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RSTrading

Membre depuis Jul 16, 2013  385 messages Rihan (RSTrading) Apr 12 2015 at 12:17
Hi there.

There are threads where you can go advertise your trading accounts, but with stricter rules.

I would like to invite traders to show off their accounts here if they pass certain criteria.

The criteria :

1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)

That's it. Only these five things. If your account passes that, feel free to let others know. There will be those that are disgruntled they cannot participate and will try to justify their way of trading, please ignore them - if it works for you, then great - maybe start a new thread and invite others trading that style to participate. - As I said, this place is not for arguing, it is for displaying accounts that potential investors might want to follow based on the criteria above. This thread is not intended to badmouth other trader's ways.

adrian8891

Membre depuis Jun 03, 2010  696 messages Adrian Matusiak (adrian8891) Apr 12 2015 at 17:44

PAMM MANAGER // Professional Fund Manager
RSTrading

Membre depuis Jul 16, 2013  385 messages Rihan (RSTrading) Apr 12 2015 at 18:32
Very nice. The first one passes all the checks. The second one..... a bit young for my liking.

Here is mine.....

https://www.myfxbook.com/members/RSTrading/my-holy-grail/1097298

CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Apr 12 2015 at 20:46 (édité à Apr 12 2015 at 20:49 )
Hi,

I'm not here to fight, but it seems important for you to take in consideration some criterias you forgot.

How to evaluate a system?
It's not because that you don't apply martingale, that martingale trading account couldn't be presented here?... it's called discrimination.

It's like if you would say, average win must be > 10 pips.... (then you would be disqualified)
=> This is just an exemple.

To make it fair, you can't pick up criterias that suit your strategy.... anyway.


The most important part is a ratio that isn't presented into myfxbook stats.

It's called:
Calmar Ratio: A return/risk ratio. The return (numerator) is defined as the compound annualized return over the last 3 years, and the risk (denominator) is defined as the maximum drawdown (in absolute terms) over the last 3 years. (If there is not 3 years of data, the available data is used.)

This ratio must be at least greater than 3 in term of trading performance. Between 1 to 3... it's fine but not sufficient in term of ROI. Below 1, the risk involved is too high compared to the return

In your case:
Calmar ratio is (2.88 / 5.77) = 0.49

Hope you have learnt something regarding Risk vs Gains

By the way, 86 winning trades in a row is a nice performance!... even if it's 2 pips tp.

You love my free signals... Like me on fb
BenNathanFX

Membre depuis Sep 06, 2013  137 messages Ben Nathan (BenNathanFX) Apr 13 2015 at 07:19
https://www.myfxbook.com/members/BenNathanFTA/wwwfxnewstradercouk-daily-trade-alerts-live/1172397

Trading is fundamental based in reasoning with consistent technical entry methods. Nothing fancy, just logical, simple trading. Risk is never above 1%.

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Apr 13 2015 at 07:20
forexpipcatchar posted:
CrazyTrader posted:
I'm out from here... the cockroach he's only here to argue with anyone that dares to tell the truth to him... just have a look to his activity... he can't do anything else in every thread.

Bye



Awwww your the cockroach freak you make your money from traders not from trading you fool. You're a big scammer let everyone go to your freaky website and see what you do and how ugly the French are lol


I'm sorry for, I have never traded someone else money, only once it was investor and it was visible on my account... I don't bring anything new here lol.

You love my free signals... Like me on fb
RSTrading

Membre depuis Jul 16, 2013  385 messages Rihan (RSTrading) Apr 13 2015 at 07:51 (édité à Apr 13 2015 at 07:58 )
CrazyTrader posted:
Hi,

I'm not here to fight, but it seems important for you to take in consideration some criterias you forgot.

How to evaluate a system?
It's not because that you don't apply martingale, that martingale trading account couldn't be presented here?... it's called discrimination.



Hi crazytrader, I also don't want to fight (the purpose of this thread was not to start arguments). There are many traders who apply martingale and swear by it. For the purpose of this thread I want to exclude them. I am in no way discriminating. (It is even an autotrading account requirement!)
'
It's like if you would say, average win must be > 10 pips.... (then you would be disqualified)
=> This is just an exemple.

To make it fair, you can't pick up criterias that suit your strategy.... anyway.'


I am not worried about pip sizes - as long as the system shows profit they can be any size thus I am not making it to suit my trading style.


'The most important part is a ratio that isn't presented into myfxbook stats.

It's called:
Calmar Ratio: A return/risk ratio. The return (numerator) is defined as the compound annualized return over the last 3 years, and the risk (denominator) is defined as the maximum drawdown (in absolute terms) over the last 3 years. (If there is not 3 years of data, the available data is used.)

This ratio must be at least greater than 3 in term of trading performance. Between 1 to 3... it's fine but not sufficient in term of ROI. Below 1, the risk involved is too high compared to the return

In your case:
Calmar ratio is (2.88 / 5.77) = 0.49

Hope you have learnt something regarding Risk vs Gains'


I have learned yes - didn't know that - thank you.


By the way, 86 winning trades in a row is a nice performance!... even if it's 2 pips tp.

Why thank you..

BenNathanFX

Membre depuis Sep 06, 2013  137 messages Ben Nathan (BenNathanFX) Apr 13 2015 at 07:55
Regarding Martingale - its taking the roulette red/black theory and applying it to trading... in my early days (about 10 years ago) i spent 6 months taking my first live account from $100 to $600 (admittedly risking too much at the time) using Martingale.... the problem is, once you get stuck in a range you're in a mess.... My start risk % was 1% and i would only trade one pair at a time, and yet I watched Martingale blow the entire account in 4 hours....

Martingale is like a ticking bomb - it lures you into a false sense of security... then one day when you are sitting confident you watch your account suddenly blow up....


HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
CrazyTrader

Membre depuis Nov 21, 2011  1712 messages CrazyTraderfx (CrazyTrader) Apr 13 2015 at 07:57
RSTrading posted:
Hi crazytrader, I also don't want to fight (the purpose of this thread was not to start arguments). There are many traders who apply martingale and swear by it. For the purpose of this thread I want to exclude them. I am in no way discriminating. (It is even an autotrading account requirement!)


Yeah you are right, this is a requirement... I just check it : )

You love my free signals... Like me on fb
ScalpingRus

Membre depuis Mar 10, 2015  116 messages ScalpingRus Apr 13 2015 at 08:11
BenNathanFTA posted:
Regarding Martingale - its taking the roulette red/black theory and applying it to trading... in my early days (about 10 years ago) i spent 6 months taking my first live account from $100 to $600 (admittedly risking too much at the time) using Martingale.... the problem is, once you get stuck in a range you're in a mess.... My start risk % was 1% and i would only trade one pair at a time, and yet I watched Martingale blow the entire account in 4 hours....

Martingale is like a ticking bomb - it lures you into a false sense of security... then one day when you are sitting confident you watch your account suddenly blow up....



 Martingale blew your account along with the system you were using. Martingale is only the form of wagering which you use to recover after a loss. The reason why you then entered a larger trader after you loss (martingale wagering) is based on the system which you used. Martingale is a ticking time bomb, but only when you are picking random spots to recover losses. For example, a person may have a sl set, and once the sl is hit, they open a trade right away in the very same direction which was that of the previous loss. That of course makes 0 sense, because if one concedes to a stop loss, then it is to assume that you believe the price will continue to run in the direction of the sl. People who trade in that manner, use stop loss, but much like that in the way of a casino as in a casino you have no way of knowing what the next card or number will be. In forex on the other hand, you can get a very good idea of if the buy or sell will result in a win based on TA.

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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.