I want only a safe 4% each month... Which EA?? Thank you

Anmaric_LTD posted:
Here is the answare for the original question:
https://www.myfxbook.com/members/Anmaric_LTD/rhov13/482225

Your system is crap otherwise you wouldn't hide trades ... face reality you trade a small account because you are like the rest of us here

I dont gonna discuss more about that theme , i think my response was clear. Leverage dont determine ur risk, only ur lots, ur SL and ur actual balance determine the % of the risk. Seems like Fx Master Guru talk another language than mine.

optimofx posted:
I dont gonna discuss more about that theme , i think my response was clear. Leverage dont determine ur risk, only ur lots, ur SL and ur actual balance determine the % of the risk. Seems like Fx Master Guru talk another language than mine.

Actually you have stated the truth, OptimoFx. It is absolutely correct that your lots AND balance determine the risk, which is - SURPRISE! - the leverage itself, as leverage is the ratio of the traded lots and the balance behind it.

I was referring to this - leverage related - risk as 'EXTRINSIC risk', BECAUSE each and every trader using the same exact EA with the same exact parameters, but using different leverages would have different % loss and gain (depending on the leverage ratios).

Of course, the mentioned SL (as the 3rd risk factor) is another important component of the general risk, but this SL related risk is inherent to (ie. programmed into) the actual strategy, and that is why I had referred to it as INTRINSIC risk.

At least we are on the same page now.

You both were always on the same page... which is 17 now lol, so get back to 4% per month!
Can we do it or not?
Because most scammers if they are able to do it will hide the strategy and give another, so one will never find out the truth.
So what are we at?

Safe 4% per month is probably possible by a well-built EA or a very-very disciplined trader. Considering that only the best hedge funds can produce stable(!) 30-40% per year, stable 4% per month would actually outperform these hedge funds.

Although currently I am targeting 6-10% per month, with larger capital a stable 4-5% profit per month is what I also strive for (https://www.myfxbook.com/members/FxMasterGuru/morningstar-i/407015).

I'm doing the same but my target is double your's. I do have admirers wanting to use my system and will be going on live with real in the next week or so and after some observations the admirers might crank it up a notch or three.
You'rs is interesting because it seems you are using MM so when the account is growing you are trading with larger lots. Yes?

I think actualy it is doable, but you have to be very very disciplined specially with your money management. I am searching for similar set up and have been intensively studying and experimenting with friends over the last year and a half (doing forward tests and running tons of 5 year long backtests). I say it is not easy but i think we have couple of quite promising scenarios worked out :)

forexpipcatcher posted:
I'm doing the same but my target is double your's. I do have admirers wanting to use my system and will be going on live with real in the next week or so and after some observations the admirers might crank it up a notch or three.
You'rs is interesting because it seems you are using MM so when the account is growing you are trading with larger lots. Yes?

Yes, your observation is absolutely correct. The MM applied helps to reduce the neagtive effect of the losing streaks and enhance the postive effect of the winning streaks. In additon, I am also feeding my account on a regular basis (which is the reason why the absolute gain is less than the calculated Gain%).

arabelus posted:
I think actualy it is doable, but you have to be very very disciplined specially with your money management. I am searching for similar set up and have been intensively studying and experimenting with friends over the last year and a half (doing forward tests and running tons of 5 year long backtests). I say it is not easy but i think we have couple of quite promising scenarios worked out :)

Yes, MM is as important as the strategy itself. My current EA is a result of 4 years's of trial-error (mostly error) and hundreds of hours of screen-time of two traders and a talented programmer. I suggest reading Malcolm Gladwell's bestseller book, the 'Outliers', which explains the 'secret' behind all major achievements. (You will be surprised...)

Have you any clue to what ouliers are?
I teach these kind of things daily! Your problem is random sampling over a population which there does not exit any consistent pattern. Although fools think they detect a pettern only to learn later it's a misconception.
Programmers are not talented otherwise they would be professional traders making money lol. They are talented scammers out to get anyones money, that is what they ecel at, as for Malcoms Bullshitwells I don't read any losers achievements or I will end up like them. However I will read something from someone with a proven track record i.e has a fortune made from trading etc not someone pretending to have known another with a fortune from trading like 99% of scammers say they have.

I wouldn't mind seeing your MT4 statement (just the analysis table). That would if analysed correctly show statistically your chances of survival over an extended period of time and if your MM dampens your chances of success as time approaches infinity.

Hi,

See this https://www.myfxbook.com/members/maxpro_vn/dautruongfx-signal/481367

Contact me if you are interested.

Thanks!

maxpro_vn posted:
Hi,

See this https://www.myfxbook.com/members/maxpro_vn/dautruongfx-signal/481367

Contact me if you are interested.

Thanks!

Your strategy's max. DD is too big in relation to the average monthly profit. For me any DD (even floating DD) larger than 25% is a 'red flag'. Otherwise nice.

forexpipcatcher posted:
Have you any clue to what ouliers are?
I teach these kind of things daily! Your problem is random sampling over a population which there does not exit any consistent pattern. Although fools think they detect a pettern only to learn later it's a misconception.
Programmers are not talented otherwise they would be professional traders making money lol. They are talented scammers out to get anyones money, that is what they ecel at, as for Malcoms Bullshitwells I don't read any losers achievements or I will end up like them. However I will read something from someone with a proven track record i.e has a fortune made from trading etc not someone pretending to have known another with a fortune from trading like 99% of scammers say they have.

I wouldn't mind seeing your MT4 statement (just the analysis table). That would if analysed correctly show statistically your chances of survival over an extended period of time and if your MM dampens your chances of success as time approaches infinity.

To forexpipcatcher:

I disagree with the statement that Gladwell's sampling (in his book 'Outliers') was random, as he had selected the most successful people from all walks of life (definitely not a random sampling), and he tried to find the common feature of success among them. Which he did find.

So even though his study was not representative and scientifically speaking solid (i.e. it was mainly an observational study of the most successful people), his findings are very interesting and thought provoking.

On the other hand, I agree with your statement that we should emulate only those traders who have a proven track record and already made a fortune. On the other hand, MyFxBook is not the likely place to find them. For that purpose one should become a golf-club member in the Hamptons, Miami Beach, Marbella (Spain), St. Tropez (France) or in Monaco.

Should we make a fortune on Forex, probably we would be sipping Dom Perignon or Hennessy Paradis with the other rich guys in one the above golf-clubs and not writing comments in this blog...

Now agree with you but every now and then someone very successful comes along here lol and uses this site for a speacial reason not neccessarily to chat with others. Get your system working as best as you can and write me an email and see where it takes you. As for the rich send me a private message and I'll show you what they will invest in.

I am a certified Technical Analyst and have managed funds over $5m for more than 6 years now with average profits of 27% per annul and account with 10-15% per month.

https://www.myfxbook.com/members/wwwfxnetdotcom/mike-andrews/485149

This is Demo but i mirror trade on Real account too... for security reasons i cannot show the Real account (i know that does not help my cause but that's how it is) anyway, if interested i trade based on following rules:

 - Daily and 1 hour time frames
 - Technical Analysis for entry/exit points
 - System based on 70-80% probabilities
 - max DD 15%
 - Risk/ration minimum 1:1
 - Position builder
- Money management based on simple mathematics that work, in case i make 10 trades and i am wrong 5 times i will still be in profit
- Conservative trading (no more than 1.5% risk per trade, unless account is above 15% profit)

Contact me for more info

Yes, and I am 'certified' Winnie the Pooh... 'I know that does not help my cause' that I cannot prove it, 'but that's how it is'...

You are so-so funny...! You could have set up a 100 USD real account and hide the details of the trade... But why to bother? It is easier to show a DEMO account with 2 WEEKS of history and recruit naive traders with such a promotional text...

It is also funny that your name (wwwfxnetdotcom) leads to the page of a BROKERAGE... You should have had more fantasy (Costas)...

Winniw the Pooh :)))) LOL

https://www.mql5.com/en/signals/4445. Check this system. You can get more than 4% in a month. Only 4% is foolish. Thank you

pipgenerator posted:
https://www.mql5.com/en/signals/4445. Check this system. You can get more than 4% in a month. Only 4% is foolish. Thank you

DEMO DEMO DEMO I love seeing the demo heros... if your crappy system was any good you would have wagered your house on it dingalingggggg... face reality the fact thats in demo means zero confidence and you're looking for suckers to lose their money instead of you!