Smart Forex Expert Signal (High Risk) (by SFETrading) Quick Stats
Gain: +8.88%
Drawdown: 33.63%
Pips: 23060.8
Trades: 864
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

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Smart Forex Expert Signal (High Risk) Discussion
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SFETrading

Member Since May 11, 2020  73 posts SmartForexExpert (SFETrading) Sep 24 at 13:59
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. smiley

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. wink

JosefK

Member Since Feb 28, 2014  25 posts JosefK Sep 25 at 05:07
SFETrading posted:
.... the annual gain will be well over 100-200%).
 smiley


Surfing down a slope of hope.

Robert647373

Member Since Feb 25, 2020  26 posts Robert (Robert647373) Sep 25 at 08:25
Your trading style is too risky. the trading system should be as stable as possible and bring a stable profit.

SFETrading

Member Since May 11, 2020  73 posts SmartForexExpert (SFETrading) Sep 25 at 08:39
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. smiley

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. wink

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? roll

JosefK

Member Since Feb 28, 2014  25 posts JosefK Sep 25 at 10:34

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?

SFETrading

Member Since May 11, 2020  73 posts SmartForexExpert (SFETrading) Sep 25 at 12:19
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? yell

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davidkew

Member Since Jun 23, 2020  25 posts davidkew Oct 07 at 08:38
That is a leverage I could use.

Sleepless

Member Since Oct 01, 2013  16 posts Nil (Sleepless) Oct 12 at 05:22
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?

SFETrading

Member Since May 11, 2020  73 posts SmartForexExpert (SFETrading) Oct 12 at 11:57
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.

Sleepless

Member Since Oct 01, 2013  16 posts Nil (Sleepless) Oct 12 at 14:43
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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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.