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5% average monthly profit for at least 2 years (with less than 25% max. DD)

kricka
Feb 04 2016 at 00:43
92 Posts
The longer time an EA, cBot is operating the higher the chances are of a higher draw down.
The first year running, under 10% draw down is very good, The second year under 15% is acceptable, the third year 20%.
Draw downs higher then 20% a year reflects taking too much of a risk of the trading account.
25% draw down as Franck Cirna suggested should be the maximum allowed depending on the strategy at place.
More about this and other risk & money management principles can be read at RMMRobot.com

" Lock in the profit and minimize the draw down "
Franck Cirna (Sk0ll)
Feb 04 2016 at 00:49
10 Posts
25% is my maximum DD, actually this 15% was due an error of lot size calculation.
During backtests my DD did not exceed 13%.
I keeo strict money management rules.. Im more concerned about my DD than profit.

kricka
Feb 04 2016 at 01:23
92 Posts
Hi Franck,
there might be spikes of the draw down, as in your case. It's very important however that we are aware of this and make the necessary changes needed to bring down the risk. You have the right attitude and I'm glad to hear you are more concerned about the draw down in the first place, then profit. Profit is the outcome when the DD is in control.

" Lock in the profit and minimize the draw down "
shen139
Feb 07 2016 at 07:38
4 Posts
Hi,
I had some problems with the Swiss franc in the past (:) and I slowed down for some time but lately I started again with good and steady profits.
This is my primary account (I don't use systems):
https://www.myfxbook.com/members/shen139/zetah/1474723

Time is what we want most, but what we use worst!
FXtrader2010
Feb 07 2016 at 08:05
724 Posts
shen139 posted:
Hi,
I had some problems with the Swiss franc in the past (:) and I slowed down for some time but lately I started again with good and steady profits.
This is my primary account (I don't use systems):
https://www.myfxbook.com/members/shen139/zetah/1474723
nice job man

Batak Medan (batak)
Feb 08 2016 at 09:21
132 Posts
how to unsubscribe this discussion?

smarttrader (vijayinvites)
Feb 08 2016 at 11:59
106 Posts
there is a button on top 'Unsubscribe from this topic'

Yurii (Zelinskyi)
Feb 08 2016 at 12:02
16 Posts
batak posted:
how to unsubscribe this discussion?


Greeting's, sir.
If You are serious about this, than scroll this page to the top and look at the left part of the screen, just under the discussion's name there is a little golden bell icon and link that says: 'Unsubscribe from this topic' - that's what You need. If You can't find it there than go to your account settings and chose 'Subscriptions' tab and unsubscribe whatever You want.

BlueSapphireFX (BlueSapphireFX)
Feb 12 2016 at 11:36
17 Posts
hi, We are fund managers at BlueSapphireFX
7% Monthly from long time.

Please have a look:
 
https://www.myfxbook.com/members/BlueSapphireFX/fxpig-scalper-mam-account/1151594

jsantos3
Feb 24 2016 at 23:34
272 Posts
FxMasterGuru posted:
Although the above question was not addressed to me, let me answer it as a starter of this thread.

Yes, it is a real fact. There are some scam brokers which - usually collaborating with scammer signal or EA sellers as part of a Ponzi scheme - falsify results to attract clients for the brokerage and for the scammers... Sometimes the scam broker and the scam signal/EA seller is the same person...

Those 'hand-crafted' results will be published as REAL and VERIFIED results by MyFxBook, as MyFxBook would not know that the broker is a scam broker...

So I consider real and verified results (by MyFxBook) as 'really REAL', only if those results had been verified through a reputed, regulated and mainstream broker, e.g. Pepperstone, IC Markets, etc...


SYNERGYFX and so called Doug Price are churning several news EA's every year. Very scammy.

FxMasterGuru (FxMasterGuru)
Nov 02 2016 at 12:33
1608 Posts
This is a revival attempt of a thread I started back in 2013...

It is interesting to check out all those strategies which had claimed to fulfill the requirements over the past 3.5 years...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
kricka
Nov 02 2016 at 18:05
92 Posts
Risk & Money Management is of interest for all traders and protecting the account should be a primary goal that has to be accomplished, before even thinking of making any money. RMMRobot.com have some interesting ideas how to approach this subject for the trader.

" Lock in the profit and minimize the draw down "
FxMasterGuru (FxMasterGuru)
Nov 02 2016 at 23:42
1608 Posts
kricka posted:
Risk & Money Management is of interest for all traders and protecting the account should be a primary goal that has to be accomplished, before even thinking of making any money. RMMRobot.com have some interesting ideas how to approach this subject for the trader.


SERIOUSLY...? REALLY...?

Which is the ''interesting approach'' part of it...? Maybe the ''protecting the account as a primary goal'' - as mentioned?





Anhänge:


Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
IvestINC
Nov 10 2016 at 08:00
24 Posts
any account with 2 years ? ))) it is not possible )

We can invest 50-100k. Please PM me with real invest password last 6 Month Statement
FxMasterGuru (FxMasterGuru)
Nov 10 2016 at 09:53
1608 Posts
IvestINC posted:
any account with 2 years ? ))) it is not possible )


Thanks for letting us know that ''it is NOT possible''...! 😕

Very encouraging for all aspiring traders and investors...

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
mazzeltof
Dec 11 2016 at 07:48
11 Posts
Why the max 25% DD criterium? I have had way higher drawdown, up to 60% and I am making nice profits.
I am a gridtrader that trades positive swap only so only sell eurusd, sell usdrub, buy nzdusd, buy gbpchf and some 15 more.
Let's say I have 100k to trade with. I open 12 accounts with 5k each and on each account I start gridtrading in a way that I can cope with -600 to -1000 pips. There is 40k left so when an account gets to 70% drawdown I add 5k to that account. By selling eurusd and buying nzdusd I hedge some of the pairs. Worst case scenario I have to add 10k to one account. Other accounts that go my way will profit so after quite some time I could also withdraw 5 times 1k.

This works like a charm for me


The first account with +62% is by far my biggest account holding 52% of my total equity. The one with -31% is closed manually because I decided to leave that broker and open the exact same positions with a better broker.

I have 1 more account that isn't listed here holding 22% of my total equity that also saw 50% DD that has +46% profit.

I think with my drawdown I am doing quite okay

Anhänge:


mazzeltof
Dec 11 2016 at 07:48
11 Posts
Due to gbpchf and usdjpy going up a lot lately on wich I made great profit my drawdown in the accounts listed here is 11.5% and on the account that is not listed here the current drawdown is 27%

kieran (snapdragon1970)
Dec 11 2016 at 14:01
1945 Posts
Why have such a large DD , why not set it at 5-10% and re buy at a better price , if you believe a price is going to pull back what's wrong with buying it cheaper or selling it more expensive , higher gains.

"They mistook leverage with genius".
FxMasterGuru (FxMasterGuru)
Dec 11 2016 at 15:50
1608 Posts
I have set the -25% DD limit as it seems to be the PAIN THRESHOLD for MOST traders.

Trading larger funds, like $100k, even -10% DD can touch a nerve. Of course, it is different if you have your nerves made from ''Titanum-Steel alloy'...

Anhänge:


Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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