November Profit on Low Risk strategy: 4.38% November Profit on Medium Risk strategy: 12.35% November Profit on High Risk strategy: 17.36%
Glad November is behind us. It was a month fraught with significant and complex trading challenges. Including one of my brokers going into external administration.
This next week I will launch a new low risk master account signal which will be available on SimpleTrader and SignalStart. The old master account with 22 month track record unfortunately must be phased out once the basket is closed. This track record will be migrated on some platforms so I don't lose it, and on others I will make a note that the track record is being continued on another new account at Mt Cook.
Powell gave himself wiggle room, but many traders now disagree with the original market interpretation and overreaction which I expect to fade out. My trade plan is still viable and active. Especially with terrible GDP inputs of construction and Capex, which are going to make this week's AUD GDP data worse and Aussie rate decision more dovish in my mind, especially with tariffs, trade tensions, slowing China, Brexit, and Italy budget nowhere near being resolved.
New HIGHER LOW in place in equity curve. This system can recover losses quite quickly if you look at the previous 7 drawdown periods. Monthly returns VS max drawdown is what you must look at, in addition to my discussion below, which talks about how Andrew Lockwood educates Retail Investors / Signal Copiers to manage their trade copying investments.
I thought this video by Andrew Lockwood of ForexSignals is worth emphasizing, because he mentions some very important DO's and DONT's with making money with Forex Signal / Trade Copying. The biggest reminder and key issue is that Copiers must keep engaged, participate in the management of risk along the way (especially during drawdowns), and they must understand that there are down times for every strategy and also every trader. He reiterates this on the video, and I sure wish retail investors kept up their end of the bargain, stopped blatantly blaming a trader, and accepted their part of the responsibility. Trust in Signal Services comes from ...... shouldering this responsibility.... analysis and getting to know a trading system / trader. What's behind the scenes with a strategy, so when the bad times come, you can ride out the drawdown period and recover losses without giving up too soon. I think SC performance was good, but the strategy is clearly damaged now and not performing. FXStat and FXBlue do a great job of breaking down and analyzing a system's performance in many different perspectives: https://www.fxstat.com/en/performances/view/Outside-the-Box---Master-Account-84720 https://www.fxblue.com/users/outsidetheboxhk
How much of equity / profits need to disappear before investors / providers stop trading or investing in a certain system? How does it perform in volatile periods? What is the maximum acceptable drawdown? What would you expect the maximum number of consecutive gainers / losers to be given the past performance? What is the point when most losing trades have not recovered from a drawdown? Maximum Adverse Excursion (MAE/MFE)
Just emotionally, flippantly throwing out a signal service after 5 losing trades or a 2 month losing streak might be the worst thing to do. And I actually find this happens more often than not. People getting jumpy after a 10 or 15% drawdown, and then at least with systems that can produce more significant gains in good times, the recovery will be lost if you divest. This, of course, goes both ways, so sometimes it's important to divest at the right time when you think a strategy is starting to fail terminally.
Great advice from Andrew Lockwood of ForexSignals.com -- 1) structure and rules for FX trading 2) Technical analysis combined with Fundamental understanding 3) Price Action 4) Being disciplined and knowing your system https://lnkd.in/f6D3Jhe
This is how I trade too for my 40 Fund clients and 95 trade copying subscribers. ** By the way, check out Marcos @Maxima Investments too Different style but he knows what he's talking about https://lnkd.in/fj_GrJE
I am learning how to generate consistent returns and to keep risk and DD to a minimum for a stable and long future of profit DD will now be lowered to 20% going forward with targets of 10 to 20% monthly Check it out and join 135 subscribers and 30 private fund clients ----------------------------------------- Mt Cook Financial PAMM http://mtcookfinancial.com/mm-outside-the-box-hk/… HotForex PAMM https://www.hotforex.com/…/en/landing-pa…/pamm-account.html… -------------------------------------------------- Follow Outside the Box HK on Instagram https://www.instagram.com/outsidetheboxhk/ Follow Outside the Box HK on TRADINGVIEW https://www.tradingview.com/u/OutsideTheBoxHK/ Subscribe to my Signal at: SignalStart ---- http://www.signalstart.com/analysis/outside-box-hk/22160 MQL5 ---- https://www.mql5.com/en/signals/305461 Find rigorous trade performance statistics at:
I would like to notify you and be clear that my signals will close to new subscribers soon, and then current subscribers can decide whether they'd like to stay with Trade Copying Signal Subscription or to move to Mt Cook Financial or to HotForex investment fund with a couple promotional offers from the broker and from myself the manager.
The signal price will gradually increase and will be limited to funds below $50,000. Then investors can decide whether to keep monthly subscriptions or to invest for the long run in my PAMM funds.
I would say subscribe with SimpleTrader signal for a month and then make your decision from that point based on returns, signal price, allocated capital, and opportunities between signal and PAMM fund.
1 - With $500 usd initial investment your returns will grow 10-30% monthly, and after 1 to 2 years, that is exponentially significant. 2 - I suggest choosing Halifax Investment Services as a broker, since you get best prices and immediate execution of the same trades I am making each day. 3 - I would be willing to walk you thru it over Skype, and that would give us a chance to finally meet too. There might be other ways we can collaborate, since I am building a laptop lifestyle to have free time to travel, help causes I believe in, spend time with my kids, and to collaborate on other ventures. 4 - Once your broker account is set up, MT4 trading platform downloaded and installed, and funds deposited, then... 5 - Subscribe to SignalStart trade copying feed for $69 per month, and apply it to your MetaTrader platform. 6 - You follow my returns, decisions, and reports on SignalStart or MyFXBook daily or weekly to stay up to date on how your investment is growing.
Your profits will cover your subscription fee easily. Many of my friends and family are benefiting from this very same setup already as it is a very minimal investment and risk, for such a great probability of growing returns.
This is a hard journey, and only those who are gifted and determined will succeed in this industry. After 14 years trading I'm still at it.
I haven't given up, and I am finally getting consistent and positive results from my hard work learning, executing trades without emotion, and planning for good setups in the market. Here is what I have learned.
1. You must be willing to pay a steep price (in money, time, and dedication) to eventually be able to make a living and to grow your equity beyond 100,000 if you are a normal person with normal amounts of capital to invest at the start. I started with $5000 and blew up my account after doing well for a couple months. Then I became overly confident. we've heard this a thousand times. Then I determined that I would learn from my mistakes and be willing to perfect my trading life and plan, and to work wisely with risk management and psychological health so that I could gradually earn enough each month to provide for my family if we were going to move to different places in the world without much hassle. 2. Find a good broker. Learn the software and forex tools that give success. 3. Set a schedule to give your day some structure without FX taking over your life, wearing you out, and negatively effecting your life and relationships. FX can become addicting in nature, even if it is not gambling, it is a form of addiction. 4. Have a humble nature that is willing to learn from those who have been successful. 5. Rigorously analyse your trading. Connect your trade history to some type of analytical tool / trade journal so that you can improve your execution and trade strategy. MyFXBook is great. 6. ALSO!!! This is one many people forget. Look for alternate sources of income, so that you can safeguard your life from many sources of income should one fail or be lost. This gives one security of mind, and in trading you must have security of soul and mind to do well. I provide private tutoring, provide Subscription based fx signals, have boarders living in my house, and I am investigating other sources too. Diversify your risk, and lower your risk in as many different ways as possible.
I'm in the battle with you! Find me at Instagram at link below or here in this great site to collaborate and encourage one another in this common goal.
Please vouch for my system if you feel it is strong and consistent! See my daily screenshots of my profits and other cool FX education and motivation at my Instagram: https://www.instagram.com/outsidetheboxhk/
Hi all! Many great profits this month. I am learning much and working 18 hour days to make sure I am as profitable as possible. My system is now listed on SignalStart and MQL5 and I am adding to the technical analysis discussion on TradingView and DonnaForex. My system's ranking is #32 out of 700, and I want to push it higher for sure. https://donnaforex.com/index.php?topic=19706.0 http://www.signalstart.com/analysis/outside-box-hk/22160 https://www.mql5.com/en/signals/305461 https://www.tradingview.com/u/OutsideTheBoxHK/
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.