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FMZ_EAs
Mar 01 2018 at 09:10
1 postów
No martingale, no grid, no adding to losers, no praying 😁 FOR REAL

Here you go:

https://www.myfxbook.com/members/FMZ_EAs/ea/2439390

Right information at the right time.
OutsideTheBoxHK
Mar 01 2018 at 09:11
129 postów
JohnSpehl posted:
Great performance!

Are you discretionary or do you trade with a box? What general setups do you work?


I think you were asking me.
I'm a manual trader.
I explain my strategy at Donna Forex at this thread:
https://donnaforex.com/index.php?topic=19712.0

Listed at Darwinex or Trade Copying (MQL5, SignalStart). Please vouch for my system. “Learn from your mistakes and do not give up!”
Adribaasmet
Mar 01 2018 at 09:14
989 postów
vzografos posted:
fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown

https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626


I mean its ok although only limited history.
However what I dont really like is the fact that you started with 100 and 0.01 lots (thats 1:10 leverage which is a bit too much for my taste). Now at least with 300 or so balance you are at 1:3 with 0.01.

Still the pips are pretty decent so far. Of course due to the moderately high leverage it could have gone the opposite way. I cannot judge that due to the limited history as I said. Hope it works for you in the future. Best of luck


I don’t know why most of the attached accounts are very recent! I am looking for a long time successful account (minimum 2 years).

Mike K (mikekhod)
Mar 01 2018 at 09:55
52 postów
Adribaasmet posted:
fxsc1lper posted:
this is my account with 300 % profit and 6 % drawdown

https://www.myfxbook.com/members/fxsc1lper/super-strategy/2437626


Amazing graph! But, have you any old account with the same system? I am asking because this account is too young.


Did you look at the broker and its regulations association? If you know what that means.

That's not an unreal broker. Its actually a reputable broker.

I am one of the 5-10% left in the world. Good people who love money for self and to help others. but NOT a sellout to money.
vzografos
Mar 01 2018 at 13:21
17 postów
togr posted:

Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.


The numbers might be great for medium to long-term profitability but they don't tell you anything about risk. And your original comment was about risk. Looking at all the other numbers of his trading system, it is obvious that it he takes too much risk which shows as high volatility in his account.

We are all one trade away from humility
vzografos
Mar 01 2018 at 13:21
17 postów
I wouldn't look at a single number to judge any account performance, let alone risk just by looking at drawdown vs profit. However, IF you want to do so yourself at least look at the proper numbers. Go to his DrawDown tab in
https://www.myfxbook.com/members/GLIFX/glifx-d-our-email-fxall24gmailcom/1798413 and look.
From July to December 2017 he has had between 37-67% drawdown, which is insane. At the same time he made around 1000 USD loss from a 8.4k balance (12% loss). If you dont think that this is risky I dont know what else.

We are all one trade away from humility
sheshwan
Mar 01 2018 at 13:21
15 postów
togr posted:
vzografos posted:
togr posted:
vzografos posted:
togr posted:
profit to risk ratio is NICE


Hi, can you please indicate why this is so?
Thanks


Well monthly profit and max DD are almost equal which is very good


Ok I suppose that is one interpretation. Without open history its not possible to see how much he is leveraging. Personally I think the DD is on the high side and the fact that he has a negative pips balance followed by average loss (in pips) triple the size of the average win, worst trade (pips) 5x times his best trade (pips), negative expectancy and only around 60% winning trades, I would be a bit sceptical about risk on this account. Sure it is profitable, but I think this trading strategy is very volatile if you look at the rest of the stats. Would have been nice to see how many lots he opens for.


Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.


Thats not exactly true. 10% profit and 10% DD are great numbers in a vacuum but it really depends on the system and how long the track record is. If the system is a martingale, then those numbers are not good regardless of track record length. Martingale will eventually have a larger DD, so the 10% can become 20% or 30% at any point. That will ruin the calmar ratio immediately.

10% profit on 10% DD is only good if a system doesnt use any version of martingale, grid or similar strategy. It is good however if the trading is systematic, consistent, has limited risk and has at least 9 months of trading history. Oh, it can not be a scalping system because those have scalability issues. I would look for an average winning trade of 8 pips+.

vzografos
Mar 01 2018 at 13:21
17 postów
sheshwan posted:


You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results.


well said. My point exactly

We are all one trade away from humility
vontogr (togr)
Mar 01 2018 at 13:22
4862 postów
sheshwan posted:
JohnSpehl posted:
olla posted:
OutsideTheBoxHK posted:
This is what I keep saying and noticing over and over again.
The good traders and their systems get buried on page 10 to 20 because the ranking system only takes note of the last 3 months trading performance, thus placing far too much weight on new accounts.
So this fact is abused by those who would seek to blindly and unrightfully profit from it even when they are not good traders or have a good record.

See my track record, which is now ranked at #367, far too low for what I have achieved over 12 months of hard work.
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437


Yes, OutsideTheBoxHK, you're looking good! To be #367 out of many thousands, is good! Well done!


That's pretty baller.



This is terrible. How do you suppse its good?

You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results. If you invest here, you will be risking 20%+ to make 5% monthly. Is that really good in your opinion???


I do make my assumption based on all history

You made it based on part of it.

Who is bigger fool :)

vontogr (togr)
Mar 01 2018 at 13:22
4862 postów
vzografos posted:
togr posted:
vzografos posted:
togr posted:
profit to risk ratio is NICE


Hi, can you please indicate why this is so?
Thanks


Well monthly profit and max DD are almost equal which is very good


Also have a look at his risk of ruin tab. 1 losing trade (34% chance) of wiping out 10% of his account. 2 losing trades for 20% etc etc. I think he is leveraging a lot. I mean he only made 100 pips or so this month but that corresponds to 4% gain on the account. I wish he would show his trade lots, but I bet they must be pretty high for this kind of volatility


Risk of ruin is nonsense. It simply does not work.

vzografos
Mar 01 2018 at 13:22
17 postów
Apologies for too many posts but let's be pragmatic.
It all depends what you are looking for. If what you are after is a huge growth-at-any-cost strategy that resembles playing in the casino by all means go for it. And surely use two numbers (growth, DD) as a measure.

But, (and I am in this school of thought) a moderate growth account with low DD that you can draw a periodic income (every month, every 6 months every year) then that is simply not possible with a huge DD. My way of thinking is that if you are trading for a living (not managing other acccounts) then you have bills to pay, other expenses and you need to eat. So it is important to be able to have a stable account that generates a steady income. That means low DD, low volatility, steady gains and always enough equity in case you need it.

Just my thoughts.

We are all one trade away from humility
vontogr (togr)
Mar 01 2018 at 13:22
4862 postów
unlimitedgainsfx posted:
https://www.myfxbook.com/members/unlimitedgainsfx/profits/2440906


@unlimitedgainsfx
You had already made ONE trade. OH so much congratulations ;)

vontogr (togr)
Mar 02 2018 at 09:14
4862 postów
vzografos posted:
togr posted:

Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.


The numbers might be great for medium to long-term profitability but they don't tell you anything about risk. And your original comment was about risk. Looking at all the other numbers of his trading system, it is obvious that it he takes too much risk which shows as high volatility in his account.


Do you realize the maximum risk He had ever took since SEP 2016 was below 30%. That is what max DD shows.
With half trade size you would made 13% monthly with max risk of 15%. That is pretty acceptable.

vontogr (togr)
Mar 02 2018 at 09:14
4862 postów
vzografos posted:
Apologies for too many posts but let's be pragmatic.
It all depends what you are looking for. If what you are after is a huge growth-at-any-cost strategy that resembles playing in the casino by all means go for it. And surely use two numbers (growth, DD) as a measure.

But, (and I am in this school of thought) a moderate growth account with low DD that you can draw a periodic income (every month, every 6 months every year) then that is simply not possible with a huge DD. My way of thinking is that if you are trading for a living (not managing other acccounts) then you have bills to pay, other expenses and you need to eat. So it is important to be able to have a stable account that generates a steady income. That means low DD, low volatility, steady gains and always enough equity in case you need it.

Just my thoughts.


Picture better than thousands words - I mean show me the account which fulfills those parameters

vontogr (togr)
Mar 02 2018 at 09:14
4862 postów
vzografos posted:
I wouldn't look at a single number to judge any account performance, let alone risk just by looking at drawdown vs profit. However, IF you want to do so yourself at least look at the proper numbers. Go to his DrawDown tab in
https://www.myfxbook.com/members/GLIFX/glifx-d-our-email-fxall24gmailcom/1798413 and look.
From July to December 2017 he has had between 37-67% drawdown, which is insane. At the same time he made around 1000 USD loss from a 8.4k balance (12% loss). If you dont think that this is risky I dont know what else.


67% DD is huge. The thing is how could he have 29% max DD ever then.
Thus the question is not if the account is good but whether MFB measures the DD properly.

vzografos
Mar 02 2018 at 09:15
17 postów
togr posted:


Who is bigger fool :)


Actually I think you already answered that question.
But ok. You seem to believe that it is a great strategy and no matter what numbers people show you that it is too risk, you are obviously convinced otherwise. Fair enough!.

If you are so certain about the stability of his system why dont you invest a few thousand with him and then you can have great returns too.


We are all one trade away from humility
sheshwan
Mar 02 2018 at 09:21
15 postów
togr posted:
sheshwan posted:
JohnSpehl posted:
olla posted:
OutsideTheBoxHK posted:
This is what I keep saying and noticing over and over again.
The good traders and their systems get buried on page 10 to 20 because the ranking system only takes note of the last 3 months trading performance, thus placing far too much weight on new accounts.
So this fact is abused by those who would seek to blindly and unrightfully profit from it even when they are not good traders or have a good record.

See my track record, which is now ranked at #367, far too low for what I have achieved over 12 months of hard work.
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437


Yes, OutsideTheBoxHK, you're looking good! To be #367 out of many thousands, is good! Well done!


That's pretty baller.



This is terrible. How do you suppse its good?

You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results. If you invest here, you will be risking 20%+ to make 5% monthly. Is that really good in your opinion???


I do make my assumption based on all history

You made it based on part of it.

Who is bigger fool :)


From my post you concluded that I called you a fool? I just corrected you, thats all.

Besides, you made your assumption based on full history which is obviously not representative. How is it possible you are making 50-100% monthly in the first 4 months and then 6% monthly for the next 8-9 months? It cant get more obvious than that. You are very sloppy if you did not notice that.

There are thousands of accounts on myfxbook using the same tactic. They invest small at first, trade with high risk and after a few months if account is still alive, start trading with lower risk. That way the account looks way better than it really is and investors cant expect the same average returns in their wildest dreams.

If you want to call yourself a fool for not recognizing it, go ahead. I think you are just sloppy. But I must say I am surprised since you seem to consider yourself the authority on all Forex trading matters. I expect you to be much sharper in evaluation of trading accounts.

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