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Feb 27, 2018 at 13:10
fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
I mean its ok although only limited history.
However what I dont really like is the fact that you started with 100 and 0.01 lots (thats 1:10 leverage which is a bit too much for my taste). Now at least with 300 or so balance you are at 1:3 with 0.01.
Still the pips are pretty decent so far. Of course due to the moderately high leverage it could have gone the opposite way. I cannot judge that due to the limited history as I said. Hope it works for you in the future. Best of luck
We are all one trade away from humility
Feb 27, 2018 at 13:10
togr posted:vzografos posted:togr posted:
profit to risk ratio is NICE
Hi, can you please indicate why this is so?
Thanks
Well monthly profit and max DD are almost equal which is very good
Ok I suppose that is one interpretation. Without open history its not possible to see how much he is leveraging. Personally I think the DD is on the high side and the fact that he has a negative pips balance followed by average loss (in pips) triple the size of the average win, worst trade (pips) 5x times his best trade (pips), negative expectancy and only around 60% winning trades, I would be a bit sceptical about risk on this account. Sure it is profitable, but I think this trading strategy is very volatile if you look at the rest of the stats. Would have been nice to see how many lots he opens for.
We are all one trade away from humility
Mar 01, 2018 at 07:42
vzografos posted:fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
I mean its ok although only limited history.
However what I dont really like is the fact that you started with 100 and 0.01 lots (thats 1:10 leverage which is a bit too much for my taste). Now at least with 300 or so balance you are at 1:3 with 0.01.
Still the pips are pretty decent so far. Of course due to the moderately high leverage it could have gone the opposite way. I cannot judge that due to the limited history as I said. Hope it works for you in the future. Best of luck
if it went up , then of course it showed in drawdown :) but drawdown is 6 % that means it didnt went against :)
my strategy doesnt need grid , this works great without Grid , i added grid just to increase profit and decrease loss :)
and yes thankx and yes let see :)
skype id millennium.analyst
Member Since Feb 22, 2011
4573 posts
Mar 01, 2018 at 07:44
vzografos posted:togr posted:vzografos posted:togr posted:
profit to risk ratio is NICE
Hi, can you please indicate why this is so?
Thanks
Well monthly profit and max DD are almost equal which is very good
Ok I suppose that is one interpretation. Without open history its not possible to see how much he is leveraging. Personally I think the DD is on the high side and the fact that he has a negative pips balance followed by average loss (in pips) triple the size of the average win, worst trade (pips) 5x times his best trade (pips), negative expectancy and only around 60% winning trades, I would be a bit sceptical about risk on this account. Sure it is profitable, but I think this trading strategy is very volatile if you look at the rest of the stats. Would have been nice to see how many lots he opens for.
Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.
forex_trader_500030
Member Since Feb 23, 2018
13 posts
Mar 01, 2018 at 09:04
fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
Its just amazing to me how such crazy profits always come with some strange broker nobody ever heard about before. This is without exception.
Anyways, there is a reason why we never see accounts with such results for more than 3 months. I suspect you funded multiple accounts with 100$ and posted the one which made profit. Now you will lower the leverage and ride the results based on the first 3 weeks perfromance. Seen it many times before...
forex_trader_500030
Member Since Feb 23, 2018
13 posts
Mar 01, 2018 at 09:04
JohnSpehl posted:olla posted:OutsideTheBoxHK posted:
This is what I keep saying and noticing over and over again.
The good traders and their systems get buried on page 10 to 20 because the ranking system only takes note of the last 3 months trading performance, thus placing far too much weight on new accounts.
So this fact is abused by those who would seek to blindly and unrightfully profit from it even when they are not good traders or have a good record.
See my track record, which is now ranked at #367, far too low for what I have achieved over 12 months of hard work.
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437
Yes, OutsideTheBoxHK, you're looking good! To be #367 out of many thousands, is good! Well done!
That's pretty baller.
This is terrible. How do you suppse its good?
You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results. If you invest here, you will be risking 20%+ to make 5% monthly. Is that really good in your opinion???
Member Since Jul 22, 2013
123 posts
Mar 01, 2018 at 09:04
Adribaasmet posted:fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
Amazing graph! But, have you any old account with the same system? I am asking because this account is too young.
ForexChief - not real broker,
many brokers make thous account for AD ...
SNF-Complex system - build in 2007 \ Tested from 1970.
Mar 01, 2018 at 09:06
togr posted:vzografos posted:togr posted:
profit to risk ratio is NICE
Hi, can you please indicate why this is so?
Thanks
Well monthly profit and max DD are almost equal which is very good
Also have a look at his risk of ruin tab. 1 losing trade (34% chance) of wiping out 10% of his account. 2 losing trades for 20% etc etc. I think he is leveraging a lot. I mean he only made 100 pips or so this month but that corresponds to 4% gain on the account. I wish he would show his trade lots, but I bet they must be pretty high for this kind of volatility
We are all one trade away from humility
Mar 01, 2018 at 09:10
No martingale, no grid, no adding to losers, no praying 😁 FOR REAL
Here you go:
https://www.myfxbook.com/members/FMZ_EAs/ea/2439390
Here you go:
https://www.myfxbook.com/members/FMZ_EAs/ea/2439390
Right information at the right time.
Member Since Aug 05, 2016
119 posts
Mar 01, 2018 at 09:11
JohnSpehl posted:
Great performance!
Are you discretionary or do you trade with a box? What general setups do you work?
I think you were asking me.
I'm a manual trader.
I explain my strategy at Donna Forex at this thread:
https://donnaforex.com/index.php?topic=19712.0
PAM Fund (Mount Cook Financial). Please vouch for my system. “Learn from your mistakes and do not give up!”
Member Since Aug 27, 2017
875 posts
Mar 01, 2018 at 09:14
vzografos posted:fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
I mean its ok although only limited history.
However what I dont really like is the fact that you started with 100 and 0.01 lots (thats 1:10 leverage which is a bit too much for my taste). Now at least with 300 or so balance you are at 1:3 with 0.01.
Still the pips are pretty decent so far. Of course due to the moderately high leverage it could have gone the opposite way. I cannot judge that due to the limited history as I said. Hope it works for you in the future. Best of luck
I don’t know why most of the attached accounts are very recent! I am looking for a long time successful account (minimum 2 years).
keeping patience.......
Mar 01, 2018 at 09:17
Day Trading With New Setup.....
https://www.myfxbook.com/members/GLIFX/day-trading-ea-glifx-705/1763340
https://www.myfxbook.com/members/GLIFX/day-trading-ea-glifx-705/1763340
Mar 01, 2018 at 09:55
Adribaasmet posted:fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown
https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626
Amazing graph! But, have you any old account with the same system? I am asking because this account is too young.
Did you look at the broker and its regulations association? If you know what that means.
That's not an unreal broker. Its actually a reputable broker.
I am one of the 5-10% left in the world. Good people who love money for self and to help others. but NOT a sellout to money.
forex_trader_501187
Member Since Feb 28, 2018
10 posts
Mar 01, 2018 at 10:00
Mar 01, 2018 at 13:21
togr posted:
Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.
The numbers might be great for medium to long-term profitability but they don't tell you anything about risk. And your original comment was about risk. Looking at all the other numbers of his trading system, it is obvious that it he takes too much risk which shows as high volatility in his account.
We are all one trade away from humility
Mar 01, 2018 at 13:21
I wouldn't look at a single number to judge any account performance, let alone risk just by looking at drawdown vs profit. However, IF you want to do so yourself at least look at the proper numbers. Go to his DrawDown tab in
https://www.myfxbook.com/members/GLIFX/glifx-d-our-email-fxall24gmailcom/1798413 and look.
From July to December 2017 he has had between 37-67% drawdown, which is insane. At the same time he made around 1000 USD loss from a 8.4k balance (12% loss). If you dont think that this is risky I dont know what else.
https://www.myfxbook.com/members/GLIFX/glifx-d-our-email-fxall24gmailcom/1798413 and look.
From July to December 2017 he has had between 37-67% drawdown, which is insane. At the same time he made around 1000 USD loss from a 8.4k balance (12% loss). If you dont think that this is risky I dont know what else.
We are all one trade away from humility
forex_trader_500030
Member Since Feb 23, 2018
13 posts
Mar 01, 2018 at 13:21
togr posted:vzografos posted:togr posted:vzografos posted:togr posted:
profit to risk ratio is NICE
Hi, can you please indicate why this is so?
Thanks
Well monthly profit and max DD are almost equal which is very good
Ok I suppose that is one interpretation. Without open history its not possible to see how much he is leveraging. Personally I think the DD is on the high side and the fact that he has a negative pips balance followed by average loss (in pips) triple the size of the average win, worst trade (pips) 5x times his best trade (pips), negative expectancy and only around 60% winning trades, I would be a bit sceptical about risk on this account. Sure it is profitable, but I think this trading strategy is very volatile if you look at the rest of the stats. Would have been nice to see how many lots he opens for.
Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.
Thats not exactly true. 10% profit and 10% DD are great numbers in a vacuum but it really depends on the system and how long the track record is. If the system is a martingale, then those numbers are not good regardless of track record length. Martingale will eventually have a larger DD, so the 10% can become 20% or 30% at any point. That will ruin the calmar ratio immediately.
10% profit on 10% DD is only good if a system doesnt use any version of martingale, grid or similar strategy. It is good however if the trading is systematic, consistent, has limited risk and has at least 9 months of trading history. Oh, it can not be a scalping system because those have scalability issues. I would look for an average winning trade of 8 pips+.
Mar 01, 2018 at 13:21
sheshwan posted:
You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results.
well said. My point exactly
We are all one trade away from humility
Member Since Feb 22, 2011
4573 posts
Mar 01, 2018 at 13:22
sheshwan posted:JohnSpehl posted:olla posted:OutsideTheBoxHK posted:
This is what I keep saying and noticing over and over again.
The good traders and their systems get buried on page 10 to 20 because the ranking system only takes note of the last 3 months trading performance, thus placing far too much weight on new accounts.
So this fact is abused by those who would seek to blindly and unrightfully profit from it even when they are not good traders or have a good record.
See my track record, which is now ranked at #367, far too low for what I have achieved over 12 months of hard work.
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437
Yes, OutsideTheBoxHK, you're looking good! To be #367 out of many thousands, is good! Well done!
That's pretty baller.
This is terrible. How do you suppse its good?
You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results. If you invest here, you will be risking 20%+ to make 5% monthly. Is that really good in your opinion???
I do make my assumption based on all history
You made it based on part of it.
Who is bigger fool :)
