I am agree finding top traders are really hard
The thing is they can be at 'Top' for a while, when go down, up again etc. The behavior of Top traders is not more predictable than market itself !
Agree. The results to be statistically significant one should see at least 6 months history with at least 300 trades (the more the better).
Anything below that could be just 'statistical noise'...
I have started a MyFxBook thread in February of 2013 looking for a strategies producing 5% average monthly profit for at least 2 years with less than -25% DD (proven by a verified MyFXBook LIVE account running at a reputable broker).
Well, in 2013 I could not find any (which is why I started the thread). Lets fast forward to June of 2015: more than 2 years later still there has been NO SINGLE STRATEGY fulfilling the the above performance criteria on a single account...
What does it tell...? One of these two:
1. Top traders with MT4 accounts are HIDING or working for hedge funds (as @james2015
had mentioned), and they don't need investors from MyFxBook or from anywhere else...
2. Simply NOBODY can achieve a consistent 5% (or higher) average monthly profit with reasonable safety (i.e. less than -25% DD).
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