why traders hide their records history?

I really wonder what is the purpose to hide your balance, or history?

If you have somthing to hide, it means that there is something wrong with your strategy.

Even if people see your balance or your history, it doesn't mean they are going to steal your strategie.

and if you want to create managed account, who is enough crazy to invest money with a trader who have something to hide.

So what is the purpose to hide history and balance?

I can understand some people hiding their trades and their history as it would be possible to analyse some strategies and then emulate the trading.

However I agree the downside to hiding your strategy far outweighs the benefits.

Nice trading by the way!

I do open my balance and history, hopefully someday there are two or more senior would give me an advise about my trading style, so i can fix something wrong with my trading style, and of course gain some more pips.

Happy trading and green pips

olive,

I have yet to see a sensible argument for opening my trade history......What do you think you can find in my trade history that the performance figures(equity, etc) do not already tell you?

If you have a live account that has been around for long enough, the actual trades are irrelevant.

Frankly, this place is filled with traders falling over each other to try and figure out what the next guy is doing.....and the only people the hidden history irks are the other traders.

Steve, I'm not sellling anything, so there is zero upside to showing the trade history.

I was of course talking about the people trying to sell something.
Private traders can hide anything they like 😀

compuforexpamm posted:
    olive,

I have yet to see a sensible argument for opening my trade history......What do you think you can find in my trade history that the performance figures(equity, etc) do not already tell you?

If you have a live account that has been around for long enough, the actual trades are irrelevant.

Exactly, this is what i meant, why people traders keep hiding somthing in their account, cause it changes nothing.

Are traders scared that somebody steal their method? (i dont know how it would be possible)

I am even suprised that it is an option from myfxbook

even if you sell a PAMM, it will be very difficult to follow signals, as there is a delay with myfxbook and MT4 platform.

And if you are really good in trading, you make your money with your trading, not with others people, so you have nothing to hide.

and hidden history doesn't irks me, i just wonder why you need to do this, but we are all free , so......

have good trades!

Honestly, in my opinion the reason people hide it is for 4 reasons:

A) They don't want their broker knowing who they are or causing problems with their technique as it requires good execution.

B) They are not honest people and trying to get one over for you.

C) They are honest, but they lack the courage to trade their own cash at a stage to make their own $$ for supporting themselves or are climbing their way back up after losing much....

D) They don't care, don't want to share and would rather tell you to f-off then share anything to help you in any way... :) Not the helping or sharing type. Mommy and daddy didn't teach them this....

All i can say here is everybody have their way kinda thinking, i see nothing wrong in showing account history

From an investor's point of view what is the additional 'useful' information that they can derive from being able to see the trade history here on myfxbook? Every piece of critical information needed by an investor is already available without having to see the trade history.

All data here on myfxbook is verified. So what's the purpose of checking the trading history ?? There's nothing left to verify.

In my opinion, the only ones who insist on seeing the trade history are probably the ones who want to try and somehow reverse-engineer the strategy >> aka 'stealing'. Some of us have made a lot of sacrifices and worked really hard to formulate and test our strategies and have paid the price it takes without giving up and therefore certainly do not appreciate anyone trying to rip us off. After all, trading is a business and nobody in their right mind is going to give away the nuts and bolts of whatever business they run to someone else just like that... even a hint of it. Sorry if this sounds a little harsh.. but that's the truth. This is the real world where nobody hands us everything on a silver platter.

It happened to me once and I will not fall for it again. But I doubt very much that this person (registered here on myfxbook) was able to reverse-engineer my strategy since it's not just a straightforward method of trading.

So far the potential investors I've personally met with are quite happy with all the 'relevant' KPI that I make available to them. Besides they have no clue about trading and therefore are not bothered about trading statements, which is why I have no hesitation in showing it to them anyway.

Besides, in my opinion, the only ones who sell so-called 'successful' trading systems or whatever are the ones who are not able to trade profitably. Why else would they want to make a few 100bucks selling systems/signals etc instead of offering to manage accounts for significant profits instead ??

I think our profiles on myfxbook are very useful only to keep our investors updated on the progress of their investments. Not really to find investors. I doubt very much that investor-savvy people with significant funding visit here hoping to find a good trader to manage their funds. I could be mistaken in my assumption but that's what I think.

I think if a poll is conducted to find out if anyone here was able to connect with an investor with significant funding, we will see the actual picture.

My tip to all of you who are ready to manage funds and are looking for investors, is to look at your existing circle of contacts. You'd be surprised at the potential investors with significant funding you'd find. Once you get your foot in the door and if you perform well, rest assured you will not need to look for investors, they will come to you by word of mouth.

Have a great week everyone !

ranesh posted:
  
It happened to me once and I will not fall for it again. But I doubt very much that this person (registered here on myfxbook) was able to reverse-engineer my strategy since it's not just a straightforward method of trading.



My tip to all of you who are ready to manage funds and are looking for investors, is to look at your existing circle of contacts. You'd be surprised at the potential investors with significant funding you'd find. Once you get your foot in the door and if you perform well, rest assured you will not need to look for investors, they will come to you by word of mouth.

I disagree and agree with you. :)

You have a good point. If you are not marketing for investors, then if a specific investor wants more info, great, give it to them!

However, the mindset of 'someone else will steal my hard work' is one of limiting beliefs. The silver platter comment is always an interesting one and I believe it shows something about you personally about scarcity thinking. There is more than enough pie for everyone. Even if your system was the greatest on the earth (which I highly doubt), than 99% wouldn't be able to execute it unless you are a complete and bumbling fool.

I have never seen a system in which the average Joe will just run with it and make millions overnight. I believe trading is more about emotional well being than the actual method being applied. There are thousands of systems on the threads. Do any of them work. Yup, probably 90%. But the people don't have the capability to make it happen.

So what if ONE PERSON here on FXBOOK STEALS your method. Wow.... How dare that person benefit. You could even say, 'He slaved' on 'STEALING' your method, because to look at your trades and actually copy them would require what you call work right?

I wonder how much you have given to others, charity, altruism may seem like a foreign concept to you. Sorry if I am attacking you, but it isn't really you, but your thinking about sharing, giving and enabling.

Your argument is not an argument that is inline with MY values. That is fine, I am not you, you are not me, but I feel sorry for people who do business with people like you because they will always be limited and I am sure if there is ever a disagreement over money, you will win. :)

Please take this as not an attack, but maybe a chance to evaluate your thinking, or just rule it as 'This guy is an f-in idiot and he doesn't matter'... :)

BTW, I am sure you got your method from someone else or others who helped you. I haven't met anyone who was born with FX GENIUS... :)

Oh, and not saying I am right or wrong. Nobody ever is... But, when I think about investors, I think about, 'Hey, this will be fun as they can join me for the ride'.

Gil,

Sorry bud, I have to disagree with you.

Lets put aside abundance mentality and all that good stuff, you are probably correct about the number of people that can actually correctly reverse engineer a system.

I think you already know me as a fairly giving person....I just feel that I should be entitled to keep some things private, and I should be able to do so without the accusations of inability to trade, dishonesty or any number of nefarious things people like to accuse us of. I give when I need to and at the same time, when I say this is as far as you can look, I expect people to respect that.

Guys.............have a good look at all of the systems......can you identify a single one that showing the trades would make any difference to your knowledge of the system as sound or unsound, that you cannot determine from the public information, or by monitoring for a few months? Lets put aside those that hide equity %.....that is different.

compuforexpamm posted:
    Gil,

Sorry bud, I have to disagree with you.

Lets put aside abundance mentality and all that good stuff, you are probably correct about the number of people that can actually correctly reverse engineer a system.

I think you already know me as a fairly giving person....I just feel that I should be entitled to keep some things private, and I should be able to do so without the accusations of inability to trade, dishonesty or any number of nefarious things people like to accuse us of. I give when I need to and at the same time, when I say this is as far as you can look, I expect people to respect that.

Guys.............have a good look at all of the systems......can you identify a single one that showing the trades would make any difference to your knowledge of the system as sound or unsound, that you cannot determine from the public information, or by monitoring for a few months? Lets put aside those that hide equity %.....that is different.

Kenny,

You are definitely giving, no doubt, it shows in your actions.

I agree that keeping trade history may be in your best interest, especially hiding it from your broker as they are definitely working against you. Or, if your system is 100% non-discretionary, then of course, you do not want it copied. Or, if you business is to sell trading strategies through wrapping them up etc...

To each their own... :)

But, MOST PEOPLE don't fit that criteria and struggle with the concept of 'the pie is big enough'. :)

Although, I have yet to see any of the '100% non-discretionary, just turn it on and reap the benefits' type systems. That is great that they probably do exist! :)

From an investors perspective I think you would want more (which you can get once you get more into the investment with the specific person you are interested with at that time), I would never do an investment unless I thoroughly understood how the trader traded etc.. I think all of us would do the same. So, from the sense that really, the only people who would want that detail are would-be, could-be criminals may be true. :)

I think it is a rare case and few people like you Kenny. :) Too few in my opinion.


Gil

Gil,

Thank you for your kind words. I have been following your system and you have a very generous spirit, so I understand where you are coming from.

Now, my only point is that certain people here have almost criminilised keeping trades private and for no good reason other that their own curiosity........and that goes very much against the 'Each to their own' spirit.

Anyway, talking of giving, you should visit the indo forum sometime, we are developing a really nifty semi-automated EA there if you are interested in bollinger bands.😉

Kenny,

Can you send me the link to the forum off-thread? Anything you find worth doing is worth a look. :)

I agree, and my judgement is strictly my own and my own perspective. I understand completely as the more traders that come into a technique can also kill your edge.

I am more or less defending the curiosity of prospective (REAL) investors and people hiding stuff. There are a lot of criminals in every business, and it seems especially high in this one, so I appreciate some policing to save people their $$$... :)

There are too many people on here who do add no value and just want to copy with little effort, so I stand corrected. :)

Thanks,

Gil

Gil,

You have been too quick to judge me. You don't know me from Adam and yet you sound like you know me well enough to pass judgment.

In a nutshell let me explain what happened : this person pretended to be a potential investor although he claimed to be a money manager himself. I was very open and upfront about everything including the terms and conditions, particularly the minimum funding requirement. It was plain to see that my verified performance was demo. I had already covered 6 months by then. He pursues and asks to see the statements and requested some additional details pertaining to my statements which I quite willingly made available. Once he got what he needed he says 'I'll start with 100bucks, afterall you've only got demo performance.' (btw, 100bucks is less than 1% of the minimum I told him was needed) If demo/live was the deciding factor then he shouldn't have wasted my time because he already knew that. Which is why I figured that what he was really after were my detailed statements possibly to try and figure out how I've managed to maintain that kind of accuracy over several months.

Even someone who generously gives to charity will not allow himself to be cheated of even 1 cent. Merely because someone doesn't like to be cheated, deceived or stolen from doesn't make them the kind of person you have made me out to be. And I don't think there's any necessity here for me to tell everyone what my charitable deeds are.

I am here on fxbook for 3 reasons :

1. Trade analysis
2. Possibly to find potential investors
3. Make certain information available to my current investors.

And while I'm here, to contribute ideas/suggestions to enhance myfxbook

Getting back to the topic of this thread :

like Kenny has stated we should be entitled to keep certain info private if we want to (for whatever reason) without being accused of various things. After all, the option to selectively make info private has been built-in to be used if we want to right? And keeping the trade history private doesn't nullify what myfxbook verifies nor does it keep any critical information (with any ulterior motives) from a potential investor. Besides if someone is genuinely interested in our services, then we can at our discretion make additional info available to them.

Again, I agree with Kenny's point of view that being able to see the trade-history is not going to provide anything more than what is already available to see.

I've said what I wanted to say - so that'll be all from me.

Ranesh,

If we check yours accounts on this site, we can see that you have 100% winning trades!!!

You never loose! You are the first trader i know who have a 100% profitable strategy.

Why do you need investor, with such records, you can make millions in a very short time!

When i see such records, and hidden history, balance, i can only doubt about you.

All experienced traders will agree with me, i m sure.

And this argument,''if i see your history, i can steal your strategie'' is very weak. I can show you my history, explain my method, and we can have both absolutely different results. Forex is more than 'buy and sell', you need to have rules, moneymagement, to control yourself.

So, if you to be consider as a respectable manager, so you should have nothing to hide.

I warn novice to invest money with :
1- a manager who have 100% wining trades
2-a manager woh hides this trades

Be carreful!, forex is full of scammers! and this is very SAD!

olive,

Have you been following anything discussed above.......

First off, his motives for wanting investors are irrelevant and your questioning this is simply silly.

Secondly, go have a good look at his system. What in those closed trades do you need to see so badly that you cannot deduce from the available stats????

You can see that the system has 100% win rate. It is also apparent that this is because trades are not closed. Is this because of a huge stoploss, or is there some other strategy at play? Well the trade history isn't gonna tell you this is it?

What you do is go to the relevant system page and say.........

Good day Sir, I am interested in your system but I see that you have had GBPUSD trades open for the last 2.5 weeks. Please can you tell me what is your strategy to deal with this. Do you have an equity cut-off and if so, how much is it? Is it just a big stoploss and if so how much is it?

olive10000 posted:
    Ranesh,

If we check yours accounts on this site, we can see that you have 100% winning trades!!!

You never loose! You are the first trader i know who have a 100% profitable strategy.

Why do you need investor, with such records, you can make millions in a very short time!

When i see such records, and hidden history, balance, i can only doubt about you.

All experienced traders will agree with me, i m sure.

And this argument,''if i see your history, i can steal your strategie'' is very weak. I can show you my history, explain my method, and we can have both absolutely different results. Forex is more than 'buy and sell', you need to have rules, moneymagement, to control yourself.

So, if you to be consider as a respectable manager, so you should have nothing to hide.

I warn novice to invest money with :
1- a manager who have 100% wining trades
2-a manager woh hides this trades

Be carreful!, forex is full of scammers! and this is very SAD!

Actually he doesn't have 100% success. If you remove the custom filter on this account

https://www.myfxbook.com/members/ranesh/rwfxmain-contd--rwfxmain2/15358

You can see a loss.
However 100% success does generally indicate a trader not prepared to accept losses which will lead to problems at some point in the future in my opinion.

compuforexpamm posted:

Good day Sir, I am interested in your system but I see that you have had GBPUSD trades open for the last 2.5 weeks. Please can you tell me what is your strategy to deal with this. Do you have an equity cut-off and if so, how much is it? Is it just a big stoploss and if so how much is it?

At least you can see where is the stop loss (if there is one!), what is the size of the position, and the % of capital risked in this trade. You can see the MONEY MANAGEMENT, which is the base in trading!

Maybe this guy trade without stop , and one day, you can loose all your investement, even with a beautiful graph and 100% winning trade! you just need, one bad trade.

You should be very unexperienced and naive to invest your money with a manager who has something to hide.

People can do what they want, it is just my opinion.

I trade actively forex since 4 years, with good results, so i start to understand how works all this business!