TraderFX786 (By TRADER786)
| Gain : | -99.72% |
| Drawdown | 94.29% |
| Pips: | 9291.9 |
| Trades | 1451 |
| Won: |
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| Lost: |
|
| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Manual |
TraderFX786 Discussion
Member Since Sep 14, 2015
78 posts
Apr 06, 2018 at 11:52
Very high DD. you are the same guy who blew up your account and come back with new username
Be calm in every situation
Member Since Sep 14, 2015
78 posts
Apr 06, 2018 at 11:52
Oops sorry miskaking you with someone else
Be calm in every situation
forex_trader_397437
Member Since Jan 31, 2017
1 posts
Apr 06, 2018 at 12:07
Can you tell me more on why you use the Elliot analysis for defining your risk areas.
Apr 08, 2018 at 06:31
scambuster posted:I have blown accounts in my journey in the past but currently have accounts with higher risk/return profile but showing this to motivate traders that drawdowns should not let you down (btw the drawdown never penetrated into original account equity but still a drawdown is a drawdown, trader should learn to own his profits)
Very high DD. you are the same guy who blew up your account and come back with new username
forex_trader_460863
Member Since Sep 19, 2017
35 posts
Apr 17, 2018 at 05:42
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
forex_trader_460863
Member Since Sep 19, 2017
35 posts
Apr 17, 2018 at 12:30
Today is 17th April 2018.
As can be seen from attached image, you have not updated your myfxbook since 13th April-2018.
You have positions open - not updating myfxbook stops the draw down from being updated.
How do we know what the true draw down is when you do not update?
This sort of behavior does not inspire confidence.
As can be seen from attached image, you have not updated your myfxbook since 13th April-2018.
You have positions open - not updating myfxbook stops the draw down from being updated.
How do we know what the true draw down is when you do not update?
This sort of behavior does not inspire confidence.
Apr 21, 2018 at 12:17
gbpusdg posted:
Today is 17th April 2018.
As can be seen from attached image, you have not updated your myfxbook since 13th April-2018.
You have positions open - not updating myfxbook stops the draw down from being updated.
How do we know what the true draw down is when you do not update?
This sort of behavior does not inspire confidence.
Yes the account has not been updated for this week, but that is due to me changing the investor password and not updating it here as I was short on time. Tried doing it today, but my broker's website behaving absurdly probably due to some maintenance issues. Will reestablish the account links again so that it updates regularly.
Apr 21, 2018 at 12:18
gbpusdg posted:
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
'But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?' No my friend, you are looking at the account balance. Please have a look at the real thing, which is account equity, the growth of which has increased from around 235% on 28 Dec,2017 to now well above 300%.
'You are also sitting on 27% draw down as your equity is only 73% now.' The short answer is the same as above i.e. please look at the account equity. The difference in account equity and balance is due to a big negative trade. I can explain this as follows: Last year, I used a trade management model which instead of closing a trade at stop-loss, initiated a reverse position. So e.g I was support EURUSD at 1.15 and stop loss at 1.16, the model would open a buy trade at 1.16 instead of closing the 1.15 short. I am now gradually abandoning this model and the disparity between balance and equity(although both show healthy growth but balance growth overstates my results a bit)
'Your history is also hidden so no way of seeing what your trading style is. ' I have summarized my trading style in the description of my system.
'Also - average trade length is 2 days but trade expectancy is only 8.8 pips. Need much more information - you need to open up history.' I am not a short term scalper, haven't looked much into myfxbook analytics to know how their calculations are done. I don't think account history would be of much value to anyone, still if you want that, you can email me.
forex_trader_460863
Member Since Sep 19, 2017
35 posts
Apr 23, 2018 at 10:23
TRADER786 posted:gbpusdg posted:
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
'But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?' No my friend, you are looking at the account balance. Please have a look at the real thing, which is account equity, the growth of which has increased from around 235% on 28 Dec,2017 to now well above 300%.
'You are also sitting on 27% draw down as your equity is only 73% now.' The short answer is the same as above i.e. please look at the account equity. The difference in account equity and balance is due to a big negative trade. I can explain this as follows: Last year, I used a trade management model which instead of closing a trade at stop-loss, initiated a reverse position. So e.g I was support EURUSD at 1.15 and stop loss at 1.16, the model would open a buy trade at 1.16 instead of closing the 1.15 short. I am now gradually abandoning this model and the disparity between balance and equity(although both show healthy growth but balance growth overstates my results a bit)
'Your history is also hidden so no way of seeing what your trading style is. ' I have summarized my trading style in the description of my system.
'Also - average trade length is 2 days but trade expectancy is only 8.8 pips. Need much more information - you need to open up history.' I am not a short term scalper, haven't looked much into myfxbook analytics to know how their calculations are done. I don't think account history would be of much value to anyone, still if you want that, you can email me.
I am looking at the account Equity - your account equity clearly shows you are in a current drawdown of 27.25% (100% - 72.25%)
I am looking at how the equity has moved since inception. Whilst it was good during 2017, in 2018, it is going lower, in fact in 2018, your system has actually made a total loss to date - see attached image. This shows whatever method you are using, it is not successful this year.
There is no reason to hide history - history shows us if you are occasionally doing high lot sizes, it shows us if you have high holding periods of losing trades.
I am sorry, but the only information that has any logical reason to be hidden is open trades and pending trades. Anything else, there is no reason to hide except if you are looking to stop people conducting a deeper analysis of your trading.
No reason to email you, just open up your history for all to see. Any experienced myfxbook user will know how to use it.
Thank you.
Apr 25, 2018 at 06:50
Mate the image you attached is showing the decrease in balance, due to closure of 'hedging' trades as explained above. Go to the system main page and you can clearly see the equity curve (Yellow line) growing healthy during 2018. I am not trying to make u look at oranges and call them apples, just trying to tell u that you are looking at the wrong thing.
forex_trader_460863
Member Since Sep 19, 2017
35 posts
Apr 25, 2018 at 13:47
TRADER786 posted:
Mate the image you attached is showing the decrease in balance, due to closure of 'hedging' trades as explained above. Go to the system main page and you can clearly see the equity curve (Yellow line) growing healthy during 2018. I am not trying to make u look at oranges and call them apples, just trying to tell u that you are looking at the wrong thing.
I have done a custom date analysis (jan 2018 to today)
Am not seeing the equity curve growing healthily at all, it has flat lined in 2018 and now it seems to be dipping.
I have un-subscribed from this thread. Thank you for your time, but this is not what I want.
All the best.
Member Since Feb 22, 2011
4862 posts
Apr 27, 2018 at 07:45
gbpusdg posted:
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
Even 2017 results are bad. As there are open negative trades eating up the equity since JUN 17
Apr 29, 2018 at 06:37
togr posted:Lolz you mean to say that 300% plus return over a period of 14 months is bad. Keep hold of your negativism guys, dont blame anyone if it doesn't take you anywhere after 10 years in your life. Pointing out a thousand mistakes out of a painting is easiest thing in the world, making one is next to impossible for many. Show me your account of reasonable size which shows even half of this account's performance.gbpusdg posted:
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
Even 2017 results are bad. As there are open negative trades eating up the equity since JUN 17
Member Since Feb 22, 2011
4862 posts
Apr 30, 2018 at 08:17
TRADER786 posted:togr posted:Lolz you mean to say that 300% plus return over a period of 14 months is bad. Keep hold of your negativism guys, dont blame anyone if it doesn't take you anywhere after 10 years in your life. Pointing out a thousand mistakes out of a painting is easiest thing in the world, making one is next to impossible for many. Show me your account of reasonable size which shows even half of this account's performance.gbpusdg posted:
Hello,
Good 2017 results.
But 2018, down $3k (-14%). This means that your strategy is no longer working as effectively?
You are also sitting on 27% draw down as your equity is only 73% now.
Your history is also hidden so no way of seeing what your trading style is.
Also - average trade length is 2 days but trade expectancy is only 8.8 pips.
Need much more information - you need to open up history.
Thank you
Even 2017 results are bad. As there are open negative trades eating up the equity since JUN 17
Your answer actually reveals more about you. You have the right to believe whatever you wish, Spaghetti Flying monster, your account is good, whatever. Good luck.
forex_trader_460863
Member Since Sep 19, 2017
35 posts
Apr 30, 2018 at 10:46
TRADER786 posted:togr posted:gbpusdg posted:
Hello,
Good 2017 results.TRADER786 posted:
Lolz you mean to say that 300% plus return over a period of 14 months is bad. Keep hold of your negativism guys, dont blame anyone if it doesn't take you anywhere after 10 years in your life. Pointing out a thousand mistakes out of a painting is easiest thing in the world, making one is next to impossible for many. Show me your account of reasonable size which shows even half of this account's performance.
It's not all about return, it's about risk management.
You have had a drawdown of 77%. You are currently in a drawdown on 49%.
You refuse to open up your history so none can truly gauge your past trades ie. how long some trades were open for, the lot sizes, etc.
2018 has made no money.
Please make a Withdrawal from your account to prove your account is real and not a demo. MyFxBook can easily be frauded especially with Tickmill where it shows a demo account as a real account.
You are the one trying to sell your services, the onus is on you to prove your honesty.
Any potential buyer of your service has a right to ask you, and get answers to, the safety of your service.
May 01, 2018 at 06:12
Whoever thinks this account is good is dellusional. 77% max DD vs 13% avg monthly profit is a terrible result. You will wipe out the account sooner or later. You are only looking at the profits but not the risk and that the most ill advised thing you can do. And where do you see 300% profit? Your profit is not even 200% currently.
