PAMM recommendation
forex_trader_81773
Member Since Jun 20, 2012
24 posts
Mar 28, 2014 at 20:43
B1FXprof posted:
hi all
agreed, it is high dd for low return. have a look at what i'm using, it's one i pay to use.
yes, it would preferable to pay atention to the DD and no only profits, the DrawDown speeks well about the money management that is taken in investement.
Member Since Mar 30, 2014
5 posts
Mar 31, 2014 at 06:50
sd59 posted:
Hi All,
Can anybody recommend a PAMM account (or a few) that has traded profitably medium term?
thanks
...HI..U CAN JOIN & SHARE..LEARN & EARN...
TRADE YOUR PLAN & PLAN YOUR TRADE...
Mar 31, 2014 at 06:50
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
https://www.myfxbook.com/members/ophili/omp-invest/841550
love pips
Member Since Aug 30, 2013
325 posts
Mar 31, 2014 at 07:50
ophili posted:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
You are risking 11.91% to earn 2.47% per month. Is that worth the risk? Especially when you're hiding info hence you are doing some dodgy lot manipulation and am guessing you are not risking anything more than a few dollars. So draw your own conclusion... would you trade with someone that has no faith in his system ?
Member Since Mar 30, 2014
5 posts
Mar 31, 2014 at 09:55
ophili posted:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
SORRY TO SAY I DID NOT UNDERSTAND UR POINT..UR DD IS 11% BUT PROFIT GAIN IS VERY LOW AS COMPARED TO RECORD I SHOWED..
TRADE YOUR PLAN & PLAN YOUR TRADE...
Mar 31, 2014 at 19:52
forexpipcatcha posted:ophili posted:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
You are risking 11.91% to earn 2.47% per month. Is that worth the risk? Especially when you're hiding info hence you are doing some dodgy lot manipulation and am guessing you are not risking anything more than a few dollars. So draw your own conclusion... would you trade with someone that has no faith in his system ?
Not 2.47% per month. And what matters isn't how many dollars, what matters is what you can see in the statistics..
love pips
Member Since Aug 30, 2013
325 posts
Apr 01, 2014 at 07:09
ophili posted:forexpipcatcha posted:ophili posted:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
You are risking 11.91% to earn 2.47% per month. Is that worth the risk? Especially when you're hiding info hence you are doing some dodgy lot manipulation and am guessing you are not risking anything more than a few dollars. So draw your own conclusion... would you trade with someone that has no faith in his system ?
Not 2.47% per month. And what matters isn't how many dollars, what matters is what you can see in the statistics..
You're right now it's gone to 0.72% per month... and looking very dismal about as dismal as your IQ
Member Since Mar 30, 2014
5 posts
Apr 01, 2014 at 07:10
TRADE YOUR PLAN & PLAN YOUR TRADE...
forex_trader_81773
Member Since Jun 20, 2012
24 posts
Apr 01, 2014 at 07:12
ophili posted:Hi Dear Omeh, I would like to explain my opinion like this:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
ex1 if you risk 11 DD......... you should go to ...55% for example in ...one month or even two....or eeeven 3 months.. ii is ok.
ex2 if you risk 50%DD........you sh......g...t.....200 or 300%...............1m .............2m or even 3 it will be ok
and the curve (in the graph) must to say : every single day more and more close to the heaven! Not the bipolar madness do you show in your link.
All the best my friend!😉
forex_trader_181504
Member Since Mar 13, 2014
14 posts
Apr 01, 2014 at 07:13
ophili posted:forexpipcatcha posted:ophili posted:
Hi, all, is 11% draw-down too high ? I have a new track record i started and with an 11% drawdown, and that would be the highest drawdown.
https://www.myfxbook.com/members/ophili/omp-invest/841550
You are risking 11.91% to earn 2.47% per month. Is that worth the risk? Especially when you're hiding info hence you are doing some dodgy lot manipulation and am guessing you are not risking anything more than a few dollars. So draw your own conclusion... would you trade with someone that has no faith in his system ?
Not 2.47% per month. And what matters isn't how many dollars, what matters is what you can see in the statistics..
@ophili
No brother you are wrong brother first thing investor see isthat are you gabling with their money or trading.
if you are trading 0.2 or 0.3 and made 50 pips and 20%profit of the account ral investor will never come to you only greedy people with 500$ account will come to you, if you at least show them good profit.
but for big investors my friend you ave to be very very very careful because they check myfxbbok performance deeply they don't want to see how much you make they want to see what you have done after a loosing trade did you got greedy and try to find other pairs you can recover that loss ad in 10 minutes you have another positon open to recover that last trade loss.. that is called greed if you cant control your emotions your greed and dont hae patience then forget about forex you wil never succeed because any business have rules if you dont follow them you will neve rbe sucessull in long term we always trade in the ourrules, and never broke my rules in my life, few simple rules 10 golden rules and if you apply that ot trading then everything will be fine believe me i am experienced trader and EXPERIENCE ddin came for free it cost me a lot of money, and that mistkes and now called experienced which leads us to success....
so i was saying that trade will not be acceptable just apply for Currensee.com team leader and see waht and how they ill show you your faults so you can learn not ot repeat them again and after 6 months goto them and they will hire you i you are good you will get 1ook accounts also brother..
and one more thing i some time also do that mistake no one os perfect but if your position is gone -100 pips then you close at +20 pips that is not counted as good trade my friend.
Good Luck.
Member Since Aug 30, 2013
325 posts
Apr 01, 2014 at 08:43
(edited Apr 01, 2014 at 08:44)
pipsniper is spot on we don't want to invest 500k and see you are loosing 55k to gain 3.7k... you are delirious ophili if you think I or anyone that would invest a small amount like this would invest in such a crappy system, the fact that you don't understand this is of serious concern and as an investor I wouldn't want anything that involves you. You are what we call a high risk fool who will ensure we part with our earnings.
Member Since May 22, 2013
9 posts
Apr 01, 2014 at 11:48
@ophili I don't post often here but just browsing through the currensee happened to see top traders. I was not sure whether u were sarcastic in mentioning currenssee.com or you actually think they r good.
Well these guys are actually offering professional investor gains (2-5% per annum) which is good but their DD's are pretty much resembling immature traders. I mean ranging between 13% to 99.8%. That's not what a sensible investor is looking for.
Well these guys are actually offering professional investor gains (2-5% per annum) which is good but their DD's are pretty much resembling immature traders. I mean ranging between 13% to 99.8%. That's not what a sensible investor is looking for.
Apr 01, 2014 at 14:01
I agree with the points highlighted so far, but like I said, The draw-down wont go more than that range, and two months is not enough to judge a system.. And for the greed, I am not greedy I am sure. I trade with measurements depending on the number of pips and percentage I risk, I have take profits and stop losses in all my trades. and @Safe, You are right about the fact that some traders dd are very high, yet they are listed among the managers.
love pips
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Apr 01, 2014 at 19:11
@ophili
May I add that mathematically it is not possible to predict the highest draw-down. The market does not remember your last move, so it is always possible that one losing trade can be followed by one loosing trade and so on. Also it is true that one trader in a winning trade has a different view on the market that the trader in a loosing trade. Most of the time traders that end in dd change their rules and behavior, that is when they start to lose more instead of winning.
In other words its just your firm believe that dd can't get higher. But the fact is, no one can predict that. Uncertainty rules the market.
Regads
May I add that mathematically it is not possible to predict the highest draw-down. The market does not remember your last move, so it is always possible that one losing trade can be followed by one loosing trade and so on. Also it is true that one trader in a winning trade has a different view on the market that the trader in a loosing trade. Most of the time traders that end in dd change their rules and behavior, that is when they start to lose more instead of winning.
In other words its just your firm believe that dd can't get higher. But the fact is, no one can predict that. Uncertainty rules the market.
Regads
Apr 01, 2014 at 21:06
(edited Apr 01, 2014 at 21:10)
DD is relative to how much return you want to achieve, how well the system can recover from the DD and probably the most important issue is how much DD tolerance you can handle psychologically.
A good hedge fund returning 15% to 30% return a year would obviously have to have very low DD. If such a fund had a DD in a particular month of say 10% - 20% and you look at the history and see the best month they've ever had is a return of 5% then you confidence of the fund recovering quickly would be quite low.
On the other hand, if a system can generate 100% - 200% return a year, you must expect that DD will be higher and likewise, if such a system has a 10% - 20% - 30% DD on a particular month and you see in the history that there a several months of high returns, 20%, 30%, 40% etc, then your confidence that the account can recover the DD quickly would be high. The major problem is the psychological aspect, can you sleep at night? can you function properly? It's not easy when DDs like that occur, even though the system has shown you, it can recover such DDs quickly.
In the end, if you want high returns, then higher DDs is part of the package, if your risk tolerance is low then simply risk less and your DD will be low but of course your return will also be lower.
I just don't think there is anyway around it.
A good hedge fund returning 15% to 30% return a year would obviously have to have very low DD. If such a fund had a DD in a particular month of say 10% - 20% and you look at the history and see the best month they've ever had is a return of 5% then you confidence of the fund recovering quickly would be quite low.
On the other hand, if a system can generate 100% - 200% return a year, you must expect that DD will be higher and likewise, if such a system has a 10% - 20% - 30% DD on a particular month and you see in the history that there a several months of high returns, 20%, 30%, 40% etc, then your confidence that the account can recover the DD quickly would be high. The major problem is the psychological aspect, can you sleep at night? can you function properly? It's not easy when DDs like that occur, even though the system has shown you, it can recover such DDs quickly.
In the end, if you want high returns, then higher DDs is part of the package, if your risk tolerance is low then simply risk less and your DD will be low but of course your return will also be lower.
I just don't think there is anyway around it.
Hate your losers more than you like your winners
forex_trader_81773
Member Since Jun 20, 2012
24 posts
Apr 02, 2014 at 06:50
ahuruglica posted:
@ophili
May I add that mathematically it is not possible to predict the highest draw-down. The market does not remember your last move, so it is always possible that one losing trade can be followed by one loosing trade and so on. Also it is true that one trader in a winning trade has a different view on the market that the trader in a loosing trade. Most of the time traders that end in dd change their rules and behavior, that is when they start to lose more instead of winning.
In other words its just your firm believe that dd can't get higher. But the fact is, no one can predict that. Uncertainty rules the market.
Regads
Dear Ophili
This is true when we talk about manual systems with no very sophisticated algorithms.
But automated system with a very complex program that can interpret the fundamental data through a mathematical aproach and (no the technical and classical aproach) can control at the millimeter, the DrawDown!
all the best my friend!
