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04A - T (By NextLevelForex)

Gain : -10.97%
Drawdown 13.08%
Pips: -823.7
Trades 297
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Automated

04A - T Discussion

NextLevelForex (NextLevelForex)
May 19 2011 at 18:48
262 posts
This account is part of a live, real-money portfolio, traded for the reasons,
and following the guidelines described in <a href='https://NextLevelForex.com'><i><u>NextLevelForex.com</u></i></a> newsletters.

Balance, lot sizes, trading history and other details are available to subscribers.

To get in touch, please <a href='https://NextLevelForex.com'><u>sign up</u></a> and find the contact info in the welcome letter...

Happy trading!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex (NextLevelForex)
Nov 29 2011 at 20:11
262 posts
When I started the NextLevelForex project, I had a very strong reason for picking (semi-)automated trading: I wanted a business that I can put on hold whenever I want, for as long as I want. Now the time came to put that feature to the test, since I’m soon going to take a longer vacation… To my surprise, I had a good amount of hesitation. “Why should I stop trading? that will just mess up my stats”, “there is a high chance the next two weeks are going to be quite profitable, so let’s trade for just a few more days”, and other similar rationalizations were going through my head. Luckily, I was able to recognize them, and today (2011.11.29) at 9:40 PST I pulled the plug!

Here is the status and the plans moving forward, for the systems on my public profile:
  01A - S: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  02A - A: continue to run with minimum lot size = a lot smaller (10x - 30x) than regular; plan to resume trading on Jan 15
  03A - G: continue to run with minimum lot size = a lot smaller (5x - 20x) than regular; plan to resume trading on Jan 15
  04A - T: stopped today; may resume trading on Jan 15; due to poor performance, also considering replacing the system
  16M - M06: not traded, since the trader and I agreed on something that did not happen yet; keep on hold until Jan 15

Happy Holidays!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex (NextLevelForex)
Jan 23 2012 at 02:30
262 posts
As mentioned above, on Nov 29, 2011 I stopped trading the system exclusively traded here since account opening.
Today, Jan 22, 2012, I started forward testing another system, so I'm going to set the Custom Start date to today.

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
SaltyWaters
Jan 23 2012 at 04:56
247 posts
What happened to this account?
Why did the results get so far from your guidelines?

No offense, I'm just curious.

NextLevelForex (NextLevelForex)
Jan 23 2012 at 05:01
262 posts
What exactly do you mean? Because it's not updated? It was idle until today, will show some activity soon.
It lost money throughout 2011, and now I'm going to use it to test a different strategy. (see above post)

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex (NextLevelForex)
Jan 23 2012 at 05:03
262 posts

   SaltyWaters posted:
   What happened to this account?
Why did the results get so far from your guidelines?

No offense, I'm just curious.


I replied to your original post (before you edited it). Now you ask about guidelines, and I'd like to answer that, but need you to be more specific in your question. Are you asking why I dropped the system traded there?

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
SaltyWaters
Jan 23 2012 at 05:10
247 posts
I didn't see any guidelines in your website. I'm curious to know what guidelines were there and why did it fail?

NextLevelForex (NextLevelForex)
Jan 23 2012 at 05:18
262 posts
I see. Well, there are two parts to the answer.

I don't have the guidelines posted on the website, just in the newsletters. So I have a series of newsletters, that I started writing last year, when accounts 01 through 04 were started. And in those newsletters I said what I plan to do with these accounts. Basically it was a live experiment, and the accounts were the working material.

The reason this account failed had less to do with the strategy, and more with the broker. I was tracking the same strategy in other accounts, and in the it came down to the fact that spreads at FXDD were consistently higher than at the other brokers, where the strategy was profitable. So the EA hit a bunch of stop losses that were not hit elsewhere, and I decided to stop trading it here, in this account.

Hope this answers your questions, and if not, please send me more ;)

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
SaltyWaters
Jan 23 2012 at 05:40
247 posts
By the looks only account 03A - G is doing okay with 40.94 % in 10 months all the others seem to be a waste. Are this managed accounts?

SaltyWaters
Jan 23 2012 at 05:59
247 posts
With such poor performance. What's gotten into you to manage other peoples money? I know you are not the only one with poor performance systems that wants to manage other peoples accounts but... I'm just curious... no offense.

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