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I want only a safe 4% each month... Which EA?? Thank you
Členem od Jun 12, 2012
31 příspěvků
Jun 30, 2014 at 19:15
if you go in mt4 terminal, then signals, and order by rating, the number 1 have this expectations:
:: Monthly Expected Return = 5%
:: Annual Expected Return = 50%
:: Drawdown Risk < 20%
:: Margin Used per Trade = 2 - 5%
:: Max. Open Margin Used = 20%
He is rating number 1, and you can see his performance, then if you scroll down, and see the number, 2, 3, etc, will see similar results. No often but now i know why you are sharing any system, But if you can find such amazing holy grail, let us know.
I may trade any system that give a high porcetange of not blowing my account, specially if it worked for many years back, every system may fail, we can only choose better chances of succees.
:: Monthly Expected Return = 5%
:: Annual Expected Return = 50%
:: Drawdown Risk < 20%
:: Margin Used per Trade = 2 - 5%
:: Max. Open Margin Used = 20%
He is rating number 1, and you can see his performance, then if you scroll down, and see the number, 2, 3, etc, will see similar results. No often but now i know why you are sharing any system, But if you can find such amazing holy grail, let us know.
I may trade any system that give a high porcetange of not blowing my account, specially if it worked for many years back, every system may fail, we can only choose better chances of succees.
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jun 30, 2014 at 19:42
That just goes to show have tough it is!
Best bet is to start your own account and manage it yourself, try and spin a small amount up to a reasonable amount - just my opinion.
You only have yourself to blame if you blow the account up then!!!
Best bet is to start your own account and manage it yourself, try and spin a small amount up to a reasonable amount - just my opinion.
You only have yourself to blame if you blow the account up then!!!
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jul 01, 2014 at 11:50
peepmoney posted:
I may trade any system that give a high porcetange of not blowing my account, specially if it worked for many years back, every system may fail, we can only choose better chances of succees.
Have you copied trades off the Metaquotes signals, what is the execution speed like, any ideas?
Harry
Členem od Jun 12, 2012
31 příspěvků
Jul 01, 2014 at 18:07
arry01 posted:peepmoney posted:
I may trade any system that give a high porcetange of not blowing my account, specially if it worked for many years back, every system may fail, we can only choose better chances of succees.
Have you copied trades off the Metaquotes signals, what is the execution speed like, any ideas?
Harry
Hi Mark, I did not use that service, currenctly I am trading with my own EA. I was just referencing others traders with similiar risk/reward.
forex_trader_194159
Členem od Jun 09, 2014
38 příspěvků
Jul 02, 2014 at 06:12
Everyone is making more than 4% here. But let's see who's making 10-15% per month on a long run? We all want to eran a little bit less but safer.
Hera comes the emotional and money management. These are the secret keys of success in everything.
Hera comes the emotional and money management. These are the secret keys of success in everything.
Členem od Jun 12, 2012
31 příspěvků
Jul 02, 2014 at 06:53
Hi Gabriel Urse, you're right, that is why I think when your capital is low, you can risk more to have more, and when your capital is increasing you can lowe your risk and income.
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jul 02, 2014 at 08:33
Yeh in reality we would all like to be trading big accounts for just a couple of percent a month! The reality is not many of us are well funded enough or would want to risk that much so were trying to run small amounts in to fair sized ones.
People make too much of how people are trading, drawdown etc on these small account balances, I only really pay attention to that on accounts which are of significant value.
In reality someone trading a $250 account making 4% a month with 2% drawdown is only trading like that for the benefit of others on this forum. How boring!
TRY and run a small account to $25k and then start being conservative for sure...
Harry
People make too much of how people are trading, drawdown etc on these small account balances, I only really pay attention to that on accounts which are of significant value.
In reality someone trading a $250 account making 4% a month with 2% drawdown is only trading like that for the benefit of others on this forum. How boring!
TRY and run a small account to $25k and then start being conservative for sure...
Harry
forex_trader_194159
Členem od Jun 09, 2014
38 příspěvků
Jul 02, 2014 at 08:52
peepmoney posted:
Hi Gabriel Urse, you're right, that is why I think when your capital is low, you can risk more to have more, and when your capital is increasing you can lowe your risk and income.
Thanks !
Členem od Jun 12, 2012
31 příspěvků
Jul 02, 2014 at 18:55
arry01 posted:
Yeh in reality we would all like to be trading big accounts for just a couple of percent a month! The reality is not many of us are well funded enough or would want to risk that much so were trying to run small amounts in to fair sized ones.
People make too much of how people are trading, drawdown etc on these small account balances, I only really pay attention to that on accounts which are of significant value.
In reality someone trading a $250 account making 4% a month with 2% drawdown is only trading like that for the benefit of others on this forum. How boring!
TRY and run a small account to $25k and then start being conservative for sure...
Harry
that is exactly my point.
forex_trader_136673
Členem od Jun 28, 2013
842 příspěvků
Jul 02, 2014 at 18:59
(Upravené Jul 02, 2014 at 19:00)
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jul 02, 2014 at 21:16
ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
Well if my high risk style to build a good sized account fails, so be it! I can cope with losing a little but I CANT cope with trading a small account forever but at the same time wont risk investing a lot outright!
Harry
Členem od Apr 24, 2014
209 příspěvků
Jul 02, 2014 at 23:13
ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
Exactly how I think, my brother though is more like Mark Harris. from 500 to 5k is the plan then it was 10k then Trade properly, sure he almost made it a few times but he lost so much, had he just saved that altogether he be in better place now. Rather than feeding the market with a loss of over 7k overall
Get rich or just die
forex_trader_136673
Členem od Jun 28, 2013
842 příspěvků
Jul 03, 2014 at 06:01
(Upravené Jul 03, 2014 at 06:02)
Market is like a tiger puppy. You never know when it's going to bite you. I bet a lot of people will say 'but it's just a puppy'.
Market crashes are coming more frequently than ever. This type of low volatility we have right now is ominous, soon prices will explode, so IMO it is important not to develop gambling habits.
Off course everyone has it's trading style, with all the variety that is what makes the industry beautiful.
Market crashes are coming more frequently than ever. This type of low volatility we have right now is ominous, soon prices will explode, so IMO it is important not to develop gambling habits.
Off course everyone has it's trading style, with all the variety that is what makes the industry beautiful.
forex_trader_194159
Členem od Jun 09, 2014
38 příspěvků
Jul 03, 2014 at 06:38
ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
LIKE!
Členem od Apr 19, 2012
11 příspěvků
Jul 03, 2014 at 06:46
Just my 2cents.
The first, incomplete EA of mine. But still, I post it here.
Please be aware the fact that this account is open a long time ago but I just start trading since late March 2014. That's why we see the difference between gain and abs.gain.
Also, not sure why DD is 0.29%, it should be about 2.9%.
Also not sure why Deposit is 1066 since the final amount deposited at the time I started trading is about 877. (that make the return = 116/877 = 13% Abs. Return)
Anyone help me to correct these info?
http://www.myfxbook.com/members/scfx2000/hhc1/958620
Thanks for reading.
SCFX
The first, incomplete EA of mine. But still, I post it here.
Please be aware the fact that this account is open a long time ago but I just start trading since late March 2014. That's why we see the difference between gain and abs.gain.
Also, not sure why DD is 0.29%, it should be about 2.9%.
Also not sure why Deposit is 1066 since the final amount deposited at the time I started trading is about 877. (that make the return = 116/877 = 13% Abs. Return)
Anyone help me to correct these info?
http://www.myfxbook.com/members/scfx2000/hhc1/958620
Thanks for reading.
SCFX
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jul 03, 2014 at 07:47
makeitrain posted:ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
Exactly how I think, my brother though is more like Mark Harris. from 500 to 5k is the plan then it was 10k then Trade properly, sure he almost made it a few times but he lost so much, had he just saved that altogether he be in better place now. Rather than feeding the market with a loss of over 7k overall
You need patience to trade a small account for years, I dont have that kind of patience but I suppose that's what these market makers / brokers are feeding off.
Členem od Feb 22, 2011
4573 příspěvků
Jul 03, 2014 at 07:49
Well there are different approaches for risk.
I like to take big risk on small accounts and as they grow decrease the risk accordingly
I like to take big risk on small accounts and as they grow decrease the risk accordingly
Členem od Apr 24, 2014
209 příspěvků
Jul 03, 2014 at 08:20
ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.
togr posted:
Well there are different approaches for risk.
I like to take big risk on small accounts and as they grow decrease the risk accordingly
Valid points perhaps but I would argue there is a hidden cost to this, the confidence lost with every blown account plus ofcourse the frustration of almost but not quite making it. It will make you second guess yourself in the future and cloud your judgement as a trader.
As opposed to starting with a small account mastering the trade while adding a fixed amount$ in the account every month and gaining confidence not losing it. Good track record opens the doors to managing accounts also.
No right or wrong just preference and perspective 😄
Get rich or just die
forex_trader_6135
Členem od Jan 25, 2010
66 příspěvků
Jul 03, 2014 at 08:29
makeitrain posted:ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.togr posted:
Well there are different approaches for risk.
I like to take big risk on small accounts and as they grow decrease the risk accordingly
Valid points perhaps but I would argue there is a hidden cost to this, the confidence lost with every blown account plus ofcourse the frustration of almost but not quite making it. It will make you second guess yourself in the future and cloud your judgement as a trader.
As opposed to starting with a small account mastering the trade while adding a fixed amount$ in the account every month and gaining confidence not losing it. Good track record opens the doors to managing accounts also.
No right or wrong just preference and perspective 😄
Hi VIP, yes the only upside of this robotic trading with low balamnce is probably the external investment it might attract, not sure how you would attract it on myfxbook though.
I had thought about adding monthly 50% of my profit from the previous month to try and keep my interest level up or just to throw caution to the wind and deposit a small 5 figure balance.
Harry
Členem od Feb 22, 2011
4573 příspěvků
Jul 03, 2014 at 08:31
makeitrain posted:ahuruglica posted:
I respectfully disagree
It is important for a trader to develop good trading techniques and sound money management before being comfortable with investing more on the market. Starting as a gambler most of the times it will not work out to become a serious trader.
Just my humble opinion.togr posted:
Well there are different approaches for risk.
I like to take big risk on small accounts and as they grow decrease the risk accordingly
Valid points perhaps but I would argue there is a hidden cost to this, the confidence lost with every blown account plus ofcourse the frustration of almost but not quite making it. It will make you second guess yourself in the future and cloud your judgement as a trader.
As opposed to starting with a small account mastering the trade while adding a fixed amount$ in the account every month and gaining confidence not losing it. Good track record opens the doors to managing accounts also.
No right or wrong just preference and perspective 😄
sure but by risk I mean that you won't wipe account you just don't sleep too well :)
