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Artomoro_Trader (ArtomoroTrader)
Nov 20 2016 at 08:05
135 príspevkov
Professional4X posted:
ArtomoroTrader posted:
Professional4X posted:

Your account isn't validated.

Check Update now...

Thank you.
Ur'e welcome 😄
FxMasterGuru (FxMasterGuru)
Nov 20 2016 at 08:39
1608 príspevkov
lazellnet posted:
Very low DD - fully automated trading robot
https://www.myfxbook.com/members/lazellnet/ambaru-ea-tvm/1779516


It looks like a decent scalper with average 19 seconds trade duration. But why hiding trade history...? Possible arbitrage...?

The average loss of -0.78 pips would make me worry as it is only 0.5 pips larger than the average spread on the traded pairs. In other words, the trades are closed after only after HALF PIP counter-move by the market....

Achieving an average 50% win rate with such a small average loss is almost like miracle (unless longer trades are mixed with 0 second arbitrage trades)... If the 0.78 pips average losses were for real, then it would make the strategy very vulnerable to slippages with larger lots or to brokers' ''virtual dealer plug-ins''.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Lazellnet Labs (lazellnet)
Nov 20 2016 at 10:13
29 príspevkov
FxMasterGuru posted:
lazellnet posted:
Very low DD - fully automated trading robot
https://www.myfxbook.com/members/lazellnet/ambaru-ea-tvm/1779516


It looks like a decent scalper with average 19 seconds trade duration. But why hiding trade history...? Possible arbitrage...?

The average loss of -0.78 pips would make me worry as it is only 0.5 pips larger than the average spread on the traded pairs. In other words, the trades are closed after only after HALF PIP counter-move by the market....

Achieving an average 50% win rate with such a small average loss is almost like miracle (unless longer trades are mixed with 0 second arbitrage trades)... If the 0.78 pips average losses were for real, then it would make the strategy very vulnerable to slippages with larger lots or to brokers' ''virtual dealer plug-ins''.

The system is not arbitrage but pure scalping system with tight stoploss, cut the loses and let the profits run.
I have set Trade History to public.

Thanks
leo23
Nov 20 2016 at 11:25
570 príspevkov
We offer only Fund management and MAM with various risk levels with consistent monthly returns and balance protection using the same system.

Our system performance link:
https://www.myfxbook.com/members/leo23/trade-series-1high-risk-titanfx/1831056
Artificial General Intelligence
Lteep1
Nov 20 2016 at 15:32
13 príspevkov
A lot of these accounts only have trade history for only a few months. Has anyone got an profitable account with 2 years of history?
crux
Nov 21 2016 at 05:01
38 príspevkov
Lteep1 posted:
A lot of these accounts only have trade history for only a few months. Has anyone got an profitable account with 2 years of history?

https://www.myfxbook.com/members/crux/bl-1/1096711
leo23
Nov 21 2016 at 07:24
570 príspevkov
@Lteep1

Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.

For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.

Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?

Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...

But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
https://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972

For accounts using high risk are bound to crash repeatedly which will ultimately produce not a nice looking curve and hence, most users remove such accounts.

Our second high risk account is using a 30% equity protection which can be hit at anytime, but simultaneously it can be covered within 1 month if the investor agrees to continue to trade with us. Here is the link:
https://www.myfxbook.com/members/leo23/trade-series-1high-risk-titanfx/1831056

Most importantly there are three main reasons why traders don't have long term trading history:
1. At least once in a year or once in two year due to any technical problem in broker end or in the VPS or may due to fundamental news events any trading system is bound to give some major drawdown which many traders don't want to show it to the public. Hence, they simply remove the account.
2. Those traders targeting for a long term return mostly trade large amounts and switch to FIX API after having a 1 or 2 year trade history instead of trading in mt4. Myfxbook doesn't support FIX API publishing of results.
3. Those traders targeting for a long term return generally don't come to myfxbook to promote, because with 1 or 2 years consistent trade history, then can easily get direct investors from other sources.
Artificial General Intelligence
ricki72
Nov 21 2016 at 07:58
238 príspevkov
4. Most of the traders here having big profits in a short time are crappy traders (even if the pretend to have a long experience and to trade 'only price action, with stop loss, no hedging, no grid/martingale) and they will blow up your account if you ever decide to buy their signal service. This is as sure as the dead and the taxes!
I speak from exprience 😄.
The differenece between who your are and who you would like to be be is what you do
Dove_Services
Nov 21 2016 at 08:33
33 príspevkov
leo23 posted:
@Lteep1

Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.

For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.

Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?

Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...

But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
https://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
leo23
Nov 21 2016 at 09:58
570 príspevkov
ricki72 posted:
4. Most of the traders here having big profits in a short time are crappy traders (even if the pretend to have a long experience and to trade 'only price action, with stop loss, no hedging, no grid/martingale) and they will blow up your account if you ever decide to buy their signal service. This is as sure as the dead and the taxes!
I speak from exprience 😄.
Absolutely correct.

But instead of a signal service if you invest through a MAM in a regulated broker, then no trader can loose more than the amount of the balance which will be signed in the agreement with the broker, because the broker will take entire responsibility to close all open trades forcibly if the balance protection is hit. If the broker will not close and if it is regulated, then you can file a case against the broker.
Artificial General Intelligence
leo23
Nov 21 2016 at 10:01
570 príspevkov
Dove_Services posted:
leo23 posted:
@Lteep1

Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.

For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.

Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?

Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...

But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
https://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
Balance protection is also referred as 'Equity Protection' which is the maximum allowed floating drawdown at a time. That means how much maximum drawdown the system allows below which all the open trades will be forced to close.

For example, in our system we have used a 90% of balance protection targeting approximately 5% per month. So if your account balance is 1000 USD, then at any time if the equity will fall below 900 USD, then all the open trades will be closed forcefully by the broker as well as by our system. That means 90% of the account balance will always be protected at any given time.
Artificial General Intelligence
bitis
Nov 21 2016 at 15:53
16 príspevkov
Here is my system... On many pairs... Just look at it.. The draw down was on brexit... Otherwise it is stable.. Över 6000 trades... Fullt automaticly around the chock... https://www.myfxbook.com/members/bitis/fbst-v2/1688113
bitis
Nov 21 2016 at 15:54
16 príspevkov
It is on 5 min chart.. No changes been made since The Start... There is stop loss take profit... Same input on all pairs... Of course i can change a lot to work better on every pair... But if it's working on all pairs then i think im on the right way... Want to go Live next year..
bitis
Nov 21 2016 at 15:58
16 príspevkov
There is a total stop loss on every pair too... So total draw down on every pair is at 300 dollars... At The moment.. Any questions.. I have a modifikation idea but my programem has a hard Time to fix it...
Dove_Services
Nov 22 2016 at 09:03
33 príspevkov
leo23 posted:
Dove_Services posted:
leo23 posted:
@Lteep1

Since we have a short trading history and hence, we don't want to argue too much on this just to support our trading system. But we would like to give one example for the sake of understanding the situation of long trading history and why long term trading history with consistent performance are generally not available at least in myfxbook and if available, then not too many.

For example, there are two consistent traders having two exactly similar trading systems which produce profits almost everyday 99% of the days. That means 99% of the days are closed in profit irrespective of any market conditions for both the trading systems so that there should not be any question on consistency of results.

Now, let's say the first trader is making 5% a month with 50% balance protection having a 2 year trading history and second trader is making the same 5% a month with 90% balance protection having a 2 months trading history. Now which trader someone should choose to invest?

Some people will argue that since the first trader has a long trading history and hence, more reliable. But they should also consider that if the balance protection will hit just once, then the profit of the entire year will be wiped out and it will take one more year to recover the loss. Hence, such a trader will always consider to remove the old account and start a new account instead of trading one more year to cover the loss. It has been seen in myfxbook recently by one of the so called popular trader...

But the second trader can cover the loss in two months having 90% balance protection. That is what our low risk MAM account is set up for. Here is the link:
https://www.myfxbook.com/members/leo23/trade-series-1-priorfx-mamlow/1859972
What is balance protection? It is a term I am not familiar with. Can you please explain. Thanks.
Balance protection is also referred as 'Equity Protection' which is the maximum allowed floating drawdown at a time. That means how much maximum drawdown the system allows below which all the open trades will be forced to close.

For example, in our system we have used a 90% of balance protection targeting approximately 5% per month. So if your account balance is 1000 USD, then at any time if the equity will fall below 900 USD, then all the open trades will be closed forcefully by the broker as well as by our system. That means 90% of the account balance will always be protected at any given time.

Thanks for clarifying.

The trade performance statistics on your account are commendable albeit it is light on history. In this business, history is everything because time and sample size is needed to filter out randomness and luck in a market that is governed by distribution of probabilities. Your comparative hypothetical examples unfortunately does not explain away the need for history primarily it is premised on an assumption that is dependent on history.

In any case, I wish you trading success that your account will continue to perform as you think it will.
Professional4X
Nov 24 2016 at 16:57
1189 príspevkov
makissideris posted:
simple price action strategy
https://www.myfxbook.com/members/makissideris/ultimate-price-action-2/1872580
try for free

That account is absolutely worthless.

1) It's a demo account.

2) it's less than 30 days old.

3) it's not even fully verified.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Nov 24 2016 at 20:50
1189 príspevkov
VSSOO posted:
Here are our accounts:
https://www.myfxbook.com/members/VSSOO/smart-medium-risk/1871261
https://www.myfxbook.com/members/VSSOO/smart-low-risk/1871276

You deleted both of your system pages.....
If it looks too good to be true, it's probably a scam! Let the buyer beware.
AussieIngenuity (Sukhumvit)
Nov 25 2016 at 09:02
8 príspevkov
bitis posted:
Here is my system... On many pairs... Just look at it.. The draw down was on brexit... Otherwise it is stable.. Över 6000 trades... Fullt automaticly around the chock...

Its a pity it got smashed during Brexit. The market will slap you around like a red headed love child if your strategy isnt able to cope with every sudden twist and turn. Keep at it.
Why trade manually when the computer can do it all by itself unattended and so much better than humans!
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