vedagold posted: Looks very promising. Regulated ASIC broker, TICK, Non cent account TICK, Drawdown under 30% TICK, Non Martingale TICK, Very high Profitable % of trades, high profit factor, high sharpe ratio, works across range of pairs. It's a little new still, but added to watch list. Is this an EA or manual trading? do you have a website or further information on what strategies the account is using. cheers
this is my account successfully into 3rd month low risk and steady profit
Hi Ozzie you forgot to mention MARTINGALE... he has opened trades that are 20% and 40% of the account trade size with no protection perhaps in your eyes that's safe in my book I call it gambling and hoping those large trade sizes go his way, hence why the huge returns.
I don't see any martingale elements in this account, as explained in previous post. But yes I do see he has some trades for between 0,05 and 0,20 lots which looking at them all seem to be lower duration scalping trades (I would assume made when in front of screen, none are left open long). Let's see if he can keep drawdown under 30%. Also not sure what SLs are used, perhaps the vendor can weigh in here?
Also I did custom analysis of all trades and excluded any trades over 0.04 lots, still see a return of 67% monthly for 28% drawdown total return 178%. then I did analysis of all trades 0.02 lots and under, still see a return of 64% monthly for 46% drawdown. So you can't say those small number of trades with the higher lot sizes are where all the returns are coming from. It's the very high % of profitable trades high accuracy that's causing the high returns currently. Whether it can last long term remains to be seen. I look forward to following the progress of this trader.
It's definitely a martingale where he has placed multiple open trades and increased size in hope that the price retraces but it seems you don't know how to tell so let me tell you how one knows click the time of trades are opened and you will see a string of trades on the same currency pairs opened some with different lot sizes. I have traded and know from lots of experience know what is a martingale so he cycles to get the high wins percentage by doing one of two things: 1) If he opens a trade and wins quickly, he closes it 2) If it's not winning he opens another and another and sometimes increases the lot size to try and get the wins needed and sometimes closes the basket with some losers. That's called cycling. LOL seems like I'm educating here BUT let me go on...
That's why his record is very short of only few months, because this method looks perfect in a short term.
If the price goes against his cycles in a deep way he will be in big trouble and this is where his DD come into play where he has achieved the 25% for now where he was not caught out on the wrong end of the news and the market went against his basket for only a DD of 25% total but there exists times where that will be much more. If he was trading for 2 or more years that will be very evident in his results but continue to follow him and my point here is he claims its low risk and only stupid people call that low risk.
Low risk is similar to my Arbing account.
Now keep and eye out for that account for months to see what a low risk account is and that will educate everyone out there what is low risk, not some ridiculous number of 25% DD or more, and any decent fund manager considers anything above 10% as high risk for his rich clients.
Some people have low tolerance (rich investors people) and some have high tolerance (the poorgasmbling people). The rich want safety since they already have money and are rich so they don't need to take high risks and the poor are needy and will gamble to try and get as much money as they can so they will accept a much higher risk some to almost to 100%.