SimplyTheBest FxPro
The user has made his system private.
SimplyTheBest FxPro 토론
Feb 13, 2017 at 07:40
jdsjioj posted:
Not bad but only 2 months of track record is not enough. Also the DD is kind of high (relative to the avg monthly profit) and will most likely get even higher in the future. Still, your account is in top 1% on myfxbook in my opinion, it just needs longer trading history. I would say you need at least 9 months to properly evaluate the strategy..
@jdsjioj
It started in NOV now it is FEB, how did you get 2 months?
DD is pretty low around 14%
In my experience if EA passes first 3 months it will be fine.
forex_trader_287419
Nov 19, 2015 부터 멤버
게시물23
Feb 13, 2017 at 09:25
My mistake, its 3 months))) Doesnt change the fact its still very new and not proven. 3 months is nothing. Why do you think investment companies or Funds need a minimum of 9 months of track record? They are pros and know what they are looking for.
I am also skeptical because you started running it on November 10th. That is one day after US election when the markets went crazy. That might suggest that you restarted the EA after the market craziness. Since then there hasnt been any big events and because the EA opens so many positions it tells me that the account is never flat and you always have open trades. That means when something crazy happens, the EA will get destroyed in most cases. That is also the reason why you need more than 3 months.
Also the ratio between avg monthly profit and max DD is about 1:2 which is not great but not bad either. Like I said, for me to trust a system it needs at least 9-12 months of track record, good risk adjusted returns, consistency, no hedging/martingale/grid... There are some accounts on Myfxbook that fit the mentioned criteria but they get overlooked because the profits are lower.
There have been too many accounts like yours that have been fine for a few months and then something unexpected happened and BOOM. I am not saying this will happen with your acc but it really needs much more time.
I am also skeptical because you started running it on November 10th. That is one day after US election when the markets went crazy. That might suggest that you restarted the EA after the market craziness. Since then there hasnt been any big events and because the EA opens so many positions it tells me that the account is never flat and you always have open trades. That means when something crazy happens, the EA will get destroyed in most cases. That is also the reason why you need more than 3 months.
Also the ratio between avg monthly profit and max DD is about 1:2 which is not great but not bad either. Like I said, for me to trust a system it needs at least 9-12 months of track record, good risk adjusted returns, consistency, no hedging/martingale/grid... There are some accounts on Myfxbook that fit the mentioned criteria but they get overlooked because the profits are lower.
There have been too many accounts like yours that have been fine for a few months and then something unexpected happened and BOOM. I am not saying this will happen with your acc but it really needs much more time.
Feb 13, 2017 at 09:45
jdsjioj posted:
My mistake, its 3 months))) Doesnt change the fact its still very new and not proven. 3 months is nothing. Why do you think investment companies or Funds need a minimum of 9 months of track record? They are pros and know what they are looking for.
I am also skeptical because you started running it on November 10th. That is one day after US election when the markets went crazy. That might suggest that you restarted the EA after the market craziness. Since then there hasnt been any big events and because the EA opens so many positions it tells me that the account is never flat and you always have open trades. That means when something crazy happens, the EA will get destroyed in most cases. That is also the reason why you need more than 3 months.
Also the ratio between avg monthly profit and max DD is about 1:2 which is not great but not bad either. Like I said, for me to trust a system it needs at least 9-12 months of track record, good risk adjusted returns, consistency, no hedging/martingale/grid... There are some accounts on Myfxbook that fit the mentioned criteria but they get overlooked because the profits are lower.
There have been too many accounts like yours that have been fine for a few months and then something unexpected happened and BOOM. I am not saying this will happen with your acc but it really needs much more time.
@jdsjioj
While I appreciate you are trying to bring some facts you should really improve your maths skills.
System age is not 2 months
System DD to Monthly is not 1:2
System does not open too many positions
etc...
System started once I finished demo/cent testing and gather enough capital to run it.
etcc..
forex_trader_287419
Nov 19, 2015 부터 멤버
게시물23
Feb 13, 2017 at 11:13
I mentioned in my last post that its 3 months old. You should read what I wrote. System started live on November 10. Thats 3 months and 3 days.
Avg monthly profit is 9% and DD is 14%. You are right it is not 1:2 but it will be very soon I suppose. Right now is 1:1.6. As I said it is not great, but its not bad either.
And it does open too many positions. You have over 3000 trades in 3 months. If that is not too much, I dont know what is. How can you claim 1000 trades per month is not too much? That is about 50 trades per day on average, it is crazy!!
Demo and real account are very different, demo results have no importance, only live results are worth looking at.
Avg monthly profit is 9% and DD is 14%. You are right it is not 1:2 but it will be very soon I suppose. Right now is 1:1.6. As I said it is not great, but its not bad either.
And it does open too many positions. You have over 3000 trades in 3 months. If that is not too much, I dont know what is. How can you claim 1000 trades per month is not too much? That is about 50 trades per day on average, it is crazy!!
Demo and real account are very different, demo results have no importance, only live results are worth looking at.
Feb 13, 2017 at 13:01
(편집됨 Feb 13, 2017 at 13:01)
jdsjioj posted:
I mentioned in my last post that its 3 months old. You should read what I wrote. System started live on November 10. Thats 3 months and 3 days.
Avg monthly profit is 9% and DD is 14%. You are right it is not 1:2 but it will be very soon I suppose. Right now is 1:1.6. As I said it is not great, but its not bad either.
And it does open too many positions. You have over 3000 trades in 3 months. If that is not too much, I dont know what is. How can you claim 1000 trades per month is not too much? That is about 50 trades per day on average, it is crazy!!
Demo and real account are very different, demo results have no importance, only live results are worth looking at.
Why should be many trades crazy. The trades are just 0.01 lots. Many trades does imply trades is consistent. Imagine you have just 3 trades a month. You would need many months to observe.
STB trades have 78% winning percentage, that is what does matter.
You are trying to apply some of your criteria to my system, but you do not have any system, so your opinion's weight is very low.
I would gladly listen to someone with good system but taking a hints from guy without single system is not relevant for me.
Feb 13, 2017 at 13:07
jdsjioj posted:
I mentioned in my last post that its 3 months old. You should read what I wrote. System started live on November 10. Thats 3 months and 3 days.
Avg monthly profit is 9% and DD is 14%. You are right it is not 1:2 but it will be very soon I suppose. Right now is 1:1.6. As I said it is not great, but its not bad either.
And it does open too many positions. You have over 3000 trades in 3 months. If that is not too much, I dont know what is. How can you claim 1000 trades per month is not too much? That is about 50 trades per day on average, it is crazy!!
Demo and real account are very different, demo results have no importance, only live results are worth looking at.
BTW what does mean your note about demo. This is real account. Fully verified. I made profit with it today. I made profit with it this week, previous week, this month previous month, in december in november:)
And you? What did you do:)
forex_trader_354005
Aug 22, 2016 부터 멤버
게시물148
Feb 13, 2017 at 13:55
This user first attack other seller and later offer its services, please check.
https://www.myfxbook.com/community/general/you-blocked-discussion-groups-please/897614,1#?pt=2&p=56&ts=579&o=897614
forex_trader_287419
Nov 19, 2015 부터 멤버
게시물23
Feb 13, 2017 at 16:29
togr posted:jdsjioj posted:
I mentioned in my last post that its 3 months old. You should read what I wrote. System started live on November 10. Thats 3 months and 3 days.
Avg monthly profit is 9% and DD is 14%. You are right it is not 1:2 but it will be very soon I suppose. Right now is 1:1.6. As I said it is not great, but its not bad either.
And it does open too many positions. You have over 3000 trades in 3 months. If that is not too much, I dont know what is. How can you claim 1000 trades per month is not too much? That is about 50 trades per day on average, it is crazy!!
Demo and real account are very different, demo results have no importance, only live results are worth looking at.
BTW what does mean your note about demo. This is real account. Fully verified. I made profit with it today. I made profit with it this week, previous week, this month previous month, in december in november:)
And you? What did you do:)
You said this: System started once I finished demo/cent testing and gather enough capital to run it.
Thats why I mentioned demo. Apparently you are not familiar with risk adjusted returns. There are many traders that can make 20% per month but the question is what DD they will have while making that profit. I said before, your account is not bad and if you keep this up you might get quite a few investors. The thing is that it is too short and the big investors will not take you seriously with 3 months track record. When you have longer track record then the account can be properly evaluated.
And we are not having a discussion about me and what I did. I do not need to prove anything to you or anyone else. I am not selling anything so it does not matter what I did. It is you who is trying to sell your trading so I am just pointing out what I see and what I think.
Feb 13, 2017 at 16:31
I bought several strategies on myfxbook. I have to say togr's are among the very best ones. And these systems are truly his(this is important). I highly recommend his Manual@OctaFX combined with this one to lower risk and have stable profit. Those who have too perfect curls would finally be proved to be a scam. I got my lesson.
forex_trader_287419
Nov 19, 2015 부터 멤버
게시물23
Feb 14, 2017 at 08:01
I will ask you if its so great in a few months when the DD goes up and the profits go down. I am not saying the account will blow up but in my estimation, there are too many trades and when something unexpected happens, you will be in a large DD and will need quite some time to get out of it.
And FYI, how do you know I dont have any experience? If I am not showing my accounts it doesnt mean I dont have experience and it definitely does not mean I cant comment on your system and point out the facts. I am not here to sell anything but you are so its my right to comment on your trading. I didnt make anything up, I am writing about facts which anybody can see and just because you dont like what I have to say it doesnt make it any less true. And just because you dont like what I have to say, it doesnt make this site trash.
If you are so sure that your system is good and that 3 months is enough, I am sure you can sell it to a FX Fund. I mean you are looking for clients so why not go to a Company with a large database and they will bring you all the clients you want. You know as well as I do that no Fund will even consider your system until it is proven over a longer period of time. And the fact is that it is not a great system and it has far from great results. It is an average system with ok results and that is all. I can show you at least 10 accounts here with better risk adjusted returns. If you dont know what risk adjusted returns are, then google it.
And FYI, how do you know I dont have any experience? If I am not showing my accounts it doesnt mean I dont have experience and it definitely does not mean I cant comment on your system and point out the facts. I am not here to sell anything but you are so its my right to comment on your trading. I didnt make anything up, I am writing about facts which anybody can see and just because you dont like what I have to say it doesnt make it any less true. And just because you dont like what I have to say, it doesnt make this site trash.
If you are so sure that your system is good and that 3 months is enough, I am sure you can sell it to a FX Fund. I mean you are looking for clients so why not go to a Company with a large database and they will bring you all the clients you want. You know as well as I do that no Fund will even consider your system until it is proven over a longer period of time. And the fact is that it is not a great system and it has far from great results. It is an average system with ok results and that is all. I can show you at least 10 accounts here with better risk adjusted returns. If you dont know what risk adjusted returns are, then google it.
Feb 14, 2017 at 08:09
@jdsjioj
You are not writing about facts
You write about feelings
Fact is system is running long enough to prove its consistency. Your feeling is it should run for a year :)
Fact is it trades about 0.5 lot a day on 5000 account which is pretty fine. Your feeling is it trades too much.
etc...
So my point is that your feelings are not important especially when your feelings are not supported by any account of yours.
You are not writing about facts
You write about feelings
Fact is system is running long enough to prove its consistency. Your feeling is it should run for a year :)
Fact is it trades about 0.5 lot a day on 5000 account which is pretty fine. Your feeling is it trades too much.
etc...
So my point is that your feelings are not important especially when your feelings are not supported by any account of yours.
