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PAMM recommendation

optimofx (optimofx)
Apr 02 2014 at 17:48
250 posts
Briefly , u can talk about Probabilty of a DD, and the most important u must say the 'sample size' ( number of trades in that case) u use for the study. And fiabilty of that sample, what spread u use for study ? Ur history data is correct ? Tick to tick? etc there's a lot of thing to consider.

Caution ¡¡ Forex market is full of scams ¡¡
Diego Cano
fxOGEDI
Apr 02 2014 at 18:24
24 posts
I ask >
It could be possible to have a 0.48% drawdown, and 52% of profits in 21 days?
best😉

ahuruglica (ahuruglica)
Apr 02 2014 at 18:40
852 posts
I don't think trading is investing. I also don't think trading is gambling.

I think trading is some sort of INVEGLING.

 Regards 😄

forexalertsystem (forexalertsystem)
Apr 02 2014 at 18:40
101 posts
Take a look at our professionally managed forex accounts on our profile and look at the draw-down to overall account return ratios. this will give you a good idea of acceptable limits.

https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495

ahuruglica (ahuruglica)
Apr 02 2014 at 18:40
852 posts
fxOGEDI posted:
I ask >
It could be possible to have a 0.48% drawdown, and 52% of profits in 21 days?
best😉


It possible not in 21 but in less than one hour. Sometimes in seconds.

But that is irrelevant to anyone who takes trading seriously.

Donex
Apr 02 2014 at 20:24
90 posts
B1FXprof posted:
That's rather oversimplifying it...most things are. Saying that trading is 'all about probability' is unhelpful, misleading and not to mention untrue. There are such a lot of factors involved in moving the values of currencies that to try to pin it down with stats alone is a sure way to wiping out. I speak from experience and nowadays don't have that risk...and I promise you that it's way more than maths alone that gets my results.


It's untrue if you have some form of fundamental analysis, but if you are purely technical then it's 100% true. Technical analysis is purely probabilities.

No matter what sort of technical analysis you use. Whether it is patterns, advanced patterns, support/resistance, trendlines, candle formations, RSI, MAs, Stochastics, whatever, you are looking at the history and saying, when this has occurred in the past this has happened and the probability of it happening again is higher than it not happening again. Sure after that other factors such as money management, risk, lot sizing etc may affect the result, but the bottom line is that it is probabilities when using only technical analysis.

Is it gambling? Depends on the connotation of gambling. I personally don't think it's gambling if you trade a system that proves itself to have a mathematical edge.

Do casinos offering all their games gamble? No they don't. They know their games have a mathematical edge and in the long run, very important, in the long run they will make money and plenty of it. Sure they can have some variance (Drawdown) and sometimes large variances (must have a bankroll large enough to sustain the drawdown) but eventually the probabilities of their mathematical edge will cut in and they will make their expectation every single time. Nothing more, nothing less.

At any given month one particular table could be losing money due to variance, but they don't offer one table, they have many tables to overcome the variance, to overcome the drawdown.

Likewise, a trading system with a few weeks, a few months, low volume doesn't really tell you anything. The sample size needs to be reasonable, yes that is subjective, but to make a judgement of a system, you need some reasonable time, at least a year with a reasonable amount of volume, before the stats can tell you anything about the system.

Hate your losers more than you like your winners
forexpipcatcha
Apr 02 2014 at 21:07
325 posts
forexalertsystem posted:
Take a look at our professionally managed forex accounts on our profile and look at the draw-down to overall account return ratios. this will give you a good idea of acceptable limits.

https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495


LOL @ professional accounts at only 2 months old.... that's fantastic!

madaneeraj (madaneeraj)
Apr 03 2014 at 06:16
9 posts
forexalertsystem posted:
Take a look at our professionally managed forex accounts on our profile and look at the draw-down to overall account return ratios. this will give you a good idea of acceptable limits.

https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495


Hi- Got ur full trading history from custom analysis. Not fair to hide info-

Gain:-3.67%
Abs. Gain: +34.39%
Daily: -0.09%
Monthly: -2.71%
Drawdown: 66.47%

forexalertsystem (forexalertsystem)
Apr 03 2014 at 06:18
101 posts
your not to bright we have accounts that go back further, plus we have more then 1 profile on myfxbook, some accounts with over 1,000 percent return. silly boy.... when we say professional accounts, because these are individual accounts that belong to others. they turn them over and we let our system run on them we don't post every account we have. just examples from time to time...

you took 3 months to get your gains, we can pull that in a single month. these new accounts we have listed are part of a new program. that is designed to do minimum 20% a month. we will roll out more information on it in about 6 months.




Diego Cano
fxOGEDI
Apr 03 2014 at 06:21
24 posts
ahuruglica posted:
I don't think trading is investing. I also don't think trading is gambling.

I think trading is some sort of INVEGLING.

 Regards 😄


INVEGLING ??? My dear friend, That explain why your aproach can not consider the possibility of the absolute control of the Drawdown! Look:

https://www.myfxbook.com/members/fxOGEDI/thefulllife-10/629786

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