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Who can earn 100% return a month with a DD below 50% and on a regular basis?

FxMasterGuru (FxMasterGuru)
Dec 21 2015 at 12:32
1607 posts
@wernerdj7

Please see my edited post above.

To answer your question: 'a p-value helps you determine the significance of results'. When sample size is low, its 'p-value' is high, which means that the results COULD BE due to randomness (but not necessarily), and so they have less reliability.

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wernerdj7
Dec 21 2015 at 13:07
8 posts
its a EA bot, i try it in januari with a start amount of €3000.
we will see!:)

i thought 107 transacties all is win trades. so i think its really safe.

FxMasterGuru (FxMasterGuru)
Dec 21 2015 at 13:39
1607 posts
@wernerdj7

As mentioned, what really concerns me is the fact that there not a single stop loss. It means that the EA might follow a 'Win or Die' strategy, so the entire account is at risk.

As the enclosed screenshot confirms, the shown trade went into -26.9 pips DD with 10 lots, so the DD was -2577 USD... (Interestingly the trader has withdrawn 3500 USD profit right after this SCARY trade.)

But what if the price had gone against the trade by another -100 or -200 pips without looking back...?? It is simple: Margin Call and crash of the account.

You can see it yourself if you hover your mosue cursor above the pink shaded area on the right (directly on the strategy's Trade History).



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wernerdj7
Dec 21 2015 at 14:45
8 posts
oke yes i have a money management of 5% of his balance.
i think 5 % is also his stop loss.

HolyGrailPTY
Dec 21 2015 at 15:21
120 posts
FxMasterGuru posted:
@wernerdj7

As mentioned, what really concerns me is the fact that there not a single stop loss. It means that the EA might follow a 'Win or Die' strategy, so the entire account is at risk.

As the enclosed screenshot confirms, the shown trade went into -26.9 pips DD with 10 lots, so the DD was -2577 USD... (Interestingly the trader has withdrawn 3500 USD profit right after this SCARY trade.)

But what if the price had gone against the trade by another -100 or -200 pips without looking back...?? It is simple: Margin Call and crash of the account.

You can see it yourself if you hover your mosue cursor above the pink shaded area on the right (directly on the strategy's Trade History).




 Remember that most EA's use hidden stop loss, in which orders are hedged once the desired sl is hit. Example the ea i uses doesn't us a hard stop loss, but once the bid touches a given price, then the EA automatically hedges the open order and then closes the losing trade. That of course will never show up on myfxbook as it is a code written into the script!

FxMasterGuru (FxMasterGuru)
Dec 22 2015 at 00:23
1607 posts
The bottom line: Since there is no single loss in trade history it is simply impossible tell where is the 'hidden' stop loss. If there was a SL at all...

The DD in the above provided example was -5.7% so the SL is definitely more than -5%.

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HolyGrailPTY
Dec 22 2015 at 07:23
120 posts
FxMasterGuru posted:
The bottom line: Since there is no single loss in trade history it is simply impossible tell where is the 'hidden' stop loss. If there was a SL at all...

The DD in the above provided example was -5.7% so the SL is definitely more than -5%.


 Look closer.... The trade might be hedging his losses, in which he comes back to the loss and closes it while it is in green.

wernerdj7
Dec 22 2015 at 11:04
8 posts
yes i think its a real safe system!

Robot 2015
Robot2015
Dec 23 2015 at 07:29
18 posts
hermonysystem
Dec 23 2015 at 15:42
169 posts
Robot2015 posted:
https://www.myfxbook.com/members/Robot2015/robot-2015/1452764


Yes is possible... low DD and good return.


gr8 job keep it up.But hope its not arbitrage.

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