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dato1989 (dato1989)
Nov 03 2016 at 11:01
47 posts
https://www.myfxbook.com/members/dato1989/fxman2/1845469 hello here is continuation of the trading system Fxman on a new broker 'pepperstone' after broker change

patrickx (patrickx)
Nov 05 2016 at 11:14
86 posts
https://www.myfxbook.com/members/patrickx/micks-trading--icmarkets-/1513366

My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
FxMasterGuru (FxMasterGuru)
Nov 05 2016 at 12:44
1607 posts
patrickx posted:
https://www.myfxbook.com/members/patrickx/micks-trading--icmarkets-/1513366


@patrickx

Why not showing the account's ENTIRE trade history...?

Maybe because the Max. DD is more than 3x higher then the Average Monthly Profit...?

Isn't any other way to make this ratio looking better than limiting viewable trade history...?



Attachments:


Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
ricki72
Nov 05 2016 at 14:04
238 posts
iran_trader1 posted:
1600% profit in 3month.
with stop loss.
price action trading no ea.
join my signal.
https://www.myfxbook.com/members/iran_trader1/iran-trader-pr-action/1748063


Goodbye! 😡
I was so stupid to join this crap!
Big DD at the end and then 'boom!'
It was more a grid-martingale-kamikaze strategy at the end. He tried to recover by opening 20, 30 Postions in only one pair with very high lotsizes.
Absolutely nothing to do with 'technical analyse. price action and stop loss'. Just gambling and bull-***t 😕
Well with over 20 subscribers in MQL5 he made a lot of money.

The differenece between who your are and who you would like to be be is what you do
patrickx (patrickx)
Nov 05 2016 at 15:28
86 posts
Hi Guru,
different strategy since Sep 12th, that's why... my thoughs were that everybody can click on Custom analysis to easily see Entire history so you can't 'hide' it.
Btw. do you consider entire history +1641% with 37% avg monthly growth and 35% DD so bad that I should hide it? ;-)
Take care,
Mick


FxMasterGuru posted:
patrickx posted:
https://www.myfxbook.com/members/patrickx/micks-trading--icmarkets-/1513366


@patrickx

Why not showing the account's ENTIRE trade history...?

Maybe because the Max. DD is more than 3x higher then the Average Monthly Profit...?

Isn't any other way to make this ratio looking better than limiting viewable trade history...?


My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
patrickx (patrickx)
Nov 05 2016 at 15:34
86 posts
Btw. it's kind of strange as I see diff numbers than you have on your printscreen - I see 37% monthly avg vs. 35% DD...
can anybody else confirm what numbers he gets?
thanks
Mick

FxMasterGuru posted:
patrickx posted:
https://www.myfxbook.com/members/patrickx/micks-trading--icmarkets-/1513366


@patrickx

Why not showing the account's ENTIRE trade history...?

Maybe because the Max. DD is more than 3x higher then the Average Monthly Profit...?

Isn't any other way to make this ratio looking better than limiting viewable trade history...?


Attachments:


My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
FxMasterGuru (FxMasterGuru)
Nov 06 2016 at 00:00
1607 posts
patrickx posted:
Btw. it's kind of strange as I see diff numbers than you have on your printscreen - I see 37% monthly avg vs. 35% DD...
can anybody else confirm what numbers he gets?
thanks
Mick

FxMasterGuru posted:
patrickx posted:
https://www.myfxbook.com/members/patrickx/micks-trading--icmarkets-/1513366


@patrickx

Why not showing the account's ENTIRE trade history...?

Maybe because the Max. DD is more than 3x higher then the Average Monthly Profit...?

Isn't any other way to make this ratio looking better than limiting viewable trade history...?



@patrickx

You are right Patrick: 37% Monthly Profit with -35% max. DD... So it is not that bad, after all. I apologize.

But yeah, I would hide the -35% DD... Why...?

Because I would not invest $500k in a strategy with -35%, i.e. -$175,000 potential drawdown... Would you...?

Why did I mention $500k investment? Because with $500k and 37% monthly gain I could profit about $185k per year and after paying income taxes, I would have left with about $120k net profit per year, i.e. $10k a month. It would not make me ''rich'', but it would give me a decent standard of living in the western world.

In summary: I would have to watch my equity to drop by -175k to profit 10k/month... Well, it is not for me... A -$175k equity drop would be simply too steep for me - and bad for my sleep and health - for a $10k monthly profit.

Not to mention that if I were just an investor, I would be charged with pre-tax ''management fee'', so that $10k per month is probably just $6k/month for an investor client.

So what be a proposal for an investor client: ''You could expect net $6k per month if you were willing to watch your $500,000 invested equity to drop by -$175,000 without any guarantee of recovery.'' Right...?

P.S. As the below screenshot shows you have withdrawn your deposit completely - i.e. now you are playing 'risk-free' with the casino's chips - which shows that you have the same level of confidence in your strategy as I would have.




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patrickx (patrickx)
Nov 06 2016 at 07:02
86 posts
Guru,
Please read your sentence again and check the Math here:-)

In your example of 500k, I'm not sure where did you get 10k monthly? If my growth is 37% and max DD 35%, ratio is around 1:1. That means 185k MONTHLY profit with potential 170k risk, i.e. you need one month to COVER your max. DD if that happens. Sounds correct?

Obviously, adjusting your risk is possible so you can set 5% growth with 5% max. DD, whatever is comfortable for you. Risk is very individual thing and you're right that risking 30% of 1k is different thing than 30% DD of 500k.

FxMasterGuru posted:
Because with $500k and 37% monthly gain I could profit about $185k per year and after paying income taxes, I would have left with about $120k net profit per year, i.e. $10k a month. It would not make me ''rich'', but it would give me a decent standard of living in the western world. In summary: I would have to watch my equity to drop by -175k to profit 10k/month... Well, it is not for me..

My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
doniperry
Nov 06 2016 at 08:07
1 posts
https://www.myfxbook.com/members/doniperry/lionbrookefx/1772633

Trading for a while....but added $1K to this account on 9/1/2016

Good luck trading everyone.

FxMasterGuru (FxMasterGuru)
Nov 06 2016 at 10:00
1607 posts
patrickx posted:
Guru,
Please read your sentence again and check the Math here:-)

In your example of 500k, I'm not sure where did you get 10k monthly? If my growth is 37% and max DD 35%, ratio is around 1:1. That means 185k MONTHLY profit with potential 170k risk, i.e. you need one month to COVER your max. DD if that happens. Sounds correct?

Obviously, adjusting your risk is possible so you can set 5% growth with 5% max. DD, whatever is comfortable for you. Risk is very individual thing and you're right that risking 30% of 1k is different thing than 30% DD of 500k.

FxMasterGuru posted:
Because with $500k and 37% monthly gain I could profit about $185k per year and after paying income taxes, I would have left with about $120k net profit per year, i.e. $10k a month. It would not make me ''rich'', but it would give me a decent standard of living in the western world. In summary: I would have to watch my equity to drop by -175k to profit 10k/month... Well, it is not for me..


@patrickx

Yes, you are right, my math was off. So I just wonder why haven't you invested more in the strategy instead of withdrawing your deposit?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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