5% average monthly profit for at least 2 years (with less than 25% max. DD)

barebudben posted:

forexpipcatchar posted:

barebudben posted:
The question posed by this thread is flawed in many ways... if there were someone out there who is achieving 5% per month for 2 plus years... (which I believe there probably is)...

first... why would they bother posting their results/system on this thread or on myfxbook... aside from the need to gloat about their success. If I had such a system, I'm pretty sure I wouldn't be posting 'out there' for the masses.

Second, most people on here are still 'in search' of the ideal system/edge for their own trading, and someone with those types of results obviously isn't 'in search' of this. I suspect they aren't even on, or even close to being on myfxbook forums...

I already mentioned what your are trying to say here but wasting time and energy here implies you have no success.
Also just one thing to add to your non sense your lack of business acumen leads you to make the second conclusion BUT in fact if you are able to achieve these results required by the thread you would be advertising your system and making a fortune. I estimate your worth 5 cents.

To my point... if someone is making 5% per month consistently, with little draw down, for 2 years, they don't need to sell their systems on these sites filled with people like you trolling for get rich quick schemes...

and I'm a retired Oncologist... who plays with currencies markets as a hobby... my two financial advisors handle my ' 5 cents' quite nicely... and afford the disposable income to play in this market... thanks for your brilliant contribution to the thread...

You said it all in this line ... 'my two financial advisors handle my'....

Wow you impress me for relying on stupid people recruited to do their most precious work to which they blame incompetence, I mean lets face it if they were any good they would be millionairs and not working for you but for themselves. So why not get your finance advisors to trade for you too since it seems they are the wise ones in your lacking world and compared to them you have no clue right?

By the way i don't play currencies and I certainly don't play with holes either I won't get my hands dirty ... using my hard earn't cash is no game to me nor is it a joke, like you are to me but my hobby is very expensive much more than you can afford in a lifetime hence IF I was able to supplement it from forex it would be a miracle. So i'm not relying on forex to help at all!

forexpipcatchar posted:

barebudben posted:

forexpipcatchar posted:

barebudben posted:
The question posed by this thread is flawed in many ways... if there were someone out there who is achieving 5% per month for 2 plus years... (which I believe there probably is)...

first... why would they bother posting their results/system on this thread or on myfxbook... aside from the need to gloat about their success. If I had such a system, I'm pretty sure I wouldn't be posting 'out there' for the masses.

Second, most people on here are still 'in search' of the ideal system/edge for their own trading, and someone with those types of results obviously isn't 'in search' of this. I suspect they aren't even on, or even close to being on myfxbook forums...

I already mentioned what your are trying to say here but wasting time and energy here implies you have no success.
Also just one thing to add to your non sense your lack of business acumen leads you to make the second conclusion BUT in fact if you are able to achieve these results required by the thread you would be advertising your system and making a fortune. I estimate your worth 5 cents.

To my point... if someone is making 5% per month consistently, with little draw down, for 2 years, they don't need to sell their systems on these sites filled with people like you trolling for get rich quick schemes...

and I'm a retired Oncologist... who plays with currencies markets as a hobby... my two financial advisors handle my ' 5 cents' quite nicely... and afford the disposable income to play in this market... thanks for your brilliant contribution to the thread...

You said it all in this line ... 'my two financial advisors handle my'....

Wow you impress me for relying on stupid people recruited to do their most precious work to which they blame incompetence, I mean lets face it if they were any good they would be millionairs and not working for you but for themselves. So why not get your finance advisors to trade for you too since it seems they are the wise ones in your lacking world and compared to them you have no clue right?

By the way i don't play currencies and I certainly don't play with holes either I won't get my hands dirty ... using my hard earn't cash is no game to me nor is it a joke, like you are to me but my hobby is very expensive much more than you can afford in a lifetime hence IF I was able to supplement it from forex it would be a miracle. So i'm not relying on forex to help at all!

If any of what you wrote was true... you wouldn't have started this thread looking for success in the forex market in the first place...
and anyone with any 'business acumen' as you mention... will be able to see this... I'm going golfing... with my 2 FA's... who are also already both millionaires as well...

barebudben posted:

forexpipcatchar posted:

barebudben posted:

forexpipcatchar posted:

barebudben posted:
The question posed by this thread is flawed in many ways... if there were someone out there who is achieving 5% per month for 2 plus years... (which I believe there probably is)...

first... why would they bother posting their results/system on this thread or on myfxbook... aside from the need to gloat about their success. If I had such a system, I'm pretty sure I wouldn't be posting 'out there' for the masses.

Second, most people on here are still 'in search' of the ideal system/edge for their own trading, and someone with those types of results obviously isn't 'in search' of this. I suspect they aren't even on, or even close to being on myfxbook forums...

I already mentioned what your are trying to say here but wasting time and energy here implies you have no success.
Also just one thing to add to your non sense your lack of business acumen leads you to make the second conclusion BUT in fact if you are able to achieve these results required by the thread you would be advertising your system and making a fortune. I estimate your worth 5 cents.

To my point... if someone is making 5% per month consistently, with little draw down, for 2 years, they don't need to sell their systems on these sites filled with people like you trolling for get rich quick schemes...

and I'm a retired Oncologist... who plays with currencies markets as a hobby... my two financial advisors handle my ' 5 cents' quite nicely... and afford the disposable income to play in this market... thanks for your brilliant contribution to the thread...

You said it all in this line ... 'my two financial advisors handle my'....

Wow you impress me for relying on stupid people recruited to do their most precious work to which they blame incompetence, I mean lets face it if they were any good they would be millionairs and not working for you but for themselves. So why not get your finance advisors to trade for you too since it seems they are the wise ones in your lacking world and compared to them you have no clue right?

By the way i don't play currencies and I certainly don't play with holes either I won't get my hands dirty ... using my hard earn't cash is no game to me nor is it a joke, like you are to me but my hobby is very expensive much more than you can afford in a lifetime hence IF I was able to supplement it from forex it would be a miracle. So i'm not relying on forex to help at all!

If any of what you wrote was true... you wouldn't have started this thread looking for success in the forex market in the first place...
and anyone with any 'business acumen' as you mention... will be able to see this... I'm going golfing... with my 2 FA's... who are also already both millionaires as well...

I didn't start this thread clown lol I think your brain retired long ago so go golfing with your millionaire friends because lets face it you need them around you to show you how to golf obviously because you can't?
I am certain you cannot, now that's a trade I can make with confidence since you need others to make your decision for you mr business acumen whose here looking for what? How to play forex? lol
Now now old man i shall retire before I become like you an old whinging needy man.

Guys,

this forum is about trading systems.
Not about your personal insults.
MFB should definitely moderate it.

guys ... calm down. If you want to share your thoughts, experience, etc ... do it with arguments, less emotions

This thread wasn't started for arguments nor personal things nor coming here giving advice and pretending. It was placed here to see if specification can be met and all these wanna be pretenders come along and put out their two cents worth without adhering to the needs of the thread. It was started several years ago to see if such a system with the conditions can be met then surely by now someone would have proved it but like I and FGM suspected not a single individual was able to show it is possible.

It's very simple.

5% Monthly Average Return

5% Drawdown

40% Return from just 9 trades

Just 6 months.

It is a Demo System which mirrors my Live Account (Dukascopy) which, unfortunately isnt verified by MFB.


https://www.myfxbook.com/members/DRFXTRADING/duane/1079693


These stats etc. do not conform to the criteria of this thread but if these results can be done in such a short time, chances are there are persons out there who have done the same for a longer time using a similar strategy.


Regards

Duane/DRFXTRADING

Here is something for anyone here to consider since you are sure and very sure there are others producing good results over an extended period....
Go to the mql5 forum there is a signal section where you can filter out signals.
Filter these signals, have any system running for at least 104 or more weeks regardless of profits or DD this will give anyone with brain a clear picture. Now if you were to add the DD filter and min profit filter which you don't need it that makes things worse. i.e UNACHIEVABLE for the min 5% p.m with low DD over a period of time.

So any suggestions why? lol

But search on Meta Trader 4 and there are 3....I have nothing to do with any of them by the way - just putting it out there - can't vouch for any of them, just searched min. 104 weeks. Max DD 25%, 5% and up per month profit. By the number of subscribers seems people want quicker results....:) Although I am not sure how the 5% filter works as 2 of them don't have 5% on average over the period, but they are profitable.

Hmm... have you even studied them? LFHFX has had 17 months under 5% with at least 4 months 0% or not traded. Before making conclusions study your own suggestions so you can see a clear picture, that's not to mention the suspicious activity of the first few pages of trading. Take a good look at it and the others because they are just as bad as each other where they didn't make 5% and having made negative monthly profits. I am certain (100%) you didn't do your homework properly.
All accounts suspicious hence why virtually no subscribers.

forexpipcatchar posted:
Here is something for anyone here to consider since you are sure and very sure there are others producing good results over an extended period....
Go to the mql5 forum there is a signal section where you can filter out signals.
Filter these signals, have any system running for at least 104 or more weeks regardless of profits or DD this will give anyone with brain a clear picture. Now if you were to add the DD filter and min profit filter which you don't, it need that makes things worse. i.e UNACHIEVABLE for the min 5% p.m with low DD over a period of time.

So any suggestions why? lol

It just confirms the practical conclusions of this thread.

Until proven otherwise we can conclude that THERE IS NO (non-grid) STRATEGY ABLE TO FULFILL - even the less than optimal - CONDITIONS MENTIONED IN THE TITLE.

It clearly shows the slim statistical chances of "Average Trader Joe" making a living from Forex profits.

But who makes the profits then...?
1. Brokers and their licencing authorities.
2. Liquidity providers
3. Metatrader and other trading platform provider companies
4. IBs (introducing brokers)
5. VPS providers
6. EA programmers
7. "Holy Grail" EA marketers and signal provider "gurus"
8. Websites (promoting EA marketers, signal providers and brokers)
9. Commercial banks, Skrill, etc. on fund transfer fees
10. Trading book writers and publishers
11. Online trading course and seminar promoter "gurus"

That much about the so-called "Zero Sum Game" of trading... In other words Forex traders support the profits and living of all the above groups from they hard earned paychecks (pension, heritage, business proceeds, etc.).

Conclusion...? A logically thinking person would join one of the above 11 groups to make money by Forex.

There is no question about your precise conclusion FMG. So is it possible to make money with certainty in forex ? YES!
If you are one of the eleven points you outlined. However, you can still make small profits using other peoples money like Togr does which is a smart way to take from the less accomplished.

nice summary FxMasterGuru 😄. guys what do you think is possible, if one deviate slightly from the title - 5 % but with at least 30 % DD?

drago posted:
nice summary FxMasterGuru 😄. guys what do you think is possible, if one deviate slightly from the title - 5 % but with at least 30 % DD?

Here's a mathematical formula to help you understand your system ...
'DD' is inversely proportional to longevity.

So huge DD can only means one thing....

Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks

Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks

Hi,

good strategy so far... Stick to it!
You simply need to increase lotsize... without changing anything.

Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks

Hmmmm it's a good strategy, actually one of the safest on here so far BUT I can see few issues which crazy couldn't see, then again I'm sure he is short sighted lol
1) It's a demo account i.e no emotion involved (it counts for nothing unless you can replicate it LIVE)
2) No SL per trade which implies whole account at risk
3) In almost 6 months of trading your reward was 5% with very low risk

So a forecast of your performance would be in 1 year you would make approx 10% right?
Such a high risk for very little return...now if you were a millionaire with $10mill to invest, would you invest in this strategy to get 10% p.a. OR invest the $10mill in real estate for a guaranteed 8-10% p.a?
To invest and risk money the reward needs to be substantial but not at a ridiculous level like gambling.
You get what I'm driving at right? If you have no clue as to my intention you are never going to make money by investments UNLESS you got lucky!

Do not care about previous post. He is always like that.... I have been living in Australia for 2 years and I can tell this guy is far from the most layback Ozie man.

1)
Trading live or demo... it's trading in REAL life. The one who says trading demo doesn't involved emotions is a liar. After 7 years of trading, I still trade demo where some of my trades are replicated to my live accounts. It doesn't matter, demo or live trade brings me emotions.

Let's say:
You are up 50% in demo account and you say 'This coud be real money'... It may be unconciens, you just describe with words the emotion you feel.

Everything you do in real life, you experiment emotions. Let's say:
You are watching a movie, this is demo life... as it's not real life only a movie. It doesn't matter, it can affect you.

2)
I guess you mange SL by monitoring market.... or it is set to 200 pips.

3)
He couldn't even notice your own question by increasing risk.... I would say by 10 so DD could be below 20% and therefore gains > 50%

So yeah.... keep the great work, and only read comments by experience traders... At least they know what they are talking about.


p.s:
By the way I really wonder why ForexPipCatchar has deleted his account to create a new one?... let me guess? He blew his accounts with SynergyFx..... seen by 'a short sighted person'? LOL

Mthiya posted:
Hi
I am male in late 20's in trying to Discover working strategy that can make me money in the long run. I would like to share my demo trading for the past 4 months.

Here is the link https://www.myfxbook.com/members/Mthiya/fx-master/1182526
Experienced traders here, please tell me what do you think about my trading and how can I adjust risk. So far drawdown is under 2% with 5% return. I know I have to increase risk here, my dream is to at least double capital every year once i start trading live.

Thanks

Good start with ambitious plans.

Not to take your enthusiasm away, but to place your goals in perspective:

1. Trading is 80% psychology, which challenge you wiill experience only when trading on a live accountl. So instead of a demo trading try to trade on a small (even cent), but LIVE account. It would immediately introduce you to the challenges of "trading psychology".

2. If you read this thread from the beginning you will understand the STATISTICAL chances of making a living by Forex trading.