FX Amplified - Nick's Account (ForexSignals.com 讨论

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The signal is no longer being sold. They will be putting together a PAMM account soon.

Drawdown isn't looking good

I guess easy come, easy go. 😲

terrible...

July's a bad month. terrible....

not just july i presume...

We finally picked up a winner today. The recovery begins :)

NickMcDonald posted:
We finally picked up a winner today. The recovery begins :)

I sure hope so Nick . . . there is a long way to go.

A second winner only 20mins ago.

I think we'll be back above watermark high within the next 3-4 weeks.

Another wonderful trade . . .

Aplmustdie posted:
Another wonderful trade . . .

If this trade doesn't win I think I'll stop until new high water mark. Then I can have trust in the trader again.

5-15pip TP with 50+ SL can be 10:1 r/r and that can take a long time to recover if ever.😞

shouldn't the drawdown be about 50% and not 25%?

Your account had almost 100% gain ( $8,000 profit ) and now its near 50% gain. Only shows a 25% loss in the month of July while you missed out on 4k profit banked profit 😳

uk_max posted:
shouldn't the drawdown be about 50% and not 25%?

Your account had almost 100% gain ( $8,000 profit ) and now its near 50% gain. Only shows a 25% loss in the month of July while you missed out on 4k profit banked profit 😳

Drawdown is based on the size of the entire account, not just the profits.

hold&pray
the only worse than that is 'averaging'

3 months are in the bin already (that is only for those happy ppl which are from the beginning of it...)

no stops? even mental....????

mirusevxs33 posted:
no stops? even mental....????

There's a stop, he just keeps moving it, 😉

I don't understand how some people can follow you really....

Guys,
The chart looked pretty, but this drawdown was inevitable. You cant have an average loss 2x your winner. You will ultimately lose money. It means that you need to have 2 winners for very loser just to break even.

You would be better off talking fewer winners and managing your losses. A robust trading system should have the average winner greater than he average loser. If the w/l ratio was in reverse and focused on having each winner 2x each loser, then you would have a sustainable profitable system. 30% drawdown is unsustainable and will happen again using the current methods.

A small change in the w/l % will cause you to lose money under the current system. Everyone looks for the Holy Grail. Well, here it is. Focus on the average winner being greater than the average loser. Thats the Holy Grail. If your average winner was 2x your average loser, you would only need to have 33% winning trades to break even.

Thats the real deal.