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NCM Conservative (By NCM )

The user has deleted this system.

NCM Conservative Discussion

NCM (icmfund)
Jul 07 2020 at 10:35
80 posts
@JTCarcil Yes, you can subscribe. It won’t interfere with our strategy but please keep in mind that if you use the same account, having drawdown the same time in both strategies exposes your risk of losing.
ikkoku
Jul 11 2020 at 19:49
20 posts
Hi all,

I decide to share with you my account opened on May the 22th with NCM Signals.

https://www.myfxbook.com/members/ikkoku/ncm-gianluca/6515574

I start with risk settled at 100% but step by step, after two weeks I increased it to 200%.

The system open trades only in the evening from Monday to Thursday so the timeframe is very small and it's easy to take the daily swap because all the trades are opened close to the end of the trading day.

The system works quite good, the only thing is that (IMHO) working with the trailing stops will grant better results because very often, during my first and a half month, positions in trend are closed too fast, renouncing some much better results (as famous traders say... Take care of losses and let profits run).

No withdrawal made at the moment and a very easy procedure to open and deposit money to the broker.

I will update my review during the next few months or if something really interesting will happen.

PS: sorry for my english...
Mobilis in Mobile
Moruz87
Jul 13 2020 at 11:54
46 posts
I will invest soon. Great projects and great stats.
ForexInvestor
Jul 13 2020 at 12:43
1 posts
Hi NCM , Can I test results with 500 $ account ?
Kn0rtzsch
Jul 16 2020 at 07:10
28 posts
ikkoku posted:
Hi all,

I decide to share with you my account opened on May the 22th with NCM Signals.

https://www.myfxbook.com/members/ikkoku/ncm-gianluca/6515574

I start with risk settled at 100% but step by step, after two weeks I increased it to 200%.

The system open trades only in the evening from Monday to Thursday so the timeframe is very small and it's easy to take the daily swap because all the trades are opened close to the end of the trading day.

The system works quite good, the only thing is that (IMHO) working with the trailing stops will grant better results because very often, during my first and a half month, positions in trend are closed too fast, renouncing some much better results (as famous traders say... Take care of losses and let profits run).

No withdrawal made at the moment and a very easy procedure to open and deposit money to the broker.

I will update my review during the next few months or if something really interesting will happen.

PS: sorry for my english...

I must agree here with the point about trailing stop. I am invested as well and I see that many times it goes into the 'right' direction and with a trailing stop the profit could be much higher without risking anything more.

Is there any room for adjustments @NCM ?
ikkoku
Jul 16 2020 at 13:44
20 posts
Kn0rtzsch posted:
ikkoku posted:
Hi all,

I decide to share with you my account opened on May the 22th with NCM Signals.

https://www.myfxbook.com/members/ikkoku/ncm-gianluca/6515574

I start with risk settled at 100% but step by step, after two weeks I increased it to 200%.

The system open trades only in the evening from Monday to Thursday so the timeframe is very small and it's easy to take the daily swap because all the trades are opened close to the end of the trading day.

The system works quite good, the only thing is that (IMHO) working with the trailing stops will grant better results because very often, during my first and a half month, positions in trend are closed too fast, renouncing some much better results (as famous traders say... Take care of losses and let profits run).

No withdrawal made at the moment and a very easy procedure to open and deposit money to the broker.

I will update my review during the next few months or if something really interesting will happen.

PS: sorry for my english...

I must agree here with the point about trailing stop. I am invested as well and I see that many times it goes into the 'right' direction and with a trailing stop the profit could be much higher without risking anything more.

Is there any room for adjustments @NCM ?

Yes. Look, for example at today trades... Night position opened and turned bad, the second one buy trade opened in the early morning (sum of possible loss -130 eur on my account -maybe something more-) and after few hours, when the market moves in the right direction, instant close with small gain (9 eur on my account). Ok, cool because we not registered a loss, but with a trailing stop at '0' we had the possibility of take the next movement of around 30 pips and, in a bad scenario, close the trade to zero.

The nice thing will be to know if there are some platform issues that not permit to work with TP or SL with managed account.

NCM? Any info from you? It's not a complain... It's only a 'trader to trader' chat...

Many thanks, Gianluca.
Mobilis in Mobile
Kn0rtzsch
Jul 16 2020 at 15:57
28 posts
Yeah the move up was huge. I checked the 5 min candles with a trailing stop we would have make much more out of this situation.
drayzen
Jul 19 2020 at 05:56
48 posts
I want to subscribe using an account on the same server as the trading account.
Which ICM server are you on?
..the alien does not concern itself with the opinions of humans..
NCM (icmfund)
Jul 20 2020 at 11:20
80 posts
Glad to see your discussion about this topic and sorry for the late input from us.
We usually have test accounts next to the master account with different settings including trailing stop as well. In the long run, there is no significant difference with and without trailing stop. The difference is fewer profits when only one trade opened, but the little discrepancy is about to recover when more trades are involved. But to keep profitable in the long run having multiple positions opened is not the ideal situation. With more positions opened we also have to take into consideration the number of all trades on all accounts and the possible broker issues.
Moruz87
Jul 20 2020 at 18:12
46 posts
Hi NCM, what are your plans for future?I really love your projects. The best trading strategy tested so far. I hope you are here to stay many years. Keep it up
drayzen
Jul 21 2020 at 04:02
48 posts
@icmfund,
I notice that the loss rate increases substantially once trade duration goes past ~10hrs.
Have you modeled automatically closing trades after a set period?
https://strategyquant.com/quantanalyzer/ may be of help with testing this. 😉
..the alien does not concern itself with the opinions of humans..
ikkoku
Jul 21 2020 at 08:27
20 posts
drayzen posted:
@icmfund,
I notice that the loss rate increases substantially once trade duration goes past ~10hrs.
Have you modeled automatically closing trades after a set period?
https://strategyquant.com/quantanalyzer/ may be of help with testing this. 😉

It’s true and it’s normal with this strategy. They close the trade fast if the market move in the right direction. If market moves against the trade they wait and try to recover with another position of the same size. Look at the history and you will see always a loss and a gain close at the same time. It’s something like a compensation.
Mobilis in Mobile
Moruz87
Jul 21 2020 at 12:34
46 posts
For me it is top strategy.
Kn0rtzsch
Jul 21 2020 at 15:54
28 posts
it starts to get critical only when price is dropping into one direction big time without deeper pullbacks
JTCarcil
Jul 21 2020 at 22:16
5 posts
Hi NCM,
Please take a look at my account, it has not received any trade this week. 1900065323. Please create a support page on your website so some conversations could be confidential. Keep up the good work.
drayzen
Jul 22 2020 at 02:47
48 posts
JTCarcil posted:
Hi NCM,
Please take a look at my account, it has not received any trade this week. 1900065323. Please create a support page on your website so some conversations could be confidential. Keep up the good work.
You use the chat function on their website to ask questions.
(If you're running an ad blocker it might be hiding it)
..the alien does not concern itself with the opinions of humans..
JTCarcil
Jul 22 2020 at 06:48
5 posts
Thanks Drayzen
the chat is automated with pre configured response, so i don't really know if he might see it there. I just posted my issues there as well.
Thanks once again.
ikkoku
Jul 22 2020 at 17:46
20 posts
Kn0rtzsch posted:
it starts to get critical only when price is dropping into one direction big time without deeper pullbacks

Exactly. Something like today’s movement into the short field. Then a pullback that permit to close the deeper bloody long position opened last night.
Mobilis in Mobile
drayzen
Jul 23 2020 at 02:39
48 posts
JTCarcil posted:
Thanks Drayzen
the chat is automated with pre configured response, so i don't really know if he might see it there. I just posted my issues there as well.
Thanks once again.
Yes, I also thought it was just a bot though they also respond in the same thread. It's a bot/human hybrid chat.. 😁
..the alien does not concern itself with the opinions of humans..
Kn0rtzsch
Jul 23 2020 at 06:16
28 posts
ikkoku posted:
Kn0rtzsch posted:
it starts to get critical only when price is dropping into one direction big time without deeper pullbacks

Exactly. Something like today’s movement into the short field. Then a pullback that permit to close the deeper bloody long position opened last night.

like this yesterday where the pullback is shorter than this or a longer shorter candle and it will burn.
im thinking to reduce the risk in order to sit out longer dropdowns. where did you put your risk at?

also I'm not understanding yet the function behind taking a long or short trade.
from technical point of view, i would never enter the long there as it was going against huge resistance and then dropped as we saw.
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