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Laylo 1 (By thetruth23 )

The user has deleted this system.

Laylo 1 Discussion

thetruth23
Jan 06 2020 at 22:52
7 posts
Just curious as to how these results might be interpreted or critiqued...

I have 2 other systems that can be looked at, and as you can see - with a bit of fine-tuning I'm started to get better and keeping drawdown lower, although this isn't a major concern of mine.

Thoughts welcomed.

pipscalper71
Jan 07 2020 at 12:16
164 posts
Well I can assure you that a big draw down is a big concern for any trader, but it all depends on whether or not you are selling something here. Your draw down on all 3 accounts is very high which means high risk is involved, probably a Martingale strategy and thats why your trade history is private.


thetruth23
Jan 07 2020 at 18:55
7 posts
No, nothing to sell here. This was just to show my investors offline. It's fairly high risk but completely manageable, and for the long-term gain I'll take the current risk and drawdown and look to make improvements.

I'm very impressed with others ability to keep drawdown so low and still make strong gains so it gives me hope to evolve this further, but my drawdown is not stopping me from making money and the long-term trajectory is looking great.

It's not a Martingale though, but what does seeing the trade history have to do with it? Does private increase the probability of it being a Martingale? I'm not sure I understand the cynicism? (I'm new to interacting with the community here, so perhaps that's just 'a thing' here?)

pipscalper71
Jan 08 2020 at 13:24
164 posts
Most people here on My Fx Book who hide there trade history, are generally using a Martingale strategy which is high risk. The question here is why are you hiding the trade history, something to hide I would have to say.

You wanted some feedback so I am giving you some, but based on the Absolute Gain percentage, your system or EA is making approx 7.5% ROI per month, which is not that much of a gain for the high risk draw down that you have.
 For me personally I pass on systems that have a draw down any higher than 25-30%, but its your money so if you are comfortable with such high draw down then so be it because its totally your choice.


thetruth23
Jan 08 2020 at 14:10
7 posts
Hi pipscalper71,

I haven't denied I have something to hide, because I most certainly do! I actually want to hide as much as possible, mainly so nobody tries looking into the trades and reverse-engineer (or even attempt to) my systems. (albeit, they're admittedly not groundbreaking systems, but still...)

Since time of inception (when I actively started trading this account, not when it was created), it actually has a much higher monthly return than 7.5%, but to be honest - even if it was 7.5%, I would have thought that was really good but I guess not. I'm quite proud of a 182% gain, and 11 consecutive months of positive returns - not that I'm expecting a medal for it, but is that really that bad even with the drawdown?

If you look at Laylo 3, that's made over 80% since the end of July 2019, and averaging 11% a month profit. Drawdown getting better too.

What's the approximate criteria you look for in a system?

thetruth23
Jan 08 2020 at 16:20
7 posts
Is it not accurate?

Laylo 3, for example, started with £20k. It grew to over £36k since July with zero withdrawals (until a couple of days ago) which would be over an 80% gain - so that seems right?!

Even 6% a month compounded is more than doubling your money a year.

I'm pretty happy! :D

Anyway - thanks for your contribution. Good luck with whatever returns you're able to achieve.

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