petays's Posts - Page 2

MLA INVESTMENT™ 2013 in Trading Systems Jun 12, 2013 at 17:31

Hi @fxtrading4living and thank you coming back!Myfxbook had some technical issues but lets hope they are mostly resolved by now.

Project 500 pips a month in Trading Systems Jun 12, 2013 at 12:56

Charts can look deceiving because they include only closed trades.But "Drawdown: 36.56%" seems to be correct.Yesterday was the worst day so far and now it seems to get a bit better.But it will be frustrating to wait for an other 1000 pips to get break even.

Backtesting solutions in Programming Jun 09, 2013 at 21:56

Thank you @danielfppps for the clarifications about F4 platform.I'll definitely have to check it out if I ever have time to do that.The subscription price is not issue for me and I'm looking forward to browse the code and see how easy it would be to integrate my C# trading systems for it.And I believe that there is lot to learn about building robots "your way". I like your scientific and statistical attitude to trading and risk management. Analysis and theory is my weakest parts even though I'm proficient in programming it doesn't help much when I don't "know...

Good Fx EAs in General Jun 09, 2013 at 16:14

http://www.myfxbook.com/members/forexwallstreet/wallstreet-forex-robot-eur33gbp30-real/372006

Managed Accounts in General Jun 08, 2013 at 15:10

If you trading for living there is huge difference between 100 trades a month approach compared to 4 trades a month.Hit rate and RR has to be radically different if you both want to earn as much yearly.Both ways are as viable and it's just a matter of personal trading style which works for any individual.But this is like comparing apples to oranges.Both styles can be good if they are designed and implemented properly.I prefer to trade 100 trades a month (because of my temperament and using robot) even though I believe that 4 trades a month is better in long term and better suitable for man...

Managed Accounts in General Jun 07, 2013 at 12:08

Here's perspective how they trade big money.http://www.barclayhedge.com/research/indices/cta/sub/cta.htmlIts easy to trade little money when you can easily afford to loose all your (or others) 1K or 10K.But when you trade millions or billions then you loose your job (and go jail) if you make mistakes.And investors are not happy is they see open losses like -$1,597,237.13.

Important - Auto Update Issue in General Jun 07, 2013 at 07:12

Summary from FPA:http://www.forexpeacearmy.com/forex-forum/general-forex-talk/25558-metaquotes-vs-number-companies.html

OLD WallStreet EUR33+GBP30 in Trading Systems Jun 06, 2013 at 19:42

"The EUR33 and GBP30 custom settings are the safest settings that we recommend to all our clients."Can I buy the robot and get those same settings in the package/your web site and put my own system running on VPS?

Backtesting solutions in Programming Jun 06, 2013 at 18:48

@beren you should read this thread: http://www.donnaforex.com/forum/index.php?topic=3714.0There is few interesting tidbits and lot of boring stuff about Asirikuy that takes ages to scan through.And believe me, @danielfppps has had hard times to get subscription price balanced and all subscribers happy for what they get.Because most will be disappointed because they are waiting to get hands on holy grail kept by Asirikuy people. Which doesn't exist!I'm most interested in the technology they have developed to see if it is useful to me and maybe even contribute something back.If the techn...

Project 500 pips a month in Trading Systems Jun 06, 2013 at 17:56

Yes, I have had unrealistically high expectations about traders consistency based on their 3-6-9 months history.Sometimes even 12 months doesn't reveal worst case DD which I'm looking for to evaluate my own risks.And my temperament makes my bad decisions, I too easily forget my plans and selection (or exit) criteria.IMO Myfxbook is the best place to find good traders with most transparent trading history.And they have potential to make it even more follower user friendly if they want to - and hopefully do.But lets try to concentrate on 500 pips because we are his guest here. And not ra...

Project 500 pips a month in Trading Systems Jun 06, 2013 at 15:39

I'd say they all blow up sooner or later.Either they couldn't handle their trades or they maxed out their commisssions and then retired.Good to know that @Iroa is still optimistic about 500 pips 😄

Project 500 pips a month in Trading Systems Jun 06, 2013 at 15:27

Definitely now is the worst time to quit!My DD 7.6% is acceptable but 500 pips DD 23.3% is not acceptable for long run for so low returns we have here.IMO this kind of risk has to offer much better profits.And even then I might think that my account size is not enough to trade even using 0.01 lots because I'm following other auto trade systems as well and has to prepare for combined worst case scenario for DD.It is really unfortunate that you can't control your lot sizes with auto trade to manage your risk.And you can't even predict or calculate them until you see your trades being...

Project 500 pips a month in Trading Systems Jun 06, 2013 at 12:26

New worst DD 15% -> 23%My account is still green so I can keep a little longer but it is too bad that I have to find out personally with my own money new worst time DD numbers for most of the signal providers I have ever followed.Those who have started later than me must be desperate right now.Only question now is when to hop out.Current max DD is too much for my portfolio and risk appetite.The data was so good so far, but currently not so good.I you can't trust your signal provider it is better to self trade are no trade at all.

Integrity Forex Signals in Trading Systems Jun 05, 2013 at 18:05

Hi!I thought that auto trade accepts only real accouonts so there must be an error on your system type (demo)?Your system definitely seems worth following (maybe with a little less risk) , I just want to see few more months of your performance to hop on ;)BTW, it would not hurt anybody to put some info about your system to your profile page.

Project 500 pips a month in Trading Systems Jun 05, 2013 at 17:02

Wise words!One thing that attracted me was their effort to build a convincing web presence.These guys have been there a longish time and it seems that they want it that way.And they seemed to be serious and some how professional as they are at least trying to commercialize their trading skills!Building a web site and all is not cheap thing if you just want to try your luck as a professional trader or signal provider.There are too much "signal providers" that just pop out and then die out after they lucky strike fades away.You can not trust your money (for a long time) to some cowboy ...

Project 500 pips a month in Trading Systems Jun 05, 2013 at 12:08

I agree that only transparent and correct reporting on closed and open trades enables us to make educated decision about which system satisfies our evaluation criteria for profits and risk.I have put my faith on Myfxbook to provide accurate data and have relied to the fact that the data actually is accurate.It is too easy to manipulate your account to make it look better performing than it actually is by using "clever" tricks on your balance.Without having access to the actual trading account it is impossible to know, you just have to trust.I have put my trust to Myfxbook that it &qu...

Project 500 pips a month in Trading Systems Jun 05, 2013 at 08:40

My current drawdown is 3.9%, I think that's not very alarming.And I got the same "doubled" equity loss as other followers, I believe.It seems that below warning has not been read by all 500 pips followers because they are complaining when there is IMO nothing to complain. When equity loss gets triple times bigger from here I would get concerned if we are getting new historical worst drawdown.Then we all would have to evaluate 500 pips risk management and maybe jump of if risk is too much."HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not b...

FollowLeaderEA in General Jun 04, 2013 at 19:18

This is really funny: Forex Robot "FollowLeaderEA"Copy Trades from MyFXBOOKForex Robot FolowLeaderEA is designed to copy the trading signals from the website www.myfxbook.com You can use robot not only for copy trades form monitoring, but from contests too.Too bad that from this point on most signal providers (potentially we all) have to hide open orders so they can't be copied.Or Myfxbook has to change its HTML so that it is not parseable by robots.

Project 500 pips a month in Trading Systems Jun 04, 2013 at 16:59

I'm following 500 pips using multiplier value 1.0 and I get 0.01 lots.But the truth IMO is that it is impossiblle to control the risk in Myfxbook because you don't know how it is calculated.It's a pity because here are most good systems to follow but now you can't invest to them because you don't know what happens to your account.

AutoTrade - how to use it in General Jun 03, 2013 at 19:17

Read HELP: http://www.myfxbook.com/autotrade/helpYou can open 50K demo that is managed by Myfxbook, no other way.But now it seems that demo accounts are broken, so maybe you have wait a bit until they have time to fix problems with demos.I guess they more important things to do...!

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Posts by petays