My revised question was: '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...?'
SIM's posted MyFxBook link shows: Average profit: 5.05% with a max. DD of -24.01% over the past 3 years, which fulfills the above criteria. It reassuring to see that there is at least ONE such strategy on MyFxBook. Thanks SIM for sharing the link!
On the other hand the posted strategy uses Martingale money management and apparently very well, as the account has not blown up for practically 3 years, so it is impressive also in this regards.
But here comes another important question: Would you invest 1 million USD in a Martingale-style strategy to make 600k USD profit yearly (i.e. 50k USD per month) which would provide a comfortable living anywhere in the world...???
I guess most traders - at least in their right mind - would not. Even SIM does not risk more than 25k USD with this strategy and very WISELY. He has already withdrawn almost 28k USD profit, so - just in case - the Martingale strategy blows up the account, he can still walk away with about 2500 USD profit for the past 3 years and start again.
So I need to revise my question again: 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...?
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