FxMasterGuruの投稿 - 60ページ

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 26, 2014 at 06:17

If you have a strategy with a Monthly Profit/Max.DD ratio at least at 1:1 (preferable at 2:1 or better) for at least 8-10 months, then you can scale the strategy to reduce the DD <5%. You may become millionaire a little bit later, but at least you can sleep better.In other words the DD itself does not matter on any showcase account, as any strategy can be scaled down to fit one's individual risk tolerance. What really matters is the Monthly Profit/Max.DD ratio.

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 26, 2014 at 03:26

Yes, I totally agree. Personally I would not risk more than 5% DD if I traded with more than 100k on my account.

Brokers - Why do we still pay spreads? 一般の中 Jan 25, 2014 at 01:31

The establish a brokerage would need more substantial funds than 10k. As far as I know the start-up cost is around 50k USD.Boston Technologies offers all the logistics and has a pre-made Business Plan, too: http://www.bostontechnologies.com/solutions/solutions-to-start-your-own-brokerage/Another similar professional service to take care of the details: http://www.yourownbrokerage.com/start-your-own-online-forex-brokerage-firm/And one more: http://www.piplinx.com/complete-broker-solution/broker-in-a-box/It seems that there are many firms specializing in serving clients with the idea of own Fx b...

Brokers - Why do we still pay spreads? 一般の中 Jan 24, 2014 at 23:38

You can count on me as one. I am interested. Are you willing to draft a business plan?

Brokers - Why do we still pay spreads? 一般の中 Jan 24, 2014 at 22:46

The biggest challenge would be finding 10-20 consistently profitable traders, who have liquid assets to ground such an operation AND who would still be around after 6-12 months.And of course, all 10-20 of them would have to trust each other to form a company. Another challenge.Nevertheless, the idea is excellent.

Is forex gambling? 経験豊富なトレーダーの中 Jan 24, 2014 at 22:36

Well said! Totally agree.

Brokers - Why do we still pay spreads? 一般の中 Jan 24, 2014 at 05:02

In theory it is a good idea.The main issue here is that establishing a brokerage company is pretty costly, requiring significantly larger sum than the 10k per month cost mentioned above.Nevertheless, 10-20 interested traders - most likely ones with stable winning strategies - might be able to pull it off. The practical aspects of such an enterprise would be a definite challenge as it would require complete strangers to trust each others.

Brokers - Why do we still pay spreads? 一般の中 Jan 24, 2014 at 02:18

Yes, you are right. Brokers could go lower with commission and actually they go lower, but only for the big guys. From a reliable source I know about a reputable broker offering 0.2 pips ECN commission for its instituational client. In other words, whatever we pay above 0.2 pips/lot is an extraprofit for the broker.I also wonder why none of the hundreds of brokers would embrace the above outlined business model...

Brokers - Why do we still pay spreads? 一般の中 Jan 24, 2014 at 01:32

Establishing a brokerage is a pretty costly enterprise, not to mention the maintenance costs. I guess brokers need to charge some fees to cover their expenses and to make some profits for their investment in the business. What is wrong with it...?

Is forex gambling? 経験豊富なトレーダーの中 Jan 24, 2014 at 01:22

Well, it is a definite advantage to be a "wholesaler" (bank) on a market where there are plenty of retail shops (brokers) and customers (traders). The service provided by banks on the Forex market is a service similar to one casinos provide to gamblers.I agree that banks (as casinos) cannot be beaten, but who wants to beat the banks (casinos)...?

Is forex gambling? 経験豊富なトレーダーの中 Jan 24, 2014 at 01:05

I disagree with the "no one" wording.There are constantly profitable private traders. The fact that they don't advertise themselves on MyFxBook does not mean that they don't exist.

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 22, 2014 at 02:02

DD is a significant psychological component of trading. In case you trade with large enough funds to make a decent living with, then probably you would not tolerate larger than 20% DD. I guess, you would start jittering at 10% already.So - in my opinion - any strategy is useless for the purpose of making a living which has a >20% DD. These strategies are good only as HOBBY activities and to show off on MyFxBook.

Broker's Game ATC 取引システムの中 Jan 21, 2014 at 03:56

Oooops... Did not last long...

Do you have a winning EA? プログラミングの中 Jan 13, 2014 at 06:03

Bring it on! Show us the (real) money! Be The MAN!

Do you have a winning EA? プログラミングの中 Jan 12, 2014 at 04:23

If it so good ("very sound") strategy, then why not risk 100 USD and run it on a LIVE account...? Good question, isn't it...Oh, got it! You are waiting for investors to risk THEIR monies... It makes sense...

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 12, 2014 at 04:19

Well, the "Forex cemetary" is full of the corpses of strategies with an initial winning series of 4-6 months, after which they just fail REALLY badly, wiping out most of their profits within weeks. (Of course, there are numerous potential reasons why a stragy could fail after 4-6 months of stable profitablity.)To consider a strategy robust and stable, in my opinion IT DOES MATTER how long the strategy has been traded, as TIME would allow to assess how well the strategy can deal with different market scenarios or how stable the traders psychological setup is (among others factors). An...

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 11, 2014 at 00:26

The history of this strategy is only 2 months old, it is too early to make any well-founded statements about it.

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 10, 2014 at 13:49

Well, actually I do not see "traders banking 6000% profit in Forex". Not even 600% (with decent DD, which means that the max. DD is not larger than the average Monthly Profit). Of course, we don't talk about arbitrage DEMO accounts or fancy Martingales. Do we?So far the only legit strategy fulfilling this thread's specifications has been quoted by @stevetrade (which strategy is running at a no-name, non-regulated Russian broker).The other option is that those 6000% Forex traders are quietly doing their job far from MyFxBook. Which is possible. However, they are only "San...

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 10, 2014 at 09:19

Each losing trade teaches about something important, and by using these lessons, it is possible to avoid larger losses. It is just a question of context. By embracing the unavoidable losses this way they can be our friends. Also, losses are just part of the game in a statistical equation, so to stay in the game, one has to get used to them.As someone has stated it well: "Take care of your losses and your profits will take care of you."

5% average monthly profit for at least 2 years (with less than 25% max. DD) 経験豊富なトレーダーの中 Jan 10, 2014 at 07:51

Yes, I concur with Donex. I was just looking at it myself. I have opened the broker's site and it is a "no name" non-regulated Russian broker... Oh, well... No more comment.@Donex: "Hate your losers more than you like your winners" - Well, personally I do like my losers a lot, as they teach me more than my winners.

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