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Bio:
I started trading about 4 years ago. I have been profitable since 1/1/2008. I am a mathematician/statistician by education and think things statistically as I trade. I do backtesting for my systems (4-9 years). I am constantly improving my systems/money management. I run 5 systems at the moment and planning to add more - this makes profit curve smooth.
I have raised one Oanda account from the beginning (1/1/2008) from 330 euros to current (14/8/2010) 3600 euros (+990% profit) after daily trading and after couple of thousand trades done. I am not sure, but propably you can see this result on my myfxbook account by going to the beginning date and combining all my 4 accounts - its a bit complex to do though.. :). My expected drawdown setting for this account has been 30% for the last 12 months. I am joined to zipsignals where you can buy my signals: my nick there is jp70. Feel free to contact to know more about it.
Trading Style:
Low risk (normally 20-35 stop loss) big profits (bigger winners are several hundreds up to +1000). I have constantly a big winner running (like at the moment I have long EUR winner running at +658 pips; I started it with -20pips stop loss/risk). I normally let the profits run and trailing the stop loss. I trade breakouts and bounces from critical price levels. I use MT4 to see the price and I use one indicator on it. I trade short term trades (hours) to long term (many weeks). I have 5 different systems atm.
Motto: "Freedom is a paradox; To be free to play beautiful music, you have to submit to the rules of music."
Sorry, one more message. :) I just want to "prove" finally here that its not good to calculate drawdown by equity.
I will show an example to illustrate... tihs time a trader who trades ev...
In Drawdown by balance.
Oct 27 2010 at 11:57
ok, np.
Ye, I have like 50% drawdown for this year here even though its been going excellent this year. According to my calculations I have had about -28% DD max this year.
Its a very important thi...
In Drawdown by balance.
Oct 27 2010 at 10:03
:) , No I did not miss the point. The point was originally, that myfxbook seems to calculate the drawdown using purely/only equity. And then in my example I tried to demonstrate how this kind of calc...
In Average holding time -> looser/winner
Oct 27 2010 at 09:55
But on the other hand, having a losing trade long time is not necessary a bad thing if it goes according to trading plan. Like lets say somebody has a system with stop loss of 100 and aiming for > ...
In Drawdown by balance.
Oct 27 2010 at 06:06
[quote]ECMartin posted:
In this situation, the drawdown wouldn't be -50%. It would be 0%.
[/quote]
Yes, I agree, but the point is that is we used equity as a measure to calculate the drawdow...
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cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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