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Hey Traders and who which use an EA and think they are Traders!

Siya
Siya
Dec 29 2011 at 07:34
15 posts
I trade for two months on a demo account, with.. I think very good results.

But what do you think, I want to know?!?!

thanks

regards

forexproptrader
Dec 30 2011 at 09:33
25 posts
Sounds good, that's one of the great things about FX trading you can fund a small live account to test out your trading.

liquidityFX (liquidityFX)
Dec 30 2011 at 13:07
61 posts
nice, took a look at your history...does look like you're playing a risky game increasing to so many lots. (only reason I checked is because of the high win rate).

Not saying it's bad, but it is risky, be careful with opening too many positions, margin in there for a reason, and myfxbook only shows drawdown for balance, not equity.

When you fall you learn, then you get up and you try again until you master it.
Siya
Siya
Dec 30 2011 at 14:36
15 posts
hi, thx

you're absolutely right! i already decided, to change this..

liquidityFX (liquidityFX)
Dec 30 2011 at 17:02
61 posts
Glad to help, I hope you do well! :)

When you fall you learn, then you get up and you try again until you master it.
Voffi (Voffi)
Dec 31 2011 at 09:35
64 posts
No stop loss is always a red flag in my mind.. and also seeing the yellow (equity) line under the red (growth) line does not increase my confidence either.

The first thing that pops in my mind when I see a high win rate is that the person holds on to his losers.. and hints at a psychological problem that he cannot take losses well, and thus does not cut them short.

Another thing that is a turn off for me is seeing the average loss both in the pips and monetary comparisons being larger than the average winner (which hints he does not let his winners run).

    * also the worst trade being almost twice as big as the best trade.




I've seen this behavior on so many systems on myfxbook, I really should just copy and paste this in the future..


Beware of the black swan my friend.

Best regards, Stefan.

A person is only limited by the thoughts he chooses.
rob559
Dec 31 2011 at 15:49
1916 posts
LOOKING LIKE A MARTINGALE,I WOULD TRY ON A SMALL LIVE ACC FOR LONG TIME ,PERSONALLY I DON'T LIKE THIS INCREASING IN THE LOT SIZE,GOOD THAT YOU DEMOED FIRST ,,CAREFULL WITH LIVE MONEY😄

Siya
Siya
Jan 01 2012 at 10:37
15 posts
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