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Can you consistently make a profit of USD2000 on a USD5000 account?

FxMasterGuru (FxMasterGuru)
Feb 02 2013 at 07:14
1607 posts
The question remains: Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Chisha Sinyangwe (chisha)
Feb 02 2013 at 18:59
20 posts
Sim you are the man! Thank you for giving me hope :-D

1.Make pips 2.Keep pips 3.Repeat 1 & 2
FxMasterGuru (FxMasterGuru)
Feb 02 2013 at 19:06
1607 posts
Yes, indeed. SIM is 'The Man'!

So far nobody else could show a link to a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
bestdarngood
Feb 02 2013 at 23:59
174 posts
I just wanted to point out that 5% average monthly profit actually would be about 80% monthly return not 60% as you said in an earlier post 1.05^12 = 1.80 = 80% Unless you are pulling the profit out each month which then it would be 60%

As for a verified live account, my account has been running over 2 years, but I don't have the 5% average monthly profit yet or the 25% max DD. With my newest EA, I expect that to change.

My backtest of the latest version of my EA has the 5% monthly profit, but not the DD, if I were to reduce the risk, I could fulfill both criteria. My live account is currently running this version of the EA and it's been a work in progress for over the last 2 years and I'm still improving it when I see a chance to. Just had my most profitable month and December was good too. This EA is based on two MAs and other criteria. Check out the backtest here https://www.myfxbook.com/strategies/m5-88g/32523


See my profile or message me for my latest EA
bestdarngood
Feb 03 2013 at 00:12
174 posts
Oh, and I found this one to be very interesting and worth watching, if it continues to perform, it will fulfill your criteria I believe. Not sure what the system is like, but it looks good even though each month is steadily decreasing in amount of return, I'm assuming that they probably use a set trade size.

  https://www.myfxbook.com/members/megatrader/megatrader/446354

See my profile or message me for my latest EA
Splexin
Feb 03 2013 at 00:21
202 posts
bestdarngood posted:
Oh, and I found this one to be very interesting and worth watching, if it continues to perform, it will fulfill your criteria I believe. Not sure what the system is like, but it looks good even though each month is steadily decreasing in amount of return, I'm assuming that they probably use a set trade size.

  https://www.myfxbook.com/members/megatrader/megatrader/446354


Guys, I'd be careful about the strategies you think to be profitable....in some cases it is actually a shill promoting the broker. According to the broker's site here https://eng.fxclearing.ca/ they look like they are going out of business

Personally I only trust from NFA regulated brokers, particularly the major ones.

YMMV

goodboyfx
Feb 03 2013 at 07:39
56 posts
I have a friend whose been doing that for 6-7 yrs. Consistent profitable trader. Last year his total pip count came to 51K something.. my only complain with him was.. why didn't he go aggressive? i guess it is part of his strategy.

Get Rich & End World Poverty
Chisha Sinyangwe (chisha)
Feb 03 2013 at 09:35
20 posts
Guys I'm planning on going live with FXSALT in a few weeks because I've enjoyed their demo which is pretty much exactly like their live account (with commissions and all being charged). Does anyone here know if they are a good broker or not? I mean I wouldn't want to lose all my hard-earned money for any other reason other than my own shortcomings when it comes to my trading style.

1.Make pips 2.Keep pips 3.Repeat 1 & 2
Splexin
Feb 03 2013 at 18:37
202 posts
chisha posted:
Guys I'm planning on going live with FXSALT in a few weeks because I've enjoyed their demo which is pretty much exactly like their live account (with commissions and all being charged). Does anyone here know if they are a good broker or not? I mean I wouldn't want to lose all my hard-earned money for any other reason other than my own shortcomings when it comes to my trading style.


A good place to start is FPA........ https://www.forexpeacearmy.com/public/review/www.fxsalt.com

Khairunizzam
billionaire_fx
Feb 06 2013 at 09:04
30 posts
bestdarngood posted:
Oh, and I found this one to be very interesting and worth watching, if it continues to perform, it will fulfill your criteria I believe. Not sure what the system is like, but it looks good even though each month is steadily decreasing in amount of return, I'm assuming that they probably use a set trade size.

  https://www.myfxbook.com/members/megatrader/megatrader/446354



yup.agree..megatrader seem well on MM & considerable low DD too.respect!

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