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PAMM recommendation

Swiss Management
SwissManagement
Feb 03 2014 at 14:22
110 posts
@myfxpedia , i don't want to be bad with you, but your account is demo and so young.

myfxday
Feb 04 2014 at 07:14
26 posts
Hi there,
This is my last Demo account with BT MT4:

https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447

I will not be posting any more monthly based Demo trading account performance here.
Thanks a lot for your all comments.
myfxday

axforexsignal1
Feb 04 2014 at 21:40
4 posts
forexpipcatcha
Feb 04 2014 at 21:42
325 posts
The majority of you here are a waste of time and effort... you have nothing worthwhile to present let alone some have demo's and with very little data to go on with.

Anmaric_LTD
Feb 04 2014 at 21:42
61 posts
I wouldnt post a demo account here there is no point... no one will invest or if yes I buy you a beer :)

forexpipcatcha
Feb 04 2014 at 21:44
325 posts
anmaric what percentage you require to trade an account?

myfxday
Feb 05 2014 at 15:22
26 posts
Hi
Below is my Demo account link which does not expire every month:
https://www.myfxbook.com/members/myfxday/myfxday/822257

Please note that the SL and TP are most of the time 55 pips and rarely it is 99 pips. (A stealth mode is used for SL and TP)
Trades are opened manually during LONDON Open based on fundamentals only.
I do not use any indicators.
The open trades are often closed during the New York session manually if TP or SL not hit.
Please note that I am not and fund manager and I am not looking for investors.
All I am looking for from myfxbook community is the comments (positive/negative) about my demo trading.
myfxday

forexpipcatcha
Feb 05 2014 at 15:38
325 posts
myfxday posted:
Hi
Below is my Demo account link which does not expire every month:
https://www.myfxbook.com/members/myfxday/myfxday/822257

Please note that the SL and TP are most of the time 55 pips and rarely it is 99 pips. (A stealth mode is used for SL and TP)
Trades are opened manually during LONDON Open based on fundamentals only.
I do not use any indicators.
The open trades are often closed during the New York session manually if TP or SL not hit.
Please note that I am not and fund manager and I am not looking for investors.
All I am looking for from myfxbook community is the comments (positive/negative) about my demo trading.
myfxday


You want people to comment on your few seconds of trading? Have you an idea about statistics? Do you understand what is a sample and a population?

Donex
Feb 06 2014 at 03:22
90 posts
Have to agree with forexpipcatcha. Don't know what you want any of us to say. The sample is just not big enough. Those stats don't mean anything at the moment. They could remain the same, get worse or get better, only until a decent sample size in time and volume can you really give any evaluation.

How long, and how much volume? well that's subjective but in my opinion would have to be at least 6 months to a year and hundreds of trades and then will you be able to see if the system has merit. Not saying it's a winning system even after that long, but at least the stats would start to hover around a mean.

Hate your losers more than you like your winners
myfxday
Feb 06 2014 at 08:26
26 posts
Hi everyone,
Thanks for your all comments! I really appreciate your views.

In my personal opinion it is worth taking a look at a system which has the following highlights:

The TP and SL are 1:1 ratio and each trade has a minimum of 25 pips TP or SL distance.
The system that has a Strong Risk management and the maximum loss per trade is only up 1% of the total Equity.
The system that does not have open trades more than 12 hours.
The open trades are profitable from 80% to 100% from the time they are open.
The monthly profit target above 10% is met.
The drawdown is kept below 10% each month.

If a system meets the above requirements I would definitely have a look the system and put it in my watch list as well.

It does not matter to me if the account is DEMO or REAL and it does not matter to me if the account is ONE DAY old or ONE YEAR old.

Below are my account links:

December 2013
https://www.myfxbook.com/members/myfxday/myfxday-december/783408

January 2014
https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447

January to February 2014
https://www.myfxbook.com/members/myfxday/myfxday/822257


Myfxday

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