Frero Diskusia

The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉

How is it even possible that this system is still losing money? Euro had a massive pullback! Have they changed all the Longs for Short? I've heard of many stories of successful signals making deals with brokers to get their money and vanish. I guess this will become one of those.

RIP Frero.

marco_mmbiz posted:
The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉

Last balance before stop out is 1M, and now 75k the only left.

It looks like all the negative trades are closed now. The account went down to 76k; the equity is now at the same point. So, the account lost nearly 1 million €, but it‘s not crashed. Now, we‘ll see if the trader can handle such a big loss and can make good profits again. Restart at around 76k now. 😲

Lucky me that I have reduced the account size with this MAM from Feb 06 to put in my MAM.

I couldn't believe he finally ends like this.

Nasrul_Swing posted:

marco_mmbiz posted:
The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉

Last balance before stop out is 1M, and now 75k the only left.

His account crashed, what you see as 76k was locked by margin, so he blew all he could except margin. Game over for him, who will invest in a trader with no risk management that can go from 1M to 0... We are talking 1M not 10k...

marco_mmbiz posted:
It looks like all the negative trades are closed now. The account went down to 76k; the equity is now at the same point. So, the account lost nearly 1 million €, but it‘s not crashed. Now, we‘ll see if the trader can handle such a big loss and can make good profits again. Restart at around 76k now. 😲

He can do it, No pressure now. No investors left. Just him against the markets.

They lost almost all money in several accounts, so way more than 1 million euro. IF this really happened. I'm leaning towards a SCAM where they didn't lose anything and both Frero and Brokers made tons of money.

Nasrul_Swing posted:
RIP Frero.

Why yoy are criticizing him, you also tried to sell your signal based on frero strategy. You are no better trader then @wassel2017.

I am not on Telegram, so I don't know what has been discussed in that group.

I hope that when he is ready, Wassel will post here his analysis of what happened.

Trading is not easy.

He has been doing well for a long time.

Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.

Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.

What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.

aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.

Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.

What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.

Some with big amount will not follow drawdown higher than 30%. But most of us will consider up to 50% dd as money limitation.
Before you subscribe to any signals, just make sure that they are using stop loss. Like mine, I don't have stop loss but I'll cut my trades once it reached certain amount.
It is better to recover the losses rather than loss all the hard-earned money.
Regards.

aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.

Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.

What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.

if you allow your drawdown to get to that level, it is just a matter of time before you lose all your money again. 25% for me is a HARD stop and anything above 10% I would keep an eye on and even consider closing some of the trades to reduce the exposure.

He worked hard for 2 years just to blow the account in 3 weeks. Not to mention the 3-4 times in the past 6 months alone where Frero got really lucky because of news events that allowed him to recover from a massive drawdown. If not that, this account would have gone long ago. When I was a signal follower I reduced the multiplier to 0.5. Glad I didn't join his MAMM, otherwise I'd be among all the people who have lost their money.

ZidanFCA posted:
LOL The user has made his system private.

Your drawdown reached 99.99% 😂

That's not right. His highest drawdown was 73,79%: https://www.mql5.com/en/signals/560178 He still got money left on his account.

aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.

Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.

What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.

It depends on your lot-size, account-leverage and on how much you've invested from your whole depot.

marco_mmbiz posted:

ZidanFCA posted:
LOL The user has made his system private.

Your drawdown reached 99.99% 😂

That's not right. His highest drawdown was 73,79%: https://www.mql5.com/en/signals/560178 He still got money left on his account.

When I go to the web page you referenced, it shows loss for Feb. of -92.36% and maximum DD of 93.1% That is close to the percentage I lost in the MAM from the balance I had after he deducted his performance fee earlier in February to the final balance in my account after he stopped trading.

I appreciate all the comments on when to get out of a signal or MAM.

A strategy that is high risk like this it is really hard for a trader to pin down an exact drawdown percentage sometimes because if the DD is at 50.2% and the markets are at a high probable spot of retracement or large move in favor of current open trades it would stink to lose all that money for just a lousy 2-3% more right? When you come across strategies like this you always watch for any deviation in trading methodology such as spamming trades, trades that just dont make sense or like what I saw here was many trades being stuck open at the top of the basket where there shouldnt be so many trades so close together. A trader that expects large DD in open trade baskets should always space their trades out nicely because they expect the market to move against their positions. This is control.... Now when the market reaches a spot in which there is a high probability of reversal, this is where you start putting some money in. In a high risk scenario like this where a trader is stating 50% DD I would say 56% DD is an acceptable buffer but you can always adjust your risks lower to your likings as well. Joining MAMM accounts for traders you do not know personally is never a good idea especially in high risk strats like this unless there is a risk % cut off that will save your capital.

Protect your capital. Go in with your own plan, set your risk appetite and never change it. Never put your stops exactly at the percentage of the cut off the trader states. Give them just alittle more room and be reasonable that he may go over his stated percentage by 1-2% or so. Sometimes its just best to accept the losses and move on. I got out after the last big DD of just over 50% and stayed to the side. I am sorry for those who lost. Always have a good portfolio and never risk more than 10-15% of your risk funds in a high risk trader.