Seem's no one can make Fx work long term...

https://ai-cio.com/channels/story.aspx?id=2147486791

Bit of a reality check for the fx entrepreneur, no...?!

They had a bad system.

Ray Dalio still on the game and his hedge fund Bridgewater is the world largest fund.

Interesting article, thanks for sharing.

After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.

agree with you prof 100%

@Professor53
Couldn't agree with you more Professor.

It took me 3 years of trading to come to that conclusion as well.

That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)

@c3po

Agreed, but I think there size, as well as their size and management style had a big impact as well.
When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.

That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)

Happy trading guys

and i am still working on this math problem.

happy trading.

Professor53 posted:
After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.

let's say 7% month and agree:)

If you can build a EA that has 6% a month growth and less than 20% DD, then you have built a better mouse trap and the world will come knocking at your door! This is a steady and safe long term real money account!

6% consistently monthly return is not easy to accomplish for long term.

Regards,
SIM

6% monthly means that you double every year...millionnaire in 10 years if you starts with 1k! :D

I can do 2% monthly .... but above that is big risk. See my charts.. Last chart is a large demo account trading multiple pairs (10). Its goal is 2 to 3 % a month. Its a new setup on my own home built EA. Lots of Micro trades per day. Averages 200 to 350 a day trading 0.01 lots. TP is 9. Grid plus martingale on a very small micro set file.

pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.

Regards,
SIM

I can do that

https://www.myfxbook.com/members/menghua84/icm/779425

menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425

togr posted:

pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.

Regards,
SIM

I can do that

The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.

A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.

Thalantas posted:

menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425

togr posted:

pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.

Regards,
SIM

I can do that

The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.

A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.

I will have 1 year in JAN 2014 :)
I am not trying to sell anything
But anyway to sell yourself as signal provider you just need couple of months on zulutrade or etoro
Trading $1000 with 0.01 lot is the same as trading $10,000 and 0.1 lot.
As I use robot to trade there are no emotional influences:)

What is wrong with emotions?

@togr

Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.

P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS