Do you think you can turn $200 into $400 in six weeks?
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 15:40
CrazyTrader posted:
Off course I do:
Custom start date: Order closed by
From: 06/19/2014 12:40
To: 06/20/2014 05:59
The average is there: 2.93 pips !
16 winning orders in a row.
Don't look at my profit factor... it's uggly stat.
You see.... any newbie in scalping can reach 3 pips profit. That's why I say, no skills needed, no pattern needed. Market is moving enough to rap 3 pips here, 3 pips there.
=> My theory is validated, even if you say that I didn't reach the challenge for each single trade. I have done it during the first week.
Your forgetting one little thing. You have to show me your pip-drawdown. Remember you have to gain 3 pips before you lose 3 pips. And from the tell of your account history, I dont think you were holding positions for longer then 1 hour without going 3 pips in red! So your theory has not been proven yet, until you post your pip-drawdown.
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 15:56
You can check Pip drawdown if you want:
Custom start date: Order closed by
From: 06/19/2014 12:40
To: 06/20/2014 05:59
I have already shown that Pip Drawdown calculated by Myfxbook isn't 100% reliable !!!
Custom start date: Order closed by
From: 06/19/2014 12:40
To: 06/20/2014 05:59
I have already shown that Pip Drawdown calculated by Myfxbook isn't 100% reliable !!!
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 16:53
CrazyTrader posted:
You can check Pip drawdown if you want:
Custom start date: Order closed by
From: 06/19/2014 12:40
To: 06/20/2014 05:59
I have already shown that Pip Drawdown calculated by Myfxbook isn't 100% reliable !!!
For your accounts it may not be, but for my accounts they have been very reliable. Oh well. Feel free to post the actual trade with the chart, that way we can tell when it was your entered. it will be very easy then to see if your pip-drawdown was less then 3. Yet, as I mentioned because you were only aiming for 3 pips, and if you held a position for more then 15 mins, those position alone have you giving the market more then 10 pips on avg.
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 17:08
Lol... you see. You are just implementing a new condition:
'as I mentioned because you were only aiming for 3 pips, and if you held a position for more then 15 mins, those position alone have you giving the market more then 10 pips on avg'
=> now the new formula is: Average Time vs Average Win vs Pip Drawdown.
Even if I do it then, you will add a new condition 'as mentioned'.
Well, The main goal for the competition is Global performance you know. I try to do your stuff just to load some difficulties to my challenge.
I'm a bit sceptical about your scalping performance... today was a good day, how come you grasp <= 1% ?
'as I mentioned because you were only aiming for 3 pips, and if you held a position for more then 15 mins, those position alone have you giving the market more then 10 pips on avg'
=> now the new formula is: Average Time vs Average Win vs Pip Drawdown.
Even if I do it then, you will add a new condition 'as mentioned'.
Well, The main goal for the competition is Global performance you know. I try to do your stuff just to load some difficulties to my challenge.
I'm a bit sceptical about your scalping performance... today was a good day, how come you grasp <= 1% ?
Jun 24, 2014 at 18:49
PureProfitNoRisk posted:...ibquasem posted:4.Do not trade on cross pairs at the beginning
Forex Trader3 mins ·
.All forex trader keep in mind following
1. Dont trade all time
2. Be specific and wait for perfect time....u will get chance at least 1-2 time daily
3. Dont left ur order open for tomorrow
5. You need a strategy
6.You need to keep on the strategy even when it goes wrong, in the end will be fine
7. You need someone to guide you, but definetly not the broker or someone broker recommend you
8.
9
10
....
101. PROFIT!
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 19:54
CrazyTrader posted:
Lol... you see. You are just implementing a new condition:
'as I mentioned because you were only aiming for 3 pips, and if you held a position for more then 15 mins, those position alone have you giving the market more then 10 pips on avg'
=> now the new formula is: Average Time vs Average Win vs Pip Drawdown.
Even if I do it then, you will add a new condition 'as mentioned'.
Well, The main goal for the competition is Global performance you know. I try to do your stuff just to load some difficulties to my challenge.
I'm a bit sceptical about your scalping performance... today was a good day, how come you grasp <= 1% ?
Crazy trader I am not adding conditions. I am meerly making an observation. If you are only aiming for 3 pips profit. Why would you hold a position for hours? Only to trail stop your profit at 3 pips. Scalpers who hold positions for hours typically have huge drawdowns. If you like give me the investor password of that account, and I will post the charts myself to prove what it is I am saying. Yes you had a bunch of winners, but the winners of 3 pips don't count if you had a drawdown of more then 3. Remember you had to gain 3 pips before you LOST 3 pips. That you said to me was 'very easy to do'. Well you still have not provided me with that information.
Focus on pip-drawdown
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 20:01
CrazyTrader posted:
Lol... you see. You are just implementing a new condition:
'as I mentioned because you were only aiming for 3 pips, and if you held a position for more then 15 mins, those position alone have you giving the market more then 10 pips on avg'
=> now the new formula is: Average Time vs Average Win vs Pip Drawdown.
Even if I do it then, you will add a new condition 'as mentioned'.
Well, The main goal for the competition is Global performance you know. I try to do your stuff just to load some difficulties to my challenge.
I'm a bit sceptical about your scalping performance... today was a good day, how come you grasp <= 1% ?
You can sceptical about my scalping all you want. Yet the good trades reveal that I am actually scalping. Take a look.
For every 1 pip I risked.... I actually EARNED 7! Those are the stats scalpers look to have. That means once they get in, they never CLOSE in red (depending on the tf they are using) So for that trade I used the 5m. So once the 5m closed, I never closed in red!
Załączniki:
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:02
I think I start to understand what you mean by 'LOST 3 pips' => You are not talking
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:04
* You are not talking about closing trade... but you talk about 'Minimum'
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:05
login 65016959
Investor password: wStLzTi
Investor password: wStLzTi
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 20:14
CrazyTrader posted:
* You are not talking about closing trade... but you talk about 'Minimum'
What I am saying is it doesn't matter if you close the trade in profit or loss. Remember pip-drawdown is calculated by the amount of pips you were losing in any given trade before it was closed. So you may of won 3 pips, but if before you won the 3 pips you lost 20 pips, then that is a failed trade
Focus on pip-drawdown
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 20:14
CrazyTrader posted:
login 65016959
Investor password: wStLzTi
When I get home I will log in and take some snaps so we can do a compare and contrast ok.
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:23
If you want... but you are going to compare something where I'm not supposed to be skilled.
If you want something to compare... here we go:
Here is an interesting drawdown: Happened today on GBPUSD this morning:
To me:
If you are a scalper and closes your wrong trades from 0 to 3 pips, then the Pip Drawdown isn't important for you because it will never so wrong.
Pip Drawdown could be important to look at if you day trading. So you can compare what in general you are ready to risk to reach your target.
If you want something to compare... here we go:
Here is an interesting drawdown: Happened today on GBPUSD this morning:
To me:
If you are a scalper and closes your wrong trades from 0 to 3 pips, then the Pip Drawdown isn't important for you because it will never so wrong.
Pip Drawdown could be important to look at if you day trading. So you can compare what in general you are ready to risk to reach your target.
Załączniki:
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:28
By the way... I still don't get where this 7 Pip Drawdown come from?
My reward is 3 times yours.
I prefer to care about Time profitable, Entry accuracy and especially EXIT ACCURACY.
My reward is 3 times yours.
I prefer to care about Time profitable, Entry accuracy and especially EXIT ACCURACY.
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 20:35
Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 20:46
Master_Kiwa posted:
Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.
Yes for sure...
I have traded this demo account like it was real money... otherwise i simply open 1 trade with 20 lots and i win the contest with 10 pips
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 22:04
CrazyTrader posted:Master_Kiwa posted:
Well that is just it CrazyTrader. Your in DEmo and I am in real. In demo you can take as high as a lot size as you can, because the money isn't real. Being that I am in trading in live, if I am going to take a 'high equity' trade, I would want that trade to have a low drawdown. Why? Because the lower the pip-drawdown the LOWER my dd% will be. My account is at 12k usd for example. If I want to wager say 8.00 lots. Would I do it in a formation which has a HIGH-drawdown? Or would I rather do it with a position which has a LOW-drawdown.
Yes for sure...
I have traded this demo account like it was real money... otherwise i simply open 1 trade with 20 lots and i win the contest with 10 pips
Well why haven't you deposited with real money then?
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 22:23
Because you said everyone could join demo or live ! ! !... you want me to Quote you?
And because you challenged me with 3 Pips Drawdown... So I got in the 'Dirty Girl Competition'
And because you challenged me with 3 Pips Drawdown... So I got in the 'Dirty Girl Competition'
Uczestnik z Apr 14, 2013
402 postów
Jun 24, 2014 at 22:29
Well I don't recall saying that, yet why don't you deposit in real account, and see how well it will go .
Focus on pip-drawdown
Uczestnik z Nov 21, 2011
1718 postów
Jun 24, 2014 at 22:59
Master_Kiwa posted:
Well I don't recall saying that, yet why don't you deposit in real account, and see how well it will go .
Well you should... ' as mentioned ' is one of your favorite sentence lately.
I remember saying I will create a special live account for this type of trading style only if i kicked your ass on the competition.
I have to warm a bit you know... you have been scalping for 11 years, and me I tried since 1 week!
