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Anyone Trading For A Living?
Jun 13, 2013 at 13:30
PipTeacher posted:
Ok!
Let me answer some of your questions.
I am from Croatia. As I allready said I am new here therefore I don't have many trades.
When I was talking about my search for "zero" risk I didn't mean to become 100% right with my trades.
Instead I have calculated my average Risk/Reward ratio (Profit Factor)
If you can get Profit fator 2 that means trading without risk and that is very hard to achieve.
I know that there are planty of EA-s out there with more than PF: 2.
Only problem with those EA-s is their chances!!!
Let me explain:
They take large risk (for example: 1000, maybe 2000 or perhaps 3000 pips) and then they scalp the market.
Everthing is good with their trading and PF is more than 2, till huge loss showup!!!
Therfore I had to find a way to get my chances right!
Now I have acomplish that and here are my chances:
Chance to make huge DrawDown from -1.38:1 to -2.7:1 is only -5.5%
Chances to make a negative DrawDown wich is -1:1 to -1.38:1 only 13.8%
Chances to make from zero profit to 2:1 profit is round 36.4%.
Chances to make profit with money managment 10:1 to 3:1 is 27.7%
Chances to make profit with money managment 3:1 to 2:1 are 16.6%
As you can see I have DD all the time!
You see PF:2 is considered like trading without risk only by chance 50:50!
I have never succed to get that!
Instead I had to adopt my chances!
Now my chances over the long therm trading are :
Profit Factor: 1.5
Chance to earn or get even are greater than 50:50 ( chance to make a loss only round 20%)
Therefore if I have chance 60:40 and PF:1.5 it is same as PF:2 with chance 50:50
I appriciate the critics as well !!!
I am sorry I do not understand your numbers above.
But simply looking on your account
- your drawdown is almost 100% = loss of your whole account
- your profit is pathetic
會員從Mar 26, 2012開始
15帖子
Jun 13, 2013 at 13:39
(已編輯Jun 13, 2013 at 13:43)
That was withdraw!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
It is most important to have your risk setup to zero!
Jun 13, 2013 at 13:45
PipTeacher posted:
That was withdraw!
Click on the profit tab it is more accurate!
I have allready informend Myfxbook service to make that correction but I don't know why they didn't.
Thanks for your replay!
well
Balance: $20136.41
Profit: $77.61
Deposits: $39930.79
Withdrawals: $19872.00
+40,000 deposit
- 20,000 withdrawal
= 20,000 left (balance)
So where is the profit? This $77?? :))
會員從Mar 26, 2012開始
15帖子
Jun 13, 2013 at 13:53
(已編輯Jun 13, 2013 at 13:56)
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
It is most important to have your risk setup to zero!
會員從Apr 25, 2012開始
269帖子
Jun 13, 2013 at 14:01
PipTeacher posted:
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
use custom start date after your deposit.
會員從Aug 19, 2012開始
32帖子
Jun 13, 2013 at 14:27
Pip Teacher: There is no such thing as zero risk. anyone who claim to have zero risk system is a liar / scammer. Becareful guys. Every system has risk.
Get Rich or Die Trying
會員從Mar 26, 2012開始
15帖子
Jun 13, 2013 at 14:41
(已編輯Jun 13, 2013 at 14:51)
Thank you XharpScalper for your help!
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
It is most important to have your risk setup to zero!
會員從Apr 25, 2012開始
269帖子
Jun 13, 2013 at 15:30
PipTeacher posted:
Thank you XharpScalper for your help!
When I set this date I see the real track record!
This is only for a moment - not for others to see the real statement.
LKHedge -My answer: if you have read my posts from the begining you will notice that i have said near zero risk!
My question for you: "what is the possibility for coin to fall on tail 100 times in a row?"
you also have to click custom start icon at near right.
會員從Mar 26, 2012開始
15帖子
Jun 13, 2013 at 15:44
Thank's again! (I did it!)
It is most important to have your risk setup to zero!
Jun 13, 2013 at 19:35
PipTeacher posted:
First deposit was 20 000 than I withdraw all the money out to check the broker.
After that I put 20 000 on my account. now I have 20 136$ on my acc.
Problem is :
Why Myfxbook see 39930 as deposits ??? (maybe two deposits)
Why Myfxbokk see DD more than 100%???
The truth is that I have put only 20.000$ second time and now I am trading with this money.
You can see this as balance.
I don't know how realible Myfxbook is!
I wouldn't consider profit untill I get 20% of profit because there must be some money left for oscilation!
My goal is to make round 5%/month on average!
It could be the case that you have first account with auto update
and when auto-update was disabled you start sending data via MyfxbookEA?
In such case they double deposit etc...
會員從Jul 09, 2011開始
12帖子
Jun 13, 2013 at 21:21
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
I wish good luck to all traders
會員從May 08, 2013開始
19帖子
Jun 13, 2013 at 21:21
ok..it seems that ur DD has down to 2.56%..
but ur profit sucks..
sharpe ratio...
AHPR...
GHPR...
but at least u get profit from interest which is $3...
but ur profit sucks..
sharpe ratio...
AHPR...
GHPR...
but at least u get profit from interest which is $3...
experience + effort = wealth
forex_trader_14546
會員從Jul 01, 2010開始
4帖子
Jun 13, 2013 at 21:26
I try to reach the point, currently I am gaining consistently but not enough...
Take a look at my website http://www.sevenpips.com where I post about my journey to financial freedom.
Take a look at my website http://www.sevenpips.com where I post about my journey to financial freedom.
Jun 14, 2013 at 06:13
Davidfxonline posted:
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
Hey,
impressive results ;) The DD is quite high though...
會員從May 08, 2013開始
19帖子
Jun 14, 2013 at 08:55
Anyway, wishing u achieve ur financial freedom one day..happy trading
experience + effort = wealth
forex_trader_65591
會員從Feb 13, 2012開始
31帖子
Jun 14, 2013 at 15:11
I trade for a living as well
會員從Jun 08, 2013開始
14帖子
Jun 15, 2013 at 13:05
I'm trying for living ....perhaps...http://www.myfxbook.com/community/trading-systems/keong-pasal-2/577113,1
會員從May 08, 2013開始
19帖子
Jun 16, 2013 at 06:28
dianfxnewbie posted:
I'm trying for living ....perhaps...http://www.myfxbook.com/community/trading-systems/keong-pasal-2/577113,1
try verified ur account than we know its real or demo.
experience + effort = wealth
會員從Mar 26, 2012開始
15帖子
Jun 17, 2013 at 09:50
Davidfxonline posted:
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million http://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\
I wish good luck to all traders
Very impresive track record!
Do you compound your profit to get such a score?
It is most important to have your risk setup to zero!
會員從Jun 08, 2013開始
14帖子
Jun 17, 2013 at 13:59
Ejam The Great ok sir...done ....http://www.myfxbook.com/community/trading-systems/keong-pasal-2/581305,1
