TESTEA (de erica123)
El usuario ha borrado este sistema.
Discusión TESTEA
Aug 11, 2011 at 08:14
Vistas 835
6 Replies
Miembro desde Aug 31, 2011
posts 6
Sep 06, 2011 at 06:50
Wow that's awesome. Can you share what strategy you use?
Losing thrise on the same condition, currency in a short time is a moron
Sep 06, 2011 at 10:58
to be fair, the gains are not all that impressive - let me explain why.
myfxbook has 2 calculations, the gain and the absolute gain. The gain is calculated via INITIAL balance. So if you put in $100 into an account and trade for one day, and then put $5000 the next day, and continue to trade.
The way myfxbook will calculate gain will be based on the initial balance of $100 so if you make 1% on $5000, that is $50, but my fxbook will make that calculation as 50% because $50 is 50% of your initial $100 deposit. So you can make $50 for 10 days, and it myfxbook will calculate that gain as the account having grown by 500% even though we both know the actual gain on the account was really 10%.
A lot of marketers do that, and you should be aware of that. I am not trying to sell anything, so I don't mind letting you know about this somewhat little known fact. The absolute gain gives the value based on all deposits, but even that is not so accurate because if you make lots of deposits and withdrawals, it doesn't reflect properly. In order to evaluate a system, looking at % gain is a very small part of the overall picture.
Good luck and many pips to all!
myfxbook has 2 calculations, the gain and the absolute gain. The gain is calculated via INITIAL balance. So if you put in $100 into an account and trade for one day, and then put $5000 the next day, and continue to trade.
The way myfxbook will calculate gain will be based on the initial balance of $100 so if you make 1% on $5000, that is $50, but my fxbook will make that calculation as 50% because $50 is 50% of your initial $100 deposit. So you can make $50 for 10 days, and it myfxbook will calculate that gain as the account having grown by 500% even though we both know the actual gain on the account was really 10%.
A lot of marketers do that, and you should be aware of that. I am not trying to sell anything, so I don't mind letting you know about this somewhat little known fact. The absolute gain gives the value based on all deposits, but even that is not so accurate because if you make lots of deposits and withdrawals, it doesn't reflect properly. In order to evaluate a system, looking at % gain is a very small part of the overall picture.
Good luck and many pips to all!
Miembro desde Aug 31, 2011
posts 6
Sep 06, 2011 at 11:10
yes, but still it's still amazing. Care to share?
Losing thrise on the same condition, currency in a short time is a moron
Sep 06, 2011 at 16:18
Actually Erica(assuming that's your name=), I believe MyFXBook recently made some changes to how those Gain% are calcuated. Now the 'main-gain'% is the TWR, which is the most accurate and correct way to judge how much you've earned, so to speak. That means that it's all your percentage gains combined, at any given time, so that the balance at the time of the win/loss isn't reflected in the total Gain%. The Abs.Gain% however is how much your deposit/s has grown, so that number tends to get screwed up when you make a lot of deposit/withdrawals. Of course nothing is really 'screwed up' if you understand the number...
So actually your result is rather impressive(in my book at least), when you adjust it for the drawdown(which is all that matters when it comes down to it). But it's good to be humble. You never 'win' anything when it comes to trading=)
Judd.
So actually your result is rather impressive(in my book at least), when you adjust it for the drawdown(which is all that matters when it comes down to it). But it's good to be humble. You never 'win' anything when it comes to trading=)
Judd.
erica123 posted:
to be fair, the gains are not all that impressive - let me explain why.
myfxbook has 2 calculations, the gain and the absolute gain. The gain is calculated via INITIAL balance. So if you put in $100 into an account and trade for one day, and then put $5000 the next day, and continue to trade.
The way myfxbook will calculate gain will be based on the initial balance of $100 so if you make 1% on $5000, that is $50, but my fxbook will make that calculation as 50% because $50 is 50% of your initial $100 deposit. So you can make $50 for 10 days, and it myfxbook will calculate that gain as the account having grown by 500% even though we both know the actual gain on the account was really 10%.
A lot of marketers do that, and you should be aware of that. I am not trying to sell anything, so I don't mind letting you know about this somewhat little known fact. The absolute gain gives the value based on all deposits, but even that is not so accurate because if you make lots of deposits and withdrawals, it doesn't reflect properly. In order to evaluate a system, looking at % gain is a very small part of the overall picture.
Good luck and many pips to all!
Don't work hard, work smart.
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