I want only a safe 4% each month... Which EA?? Thank you

Nov 02, 2012 at 10:42
43,930 Views
1,238 Replies
forex_trader_136673
Member Since Jun 28, 2013   852 posts
Jan 09, 2014 at 17:38
Hey guys, lets measure cocks.

Seems only thing left to measure and compare with each other.
SwissManagement
forex_trader_150670
Member Since Sep 12, 2013   110 posts
Jan 09, 2014 at 21:00
Agree @ahuruglica
Member Since Jul 02, 2013   57 posts
Jan 10, 2014 at 12:08
Sleep is for the weak
Member Since Jan 08, 2014   15 posts
Jan 14, 2014 at 22:04
Hey check this out :) https://www.myfxbook.com/members/mmatej1988/hedging/800105
but still young history and ony a demo, but I am opening live account so who knows maybe after a year of live trading you will be still interested :)

I actually posted it cause I work alone, so any thoughts from other traders are welcome :)

Regards

Member Since Aug 30, 2013   325 posts
Jan 15, 2014 at 00:22
mmatej1988 posted:
Hey check this out :) https://www.myfxbook.com/members/mmatej1988/hedging/800105
but still young history and ony a demo, but I am opening live account so who knows maybe after a year of live trading you will be still interested :)

I actually posted it cause I work alone, so any thoughts from other traders are welcome :)

Regards


Nice results although I would like to see the MT4 statement table before conclusions are drawn specially since you are at the 50% win rate for longs.
Member Since Jan 08, 2014   15 posts
Jan 16, 2014 at 11:10
Hey forexpipatcha :)

I am not sure I understand you well, you would like to see my mt4 statement when Im flat? or ?
Member Since Aug 08, 2012   26 posts
Jan 16, 2014 at 14:47
Hello there, I have now a new DEMO account for 2014 January running on myfxbook.
Please leave your all comments (negative or positive).
Below is the Main link to my 2014 January DEMO account:
https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447
myfxday
forex_trader_136673
Member Since Jun 28, 2013   852 posts
Jan 16, 2014 at 17:47
@myfxday

If you are open to negative comments.

Opening a new demo account every month makes no sense. Myfxbook offers monthly analysis for everyone interested to see.
Member Since Jan 16, 2014   1 posts
Jan 16, 2014 at 20:46
Are there any ways to confirm EA's on demo accounts will work the same in the live account?
Member Since Jan 06, 2013   5 posts
Jan 16, 2014 at 20:46
One portfolio has to have high number of occurrences, something like this one, or much much more to be credible at least !

https://www.myfxbook.com/members/arcotrade/perpetualhedge/454024
perpetualhedge
Member Since Aug 08, 2012   26 posts
Jan 16, 2014 at 20:46
Hi,
Thanks for your comments. Yes, I am happy to have any sort of comments.
Boston Prime does not provide the MT4 DEMO accounts more than 30 days.
I DEMO trade with Boston only because of their feed.
myfxday
forex_trader_136673
Member Since Jun 28, 2013   852 posts
Jan 16, 2014 at 21:29
I believe most of the brokers offer unlimited time demo account if you have a live account with them. Boston Prime should do too.


Anyway I think that if a trader has a good strategy should trade real money, demo is for learning IMO.
NewMillenniumInc
forex_trader_2825
Member Since Nov 09, 2009   131 posts
Jan 19, 2014 at 13:45
mmatej1988 posted:
Hey check this out :) https://www.myfxbook.com/members/mmatej1988/hedging/800105
but still young history and ony a demo, but I am opening live account so who knows maybe after a year of live trading you will be still interested :)

I actually posted it cause I work alone, so any thoughts from other traders are welcome :)

Regards

Looking good so far :)

Is the system yours ?

If the system holds up to the below mentioned specs then I think it has a better than average chance of staying in the game long enough and keep producing that steady 4% monthly average ;

1) greater than 10:1 return to drawdown ratio over a minimum 10 year to date backtest period using fixed lots per trade (which will be problematic/not applicable with systems that use variable pips SL and too much to go into detail about here)
2) tests conducted with realistic spread and volume commiss
3) tests using appropriate data modelling type, ie ticks for tick system bar open for bar open system, bar open systems run on ticks showing very nearly same result as bar open data.
4) minimum 1000 trades sample.
5) minimum 2 pips expectancy and ideally above 3 (net expected profit taking into account all winning and losing trades)
6) no martingale grids (although I dont completely rule out such system if designed with equity stop loss which can be hit repeatedly and recover from, which I only know of one system)
7) must work on minimum 6 currency pairs meeting all the above mentioned minimum standards
8) must have live fwd history not exceeding previous maximum drawdown or stagnation period (period between new equity highs), which if exceeded the system can be said to have failed.

Thats what determines a profitable trading edge to me and I haven't yet seen a system built to these minimum standards fail by measure of the definition above mentioned, not that Ive seen that many systems which meet that minimum standard.

This is the best algo I know of and its been quite sucessful in trading of real accounts ; https://www.myfxbook.com/strategies/nmi-super-climber-1-lot/50247 (keep in mind its fixed lots, using even 1.8% risk per trade it exceeds the maximum lot size availlable years before the test period ends). You wont find this one available at a retail level though, but there are others that are in the same ballpark that are available to retail traders if you look hard enough.

Cheers :)

Adam Liddiard
Trading Director
New Millennium Inc
Member Since Jan 08, 2014   15 posts
Jan 20, 2014 at 16:37
Hello Adam,

yes the system is mine, I developed it last year actually, originally made for eur/usd but of course can be modified for other currency as it is not just 'sit and watch' system, it includes a lot of fundamental whit it.

You gave me a lot of nice info here, thank you very much for it, wish you all the best :)

Regards!
Matej M.
SwissManagement
forex_trader_150670
Member Since Sep 12, 2013   110 posts
Jan 20, 2014 at 16:42
Hello everybody,

You should check my account really. +1.19% profit today again. Average 12% profit each month. 5 months history, real account with 1000$.
It's pamm account, so if you are interested you can invest with me.

Regards
Member Since Aug 30, 2013   325 posts
Jan 20, 2014 at 17:54
SwissManagement posted:
Hello everybody,

You should check my account really. +1.19% profit today again. Average 12% profit each month. 5 months history, real account with 1000$.
It's pamm account, so if you are interested you can invest with me.

Regards

Which account you have that gives you approx. 12% /month with low DD and sustainable?
SwissManagement
forex_trader_150670
Member Since Sep 12, 2013   110 posts
Jan 20, 2014 at 17:56
Pamm Hotforex
Member Since Aug 08, 2012   26 posts
Jan 20, 2014 at 19:06
Hello there, Here is my DEMO account for 2014 January .
Please leave your all comments (negative or positive), so that I know if I am getting better.
https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447
myfxday
Member Since May 02, 2013   90 posts
Jan 20, 2014 at 21:30
SwissManagement posted:
Hello everybody,

You should check my account really. +1.19% profit today again. Average 12% profit each month. 5 months history, real account with 1000$.
It's pamm account, so if you are interested you can invest with me.

Regards

Almost 50% drawdown.
Hate your losers more than you like your winners
Member Since Aug 30, 2013   325 posts
Jan 20, 2014 at 23:42 (edited Jan 20, 2014 at 23:44)
SwissManagement posted:
Pamm Hotforex

For someone that thinks his system works fantastically you sure have no faith in it otherwise you would have invested some huge amounts in it. It must be crap for you not to borrow hundred of thousands and invest it yourself lol
Let's face it you're trying to live off other peoples money while risking their hard earnings.
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