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20-40% performance fee (with high watermark) for Forex traders

NextLevelForex (NextLevelForex)
Sep 03 2011 at 22:03
262 Beiträge
FXTopGunTrading posted:
https://www.myfxbook.com/members/FXTopGunTrading/fxtopguntrading/143610

Pip Expectancy: 40.43 (if my calculation is correct)
Expectancy Ratio: 5.60


Thanks for the details, I added your account to my watch list!

You're system looks very profitable, but I need a longer history to commit to even try it on one of my accounts. Also if you have a REAL account where you are trading it, showing that would very much increase your reputation (one of the first questions you'll be asked when offering to manage other's people money, or sell/lease your system, will be: 'if you system is as good as you say, why do you trade it in a DEMO account?').

About the expectancy: using the data available today (9/3), I see 29 trades that brought 1463.6 pips into your account. That means the Pip Expectancy is 1463.6 / 29 = 50.47, which is quite good (considering your system is swing trading, it's actually expected to have double digit values for this metric). Since your average loss is 62.78 pips, your Expectancy Ration come out as 50.47 / 62.78 = 0.80, which again is very good.

Keep on trading the way you have shown in this DEMO account, and I'm sure you'll have a bright future ;)

Have a great weekend,

Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
NextLevelForex (NextLevelForex)
Sep 03 2011 at 22:10
262 Beiträge
SaltyWaters posted:
    <a href='' target='_blank'><img src=''/></a>


Hi SaltyWaters,

Can you provide more details? There is nothing in that picture that would allow me (or anyone else reading this thread) to evaluate how profitable your system/method is. Win % values, without the average pip gain/loss, are pretty much useless. Also to compute the metrics I'm using (the most talked about in this thread are Pips Expectancy and Expectancy Ratio), I'll also need the total number of pips made by the 40 trades shown in the picture.

Thanks a lot!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
SaltyWaters
Sep 03 2011 at 22:36
247 Beiträge

NextLevelForex posted:
    
SaltyWaters posted:
    <a href='' target='_blank'><img src=''/></a>


Hi SaltyWaters,

Can you provide more details? There is nothing in that picture that would allow me (or anyone else reading this thread) to evaluate how profitable your system/method is. Win % values, without the average pip gain/loss, are pretty much useless. Also to compute the metrics I'm using (the most talked about in this thread are Pips Expectancy and Expectancy Ratio), I'll also need the total number of pips made by the 40 trades shown in the picture.


This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.

I will provide detail from another Live/Real account on my next post.

Thanks a lot!

SaltyWaters
Sep 03 2011 at 22:47
247 Beiträge
The following are from another Live/Real Account started on 03-15-2011


<a href='' target='_blank'><img src=''/></a><a href='' target='_blank'><img src=''/></a>

Anlagen


NextLevelForex (NextLevelForex)
Sep 03 2011 at 23:35
262 Beiträge
SaltyWaters posted:
This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.


Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.

The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.

Take care,

Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
FXTopGunTrading (FXTopGunTrading)
Sep 04 2011 at 00:48
12 Beiträge
Hey Remus

Ben of FXTopGunTrading, thanks for adding my system to your watch list and explaining the Pip Expectancy/Ratio. Yes, I understand I have only one month of data for you to look over and that more time and trades are needed, no problem. I will continue posting my trades here at myfxbook.

Thanks...
Ben Williams

There's no greater power than the North Star : Live Free or Die Trying
SaltyWaters
Sep 04 2011 at 00:49
247 Beiträge

NextLevelForex posted:
    
SaltyWaters posted:
This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.


Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.

The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.

Take care,

Remus




It's showing in pips because I have the option to show it in either way. In this case it was set to show how many pips I have realized (Equity) and how many I have done in Total (Balance). It's just a matter of switching it to dollars.
In pips I can see the pair's performance in pips.

I don't want to connect my platforms to Myfxbook because how do I know if there isn't a script that will read all my MT4 folders and copy my code.

Anyhow I should mention, the fee that I do charge is 25% for the investor and 75% for my work.


Cheers,

Salty

Steve Walker
walker36 (walker36)
Sep 04 2011 at 00:58
1341 Beiträge

SaltyWaters posted:
    
NextLevelForex posted:
    
SaltyWaters posted:
This is a report from one of my Live/Real Accounts. The total number of pips made by the 40 trades shown in the picture are in the picture if you look at the Equity it shows 120579 because of the 5 digit broker so you take one digit off and the Total pips made is 12057 since the beginning of the year.


Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.

The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.

Take care,

Remus




It's showing in pips because I have the option to show it in either way. In this case it was set to show how many pips I have realized (Equity) and how many I have done in Total (Balance). It's just a matter of switching it to dollars.
In pips I can see the pair's performance in pips.

I don't want to connect my platforms to Myfxbook because how do I know if there isn't a script that will read all my MT4 folders and copy my code.

Anyhow I should mention, the fee that I do charge is 25% for the investor and 75% for my work.


Cheers,

Salty



if your harddrive is not shared they cant read anything from it. fyi

copett (copett)
Sep 04 2011 at 01:01
41 Beiträge
I hate math, really hate :(

Is my calculation correct??

Here's my data on (9/3) :

total trade : 500
total pips gain : 13463
averages win pips : 45.59
averages loss pips : 60.45

Pip expectancy : 13463/500 = 26.92
Expectancy ratio : 26.92/60.45 = 0.44

It's good or bad trades??

my account : https://www.myfxbook.com/members/copett/opera-van-java/107647


Thanks for your help :)

regards,

copett

3-5% Monthly profit, Follow my zulutrade!!
NextLevelForex (NextLevelForex)
Sep 04 2011 at 01:46
262 Beiträge
FXTopGunTrading posted:
Yes, I understand I have only one month of data for you to look over and that more time and trades are needed, no problem. I will continue posting my trades here at myfxbook.


Sounds good, Ben! If your performance is consistent, you'll hear from me pretty soon!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
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