Looks pretty good so far but holding&hoping never works in the long run. A few times you have had a floating DD and you didnt close the trades, you held them. It worked out for you but what happens when price moves against you (and it will)? These systems only work for a limited period of time and at some point they all face a big DD. Its inevidable and its guaranteed to happen.
Looks pretty good so far but holding&hoping never works in the long run. A few times you have had a floating DD and you didnt close the trades, you held them. It worked out for you but what happens when price moves against you (and it will)? These systems only work for a limited period of time and at some point they all face a big DD. Its inevidable and its guaranteed to happen. Thanks for your input, august last year i took a loss at 3%, as i felt i was totally wrong with the basket, my hard stop is at 6% and is coded into the EA,
Also holding&hoping is not the core strategy, its more based on risk management and leverage, the reason im able to endure wide swings boils down to the fact I use small lot sizes, and never usually anything over 1:5 leverage, all my MAM investors have a minimum of 10k and the MAMs run at 1.5 x Max Risk, yes a few times I held the trades and was reaching 4-5% dd, for me 4-5% dd is acceptable, it really depends on peoples risk appetites
Yes price will eventually move strongly against me, but with managing risk and closing out this is mitigated,
There are threads where you can go advertise your trading accounts, but with stricter rules.
I would like to invite traders to show off their accounts here if they pass certain criteria.
The criteria :
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments) 2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest) 3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate) 4)The account must be older than 3 months, maybe this is even still too young. 5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
That's it. Only these five things. If your account passes that, feel free to let others know. There will be those that are disgruntled they cannot participate and will try to justify their way of trading, please ignore them - if it works for you, then great - maybe start a new thread and invite others trading that style to participate. - As I said, this place is not for arguing, it is for displaying accounts that potential investors might want to follow based on the criteria above. This thread is not intended to badmouth other trader's ways.
Great trades with low DD. Would you mind to open up more details, such as trading history? Thanks
Hello, thanks, and no, I think the only important thing to show, are the statistics, it is the only thing that should matter to an investor, who is interested in other things, for sure it is not an investor.
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