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

All people take profit so fastly and let their losses so long time....

conclusion of this topic?
anyone?

hi, i am forex account manager. I give consistent profit with low dd.
profit every month sure. I manage accounts only in regulated brokers.
If you want more information, then please contact me on skype.

Skype id hfthedge

victoir86 posted:
my 1 year old live micro account:

https://www.myfxbook.com/members/victoir86/victor-rodrigues-online-forex-analysis/665346

the 75% DD was due to initial testing phase and I also incorporate a moderate martingale strategy.

great returns victor, this looks interesting

stevetrade posted:
It's possible to make more than 50% annual returns consistently in retail trading with hard work, and with compounding the returns soon add up if you can leave some of the returns in the pot. Then you just have to ensure that you keep your profile low with each broker by spreading your profits around.

You generally won't find people on here advertising or releasing the working systems as it makes absolutely zero sense to do so. Here's one for example that meets your twelve month criteria. Whether it's genuine or not I don't know as it's never been opened up to the public.

https://www.myfxbook.com/members/karevfx/scalping-by-karevfx/495884

I think it's hard to make a living solely from forex starting from a small balance but it's more than possible to earn a reasonable living with for example $50k. The key is building up an 'oh shit' savings buffer to ensure you get through the hard times, which any self employed person knows is essential.

I think anyone that starts with the idea that they can have a cool car and a nice house is probably going to be disappointed, at least in the short to medium term. Trading is a long term game and you have to pay your dues.

Diversifying into managing other people's money also helps to earn a living from forex.

That or learn to be an internet marketer, pretend you're a forex trader and sell junk to the continuously refreshed ranks of the new traders which is sadly where a lot of the money is made in the retail forex industry. You just have to accept that deep down you probably aren't going to love yourself with that approach.

Best regards Steve

The returns look great, but it looks like one of those systems ripe for a major drawdown...catching 3-4 pips every time is not a viable long-term strategy.

Master_Kiwa posted:

IndigoCapitals posted:
Steve, you mean you do not have success in trades, i can see you have been here for long from you counts of posts, so my question is this, do you still trade then?

  The thing about bloggers who trade is they can preach, but can't preform. Then when someone is able to out perform them they use statements as Steve did. To sum it all up we are all here to earn funds. Not to have a super low drawdown with almost 0 % profit to claim to be the best.The best are those who can turn profit over and over and over again. Those are the ones who will go down as being the best traders. 5% profit should be a rather obtainable stat to achieve daily. Even per month, but once you start following the lead of so called 'guru's' who care more about 'R:R' AND '% DRAWDOWN' then you get away from the only purpose we are here in the first place trading.

I agree with this statement. A good trader just knows how to turn a profit. I'm definitely tired of hearing people talking solely about high returns and low DDs. High returns COME with high DD's...that's just a trading fact. Investors and traders need to be more concerned with what the trading approach is behind a system. The CTA industry is moving towards non-trend strategies now, since the market is saturated by moving average, MACD, RSI and stochastic people who all trade exactly the same. https://www.thehedgefundjournal.com/node/9029 Check out this CTA...they've been around for 40 years because of their ability to diversify and stay ahead of the curve. The point here is that in order to be in the game for 5+ years and really grow your business, you will need multiple models that cover different market conditions or a solid fundamental trading approach that can adapt to a changing environment.
Best of luck to everybody,
Mark

Master Kiwa, I tend to agree with you on many things. However regarding risk and DD I disagree.
As long as people trade own funds it is their problem but those who are showing stats to attract funds should have risk and DD under control. and I think demanding high returns for small risk is not a smart thing. Hard to come buy. Small risk = adequate returns.
Tend to agree about R:R. It IMHO also includes not only bigger winners than losers but also percentage of win vs lose.
It is not that simple.
The guy we are talking about looks very good.
Demo or live and he is live it is superb results. and looks like his risk is under control too.
Scalper most probably. Hard to master.

Master_Kiwa posted:

IndigoCapitals posted:
Steve, you mean you do not have success in trades, i can see you have been here for long from you counts of posts, so my question is this, do you still trade then?

  The thing about bloggers who trade is they can preach, but can't preform. Then when someone is able to out perform them they use statements as Steve did. To sum it all up we are all here to earn funds. Not to have a super low drawdown with almost 0 % profit to claim to be the best.The best are those who can turn profit over and over and over again. Those are the ones who will go down as being the best traders. 5% profit should be a rather obtainable stat to achieve daily. Even per month, but once you start following the lead of so called 'guru's' who care more about 'R:R' AND '% DRAWDOWN' then you get away from the only purpose we are here in the first place trading.

I suppose DD is relative to your risk tolerance and the amount money traded relative to what you can afford to lose. If for EG, you can afford to lose 5k without it really affecting your life then you could easily trade that 5K into a high risk high DD system. 30% 40% 50% DD no big deal.

Now the flip side is the amount of money that would affect your lifestyle. Eg lets say 100K, You think you could tolerate a 30%, 40% 50% DD?

Many of these systems that have incredible gains with high DD usually have small amounts of money. Can they turn that $250 into 100K? Maybe if they're lucky enough, I suppose, don't know, doubt it.

https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447
Leave your comments, please!
myfxday

Hello there, I have now a new DEMO account for 2014 January running on myfxbook.
Please leave your all comments (negative or positive).
Below is the Main link to my 2014 January DEMO account:
https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447
myfxday

myfxday posted:
Hello there, I have now a new DEMO account for 2014 January running on myfxbook.
Please leave your all comments (negative or positive).
Below is the Main link to my 2014 January DEMO account:
https://www.myfxbook.com/members/myfxday/2014-january-myfxday/806447
myfxday

Can't see the system. Says it's private

I think the system that I use, can do it next 2 years

[url=[/img][/url]

[URL=https://instaforex.com/pamm_monitoring.php?trader=7353077][IMG]https://widgets.instaforex.com/widget.php?user=7353077&type=4[/IMG][/URL]

https://www.myfxbook.com/members/traderpamm/profit-system/800661

Impressive results for 1 and 2 weeks ;)

Donex posted:
I suppose DD is relative to your risk tolerance and the amount money traded relative to what you can afford to lose. If for EG, you can afford to lose 5k without it really affecting your life then you could easily trade that 5K into a high risk high DD system. 30% 40% 50% DD no big deal.

Now the flip side is the amount of money that would affect your lifestyle. Eg lets say 100K, You think you could tolerate a 30%, 40% 50% DD?

Many of these systems that have incredible gains with high DD usually have small amounts of money. Can they turn that $250 into 100K? Maybe if they're lucky enough, I suppose, don't know, doubt it.

DD is a significant psychological component of trading. In case you trade with large enough funds to make a decent living with, then probably you would not tolerate larger than 20% DD. I guess, you would start jittering at 10% already.

So - in my opinion - any strategy is useless for the purpose of making a living which has a >20% DD. These strategies are good only as HOBBY activities and to show off on MyFxBook.

If you want to trade for living you would minimum your risk. Max DD 5% is good enough for long run.

Thanks

ProTradersGroup posted:
If you want to trade for living you would minimum your risk. Max DD 5% is good enough for long run.

Thanks

Yes, I totally agree. Personally I would not risk more than 5% DD if I traded with more than 100k on my account.

I think 5% is extremely conservative, albeit I too don't like DD, but the whole idea of trading FOREX, Futures, options or any other highly leveraged instrument is to have higher than average returns and higher DDs are part of the package. Otherwise why trade these instruments? Better off trading less leveraged instruments, blue chip stocks for eg.

Personally I could accept as high as 20% (as long as the return is worth it) but would find it hard to sleep. 10% to 15% would be a lot more comfortable. 5% DD with exceptional returns, well that would be heaven.

If you have a strategy with a Monthly Profit/Max.DD ratio at least at 1:1 (preferable at 2:1 or better) for at least 8-10 months, then you can scale the strategy to reduce the DD <5%. You may become millionaire a little bit later, but at least you can sleep better.

In other words the DD itself does not matter on any showcase account, as any strategy can be scaled down to fit one's individual risk tolerance. What really matters is the Monthly Profit/Max.DD ratio.