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Gauge of current myfxbook accounts (for PAMM)

Biedrs kopš Jan 26, 2010  25 ieraksti mmuller Apr 24 2013 at 11:36
Hi! I was trying to benchmark my account against other that have traded for 1, 2 or 3 years minimum AND using manual trading.

I also put a requirement that the balances must be visible and have to be in range of $10,000+

I got a result that my trackrecord is pretty good. Even without the $10,000 balance requirement it stands out as
best in systems in a group aged 3+ years.

other good systems I found:

those had a bit larger DD though, and IMHO the DD% is most important in very long-term systems.

I now succesfully utilize mechanical rules that make my DD likely to be less than 10% and those rules will halt trading
if in unlikely even DD% goes to 15%. In 2010 I had some problems with my trading psycology, which resulted in bad drawdown,
but still the benchmarking gives quite impressive results.

I would like you all to gauge my account (and others that meet the age/capital criteria), in order to consider viability of PAMM offers. The account is now closed because I had to migrate my Oanda account to Oanda UK, and MYfxbook can't work seamlessly with that switch.



Biedrs kopš Oct 03, 2012  69 ieraksti wlk1 Apr 24 2013 at 12:41
Nicely done Mika. You probably have an account with one of the longest histories here on myfxbook.

The market will go up, failing which, it will go down.

Biedrs kopš Jan 26, 2010  25 ieraksti mmuller Apr 24 2013 at 13:11
Thanks. I find myfxbook really improving trade results also, if you use it right. It can lead to sloppy trading though,
if you think that myfxbook will do you homework for you 100%. It must only be used to avoid menial work of crunching numbers ourselves...and benchmarking :)

Anyway, I have heard that people have actually been able to attract investors via myfxbook track records. I think I would be ready to try that, just not sure if there are any investors really reading these forums (plenty of moneymanagers, EA-salesmen and signalproviders though).

I'm also looking for finance-related job, but I only have this trackrecord as hard evidence for my CV, not a finance degree...I would really like to discuss about to what extend do these trackrecords go. At least a typical mutual fund after expenses is inferior to my performance, but I can't tell that to the employers hiring finance hotshots who have just got their diploma...


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