20-40% performance fee (with high watermark) for Forex traders
Jan 09, 2012 at 16:25
(edited Jan 09, 2012 at 16:26)
System :
EA + Manual.
Use EA with Scalping System (No Martingale).
Target 20-100% / Month
Stop Loss Maksimal 30% from Balance.
Open Trade EA at Asia Session Maksimal 1 With TP dan SL.
Manual Trade full 24 hours
Condition :
Share Profit 25% for trader dan 75% for investor
Minimal invest $5,
Profit can be withdrawal everyday (rollover) without penalty
Minimum Investment Period 30 days , Witdhrawal before 30 days will be penalty 10%
Invest Auto
Click this for invest : https://instaforex.com/pamm_monitoring.php?x=CWXG&trader=1085538
Link Tracking : https://www.myfxbook.com/members/DailyPips/wdp-profit/204603
EA + Manual.
Use EA with Scalping System (No Martingale).
Target 20-100% / Month
Stop Loss Maksimal 30% from Balance.
Open Trade EA at Asia Session Maksimal 1 With TP dan SL.
Manual Trade full 24 hours
Condition :
Share Profit 25% for trader dan 75% for investor
Minimal invest $5,
Profit can be withdrawal everyday (rollover) without penalty
Minimum Investment Period 30 days , Witdhrawal before 30 days will be penalty 10%
Invest Auto
Click this for invest : https://instaforex.com/pamm_monitoring.php?x=CWXG&trader=1085538
Link Tracking : https://www.myfxbook.com/members/DailyPips/wdp-profit/204603
Member Since Apr 25, 2011
262 posts
Jan 15, 2012 at 04:12
tiagojacob18 posted:
NextLevelForex posted:
Thanks Jacob, I added the account to my watchlist!
Do you use Martingale-like management? I see negative realized pips on Dec 29 and Jan 04, while the growth line went up.
hello friend
yes I do use martigle and have enjoyed the results, but always using a protection course
I see your account was deleted. Maybe martingale did not work so well, after all...
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Jan 14, 2010
2299 posts
Jan 15, 2012 at 11:57
Martingale sucks. I only got this idea once when just started trading 3 years ago but quickly dumped it. Downside is limitless.
It is also a sign of unprofessional trading.
It is also a sign of unprofessional trading.
Member Since Jan 14, 2010
2299 posts
Jan 15, 2012 at 12:04
(edited Jan 15, 2012 at 12:05)
As people here knows I went through 3 months of practically non stop losing streak from September 6 to almost mid of December and I still got my account although it was in about 15% DD then. Now, with martingale money management I would have lost everything in the first 1-2 weeks of losing streak. I cannot wrap my head over why people use martingale at all.
As I stated on Steve/ walker's page I believe money management is a key for outstanding results. Scaling in and out, capturing same pips and letting part of position run seems like a logical approach instead of constantly increasing size after losses.
As I stated on Steve/ walker's page I believe money management is a key for outstanding results. Scaling in and out, capturing same pips and letting part of position run seems like a logical approach instead of constantly increasing size after losses.
forex_trader_36599
Member Since May 13, 2011
1341 posts
Jan 15, 2012 at 12:21
with one system trader will get the attached EQU curve or similiar. when market react with the system it will make profit when does not system will loose. the it is the matter of luck if the winners will be greater then loosers. so basicly trader should take care all inputs. but also calculations needed. so my new aim is as I have said at my thread let the EA s do the calculations and trader does the execution. news are more important these months then the market itself. anything can change in minutes.
Member Since Apr 25, 2011
262 posts
Jan 15, 2012 at 18:13
Chikot posted:
I cannot wrap my head over why people use martingale at all.
I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned...
There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'.
Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Nov 15, 2011
4 posts
Jan 16, 2012 at 07:50
Dear Remus,
Yes martingale can be very damaging to an account if not used properly. There are some position which are badly timed which can be saved by this method. Where people go wrong they try to save all position using this which leads to wild draw down.
But to save a mistimed trade I am yet to find a better way
Yes martingale can be very damaging to an account if not used properly. There are some position which are badly timed which can be saved by this method. Where people go wrong they try to save all position using this which leads to wild draw down.
But to save a mistimed trade I am yet to find a better way
A Successful speculator bases no move on what supposedly will happen but reacts instead to what does happen
Member Since Jan 14, 2010
2299 posts
Jan 16, 2012 at 10:19
Yes, I completely agree. it's too dangerous.
Losses might get out of hand especially when trader is in losing streak.
Losses might get out of hand especially when trader is in losing streak.
NextLevelForex posted:
Chikot posted:
I cannot wrap my head over why people use martingale at all.
I'm 100% sure it's the promise of recovering from a loss. Instead of accepting the original trade was wrong, and cut the loss, it's much easier to believe the market will turn around, at least enough the break even. 'Yes, I'm down 100 pips, but look, if I double my position the market has to recover only 34 pips and I'll be break even. After it went down so much, surely has to recover, at least a bit'! That's one aspect of the unprofessional trading you mentioned...
There are uses of martingale that don't wipe the account in one blow, like linearly averaging down with fixed number or positions, or even slightly increasing the lot size while keeping the number of positions even smaller (like 1, 2, 2). I though that was being used in the account in question, since the trader said 'but always using a protection'.
Either way, I agree that using martingale is very damaging to an account. If it does not crash it, at least it's trashing the performance metrics I'm tracking.
Jan 16, 2012 at 13:18
Hi Remus,
If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880
Best,
Gustavo
If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880
Best,
Gustavo
Patience + Discipline - Greed = Success
Member Since Apr 25, 2011
262 posts
Jan 17, 2012 at 03:08
gcardo posted:
Hi Remus,
If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880
Best,
Gustavo
Thanks Gustavo, I looked and liked what I saw, but the account is too young at this moment.
I'll look again in a month or so; if the metrics I track are still as good as today, we'll talk more.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
262 posts
Jan 18, 2012 at 03:27
(edited Jan 18, 2012 at 03:27)
nasco posted:
STABLE & SAFE FOREX TRADING RESULTS!
I also have an account for review by anyone interested in managed forex trading. If you are ready for stable and dependable forex results, take a look at this live account link and review the details carefully. Safe draw down is very low, equity,profit, and balance curves are smooth, and all trades (events) are profitable.
Over 7 years of hard work in the forex market has gone into this proprietary automated trading system, not available to the general public, and not for sale.
There are limited trading account slots available, so if interested please respond no later than 1/15/2012 to reserve your trading position. Minimum opening account balance is $50,000, so serious enquiries only please!
https://www.myfxbook.com/members/nasco/live-account/186575
STABLE = yes, so far...
SAFE = absolutely not!!
First of all I must say that 'limited slots' and 'no later than 1/15/2012' are quite a turn off, for me and many others. I was enjoying the holidays at the time of your post, and even if not on vacation I'm sure I would have not signed up. Common, you only had 1.5 months of history, who do you think you were fooling with this?
Now that I'm back I decided to take a look at your account, maybe you had something genuine in there, and my quick initial opinion was wrong. It took me less than 1 minute to find Martingale at its best... Actually at its worst, I should say! I thought that's what you meant by 'all trades (events) are profitable', but did not know to which extreme you were taking it:
01.13.2012 03:31 01.13.2012 11:10 EURUSD Buy 0.50 - - 1.28630 1.26807 -182.3 -91.15 7h 39m -0.49%
01.13.2012 03:57 01.13.2012 11:10 EURUSD Buy 1.00 - - 1.28558 1.26807 -175.1 -175.10 7h 13m -0.95%
01.13.2012 08:26 01.13.2012 11:10 EURUSD Buy 5.30 - - 1.27851 1.26801 -105.0 -556.50 2h 44m -3.06%
01.13.2012 10:26 01.13.2012 11:10 EURUSD Buy 51.60 - - 1.26644 1.26799 15.5 799.80 44m 4.54%
Now I know that at MB Trading the lot sizes are 10 times smaller than they appear, but even so, starting with 5 microlots and ending the basket with 5.16 lots, in just four steps, is the most desperate approaches I have seen!
It all makes sense now... You need $50,000 for the excessive lot sizes you use, not because you want to triage your investors. I hope you realize what you are doing and stop now, before you destroy your account and maybe others, too.
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Jan 19, 2012 at 00:40
Hey guys, i saw you were talking about martingale... well i've developed in last months a EA using pure math and gambling strategies (one is martingale)... it's pretty safe if you follow the rules but if you step out.. ouch! check my accounts here at myfxbook or check my website at www.forexfarmer.net
Feel free to join my Private Area and you are welcome to test it and help me to improve it...
Give me a touch by email or skype!
Regards to you all,
Pedro Grilo
ForexFarmer EA
Feel free to join my Private Area and you are welcome to test it and help me to improve it...
Give me a touch by email or skype!
Regards to you all,
Pedro Grilo
ForexFarmer EA
Member Since Apr 25, 2011
262 posts
Jan 22, 2012 at 08:22
nasco posted:
Remus -
You might be right, and then there's always the facts, so keep watching the link.
One fact is that you decided to hide the history for that account.
I'm sorry, but increasing the lot size 100 times inside a basket of trades is totally not in line with my risk management approach, so I won't be following your account. If it will last 100 years from now on, good for you and your clients!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
262 posts
Jan 22, 2012 at 08:34
bfe00325 posted:
Hey guys, i saw you were talking about martingale...
[...]
Pedro Grilo
ForexFarmer EA
Hi Pedro,
We were talking about Martingale in the sense that it's almost always bad. Especially if you go too far with it. And looking at your account, I see exactly the same thing: you start with 0.01 lots, and end with 1.28 lots. What happens if the pair did not retrace after you opened those 1.28 lots? You'll open 2.56, right? Then 5.12 and so on, until the margin call will end your suffering.
https://www.myfxbook.com/members/bfe00325/forex-farmer-v20-gallant-fx/194422
01.04.2012 17:48 01.09.2012 06:40 EURUSD Buy 0.01 1.16870 1.27220 1.29470 1.27220 -225.0 -22.49 4d -0.39%
01.05.2012 08:46 01.09.2012 06:40 EURUSD Buy 0.02 1.16870 1.27220 1.29070 1.27220 -185.0 -36.98 3d -0.65%
01.05.2012 08:52 01.09.2012 06:40 EURUSD Buy 0.04 1.16870 1.27220 1.28720 1.27220 -150.0 -59.96 3d -1.06%
01.05.2012 10:06 01.09.2012 06:40 EURUSD Buy 0.08 1.16870 1.27220 1.28370 1.27220 -115.0 -91.92 3d -1.64%
01.05.2012 14:41 01.09.2012 06:40 EURUSD Buy 0.16 1.16870 1.27220 1.27970 1.27220 -75.0 -119.86 3d -2.17%
01.06.2012 13:31 01.09.2012 06:40 EURUSD Buy 0.32 1.16870 1.27220 1.27570 1.27220 -35.0 -111.86 2d -2.07%
01.06.2012 14:43 01.09.2012 06:40 EURUSD Buy 0.64 1.16870 1.27220 1.27220 1.27220 0.0 0.28 2d 0.01%
01.08.2012 23:11 01.09.2012 06:40 EURUSD Buy 1.28 1.16870 1.27220 1.26870 1.27220 35.0 448.00 7h 29m 8.46%
I hope you burn a couple of demo accounts and change your mind about this high risk Martingale. Otherwise you'll learn the lesson the hard way. I'm just trying to give you friendly advice. I assume the mirage of always recovering from a loss is pulling you into this, and I'm using my experience to say that from a risk management perspective such use of Martingale is a disaster waiting to happen.
Take care,
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Jan 22, 2012 at 12:36
Remus,
Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.
With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!
I will not explain my strategy here but if you check the history of my accounts there are not more open positions than 8 at a time in one direction so that could means something.
The other main fact is that my EA is not to work as a FULL AUTOMATED EA, it could be running that way but it wasn't designed for that... it needs human intervention for secure purposes.
Check my history logs with care and maybe you find by yourself why i truly believe on it and i am using it these days and i am keep improving it.
Regards
Pedro Grilo
www.forexfarmer.net
Note: you are free to try it !
Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.
With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!
I will not explain my strategy here but if you check the history of my accounts there are not more open positions than 8 at a time in one direction so that could means something.
The other main fact is that my EA is not to work as a FULL AUTOMATED EA, it could be running that way but it wasn't designed for that... it needs human intervention for secure purposes.
Check my history logs with care and maybe you find by yourself why i truly believe on it and i am using it these days and i am keep improving it.
Regards
Pedro Grilo
www.forexfarmer.net
Note: you are free to try it !
Jan 22, 2012 at 14:50
Wow, you really think I care if you watch the link with such arrogance and haughty attitude? If you are so smart why are you still trading the FOREX markets trying to cover up your incompetence to appreaciate someone else's honest efforts. Your attitude is extremely mean spirited and very much representative of someone who has serious unresolved emotional issues.
Relax, and Get Paid!
