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Apr 26, 2018 at 22:47
This is an experimental account. DD is high but I'm going for % gain.
https://www.myfxbook.com/members/mrtodd/rocketman/2508264
https://www.myfxbook.com/members/mrtodd/rocketman/2508264
You've gotta be in it to win it.
forex_trader_87727
Aug 12, 2012からメンバー
37 投稿
Apr 27, 2018 at 07:46
My account is Fully verified account, No Martingale, Grid, Scalping
https://www.myfxbook.com/members/MM777/namas-fund/2430496
https://www.myfxbook.com/members/MM777/namas-fund/2430496
forex_trader_202857
Aug 07, 2014からメンバー
129 投稿
Apr 27, 2018 at 07:49
Pulse system , stable and safe,
https://www.myfxbook.com/members/challenger/pulse/2452711
started at ICmarkets
https://www.myfxbook.com/members/challenger/pulse-icmarkets/2499449
https://www.myfxbook.com/members/challenger/pulse/2452711
started at ICmarkets
https://www.myfxbook.com/members/challenger/pulse-icmarkets/2499449
Apr 03, 2018からメンバー
15 投稿
Apr 27, 2018 at 07:49
togr posted:chesterjohn posted:
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?
I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.
If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?
DD is actual loss of your open positions.
Measured in percentage of loss vs. balance.
So if you have 10,000 account and your open trades profit is -5,000 you are facing 50% DD.
Thanks, that's what I understood. So 30% dd seems scary and not normal
Sep 16, 2016からメンバー
28 投稿
Apr 27, 2018 at 07:59
fxinvesta posted:soulmysoul posted:fxinvesta posted:BluePanther posted:fxinvesta posted:
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has "limitations" hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.
Yes, good English is not a prerequisite for good trading. Understood.
I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.
Thank you, move on. Please.
I never published an image, you published images ... Once again I insist, I am a trader not a psychiatrist, I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit, please let's talk about trading, not about personal frustrations ... And calm, I read this thread, because automatically registered, I immediately unsubscribe, and I leave you the forum, I apologize is that sometimes, when I read a stupid, I fall into the temptation to question, I will not do it again , regards
Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.
" I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,"
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?
Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.
Yes, I agree, I always understand everything wrong, but ... it works for me.
Only some points:
1) I trade for money not to sleep in peace
2) The DD is in a single trade or do you have several signals at the same time?
3) The DD is on the money deposited, was the account ever negative?
4) If you lose 5% in 5 operations, your account lost 25% of money, but your DD is 5% and your sleeping happy ...
5) and most importantly, I open an operation with motives, and I only close it if those reasons no longer hold.
But you already know, I understand everything wrong, but once again, it works for me
If it works for you then let it be so. Everyone is here to make money some way or the other. There are people who would like to make 100% in a day risking the whole account and there are people who are happy with 5-10% in a month, i am more the later. Everyone has choices. In the end you should be happy what you do, you are here for yourself and not for anyone. Thats enough of crap from my side, lol.
I wish you all the best with your trading, hope to see you around. Cheers!
May 10, 2014からメンバー
11 投稿
Apr 27, 2018 at 08:01
sjkhaushu posted:BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes "negative" feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been "successful" in other respects? Success is not always measured in "dollars profit" but many other metrics: "dollars lost" for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The "wooden spoon" for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
This system will range between 15 - 30% drawdown. It will also make over 20% profit per year. Another thing to remember is that drawdowns are not realized losses, those trades are still open and recover over time. It wouldn't be accurate to count DD as loss unless you close the trades. The 20%+ profit per year is the sum of closed trades which continually produce while the drawdown unravels.
We are the music makers and we are the dreamers of dreams.
Apr 27, 2018 at 08:02
MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660
Actual DD on this account is 33% so 100% more than Myfxbook shows. With that in mind, I predict a much higher DD in the future. I am guessing over 50% based on the trading style. I also think the avg profit will go down quite a bit once the strategy hits a bad period, it is just a matter of time before it happens.
It is also possible I am wrong but I am 99% sure that I am right. Lets see...
Apr 27, 2018 at 09:30
robertvolta posted:sjkhaushu posted:BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes "negative" feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been "successful" in other respects? Success is not always measured in "dollars profit" but many other metrics: "dollars lost" for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The "wooden spoon" for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
This system will range between 15 - 30% drawdown. It will also make over 20% profit per year. Another thing to remember is that drawdowns are not realized losses, those trades are still open and recover over time. It wouldn't be accurate to count DD as loss unless you close the trades. The 20%+ profit per year is the sum of closed trades which continually produce while the drawdown unravels.
Hi there, i think his trading system good enough but the percentage of profit month/month is too small than DD risk!
PLAN YOUR TRADE AND TRADE YOUR PLAN
Apr 27, 2018 at 09:31
robertvolta posted:sjkhaushu posted:BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes "negative" feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been "successful" in other respects? Success is not always measured in "dollars profit" but many other metrics: "dollars lost" for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The "wooden spoon" for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
This system will range between 15 - 30% drawdown. It will also make over 20% profit per year. Another thing to remember is that drawdowns are not realized losses, those trades are still open and recover over time. It wouldn't be accurate to count DD as loss unless you close the trades. The 20%+ profit per year is the sum of closed trades which continually produce while the drawdown unravels.
What you just wrote is complete nonsense. Equity is all that matters. Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit. I can actually make 1000% in one day while my floating DD will be 90%. What you just said is ridiculous and anyone reading it should dismiss your logic.
The fact is that after one year you havent made any money. If an investor needed to withdraw the funds, he would be down 2% at this moment. I really dont understand how you can claim something different. These are not opinions, its all facts and the numbers back it up.
Jan 25, 2010からメンバー
1288 投稿
Apr 27, 2018 at 10:20
(編集済みのApr 27, 2018 at 10:29)
sjkhaushu posted:
What you just wrote is complete nonsense. Equity is all that matters. Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit. I can actually make 1000% in one day while my floating DD will be 90%. What you just said is ridiculous and anyone reading it should dismiss your logic.
The fact is that after one year you havent made any money. If an investor needed to withdraw the funds, he would be down 2% at this moment. I really dont understand how you can claim something different. These are not opinions, its all facts and the numbers back it up.
The greater trading community would agree with you:
- a floating profit is usually preferred over a floating loss;
- an equity surplus is usually preferred over an equity deficit.
Let's end the debate here. Thank you for pointing out the obvious. 😎
Jan 25, 2010からメンバー
1288 投稿
Apr 27, 2018 at 11:18
(編集済みのApr 27, 2018 at 11:46)
sjkhaushu posted:MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660
Actual DD on this account is 33% so 100% more than Myfxbook shows. With that in mind, I predict a much higher DD in the future. I am guessing over 50% based on the trading style. I also think the avg profit will go down quite a bit once the strategy hits a bad period, it is just a matter of time before it happens.
It is also possible I am wrong but I am 99% sure that I am right. Lets see...
Really? Forgive my ignorance, but please explain your method in determining DD was actually 33% when myfxbook shows only 17%. Please enlighten me. 😱
Apr 27, 2018 at 12:32
BluePanther posted:sjkhaushu posted:
What you just wrote is complete nonsense. Equity is all that matters. Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit. I can actually make 1000% in one day while my floating DD will be 90%. What you just said is ridiculous and anyone reading it should dismiss your logic.
The fact is that after one year you havent made any money. If an investor needed to withdraw the funds, he would be down 2% at this moment. I really dont understand how you can claim something different. These are not opinions, its all facts and the numbers back it up.
The greater trading community would agree with you:
- a floating profit is always preferred over a floating loss;
- an equity surplus over an equity deficit.
Let's end the debate here. Thank you for pointing out the obvious. 😎
What are you talking about??? The guy is saying his account is profitable and I am saying he is down 2% in one year. Apparently he doesnt include equity in his calculation.
There was no debate about whats better. The guy apparently has twisted logic about what a profitable account should look like so his posts should be discarded.
Apr 27, 2018 at 12:32
BluePanther posted:sjkhaushu posted:MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660
Actual DD on this account is 33% so 100% more than Myfxbook shows. With that in mind, I predict a much higher DD in the future. I am guessing over 50% based on the trading style. I also think the avg profit will go down quite a bit once the strategy hits a bad period, it is just a matter of time before it happens.
It is also possible I am wrong but I am 99% sure that I am right. Lets see...
Really? For the benefit of myself and anyone asking the same question, please explain how you determined DD was actually 33% when myfxbook shows only 17%. I am curious to learn more.
Check MQL. The DD calculation there is much more accurate than Myfxbook because they analyze every tick. A trader can disconnect the account from myfxbook when there is a large DD and manipulate it that way. Thats not possible at MQL and it shows max DD over 33%.
Jan 25, 2010からメンバー
1288 投稿
Apr 27, 2018 at 13:00
(編集済みのApr 27, 2018 at 13:18)
sjkhaushu posted:
What are you talking about??? The guy is saying his account is profitable and I am saying he is down 2% in one year. Apparently he doesnt include equity in his calculation.
There was no debate about whats better. The guy apparently has twisted logic about what a profitable account should look like so his posts should be discarded.
"...so his posts should be discarded." Then please do so.
sjkhaushu posted:BluePanther posted:sjkhaushu posted:MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660
Actual DD on this account is 33% so 100% more than Myfxbook shows. With that in mind, I predict a much higher DD in the future. I am guessing over 50% based on the trading style. I also think the avg profit will go down quite a bit once the strategy hits a bad period, it is just a matter of time before it happens.
It is also possible I am wrong but I am 99% sure that I am right. Lets see...
Really? For the benefit of myself and anyone asking the same question, please explain how you determined DD was actually 33% when myfxbook shows only 17%. I am curious to learn more.
Check MQL. The DD calculation there is much more accurate than Myfxbook because they analyze every tick. A trader can disconnect the account from myfxbook when there is a large DD and manipulate it that way. Thats not possible at MQL and it shows max DD over 33%.
Ok, I assume you refer to https://www.mql5.com/en/signals/350685
Not sure if they are the same account though. Match the monthly gains on each one: the mql5 system has higher profits, implying higher risk and hence higher DD. Not to mention mql5 system only started in October 2017.
forex_trader_87727
Aug 12, 2012からメンバー
37 投稿
Apr 27, 2018 at 19:20
sjkhaushu posted:BluePanther posted:sjkhaushu posted:MM777 posted:
My system
https://www.myfxbook.com/members/MM777/hmy/2202660
Actual DD on this account is 33% so 100% more than Myfxbook shows. With that in mind, I predict a much higher DD in the future. I am guessing over 50% based on the trading style. I also think the avg profit will go down quite a bit once the strategy hits a bad period, it is just a matter of time before it happens.
It is also possible I am wrong but I am 99% sure that I am right. Lets see...
Really? For the benefit of myself and anyone asking the same question, please explain how you determined DD was actually 33% when myfxbook shows only 17%. I am curious to learn more.
Check MQL. The DD calculation there is much more accurate than Myfxbook because they analyze every tick. A trader can disconnect the account from myfxbook when there is a large DD and manipulate it that way. Thats not possible at MQL and it shows max DD over 33%.
Ok, I assume you refer to https://www.mql5.com/en/signals/350685
Not sure if they are the same account though. Match the monthly gains on each one: the mql5 system has higher profits, implying higher risk and hence higher DD. Not to mention mql5 system only started in October 2017.
1. HMY is not HMY2
HMY https://www.myfxbook.com/members/MM777/hmy/2202660
HMY2 https://www.myfxbook.com/members/MM777/hmy2/2274624
2. Cents account with history only kept for the last 30 days you can not have the exact DD
3. Put your account on performance pages like myfxbook, mql, simpletrader you will have different DD.
May 10, 2014からメンバー
11 投稿
Apr 29, 2018 at 06:42
sjkhaushu posted:robertvolta posted:sjkhaushu posted:BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes "negative" feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been "successful" in other respects? Success is not always measured in "dollars profit" but many other metrics: "dollars lost" for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The "wooden spoon" for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
This system will range between 15 - 30% drawdown. It will also make over 20% profit per year. Another thing to remember is that drawdowns are not realized losses, those trades are still open and recover over time. It wouldn't be accurate to count DD as loss unless you close the trades. The 20%+ profit per year is the sum of closed trades which continually produce while the drawdown unravels.
What you just wrote is complete nonsense. Equity is all that matters. Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit. I can actually make 1000% in one day while my floating DD will be 90%. What you just said is ridiculous and anyone reading it should dismiss your logic.
The fact is that after one year you havent made any money. If an investor needed to withdraw the funds, he would be down 2% at this moment. I really dont understand how you can claim something different. These are not opinions, its all facts and the numbers back it up.
You seem to be quick to judge without understanding all of the details of the system.
Your statement... 'Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit.'....... is inaccurate as that is not how it works.
Before making bold negative statements, perhaps you should understand all of the details first. It makes your feedback questionable and discredited.
We are the music makers and we are the dreamers of dreams.
Apr 29, 2018 at 13:39
robertvolta posted:sjkhaushu posted:robertvolta posted:sjkhaushu posted:BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes "negative" feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been "successful" in other respects? Success is not always measured in "dollars profit" but many other metrics: "dollars lost" for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The "wooden spoon" for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
This system will range between 15 - 30% drawdown. It will also make over 20% profit per year. Another thing to remember is that drawdowns are not realized losses, those trades are still open and recover over time. It wouldn't be accurate to count DD as loss unless you close the trades. The 20%+ profit per year is the sum of closed trades which continually produce while the drawdown unravels.
What you just wrote is complete nonsense. Equity is all that matters. Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit. I can actually make 1000% in one day while my floating DD will be 90%. What you just said is ridiculous and anyone reading it should dismiss your logic.
The fact is that after one year you havent made any money. If an investor needed to withdraw the funds, he would be down 2% at this moment. I really dont understand how you can claim something different. These are not opinions, its all facts and the numbers back it up.
You seem to be quick to judge without understanding all of the details of the system.
Your statement... 'Your theory is that one can open 2 trades, a buy and a sell on one pair, wait for one of the trades to go 80% in profit, close it and let the other one run until it wipes up the account or make some more profit.'....... is inaccurate as that is not how it works.
Before making bold negative statements, perhaps you should understand all of the details first. It makes your feedback questionable and discredited.
How the system works is obvious. You havent made any money for over a year. Thats all anyone needs to know. Why would anyone be interested in such a system? We all invest to make money and in over a year you are down a few %.
I understand fully how it works, the example I gave was just way more extreme. You think you are the first one with a system like this? I can show you many accounts that use the same strategies with equity constantly being in DD. Its just an overall bad system and your account doesnt even qualify to post here. After all its only for profitable accounts and yours is not one of those. You should come back once you are in profit, right now you are not.
Apr 29, 2018 at 13:41
Aug 27, 2017からメンバー
875 投稿
Apr 30, 2018 at 06:08
Laur2001 posted:
https://www.myfxbook.com/members/Laur2001/laur-fx/2477612
I see, so much impressive result on 2018, so are you using the same system as like 17?
keeping patience.......
