2nd Showcase Account (Od forex_trader_8139)
Uživatel odstranil tento systém.
2nd Showcase Account diskuse
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 15:13
stevetrade posted:
Hi,
Okay maybe I didn't explain myself correctly.
Looking at the trades it seems to open a new position about every 32 pips. So, if it opens 10 positions that's around 320 pips. What happens if there is a 400 pip movement and the EA has the ten positions open and the price never retraces to it's former position to allow these ten positions to close out. At what point does the EA decide to take the losses of the ten positions?
Best regards Steve
Hi Steve,
Thanks for the clarification.
In fact when there are 10 open positions, total negative pips will be more than 320pips. It is not always 32 pips apart from the previous open positions. Especially after 6th open positions, on the 7th positions the strategy has different entry decision, that make it may open the 7th, 8th to 10th positions more than 32 pips a part.
Considering your given situation above, the EA will wait for the reversal.
However in real situation, 10 open positions will have negative 1300 pips (roughly). At that moment, a small retracement of 60 to 80 pips will give the account in break even.
The strategy will take the losses when equity drop to 65% (-35%), that will be slightly more than negative of 2000 pips without 100 pips of retracement in between.
Thanks.
Regards,
SIM
Členem od May 22, 2012
250 příspěvků
Oct 23, 2013 at 15:17
Trades: 6015
Pips: -11090.0
I think that says all...
Pips: -11090.0
I think that says all...
Caution ¡¡ Forex market is full of scams ¡¡
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 15:18
(Upravené Oct 23, 2013 at 15:19)
optimofx posted:
Guys...there is a thing that i dont see people answer and is the most important thing to trust in a Report of an automatic system: Wich Spread u use in ur optimizactions or backtestings...i have strategies that are not profitable, but if a test with spread zero , suddently is a great Strategy...so be caution, and dont be cheated by that scammers. Grids , Martingales, backtest with irreal spread (zero) , sobreoptimization with huge Stop loss etc...
You are absolutely right, never trust back test result. Unless you are the person who has done the backtest, and that is provided that you know how to do back test.
Thank you for the good advise.
Regards,
SIM
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 15:21
optimofx posted:
Trades: 6015
Pips: -11090.0
I think that says all...
😄 That is scary... and really say it all.
Členem od May 22, 2012
250 příspěvků
Oct 23, 2013 at 15:22
(Upravené Oct 23, 2013 at 15:26)
If im absolutely right, why u are defending ur system...
All ur accounts (except one for the moment) have negative pips so ur system is a looser system, u just do a sobreoptimization of MM ( the best in past to save the money , but thats only an irreal situation solving past in future ), so please stop defending that looser system.
If anyone is not be able to understand this im gonna give an example : i have a system that in my backtest have a max negative trades consecutives of 10 (for example) , them when i have 10 looses consecutives i multiply my 11th trade lots x 10 ( or for the necessary to obtain the maximun profit and dont enter in margin call, and Wow¡¡ i have a winner system ¡¡ False, that blown ur account sooner or later.
All ur accounts (except one for the moment) have negative pips so ur system is a looser system, u just do a sobreoptimization of MM ( the best in past to save the money , but thats only an irreal situation solving past in future ), so please stop defending that looser system.
If anyone is not be able to understand this im gonna give an example : i have a system that in my backtest have a max negative trades consecutives of 10 (for example) , them when i have 10 looses consecutives i multiply my 11th trade lots x 10 ( or for the necessary to obtain the maximun profit and dont enter in margin call, and Wow¡¡ i have a winner system ¡¡ False, that blown ur account sooner or later.
Caution ¡¡ Forex market is full of scams ¡¡
Členem od Oct 28, 2009
1435 příspěvků
Oct 23, 2013 at 15:22
Thanks, that's all I was looking for, so many Martingales are set up to ignore the fact that some day the unexpected could happen.
Best regards Steve
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 15:31
I don't think I am defending my system. I was answering questions of my visitor who is Steve in little more details. Questions without answer does not show respect at all.
I really don't mind whether my systems are looser or winner, the more important to me is they are all my assets, putting money in my pocket month after month.
Thank you for commenting on a looser system, it is a kind of motivation for me. Thanks again 😄.
I really don't mind whether my systems are looser or winner, the more important to me is they are all my assets, putting money in my pocket month after month.
Thank you for commenting on a looser system, it is a kind of motivation for me. Thanks again 😄.
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 15:38
(Upravené Oct 23, 2013 at 15:38)
stevetrade posted:
Thanks, that's all I was looking for, so many Martingales are set up to ignore the fact that some day the unexpected could happen.
Best regards Steve
Thanks Steve, is a good reminder, appreciate it.
Členem od May 22, 2012
250 příspěvků
Oct 23, 2013 at 15:38
(Upravené Oct 23, 2013 at 15:39)
I read that in ur motto:
Trading Style:
I prefer low risk trading strategy therefore my return will decrease accordingly. Conservative trading and Consistent return are my principle.
x_D ( now martingales are low risk strategy) hahaha u are so funny
Trading Style:
I prefer low risk trading strategy therefore my return will decrease accordingly. Conservative trading and Consistent return are my principle.
x_D ( now martingales are low risk strategy) hahaha u are so funny
Caution ¡¡ Forex market is full of scams ¡¡
Členem od May 22, 2012
250 příspěvků
Oct 23, 2013 at 16:56
(Upravené Oct 23, 2013 at 16:57)
Conservative trading and Consistent return are my principle XD
Grouxo Marx said : Those are my principles, and if you don't like them... well, I have others.
U act like a comediant.
Grouxo Marx said : Those are my principles, and if you don't like them... well, I have others.
U act like a comediant.
Caution ¡¡ Forex market is full of scams ¡¡
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Oct 23, 2013 at 17:50
(Upravené Oct 23, 2013 at 17:54)
In my opinion, the particular 'Conservative' in my trading principle means that I do understand the potential risk that associate with my trading strategy and more importantly it also means that I am able to handle this particular risk.
'Conservative' is an adjective, it will have different weightage for different traders base on their tolerated risk. It does not describe the trading strategy is low risk. What it means is this trading strategy is considered conservative if and when compare among Martingale strategies.
You are right again, those sentences are my trading principles that I had entered for many years back. If you think it does not sound right, I may give it an update. Am i a joker? 😁
To all myfxbookers,
Trading in conservative way does not really matter on the trading strategy being used, it is about how are you going to handle your losing trades, and what is your next action items after you had taken the losses. These will define and determine whether you are trading conservatively.
Again I am not a defender, but I am sharing. It does not represent the opinion of myfxbookers, it is just my personal opinion.
Cheers,
SIM
'Conservative' is an adjective, it will have different weightage for different traders base on their tolerated risk. It does not describe the trading strategy is low risk. What it means is this trading strategy is considered conservative if and when compare among Martingale strategies.
You are right again, those sentences are my trading principles that I had entered for many years back. If you think it does not sound right, I may give it an update. Am i a joker? 😁
To all myfxbookers,
Trading in conservative way does not really matter on the trading strategy being used, it is about how are you going to handle your losing trades, and what is your next action items after you had taken the losses. These will define and determine whether you are trading conservatively.
Again I am not a defender, but I am sharing. It does not represent the opinion of myfxbookers, it is just my personal opinion.
Cheers,
SIM
forex_trader_8139
Členem od Mar 04, 2010
423 příspěvků
Nov 06, 2013 at 17:12
Hi Followers,
Thank you for watching this trading account.
It has more than 200 followers now.
Regards,
SIM
Thank you for watching this trading account.
It has more than 200 followers now.
Regards,
SIM
Členem od Oct 07, 2013
8 příspěvků
Apr 10, 2014 at 21:04
Good job
Respect
Respect
Členem od Aug 09, 2014
11 příspěvků
Aug 11, 2014 at 17:52
hello i can star $500 ....?
Členem od Apr 20, 2010
814 příspěvků
Sep 07, 2014 at 12:08
Look similar to PowerFlow EA.
https://www.myfxbook.com/community/trading-systems/powerflow-ea-3rd-acc-wwwforex21com/807392,2
Concept is still using traditional Martingale till not enough money and wait trend come back else MarginCall.
Can you tell me what is the Highlight or different of your strategy ?
Is the first signal go in Formula or other special feature that make you confidence compare to other Martingale EA.
https://www.myfxbook.com/community/trading-systems/powerflow-ea-3rd-acc-wwwforex21com/807392,2
Concept is still using traditional Martingale till not enough money and wait trend come back else MarginCall.
Can you tell me what is the Highlight or different of your strategy ?
Is the first signal go in Formula or other special feature that make you confidence compare to other Martingale EA.
Information is Gold when come to organised.
Členem od Apr 20, 2010
814 příspěvků
Sep 07, 2014 at 12:50
(Upravené Sep 07, 2014 at 13:00)
Just found out the highlight :- Enough money to wait trend come back.
InstaForex lot size seem = $USD. That's a good news, mean you can play $0.01 per pip.
So your Acc 3k is become like 30k as normally broker only give you standard lot where 0.01 Lot = $0.10.
To be safe, you need 5k account, to be very safe 10k to wait trend shoot up and come back.
By the way, how the commission rate calculate? Myfxbook seem treat it as Withdraw and deposit.
Any other Broker got give you micro lot and hedging allow such as InstaForex?
InstaForex lot size seem = $USD. That's a good news, mean you can play $0.01 per pip.
So your Acc 3k is become like 30k as normally broker only give you standard lot where 0.01 Lot = $0.10.
To be safe, you need 5k account, to be very safe 10k to wait trend shoot up and come back.
By the way, how the commission rate calculate? Myfxbook seem treat it as Withdraw and deposit.
Any other Broker got give you micro lot and hedging allow such as InstaForex?
Information is Gold when come to organised.
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