Alpscalp Discussion

Dear traders,

We just started tracking our daytrading results here. The first 42 trades, so far so good ;-) We are always open for any advise/comments.

We were wondering why myfxbook does not provide Trade analytics <4min. Because of dataprocessing or because they don't believe in analyzing such a short period. Anybody?

Wish you all happy trading!

Alpscalp

It would be interesting to see the money invested. It would show your confidence in your own strategy.

Hi FX Master Guru,

Thanks for your visit and reply!
With all due respect, I totally don't see a relation between absolute amount of money and confidence in one's strategy.
What a lollypop is for one person is a diamond for another.

It's about % (gain. drawdown, winners), achieved with professional MM, not?

But to give you an idea, we trade for a living.

Wish you all happy trading!

Oreplay posted:
Hi FX Master Guru,

Thanks for your visit and reply!
With all due respect, I totally don't see a relation between absolute amount of money and confidence in one's strategy.
What a lollypop is for one person is a diamond for another.

It's about % (gain. drawdown, winners), achieved with professional MM, not?

But to give you an idea, we trade for a living.

Wish you all happy trading!

Yes, a strategy's evaluation is about gain, DD, etc... Statistically. But not psychologically.

An example: One could trade a showcase strategy to sell to some naive noobs with hidden 50 USD margin and 1:500 leverage, and would not care if the account would blow within 2 months. The same person would not be so careless with 20k USD.

Another example: One could trade a 100 USD account rationally, with 'cool head' and with success. Once you give this person 1 million USD to trade, he would not be able to replicate the same success. 5% drawdown would not be 5 USD anymore, but 50k USD. Big difference. And that is why trading firms employ full-time psychologist for their traders and which is why trading psychology books are printed and sold in such a large volume. As most seasoned traders know, that trading is 20% technical and 80% psychological.

I am just curious that why you are hiding the funds behind your trades. You can hide behind your Avatar and you can hide your account number. Nobody would know who you are.

So what is the motivation behind hiding the invested funds..?? For me: one of the above. Until proven otherswise.

Also, I have to add that it is very ambitious starting a trading service with less than a week of verified real account performance.

I would say that even with 3 months of verified profitable performance it would be ambitious. The Forex field is full of skeletons of strategies and EAs which blew accounts even after 6 months(!) of stable profits. Personally I have seen too many...

Nevertheless, it is a good start and I wish you all the best to beat the odds.

Hi,

Bascically I agree with you. Although 'As most seasoned traders know, that trading is 20% technical and 80% psychological.' depends totally on the trading style (auto/manual-MM-Fundamental/Tech etc etc)

As for your examples; Unfortunately thats true and thats why so many people buy EA's at fixed costs..

As for the amounts. We want to communicate that they don't matter for clients and don't wanty to scare people off on both sides.

People can join for free and we only charge @ +10%.

I totally realise that this is a long term story.

I wish you also all the best trading and its good to see active members out here!

Best

I wonder why there have been no trades for the past week. It is very unusual from a scalping system.

Hello,

Due to holidays there was no trading last week. We start trading again from today. Offcourse we do never stop with open positions...

Happy trading!