Do you think you can turn $200 into $400 in six weeks?
Membre depuis Oct 24, 2013
posts 268
Jun 15, 2014 at 23:21
(édité Jun 15, 2014 at 23:30)
Master_Kiwa posted:
CrazyTrader what is your formula revealing?
If he has 5k and I have 10k.
If we both finish with 100% profit. The person who would of finished with the best stats would be Him. As my account is twice as large as his.
How could you be so consistently wrong? You are kidding right? This is fairly basic stuff!!
If you both had 100% profit he would finish with 10k and you would finish with 20k the stats would be that you both had a 100% profit making it a draw. The winner would then be decided by who has the lower draw down (I'll give you a hint. 50% draw down of 5k is 2.5k and 50% draw down of 10k is 5k). Geeeezzzz Is it really that hard for you to grasp?
You can't spend open trades.
Membre depuis Apr 14, 2013
posts 402
Jun 15, 2014 at 23:29
Silverthorn posted:Master_Kiwa posted:
CrazyTrader what is your formula revealing?
If he has 5k and I have 10k.
If we both finish with 100% profit. The person who would of finished with the best stats would be Him. As my account is twice as large as his.
No nimrod. If you both had 100% profit he would finish with 10k and you would finish with 20k the stats would be that you both had a 100% profit making it a draw. Geeeezzzz Is it really that hard for you to grasp? You are kidding right? This is fairly basic stuff!!
Why do you keep posting under me?Do you not have anything else better to do? To once again clarify. Being that our account size aren't the same, if we both end up with the same % change, then he would of out performed me. As he obtained the same % change with LESS money! Can't you see that?
If you have two runners. oNE WITH one leg, and the other with both legs, and they both finished the race at the sametime. who would of been considered to be the BETTER RUNNER? DumbARSEEEEE
Focus on pip-drawdown
Membre depuis Apr 14, 2013
posts 402
Jun 15, 2014 at 23:32
Silverthorn posted:Master_Kiwa posted:
CrazyTrader what is your formula revealing?
If he has 5k and I have 10k.
If we both finish with 100% profit. The person who would of finished with the best stats would be Him. As my account is twice as large as his.
How could you be so consistently wrong? You are kidding right? This is fairly basic stuff!!
If you both had 100% profit he would finish with 10k and you would finish with 20k the stats would be that you both had a 100% profit making it a draw. The winner would then be decided by who has the lower draw down (I'll give you a hint. 50% draw down of 5k is 2.5k and 50% draw down of 10k is 5k). Geeeezzzz Is it really that hard for you to grasp?
Have a look at that video. That's you DEMO QUEEEN... Nothing but words with no bite.
Focus on pip-drawdown
Membre depuis Oct 24, 2013
posts 268
Jun 15, 2014 at 23:33
Again. NO. YOU ARE WRONG!! Go ask a 10 year old to explain it to you.
You can't spend open trades.
Membre depuis Oct 24, 2013
posts 268
Jun 15, 2014 at 23:38
Master_Kiwa posted:Silverthorn posted:Master_Kiwa posted:
CrazyTrader what is your formula revealing?
If he has 5k and I have 10k.
If we both finish with 100% profit. The person who would of finished with the best stats would be Him. As my account is twice as large as his.
How could you be so consistently wrong? You are kidding right? This is fairly basic stuff!!
If you both had 100% profit he would finish with 10k and you would finish with 20k the stats would be that you both had a 100% profit making it a draw. The winner would then be decided by who has the lower draw down (I'll give you a hint. 50% draw down of 5k is 2.5k and 50% draw down of 10k is 5k). Geeeezzzz Is it really that hard for you to grasp?
Have a look at that video. That's you DEMO QUEEEN... Nothing but words with no bite.
Yes I can see how that is relevant!!
You can't spend open trades.
Membre depuis Nov 21, 2011
posts 1718
Jun 15, 2014 at 23:38
Master_Kiwa posted:
If you have two runners. oNE WITH one leg, and the other with both legs, and they both finished the race at the sametime. who would of been considered to be the BETTER RUNNER? DumbARSEEEEE
Your example is wrong... It would be more like 2 runners while the taller is twice the small runner. (they both have 2 legs).
Anyway, Now we will fix that problem.
Master Kiwa you trade like you have 5K.
We will use custom deposit!
Also that's why David to you to create a new account just to transfer 5K. But like it's not your Money, you probably can't do that otherwise it would be already done.
Membre depuis Apr 14, 2013
posts 402
Jun 15, 2014 at 23:52
CrazyTrader posted:Master_Kiwa posted:
If you have two runners. oNE WITH one leg, and the other with both legs, and they both finished the race at the sametime. who would of been considered to be the BETTER RUNNER? DumbARSEEEEE
Your example is wrong... It would be more like 2 runners while the taller is twice the small runner. (they both have 2 legs).
Anyway, Now we will fix that problem.
Master Kiwa you trade like you have 5K.
We will use custom deposit!
Also that's why David to you to create a new account just to transfer 5K. But like it's not your Money, you probably can't do that otherwise it would be already done.
Oh no mate. It's my money. I am not going to separate 5k for a silly little pissing match. Either he deposit 5k more, or work with what he has. As for me trading like I have 5k, I won't do that. I will use my entire account as I would normally do. I am not going to risk my potential profit because some monkey brain wants me to start with an account balance he has.
Focus on pip-drawdown
Membre depuis Oct 24, 2013
posts 268
Jun 16, 2014 at 00:01
(édité Jun 16, 2014 at 00:02)
Here come the excuses.
Option 2 again.
Oops! Sorry I just posted underneath you again didn't I. My bad!!
Option 2 again.
Oops! Sorry I just posted underneath you again didn't I. My bad!!
You can't spend open trades.
Membre depuis Apr 14, 2013
posts 402
Jun 16, 2014 at 00:13
Silverthorn posted:
Here come the excuses.
Option 2 again.
Oops! Sorry I just posted underneath you again didn't I. My bad!!
Yes you have nothing else better to do. Try depositing into an account and trading.
Focus on pip-drawdown
Membre depuis Nov 21, 2011
posts 1718
Jun 16, 2014 at 00:15
Now you both better focus on your own performance... the competition has started!
Membre depuis Aug 19, 2013
posts 182
Jun 16, 2014 at 03:25
Master_Kiwa I've had it with your bullshit. STOP sending me messages and harassing me.
Viva La Puerto Rico!
Membre depuis Aug 19, 2013
posts 182
Jun 16, 2014 at 03:25
Either trade or don't trade. But don't contact me directly again.
Viva La Puerto Rico!
Membre depuis Dec 15, 2010
posts 795
Jun 16, 2014 at 04:44
Oh my...
Click on my Name to see My Live Charts and Bio.
Membre depuis Dec 15, 2010
posts 795
Jun 16, 2014 at 06:03
I put up my little demo... kind of on reserve settings for the 2 weeks to one month contest. 2 of my home made EAs.
Click on my Name to see My Live Charts and Bio.
Membre depuis Oct 24, 2013
posts 268
Jun 16, 2014 at 06:09
First out of the blocks and the Professor is in the lead!!
You can't spend open trades.
Membre depuis Aug 19, 2013
posts 182
Jun 16, 2014 at 06:30
Nice. Good job!
I'm a little annoyed at myfxbook at the moment. My stats aren't updating for some reason, and I double checked the settings.
I emailed support so it should get cleared up. Either way, i'm still trading and will update as soon as they figure it out.
No excuses on my end. Just letting you know.
I'm a little annoyed at myfxbook at the moment. My stats aren't updating for some reason, and I double checked the settings.
I emailed support so it should get cleared up. Either way, i'm still trading and will update as soon as they figure it out.
No excuses on my end. Just letting you know.
Viva La Puerto Rico!
Membre depuis Oct 24, 2013
posts 268
Jun 16, 2014 at 06:34
If you are using the FTP update try switching to the EA. FTP stopped updating on Jun 11 for a number of my accounts.
You can't spend open trades.
Jun 16, 2014 at 06:48
@CodeMonkey
Your example is right, however the equal position size on different account balance, means different risk/reward %.
In other words, if we make exactly the same trade in two accounts one of them being $5k and the other $10k, the position size of the $5k account should be 1/2 of the position size of the $10k. This way the all statistics for both accounts will be the same, same drawdown %, same gain/loss %, etc.
Normally, before opening a trade, the trader decides the stop loss level and depending on the % of the account's balance that he wants to risk on that specific trade, he adjusts the position size.
That's why I pointed out, that since in this specific competition we don't care about the final absolute balance of the accounts, but we only compare %gain and %drawdown, the actual account balance is irrelevant.*
*please keep in mind that there could still be a difference, however one that results from a psychological side. As I pointed out in one of my previous post to Master_Kiwa, when we are talking about real accounts with real money the account balance does matter, from psychological point though. Most traders would risk 50% or even 100% of their account on single trade if the account balance if the balance is $100, but there are very few out there feeling comfortable with risking 100% of a $100k account. A lot of scammers often open $10 real accounts and with a little luck they reach +500% gain in a month or less, they hide the account balance and they are advertizing themselves a gurus... However, I've never seen such an account though with $100k starting balance!!!
Anyway in our case, there is no such psychological aspect, since both accounts have a considerable amount of $ deposited.
CodeMonkey posted:dchara01 posted:
As for the 2nd point, I cannot agree that there is an actual difference, between the two accounts... Since you are not challenging for the higher ending balance, but for the highest ending % gain with the less % drawdown, using trades that are meaningful for which later will be able to provide explanations... the absolute numbers, ie ending balance, amount at risk and so on have nothing to do with the winner!
I guess I agree partially with your thinking on that. It's just that depending on the persons trading strategy, it can have a fairly large difference in the outcome.
If for example, I were to open 5 lots on a smaller account, and the market went against it for a while, the smaller account could be in danger of being blown where as the larger account would not unless it went twice as far into the negative profits. Basically 'IF' a small account and a large account opened the same trades and the same sizes, the larger account is at a clear advantage.
If I'm incorrect, please clarify this for me. Thank you. - David
Your example is right, however the equal position size on different account balance, means different risk/reward %.
In other words, if we make exactly the same trade in two accounts one of them being $5k and the other $10k, the position size of the $5k account should be 1/2 of the position size of the $10k. This way the all statistics for both accounts will be the same, same drawdown %, same gain/loss %, etc.
Normally, before opening a trade, the trader decides the stop loss level and depending on the % of the account's balance that he wants to risk on that specific trade, he adjusts the position size.
That's why I pointed out, that since in this specific competition we don't care about the final absolute balance of the accounts, but we only compare %gain and %drawdown, the actual account balance is irrelevant.*
*please keep in mind that there could still be a difference, however one that results from a psychological side. As I pointed out in one of my previous post to Master_Kiwa, when we are talking about real accounts with real money the account balance does matter, from psychological point though. Most traders would risk 50% or even 100% of their account on single trade if the account balance if the balance is $100, but there are very few out there feeling comfortable with risking 100% of a $100k account. A lot of scammers often open $10 real accounts and with a little luck they reach +500% gain in a month or less, they hide the account balance and they are advertizing themselves a gurus... However, I've never seen such an account though with $100k starting balance!!!
Anyway in our case, there is no such psychological aspect, since both accounts have a considerable amount of $ deposited.
forex_trader_194159
Membre depuis Jun 09, 2014
posts 38
Jun 16, 2014 at 06:48
TheLastBear posted:I can double the profit in 6 months, but you need at least 1000 USD, in order to have the maximum 25% risk from your balance!
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?
Membre depuis Aug 19, 2013
posts 182
Jun 16, 2014 at 08:11
Silverthorn posted:
If you are using the FTP update try switching to the EA. FTP stopped updating on Jun 11 for a number of my accounts.
Thanks for the info on that. Yeah I was using the publishing function.
Ok Ill see what support says in the morning, and if they haven't gotten back to me, ill set it up again with ea updates. Thanks for the heads up on that.
- David
Viva La Puerto Rico!
