Advertisement
5% average monthly profit for at least 2 years (with less than 25% max. DD)
Členem od May 04, 2012
1534 příspěvků
Feb 10, 2013 at 13:17
(Upravené Feb 10, 2013 at 13:22)
Chikot posted:
At first I was thinking you are kind of lunatic investor but after you made things clear I think your is a very good question.
60% annually is simply outstanding result. I myself have only been able to make max 16% in 6 months by day trading and not in a way I felt I could make it consistently and manage OPM. I have seen lots of guys here but almost all are bad traders who make returns by risking their account life.
I myself trying hard to make it in FX as longer term trend following trader and I am also trying to go pro elsewhere as day trader and I say it is a hard business. In any case, my main concern is risk and preservation of my account.
The pros you mention has access to huge capital, constant studies, psychologists, risk control managers, lower overhead/ fees if any. They have got a lot of advantages.
I will be ecstatic if I make 15-20% in 6 months the way i am trading FX now. It will mean i am doing things right and might be making it. so far, no.FxMasterGuru posted:
Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?
Chikot has very objectively reiterated my main - theoretical and also practical - concerns: If the best of the "Big Guys" (i.e. the best pro fund mangers) with their 10+ million USD yearly salaries, being assisted by full-time fundamental and technical market analysts, the best IT guys and programmers from the best universities of the world, full time psychologists, risk control managers, the best and fastest computers available on the market, privileged access to deep market data, can make AT BEST(!) 30-40% yearly profits on a consitent basis, then WHAT ARE THE CHANCES OF "Average Trader Joe" TO MAKE A CONSISTENT LIVING ON FOREX...????
And still we are not even talking about "becoming rich", buying those houses, cars and yachts often shown on the websites of scammers selling - at best - dreams to the public. That is the main question here...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Členem od May 04, 2012
1534 příspěvků
Feb 10, 2013 at 15:12
Interesting related MyFxBook blog: http://www.myfxbook.com/community/experienced-traders/truth-about-trading-money-managers/493078,1
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Členem od Jul 23, 2012
3 příspěvků
Feb 13, 2013 at 18:39
FxMasterGuru posted:
Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?
Kangaroo fits all these criteria
http://www.myfxbook.com/members/TulipFX/kangaroo/68427
it's an EA but not a martingale (trades on trend retracements)
Členem od May 04, 2012
1534 příspěvků
Feb 13, 2013 at 19:35
noumen1 posted:FxMasterGuru posted:
Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?
Kangaroo fits all these criteria
http://www.myfxbook.com/members/TulipFX/kangaroo/68427
it's an EA but not a martingale (trades on trend retracements)
Thanks for the link, you are right. Nice performance.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Členem od May 04, 2012
1534 příspěvků
Feb 14, 2013 at 08:29
FxMasterGuru posted:noumen1 posted:FxMasterGuru posted:
Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?
Kangaroo fits all these criteria
http://www.myfxbook.com/members/TulipFX/kangaroo/68427
it's an EA but not a martingale (trades on trend retracements)
Thanks for the link, you are right. Nice performance.
I have just noticed that Kangaroo is not available any longer...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forex_trader_8139
Členem od Mar 04, 2010
411 příspěvků
Aug 07, 2013 at 08:21
Anmaric_LTD posted:
https://www.myfxbook.com/members/Anmaric_LTD/rhov11/482209
Update to date, it is still less than 24 months.
forex_trader_8139
Členem od Mar 04, 2010
411 příspěvků
Aug 07, 2013 at 08:22
(Upravené Aug 07, 2013 at 08:23)
Hi FxMasterGuru,
Do you get any trading system that fits your criteria so far?
Thanks,
SIM
Do you get any trading system that fits your criteria so far?
Thanks,
SIM
Členem od May 04, 2012
1534 příspěvků
Aug 07, 2013 at 15:03
pip2cash posted:
Hi FxMasterGuru,
Do you get any trading system that fits your criteria so far?
Thanks,
SIM
Hi Sim,
So far not. There are some promising strategies out there (FxAmplified, FxViper) but so far all of them are too young.
I guess all the best traders and EAs are absorped by wealthy hedge funds. If I had a strategy to fulfill the mentioned criteria, probably I would sell it to a hedge fund for 1 million USD then dealing with subscribers and/or investors for $99/month...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Členem od May 16, 2012
50 příspěvků
Aug 07, 2013 at 20:27
I will probably get ridiculed, but I have large DD's, but my system of trading has grown my account over the years (9 years). I am able to take out a nice profit every month, and I started my account with a meager amount of funds, and you can see for yourself that it has grown nicely. Almost everyone on this forum say I am stupid and crazy, but I have never margarined or come close and my BALANCE doubles every year.
Only take what the market will let you have, and Never accept a loss!
forex_trader_88964
Členem od Aug 24, 2012
112 příspěvků
Aug 07, 2013 at 20:39
If you are interested to invest with me. Contact me.
Členem od Aug 07, 2013
23 příspěvků
Aug 08, 2013 at 05:36
How can anyone trust your figures superscalper? You hide your closed trades. You hide your starting balance. For the most part, you only quote percentages which can be manipulated. Plus, your drawdown is 32% and your average loss is 1.5 times greater than your average win.
I see that your average Reactor 7 trade length is about 2hours 25mins. This means that you are not scalping in the true meaning of the word, but more like day trading. For any day trader or short term trader to experience a drawdown of 31.92% is quite a damning indictment on your ability to exit losing trades before they become terminal.
So, between you hiding your data and the displayed data indicating a bad risk to reward scenario, I would find it hard to see any justification for investing with you. Something just doesnt add up.
I see that your average Reactor 7 trade length is about 2hours 25mins. This means that you are not scalping in the true meaning of the word, but more like day trading. For any day trader or short term trader to experience a drawdown of 31.92% is quite a damning indictment on your ability to exit losing trades before they become terminal.
So, between you hiding your data and the displayed data indicating a bad risk to reward scenario, I would find it hard to see any justification for investing with you. Something just doesnt add up.
forex_trader_88964
Členem od Aug 24, 2012
112 příspěvků
Aug 08, 2013 at 08:19
I hide balance because it's not your business. Explain me how i can manipulated the percentage ??? I never told this account was scalping account !
If you don't want to invest, don't invest i'm not crying. I earn money without you lol
I can see so many jealous people here who are speaking but who can't to have good result.
If you don't want to invest, don't invest i'm not crying. I earn money without you lol
I can see so many jealous people here who are speaking but who can't to have good result.
Členem od May 04, 2012
1534 příspěvků
Aug 08, 2013 at 09:33
(Upravené Aug 08, 2013 at 09:40)
superscalper posted:
If you are interested to invest with me. Contact me.
-83% DD is HUGE on the PAMM... Whatever the profit is. No one would invest large funds with the risk of facing such a huge DD. Not to mention the very limited (1 month) history (http://www.myfxbook.com/members/superscalper/pamm-account/633218)
FxAmplified (having 500+ subscribers) has -7.8% max. DD (over a 7 months period) and subscribers are already cursing/crying and canceling subscriptions... With less than -10% DD...! On the other hand the guy had only one losing month (-2.6%) out of 7 gaining an average of +4.1% profit per month. And still... Go figure!
Most traders are shaking and trembling at -30%, but even at -20% DD (or -7% in case of FxAmplified), which is why I had specified max. -25% DD in the title of this blog.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forex_trader_88964
Členem od Aug 24, 2012
112 příspěvků
Aug 08, 2013 at 10:20
Drawdown calculated on myfxbook is wrong !! Look on liteforex, the real drawdown is 31% !
I can understand some people are afraid about the drawdown. But no drawdown no profit. Or you can read the future then ahah !
Good luck. Im going to grow up again my account with or without investors :)
Regards
I can understand some people are afraid about the drawdown. But no drawdown no profit. Or you can read the future then ahah !
Good luck. Im going to grow up again my account with or without investors :)
Regards
Členem od May 04, 2012
1534 příspěvků
Aug 08, 2013 at 10:27
superscalper posted:
Drawdown calculated on myfxbook is wrong !! Look on liteforex, the real drawdown is 31% !
I can understand some people are afraid about the drawdown. But no drawdown no profit. Or you can read the future then ahah !
Good luck. Im going to grow up again my account with or without investors :)
Regards
MyFxBook records also floating DD, which could be the reason you consider MyFxBook "wrong".
In my dictionary DD is a DD (floating or not floating).
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forex_trader_88964
Členem od Aug 24, 2012
112 příspěvků
Aug 08, 2013 at 10:32
Look, i use the same strategy and the same position on my Reactor7 account and Pamm account. I adjust for my pamm account because i have 1:200 leverage. You can see on my Reactor7 : 31% drawdown and i don't know why on my pamm account i have 82%.
Sometimes you can see some problem calculation on myfxbook. I saw this on other account.
Sometimes you can see some problem calculation on myfxbook. I saw this on other account.
Členem od Oct 03, 2010
9 příspěvků
Aug 08, 2013 at 13:21
Hi, superscalper, do hear about the website www.currensee.com. You can apply to be a leader. Then investors may follow you, and you can earn the reward.
forex_trader_88964
Členem od Aug 24, 2012
112 příspěvků
Aug 08, 2013 at 13:33
Členem od Aug 07, 2013
23 příspěvků
Aug 08, 2013 at 14:08
There you go superscalper. You asked how to manipulate percentages. Well, you just went and did it. Oh, in one system the drawdown is 88% but oh wait a minute, if I use this system of calculating my drawdown its only 31%. Like I said. I your system was genuine, then you would have nothing to hide.
Everything would be open to scrutiny. But its not and therefore because you are hiding things and manipulating your figures, I say you are not on the level.
Everything would be open to scrutiny. But its not and therefore because you are hiding things and manipulating your figures, I say you are not on the level.
Členem od Aug 07, 2013
23 příspěvků
Aug 08, 2013 at 14:08
By the way superscalper you are correct, you never said that your system was scalping, and I also said that it wasnt scalping. Here is what I said "For any day trader or short term trader to experience a drawdown of 31.92% is quite a damning indictment on your ability to exit losing trades before they become terminal"
