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Smart Forex Expert Signal (High Risk) (By SmartForexExpert )

Gain : +3.24%
Drawdown 57.08%
Pips: 136460.3
Trades 2825
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

Smart Forex Expert Signal (High Risk) Discussion

SmartForexExpert (SFETrading)
Sep 24 2020 at 13:59
87 posts
This is a High Risk account so I am prepared for a DD up to 50-60%. The current DD is well within expectation. The DD is just temporary and the recovery will eventually come. You can mark my words. 😄

If people want lower DD (but also lower return) then they can just follow the Low Risk account.

People who don’t have patience and don’t see the bigger long term picture will never appreciate our system. That’s all I can say. 😉

JosefK
Sep 25 2020 at 05:07
28 posts
SFETrading posted:
.... the annual gain will be well over 100-200%).
 😄


Surfing down a slope of hope.

Robert (Robert647373)
Sep 25 2020 at 08:25
93 posts
Your trading style is too risky. the trading system should be as stable as possible and bring a stable profit.

SmartForexExpert (SFETrading)
Sep 25 2020 at 08:39
87 posts
This is called the HIGH RISK signal for a reason...I have said in the beginning that the expected DD can reach 50-60% and I am prepared for it.

Nevertheless, trading with high risk will also come high return, and it's a risk that I am willing to take with my $100K account running the SFE EAs. 😄

If you are not prepared to lose at all then you should not trade Forex, because losses are just part of a genuine long term profitable system. Those grid/martingale systems that seem to never lose, will all inevitably have a huge loss that will wipe out the entire account - and I am sure you have seem plenty of them. 😉

Also, this account is still up 18% since the inception. The DD is still just below 30% so it's still performing as I have expected. I don't understand why you guys sound like it's the end of the world? 🙄

JosefK
Sep 25 2020 at 10:34
28 posts

Also, this account is still up 18% since the inception.


Adding funds to your account and trading profits are not the same. 12% is the number you are looking for.

SFETrading posted:
Nevertheless, trading with high risk will also come high return.

High risk and high returns are two very different things.

BUT

Higher risk = higher lot size = higher broker kickback.

How much clients money did you burn this month?

30K or more?

SmartForexExpert (SFETrading)
Sep 25 2020 at 12:19
87 posts
The total loss for follower accounts this month is about USD$15000 (-€4879.84, -US$650.85 and -A$13024.79)

But then again, the follower accounts are still positive overall since inception, so I don't really get why you guys are making such a big deal out of a DD that is well within the expectation of the system? 😂


Attachments:


davidkew
Oct 07 2020 at 08:38
34 posts
That is a leverage I could use.

Nil (Sleepless)
Oct 12 2020 at 05:22
16 posts
JosefK posted:

Also, this account is still up 18% since the inception.


Adding funds to your account and trading profits are not the same. 12% is the number you are looking for.

SFETrading posted:
Nevertheless, trading with high risk will also come high return.

High risk and high returns are two very different things.

BUT

Higher risk = higher lot size = higher broker kickback.

How much clients money did you burn this month?

30K or more?


I feel truly sorry for the account owner. Does he know what is done with his money?

SmartForexExpert (SFETrading)
Oct 12 2020 at 11:57
87 posts
Losses are part of trading, and people who are patient enough to stick to a long term profitable system will be rewarded eventually. It's about applying a strategy that has a long term edge over the market, but this long term trend will only become apparent when the number of trades are large enough to be statistically significant, which will need to be over several thousand trades at least.

A temporary drawdown can always happen even to the best trading system that has a long term edge over the market. The most important thing is to keep the drawdown manageable during unfavourable times, so that the losses can be recovered and profits made when the market becomes favourable again. If people are not prepared to accept losses as part of trading, then they should not trade in the first place.

Nil (Sleepless)
Oct 12 2020 at 14:43
16 posts
SFETrading posted:
-----------------the number of trades are large enough to be statistically significant, which will need to be over several thousand trades at least.----------------


Academic research says you made this up.

https://www.statisticssolutions.com/sample-size-formula/#:~:text=Some%20researchers%20do%2C%20however%2C%20support,minimum%20sample%20size%20of%2030.

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