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Marty (By mdgoldsborough)

Gain : +1949.23%
Drawdown 29.92%
Pips: 6914.5
Trades 415
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Manual

Marty Discussion

icebergtip
Nov 04 2010 at 12:07
3 posts
Hi Michael Goldsborough,

it's nice, i am interesting about it.

duzyfx
Nov 06 2010 at 01:07
257 posts
have you taken vacations ? I wonder why there's no trades this week ... hope it's not the margin call since you did mention you take the hard loss to protect the rest of the account at ~4 iterations

mdgoldsborough (mdgoldsborough)
Nov 09 2010 at 20:02
10 posts
duzyfx - No, no margin call, but thanks for the concern :) I trade with such a small % of my account that there would need to be a 10,000 pip swing to get even close to a margin call. My mental stop would get me out long before that. You can see that October was not a great month for me (even though I did make a profit and fxbook says I lost 39%, can anyone explain how they come up with the numbers??) So, I took some time to reassess the markets - I don't trade while I am doing this so that is where you see the fall off. As of Wed last week I am back in the markets and currently I am short the EURUSD.

You should know that I don't just double my position at random spots, there are strict rules that warrant my implementing the Martingale. Also, I have only reached the maximum iterations (4) twice this year, so you can see that I am very careful about it.

Only Kill a trade when the initial idea is no longer valid...
Damon (Damon)
Nov 15 2010 at 07:22
129 posts
Hey,

Not my style of trading but I have to give you kudos for getting to the top of world at myfxbook. You must have very strict money management to get as far as you have with a martin. Very Well done!

I was wondering why you do not show your balance and equity, you are very open that you are trading marty style so I don't see any need to hide the balance.

Again, I think you have done quite a money management feat!

1 pip pip banked is worth more than the rest out in the market.
mdgoldsborough (mdgoldsborough)
Nov 15 2010 at 15:28
10 posts
Damon,
Thanks for the compliment! Money management is #1 in my system, nothing supersedes my Risk profile.

For the protection of myself and my clients, I keep my balance and equity hidden.

I don't find it necessary to show how much I am working with. Once you establish a good ROI % then all it is is zeros at the end of a number.

If you are concerned that I only have a $300 balance as opposed to a $300,000 balance, then you aren't looking at the right things. It's the methodology and system, not the # of zeros.

I have read your page and you are quite the hothead, however your 'kudos' is very much appreciated, but please don't ask for my account balance or equity, Thanks!

Only Kill a trade when the initial idea is no longer valid...
lfant
Nov 22 2010 at 08:02
2 posts


'For the protection of myself and my clients, I keep my balance and equity hidden.

I don't find it necessary ....'

Do you accept new clients, and if so, under what broker, what are your fees, etc.

Thanks

mdgoldsborough (mdgoldsborough)
Nov 29 2010 at 15:10
10 posts
I am not accepting any clients at this time. Thanks!

Only Kill a trade when the initial idea is no longer valid...
duzyfx
Nov 29 2010 at 16:20
257 posts
not even a PAMM Oanda account ?

mawen
Dec 26 2010 at 03:37
1 posts
SunnyDays (SunnyDays)
Dec 26 2010 at 08:47
152 posts
Could you tell us who your broker is?

Best wishes in the New year

Wayne

A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
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