20-40% performance fee (with high watermark) for Forex traders
May 12, 2011からメンバー
46 投稿
Aug 28, 2011 at 10:39
Please contact me if I can be of further Assistant.
Buy Low - Sell High Upcoming expectations for the currency pair.
Aug 28, 2011 at 14:50
zainagha posted:
NextLevelForex posted:
James_Bond, Chunky Monkey and Steve Walker,
I'm actually looking for successful traders, whether they use automated systems or just manual trading. I checked the systems sections and found a lot of stuff there, and now I'm looking for humans who want to make decisions about what systems to trade (including manual strategies), when to stop trading or reduce the lot size, be able to tweak them when the market changes, and so on.
I don't see how your comments add value to this thread, so please post something of value for everyone reading here, if you care to share.
Have a great day everyone!
Hi Remus and All,
If you are looking for a Money Manager with 100% winning rate then you have found one.
I am sure you all will be delighted
Forgot to give you my link.
Here it is:
https://www.myfxbook.com/portfolio/dr-zain-agha-managed-accounts/155716
Giving Is The Highest Form Of Living...Make Everyone Happy!
forex_trader_36599
May 13, 2011からメンバー
1341 投稿
Aug 28, 2011 at 15:03
(編集済みのAug 28, 2011 at 15:04)
zainagha posted:
zainagha posted:
NextLevelForex posted:
James_Bond, Chunky Monkey and Steve Walker,
I'm actually looking for successful traders, whether they use automated systems or just manual trading. I checked the systems sections and found a lot of stuff there, and now I'm looking for humans who want to make decisions about what systems to trade (including manual strategies), when to stop trading or reduce the lot size, be able to tweak them when the market changes, and so on.
I don't see how your comments add value to this thread, so please post something of value for everyone reading here, if you care to share.
Have a great day everyone!
Hi Remus and All,
If you are looking for a Money Manager with 100% winning rate then you have found one.
I am sure you all will be delighted
Forgot to give you my link.
Here it is:
https://www.myfxbook.com/portfolio/dr-zain-agha-managed-accounts/155716
yo forget to give your account link and will manage other peoples accounts.I am lucky than I am not one of those other people😂
forex_trader_36599
May 13, 2011からメンバー
1341 投稿
Aug 28, 2011 at 21:40
zainagha posted:https://www.myfxbook.com/portfolio/dr-zain-agha-managed-accounts/155716
I am not allowed to give my links on this forum.
That is considered as Spamming.
You can google and find me and my links.
Cheers
you are not allowed to give your links on this forum. But we can google!!! NO COMMENT
Have nice day
Aug 30, 2011 at 23:39
(編集済みのAug 30, 2011 at 23:52)
If anyone is interested on investing on my PAMM account check the past performance on my PAMM LIVE trading account. I'm currently looking for investors. Terms and conditions depend on your investment.
Minimum investment of $1
check my PAMM system if interested or contact me for more information IF interested.
Minimum investment of $1
check my PAMM system if interested or contact me for more information IF interested.
forex_trader_32776
Mar 28, 2011からメンバー
1008 投稿
Aug 31, 2011 at 16:12
https://www.myfxbook.com/members/pipinvestment99/risk-capital-investors-fund/124751
Pips Expectancy formula:
18pips x .72 - 28pips x .28 /100
12.96 - 7.84 == 5.12
Pips Expectancy == 19.5 pips
1.47 Expectancy ratio
Once these numbers are crunched, what can we determine and how are these figures useful? Compare , discuss, improve..
Pips Expectancy formula:
18pips x .72 - 28pips x .28 /100
12.96 - 7.84 == 5.12
Pips Expectancy == 19.5 pips
1.47 Expectancy ratio
Once these numbers are crunched, what can we determine and how are these figures useful? Compare , discuss, improve..
Apr 25, 2011からメンバー
262 投稿
Sep 01, 2011 at 05:00
zainagha posted:
If you are looking for a Money Manager with 100% winning rate then you have found one.
Thanks Dr. Zain Agha for your info!
As a matter of fact, I am not looking for 100% winning rate. I don't believe that can be achieved while having a reasonable draw-down (I won't give any number here, since that's not the topic for my thread). So when I see a system with 0 losses, I either ignore it, or, in some cases, I add it to my watch list. I only consider a system for my portfolio when it has enough losses to make me believe the system has had its fair share of losing trades.
Also, the system you have originally listed (https://www.myfxbook.com/members/zainagha/dr-zain-agha-managed-accounts/155716) is reported as having been deleted by its creator. When I checked it yesterday it had a very short history, like from Aug 26, if I remember correctly.
Now you have a different system in your profile, with history from 2 days ago. If you happen to have a loss in the original system, and that was the reason why you deleted it, I'm offering a very sincere advice: learn to accept the losses and stop chasing 100% winning rate. I really believe it will serve you better!
I wish you the best!
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Apr 25, 2011からメンバー
262 投稿
Sep 01, 2011 at 05:24
(編集済みのSep 01, 2011 at 05:36)
ForexScam posted:
https://www.myfxbook.com/members/pipinvestment99/risk-capital-investors-fund/124751
Pips Expectancy formula:
18pips x .72 - 28pips x .28 /100
12.96 - 7.84 == 5.12
Pips Expectancy == 19.5 pips
1.47 Expectancy ratio
Once these numbers are crunched, what can we determine and how are these figures useful? Compare , discuss, improve..
Thanks Will for your info, and especially for doing the number crunching I asked for. You are the 8th person to reply to my inquiry for account managers, and so far no one cared to even attempt to calculate the Pips Expectancy or the Ratio.
I'll calculate the numbers again for your system (your first calculation is off a bit due to rounding), and then use your system as example for what I'm looking for. I'll also explain how I use those numbers.
As of Aug 31, 22:00, you have 309 trades with 222 winners.
Myfxbook already calculated average winning trade as 17.71 and average losing trade as -28.20.
As a result, the numbers I am looking for are
<b>Pips Expectancy</b> = ( Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades % ) / 100
= 17.71 * 222 / 309 - 28.20 * 87 / 309 (used the average pip loss with the negative value, as it is, here)
~= 12.72 - 7.94
= <b>4.78</b>
<b>Expectancy Ratio</b> = Pips Expectancy / Average Pips Loss
= 4.78 / 28.20 (used the average pip loss in absolute value here)
= <b>0.17</b>
Looking at these values I can compare your result with tons of other than I'm tracking and have an as-good-as-possible apples-to-apples comparison. One reason for using these two formulas is because they strip away the leverage factor. I'm often presented with a system that makes huge gains each month; but when I look closely, that's only because the trader uses very high levels of leverage to achieve that. I'm certainly ok with using leverage, it's just that I want to be the one who decides how much the maximum leverage is.
If Pips Expectancy is too low, let's say 2 pips, then any extra slippage and/or commission I could incur in my account, versus your 'master' account, could have significant negative effects to the performance I'll get.
If the Expectancy Ratio is too low (0.15 is the lowest I'm comfortable with, but that's only for my watch list; 0.17 is the lowest I'm ok to be traded in my real accounts), it means the risk taken to make the pips is higher than for a similar system, that had the same net end result in terms of pips, but a higher Ratio.
So looking at results through the above two formulas allows me to see through the leverage and analyze only the ability to generate profits and contain losses.
In closing, I want to say that your results look good, and meet the thresholds I set for a system to be included in my portfolio, so we'll be in touch!
Happy trading,
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
forex_trader_8864
Mar 18, 2010からメンバー
127 投稿
Sep 01, 2011 at 06:16
(編集済みのSep 01, 2011 at 06:17)
NextLevelForex posted:
<b>Pips Expectancy</b> = ( Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades % ) <b> / 100</b>
= 17.71 * 222 / 309 - 28.20 * 87 / 309 (used the average pip loss with the negative value, as it is, here)
~= 12.72 - 7.94
= <b>4.78</b>
using the given formula i think it should be
Pips Expectancy = (17.71*222/309 + -28.20*87/309) / 100
= (12.72 - 7.94) / 100
= 4.78 /100
= 0.0478
where did the <b> / 100</b> go? or did i miss something in the calculation? please correct me if im wrong. thanks.
Apr 25, 2011からメンバー
262 投稿
Sep 01, 2011 at 06:23
I expressed the percentage for winning/losing trades as 0.xx already, so there is no need to divide that by 100.
Specifically, I said the winning trades % is 222 / 309, which is about 0.72. You can also express that as 72 / 100.
So if you are going to use the % as usual (for example, use a value of 72 for 72%), then dividing by 100 is necessary.
But if you are using the mathematical value, as Will (0.72) or I (222/309) did, then dividing by 100 should be skipped.
Specifically, I said the winning trades % is 222 / 309, which is about 0.72. You can also express that as 72 / 100.
So if you are going to use the % as usual (for example, use a value of 72 for 72%), then dividing by 100 is necessary.
But if you are using the mathematical value, as Will (0.72) or I (222/309) did, then dividing by 100 should be skipped.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
forex_trader_8864
Mar 18, 2010からメンバー
127 投稿
Sep 01, 2011 at 06:45
(編集済みのSep 01, 2011 at 06:46)
NextLevelForex posted:
I expressed the percentage for winning/losing trades as 0.xx already, so there is no need to divide that by 100.
Specifically, I said the winning trades % is 222 / 309, which is about 0.72. You can also express that as 72 / 100.
So if you are going to use the % as usual (for example, use a value of 72 for 72%), then dividing by 100 is necessary.
But if you are using the mathematical value, as Will (0.72) or I (222/309) did, then dividing by 100 should be skipped.
thank you Remus for explaining.
NextLevelForex posted:
If Pips Expectancy is too low, let's say 2 pips, then any extra slippage and/or commission I could incur in my account, versus your 'master' account, could have significant negative effects to the performance I'll get.
What Pips Expectancy do consider as good? 5 and above? or as long as it wont fall from 2pips?
Apr 25, 2011からメンバー
262 投稿
Sep 01, 2011 at 15:31
A quick note regarding this suggestion I made:
https://www.myfxbook.com/community/suggestion-box/show-expectancy-pips-along-one/161504,1
The support team pointed out to me that the formula I provided for calculating the pips expectancy can be simplified a lot, as shown below:
<b>Expectancy in Pips</b>
= Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades %
= (TotalPipsWon / WonTradeCount) * (WonTradeCount / TotalTradeCount) +
(TotalPipsLost / LostTradeCount) * (LostTradeCount / TotalTradeCount)
= TotalPipsWon / TotalTradeCount + TotalPipsLost / TotalTradeCount
= (TotalPipsWon + TotalPipsLost) / TotalTradeCount
= <b>TotalPips / TotalTradeCount</b>
https://www.myfxbook.com/community/suggestion-box/show-expectancy-pips-along-one/161504,1
The support team pointed out to me that the formula I provided for calculating the pips expectancy can be simplified a lot, as shown below:
<b>Expectancy in Pips</b>
= Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades %
= (TotalPipsWon / WonTradeCount) * (WonTradeCount / TotalTradeCount) +
(TotalPipsLost / LostTradeCount) * (LostTradeCount / TotalTradeCount)
= TotalPipsWon / TotalTradeCount + TotalPipsLost / TotalTradeCount
= (TotalPipsWon + TotalPipsLost) / TotalTradeCount
= <b>TotalPips / TotalTradeCount</b>
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Apr 25, 2011からメンバー
262 投稿
Sep 01, 2011 at 15:50
pearlo posted:
What Pips Expectancy do consider as good? 5 and above? or as long as it wont fall from 2pips?
That's a personal preference. I consider an average of 2 pips per trade to be the very minimum, just for the simple fact that I'm mostly using ECN accounts, which charge you commissions to execute the trades; so if you make an average of 1 pip per trade, and pay the broker 0.8 pips, how profitable do you think you can you get when you add up the other costs of doing business?
The lower the Pips Expectancy it is, the higher the chances that you'll get a high deviation from the 'expected' performance. Even 2 pips is low, and I'll use an EA that is making waves right now, with its astonishing returns (thousands of %):
https://www.myfxbook.com/members/milliondpips/million-dollar-pips/114107
That EA has a Pips Expectancy (as of now) of 1.86, which to me indicates a very high chance you'll get different results (and most likely worse) than the 'official' account. If you read through the tread of that EA, you'll see how people are trying to get various VPS/broker configurations, but still most of them ending up with losses. So basically the system is great, but you cannot get that performance in your account. 😄
Also, even more important than the Pips Expectancy is the Expectancy Ratio, at least for me. The higher that number, the better the trading method. I suggest you try to calculate the 2 formulas on trading systems for which you can find more than 100 trades. Then search for more than one account trading the same system. You'll see that, in general, the systems having repeatable, consistent results, are the ones with higher Pips Expectancy and higher Expectancy Ratio.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
forex_trader_8864
Mar 18, 2010からメンバー
127 投稿
Sep 01, 2011 at 23:41
(編集済みのSep 01, 2011 at 23:46)
NextLevelForex posted:
A quick note regarding this suggestion I made:
https://www.myfxbook.com/community/suggestion-box/show-expectancy-pips-along-one/161504,1
The support team pointed out to me that the formula I provided for calculating the pips expectancy can be simplified a lot, as shown below:
<b>Expectancy in Pips</b>
= Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades %
= (TotalPipsWon / WonTradeCount) * (WonTradeCount / TotalTradeCount) +
(TotalPipsLost / LostTradeCount) * (LostTradeCount / TotalTradeCount)
= TotalPipsWon / TotalTradeCount + TotalPipsLost / TotalTradeCount
= (TotalPipsWon + TotalPipsLost) / TotalTradeCount
= <b>TotalPips / TotalTradeCount</b>
Nice. now it is easier to calculate.
NextLevelForex posted:
That's a personal preference. I consider an average of 2 pips per trade to be the very minimum, just for the simple fact that I'm mostly using ECN accounts, which charge you commissions to execute the trades; so if you make an average of 1 pip per trade, and pay the broker 0.8 pips, how profitable do you think you can you get when you add up the other costs of doing business?
Thanks for your explanations. Pips Expectancy and Expectancy Ratio are indeed very useful. Good luck in finding good systems and good managers.
Sep 13, 2009からメンバー
12 投稿
Sep 02, 2011 at 22:31
Hi Remus Miclea
My name is Ben Williams.
Trade Style: Swing Trading/Short Term Trend Trader (5 to 10 days or less)
Trading Forex Since Jan 2005 with not much success until recently, after many many hours (a few years) of finally perfecting a short term trading method based on a very advance moving average cross-over system. Below is the post link to my trade acct.
Trades Per Month: Typically between 25 and 55 trades per month
Max Trade Duration: There's no max trade duration as a set/fixed amount of time (but one can be applied if need be). The method continuously tells me if a trade is valid or has become an invalid trade. In 5 yrs of backtesting no trade has remained open longer than 20 trading days (not counting the weekend). The system is constantly being monitor by me, data is being updated on an hourly bases while a trade is open.
Average Trade Duration: 16hrs to 72hrs
Pip Expectancy: 40.43 (if my calculation is correct)
Expectancy Ratio: 5.60
This trade method is a robust system which can be traded in any kind of market, ranging or trending with a built in feature that tells me when conditions are clear for taking a particular trade set-up. The method attempts to capture 100 pips per trade as long as the trade remains valid.
Best Regards,
Ben Williams
https://www.myfxbook.com/members/FXTopGunTrading/fxtopguntrading/143610
My name is Ben Williams.
Trade Style: Swing Trading/Short Term Trend Trader (5 to 10 days or less)
Trading Forex Since Jan 2005 with not much success until recently, after many many hours (a few years) of finally perfecting a short term trading method based on a very advance moving average cross-over system. Below is the post link to my trade acct.
Trades Per Month: Typically between 25 and 55 trades per month
Max Trade Duration: There's no max trade duration as a set/fixed amount of time (but one can be applied if need be). The method continuously tells me if a trade is valid or has become an invalid trade. In 5 yrs of backtesting no trade has remained open longer than 20 trading days (not counting the weekend). The system is constantly being monitor by me, data is being updated on an hourly bases while a trade is open.
Average Trade Duration: 16hrs to 72hrs
Pip Expectancy: 40.43 (if my calculation is correct)
Expectancy Ratio: 5.60
This trade method is a robust system which can be traded in any kind of market, ranging or trending with a built in feature that tells me when conditions are clear for taking a particular trade set-up. The method attempts to capture 100 pips per trade as long as the trade remains valid.
Best Regards,
Ben Williams
https://www.myfxbook.com/members/FXTopGunTrading/fxtopguntrading/143610
There's no greater power than the North Star : Live Free or Die Trying
Apr 25, 2011からメンバー
262 投稿
Sep 03, 2011 at 22:03
FXTopGunTrading posted:
https://www.myfxbook.com/members/FXTopGunTrading/fxtopguntrading/143610
Pip Expectancy: 40.43 (if my calculation is correct)
Expectancy Ratio: 5.60
Thanks for the details, I added your account to my watch list!
You're system looks very profitable, but I need a longer history to commit to even try it on one of my accounts. Also if you have a REAL account where you are trading it, showing that would very much increase your reputation (one of the first questions you'll be asked when offering to manage other's people money, or sell/lease your system, will be: 'if you system is as good as you say, why do you trade it in a DEMO account?').
About the expectancy: using the data available today (9/3), I see 29 trades that brought 1463.6 pips into your account. That means the Pip Expectancy is 1463.6 / 29 = 50.47, which is quite good (considering your system is swing trading, it's actually expected to have double digit values for this metric). Since your average loss is 62.78 pips, your Expectancy Ration come out as 50.47 / 62.78 = 0.80, which again is very good.
Keep on trading the way you have shown in this DEMO account, and I'm sure you'll have a bright future ;)
Have a great weekend,
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Apr 25, 2011からメンバー
262 投稿
Sep 03, 2011 at 22:10
SaltyWaters posted:
<a href='https://www.myfxbook.com/files/SaltyWaters/Since_20110101.jpg' target='_blank'><img src='https://www.myfxbook.com/files/SaltyWaters/Since_20110101.jpg'/></a>
Hi SaltyWaters,
Can you provide more details? There is nothing in that picture that would allow me (or anyone else reading this thread) to evaluate how profitable your system/method is. Win % values, without the average pip gain/loss, are pretty much useless. Also to compute the metrics I'm using (the most talked about in this thread are Pips Expectancy and Expectancy Ratio), I'll also need the total number of pips made by the 40 trades shown in the picture.
Thanks a lot!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
