Damon's Posts - Page 2

$1,000,000.00 Challenge in Trading Systems Apr 19, 2011 at 12:29

Last night was the last straw for this managed account, instead of 250 pips up I took another negative, that's 5 positive trades this account messed up. If it was not one thing it was another, while it happily missed only 2 negative trades... I must have something going on in my universe to make it go that whacky and only if it is going to be a positive trade... like it knew the future or something.I would not invest in an account that had a graph like this. So it is redundant. The EA is off and I killed the account.I will continue to use/work on this EA as I am still well up with it in pe...

Trading Company in Trading Systems Apr 14, 2011 at 03:19

Yes I concur, even if it is not blown and he has just gotten lazy with updating, there is no reason he cannot have his EA do the regular 5 min or hour or daily auto updates unless he needs time to manipulate the feed or is otherwise hiding something.

Show Broker - The Proper Way in Suggestion Box Apr 11, 2011 at 23:33

As I said, some people have an IB business, it would destroy there business to show the broker, the brokerage would get the leads for free, the IB would go out of business, what I am suggestion would show the broker but leave the IBs business intact.Damon

$1,000,000.00 Challenge in Trading Systems Apr 11, 2011 at 08:34

Fantastic, well done :)

$1,000,000.00 Challenge in Trading Systems Apr 08, 2011 at 23:31

Uda, What did you learn?

$1,000,000.00 Challenge in Trading Systems Apr 08, 2011 at 02:34

Alright, this is just embarrassing.I switched over to the pending robot and the first pending order it puts on, the market does not even touch it, it goes straight through in to a new range, if I left it the normal way, I would have realized 128 pips...Then to top it off I am trading twice my usual size because the managed account is so small, and it is now showing a draw down that should never be. I will let the account get back to 0 on this insane setting then switch to a new account that has more money in it so I can keep this setting (as it is the most robust way I have found).The only pro...

$1,000,000.00 Challenge in Trading Systems Apr 05, 2011 at 01:31

I have the pending order version of the EA running now as of seconds ago.It increases my back test Profit factor by 1/2 a point, so I am very pleased with it, although it does miss a few runs I can't argue with the profit factor. -money well spent.I have also implemented both the "reversal strategy" and the original "trend strategy" at the same time... when I first started this account it used only the "reversal" as the "trend" one had a draw down I did not like, now that it uses pending orders the DD has been not only controlled but is better the &q...

Alpari UK Classic in Trading Systems Apr 04, 2011 at 21:28

Hi Baraban,What I meant was a PAMM managed account, you know you can attach an EA to your MT4 with a PAMM account and everyone else's account follows right? You only need to have one instance of MT4 running to manage thousands of accounts. Also your fee comes right off the top of each trade, the brokerage itself deals with distribution. Also, everyone gets filled at the same price, because it is traded as a lumped aggregate.Is 2 pips on the Euro and 3 pips on the other majors too big a spread for your trading style?

Show Broker - The Proper Way in Suggestion Box Apr 04, 2011 at 11:48

Is it possible to to add a field in your "display broker" option where we can put a bit.ly link or otherwise track-able link?I don't think brokers should be hidden on this site, but I also don't think it should destroy someones IB business to have to display it on here.I think if you incorporated this option you would get a higher class of managed accounts using myfxbook as professional promoters would still make their commissions whilst using that track-able link, and so would come here to promote.The only problems I foresee is that you would need to approve each link as it ...

Spytrader in Trading Systems Apr 04, 2011 at 11:31

Spy Trader, absolutely beautiful !I am E-mailing to ask you to do a proper managed so I can send you clients... PLEASE do it!I just left a post in another top systems saying they were the one I wanted to beat, but in fact your EA is much more robust than his, I hope you see another favorable market condition for your EA like the conditions in your first month !

Alpari UK Classic in Trading Systems Apr 04, 2011 at 11:23

Excellent so far. I will follow you, but it seems quite robust so far, makes money in favorable market conditions, goes sideways if unfavorable, awesome, I wish you luck in your climb to the top, You are the one to for me to beat, I think the other guys at the top with EAs will beat themselves.But I do not understand why you do not show the actual managed account? Do you do your managed accounts "account copier" style? It would be nice to see the actual managed account on here. I have seen Money Management make or break accounts many times over.

Trading Company in Trading Systems Apr 04, 2011 at 11:07

Wow, Ben, your account looks good.But I see that in your other accounts you have been found to manipulate them -check the discussion: http://www.myfxbook.com/members/Tradingcompany/tradingcompany4/80118*** Solar shows proof that this guy manipulates accounts = RUN ! ***

Tradingcompany4 in Trading Systems Apr 04, 2011 at 11:01

Wow, Ben, your account looks good.But if Solar said you are manipulating accounts and shows proof... I have seen him crack too many frauds to ignore that. Your rash communication in reply to his proof reminds of other fraudsters.If anyone is even remotely looking to place money with this guy, please follow Solars threads around myfxbook and see that he does excellent investigatory work always backed by hard facts. Also, notice the number of vouches he has... he didn't get them for being pretty.

Contest - Jira123 in Trading Systems Apr 04, 2011 at 10:27

Great Job!Is that manual or EA?

$1,000,000.00 Challenge in Trading Systems Mar 28, 2011 at 20:21

Thank you Wilkinson :)

$1,000,000.00 Challenge in Trading Systems Mar 27, 2011 at 21:36

Hi Wilkinson,Actually although it does have draw down periods it works in any year I have tested it in, it is robust, in choppy periods it sleeps, BUT if it breaks out with 80 pip 1 hr candles it takes on a lot of risk if there is a reversal, I am programming the EA with pending orders on break out instead of just buying at market with confirmed break. I do have it trading pretty small, the biggest draw down I could find in history with this setting is 20% On my personal account it would take me for 50% DDVery good advise, I agree, if I wasn't convinced that it worked in the long term I wo...

$1,000,000.00 Challenge in Trading Systems Mar 25, 2011 at 21:16

Well, it looks you are going to see what draws look like in this account before you see what gains are like... Awesome.

$1,000,000.00 Challenge in Trading Systems Mar 24, 2011 at 13:12

Raiden,No, not at all. You have offered only help and advice. And my questions are legitimate and sincere.By "entertained" I meant that I had nothing to discuss in here until some trades were in the history, so by your advice and help I have someone to speak to.And I must mention your brutal Avatar every time you post. Why would you have an old Chinese CGI face for your avatar?

$1,000,000.00 Challenge in Trading Systems Mar 23, 2011 at 18:02

Hi Raiden,I have some cute fuzzy kitten photos you could use as your Avatar?! Please take them.My EA does not average down. Actually it is opposite, it will buy more as it gets more dear. Not buy more when price moves against.Please explain "Averaging down is not martingale", I thought they were one and the same?Only one Caveat needed: "Only use money you can afford to burn." :) I apply that to all trading.Thanks for keeping me entertained while this thing starts up :)Damon

$1,000,000.00 Challenge in Trading Systems Mar 23, 2011 at 10:21

Hi Raiden,I am not saying it will do 25.27% I am saying I would be VERY happy if it did that :)What are the draw downs like for these fund managers doing 20% per month consistently? And where are they? And what is there minimum account?Am I right in thinking "recovery logic" is martingale? If so, I do not use Martingale.Max lot is 10,000 -Jesus ! Thats 1 billion units of base currency... WOW. -I won't be getting that big where one pip = $100,000.00, incredible to think in that size.

All Quotes
AUDUSD	0.65271	USDCHF	0.9132
EURJPY	166.73	EURCHF	0.97895
EURGBP	0.8569	GBPJPY	194.565
EURUSD	1.07176	GBPUSD	1.25059
USDJPY	155.576	USDCAD	1.36799

EURUSD	1.07176	GBPUSD	1.25059
USDJPY	155.576	USDCAD	1.36799

Posts by Damon