FxMasterGuru's Posts - Page 71

Alpscalp in Trading Systems Mar 25, 2013 at 16:16

Happy trading...? I don't think that it is very happy. -69% DD... Ouch...!!69% DD means that if each trade had been entered in the opposite direction and left running with the same strategy the account would be up with 69% profit with a -51% max. DD over the 4 weeks. Just a simple idea: Why not just do the exact opposite what the strategy suggest...?

What is your dream when you are successful in forex? in General Mar 17, 2013 at 14:54

The profit/loss graph on the mentioned page is the same exact as on MyFxBook, showing a sharp equity and balance loss to baseline...

What is your dream when you are successful in forex? in General Mar 17, 2013 at 12:23

You are SO-SO funny...!! Your MyFxBook results show -0.85% monthly LOSS with a -52.13% max. drawdown...A very optimistic approach to start a PAMM account and to share your "SUCCESS" with the investors of the world. Come on...!!!

Is forex gambling? in Experienced Traders Mar 17, 2013 at 11:26

David! Are you serious...?99.68% drawdown on your previous real live account... (http://www.myfxbook.com/members/Forex4you/controller-risk/456167) And NOW, your are letting the world know about your NEW startegy which has been working for 2 weeks... Wow!! Two weeks already...??!!! Come on, Man...! If you mentioned 2 YEARS, then you MIGHT be having something good going on. You are the most optimistic trader on MyFxBook! Well, never give up!!P.S. The Russian-English Google translator is a little bit rusty...

Runic Forex Model 3 in Trading Systems Mar 16, 2013 at 22:04

Is it the same system as advertised on HotForex under the name of Phoenix Capital Management?If yes, the DD is very different there, as probably HotForex does not register floating drawdowns.

Is forex gambling? in Experienced Traders Mar 16, 2013 at 16:16

Even the cavemen traded in the caverns...! Mammuth teeth for stone hammer...So trading might be the oldest activities (professions) of the world, except for another one (which I don't want to name).Anyway, trading is essential and inherent part of mankind and its history. What is more interesting that nowdays we are selling and buying "futures" and "options", which are really weird creatures of the commodity trading world as what is traded with options does not even exist.Bottom line: risk is also an inherent part of trading, so you can call it gambling, but I prefer to...

berezhnoi in Trading Systems Mar 13, 2013 at 16:05

Probably because he has enough clients and more money than Bill Gates and Warren Buffett combined... He does not care about small investors like us. That how it is.Although my live, verified strategy with a regulated broker (Pepperstone) does not have such a long history as Mr. Berezhnoi's, both the average monthly profit and the max. drawdown are better than his. And I do respond to questions...http://www.myfxbook.com/members/FxMasterGuru/morningstar-i/407015

berezhnoi in Trading Systems Mar 12, 2013 at 14:55

How do you know...?

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 12, 2013 at 14:52

Yes, that is correct. The absolute monthly gains vary, so the 10% average monthly profit is really just a projection of what one might expect, as within 2 months the monthly average gain could be 5% or 15% depending on how the EA will perform from now on.So at best we can say that this EA is likely to produce an average of 10% profit per month. To assess the likelihood of achieving this average 10% in the future, we should really know the probability factor of it, i.e. the so-called "p value", which is unfortunately not available through MyFxBook.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 12, 2013 at 13:02

1. I make regular deposits because I trust this automated strategy more and more.2. The fact that funds are added regularly to this account has absolutely no effect on the percentage gain of the strategy itself. For example: if the EA makes 10 USD profit on 100 USD deposit (using 0.01 lots) it is the same 10% profit as when it makes 100 USD profit on 1000 USD using 0.1 lots (i.e. with the same leverage). So adding money to an account will not change the percentage performance of the strategy.3. Reinvesting profits is the same thing as realizing (withdrawing/cashing) profits from the account an...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 12, 2013 at 08:49

MyFxBook does calculate the results correctly. The explanation behind the mentioned "virtual" discrepancy is that you considered your assumption about the starting account size as an axiom, so unfortunately all further conclusions were faulty.This account was started with 250 USD(!) and it has been gradually increased to the current 3250 USD deposit. Yes, if I had started my account with 3250 USD, then the balance should be 5200 USD. But I did not. So the 10% monthly profit calculation by MyFxBook is absolutely correct.P.S. I will not charge $500/hr for this clarification... :o)

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 12, 2013 at 07:19

Well-built bots don't have bad habits...They don't get tired...They don't get greedy...They don't have fear...Just as an example: safe 8-10% (non-reinvested) monthly profits by a bot on a real account with a regulated broker (Pepperstone) and using only 1:10 leverage: http://www.myfxbook.com/members/FxMasterGuru/morningstar-i/407015

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 10, 2013 at 20:58

Come on! Another DEMO account touting itself. Grow up, Man! If you don't risk even 100 REAL USD of your OWN money then how would you expect "TOP investors" risking their monies and paying for your services??? Don't you see how ridiculous it is...???Please, please: risk at least 100 REAL USD of your OWN money, trade with it for at least 3-4 months and THEN show us what you have. And THEN investors might consider paying for your services. It is just not nice to SCAM naive noobs...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 08, 2013 at 08:41

20 million DEMO dollars. Fantastic! Can I see your DEMO BMW and your DEMO yacht?Come on! Invest at least 100 USD (of those 20 millions) to prove the strategy on a real account...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 07, 2013 at 20:56

Well, drawdown is too large for any serious investment. No big investor would consider investing in a strategy with higher than 10% DD. It is a simple fact. On the other hand, if you decided to run your strategy with significantly lower leverage, then it might be interesting.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 07, 2013 at 20:47

Come on! Another DEMO account showing fantastic profits and claiming "big investments".If you don't trust your own strategy to run it on 100 USD real money, why are trying to recruit people...? Probably we all know the reason very well...If you want credibility, invest a few hundred or better: a few thousand dollars of your own REAL money and THEN show the world what your strategy is capable of. Until then it smells like SCAM.

Alpscalp in Trading Systems Mar 07, 2013 at 19:17

I wonder why there have been no trades for the past week. It is very unusual from a scalping system.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Mar 01, 2013 at 17:06

Nice start, Owen! Good monthly profit with acceptable DD.I have been through my "nerves" period and numerous trading psychology books. Eventually I settled working with just EAs. No emotions, no anxiety and much more free time.

BMMAX PVY in Trading Systems Mar 01, 2013 at 09:59

Good observation. If such an excellent scalping opportunity really existed, nobody would sell it, but become a Billionaire from it within a few years.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Feb 28, 2013 at 21:58

Results look good, on the other hand, the pretty steep 40% management fee (+ income taxes) don't not leave much money left for your clients. Considering the average 4% monthly profit, your clients would pocket only about 1.6% per month, i.e. about 19% per year.Although 19% profit per year is not bad, in "Forex-scales" it is "small change". Just to support my statement with a real example, my EA makes 19% in less than 2 months: http://www.myfxbook.com/members/FxMasterGuru/morningstar-i/407015.

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