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5% average monthly profit for at least 2 years (with less than 25% max. DD)

MHO_ProFXManager (MHO_ProFXManager)
Jun 22 2015 at 14:55
31 件の投稿
i know what he and you mean, but strictly only the (current) price value, ohlc should be named price action,

all other versions must be combined with the rules like: price action pattern trading, price action trend (line) trading, price action inside bar trading and so on! clear?
pattern uses ohlc per definition
trend uses ohlc, if exponential is used=indicator trading!

fxstaymanaged (fxstaymanaged)
Jun 23 2015 at 15:16
63 件の投稿
our team can managed your funds to buy stocks with %100 profit in a 2 year time frame

VSASyndicate (VSASyndicate)
Jul 08 2015 at 20:38
73 件の投稿
Easily possible. https://www.myfxbook.com/members/andyl913/vsasyndicate-trading-journal/1225124

but I don't have 2 years of history yet.

Drawdown can be lowered if my monthly target is lowered, but this what I'm comfortable with for myself.

FxMasterGuru (FxMasterGuru)
Jul 09 2015 at 04:04
1607 件の投稿
andyl913 posted:
Easily possible. https://www.myfxbook.com/members/andyl913/vsasyndicate-trading-journal/1225124

but I don't have 2 years of history yet.

Drawdown can be lowered if my monthly target is lowered, but this what I'm comfortable with for myself.


Looking at the entire trade history - since MARCH 18th - I can see:

1. -0.45% Average Monthly LOSS

WITH

2. -92.2% Max. Drawdown

These results are simply way too far from the stated conditions of average monthly profit of +5% with max. DD below 25%... Not to mention the two years requirement...

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Donex
Jul 09 2015 at 08:31
90 件の投稿
FxMasterGuru posted:
** The TOPIC and CHALLENGE is still the SAME since 2013: +5% average monthly profit for at least 2 years (with less than -25% max. DD) at a mainstream broker (preferably non-grid) **

Does such a strategy exist at all...??

So far nobody could show such a single account... (The 'famous' newstraders' claim is not acceptable because of their cherry-picked account compilation.)


What do you think of the following. As far as I can see meets the criteria. >5% monthly profit. 2 years & < 25% DD. One criteria I would add that you haven't is avg win is > than avg loss. The only dodgy point is the the broker. Maltese regulated broker, hmmm don't like it.

https://www.myfxbook.com/members/EvolutionForex/evolution-mam/1273122

Hate your losers more than you like your winners
FxMasterGuru (FxMasterGuru)
Jul 10 2015 at 04:43
1607 件の投稿
@Donex

You are right: the 'dodgy point' is the broker.

Over the past years there have been many 'phenomenal' verified performance results on MyFxBook, but - suspiciously - all of them running at less or non-reputable (i.e. non-mainstream) brokers.

The problem with it is that some 'boiler room' brokers CREATE (i.e. make up) nice performance results just to recruit unsuspecting customers who can watch their PAPER PROFITS grow, until the broker falls off the Earth and gone with all the deposits (and paper profits). In other words: they run a Ponzi scheme, similarly to what Bernie Madoff created.

As mentioned by the 'manager': 'Evolution and its trading is preserved for MAM investors only.' It means that an investor can use only one specific and less reputable broker. Which is suspicious enough already.

Should they be able to show the same results on a separate real account running at an ASIC regulated broker (e.g. ICM, Pepperstone, AxiTrader, etc), then the credibility of this and similar results would be much higher.

The usual respond to this suggestion is: 'We are successful enough and we do not have to prove anything to anybody...'

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HIROO59
Jul 10 2015 at 08:41
166 件の投稿
Hello everyone,
If you want to check if the broker is reliable, go to the following website

https://www.forexpeacearmy.com/public/forex_broker_reviews

Best Regards

Hiroo59

FxMasterGuru (FxMasterGuru)
Jul 10 2015 at 14:51
1607 件の投稿
Thanks, Hiroo59.

FPA is a good reference point, but unfortunately not fool-proof in this regard.

Some brokers manage to hide their s**t for a long-long time. Like Bernie Madoff was able to cover up his multi-billion dollar Ponzi-scheme for many years.

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Alex
Look009
Jul 11 2015 at 23:54
224 件の投稿
FPA is a good source to find out some info about brokers, I have impression they cover all existing ones

FxMasterGuru (FxMasterGuru)
Jul 12 2015 at 00:46
1607 件の投稿
@Look009

That is correct Alex, but sometimes the warnings come too late, even on FPA... Unfortunately, well-designed broker Ponzi-schemes can go on for years. Nevertheless, screening by FPA (and by a Google 'scam' search) is a 'must' before signing up with any broker, and any red flags should be taken seriously.

The safest is to use only mainstream and reputable brokers registered in highly regulated countries.

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