Autotrade anomalies

One of the criteria for an Autotrade system is

- Drawdown of no more than 50%.

Was just browsing some of the Autotrade providers and many of them use a custom start date. Their stats look great until you Analyze the system from the date of inception and it's a different story. Some of them have drawdowns of over 90%.

What am I missing? Are you suppose to pretend it never happened? 😕

Eg Axitrader System or Matthew Mcculloch to mention a couple.

 

Donex posted:
One of the criteria for an Autotrade system is

- Drawdown of no more than 50%.

Was just browsing some of the Autotrade providers and many of them use a custom start date. Their stats look great until you Analyze the system from the date of inception and it's a different story. Some of them have drawdowns of over 90%.

What am I missing? Are you suppose to pretend it never happened? 😕

Eg Axitrader System or Matthew Mcculloch to mention a couple.

 

autotrade allow system to be provider with 3 month back history and i can understand that because what is the difference between old system with bad trading long time ago or open new account and start from zero and trade 3 month ? i prefer systems that learned from there mistakes and normalized there trading by there experience.

mydarkforex posted:
autotrade allow system to be provider with 3 month back history and i can understand that because what is the difference between old system with bad trading long time ago or open new account and start from zero and trade 3 month ? i prefer systems that learned from there mistakes and normalized there trading by there experience.

Right, got it, so it's better to invest in a system with short term history, (even a roulette system will look pretty good short term) rather than a system that performs longer term. Hmm yea, makes alot of sense NOT!!

Donex posted:

mydarkforex posted:
autotrade allow system to be provider with 3 month back history and i can understand that because what is the difference between old system with bad trading long time ago or open new account and start from zero and trade 3 month ? i prefer systems that learned from there mistakes and normalized there trading by there experience.

Right, got it, so it's better to invest in a system with short term history, (even a roulette system will look pretty good short term) rather than a system that performs longer term. Hmm yea, makes alot of sense NOT!!

you miss my point , i mean that's someone could lose the account and open new one and there is no more than 3 month history , i told you that i prefer to know that the system has long history - 'system learned from there mistakes and normalized there trading by there experience'

If you don`t like what their history looks like then don`t use that trader. Let them prove themselves over 9 more months and then they will have a year. i look at the draw down for the past 12 months before I look at their priofits

first rules to trading profit profits, second rule make a profit , so most important thing to look at is max draw-down :)

As I stated in the first post, one of the criteria myfxbook stipulates

- Drawdown of no more than 50%.

Now that's not my rule that's myfxbook's rule. Some of these systems have a drawdown of over 90%, so once again
what am I missing?

Which traders have a 90% draw down? I don't see any


There are plenty of traders who have draw downs less than 10%
I am up over 8% in one week live trading on here Autotrader so if you don't want to use this website then don't but I am profitable.

As I said in other posts, do a demo here for 4 weeks, use up your 5 demo account to try different traders at different multipliers. Make sure you know how the lot size is calculated in relation to your leverage and your account size. This makes a huge difference if you understand it

Chubbly posted:
Which traders have a 90% draw down? I don't see any

You don't see any because some of them use a custom start date. Simply change the custom start date and you will see what I'm talking about.

If it's working for you then great, all the best to ya.

Donex posted:
One of the criteria for an Autotrade system is

- Drawdown of no more than 50%.


Eg Axitrader System or Matthew Mcculloch to mention a couple.

 

I don't use either of these 2 traders. After doing a 4 week demo I could see their trading was not sustainable. All the traders I picked have at least 1 year demonstrated trades. The longer the better.