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EAs do not work for me! Its much better to do manual trades.
Jan 14, 2010 zamanından beri üye
2279 iletiler
Dec 12, 2014 at 11:19
(Dec 12, 2014 at 11:19 düzenlendi)
why? I am not looking for money at the moment. I am building my account to gradually increase size to some respectable levels.
The thing is, I believe I can do it based upon my trading especially risk control.
Also, I am trading futures with futures broker. cannot be connected to myfxbook.
The thing is, I believe I can do it based upon my trading especially risk control.
Also, I am trading futures with futures broker. cannot be connected to myfxbook.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 11:19
Chikot posted:
why? I am not looking for money at the moment. I am building my account to gradually increase size to some respectable levels.
The thing is, I believe I can do it based upon my trading especially risk control.
Why not?;)
Just to prove your words
Jan 14, 2010 zamanından beri üye
2279 iletiler
Dec 12, 2014 at 11:21
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 11:34
Chikot posted:
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
Yeah whatever you say
Jan 14, 2010 zamanından beri üye
2279 iletiler
Dec 12, 2014 at 11:38
Exactly!
togr posted:Chikot posted:
No reason. Most of those who post results here are looking for funding or EA peddling. i am not looking for anything.
Yeah whatever you say
Sep 09, 2014 zamanından beri üye
49 iletiler
Dec 12, 2014 at 12:17
it depends on your strategy - use ea or trade by hands. As for me I always trade by hands (due to avoid risks with big amounts), but if you're sure about your strategy, currency, have a lot of experience, so you may easily make semi-auto mode trading. But I still strongly recommend you to watch the market when you're trading 🙃
There can't be enough money
May 23, 2014 zamanından beri üye
21 iletiler
Dec 12, 2014 at 12:20
FERMONZOR posted:
Christmas is coming & volatility will diminish dramatically, hope we can see some nice trends in the short term my friend!😄
Hope this too)
Nov 03, 2014 zamanından beri üye
38 iletiler
Dec 12, 2014 at 12:23
togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
well I am a manual trader, I use no EA...you can check my track here - http://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
Yes! with the right skill....its possible to make 40% a day in Forex.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 12:32
expert2trade posted:togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
well I am a manual trader, I use no EA...you can check my track here - http://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
May 23, 2014 zamanından beri üye
21 iletiler
Dec 12, 2014 at 13:03
togr posted:expert2trade posted:togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
well I am a manual trader, I use no EA...you can check my track here - http://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!
Nov 03, 2014 zamanından beri üye
38 iletiler
Dec 12, 2014 at 14:07
(Dec 12, 2014 at 14:07 düzenlendi)
Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
Yes! with the right skill....its possible to make 40% a day in Forex.
Nov 03, 2014 zamanından beri üye
38 iletiler
Dec 12, 2014 at 14:10
togr posted:expert2trade posted:togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
well I am a manual trader, I use no EA...you can check my track here - http://www.myfxbook.com/members/expert2trade/awesomeprofits/1072944
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
I really find the drawdown concept of no use...unless one is in loss. How can past drawdown be a benchmark of ability, especially when profits roll in 😄
Yes! with the right skill....its possible to make 40% a day in Forex.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 14:10
expert2trade posted:
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!
Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
That's even worse. You made 75% within few weeks.
The point is that your account will be wiped soon
Nov 03, 2014 zamanından beri üye
38 iletiler
Dec 12, 2014 at 14:11
togr posted:expert2trade posted:
@expert2trade
Expert, you should name it awesome DrawDawn. Your profit is not awesome at all:)
Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!
Yes i agree, but i started trading this account on Nov 10th, 2014 😄 Just some weeks!
That's even worse. You made 75% within few weeks.
The point is that your account will be wiped soon
I'll make sure it does not get wiped 😄 leverage helps in these situations
Yes! with the right skill....its possible to make 40% a day in Forex.
Nov 21, 2011 zamanından beri üye
1601 iletiler
Dec 12, 2014 at 14:23
(Dec 12, 2014 at 14:25 düzenlendi)
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss => Risk/Reward 1/2 minimum.
3) Drawdown < 10% => Make sure your account will never blow out
4) Winning ratio => don't care about it.
5) Live trades as example.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss => Risk/Reward 1/2 minimum.
3) Drawdown < 10% => Make sure your account will never blow out
4) Winning ratio => don't care about it.
5) Live trades as example.
Nov 03, 2014 zamanından beri üye
38 iletiler
Dec 12, 2014 at 14:26
CrazyTrader posted:
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss=> Risk/Reward 1/2 minimum.
3) Drawdown < 10%
4) Winning ratio => don't care about it.
5) Live trades as example.
But why is everyone so concerned about drawdown ? If its happened just once in some time, i feel it does not have any bearing on the future profits.
Yes! with the right skill....its possible to make 40% a day in Forex.
Jun 28, 2011 zamanından beri üye
444 iletiler
Dec 12, 2014 at 14:27
“Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!”
Well, it depends on what the 75% draw was the result of. The higher the percentage of draw, the higher the efficiency of the system so long as it never reached 100%. If the 75% is a worst case scenario not likely to be repeated within our life time and the constant draw is less than 50%, you actually have a pretty safe system. On the other hand, if you have only been trading for less than a year and the draw is normally over to 50%, yes, then you may need help.
The draw is a measure of how hot your system is. If your draw is never over 25% Then you should double the size of the trade to double the profit and have a draw of around 50%. I look at 50% as the half way between profit and risk, however it really depends on the system.
Another indicator of risk is the profit percentage. If a system got over 5% a month, I would be hesitant to put real money into it until I saw and understood how it works. More profit – more risk. Professional traders would give their soul for a constant 5% per month and reasonable risk, except as we all know, professional traders have no souls. Goldman-Sachs is the valley of the damned.
Bob
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!”
Well, it depends on what the 75% draw was the result of. The higher the percentage of draw, the higher the efficiency of the system so long as it never reached 100%. If the 75% is a worst case scenario not likely to be repeated within our life time and the constant draw is less than 50%, you actually have a pretty safe system. On the other hand, if you have only been trading for less than a year and the draw is normally over to 50%, yes, then you may need help.
The draw is a measure of how hot your system is. If your draw is never over 25% Then you should double the size of the trade to double the profit and have a draw of around 50%. I look at 50% as the half way between profit and risk, however it really depends on the system.
Another indicator of risk is the profit percentage. If a system got over 5% a month, I would be hesitant to put real money into it until I saw and understood how it works. More profit – more risk. Professional traders would give their soul for a constant 5% per month and reasonable risk, except as we all know, professional traders have no souls. Goldman-Sachs is the valley of the damned.
Bob
where research touches lives.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 14:29
ForexAssistant posted:
“Agree that 29.09% is not a big profit. And drawdown is 75%?! man, it's not good.
There are many manual traders with a drawdown less then 30% and their profit is more then 30%. You have to work with your trading system!”
Well, it depends on what the 75% draw was the result of. The higher the percentage of draw, the higher the efficiency of the system so long as it never reached 100%. If the 75% is a worst case scenario not likely to be repeated within our life time and the constant draw is less than 50%, you actually have a pretty safe system. On the other hand, if you have only been trading for less than a year and the draw is normally over to 50%, yes, then you may need help.
The draw is a measure of how hot your system is. If your draw is never over 25% Then you should double the size of the trade to double the profit and have a draw of around 50%. I look at 50% as the half way between profit and risk, however it really depends on the system.
Another indicator of risk is the profit percentage. If a system got over 5% a month, I would be hesitant to put real money into it until I saw and understood how it works. More profit – more risk. Professional traders would give their soul for a constant 5% per month and reasonable risk, except as we all know, professional traders have no souls. Goldman-Sachs is the valley of the damned.
Bob
@ForexAssistant
Bob
With all the respect to you I disagree. Any system with 75% DD is dangerous and very close to account end. It does not actually matter why.
Feb 22, 2011 zamanından beri üye
4573 iletiler
Dec 12, 2014 at 14:29
expert2trade posted:CrazyTrader posted:
Hopefully, I will show you what an EA must do to to get a chance to get successfull.
1) Equity always above growth (Orange > Red) => Closing loser trades, & leave wining ones.
2) Average profit > Average Loss=> Risk/Reward 1/2 minimum.
3) Drawdown < 10%
4) Winning ratio => don't care about it.
5) Live trades as example.
But why is everyone so concerned about drawdown ? If its happened just once in some time, i feel it does not have any bearing on the future profits.
As DD is showing the risk you are willing to take. If you took 75% you were very close to killing the account.
Nov 21, 2011 zamanından beri üye
1601 iletiler
Dec 12, 2014 at 14:31
Drawdown... the lowest, the better.... else you're gambling with Forex.
