I'm not here to fight, but it seems important for you to take in consideration some criterias you forgot.
How to evaluate a system? It's not because that you don't apply martingale, that martingale trading account couldn't be presented here?... it's called discrimination.
It's like if you would say, average win must be > 10 pips.... (then you would be disqualified) => This is just an exemple.
To make it fair, you can't pick up criterias that suit your strategy.... anyway.
The most important part is a ratio that isn't presented into myfxbook stats.
It's called: Calmar Ratio: A return/risk ratio. The return (numerator) is defined as the compound annualized return over the last 3 years, and the risk (denominator) is defined as the maximum drawdown (in absolute terms) over the last 3 years. (If there is not 3 years of data, the available data is used.)
This ratio must be at least greater than 3 in term of trading performance. Between 1 to 3... it's fine but not sufficient in term of ROI. Below 1, the risk involved is too high compared to the return
In your case: Calmar ratio is (2.88 / 5.77) = 0.49
Hope you have learnt something regarding Risk vs Gains
By the way, 86 winning trades in a row is a nice performance!... even if it's 2 pips tp.
This CrazyTrader is an unsuccessful idiot that can't follow the criteria. Right George BapTEASE lol you idiot the thread owner said NO MARTINGALE FOOL so follow his wishes don't make excuses and pretend you know a lot loser because to DATE cockROACHE (must be a french word for noobs) not one single live account you have is making profits so your opinion is worth shit and don't create your own demo king...by the way how's you live accounts going hero? Are they going from Hero to zero ? Much like your brain...and the only one that comes here to fight is you Frenchonion!
Wait I'm not done yet, only the begining hehehe
This is very offending comment on the other hand... there are some true statements :)
I dont know what the problem with verification is. The IC MArkets account keeps updating but Tickmill is not. I will try to solve the problem. The account that is not updating is up since the last update😎 Yes, the track record is short but I just wanted to share the future progress.
Actutally... Yes! If you had taken the time to read the OPENING POST then you would know better than to ask.
To save some precious time for you I have copied the relevant parts of the OPENING POST here (but feel free to click on ''1'' which you can find on the top right side of this page):
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments) 2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest) 3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate) 4)The account must be older than 3 months, maybe this is even still too young. 5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
That's it. Only these five things. If your account passes that, feel free to let others know. There will be those that are disgruntled they cannot participate and will try to justify their way of trading, please ignore them - if it works for you, then great - maybe start a new thread and invite others trading that style to participate. - As I said, this place is not for arguing, it is for displaying accounts that potential investors might want to follow based on the criteria above. This thread is not intended to badmouth other trader's ways.''
My only concerns would be the GRID nature of some trades (i.e. adding more and more positions as time goes by) and the LOOONG holding time (upto 61 days) as shown by the enclosed screenshot of recent trade history.
@Lteep1 I always look at the ratio between average monthly profit and max DD. For me the ratio has to be at least 1:1 otherwise I dont even look at the account. Accounts with the ratio of 2:1 or higher are rare, but can be found from time to time.
Lteep1 posted: There are some good looking accounts accounts out there but some of the better ones so have some large draw downs which is a significant risk.
Good observation! The ones killed by ''black swans' are already in the Forex cemetery...
Forex is a ''risky business'', especially because of the large leverage retail traders have to use. Trading Forex without large leverage is simply a waste of time for retail traders with relatively smaller funds (<$50k).
Although the best hedge funds of the world can make ''only' 30-40% per YEAR (i.e. 3% per month) they do it with very low, max. 1:5 leverage, so they are somewhat protected from the ''black swans'.
jdsjioj posted: @Lteep1 I always look at the ratio between average monthly profit and max DD. For me the ratio has to be at least 1:1 otherwise I dont even look at the account. Accounts with the ratio of 2:1 or higher are rare, but can be found from time to time.
That is the number I also look at FIRST. It is the modified ''Calmar Ratio''.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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