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Hey Traders and who which use an EA and think they are Traders!
Anggota Sejak Oct 28, 2011
25 pos
Anggota Sejak Nov 15, 2011
61 pos
Dec 30, 2011 at 13:07
Anggota Sejak Nov 15, 2011
61 pos
nice, took a look at your history...does look like you're playing a risky game increasing to so many lots. (only reason I checked is because of the high win rate).
Not saying it's bad, but it is risky, be careful with opening too many positions, margin in there for a reason, and myfxbook only shows drawdown for balance, not equity.
Not saying it's bad, but it is risky, be careful with opening too many positions, margin in there for a reason, and myfxbook only shows drawdown for balance, not equity.
When you fall you learn, then you get up and you try again until you master it.
Anggota Sejak Nov 15, 2011
61 pos
Dec 31, 2011 at 09:35
(diedit Dec 31, 2011 at 09:42)
Anggota Sejak May 30, 2010
64 pos
No stop loss is always a red flag in my mind.. and also seeing the yellow (equity) line under the red (growth) line does not increase my confidence either.
The first thing that pops in my mind when I see a high win rate is that the person holds on to his losers.. and hints at a psychological problem that he cannot take losses well, and thus does not cut them short.
Another thing that is a turn off for me is seeing the average loss both in the pips and monetary comparisons being larger than the average winner (which hints he does not let his winners run).
* also the worst trade being almost twice as big as the best trade.
I've seen this behavior on so many systems on myfxbook, I really should just copy and paste this in the future..
Beware of the black swan my friend.
Best regards, Stefan.
The first thing that pops in my mind when I see a high win rate is that the person holds on to his losers.. and hints at a psychological problem that he cannot take losses well, and thus does not cut them short.
Another thing that is a turn off for me is seeing the average loss both in the pips and monetary comparisons being larger than the average winner (which hints he does not let his winners run).
* also the worst trade being almost twice as big as the best trade.
I've seen this behavior on so many systems on myfxbook, I really should just copy and paste this in the future..
Beware of the black swan my friend.
Best regards, Stefan.
A person is only limited by the thoughts he chooses.
forex_trader_29148
Anggota Sejak Feb 11, 2011
1916 pos
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