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GLIFX
Apr 19 2018 at 10:56
48 posts
LongVision
Apr 19 2018 at 13:54
254 posts
GLIFX posted:
pro system below..

https://www.myfxbook.com/members/GLIFX/glifx-forex-ea-email-fxall24gmailcom/1798413


Drawdown Chart show 90% drawdown and also Expectancy is negative -5.4 Pips and you are calling yourself Professional fund manager?I think your system show profit only because of some lucky trade and floating DD recovery.

The market will trade through it’s path of least resistance .
AniLorak
Apr 19 2018 at 13:54
920 posts
sjkhaushu
Apr 19 2018 at 13:55
143 posts
FxMasterGuru posted:
@sjkhaushu

Good points. I guess, only the future will reveal the answers to your questions.

I would add that the January-February period shows that the trader DOES take SMALL LOSSES when the situation warrants and does not let floating DDs to accumulate, so I would argue with the ''the DD will definitely get larger'' statement.

The acceptance of small losses shows good risk management supported by the fact that the ''Average Win'' is 125 pips while the ''Average Loss'' is only 50 pips with a 1:1 ''Win : Loss'' Ratio. Pretty good ratios in my humble opinion...



It is not all so simple. In Jaunary-February, he let some of the trades go down 150+ pips just wo wait for them to come back and close them with a small loss. This could be part fo the strategy or just looking out for the stats, we dont really know. Those trades could have easily gone the other way, what then?

Avg Loss vs Acg Win is also manipulated due to above mentioned things. There have been multiple trades that were open for 2weeks or more and were in loss most of the time. He was just waiting for them to come back to -50 and then closed them. The stats dont tell the full story. If he was using set SL these would not be valid concerns but because he is not, I want to see longer history.

But the system is definitely top 3 for me on myfxbook. Good job mate!

NamasInv
MM777
Apr 19 2018 at 19:32
39 posts
sjkhaushu posted:
FxMasterGuru posted:
@sjkhaushu

Good points. I guess, only the future will reveal the answers to your questions.

I would add that the January-February period shows that the trader DOES take SMALL LOSSES when the situation warrants and does not let floating DDs to accumulate, so I would argue with the ''the DD will definitely get larger'' statement.

The acceptance of small losses shows good risk management supported by the fact that the ''Average Win'' is 125 pips while the ''Average Loss'' is only 50 pips with a 1:1 ''Win : Loss'' Ratio. Pretty good ratios in my humble opinion...



It is not all so simple. In Jaunary-February, he let some of the trades go down 150+ pips just wo wait for them to come back and close them with a small loss. This could be part fo the strategy or just looking out for the stats, we dont really know. Those trades could have easily gone the other way, what then?

Avg Loss vs Acg Win is also manipulated due to above mentioned things. There have been multiple trades that were open for 2weeks or more and were in loss most of the time. He was just waiting for them to come back to -50 and then closed them. The stats dont tell the full story. If he was using set SL these would not be valid concerns but because he is not, I want to see longer history.

But the system is definitely top 3 for me on myfxbook. Good job mate!


Thanks for your comments,
I will try to maintain this system as long as possible

Loic Hellard
challenger
Apr 20 2018 at 17:23
129 posts
robertvolta (robertvolta)
Apr 20 2018 at 17:32
11 posts
Here is my profitable account.

Just over 24% over a one year period.

https://www.myfxbook.com/members/robertvolta/volta-gnuace-one/2318727

Please review and provide feedback as you see fit. I would love to chat with someone who is providing their system as a service to other investors.

Thanks in advance!

We are the music makers and we are the dreamers of dreams.
snapdragon1970 (snapdragon1970)
Apr 20 2018 at 19:00
1944 posts
robertvolta posted:
Here is my profitable account.

Just over 24% over a one year period.

https://www.myfxbook.com/members/robertvolta/volta-gnuace-one/2318727

Please review and provide feedback as you see fit. I would love to chat with someone who is providing their system as a service to other investors.

Thanks in advance!


Stop loss is pretty big
Win Vs Loss improvement wouldn't go a miss.

"They mistook leverage with genius".
Money Management
mmltd
Apr 21 2018 at 11:08
31 posts
robertvolta posted:
Here is my profitable account.

Just over 24% over a one year period.

https://www.myfxbook.com/members/robertvolta/volta-gnuace-one/2318727

Please review and provide feedback as you see fit. I would love to chat with someone who is providing their system as a service to other investors.

Thanks in advance!


You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.

nzkiwi
Apr 21 2018 at 12:03
35 posts
sjkhaushu posted:
FxMasterGuru posted:
REALISTIC posted:
MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660


Hi, i think you have a good trading system.


Agree, and I would go even further: It is BETTER than ''good''.

The statistical parameters are excellent in all regards. One of the best strategies on MyFxBook.


Yes, the account looks very good but there are some big issues which will get even bigger in time. The main problem I have is that there are no stop losses. This can be very damaging, especially because the account looks to be traded manually. The leverage used is also pretty significant and can cause a large DD very quickly. I also dont like the volatility in monthly profits. There have been months with 80% and two times 40%, on the other hand you have months with only 2%. The DD will definitely get larger at some point and will exceed the avg monthly profit.

But all in all, it is definitely one of the best accounts on myfxbook. But because of the above mentioned things, I would like to see what happens when real adversity occurs. How will he handle the floating DD? How will he handle the losses when they happen?

It is also a cent account and as we all know trading larger amounts is very different mentally than trading peanut money. Lets see what happens...




The crux is this: It is a cents account, and I suspect a scalper,(the closing times are omitted) . Anyhow as it's a cents account the brokers do not as a rule send small accounts off to their liquidity providers as they can easily cover the trades themselves. So if it is a scalper, they will be getting excellent fills as slippage on what is effect the demo platform is very very low. Run this system on a real non cents account and the broker will be sending you off to liquidity providers adding 100 millisecs lag. Slippage will flatten out the profit. Basically scalping cents accounts should be treated as being on par with demo accounts

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