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Do you think you can turn $200 into $400 in six weeks?

CrazyTrader (CrazyTrader)
Jun 24 2014 at 20:23
1718 posts
If you want... but you are going to compare something where I'm not supposed to be skilled.

If you want something to compare... here we go:


Here is an interesting drawdown: Happened today on GBPUSD this morning:







To me:
If you are a scalper and closes your wrong trades from 0 to 3 pips, then the Pip Drawdown isn't important for you because it will never so wrong.

Pip Drawdown could be important to look at if you day trading. So you can compare what in general you are ready to risk to reach your target.

Attachments:


CrazyTrader (CrazyTrader)
Jun 24 2014 at 20:28
1718 posts
By the way... I still don't get where this 7 Pip Drawdown come from?

My reward is 3 times yours.

I prefer to care about Time profitable, Entry accuracy and especially EXIT ACCURACY.

Master_Kiwa
Jun 24 2014 at 20:35
402 posts
Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.

Focus on pip-drawdown
CrazyTrader (CrazyTrader)
Jun 24 2014 at 20:46
1718 posts
Master_Kiwa posted:
 Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.


Yes for sure...

I have traded this demo account like it was real money... otherwise i simply open 1 trade with 20 lots and i win the contest with 10 pips

Master_Kiwa
Jun 24 2014 at 22:04
402 posts
CrazyTrader posted:
Master_Kiwa posted:
 Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.


Yes for sure...

I have traded this demo account like it was real money... otherwise i simply open 1 trade with 20 lots and i win the contest with 10 pips


 Well why haven't you deposited with real money then?

Focus on pip-drawdown
CrazyTrader (CrazyTrader)
Jun 24 2014 at 22:23
1718 posts
Because you said everyone could join demo or live ! ! !... you want me to Quote you?

And because you challenged me with 3 Pips Drawdown... So I got in the 'Dirty Girl Competition'

Master_Kiwa
Jun 24 2014 at 22:29
402 posts
Well I don't recall saying that, yet why don't you deposit in real account, and see how well it will go .

Focus on pip-drawdown
CrazyTrader (CrazyTrader)
Jun 24 2014 at 22:59
1718 posts
Master_Kiwa posted:
 Well I don't recall saying that, yet why don't you deposit in real account, and see how well it will go .


Well you should... ' as mentioned ' is one of your favorite sentence lately.

I remember saying I will create a special live account for this type of trading style only if i kicked your ass on the competition.

I have to warm a bit you know... you have been scalping for 11 years, and me I tried since 1 week!

CrazyTrader (CrazyTrader)
Jun 24 2014 at 23:14
1718 posts
Master_Kiwa posted:

So crazy trader. If you can open 20 trades, in which you gain 3 pips before you lose 3 pips I myself will send you via moneybookers 1kusd. So open up your demo, and please get started if you want your 1k usd. Hope you can back up what you hold to be true!


Here we go !!! remember? You wrote this !

Master_Kiwa
Jun 25 2014 at 04:03
402 posts
CrazyTrader posted:
Master_Kiwa posted:

So crazy trader. If you can open 20 trades, in which you gain 3 pips before you lose 3 pips I myself will send you via moneybookers 1kusd. So open up your demo, and please get started if you want your 1k usd. Hope you can back up what you hold to be true!


Here we go !!! remember? You wrote this !

 
 
 Since you want the 1k, please provide the snap shots of your mt4, in which you took positions which you held for more then 10 mins.


 Have a look at that trade. What do you notice? Do you see how after I entered the position I didn't give the market any pips back? That is a low drawdown. I can assure you that those trades which you closed for 3 pips profit, and held for more then 10 mins, resulted in you being in RED for most of the time. So since you say that myfxbook seems to have an error (only with your account) in calculating the pip-drawdown please post the accounts. I would log into your account, but frankly I am not in the mood.

Attachments:


Focus on pip-drawdown
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