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Prove your trading worth... 100% weekly on a consistent basis - long-term?

Cholipop
Feb 01 2015 at 15:38
406 posts
CrazyTrader posted:
Cholipop posted:

It would then appear that the trader has a 'trade management problem'


Here we go, call it as you like, but it is symptomatic of 100% retail traders that have experienced blowing account so do I

People blows accounts not because they are bad traders, simply because they run loss instead of the opposite.

Regarding this account:
https://www.myfxbook.com/members/DrVodka/mt4-1027730/1143844

This guy may not be your friend, however 2 days aren't long enough but what we can see is ok to me so far:
Strenght:
No custum date
Equity > Growth
Best trade in Pips > Worst trade in Pips (*6)

Disavantages:
Hidding closed trades


 So now the question is why do they let losses run?

Cholipop
Feb 01 2015 at 15:38
406 posts
Better yet crazytrader...Let us have a look at your real account....
https://www.myfxbook.com/members/CrazyTrader/chance-my-life/1090117

 Explain why your equity curve has taken such a nose dive? Based on your answer maybe we can begin to understand what your problem as a trader is.

Cholipop
Feb 01 2015 at 15:40
406 posts
Here is a snapshot of your LIVE ACCOUNT.



 The box which is highlighted in red simply shows a lost correct? Yet if the small box to the far right was highlighted it will show the following.



 It shows that after entering the position, you were in green as much as 74 pips, and you ended up closing that position for a loss. Yes a loss! You didn't set your trail stop to BE or even a round number like 50 or 60. So that one simple trade says a lot about you as a trader, and what is worse is that you are managing someone else's account.

 Plus you mentioned that most traders issues is not letting the profits run. Well you let you profit run, and it turned into a red position.




 The link above shows that you allowed a trade to go in red over 300 pips..... What is your excuse for letting it run in red for so many pips? Why didn't you stick to your sl plan? Well you didn't stick to your sl plan because after you entered you were in green as much as only 8 pips, and your bias and simple focus on your tp caused you to hold it and ignore price action. Those actions will cause you to margin call this account sooner then later.

CrazyTraderfx (CrazyTrader)
Feb 01 2015 at 16:35
1718 posts
Do you really have to show to everyone that you are frustrated by being wrong?

I don't even see why you screen shot my account... this ins't the topic.
But anyway, once more I will have to explain why you are wrong again.

1) GBPCAD
- First thank you for illustrating what I'm saying:
Indeed, this account is running by my EA and so it trades as I coded and it respects what I said 'Maximizing profit & cutting the loss'
therefore, I'm not afraid to loose 20 pips if I was targetting 200 pips. (If I decided not to use trail Stop, it's because i don't want to)
- Secondly, you see by this trade that I'm chillaxing.. as Pip-Drawdown is awesome and it reflects most of the trades.

'Plus you mentioned that most traders issues is not letting the profits run. Well you let profit run, and it turned into a red position. '
=> I f I was doing the opposite, I would be worried about my strategy

Conclusion for case 1, yes you are right, you showed what I have said.


2) GBPCHF
You are so silly only looking at Pip-Drawdown displayed by Myfxbook.
You haven't noticed that the trade has 40 pips SL.



Conclusion for case 2, sorry for you to be wrong again.


You are like all the noobs trying to critize what i do here... and like all other you are wrong and you guys get frustrated.

By the way, I have tested enough my 2 demo strategies and so i decided to start to mirror thoses trades into my live account.

I guess soon you will never post back my account.... I can feel your frustration climbing like a bullish trend : )

Attachments:


trot
Feb 01 2015 at 22:17
4 posts
Hi,

What do you think about this trader?
https://www.myfxbook.com/members/trader000/high-returns-manual-trading/1144503

I asked him a few questions two days ago but haven't received any reply yet.

Looks like he/she can double the account with proper money management (I've noticed stops are set). I'm thinking about putting some small eggs into this type of trading and take out profits after doubling my account. Rinse and repeat. 😎

I'd appreciate any feedback from experienced traders.

trot

Cholipop
Feb 02 2015 at 07:39
406 posts
CrazyTrader posted:
Do you really have to show to everyone that you are frustrated by being wrong?

I don't even see why you screen shot my account... this ins't the topic.
But anyway, once more I will have to explain why you are wrong again.

1) GBPCAD
- First thank you for illustrating what I'm saying:
Indeed, this account is running by my EA and so it trades as I coded and it respects what I said 'Maximizing profit & cutting the loss'
therefore, I'm not afraid to loose 20 pips if I was targetting 200 pips. (If I decided not to use trail Stop, it's because i don't want to)
- Secondly, you see by this trade that I'm chillaxing.. as Pip-Drawdown is awesome and it reflects most of the trades.

'Plus you mentioned that most traders issues is not letting the profits run. Well you let profit run, and it turned into a red position. '
=> I f I was doing the opposite, I would be worried about my strategy

Conclusion for case 1, yes you are right, you showed what I have said.


2) GBPCHF
You are so silly only looking at Pip-Drawdown displayed by Myfxbook.
You haven't noticed that the trade has 40 pips SL.



Conclusion for case 2, sorry for you to be wrong again.


You are like all the noobs trying to critize what i do here... and like all other you are wrong and you guys get frustrated.

By the way, I have tested enough my 2 demo strategies and so i decided to start to mirror thoses trades into my live account.

I guess soon you will never post back my account.... I can feel your frustration climbing like a bullish trend : )


  I sorry for having upset you, and if you as if I am a noob it is besides the point. The reality is MOST of your trades have a very high pip-drawdown, and in most of your trades which were in red, you had a pretty good profit, and you didn't even secure your principle by breaking even. Yes, that is the way you coded your 'EA', but it is evident that you lack the skills on doing so.
  Based on your prior comments about people letting their losses run, and not their profits seems to be something that you are very good at doing. The sad part is you don't even gain much profit, and it is evident based on your clients account being in red over 10%

  Oh and for the record, you had a 300 pip drawdown on that trade based on the spread getting wacky due to what happened to SNB. Yet, I can clearly post more trades in which you allowed your profits to run, and for not securing it you ended up with a red position.

  Your also no longer trading in a demo account my friend... You are now trading in a live account with real money, and from the looks of it you are doing very very bad. If this week has another side ways range you can bet your bottom dollar that you will margin this account in less then 2 months.

Cholipop
Feb 02 2015 at 07:40
406 posts
Traders who love to use demo because they don't have the funds to trade for themself always seem to get some poor noob to look at his demo accounts and assume that he will be able to do the same on live...

Cholipop
Feb 02 2015 at 07:51
406 posts
trot posted:
Hi,

What do you think about this trader?
https://www.myfxbook.com/members/trader000/high-returns-manual-trading/1144503

I asked him a few questions two days ago but haven't received any reply yet.

Looks like he/she can double the account with proper money management (I've noticed stops are set). I'm thinking about putting some small eggs into this type of trading and take out profits after doubling my account. Rinse and repeat. 😎

I'd appreciate any feedback from experienced traders.

trot

 
 You are going to follow that person with only 24 trades.

Cholipop
Feb 02 2015 at 07:52
406 posts
Ohhhh And crazytrader..... Myfxbook does calculate pip-drawdown from the time you get in to the time you get out. It has nothing to do with if you make your account update every 5 mins or 3 days.

Matt (BluePanther)
Feb 02 2015 at 08:21
1354 posts
Cholipop posted:
Ohhhh And crazytrader..... Myfxbook does calculate pip-drawdown from the time you get in to the time you get out. It has nothing to do with if you make your account update every 5 mins or 3 days. So please stop making things up to make yourself look like you know what you are doing.


Take your own advice for once and stop focusing on other people. You should open up your own thread to bash pps in (really, what is your problem? Why are you only focused on attacking people individually, instead of focusing on criticising strategies? Your resorting to name-calling and ignorant insults says much about you as a person).

BTW Cholipop: your example https://www.myfxbook.com/members/CrazyTrader/chance-my-life/1090117 was not good. This thread asks for 'real accounts which can show consistent 'phenomenal' results over an extended period of time'. Please try harder next time (hint: green = positive returns) 😀

@CrazyTrader Nice comparisons with the Equity/Growth charts... you raise a good point in a very illustrative manner.

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