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TraderFX786 (By TRADER786)

Gain : -99.72%
Drawdown 94.29%
Pips: 9291.9
Trades 1451
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Manual

TraderFX786 Discussion

TRADER786
Apr 05 2018 at 06:25
18 posts
HiI would like to introduce myself and my account.

Firstly, I am heading the FX trading desk in one of the largest banks of my country and our desk is considered one of the most active market makers of local currency pairs. This experience is not directly related to the pairs and assets I trade for the account related to RAQ22, however, the market maker experience do helps in understanding the market micro structure and factors affecting it in great detail.
My dealing room experience started out in 2011 . By education I am a Chartered Accountant and CFA, My academic profile naturally resulted in me being a fundamentals oriented trader, however, over time I have morphed into a technical orientation.

The underlying account strategy for the RAQ darwin account can be described as below:
Discretionary trading strategy involving a combination of traditional technical analysis tools to trade value zones on the chart in a personalized (non-traditional) way. Use Elliot Wave analysis for mainly defining my risk areas and partially for directional bias.

Please feel free to discuss or ask any questions.

Thanks,
TraderFX786

scambuster (scambuster)
Apr 06 2018 at 11:52
78 posts
Very high DD. you are the same guy who blew up your account and come back with new username

Be calm in every situation
scambuster (scambuster)
Apr 06 2018 at 11:52
78 posts
Oops sorry miskaking you with someone else

Be calm in every situation
NGU59
Apr 06 2018 at 12:07
1 posts
Can you tell me more on why you use the Elliot analysis for defining your risk areas.

TRADER786
Apr 08 2018 at 06:31
18 posts
why not use them for defining my risk areas? what else is their use other than directional bias which is important to me but not the most important?

TRADER786
Apr 08 2018 at 06:31
18 posts
scambuster posted:
Very high DD. you are the same guy who blew up your account and come back with new username

I have blown accounts in my journey in the past but currently have accounts with higher risk/return profile but showing this to motivate traders that drawdowns should not let you down (btw the drawdown never penetrated into original account equity but still a drawdown is a drawdown, trader should learn to own his profits)

TRADER786
Apr 15 2018 at 06:08
18 posts
If you want to invest in me, a decision you would be proud of in couple of years, please check here: darwinex.com/darwin/RAQ.4.12

This is in addition to the option available through myfxbook copy trade option.

gbpusdg
Apr 17 2018 at 05:42
35 posts
Hello,

Good 2017 results.

But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?

You are also sitting on 27% draw down as your equity is only 73% now.

Your history is also hidden so no way of seeing what your trading style is.

Also - average trade length is 2 days but trade expectancy is only 8.8 pips.

Need much more information - you need to open up history.

Thank you



gbpusdg
Apr 17 2018 at 12:30
35 posts
Today is 17th April 2018.

As can be seen from attached image, you have not updated your myfxbook since 13th April-2018.

You have positions open - not updating myfxbook stops the draw down from being updated.

How do we know what the true draw down is when you do not update?

This sort of behavior does not inspire confidence.



TRADER786
Apr 21 2018 at 12:17
18 posts
gbpusdg posted:
Today is 17th April 2018.

As can be seen from attached image, you have not updated your myfxbook since 13th April-2018.

You have positions open - not updating myfxbook stops the draw down from being updated.

How do we know what the true draw down is when you do not update?

This sort of behavior does not inspire confidence.




Yes the account has not been updated for this week, but that is due to me changing the investor password and not updating it here as I was short on time. Tried doing it today, but my broker's website behaving absurdly probably due to some maintenance issues. Will reestablish the account links again so that it updates regularly.

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