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Managed Accounts
會員從Jan 19, 2013開始
224帖子
Apr 13, 2013 at 14:58
forexedge posted:pt49 posted:BellaVista507 posted:forexedge posted:BellaVista507 posted:
Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons "PIP DRAWDOWN" The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.Don't agree.
I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.
There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.Correct
You are correct. Yet, I am referring to scalpers. As if you can scalp and have less then 10 pip draw down. Then your truly on to something. In the world we live in, it is rather reckless to INVEST. One day up 300 pips, next day down 800 pips in 4 hours. I think if your looking for an account to manage your positions. Please make sure the person is scalping. As that is truly profitable way in forex. Everything else is meerly CHANCE!
Traders use all sorts of ways to measure degrees of success or failure, however there is only one true measurement that covers all bases, % of account balance and/or equity. Pip number is totally irrelevant because it depends on the amount of equity risked on entering the trade. Stops need to be factored in too, because a trader using no stops is risking 100% of his account, regardless of no of pips or amount invested in the trade.
So, the ONLY thing to look at really is % of account at risk.
You are right man.
Let me tell you. Scalpers is not the only way forward. All they do is give money back to the market. The amount of round turns they make, they are giving more profit to the broker than themselves. Fact.
Imagine, you make 300 lots per day on average to only make end of month around 4% and then when you look at what the brokers have made. they made around 4% profit too from commissions, then you know something is wrong.
In the example which you are using that may be the correct. Yet, scalpers (me personally) aim for 3 to 8 pips within 3 mins of me entering my position. Being that my spread is less then 1 pip. There is no way possible the broker can be earning more then me. Not to mention the round trips is something all traders HAVE deal with. Scalpers risk more per trade to off set the low pip count which they are aiming for. While scalpers tend to have much more accurate entries then swing traders.
To prove our point we will always focus on the extreme case. Yet the reality is aiming for an accurate entry is where the profit lies. Not waiting days or months on in just to break even and then hope to make profit.
forex_trader_110955
會員從Feb 06, 2013開始
61帖子
Apr 13, 2013 at 21:13
It is really hard to win on the market. Scalping however is in my oppinion the only way..
會員從Jan 19, 2013開始
224帖子
Apr 13, 2013 at 22:03
Anmaric_LTD posted:
It is really hard to win on the market. Scalping however is in my oppinion the only way..
I believe this week I will upload a new system which I have created. Main purpose is to have the minimum amount of pip drawdown per entry. If it works I will share with everyone. Yet, I must agree. Scalping is the only way to go.
會員從Apr 10, 2013開始
29帖子
Apr 14, 2013 at 11:56
I know someone who doesn't scalp but makes a whooping average of 2.5k% ROI a month and its not automated trading either but manual.
會員從Jan 19, 2013開始
224帖子
Apr 14, 2013 at 12:32
minutemanmissile posted:
I know someone who doesn't scalp but makes a whooping average of 2.5k% ROI a month and its not automated trading either but manual.
May be true. My reality is that scalping is the only way to go. As I focus on Pip- draw down.
會員從Jan 19, 2013開始
224帖子
Apr 14, 2013 at 12:34
pt49 posted:
Bullcrap, scalping is NOT the only one way to go There are many other ways to go than scalping.
Scalping is the most efficient way to profit day in and day out. As you focusing on getting the least pip- draw down per position. Swing trading or anything is merely guessing. Which is why swing traders us such low equity to begin with.
會員從Apr 10, 2013開始
29帖子
Apr 14, 2013 at 15:57
12264 posted:
@minutemanmissile
Really good way to blow any accounts you could of got 2.k% a month... blow on some one else's horn
How can I delete this post and stop these dam fiends from posting SHIT!!!
I'm just saying because I have seen it and its not always 2.5k% a month. Sure it sometimes go down from 1.5k% to a 300% equity but he sure knows when to stop trading.
Apr 14, 2013 at 16:03
@12264
I believe that there are some serious managers here with 2 years of history, and do very well. However, I'm pretty sure they aren't using myfxbook to fish for investors, but to actually use the statistics and tracking facilities (which I have to admit are really nice).
As for scalping, I believe that its much more difficult today doing it online, than it was 20 years ago doing it in a pit. The reason is simply that markets today are a lot more efficient than it was back then. I'm not saying its impossible, just a lot more difficult.
Also, if you're finding this thread annoying, you can unsubscribe from it. I'm still here cos I find it extremely entertaining.
I believe that there are some serious managers here with 2 years of history, and do very well. However, I'm pretty sure they aren't using myfxbook to fish for investors, but to actually use the statistics and tracking facilities (which I have to admit are really nice).
As for scalping, I believe that its much more difficult today doing it online, than it was 20 years ago doing it in a pit. The reason is simply that markets today are a lot more efficient than it was back then. I'm not saying its impossible, just a lot more difficult.
Also, if you're finding this thread annoying, you can unsubscribe from it. I'm still here cos I find it extremely entertaining.
The market will go up, failing which, it will go down.
會員從Jan 19, 2013開始
224帖子
Apr 14, 2013 at 16:06
That angry man said it the best. No one can provide more then 24 months of history. Which means scalpers, and swing traders are blowing accounts. Yet if a scalper is making 2100% in any amount of time. The reality is he/she has made more then any swinger could ever make. If the person withdrawals all the profit and blows account who cares. Reality is he/she has booked profit. :p That is why we are all here.
Apr 14, 2013 at 23:16
(已編輯Apr 14, 2013 at 23:18)
Trust me, VERY FEW traders ever withdraws any profits from an account in this game. Lets face it, when any profit returns to the bank account, it is liable for tax, and who wants to pay tax?
Wait for the trade to come to you... be patient.
forex_trader_80622
會員從Jun 11, 2012開始
20帖子
Apr 15, 2013 at 00:59
Dam, few beers in me and the rage comes out haha :)
會員從Jan 19, 2013開始
224帖子
Apr 15, 2013 at 01:11
pt49 posted:
Trust me, VERY FEW traders ever withdraws any profits from an account in this game. Lets face it, when any profit returns to the bank account, it is liable for tax, and who wants to pay tax?
Well in order to be taxed one must earn profit. Which is a blessing all in all. Yet, countries like Panama we do not pay taxes on any incoming wire transfers outside our country. :p
Apr 15, 2013 at 17:38
Hello everybody, today our my first day when i start our managed Account.
Everybody can open an account with us from 500,-USD and up, and we dont have round turn, you pay only a fixed fee every month.
So we can offer you the best spread to have 1:1 results.
Everybody can open an account with us from 500,-USD and up, and we dont have round turn, you pay only a fixed fee every month.
So we can offer you the best spread to have 1:1 results.
Be clear in youre mind so the losses will be tight and the winners will be big!
Apr 16, 2013 at 07:59
Hello everybody, today is our first day when i start our managed Account.
Everybody can open an account with us from 500,-USD and up, and we dont have round turn, you pay only a fixed fee every month.
So we can offer you the best spread to have 1:1 results.
Everybody can open an account with us from 500,-USD and up, and we dont have round turn, you pay only a fixed fee every month.
So we can offer you the best spread to have 1:1 results.
Be clear in youre mind so the losses will be tight and the winners will be big!
