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forbiddenGame (forbiddenGame)
Sep 28 2018 at 05:31
7 posts
sjkhaushu posted:
togr posted:
sjkhaushu posted:
ForexAlgoTrading posted:
Hi All,
Appreciate my account is still young but so far with very low drawdown (under 3%) we've achieved over 100% return

https://www.myfxbook.com/members/ForexAlgoTrading/forexalgotrading-sha/2677716

Appreciate any comments, queries etc. Please no abuse! 😁




Come on man... The results are obviously manipulated, especially DD. DD was over 50% already. Just look at the second trade you took. It was down 73 pips but you kept it open and came back to profit. 73 pips with your risk is over 50%. You should be bannec for manipulatiing results this way.
Within a month your account will be blown or in a huge DD if you keep the same risk. Not even worth looking at...


Not being judge for any side
but how can be fully verified account manipulated,
please explain as this would destroy the very meaning of myfxbook.


Check the second trade he took. It closed for 6.4 pips which was 4.45% profit. The trade was 73 pips down at some point which means it was down over 50%. He added the account on myfxbook on September 19, this trade happened 2 weeks earlier and was opened for almost 2 days. Apparently myfxbook did not record the DD that happened during that time. Thats why the results are manipulated. There were other trades that were down over 20 pips at some point which would mean 15% or more DD but myfxbook diid not record the DD on those trades as well. My guess is this guy disconnects the account during the times when his trades are opened and updates it when they are already closed. Thats how he can manipulate the DD.





 



Well Why are you even look att the system. Risk is way to high and the account will blow soon or later....


BluePanther (BluePanther)
Sep 28 2018 at 05:32
1354 posts
ForexAlgoTrading posted:
Hi Matt, my response wasn't to you. Appreciate it's not 3 months yet..


No, if you appreciated the fact it is not 3 months yet, then you would not have posted your system here.
Appreciate this fact, and appreciate the rules that govern this thread.

ForexAlgoTrading (ForexAlgoTrading)
Sep 28 2018 at 05:32
16 posts
togr posted:
sjkhaushu posted:
togr posted:
sjkhaushu posted:
ForexAlgoTrading posted:
Hi All,
Appreciate my account is still young but so far with very low drawdown (under 3%) we've achieved over 100% return

https://www.myfxbook.com/members/ForexAlgoTrading/forexalgotrading-sha/2677716

Appreciate any comments, queries etc. Please no abuse! 😁




Come on man... The results are obviously manipulated, especially DD. DD was over 50% already. Just look at the second trade you took. It was down 73 pips but you kept it open and came back to profit. 73 pips with your risk is over 50%. You should be bannec for manipulatiing results this way.
Within a month your account will be blown or in a huge DD if you keep the same risk. Not even worth looking at...


Not being judge for any side
but how can be fully verified account manipulated,
please explain as this would destroy the very meaning of myfxbook.


Check the second trade he took. It closed for 6.4 pips which was 4.45% profit. The trade was 73 pips down at some point which means it was down over 50%. He added the account on myfxbook on September 19, this trade happened 2 weeks earlier and was opened for almost 2 days. Apparently myfxbook did not record the DD that happened during that time. Thats why the results are manipulated. There were other trades that were down over 20 pips at some point which would mean 15% or more DD but myfxbook diid not record the DD on those trades as well. My guess is this guy disconnects the account during the times when his trades are opened and updates it when they are already closed. Thats how he can manipulate the DD.





 


I got your point. It seems the account was in 345/500 DD.
But did you take in account there could be other open positions at the same time with such profit?


I'm don't know what to say when people are saying that this is manipulated through disconnecting and connecting. I simply have connected this account to Myfxbook and let it run. We backtest hundreds of systems and this one generated amazing results, this live account we are running as the forward test to validate it and the results so far are matching what we saw. Yes it's possible it's not sustainable but this is part of the forward test.
This is all part of the process of going live... backtest --> demo --> small live test --> scale up. Everyone should do this as part of their due diligence and validation of a system success.



The backtest on 100% historical data I ran from 1st January 2018 to 27th August 2018 showed a total of 133 trades with no loss. However, you can see from the backtest results there is equity drawdown like all systems. The system is on a winning streak and I'm sure at some point it will come to an end.. however, I hope before that happens I'd have taken out what I initially put in and some more.

Attachments:


The Future of Trading -
earndailyprofit
Sep 28 2018 at 05:34
3 posts
Hi All,

Please check my performance on following links and if it is satisfactory then we can go ahead for business association.

1. Old Account : : In Nov 17 , account closed and shifted to another broker hence showing –ve result.
https://www.myfxbook.com/members/earndailyprofit/iceberg-old/1676825
2. Live Account:
https://www.myfxbook.com/members/earndailyprofit/iceberg-2/2316262
3. Demo Account:
https://www.myfxbook.com/members/earndailyprofit/perennial/2644577
4. Multiplactous Finance-1 Demo Account:
https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-1/2666325
5. . Multiplactous Finance-2 Demo Account:
https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-2/2673655

rickyb
Sep 29 2018 at 04:56
83 posts
drawdown figures for myfxbook is its one major weakness.you could have a flash crash of many pips and not be detected.is because updates can be so far apart in time.sometimes many hours.a victim of its own success with thousands of accounts clogging server.so drawdown is calculated with some guess work using about 3 methods which you can look up on.still the best we have to measure the success of an account in performance. and bench mark for forex.

pipscalper71
Sep 30 2018 at 07:01
140 posts
I can guarantee you that My Fx Book and even Meta Trader do not show the correct open trade draw down. The closed trade DD is fairly accurate but the open trade draw down is not even close.

Last year I was running a $10k live account and ended up with a -$3500 floating loss (35% open trade draw down) at one point, and My Fx Book only showed 18% DD. For myself closed trade DD is very important, but most people seem to ignore open trade DD which to me is even more important for blowing up any account.

That back test above does not show modelling quality, it only shows history quality which is not the same. I use Tick data Suite with tick data and get 99% modeling quality, which is pretty accurate but does not guarantee the same future results by any means.

AniLorak
Sep 30 2018 at 07:01
920 posts
earndailyprofit posted:
Hi All,

Please check my performance on following links and if it is satisfactory then we can go ahead for business association.

1. Old Account : : In Nov 17 , account closed and shifted to another broker hence showing –ve result.
https://www.myfxbook.com/members/earndailyprofit/iceberg-old/1676825
2. Live Account:
https://www.myfxbook.com/members/earndailyprofit/iceberg-2/2316262
3. Demo Account:
https://www.myfxbook.com/members/earndailyprofit/perennial/2644577
4. Multiplactous Finance-1 Demo Account:
https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-1/2666325
5. . Multiplactous Finance-2 Demo Account:
https://www.myfxbook.com/members/earndailyprofit/multiplactous-finance-2/2673655
Mate, your old account is quite impressive than your live; whatever, just keep it up.

Money Management
mmltd
Sep 30 2018 at 07:07
31 posts
earndailyprofit posted:
2. Live Account:
https://www.myfxbook.com/members/earndailyprofit/iceberg-2/2316262


You seem to never close bad trades. Your deposit on year ago is the same as current equity, so there is zero profit in 1 year. Whats the point?

OutsideTheBoxHK
Sep 30 2018 at 07:13
129 posts
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437

September 2018 month totals....
10.33% for the month
73.4% for the last 12 months

September saw a wild ride and new allocations into our fund.
My strategy has retained its edge long enough for our capital to compound amazingly well.
This is when exponential benefits start to kick in quite quickly for those who have invested early on with a good strategy and good trader.

Attachments:


Listed at Darwinex or Trade Copying (MQL5, SignalStart). Please vouch for my system. “Learn from your mistakes and do not give up!”
sniperchavvv
Oct 01 2018 at 07:52
3 posts
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