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Členem od Oct 12, 2016
779 příspěvků
Nov 21, 2016 at 07:24
@Lteep1
Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.
For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.
Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?
Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...
But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
For accounts using high risk are bound to crash repeatedly which will ultimately produce not a nice looking curve and hence, most users remove such accounts.
Our second high risk account is using a 30% equity protection which can be hit at anytime, but simultaneously it can be covered within 1 month if the investor agrees to continue to trade with us. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1high-risk-titanfx/1831056
Most importantly there are three main reasons why traders don't have long term trading history:
1. At least once in a year or once in two year due to any technical problem in broker end or in the VPS or may due to fundamental news events any trading system is bound to give some major drawdown which many traders don't want to show it to the public. Hence, they simply remove the account.
2. Those traders targeting for a long term return mostly trade large amounts and switch to FIX API after having a 1 or 2 year trade history instead of trading in mt4. Myfxbook doesn't support FIX API publishing of results.
3. Those traders targeting for a long term return generally don't come to myfxbook to promote, because with 1 or 2 years consistent trade history, then can easily get direct investors from other sources.
Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.
For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.
Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?
Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...
But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
For accounts using high risk are bound to crash repeatedly which will ultimately produce not a nice looking curve and hence, most users remove such accounts.
Our second high risk account is using a 30% equity protection which can be hit at anytime, but simultaneously it can be covered within 1 month if the investor agrees to continue to trade with us. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1high-risk-titanfx/1831056
Most importantly there are three main reasons why traders don't have long term trading history:
1. At least once in a year or once in two year due to any technical problem in broker end or in the VPS or may due to fundamental news events any trading system is bound to give some major drawdown which many traders don't want to show it to the public. Hence, they simply remove the account.
2. Those traders targeting for a long term return mostly trade large amounts and switch to FIX API after having a 1 or 2 year trade history instead of trading in mt4. Myfxbook doesn't support FIX API publishing of results.
3. Those traders targeting for a long term return generally don't come to myfxbook to promote, because with 1 or 2 years consistent trade history, then can easily get direct investors from other sources.
Artificial General Intelligence
Členem od Mar 02, 2013
229 příspěvků
Nov 21, 2016 at 07:58
4. Most of the traders here having big profits in a short time are crappy traders (even if the pretend to have a long experience and to trade "only price action, with stop loss, no hedging, no grid/martingale) and they will blow up your account if you ever decide to buy their signal service. This is as sure as the dead and the taxes!
I speak from exprience 😄.
I speak from exprience 😄.
The differenece between who your are and who you would like to be be is what you do
Členem od May 17, 2013
33 příspěvků
Nov 21, 2016 at 08:33
leo23 posted:
@Lteep1
Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.
For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.
Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?
Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...
But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
Členem od Oct 12, 2016
779 příspěvků
Nov 21, 2016 at 09:58
ricki72 posted:
4. Most of the traders here having big profits in a short time are crappy traders (even if the pretend to have a long experience and to trade "only price action, with stop loss, no hedging, no grid/martingale) and they will blow up your account if you ever decide to buy their signal service. This is as sure as the dead and the taxes!
I speak from exprience 😄.
Absolutely correct.
But instead of a signal service if you invest through a MAM in a regulated broker, then no trader can loose more than the amount of the balance which will be signed in the agreement with the broker, because the broker will take entire responsibility to close all open trades forcibly if the balance protection is hit. If the broker will not close and if it is regulated, then you can file a case against the broker.
Artificial General Intelligence
Členem od Oct 12, 2016
779 příspěvků
Nov 21, 2016 at 10:01
Dove_Services posted:leo23 posted:
@Lteep1
Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.
For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.
Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?
Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...
But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
Balance protection is also referred as "Equity Protection" which is the maximum allowed floating drawdown at a time. That means how much maximum drawdown the system allows below which all the open trades will be forced to close.
For example, in our system we have used a 90% of balance protection targeting approximately 5% per month. So if your account balance is 1000 USD, then at any time if the equity will fall below 900 USD, then all the open trades will be closed forcefully by the broker as well as by our system. That means 90% of the account balance will always be protected at any given time.
Artificial General Intelligence
Členem od Feb 17, 2013
16 příspěvků
Nov 21, 2016 at 15:53
Here is my system... On many pairs... Just look at it.. The draw down was on brexit... Otherwise it is stable.. Över 6000 trades... Fullt automaticly around the chock... https://www.myfxbook.com/members/bitis/fbst-v2/1688113
Členem od Feb 17, 2013
16 příspěvků
Nov 21, 2016 at 15:54
It is on 5 min chart.. No changes been made since The Start... There is stop loss take profit... Same input on all pairs... Of course i can change a lot to work better on every pair... But if it's working on all pairs then i think im on the right way... Want to go Live next year..
Členem od Feb 17, 2013
16 příspěvků
Nov 21, 2016 at 15:58
There is a total stop loss on every pair too... So total draw down on every pair is at 300 dollars... At The moment.. Any questions.. I have a modifikation idea but my programem has a hard Time to fix it...
Členem od May 17, 2013
33 příspěvků
Nov 22, 2016 at 09:03
leo23 posted:Dove_Services posted:leo23 posted:
@Lteep1
Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.
For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.
Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?
Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...
But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
http://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
Balance protection is also referred as "Equity Protection" which is the maximum allowed floating drawdown at a time. That means how much maximum drawdown the system allows below which all the open trades will be forced to close.
For example, in our system we have used a 90% of balance protection targeting approximately 5% per month. So if your account balance is 1000 USD, then at any time if the equity will fall below 900 USD, then all the open trades will be closed forcefully by the broker as well as by our system. That means 90% of the account balance will always be protected at any given time.
Thanks for clarifying.
The trade performance statistics on your account are commendable albeit it is light on history. In this business, history is everything because time and sample size is needed to filter out randomness and luck in a market that is governed by distribution of probabilities. Your comparative hypothetical examples unfortunately does not explain away the need for history primarily it is premised on an assumption that is dependent on history.
In any case, I wish you trading success that your account will continue to perform as you think it will.
Členem od Sep 29, 2013
22 příspěvků
Nov 24, 2016 at 07:26
Členem od Aug 07, 2015
8 příspěvků
Nov 24, 2016 at 15:27
simple price action strategy
https://www.myfxbook.com/members/makissideris/ultimate-price-action-2/1872580
try for free
https://www.myfxbook.com/members/makissideris/ultimate-price-action-2/1872580
try for free
makis.sideris@
Členem od Jan 05, 2016
1097 příspěvků
Nov 24, 2016 at 16:57
(Upravené Nov 24, 2016 at 16:58)
makissideris posted:
simple price action strategy
https://www.myfxbook.com/members/makissideris/ultimate-price-action-2/1872580
try for free
That account is absolutely worthless.
1) It's a demo account.
2) it's less than 30 days old.
3) it's not even fully verified.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členem od Jan 05, 2016
1097 příspěvků
Nov 24, 2016 at 20:50
VSSOO posted:
Here are our accounts:
http://www.myfxbook.com/members/VSSOO/smart-medium-risk/1871261
http://www.myfxbook.com/members/VSSOO/smart-low-risk/1871276
You deleted both of your system pages.....
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členem od Aug 10, 2016
8 příspěvků
Nov 25, 2016 at 09:02
bitis posted:
Here is my system... On many pairs... Just look at it.. The draw down was on brexit... Otherwise it is stable.. Över 6000 trades... Fullt automaticly around the chock...
Its a pity it got smashed during Brexit. The market will slap you around like a red headed love child if your strategy isnt able to cope with every sudden twist and turn. Keep at it.
Why trade manually when the computer can do it all by itself unattended and so much better than humans!
Členem od May 20, 2012
126 příspěvků
Nov 25, 2016 at 09:33
Professional4X posted:VSSOO posted:
Here are our accounts:
http://www.myfxbook.com/members/VSSOO/smart-medium-risk/1871261
http://www.myfxbook.com/members/VSSOO/smart-low-risk/1871276
You deleted both of your system pages.....
I also check but was deleted lol..
Trading For Living
Členem od Aug 07, 2015
8 příspěvků
Nov 25, 2016 at 09:47
ok my friend I will return next month correcting mistakes
but it does not invalidate my system
I wanted only to show the system that I follow ok???
but it does not invalidate my system
I wanted only to show the system that I follow ok???
makis.sideris@
Členem od Aug 07, 2015
8 příspěvků
Nov 25, 2016 at 09:49
Says somewhere that prohibited We must show demo???????????
makis.sideris@
Členem od Feb 22, 2011
4573 příspěvků
Nov 25, 2016 at 09:52
forexpipcatchar posted:CrazyTrader posted:
Hi,
I'm not here to fight, but it seems important for you to take in consideration some criterias you forgot.
How to evaluate a system?
It's not because that you don't apply martingale, that martingale trading account couldn't be presented here?... it's called discrimination.
It's like if you would say, average win must be > 10 pips.... (then you would be disqualified)
=> This is just an exemple.
To make it fair, you can't pick up criterias that suit your strategy.... anyway.
The most important part is a ratio that isn't presented into myfxbook stats.
It's called:
Calmar Ratio: A return/risk ratio. The return (numerator) is defined as the compound annualized return over the last 3 years, and the risk (denominator) is defined as the maximum drawdown (in absolute terms) over the last 3 years. (If there is not 3 years of data, the available data is used.)
This ratio must be at least greater than 3 in term of trading performance. Between 1 to 3... it's fine but not sufficient in term of ROI. Below 1, the risk involved is too high compared to the return
In your case:
Calmar ratio is (2.88 / 5.77) = 0.49
Hope you have learnt something regarding Risk vs Gains
By the way, 86 winning trades in a row is a nice performance!... even if it's 2 pips tp.
This CrazyTrader is an unsuccessful idiot that can't follow the criteria. Right George BapTEASE lol you idiot the thread owner said NO MARTINGALE FOOL so follow his wishes don't make excuses and pretend you know a lot loser because to DATE cockROACHE (must be a french word for noobs) not one single live account you have is making profits so your opinion is worth shit and don't create your own demo king...by the way how's you live accounts going hero? Are they going from Hero to zero ? Much like your brain...and the only one that comes here to fight is you Frenchonion!
Wait I'm not done yet, only the begining hehehe
This is very offending comment
on the other hand...
there are some true statements :)
Členem od Aug 07, 2015
8 příspěvků
Nov 25, 2016 at 10:18
Professional4X posted:ok my friend I will return next month correcting mistakesmakissideris posted:
simple price action strategy
https://www.myfxbook.com/members/makissideris/ultimate-price-action-2/1872580
try for free
That account is absolutely worthless.
1) It's a demo account.
2) it's less than 30 days old.
3) it's not even fully verified.
but it does not invalidate my system
I wanted only to show the system that I follow ok???
Says somewhere that prohibited We must show demo???????????
makis.sideris@
Členem od Sep 29, 2013
22 příspěvků
Nov 25, 2016 at 10:35
There was a problem with account verification so we deleted the accounts and connected them again. It should be ok now. Here are the links:
http://www.myfxbook.com/members/VSSOO/smart-medium-risk/1872159
http://www.myfxbook.com/members/VSSOO/smart-low-risk/1872162
http://www.myfxbook.com/members/VSSOO/smart-medium-risk/1872159
http://www.myfxbook.com/members/VSSOO/smart-low-risk/1872162
