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Challenge: 100% gain in 3 months with no loss trades

dhby
Nov 28 2015 at 18:23
11 posts
Hi every one.

In September this year I set a goal of getting to 100% profit in 3 months on real account. I started September 21st. On October 1st I have added optional point of 'no loss trades' to that goal. With this last point it has become a bit tricky and many potential trading opportunities vanished from sight but that has its own benefits overall.

There is a small clarification about 'no loss': the trade must be closed in a positive territory (filtering out the swaps, comissions, etc.)

The result is 100% profit with no loss trades on November 17th which is less than 2 months:
https://www.myfxbook.com/members/dhby/dhby-ecnfs/1373477/riIHoEIXxjMNb7NPDFNh

This is encouraging result and I think everyone needs a feeling like that to gain more confidence in their trading.

So I propose you a challenge: 100% profit in 2 months with no loss on real account.
Looking forward to your successful reports here.
Good luck!

HolyGrailPTY
Nov 29 2015 at 08:19
120 posts
dhby posted:
Hi every one.

In September this year I set a goal of getting to 100% profit in 3 months on real account. I started September 21st. On October 1st I have added optional point of 'no loss trades' to that goal. With this last point it has become a bit tricky and many potential trading opportunities vanished from sight but that has its own benefits overall.

There is a small clarification about 'no loss': the trade must be closed in a positive territory (filtering out the swaps, comissions, etc.)

The result is 100% profit with no loss trades on November 17th which is less than 2 months:
https://www.myfxbook.com/members/dhby/dhby-ecnfs/1373477/riIHoEIXxjMNb7NPDFNh

This is encouraging result and I think everyone needs a feeling like that to gain more confidence in their trading.

So I propose you a challenge: 100% profit in 2 months with no loss on real account.
Looking forward to your successful reports here.
Good luck!


 How good is it to have 100% win rate when you have a drawdown % of over 50%? Meaning you are willing to let the account almost margin call just to maintain a perfect 100% rate.... The biggest win in % of your was 2.13% yet, your max drawdown was over 50%. That my friend is HORRIBLE trading!

dhby
Nov 29 2015 at 11:06
11 posts
HolyGrailPTY posted:
 How good is it to have 100% win rate when you have a drawdown % of over 50%? Meaning you are willing to let the account almost margin call just to maintain a perfect 100% rate.... The biggest win in % of your was 2.13% yet, your max drawdown was over 50%. That my friend is HORRIBLE trading!


I understand that the chart and the plain statistics you see in this account is a bit scary. So give you some explanation of my trading during this period and it's up to you how you judge it.

The real drawdown started September 23. And it perfectly matched the end of the bearish wave on the EURUSD (and in general bullish on USD). Since that point all the trading was a recovery trading and therefore had no goal of building up gain but keeping equity around secured gain level.
As you see in the plain statistics the actual growth on close of September 22 was 7.4%. By the time the EURUSD bulls finished their wave which happened to be on October 15 the gain was 41.9% and the equity was -26.55%. In absolute terms the value of the drawdown was 41.9 - 7.4 + 26.55 = 61.05% - a huge drawdown really.
But if you look at that from another perspective (which is more important for me): Before the drawdown total gain was 7.4%. During the drawdown the maximum 'in progress loss' was -26.55%. Which gives the actual drawdown (when equity went below the secured gain) at max 7.4 + 26.55 = 33.95%. And important fact is that this actual drawdown has lasted for only 4 days (October 13th till 16th this is clearly visible on the chart).
Being a EURUSD bear in general I closely monitored the price activity during the drawdown period. Technically while the price was below the trendline through May'14 - Aug'15 there was no any reason to close trades in loss. The breakout happened late October 14 and lasted for less than a day which changed the overall EURUSD picture a little but not in general and the following week just built up the confidence in that.
So while you look at that as a major issue with this trading I only had a bit of doubt in my general view during the short-lived breakout.
Still I agree that the position was too oversized during the rally which was an effect of the 'no loss trades' point.

dhby
Nov 29 2015 at 11:18
11 posts
Rihan
RSTrading
Nov 29 2015 at 20:21
385 posts
These EAs(straight line EAs) look good, but in reality are a horrible way of trading as @HolyGrailPTY pointed out. They do not use stops, which is a very dangerous way of trading, some time or another the EA will take a bad trade and you will either have to ride it out (to keep your 100% rate going) or close it manually. Sometimes a dd of 1k pips is endured to make a few pips. The R:R ratio is normally horrendous.

About a year ago, I was conviced this was the way to go.. Here is my post:

https://www.myfxbook.com/community/general/my-dilemma/857694,1

A good system can not be without losses..

IXBONE
Nov 30 2015 at 03:24
97 posts
@dhby as long all values, results are private its absolute useless challenge...

@RSTrading: incorrect! if you hedge your positions asynchron, you dont need any sl, async hedges are an replacement of sl.
pls dont meaning hedge orders must not be filled, this can be happend with sl as long with async hedges, if the broker get/sends no quotes, all sl, hedges, new orders are not filled!

drawdown isnt correct callculated by myfxbook because they calc p/l from closed trades! read the blog, so your system can have a bigger myfxbook drawdown then in real!
drawdown is the loss at time X, if you close your position(s), so if you dont close your orders, no drawdown can be calculated by myfxbook...
also, if you send your statements via ftp publisher once a day, no floating loss or profit between the statements are recorded,
to get the absolut real drawdown, you have to record each tick: accountprofit() margin, equity, like i do:

Date-Time;Max Drawdown;Balance;Equity;Margin;FreeMargin;Margin%;
2015.11.30 05:15;-102;50073;50083;15;50068;333566;

this is the only one correct and real way to collect drawdown data by tick!

HolyGrailPTY
Nov 30 2015 at 07:51
120 posts
dhby posted:
Lacunoide posted:
Challenge accepted!!!

https://www.myfxbook.com/members/Lacunoide/my-life-for-aiur/1383241


You're almost there. Nice!


 Yeah is almost there, but look at his equity curve. It's pointing down. So even if he has 100% win rate, his drawdown is still floating and some positions are in red over 200 pips!

dhby
Nov 30 2015 at 08:04
11 posts
IXBONE posted:
@dhby as long all values, results are private its absolute useless challenge...



I don't think I get what you mean?

dhby
Nov 30 2015 at 08:13
11 posts
HolyGrailPTY posted:

 Yeah is almost there, but look at his equity curve. It's pointing down. So even if he has 100% win rate, his drawdown is still floating and some positions are in red over 200 pips!


Trading is quite much about the patience, so don't be so fast to judge, we'll see the result later

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