Fx_ProdigyTrader (由 chad98765)

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Fx_ProdigyTrader討論

Nov 10, 2016 at 22:51
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4 Replies
會員從Jan 17, 2015開始   5帖子
Dec 18, 2016 at 18:18
If any of you professionals would like to look over my strategy and critic me on my pros and cons I would greatly appreciate it. Im kind of new to trading and I need all the help I can get. Thanks
A trader's worth is his trading statement, Re-calculated daily.
會員從Feb 13, 2013開始   48帖子
Dec 18, 2016 at 20:15
If you continue each and every month this way in 3 years time you will be rubbing shoulders with George Soros and he will be asking you for advise. But this is unlikely. You are making right decisions by cutting losses at 20% DD but it becomes unsustainable in a long term. You see the market from time to time likes to throw at you several consecutive losses at a time and your account then becomes decimated. What's the solution? First of all you have to rename your strategy: instead of MAX profit you should name it STABLE profit. The first thing what investors ask is what's the risk? Then you have to reduce your risk to 2% per basket of trades. Even if you have 5 consecutive losses your account will still be able to handle 10%DD and to recover in a long term. With 30% growth per year and 15%DD investors will be lining up to give you money.
What goes up, must go down
會員從Jan 17, 2015開始   5帖子
Dec 18, 2016 at 21:11
Thank you for the advise. I will see what I can do to lower my risk.
A trader's worth is his trading statement, Re-calculated daily.
會員從May 04, 2012開始   1608帖子
Dec 19, 2016 at 07:33
OTHER THAN:

1. It is DEMO account
2. with only 3 weeks of track record and
3. statistically insignificant number of trades

IT IS A GOOD START!

附件:

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
會員從May 04, 2012開始   1608帖子
Dec 19, 2016 at 07:39
argreen posted:
If you continue each and every month this way in 3 years time you will be rubbing shoulders with George Soros and he will be asking you for advise. But this is unlikely. You are making right decisions by cutting losses at 20% DD but it becomes unsustainable in a long term. You see the market from time to time likes to throw at you several consecutive losses at a time and your account then becomes decimated. What's the solution? First of all you have to rename your strategy: instead of MAX profit you should name it STABLE profit. The first thing what investors ask is what's the risk? Then you have to reduce your risk to 2% per basket of trades. Even if you have 5 consecutive losses your account will still be able to handle 10%DD and to recover in a long term. With 30% growth per year and 15%DD investors will be lining up to give you money.

What you mention is all correct. However, it is better to concentrate on the Monthly Profit : Max. DD ratio, as all strategies with a good Monthly Profit : Max. DD ratio are SCALABLE to the individual investors' risk tolerance.

At least that is what I do. I have investors with 0.5x, 1x and 2x risk settings on the same strategy which has a 2:1 Monthly Profit : Max. DD ratio.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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