Show your profitable account here.
Členom od Nov 27, 2015
107 príspevkov
Apr 26, 2018 at 00:56
BluePanther posted:fxinvesta posted:soulmysoul posted:
https://www.myfxbook.com/members/soulmysoul/slow-steady/2506788
- Top tier broker
- Fully verified account
- No Martingale, Grid, Scalping, Arbitrage strategy
- Monthly profits between 10-30%
- DD as low as possible, never over 15%
For many it might be small percentage gain, but the people who are long enough in this business will know its DD instead of profit which counts in the end.
Please, tell the people who know a lot about this, explain to us that we do not know anything, if the maximum DD will be 15%, why not only open the account with 15% of what they really want to invest, so they do not have 85% of the money stopped uselessly
Sorry, the way I read your question seemed like you were being a smart arse. Please improve your English skills to prevent such a misunderstanding.
Maybe you are sincere in your question? Perhaps you do not realise you need to have available margin beyond the margin your broker requires for your open positions?
The reason is to reduce the risk of a margin call - where the broker will force-close your positions and you may lose your entire account. Please refer:
Link 1: https://www.babypips.com/learn/forex/margin-call-exemplified
Link 2: https://www.investopedia.com/university/margin/margin2.asp
I am in no position to elaborate. You are also a George Soros compared to me. 😎
Your results are amazing, considering your lack of knowledge and yet many years' experience. I am honestly impressed. You are a born trading prodigy. Congrats to you also sir! 😎
https://www.myfxbook.com/files/BluePanther/Clipboard01_PN.jpg
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Risk comes from not knowing what you're doing.
Členom od Jan 25, 2010
1360 príspevkov
Apr 26, 2018 at 01:03
(upravené Apr 26, 2018 at 01:33)
fxinvesta posted:
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.
Yes, good English is not a prerequisite for good trading. Understood.
I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.
Thank you, move on. Please.
Členom od Nov 27, 2015
107 príspevkov
Apr 26, 2018 at 05:01
BluePanther posted:I never published an image, you published images ... Once again I insist, I am a trader not a psychiatrist, I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit, please let's talk about trading, not about personal frustrations ... And calm, I read this thread, because automatically registered, I immediately unsubscribe, and I leave you the forum, I apologize is that sometimes, when I read a stupid, I fall into the temptation to question, I will not do it again , regardsfxinvesta posted:
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.
Yes, good English is not a prerequisite for good trading. Understood.
I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.
Thank you, move on. Please.
Risk comes from not knowing what you're doing.
Členom od Jan 25, 2010
1360 príspevkov
Apr 26, 2018 at 05:33
(upravené Apr 26, 2018 at 05:53)
BluePanther posted:
Thank you, move on. Please.
fxinvesta posted:
...please let's talk about trading, not about personal frustrations ...
We are in agreement. Please do so.
fxinvesta posted:
I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit
Was my answer unsatisfactory? Please PM him and be sure to share the answer here. Thanks!
Členom od Mar 09, 2018
143 príspevkov
Apr 26, 2018 at 06:32
BluePanther posted:sjkhaushu posted:BluePanther posted:robertvolta posted:mmltd posted:
You are always in a huge drawdown...closing winners for a few pips and letting the losers run for a long time...all I see is a gambling account.
Thanks for the feedback and your opinion. The live results are almost identical to back testing and demo. A running drawdown was expected.
Good to see someone that takes 'negative' feedback and disparaging comments in a positive manner. With an attitude like yours, I'm certain you will succeed one way or another.
Each to their own strategy/system. Don't ever let the losers (trades and people) bring you down! 😎
HODL as applied to forex. Well done so far, sir! 😁
What are you talking about? It has been a year since the account started and the account hasnt made any money. In fact the equity is is at about -2%. How can you say well done if there has been no profit for a year? If you believe what you said, you have very low standards...
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been 'successful' in other respects? Success is not always measured in 'dollars profit' but many other metrics: 'dollars lost' for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The 'wooden spoon' for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
Členom od Jan 31, 2017
206 príspevkov
Apr 26, 2018 at 06:45
AniLorak posted:Pikasso posted:
100% algo, no martingale, no grid. The strategy can be followed on darwinex strategies exchange with 20% performance fee only.
https://www.myfxbook.com/members/Pikasso/scr/1997123
See description.
Yes, it’s an old account, really appreciated. But the return is not much attractive.
What rate of return is attractive for you ? Give me the link to account with attractive return please.
Trading system developers and strategy providers.
Členom od Sep 22, 2017
18 príspevkov
Apr 26, 2018 at 06:50
Is Myfxbook.com chat made mistake here:
How could equity down to minus -500%? and the account still alive?
https://www.myfxbook.com/members/YuTsai/hedge8/2264339
😀
yu.caiyu.tsai@
Členom od Sep 22, 2017
18 príspevkov
Apr 26, 2018 at 06:52
I have to say Myfxbook.com did a great job with its system.😄
yu.caiyu.tsai@
Členom od Sep 16, 2016
31 príspevkov
Apr 26, 2018 at 07:00
fxinvesta posted:BluePanther posted:I never published an image, you published images ... Once again I insist, I am a trader not a psychiatrist, I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit, please let's talk about trading, not about personal frustrations ... And calm, I read this thread, because automatically registered, I immediately unsubscribe, and I leave you the forum, I apologize is that sometimes, when I read a stupid, I fall into the temptation to question, I will not do it again , regardsfxinvesta posted:
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.
Yes, good English is not a prerequisite for good trading. Understood.
I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.
Thank you, move on. Please.
Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.
' I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,'
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?
Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.
Členom od Apr 03, 2018
16 príspevkov
Apr 26, 2018 at 07:02
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?
I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.
If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?
I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.
If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?
Členom od Jan 25, 2010
1360 príspevkov
Apr 26, 2018 at 07:03
(upravené Apr 26, 2018 at 07:30)
sjkhaushu posted:BluePanther posted:
Your assessment of his performance is clear and true. I appreciate your perspective.
However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been 'successful' in other respects? Success is not always measured in 'dollars profit' but many other metrics: 'dollars lost' for example, and consistency another.
You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.
He is also successful in fulfilling the criteria better than many other attempts in this thread:
1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)
And on those points he deserves to be congratulated don't you agree? 😉
The 'wooden spoon' for profits; gold medal for everything else. 😄
Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.
But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.
May I beg to differ?
1. I do not see 'profitability' on the list of criteria - though I do note the title of this thread 'Show your profitable account here.'
2. 'If there is no profit, all other criteria fulfillments are useless.' I agree, but THERE IS PROFIT (albeit the current drawdown negates that).
3. 'Lies, damned lies, and statistics.' Meaning, do not put too much faith in the numbers - numbers can be interpreted in various ways.
I appreciate you summarising his true account's performance - it has basically gone nowhere since inception when taking drawdown into account. Now, I most certainly agree with you ON THAT. And I thank you for pointing this VERY IMPORTANT fact out - good observation Sherlock Holmes. 😎
Členom od Jan 25, 2010
1360 príspevkov
Apr 26, 2018 at 07:16
(upravené Apr 26, 2018 at 07:29)
soulmysoul posted:fxinvesta posted:
I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit...
Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.
' I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,'
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?
Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.
Hope that satisfies his question. Thanks for clarifying this.
soulmysoul posted:
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?
Hmm... yes, 100% of available margin? NO ROOM FOR ERROR!!! 😁
Členom od Jan 25, 2010
1360 príspevkov
Apr 26, 2018 at 07:38
(upravené Apr 26, 2018 at 07:41)
chesterjohn posted:
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?
mql5.com says:
'...if the equity is less than the balance value, it means that the trading account is having a drawdown or unrecorded loss.'
Link 1: https://www.mql5.com/en/articles/2704#drawdown
Link 2: https://www.babypips.com/learn/forex/drawdown-and-maximum-drawdown
Členom od Feb 22, 2011
4862 príspevkov
Apr 26, 2018 at 09:49
Guys stick back to forum topic.
Členom od Feb 22, 2011
4862 príspevkov
Apr 26, 2018 at 09:49
chesterjohn posted:
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?
I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.
If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?
DD is actual loss of your open positions.
Measured in percentage of loss vs. balance.
So if you have 10,000 account and your open trades profit is -5,000 you are facing 50% DD.
Členom od Sep 24, 2016
6 príspevkov
Apr 26, 2018 at 09:53
My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox
Členom od Apr 18, 2017
718 príspevkov
Apr 26, 2018 at 10:11
TraderJP posted:No doubt, it’s a profitable journal, but I think you should more concern about your consistency.
My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox
Členom od Feb 22, 2011
4862 príspevkov
Apr 26, 2018 at 10:40
TraderJP posted:You DD is too high.
My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox
Členom od Nov 21, 2017
8 príspevkov
Apr 26, 2018 at 12:59
AmDiab posted:TraderJP posted:No doubt, it’s a profitable journal, but I think you should more concern about your consistency.
My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox
nice system but try to be transparent about all detail.
Great
PLAN YOUR TRADE AND TRADE YOUR PLAN
Členom od Nov 27, 2015
107 príspevkov
Apr 26, 2018 at 16:44
soulmysoul posted:fxinvesta posted:BluePanther posted:I never published an image, you published images ... Once again I insist, I am a trader not a psychiatrist, I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit, please let's talk about trading, not about personal frustrations ... And calm, I read this thread, because automatically registered, I immediately unsubscribe, and I leave you the forum, I apologize is that sometimes, when I read a stupid, I fall into the temptation to question, I will not do it again , regardsfxinvesta posted:
PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance
Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.
Yes, good English is not a prerequisite for good trading. Understood.
I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.
Thank you, move on. Please.
Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.
' I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,'
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?
Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.
Yes, I agree, I always understand everything wrong, but ... it works for me.
Only some points:
1) I trade for money not to sleep in peace
2) The DD is in a single trade or do you have several signals at the same time?
3) The DD is on the money deposited, was the account ever negative?
4) If you lose 5% in 5 operations, your account lost 25% of money, but your DD is 5% and your sleeping happy ...
5) and most importantly, I open an operation with motives, and I only close it if those reasons no longer hold.
But you already know, I understand everything wrong, but once again, it works for me
Risk comes from not knowing what you're doing.
