Frero (bei wassel2017)
Der Benutzer hat dieses System gelöscht.
Frero Diskussion
Mitglied seit Jul 20, 2019
373 Posts
Feb 27, 2020 at 19:48
The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉
patience is the key
Feb 27, 2020 at 21:52
How is it even possible that this system is still losing money? Euro had a massive pullback! Have they changed all the Longs for Short? I've heard of many stories of successful signals making deals with brokers to get their money and vanish. I guess this will become one of those.
jaytrad00
forex_trader_688163
Mitglied seit Feb 28, 2019
140 Posts
Feb 27, 2020 at 22:10
RIP Frero.
forex_trader_688163
Mitglied seit Feb 28, 2019
140 Posts
Feb 28, 2020 at 06:41
marco_mmbiz posted:
The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉
Last balance before stop out is 1M, and now 75k the only left.
Mitglied seit Jul 20, 2019
373 Posts
Feb 28, 2020 at 07:18
It looks like all the negative trades are closed now. The account went down to 76k; the equity is now at the same point. So, the account lost nearly 1 million €, but it‘s not crashed. Now, we‘ll see if the trader can handle such a big loss and can make good profits again. Restart at around 76k now. 😲
patience is the key
Feb 28, 2020 at 12:36
Nasrul_Swing posted:His account crashed, what you see as 76k was locked by margin, so he blew all he could except margin. Game over for him, who will invest in a trader with no risk management that can go from 1M to 0... We are talking 1M not 10k...marco_mmbiz posted:
The current equity is around 75k and the current depot is around 309k. That makes a 75% drawdown. No margin-call yet. 😉
Last balance before stop out is 1M, and now 75k the only left.
Mitglied seit Sep 13, 2017
140 Posts
Mar 01, 2020 at 06:54
marco_mmbiz posted:
It looks like all the negative trades are closed now. The account went down to 76k; the equity is now at the same point. So, the account lost nearly 1 million €, but it‘s not crashed. Now, we‘ll see if the trader can handle such a big loss and can make good profits again. Restart at around 76k now. 😲
He can do it, No pressure now. No investors left. Just him against the markets.
Be humble
Mitglied seit Apr 06, 2018
254 Posts
Mar 01, 2020 at 11:19
Nasrul_Swing posted:Why yoy are criticizing him, you also tried to sell your signal based on frero strategy. You are no better trader then @wassel2017.
RIP Frero.
The market will trade through it’s path of least resistance .
Mar 06, 2020 at 06:45
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.
Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.
What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.
Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.
What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.
forex_trader_688163
Mitglied seit Feb 28, 2019
140 Posts
Mar 06, 2020 at 07:26
aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.
Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.
What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.
Some with big amount will not follow drawdown higher than 30%. But most of us will consider up to 50% dd as money limitation.
Before you subscribe to any signals, just make sure that they are using stop loss. Like mine, I don't have stop loss but I'll cut my trades once it reached certain amount.
It is better to recover the losses rather than loss all the hard-earned money.
Regards.
Mar 06, 2020 at 07:29
aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.
Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.
What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.
if you allow your drawdown to get to that level, it is just a matter of time before you lose all your money again. 25% for me is a HARD stop and anything above 10% I would keep an eye on and even consider closing some of the trades to reduce the exposure.
He worked hard for 2 years just to blow the account in 3 weeks. Not to mention the 3-4 times in the past 6 months alone where Frero got really lucky because of news events that allowed him to recover from a massive drawdown. If not that, this account would have gone long ago. When I was a signal follower I reduced the multiplier to 0.5. Glad I didn't join his MAMM, otherwise I'd be among all the people who have lost their money.
jaytrad00
Mitglied seit Jul 20, 2019
373 Posts
Mar 06, 2020 at 11:20
ZidanFCA posted:That's not right. His highest drawdown was 73,79%: https://www.mql5.com/en/signals/560178 He still got money left on his account.
LOL The user has made his system private.
Your drawdown reached 99.99% 😂
Anhänge:
patience is the key
Mitglied seit Jul 20, 2019
373 Posts
Mar 06, 2020 at 11:25
aranciata posted:
Frero is the second signal I have followed that did extremely well for a while and then crashed with >90% DD.
Others have commented here recently that we (followers) must set our own stop-loss limit. Before, I trusted the trader. I thought that since Wassel had recovered from the 55% DD last fall, he could do it again. But it seems that he, like the Maximus trader, could not see when they needed to just close all the trades to preserve capital and start over.
What do the rest of you think is a 'good' drawdown limit. 60%? 70%? Those are the figures I am considering.
It depends on your lot-size, account-leverage and on how much you've invested from your whole depot.
patience is the key
Mar 06, 2020 at 22:42
marco_mmbiz posted:ZidanFCA posted:That's not right. His highest drawdown was 73,79%: https://www.mql5.com/en/signals/560178 He still got money left on his account.
LOL The user has made his system private.
Your drawdown reached 99.99% 😂
When I go to the web page you referenced, it shows loss for Feb. of -92.36% and maximum DD of 93.1% That is close to the percentage I lost in the MAM from the balance I had after he deducted his performance fee earlier in February to the final balance in my account after he stopped trading.
I appreciate all the comments on when to get out of a signal or MAM.
Mar 13, 2020 at 07:42
A strategy that is high risk like this it is really hard for a trader to pin down an exact drawdown percentage sometimes because if the DD is at 50.2% and the markets are at a high probable spot of retracement or large move in favor of current open trades it would stink to lose all that money for just a lousy 2-3% more right? When you come across strategies like this you always watch for any deviation in trading methodology such as spamming trades, trades that just dont make sense or like what I saw here was many trades being stuck open at the top of the basket where there shouldnt be so many trades so close together. A trader that expects large DD in open trade baskets should always space their trades out nicely because they expect the market to move against their positions. This is control.... Now when the market reaches a spot in which there is a high probability of reversal, this is where you start putting some money in. In a high risk scenario like this where a trader is stating 50% DD I would say 56% DD is an acceptable buffer but you can always adjust your risks lower to your likings as well. Joining MAMM accounts for traders you do not know personally is never a good idea especially in high risk strats like this unless there is a risk % cut off that will save your capital.
Protect your capital. Go in with your own plan, set your risk appetite and never change it. Never put your stops exactly at the percentage of the cut off the trader states. Give them just alittle more room and be reasonable that he may go over his stated percentage by 1-2% or so. Sometimes its just best to accept the losses and move on. I got out after the last big DD of just over 50% and stayed to the side. I am sorry for those who lost. Always have a good portfolio and never risk more than 10-15% of your risk funds in a high risk trader.
Protect your capital. Go in with your own plan, set your risk appetite and never change it. Never put your stops exactly at the percentage of the cut off the trader states. Give them just alittle more room and be reasonable that he may go over his stated percentage by 1-2% or so. Sometimes its just best to accept the losses and move on. I got out after the last big DD of just over 50% and stayed to the side. I am sorry for those who lost. Always have a good portfolio and never risk more than 10-15% of your risk funds in a high risk trader.
Mar 13, 2020 at 21:56
@NextGen4FX,
Thanks for your comments. I was thinking that the trader has more expertise than I, and so I should rely on the trader to 'get out' at the right time, but with these two signals (Maximus and Frero), that was not the case, and I lost a lot. With another signal that was 'going south', Lion, I did close a losing trade before the trader did. Unfortunately for me, I took my funds that had been following Lion and moved them into the Frero MAM!
Thanks for your comments. I was thinking that the trader has more expertise than I, and so I should rely on the trader to 'get out' at the right time, but with these two signals (Maximus and Frero), that was not the case, and I lost a lot. With another signal that was 'going south', Lion, I did close a losing trade before the trader did. Unfortunately for me, I took my funds that had been following Lion and moved them into the Frero MAM!
