EAs do not work for me! Its much better to do manual trades.
Member Since Jan 14, 2010
2299 posts
Dec 12, 2014 at 21:49
(edited Dec 12, 2014 at 22:02)
It shows 2 things:
1. How you can control yourself and risk once you are on the losing end. Trust me, it is very important
2. Draw down which gets out of hand can kill your account.
I see very high DDs indeed and very bad R:R ratios. I know all about R:R. When one moves stop to BE even with 1+ tick/ pip and getting BE trades but still has higher targets it will show up in at least equal R:R even on myfxbook when actually R:R is better than 1:1. Because trader is not letting winner turn loser...
'I really find the drawdown concept of no use...unless one is in loss. How can past draw down be a benchmark of ability, especially when profits roll in 😄'
1. How you can control yourself and risk once you are on the losing end. Trust me, it is very important
2. Draw down which gets out of hand can kill your account.
I see very high DDs indeed and very bad R:R ratios. I know all about R:R. When one moves stop to BE even with 1+ tick/ pip and getting BE trades but still has higher targets it will show up in at least equal R:R even on myfxbook when actually R:R is better than 1:1. Because trader is not letting winner turn loser...
'I really find the drawdown concept of no use...unless one is in loss. How can past draw down be a benchmark of ability, especially when profits roll in 😄'
Member Since Jan 14, 2010
2299 posts
Dec 12, 2014 at 21:50
Regaridng EA, faster doe snot mean better. There is a saying that speed is mostly good to kill mosquitoes. EA cannot think and is not up to subtleties.
Member Since Jan 14, 2010
2299 posts
Dec 12, 2014 at 21:55
FERMONZOR posted:togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
Look at my stats.... I manage some accounts & own money 100% MANUALLY, yes I think I´m a good example of a succesful trader and there are a lot of success traders out there that opérate Manually.... why i have not posted more trading record, because i was not interested in this type of pages, but I have found it a lot of fun here.... anyways you can watch my account for the following months and confirm what I´m writing....
Are there succesful traders in the long run??
YES, about 5% of all forex traders..... you have to look the following profile in order to be a succesful trader in the long term beyond all this sh...t of systems, backtestings, EA, and stuff like that..... THE SUCCESFUL TRADER IS A GUY with the following skills:
- Discipline
- Self Concious
- Responsible
- Is a guy that does not like gambling or do not have that need; does not want to become rich in 1 month....
- Consistent with his system along the way (good times/bad times)
- A guy that has daily routines
- A guy that exercise..
- A guy that in his mind get below 10% per month is amazing.
- A guy that does not work for the brokers, in terms that he does not get money from the spread.
I´m sure you are gonna tell me that this is bulls...t but I have been for several years in this business, and when i talk to newly investors, I always do this exercise, and the success rate is high.... on the other hand the HOW is relatively easy when you have this inner skills....
FM
Bravo man!
Member Since Jan 14, 2010
2299 posts
Dec 12, 2014 at 21:59
FM
Well you definitelly achieved some profit with acceptable DD and with manual trading.
But still EA is better
e.g. https://www.myfxbook.com/members/togr/caesar2markv/873349
Looks good man! Bravo!
Dec 15, 2014 at 14:14
Chikot posted:FERMONZOR posted:togr posted:Chikot posted:
I would not trust EA. It cannot adjust and market is not that perfect not to mention going through various cycles. Experienced trader with self control will do better than any EA especially on risk control side...
Also, how can I trust EA if I cannot trust even my internet connections...
The less things one has to rely upon the better.
KISS....
Well can you prove it? Can you post some manual trader who is successful in long term?
As trader with self control you should follow some clear trading rules.
If you have such rules EA can always execute them faster and more precisely.
Look at my stats.... I manage some accounts & own money 100% MANUALLY, yes I think I´m a good example of a succesful trader and there are a lot of success traders out there that opérate Manually.... why i have not posted more trading record, because i was not interested in this type of pages, but I have found it a lot of fun here.... anyways you can watch my account for the following months and confirm what I´m writing....
Are there succesful traders in the long run??
YES, about 5% of all forex traders..... you have to look the following profile in order to be a succesful trader in the long term beyond all this sh...t of systems, backtestings, EA, and stuff like that..... THE SUCCESFUL TRADER IS A GUY with the following skills:
- Discipline
- Self Concious
- Responsible
- Is a guy that does not like gambling or do not have that need; does not want to become rich in 1 month....
- Consistent with his system along the way (good times/bad times)
- A guy that has daily routines
- A guy that exercise..
- A guy that in his mind get below 10% per month is amazing.
- A guy that does not work for the brokers, in terms that he does not get money from the spread.
I´m sure you are gonna tell me that this is bulls...t but I have been for several years in this business, and when i talk to newly investors, I always do this exercise, and the success rate is high.... on the other hand the HOW is relatively easy when you have this inner skills....
FM
Bravo man!
@Chikot Tks man!
THIS IS A MARATHON, NOT A SPRINT.
Dec 15, 2014 at 14:15
aslan9 posted:
FERMONZOR, your statement of real account trading looks nice - it's better then demo one. Let me give you my compliments - I'm respect guys that can show good results of manual trading.
Wish you much profit.
@aslan9
Tks Aslan.... hope the following months/years keep with the same results! 😉
THIS IS A MARATHON, NOT A SPRINT.
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