FX Amplified - Nick's Account (ForexSignals.com (By NickMcDonald)

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FX Amplified - Nick's Account (ForexSignals.com Discussion

Jan 24, 2013 at 04:35
1,885 Views
25 Replies
Member Since Jan 25, 2010   1360 posts
Jun 17, 2013 at 06:31
Please provide a subscription link somewhere! I don't know how I subscribed before, but I can't seem to resubscribe!
Member Since Jul 05, 2011   305 posts
Jun 18, 2013 at 03:24
The signal is no longer being sold. They will be putting together a PAMM account soon.
Member Since Jul 05, 2011   305 posts
Jul 04, 2013 at 14:46
Drawdown isn't looking good
Member Since Jul 05, 2011   305 posts
Jul 09, 2013 at 14:41
I guess easy come, easy go. 😲
Member Since Apr 22, 2010   123 posts
Jul 09, 2013 at 14:42
terrible...
famisoul
forex_trader_118239
Member Since Mar 23, 2013   21 posts
Jul 11, 2013 at 06:05
July's a bad month. terrible....
Member Since Jul 17, 2012   275 posts
Jul 11, 2013 at 06:58
not just july i presume...
Past experience usually helps present self
Member Since Oct 27, 2011   86 posts
Jul 11, 2013 at 10:54
We finally picked up a winner today. The recovery begins :)
Find your passion and work hard
Member Since Jul 05, 2011   305 posts
Jul 11, 2013 at 13:47
NickMcDonald posted:
We finally picked up a winner today. The recovery begins :)

I sure hope so Nick . . . there is a long way to go.
Member Since Oct 27, 2011   86 posts
Jul 11, 2013 at 14:45
A second winner only 20mins ago.

I think we'll be back above watermark high within the next 3-4 weeks.
Find your passion and work hard
Member Since Jul 05, 2011   305 posts
Jul 16, 2013 at 15:53
Another wonderful trade . . .
Member Since Nov 07, 2012   85 posts
Jul 16, 2013 at 19:49
Aplmustdie posted:
Another wonderful trade . . .

If this trade doesn't win I think I'll stop until new high water mark. Then I can have trust in the trader again.

5-15pip TP with 50+ SL can be 10:1 r/r and that can take a long time to recover if ever.😞
Member Since Nov 07, 2012   85 posts
Jul 23, 2013 at 13:48
shouldn't the drawdown be about 50% and not 25%?

Your account had almost 100% gain ( $8,000 profit ) and now its near 50% gain. Only shows a 25% loss in the month of July while you missed out on 4k profit banked profit 😳
Member Since Jul 05, 2011   305 posts
Jul 23, 2013 at 17:21
uk_max posted:
shouldn't the drawdown be about 50% and not 25%?

Your account had almost 100% gain ( $8,000 profit ) and now its near 50% gain. Only shows a 25% loss in the month of July while you missed out on 4k profit banked profit 😳

Drawdown is based on the size of the entire account, not just the profits.
Member Since Apr 22, 2010   123 posts
Jul 24, 2013 at 07:54 (edited Jul 24, 2013 at 07:58)
hold&pray
the only worse than that is 'averaging'

3 months are in the bin already (that is only for those happy ppl which are from the beginning of it...)
Member Since Apr 22, 2010   123 posts
Jul 31, 2013 at 19:04
no stops? even mental....????
Member Since Jul 05, 2011   305 posts
Aug 07, 2013 at 19:27
mirusevxs33 posted:
no stops? even mental....????

There's a stop, he just keeps moving it, 😉
superscalper
forex_trader_88964
Member Since Aug 24, 2012   119 posts
Aug 07, 2013 at 19:37
I don't understand how some people can follow you really....
Member Since Aug 07, 2013   23 posts
Aug 07, 2013 at 20:27
Guys,
The chart looked pretty, but this drawdown was inevitable. You cant have an average loss 2x your winner. You will ultimately lose money. It means that you need to have 2 winners for very loser just to break even.

You would be better off talking fewer winners and managing your losses. A robust trading system should have the average winner greater than he average loser. If the w/l ratio was in reverse and focused on having each winner 2x each loser, then you would have a sustainable profitable system. 30% drawdown is unsustainable and will happen again using the current methods.

A small change in the w/l % will cause you to lose money under the current system. Everyone looks for the Holy Grail. Well, here it is. Focus on the average winner being greater than the average loser. Thats the Holy Grail. If your average winner was 2x your average loser, you would only need to have 33% winning trades to break even.

Thats the real deal.
Member Since Apr 22, 2010   123 posts
Aug 26, 2013 at 20:07
Aplmustdie posted:
mirusevxs33 posted:
no stops? even mental....????

There's a stop, he just keeps moving it, 😉
😲
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