Prime (By arezab)
| Gain : | -97.79% |
| Drawdown | 103.90% |
| Pips: | 1365.0 |
| Trades | 386 |
| Won: |
|
| Lost: |
|
| Type: | Demo |
| Leverage: | 1:200 |
| Trading: | Manual |
Prime Discussion
forex_trader_4887
Member Since Dec 24, 2009
3 posts
Dec 24, 2009 at 23:20
Where did you see that? Cant see in overview because open are hided...
Member Since Sep 04, 2009
879 posts
Dec 25, 2009 at 01:47
Knortzsch posted:
Where did you see that? Cant see in overview because open are hided...
Das ist ganz einfach: Balance minus equity= open trades😝
forex_trader_4887
Member Since Dec 24, 2009
3 posts
Dec 25, 2009 at 10:13
Ohaa... arezab can you explain?
Dec 25, 2009 at 10:51
(edited Dec 25, 2009 at 10:56)
hahahaaa :-) don't worry so much guys .. this is not just a system of how to enter and exit a trade but also a system of how to manage the losing positions. By the way this is just nothing. If you look through my history you will find once I had a -72% draw down of my total equity. I handled that easily so I can handle this one with a -51% draw down too.
Trust me. I know what I'm doing.
... to Knortzsch: My open trades are hidden because I don't want somebody use them as live signals to open positions .. not because of my envy but because as you see this system uses special money management and therefore it's dangerous to play with if you don't know what you are doing. I can't take responsibility of someone's loss.
Thanks everybody for commenting.
Trust me. I know what I'm doing.
... to Knortzsch: My open trades are hidden because I don't want somebody use them as live signals to open positions .. not because of my envy but because as you see this system uses special money management and therefore it's dangerous to play with if you don't know what you are doing. I can't take responsibility of someone's loss.
Thanks everybody for commenting.
forex_trader_4887
Member Since Dec 24, 2009
3 posts
Dec 25, 2009 at 10:57
Okay I understand. Such a high draw down is very high risk.
Im not sure if someone else asked before me but do you managed account? I read that you dont selling signals.. cant understand why? Just because of the complicated mm and exits?
Im not sure if someone else asked before me but do you managed account? I read that you dont selling signals.. cant understand why? Just because of the complicated mm and exits?
Dec 25, 2009 at 12:18
(edited Dec 25, 2009 at 12:19)
Knortzsch posted:
Okay I understand. Such a high draw down is very high risk.
Im not sure if someone else asked before me but do you managed account? I read that you dont selling signals.. cant understand why? Just because of the complicated mm and exits?
I've been asked here privately several times to manage accounts but right now I'm not accepting because my system is still in final development phase and still needs to be fine tuned and for the same reason I don't sell signals right now.
I'll let everybody know when I'm ready to manage accounts or sell signals.
Member Since Sep 04, 2009
879 posts
Dec 25, 2009 at 13:25
arezab posted:
hahahaaa :-) don't worry so much guys .. this is not just a system of how to enter and exit a trade but also a system of how to manage the losing positions. By the way this is just nothing. If you look through my history you will find once I had a -72% draw down of my total equity. I handled that easily so I can handle this one with a -51% draw down too.
Trust me. I know what I'm doing.
... to Knortzsch: My open trades are hidden because I don't want somebody use them as live signals to open positions .. not because of my envy but because as you see this system uses special money management and therefore it's dangerous to play with if you don't know what you are doing. I can't take responsibility of someone's loss.
Thanks everybody for commenting.
72% DD ??? Why does myfxbook tell us about a DD of 7,27%??? Thats pretty misleading IMHO
Member Since Jul 31, 2009
1449 posts
Dec 25, 2009 at 13:44
pc8multifx posted:
72% DD ??? Why does myfxbook tell us about a DD of 7,27%??? Thats pretty misleading IMHO
pc8multifx, our systems currently measure drawdown based on balance and not equity.
We're working on a solution for this issue.
Member Since Jan 08, 2010
1 posts
Jan 08, 2010 at 19:57
arezab posted:
to stef ... I use the same trend lines concept for exit. Put a RSI 14 over chart and draw trend lines over them. On break of trendline you enter and on next break you exit. But it's not as simple as this. You must be able to read the chart correctly and compare the market's movements with RSI movements and decide about how to draw a trend line over the price and RSI. Not every trend line is correct.
Look .. this just depends on lots of screen time, starring at chart and 'Feeling' the market correctly. I don't know how to put it into words. This is just experience.
Thanks for sharing about your use of rsi trendlines. Since I read your advice I've been watching RSI trendlines for the past few weeks and it has been very helpful to my trading .
I wonder if you would be willing to talk some more about how you use RSI trendlines, and what what type of trend lines make a good trade. I realize it is too much to explain entirely, but any tips would be appreciated.
Thanks again for sharing.
Rob
Jan 11, 2010 at 21:28
novifu posted:
thanks arazeb,the system is a little risky ,but i am using rsi too,and my trading is better,thanks for your quickly answers too
regards
I admit my trading style is risky as I've said before because I trade counter trend but since this year I'm adding CCI (my old indicator) and using trend lines over it to confirm the trend line break on RSI. Using these two indicators, their patterns and finding a relationship between them and also paying close attention to divergences is going to help me fine tune my system.
forex_trader_4864
Member Since Dec 24, 2009
4 posts
Feb 09, 2010 at 06:05
(edited Feb 09, 2010 at 06:06)
Nice done, keeping lost is risky yes, but if balance hold until the price come back your are a winner. Alot of money managment into this. I also like trendline very much, but haven t include RSI approch on it.
I wish you the best and keep on good work!
Take care!
I wish you the best and keep on good work!
Take care!
Feb 09, 2010 at 13:19
Mike & Inzider,
Thank you for compliments. As you can see I have currently a big floating loss. One part of this system is a specific MM which tries to come out of losing positions with very small cumulative loss or if possible with 0 .
I've been working on this system for some times. This is a counter trend trading system so it's very dangerous to play with if you don't know the rules.
I'm thinking about fine tuning the system so that I can reduce the floating losses.
Thank you for compliments. As you can see I have currently a big floating loss. One part of this system is a specific MM which tries to come out of losing positions with very small cumulative loss or if possible with 0 .
I've been working on this system for some times. This is a counter trend trading system so it's very dangerous to play with if you don't know the rules.
I'm thinking about fine tuning the system so that I can reduce the floating losses.
forex_trader_4864
Member Since Dec 24, 2009
4 posts
Feb 25, 2010 at 14:02
Nice done if you have hold this down ride. Better watch out for next fall (alarm or pending orders). I don't see it lower that much from here but better be real prudent.
Wish you the best! Keep on the good job!
Wish you the best! Keep on the good job!
forex_trader_4864
Member Since Dec 24, 2009
4 posts
Feb 25, 2010 at 16:43
Beware, this could reach 1.5150, to break you then go back up.... Take care!
Feb 25, 2010 at 17:24
(edited Feb 25, 2010 at 17:27)
Inzider posted:
Beware, this could reach 1.5150, to break you then go back up.... Take care!
Thanks inzider. In fact the biggest mistake I've done that caused my equity collapse like this, was that I switched to higher time frames like H1 and then H4. I designed this system to work best on lower time frames like 3M and 5M in first days, in fact to be a scalping system. If you look at my progress in first days you will see my acceleration was much higher than the whole period. The rapid growth of my account in early days was a result of trading 2M chart ... then I decided to shift to +H1 because of my time constraints and because I had to leave my pc for a day or two.
Now I confess that my system doesn't work on higher time frames at all because it's designed to catch small fluctuations and not large waves. I consider this account dead even if this turns back up and I can keep it working. I'll open another account and test it only on 5M chart max. This is my decision.
forex_trader_4864
Member Since Dec 24, 2009
4 posts
Feb 25, 2010 at 22:35
Hi Azerb,
I been looking at your progression bc this been an amazing runs from your start capital and that I pratice kinda same tech.
Obviously you have something that work into this system, and on the other hands you need to fix orders that slip a little too far maby by hedging or several reverse pending at multiple level closing them at target.
I don't think you need to confess anything. I got no ptetention either. 1h/4h are good to get the large picture. Maby not for a sclaping approch. I use 1/15/1h/4h/daily personnaly.
Well I just wanted to alarm you a little when I saw that falling knife today... I hope you be able to keep it on the road until we reverse. If I can, I suggest you no being afraid of hedging the full thing until obvious sign of reverse. This could get 1.5050.
But, you are the master!
Take care!
I been looking at your progression bc this been an amazing runs from your start capital and that I pratice kinda same tech.
Obviously you have something that work into this system, and on the other hands you need to fix orders that slip a little too far maby by hedging or several reverse pending at multiple level closing them at target.
I don't think you need to confess anything. I got no ptetention either. 1h/4h are good to get the large picture. Maby not for a sclaping approch. I use 1/15/1h/4h/daily personnaly.
Well I just wanted to alarm you a little when I saw that falling knife today... I hope you be able to keep it on the road until we reverse. If I can, I suggest you no being afraid of hedging the full thing until obvious sign of reverse. This could get 1.5050.
But, you are the master!
Take care!
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
