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EAs do not work for me! Its much better to do manual trades.

Chikot
Dec 12 2014 at 11:19
posts 2299
why? I am not looking for money at the moment. I am building my account to gradually increase size to some respectable levels.
The thing is, I believe I can do it based upon my trading especially risk control.
Also, I am trading futures with futures broker. cannot be connected to myfxbook.
vontogr (togr)
Dec 12 2014 at 11:19
posts 4862
Chikot posted:
why? I am not looking for money at the moment. I am building my account to gradually increase size to some respectable levels.
The thing is, I believe I can do it based upon my trading especially risk control.
Why not?;)
Just to prove your words
Chikot
Dec 12 2014 at 11:21
posts 2299
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
vontogr (togr)
Dec 12 2014 at 11:34
posts 4862
Chikot posted:
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
Yeah whatever you say
Chikot
Dec 12 2014 at 11:38
posts 2299
Exactly!

togr posted:
Chikot posted:
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
Yeah whatever you say
Chistopher Robin (ChrisMuzhik)
Dec 12 2014 at 12:17
posts 65
it depends on your strategy - use ea or trade by hands. As for me I always trade by hands (due to avoid risks with big amounts), but if you're sure about your strategy, currency, have a lot of experience, so you may easily make semi-auto mode trading. But I still strongly recommend you to watch the market when you're trading 🙃
There can't be enough money
aslan9
Dec 12 2014 at 12:20
posts 28
FERMONZOR posted:

Christmas is coming & volatility will diminish dramatically, hope we can see some nice trends in the short term my friend!😄

Hope this too)
expert2trade
Dec 12 2014 at 12:23
posts 37
togr posted:
Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....

Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.

well I am a manual trader, I use no EA...you can check my track here - https://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
Yes! with the right skill....its possible to make 40% a day in Forex.
vontogr (togr)
Dec 12 2014 at 12:32
posts 4862
expert2trade posted:
togr posted:
Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....

Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.

well I am a manual trader, I use no EA...you can check my track here - https://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
aslan9
Dec 12 2014 at 13:03
posts 28
togr posted:
expert2trade posted:
togr posted:
Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....

Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.

well I am a manual trader, I use no EA...you can check my track here - https://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!
expert2trade
Dec 12 2014 at 14:07
posts 37
Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
Yes! with the right skill....its possible to make 40% a day in Forex.
expert2trade
Dec 12 2014 at 14:10
posts 37
togr posted:
expert2trade posted:
togr posted:
Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....

Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.

well I am a manual trader, I use no EA...you can check my track here - https://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)

I really find the drawdown concept of no use...unless one is in loss. How can past drawdown be a benchmark of ability, especially when profits roll in 😄
Yes! with the right skill....its possible to make 40% a day in Forex.
vontogr (togr)
Dec 12 2014 at 14:10
posts 4862
expert2trade posted:
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!
Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
That's even worse. You made 75% within few weeks.
The point is that your account will be wiped soon
expert2trade
Dec 12 2014 at 14:11
posts 37
togr posted:
expert2trade posted:
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!

Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
That's even worse. You made 75% within few weeks.
The point is that your account will be wiped soon
I'll make sure it does not get wiped 😄 leverage helps in these situations
Yes! with the right skill....its possible to make 40% a day in Forex.
CrazyTraderfx (CrazyTrader)
Dec 12 2014 at 14:23
posts 1718
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss => Risk/Reward 1/2 minimum.
3) Drawdown < 10% => Make sure your account will never blow out
4) Winning ratio => don't care about it.

5) Live trades as example.
expert2trade
Dec 12 2014 at 14:26
posts 37
CrazyTrader posted:
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss=> Risk/Reward 1/2 minimum.
3) Drawdown < 10%
4) Winning ratio => don't care about it.

5) Live trades as example.

But why is everyone so concerned about drawdown ? If its happened just once in some time, i feel it does not have any bearing on the future profits.
Yes! with the right skill....its possible to make 40% a day in Forex.
Bob LLewellyn (ForexAssistant)
Dec 12 2014 at 14:27
posts 465
“Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!”

Well, it depends on what the 75% draw was the result of. The higher the percentage of draw, the higher the efficiency of the system so long as it never reached 100%. If the 75% is a worst case scenario not likely to be repeated within our life time and the constant draw is less than 50%, you actually have a pretty safe system. On the other hand, if you have only been trading for less than a year and the draw is normally over to 50%, yes, then you may need help.

The draw is a measure of how hot your system is. If your draw is never over 25% Then you should double the size of the trade to double the profit and have a draw of around 50%. I look at 50% as the half way between profit and risk, however it really depends on the system.

Another indicator of risk is the profit percentage. If a system got over 5% a month, I would be hesitant to put real money into it until I saw and understood how it works. More profit – more risk. Professional traders would give their soul for a constant 5% per month and reasonable risk, except as we all know, professional traders have no souls. Goldman-Sachs is the valley of the damned.

Bob
where research touches lives.
vontogr (togr)
Dec 12 2014 at 14:29
posts 4862
ForexAssistant posted:
“Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!”

Well, it depends on what the 75% draw was the result of. The higher the percentage of draw, the higher the efficiency of the system so long as it never reached 100%. If the 75% is a worst case scenario not likely to be repeated within our life time and the constant draw is less than 50%, you actually have a pretty safe system. On the other hand, if you have only been trading for less than a year and the draw is normally over to 50%, yes, then you may need help.

The draw is a measure of how hot your system is. If your draw is never over 25% Then you should double the size of the trade to double the profit and have a draw of around 50%. I look at 50% as the half way between profit and risk, however it really depends on the system.

Another indicator of risk is the profit percentage. If a system got over 5% a month, I would be hesitant to put real money into it until I saw and understood how it works. More profit – more risk. Professional traders would give their soul for a constant 5% per month and reasonable risk, except as we all know, professional traders have no souls. Goldman-Sachs is the valley of the damned.

Bob

@ForexAssistant
Bob
With all the respect to you I disagree. Any system with 75% DD is dangerous and very close to account end. It does not actually matter why.
vontogr (togr)
Dec 12 2014 at 14:29
posts 4862
expert2trade posted:
CrazyTrader posted:
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss=> Risk/Reward 1/2 minimum.
3) Drawdown < 10%
4) Winning ratio => don't care about it.

5) Live trades as example.

But why is everyone so concerned about drawdown ? If its happened just once in some time, i feel it does not have any bearing on the future profits.

As DD is showing the risk you are willing to take. If you took 75% you were very close to killing the account.
CrazyTraderfx (CrazyTrader)
Dec 12 2014 at 14:31
posts 1718
Drawdown... the lowest, the better.... else you're gambling with Forex.
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