NextLevelForex's Posts - Page 6

watch this video. can be interesting in Experienced Traders Jan 25, 2012 at 02:33

I also found out about that one just recently. And there is another trick: if you press SHIFT and hold it, BEFORE clicking the trade in the account history, and then you do the drag and drop, it will plot all closed trades for that currency pair. It's really useful to have this functionality built in, indeed.

PAMM - W.DP Profit in Trading Systems Jan 25, 2012 at 00:46

That's sad: -67 pips blew up the account.

Fast Forex Millions back and forward testing by Remus in General Jan 24, 2012 at 11:47

FXDD is what I consider an expensive broker, with very high spreads (2.2 on EURUSD, and above 4 one some of the other FFM pairs), while Pepperstone spreads are much lower.For the moment Pepperstone account is behind FXDD, but I expect the situation to reverse after a longer series or trades.

Fast Forex Millions back and forward testing by Remus in General Jan 24, 2012 at 06:40

I only used the default parameters (except for lot size, which I set to fixed 0.01).USDCHF had the worst overall performance (talking about the whole 2007-2011 timeframe). Disclaimer: I did not do USDCAD backtesting at all, so I am only comparing the other 4 pairs here. If you look at only the recent months, yes, the USDCHF performance was impressive, so you should look at longer periods, otherwise you'll get only a glimpse of the picture.GBPUSD had the second best performance over the whole period. And again, if you only look at the recent months, GBPUSD was flat.I think 90% quality is go...

Looking for Good Forex Traders To Trade My Capital in Experienced Traders Jan 24, 2012 at 05:56

"Sorry, but this system was deleted by it's creator."Any comments?

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 24, 2012 at 03:28

Weird, my watch list says account was deleted, but when I click on the above link it says the system is marked private.Which one is it? And may we know why?

04 - Fast Forex Millions in Trading Systems Jan 24, 2012 at 00:06

Btw, for the account balance I have now, these fixed 0.01 lots corresponds to about a risk 1.5% setting.

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 23, 2012 at 18:14

Thanks for the encouragement, mysonucat!Sure, sharing my findings is the idea. I'm started by looking for traders for my accounts, and I figured if I make this process public, it's a win-win-win situation:- traders/account managers get additional exposure, potentially gaining new clients- investors/people watching the thread benefit from my data gathering/filtering work- I see what other people think of the traders being reviewed, potentially helping me (and everyone else) discover unprofessional onesThis is a work in progress, so I don't expect me to announce something like "...

Fast Forex Millions back and forward testing by Remus in General Jan 23, 2012 at 17:22

Benni,It's looking OK from my perspective. Not great, but good enough to worth using it live in my account.I don't like that the sales page advertises Pips Expectancy much higher than what I got in the backtests (I did EURUSD from 2007 through end of 2011, and I did not get anywhere close to what they claim to be). I also don't like that they (the vendor) did not put up a real money account, to show the commitment behind the EA.However, I like that the EA passed the backtests for 4 of the 5 currencies (USDCHF is barely profitable from my testing), so I'm willing to risk 0.01 lo...

Fast Forex Millions back and forward testing by Remus in General Jan 23, 2012 at 17:14

Yes, the price feed will induce differences, and once people understand that, they will probably have the expectations set correctly (i.e. you cannot get all the same trades across brokers, but if the EA is based on a profitable strategy, the resulting expectancy will roughly be the same - discounting the spread, of course).Also, what I'm trying to show here is that the demo account (at FXDD) is not always getting better fills than the real one:http://www.myfxbook.com/members/NextLevelForex/fast-forex-millions-fxdd/228516http://www.myfxbook.com/members/NextLevelForex/fast-forex-millions-fx...

04 - Fast Forex Millions in Trading Systems Jan 23, 2012 at 16:57

I'm using fixed lot 0.01, which is my preference (using fixed lots over risk %).

Fast Forex Millions back and forward testing by Remus in General Jan 23, 2012 at 07:54

I'm done with all the backtests I wanted to do, but won't post them here, since Birt uploaded his backtests now, and they match mine (I checked the charts, as well as looked at a couple of individual trades):http://eareview.net/live-forward-test/fast-forex-millionsBottom line: forwards tests are going to tell us if the performance shown by the backtests can be sustained.

Fast Forex Millions back and forward testing by Remus in General Jan 23, 2012 at 07:27

Here is my real money account, trading with 1 microlot at FXDD:http://www.myfxbook.com/members/NextLevelForex/fast-forex-millions-fxdd-real/106578My theory is that the demo and real accounts will have super similar trades, since the price feed is the same and the fills are not going to be a problem for FFM (i.e. slippage will be minimal). So far we have only one trade closed in the new account, and that matches exactly the corresponding trade in the demo account:http://www.myfxbook.com/members/NextLevelForex/fast-forex-millions-fxdd/228516

04A - T in Trading Systems Jan 23, 2012 at 06:20

I'm sorry, where did you hear/read that I manage other people's money? Even if I was, with a 26% annual return for the combined portfolio (the 4 public accounts that later became 5) I had in my myfxbook profile, I would not be ashamed of that.Again, I'm not looking for clients, as in people to manage their money. The thread that I have about managed accounts is for me to find good trades to manage my money.

04A - T in Trading Systems Jan 23, 2012 at 05:18

I see. Well, there are two parts to the answer.I don't have the guidelines posted on the website, just in the newsletters. So I have a series of newsletters, that I started writing last year, when accounts 01 through 04 were started. And in those newsletters I said what I plan to do with these accounts. Basically it was a live experiment, and the accounts were the working material.The reason this account failed had less to do with the strategy, and more with the broker. I was tracking the same strategy in other accounts, and in the it came down to the fact that spreads at FXDD were consist...

04A - T in Trading Systems Jan 23, 2012 at 05:03

I replied to your original post (before you edited it). Now you ask about guidelines, and I'd like to answer that, but need you to be more specific in your question. Are you asking why I dropped the system traded there?

04A - T in Trading Systems Jan 23, 2012 at 05:01

What exactly do you mean? Because it's not updated? It was idle until today, will show some activity soon.It lost money throughout 2011, and now I'm going to use it to test a different strategy. (see above post)

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 23, 2012 at 02:42

Hi everyone,I love a lot of of Google's products, one of them being GDocs (Google Documents). It makes many things involving collaboration between multiple people super easy. Below is just one example.Because it is becoming increasingly difficult to keep track of the accounts posted in this thread, I put together a form that people can use, for submitting their REAL MONEY account for tracking:https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0The nice thing is that the form data gets published into a spreadsheet, and I can add my own d...

04A - T in Trading Systems Jan 23, 2012 at 02:30

As mentioned above, on Nov 29, 2011 I stopped trading the system exclusively traded here since account opening.Today, Jan 22, 2012, I started forward testing another system, so I'm going to set the Custom Start date to today.

Fast Forex Millions back and forward testing by Remus in General Jan 22, 2012 at 22:37

Yes, you are reading it correctly! And I checked again, now the market's been open for 35 minutes, but the account it's in the same state! Why is this happening to me!!? No trades, no doubling, no tripping! Maybe I should call my broker? :D:D:DI did not see any posts with this attitude on this thread, which is actually absolutely great, and felt the need to "fill in the gap" :)Anyway, I will take a break now, go outside and get some fresh air (we still have snow), and post more info later, or maybe tomorrow.

EURUSD	1.08672	GBPUSD	1.3013	AUDUSD	0.67
USDJPY	149.561	USDCAD	1.37765	USDCHF	0.86341

Posts by NextLevelForex