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High Yield profit with DD% less then 10% since AUTOTRADER ran

Master_Kiwa
Jun 05 2014 at 23:52
402 posts
Good evening all,

                               How much are stats like this worth to you? Well think about getting those returns with what the money you had in mind. Master_Kiwa shows you the way.
https://www.myfxbook.com/members/Master_Kiwa/phoenix-capital-scalping-pamm/931519

Focus on pip-drawdown
andy93
Jun 06 2014 at 17:52
2 posts
Not worth much,

 - Very short trading historic.
 - The account is clearly overleveraged, on your ~300$ account and the risk you take you crash your account with ~75 pips against you.
 
These are the main reasons why nobody should believe he invest in such kind of account but rather gamble.
If you prove to be able to reproduce such performance on a larger time frame and prove it is not simply luck then it is possible to apply a money management strategy according to the high risk such performance inherently have.

Master_Kiwa
Jun 08 2014 at 13:40
402 posts
andy93 posted:
Not worth much,

 - Very short trading historic.
 - The account is clearly overleveraged, on your ~300$ account and the risk you take you crash your account with ~75 pips against you.
 
These are the main reasons why nobody should believe he invest in such kind of account but rather gamble.
If you prove to be able to reproduce such performance on a larger time frame and prove it is not simply luck then it is possible to apply a money management strategy according to the high risk such performance inherently have.


 Thank you so much for your response. It tickles me when people say 'You are gambling and not trading'. Just for your record, everyone who deposits money into forex is gambling. Especially those who swing trade, being that swing trades trend to ignore current events, and take positions based on past high/lows instead of price action.
   As for the account being 'over leveraged.' Over leveraged is a widely used term which has negative connotations. Why would a trader want to tie up more of his/her money into a position. When they can use higher leverage with a tight sl and have the same low draw down as I have been able to earn.
  As for your bias towards 'LARGER TIME FRAME' anyone who knows how to read a chart will be able to see that once you begin trading on anything over 30 min time frame, you will spend almost 1 full trading in session in red before you begin earning profit. In other words the higher the TF the less accurate your entry will be, and don't let it be where you are up against the clock on say NFP or some other big time market moving event and you will end up being 300-400 pips in red in about a week. (You've seen what has happened to the bulls the last 4 weeks of this forex market TRADING EUR).
   So all in andy93 it is much easier for you to criticize something, such as 500% profit with less then 6% draw down in less then 2 weeks. Yet, the reality is you yourself won't be able to reproduce such stats scalping or even swing trading. You may want to have a look at my stats, and each and every trade before you claim that this was just 'luck'. Your pessimism will not take you far at all in forex.

Focus on pip-drawdown
CrazyTrader (CrazyTrader)
Jun 08 2014 at 16:21
1718 posts
We know you from other topics and we know you haven't updated account this the risk taken blew all your profit quicker than the time I needed to write the sentence. Your account is fine... each one of us has his own trading style no worries.

I just disagree with what you say:
'Just for your record, everyone who deposits money into forex is gambling. Especially those who swing trade, being that swing trades trend to ignore current events, and take positions based on past high/lows instead of price action. '

'anyone who knows how to read a chart will be able to see that once you begin trading on anything over 30 min time frame, you will spend almost 1 full trading in session in red before you begin earning profit. In other words the higher the TF the less accurate your entry will be'

Swing trading style is for sure the best weapon on forex market. It isn't not the easiest strategy to manage. As you probably can't be successfull with it, you denied it.

here is the last time I took time to alert about a very nice swing trade to take on 03/19: (Read first post only is enough)
https://www.myfxbook.com/community/experienced-traders/trade-month/736406,1#?pt=2&p=1&o=736406

How many days have we passed into red territory? 2
How many days have we passed into green territory? 80 => 97,5% of the time!
From actual price: +280pips

This is just an example... I'm not even talking about my EURUSD chart where we have accomplished +700 pips in 3 trades in 4 weeks time.


=> If you don't know when it's time to trigger 'swing button'... you fall.

[Link deleted]

'Without control, powerfull is nothing'





Master_Kiwa
Jun 08 2014 at 21:25
402 posts
CrazyTrader posted:
We know you from other topics and we know you haven't updated account this the risk taken blew all your profit quicker than the time I needed to write the sentence. Your account is fine... each one of us has his own trading style no worries.

I just disagree with what you say:
'Just for your record, everyone who deposits money into forex is gambling. Especially those who swing trade, being that swing trades trend to ignore current events, and take positions based on past high/lows instead of price action. '

'anyone who knows how to read a chart will be able to see that once you begin trading on anything over 30 min time frame, you will spend almost 1 full trading in session in red before you begin earning profit. In other words the higher the TF the less accurate your entry will be'

Swing trading style is for sure the best weapon on forex market. It isn't not the easiest strategy to manage. As you probably can't be successfull with it, you denied it.

here is the last time I took time to alert about a very nice swing trade to take on 03/19: (Read first post only is enough)
https://www.myfxbook.com/community/experienced-traders/trade-month/736406,1#?pt=2&p=1&o=736406

How many days have we passed into red territory? 2
How many days have we passed into green territory? 80 => 97,5% of the time!
From actual price: +280pips

This is just an example... I'm not even talking about my EURUSD chart where we have accomplished +700 pips in 3 trades in 4 weeks time.


=> If you don't know when it's time to trigger 'swing button'... you fall.

[Link deleted]

'Without control, powerfull is nothing'






 Thank you so much for taking the time to respond. Thank you so much for highlighting the amount of days you have spent in green compared to red for one trade. Yet all those pips you earned (280 pips) doesn't seem to have you in green worth covering your electricity bill. I am not sure why you would say 'Swing trading' is the most effect weapon in forex , when most of the people swing and end up losing at the end. Not to mention swing traders (less then 5 % of them) even double their investment. Most of the people here are looking to turn profit many times over (Which is more then a reality) and not make 10-50% profit in a year! I myself has swing traded, and was very successful at it, which is why I scalp now. Having turned over 400% profit in 16 months of trading without margin calling, compared to turning the 400% profit in less then 1 month seems much better. By the way your stats is nothing short then NOT IMPRESSIVE. Before you go defending swing trading, at least have the stats to reveal that you are successful at it.

 P.S. Crazy Trader please deposit into a REAL ACCOUNT

Focus on pip-drawdown
CrazyTrader (CrazyTrader)
Jun 08 2014 at 22:57
1718 posts
Why should I trade live? I have some Electricity bill to pay! : )

andy93
Jun 09 2014 at 06:39
2 posts
You seem very much on the defensive for someone who asked for a feedback.

And you misunderstood both of my point it's probably because of your defensive attitude.

I don't usually post in the forum but when I saw your post I choose to help the easily impressionable traders from doing the newbie mistake of falling for a 2 week trading account and especially falling for the custom analysis you applied.

Thank you CrazyTrader to bring back to earth this stubborn person.

Silverthorn (Silverthorn)
Jun 10 2014 at 19:03
268 posts
Master_Kiwa is was a brain like yours that first came up with the concept of felching. Very similar concept to your trading as well but felching leaves a better taste in your mouth!!

You can't spend open trades.
togr (togr)
Jun 11 2014 at 12:23
4862 posts
Master_Kiwa posted:
Good evening all,

                               How much are stats like this worth to you? Well think about getting those returns with what the money you had in mind. Master_Kiwa shows you the way.
https://www.myfxbook.com/members/Master_Kiwa/phoenix-capital-scalping-pamm/931519


There was 33 trades only.
So low DD for such short time period and such low amount of trades mean nothing.
Let's review this account in 3 months again

morrynet (morrynet)
Jun 12 2014 at 13:38
2 posts
you all forget that this guy (Master_Kiwa) has only 134.5 pips while your other best performing account has just 64 pips. That speaks volumes. Anybody can do that even a newbie, make at least 1000 pips with that drawdown and the said gain and you will have heads turning but at the moment... That is not impressive enough. 😇 for now just keep trading after a few months show us your pips😇
 https://www.myfxbook.com/members/morrynet/shooting-star/922917/0FrETJXfr2Rwhv8KwAvD

Look back thank God, look forward trust God and look around and serve God.
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