Show your profitable account here.
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 01, 2018 at 13:22
vzografos posted:togr posted:vzografos posted:togr posted:
profit to risk ratio is NICE
Hi, can you please indicate why this is so?
Thanks
Well monthly profit and max DD are almost equal which is very good
Also have a look at his risk of ruin tab. 1 losing trade (34% chance) of wiping out 10% of his account. 2 losing trades for 20% etc etc. I think he is leveraging a lot. I mean he only made 100 pips or so this month but that corresponds to 4% gain on the account. I wish he would show his trade lots, but I bet they must be pretty high for this kind of volatility
Risk of ruin is nonsense. It simply does not work.
Mar 01, 2018 at 13:22
Apologies for too many posts but let's be pragmatic.
It all depends what you are looking for. If what you are after is a huge growth-at-any-cost strategy that resembles playing in the casino by all means go for it. And surely use two numbers (growth, DD) as a measure.
But, (and I am in this school of thought) a moderate growth account with low DD that you can draw a periodic income (every month, every 6 months every year) then that is simply not possible with a huge DD. My way of thinking is that if you are trading for a living (not managing other acccounts) then you have bills to pay, other expenses and you need to eat. So it is important to be able to have a stable account that generates a steady income. That means low DD, low volatility, steady gains and always enough equity in case you need it.
Just my thoughts.
It all depends what you are looking for. If what you are after is a huge growth-at-any-cost strategy that resembles playing in the casino by all means go for it. And surely use two numbers (growth, DD) as a measure.
But, (and I am in this school of thought) a moderate growth account with low DD that you can draw a periodic income (every month, every 6 months every year) then that is simply not possible with a huge DD. My way of thinking is that if you are trading for a living (not managing other acccounts) then you have bills to pay, other expenses and you need to eat. So it is important to be able to have a stable account that generates a steady income. That means low DD, low volatility, steady gains and always enough equity in case you need it.
Just my thoughts.
We are all one trade away from humility
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 01, 2018 at 13:22
unlimitedgainsfx posted:
https://www.myfxbook.com/members/unlimitedgainsfx/profits/2440906
@unlimitedgainsfx
You had already made ONE trade. OH so much congratulations ;)
Mar 01, 2018 at 13:22
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 02, 2018 at 09:14
vzografos posted:togr posted:
Just take it from practical way.
If you wish to have lower DD e.g. 10% you can just adjust trade size so you get 10% DD and 10% monthly profit. These are great numbers regardless trading system on background.
The numbers might be great for medium to long-term profitability but they don't tell you anything about risk. And your original comment was about risk. Looking at all the other numbers of his trading system, it is obvious that it he takes too much risk which shows as high volatility in his account.
Do you realize the maximum risk He had ever took since SEP 2016 was below 30%. That is what max DD shows.
With half trade size you would made 13% monthly with max risk of 15%. That is pretty acceptable.
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 02, 2018 at 09:14
vzografos posted:
Apologies for too many posts but let's be pragmatic.
It all depends what you are looking for. If what you are after is a huge growth-at-any-cost strategy that resembles playing in the casino by all means go for it. And surely use two numbers (growth, DD) as a measure.
But, (and I am in this school of thought) a moderate growth account with low DD that you can draw a periodic income (every month, every 6 months every year) then that is simply not possible with a huge DD. My way of thinking is that if you are trading for a living (not managing other acccounts) then you have bills to pay, other expenses and you need to eat. So it is important to be able to have a stable account that generates a steady income. That means low DD, low volatility, steady gains and always enough equity in case you need it.
Just my thoughts.
Picture better than thousands words - I mean show me the account which fulfills those parameters
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 02, 2018 at 09:14
vzografos posted:
I wouldn't look at a single number to judge any account performance, let alone risk just by looking at drawdown vs profit. However, IF you want to do so yourself at least look at the proper numbers. Go to his DrawDown tab in
https://www.myfxbook.com/members/GLIFX/glifx-d-our-email-fxall24gmailcom/1798413 and look.
From July to December 2017 he has had between 37-67% drawdown, which is insane. At the same time he made around 1000 USD loss from a 8.4k balance (12% loss). If you dont think that this is risky I dont know what else.
67% DD is huge. The thing is how could he have 29% max DD ever then.
Thus the question is not if the account is good but whether MFB measures the DD properly.
Mar 02, 2018 at 09:15
togr posted:
Who is bigger fool :)
Actually I think you already answered that question.
But ok. You seem to believe that it is a great strategy and no matter what numbers people show you that it is too risk, you are obviously convinced otherwise. Fair enough!.
If you are so certain about the stability of his system why dont you invest a few thousand with him and then you can have great returns too.
We are all one trade away from humility
forex_trader_500030
Medlem sedan Feb 23, 2018
15 inlägg
Mar 02, 2018 at 09:21
togr posted:sheshwan posted:JohnSpehl posted:olla posted:OutsideTheBoxHK posted:
This is what I keep saying and noticing over and over again.
The good traders and their systems get buried on page 10 to 20 because the ranking system only takes note of the last 3 months trading performance, thus placing far too much weight on new accounts.
So this fact is abused by those who would seek to blindly and unrightfully profit from it even when they are not good traders or have a good record.
See my track record, which is now ranked at #367, far too low for what I have achieved over 12 months of hard work.
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437
Yes, OutsideTheBoxHK, you're looking good! To be #367 out of many thousands, is good! Well done!
That's pretty baller.
This is terrible. How do you suppse its good?
You really think that avg monthly profit is close to max DD? Just look at the trading history. He made the bulk of his profits in the first 4 months. Since June he has been making 6% on 26% DD. You guys should really know what you are seeing and look at actual results. If you invest here, you will be risking 20%+ to make 5% monthly. Is that really good in your opinion???
I do make my assumption based on all history
You made it based on part of it.
Who is bigger fool :)
From my post you concluded that I called you a fool? I just corrected you, thats all.
Besides, you made your assumption based on full history which is obviously not representative. How is it possible you are making 50-100% monthly in the first 4 months and then 6% monthly for the next 8-9 months? It cant get more obvious than that. You are very sloppy if you did not notice that.
There are thousands of accounts on myfxbook using the same tactic. They invest small at first, trade with high risk and after a few months if account is still alive, start trading with lower risk. That way the account looks way better than it really is and investors cant expect the same average returns in their wildest dreams.
If you want to call yourself a fool for not recognizing it, go ahead. I think you are just sloppy. But I must say I am surprised since you seem to consider yourself the authority on all Forex trading matters. I expect you to be much sharper in evaluation of trading accounts.
forex_trader_501187
Medlem sedan Feb 28, 2018
10 inlägg
Mar 02, 2018 at 09:37
togr posted:unlimitedgainsfx posted:
https://www.myfxbook.com/members/unlimitedgainsfx/profits/2440906
@unlimitedgainsfx
You had already made ONE trade. OH so much congratulations ;)
20 trades made actually, and yes Thank you.
Medlem sedan Aug 27, 2017
994 inlägg
Mar 02, 2018 at 14:59
Canlove posted:
Check it out https://www.myfxbook.com/members/Canlove/canlove/2431834
Did you crash your whole balance in the last week of January?
keeping patience.......
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 02, 2018 at 15:01
vzografos posted:togr posted:
Who is bigger fool :)
Actually I think you already answered that question.
But ok. You seem to believe that it is a great strategy and no matter what numbers people show you that it is too risk, you are obviously convinced otherwise. Fair enough!.
If you are so certain about the stability of his system why dont you invest a few thousand with him and then you can have great returns too.
I dont need to invest to his system as I posses my own profitable system which I trust
My point was that strategy is better then many others posted here
Mar 02, 2018 at 15:02
unlimitedgainsfx posted:togr posted:unlimitedgainsfx posted:
https://www.myfxbook.com/members/unlimitedgainsfx/profits/2440906
@unlimitedgainsfx
You had already made ONE trade. OH so much congratulations ;)
20 trades made actually, and yes Thank you.
with TWO days of trading history ... you just HAD to jump on a hot thread without even bother to read what it was all about ..
*slow clap*
Mar 02, 2018 at 15:08
forex_trader_500030
Medlem sedan Feb 23, 2018
15 inlägg
Mar 04, 2018 at 07:55
togr posted:vzografos posted:togr posted:
Who is bigger fool :)
Actually I think you already answered that question.
But ok. You seem to believe that it is a great strategy and no matter what numbers people show you that it is too risk, you are obviously convinced otherwise. Fair enough!.
If you are so certain about the stability of his system why dont you invest a few thousand with him and then you can have great returns too.
I dont need to invest to his system as I posses my own profitable system which I trust
My point was that strategy is better then many others posted here
Maybe you should consider investing with some trader as the systems that you have are nothing more than very average. The best strategy out of 30 you have posted is not much better than the average strategy posted on this thread. Besides, you use mostly brokers that are a joke and no serious trader would use. If I were you, I would focus more on trading than posting on this forum. Looks like you spend too much time here instead of trying to improve your average trading skills. Cheers mate
forex_trader_501187
Medlem sedan Feb 28, 2018
10 inlägg
Mar 04, 2018 at 07:55
ronin75 posted:unlimitedgainsfx posted:togr posted:unlimitedgainsfx posted:
https://www.myfxbook.com/members/unlimitedgainsfx/profits/2440906
@unlimitedgainsfx
You had already made ONE trade. OH so much congratulations ;)
20 trades made actually, and yes Thank you.
with TWO days of trading history ... you just HAD to jump on a hot thread without even bother to read what it was all about ..
*slow clap*
I am sorry if you found my post not suitable for this thread.
Mar 04, 2018 at 07:56
Medlem sedan Sep 12, 2015
1948 inlägg
Mar 04, 2018 at 14:54
I don't get why Traders are posting accounts with bigger average losses than winning trades,do they not understand the basics of trading/money management?
"They mistook leverage with genius".
forex_trader_500030
Medlem sedan Feb 23, 2018
15 inlägg
Mar 04, 2018 at 15:41
snapdragon1970 posted:
I don't get why Traders are posting accounts with bigger average losses than winning trades,do they not understand the basics of trading/money management?
Average loss vs avg winning trade is not really important if other aspects of money management are respected. If you think thats the only aspect of money management then your view of it is very simplistic. There are plenty long term profitable accounts which, by your logic, should already be wiped out long time ago.
