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Myfxbook Autotrade

PhilTrader (PhilTrader)
Oct 12 2017 at 14:45
13 posts
I use him for some weeks - he always was good - only now he took the wrong drugs as it seems and so I now kicked him - hoping he is right and USDGBP will drop - otherwise he will ruin my lasts months earning with 2 trades !

Agagon
Oct 12 2017 at 14:46
23 posts
Turtle is martingale and the martingale was triggered today. It is very scary, I will unsubscribe right after these two trades are closed. I did not unsubscribe before because the fear of missing out won the psychological battle to my common sense. Obviously I was very stupid.

fxgar
Oct 12 2017 at 14:47
14 posts
chanelle2014 posted:
Anyone has experience with Turtle EUR? The negative drawdown is getting huge with big lot trade entered. Please advise. TQ


There are absolutely no good traders on autotrade. Turtle is ok but not even close to being good. The DD right now is much too high, especially if the system makes just 3% per month on average. It is clear that this provider just wants to keep his equity line smooth so he doesnt want to close the losing trades. They may come back but if they dont, the loss will be really big and the account will need months to recover.


tephra
Oct 12 2017 at 14:52
16 posts
Go turtle, go turtle.. turn that sad face upside down.. lol

OLSH (OLSH)
Oct 13 2017 at 08:59
7 posts
fxgar posted:
chanelle2014 posted:
Turtle is ok but not even close to being good. The DD right now is much too high, especially if the system makes just 3% per month on average.



I agree completely. The DD is too high. If it were a 13% drawdown with a average monthly gain of 26%+ okay that would work but a DD of 13% with only an average gain of 3% is a disaster waiting to happen.

Agagon
Oct 13 2017 at 09:01
23 posts
tephra posted:
Go turtle, go turtle.. turn that sad face upside down.. lol


Don't think the strategy made some magic, just some favorable news regarding brexit negotiations. I feel relief but it was just luck, I am done with Turtle. One day sooner or later it will blow up everyone account

spereira
Oct 13 2017 at 09:28
16 posts
I also have a feeling that providers are not very good...so the question is where can we find decent providers, since from what I have seen in MQL5, is pretty awfull in general..?

togr (togr)
Oct 13 2017 at 09:29
4862 posts
Guys
BTW what is your expectations for a system to follow it?
I expect low risk, high profit, stability and long history.
But what are the numbers like DD <20%, monthly profit >5%, at least 3, 6 ,12 months history?

milktm (milktm)
Oct 13 2017 at 12:46
24 posts
OLSH posted:
fxgar posted:
chanelle2014 posted:
Turtle is ok but not even close to being good. The DD right now is much too high, especially if the system makes just 3% per month on average.



I agree completely. The DD is too high. If it were a 13% drawdown with a average monthly gain of 26%+ okay that would work but a DD of 13% with only an average gain of 3% is a disaster waiting to happen.


That dd with monthly gain sound almost like my system. But too bad myfxbook is still pending my application to become an autotrade provider. I wish I can help you guys in some ways or another and grow our account together. This is the link to my account.. https://www.myfxbook.com/members/milktm/sgken/2207519

What you do today determine what you become tomorrow
fxgar
Oct 15 2017 at 06:21
14 posts
What I am looking for is average monthly profit vs max DD has to be around 1:1, no martingale, no scalping, history 6+ months, regulated broker.

If DD is 10% and avg profit is 5% I dont even look at the system. It just doesnt give a good enough return relative to the risk.

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