looking for 80 pips gain / 100 pips floating loss traders/systems
Aug 04, 2011 at 21:09
Vues 1,000
4 Replies
Membre depuis Apr 25, 2011
posts 262
Aug 04, 2011 at 21:09
Hi everyone,
I you have a system that can produce 80 pips gain without going into a drawdown deeper than 100 pips, and are interested in trading others capital, please post more details about your results here. A verified real money account on myfxbook would be good. In addition, I would really appreciate if you can compile some stats and post them here. Specifically I'm interested in:
1a) how long have you been trading for, including all other methods/systems
1b) how long have you been trading the system that meets the said criteria
2) how many trades / month does your system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5) how long do you expect it will take to hit the 80 pips target
To be clear about the requirement of '80 pips gain without going into a drawdown deeper than 100 pips', if you take an account where the maximum position size you would open would be 1 lot (based on balance and leverage), then in such account your system needs to produce a gain of 80 pips while trading the whole lot. If you decide to split your trades between two systems, each trading 0.5 lots, then the total number of pips required would be 160, and the maximum allowed drawdown would become 200 pips.
Thank you for your interest!
Remus
I you have a system that can produce 80 pips gain without going into a drawdown deeper than 100 pips, and are interested in trading others capital, please post more details about your results here. A verified real money account on myfxbook would be good. In addition, I would really appreciate if you can compile some stats and post them here. Specifically I'm interested in:
1a) how long have you been trading for, including all other methods/systems
1b) how long have you been trading the system that meets the said criteria
2) how many trades / month does your system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5) how long do you expect it will take to hit the 80 pips target
To be clear about the requirement of '80 pips gain without going into a drawdown deeper than 100 pips', if you take an account where the maximum position size you would open would be 1 lot (based on balance and leverage), then in such account your system needs to produce a gain of 80 pips while trading the whole lot. If you decide to split your trades between two systems, each trading 0.5 lots, then the total number of pips required would be 160, and the maximum allowed drawdown would become 200 pips.
Thank you for your interest!
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Membre depuis Jan 14, 2010
posts 2299
Aug 04, 2011 at 21:54
(édité Aug 04, 2011 at 21:59)
Hi Remus.
My trading is not mechanical. I am a discretionary trader.
Have been learning this business since October 2008.
I started trading oil and trade oilo exclusively since February 2011. Traded demo till the mid of July to develop trading and now moved to trade live account.
I am day trader and as you can see from myfxbook my average time in trade is around 13 minutes.
You can follow my trading as long as necessary as I am in process of constant improvement.
You can check on me here:
https://www.myfxbook.com/members/Chikot
This is the only account I am trading
Thank you for your proposal
My trading is not mechanical. I am a discretionary trader.
Have been learning this business since October 2008.
I started trading oil and trade oilo exclusively since February 2011. Traded demo till the mid of July to develop trading and now moved to trade live account.
I am day trader and as you can see from myfxbook my average time in trade is around 13 minutes.
You can follow my trading as long as necessary as I am in process of constant improvement.
You can check on me here:
https://www.myfxbook.com/members/Chikot
This is the only account I am trading
Thank you for your proposal
Aug 04, 2011 at 23:58
NextLevelForex posted:
Hi everyone,
I you have a system that can produce 80 pips gain without going into a drawdown deeper than 100 pips, and are interested in trading others capital, please post more details about your results here. A verified real money account on myfxbook would be good. In addition, I would really appreciate if you can compile some stats and post them here. Specifically I'm interested in:
1a) how long have you been trading for, including all other methods/systems
1b) how long have you been trading the system that meets the said criteria
2) how many trades / month does your system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5) how long do you expect it will take to hit the 80 pips target
To be clear about the requirement of '80 pips gain without going into a drawdown deeper than 100 pips', if you take an account where the maximum position size you would open would be 1 lot (based on balance and leverage), then in such account your system needs to produce a gain of 80 pips while trading the whole lot. If you decide to split your trades between two systems, each trading 0.5 lots, then the total number of pips required would be 160, and the maximum allowed drawdown would become 200 pips.
Thank you for your interest!
Remus
Here is my answers to your questions:
1a) I started trading forex in 2004.
1b) 3 years but improve it since this year.
2) 60 trades/month.
3a) 10 hours
3b) 54 minutes
4) 4 pips
5) 30 pips per trade x 3 trades.
My system only risk 15 pips for 30 pips or more per trade https://www.myfxbook.com/members/partnerfx/partnerfx/120890 .
Membre depuis Apr 25, 2011
posts 262
Aug 05, 2011 at 05:45
Thanks Chikot and ForexDTrader for the replies!
Chikot,
Congratulations on your idea to focus on just one instrument, I think that's going to help your profitability. For the moment I only have manageable accounts that can trade exclusively currencies. I'll add you to my watchlist, since I'm looking to diversify my business in the future, and wish you great success!
ForexDTrader,
Your system nicely matches my requirements, so I'll add you my watchlist, and follow up with a private message.
Keep up the great work!
Chikot,
Congratulations on your idea to focus on just one instrument, I think that's going to help your profitability. For the moment I only have manageable accounts that can trade exclusively currencies. I'll add you to my watchlist, since I'm looking to diversify my business in the future, and wish you great success!
ForexDTrader,
Your system nicely matches my requirements, so I'll add you my watchlist, and follow up with a private message.
Keep up the great work!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Membre depuis Jan 14, 2010
posts 2299
Aug 05, 2011 at 10:21
Thanks Remus. I always wanted to trade oil and had other reason to start trading oil instead of currencies.
I am with FXPrimus where oil and other commodities can be traded same way as currencies although it is much different to trade oil in comparison to currencies.
I use stops between 30-40 pips on most occasions and only make them bigger when stop of 30-40 pips makes no sense.
I am with FXPrimus where oil and other commodities can be traded same way as currencies although it is much different to trade oil in comparison to currencies.
I use stops between 30-40 pips on most occasions and only make them bigger when stop of 30-40 pips makes no sense.
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