEA?
In such case they double deposit etc...
Member Since Jul 09, 2011
12 posts
Jun 13, 2013 at 21:21
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
I wish good luck to all traders
Member Since May 08, 2013
19 posts
Jun 13, 2013 at 21:21
ok..it seems that ur DD has down to 2.56%..
but ur profit sucks..
sharpe ratio...
AHPR...
GHPR...
but at least u get profit from interest which is $3...
but ur profit sucks..
sharpe ratio...
AHPR...
GHPR...
but at least u get profit from interest which is $3...
experience + effort = wealth
forex_trader_14546
Member Since Jul 01, 2010
4 posts
Jun 13, 2013 at 21:26
I try to reach the point, currently I am gaining consistently but not enough...
Take a look at my website http://www.sevenpips.com where I post about my journey to financial freedom.
Take a look at my website http://www.sevenpips.com where I post about my journey to financial freedom.
Member Since Feb 22, 2011
4573 posts
Jun 14, 2013 at 06:13
Davidfxonline posted:
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
Hey,
impressive results ;) The DD is quite high though...
Member Since May 08, 2013
19 posts
Jun 14, 2013 at 08:55
Anyway, wishing u achieve ur financial freedom one day..happy trading
experience + effort = wealth
forex_trader_65591
Member Since Feb 13, 2012
31 posts
Jun 14, 2013 at 15:11
I trade for a living as well
Member Since Jun 08, 2013
14 posts
Jun 15, 2013 at 13:05
I'm trying for living ....perhaps...http://www.myfxbook.com/community/trading-systems/keong-pasal-2/577113,1
Member Since May 08, 2013
19 posts
Jun 16, 2013 at 06:28
dianfxnewbie posted:
I'm trying for living ....perhaps...http://www.myfxbook.com/community/trading-systems/keong-pasal-2/577113,1
try verified ur account than we know its real or demo.
experience + effort = wealth
Member Since Mar 26, 2012
15 posts
Jun 17, 2013 at 09:50
Davidfxonline posted:
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
Very impresive track record!
Do you compound your profit to get such a score?
It is most important to have your risk setup to zero!
Member Since Jun 08, 2013
14 posts
Jun 17, 2013 at 13:59
Ejam The Great ok sir...done ....http://www.myfxbook.com/community/trading-systems/keong-pasal-2/581305,1
