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

myfxday
Jan 16 2014 at 20:46
26 posts
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

ahuruglica (ahuruglica)
Jan 16 2014 at 21:29
852 posts
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
Jan 19 2014 at 13:45
131 posts
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

mmatej1988
Jan 20 2014 at 16:37
15 posts
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.

Swiss Management
SwissManagement
Jan 20 2014 at 16:42
110 posts
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

forexpipcatcha
Jan 20 2014 at 17:54
325 posts
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?

Swiss Management
SwissManagement
Jan 20 2014 at 17:56
110 posts
myfxday
Jan 20 2014 at 19:06
26 posts
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

Donex
Jan 20 2014 at 21:30
90 posts
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
forexpipcatcha
Jan 20 2014 at 23:42
325 posts
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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