FxMasterGuru's Posts - Page 21

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Nov 02, 2016 at 23:42

SERIOUSLY...? REALLY...?Which is the ""interesting approach"" part of it...? Maybe the ""protecting the account as a primary goal"" - as mentioned?http://www.myfxbook.com/files/FxMasterGuru/RMM_J2.JPG

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Nov 02, 2016 at 12:33

This is a revival attempt of a thread I started back in 2013... It is interesting to check out all those strategies which had claimed to fulfill the requirements over the past 3.5 years...

USGFX in Trading Systems Nov 02, 2016 at 04:09

Obvious tick scalper (and possibly arbitrage) strategy...Such strategies are destroyed by B-booking brokers' ""virtual dealer plug-ins"" sooner or later. Usually sooner.And unfortuantely they simply do not work with real ENC/STP A-booking brokers, as their spreads are not "padded" with thin liquidity as seen at pseudo-ECN brokers (incl. ICM, Pepperstone).If such tick-scalper strategies worked so well with real ECN A-booking brokers at 588.08% average monthly profit and with only -9% max. DD, who on Earth would be selling such an EA instead of betting the house...

Robotic Trading VS Manual Trading in New Traders Nov 02, 2016 at 02:52

You are right Carlos, if one has the ability to remain cool in the decisive moments and make the right choices:1. Hold...?2. Liquidate...?3. Add...?4. And when to do that...?Even after reading numerous trading psychology books, I had to come to the conclusion that when I see 3-digit profits and losses vibrating on my platform, I just cannot make the right deicision. (Although I am OK handling two-digit vibrations on the P&L, but I would not make a living from such conservative trades.)So I have become a "Robo Trader" as reflected by my Avatar picture on the left. Since then ...

Very slow VPS in General Nov 02, 2016 at 02:34

Yes, CNS VPS seems to be the most cost effective. I have been using them for about 5 years on and off as my secondary VPS. I have tried many cheaper alternatives, but eventually I have always ended up with CNS.Currently I am live testing UltraFx VPS because of their hyperfast (0.3 ms) connection to my new UK-based broker (VARIANSE) and also because my automated strategy is somewhat speed sensitive.

What do you wish to achieve through forex? in New Traders Nov 01, 2016 at 07:32

You are right about that, Rob.It takes time to realize - and appreciate - that surviving is already a major success.

How to build a good trading strategy? in General Nov 01, 2016 at 04:59

I suggest browsing ForexFactory.com and picking up some good books:1. Market Wizards (by Jack Schwager)2. The New Market Wizards (by Jack Schwager)3. Reminiscences of a Stock Operator (by Edwin Lefèvre)4. Trading in the Zone (by Mark Douglas)Then get ready for your 10,000 hours of screen time. Why 10,000 hours...?That is another book by Malcolm Gladwell: 'Outliers: The Story of Success' Or as an alternative: If you can't beat them, join them...

Professional's Critique in Experienced Traders Oct 31, 2016 at 05:14

I suggest browsing ForexFactory.com and picking up some good books:1. Market Wizards (by Jack Schwager)2. The New Market Wizards (by Jack Schwager)3. Reminiscences of a Stock Operator (by Edwin Lefèvre)4. Trading in the Zone (by Mark Douglas)Then get ready for your 10,000 hours of screen time. Why 10,000 hours...? That is another book by Malcolm Gladwell: "Outliers: The Story of Success"

Mt4-130067645 in Trading Systems Oct 31, 2016 at 04:53

Since you asked:1. Have some skin in the game: INVEST IN A REAL ACCOUNT before soliciting clients and risking THEIR REAL FUNDS. (It is easy to risk demo dollars...)2. Be transparent with trade history.

Very slow VPS in General Oct 30, 2016 at 22:22

$180 total. My tester VPS is $14 a month and my primary trading VPS is $120, which is physically located at the London Datacenter within 0.3 ms ping distance from my broker's server. It just does not get better than that.

TWICE IN AS MANY WEEKS SMALL TRADERS ARE MOCKED BY THE BANKS in General Oct 30, 2016 at 13:56

The above link shows a -99.99% DD...So it is either:1. A really shitty strategy (-99.99% drawdown will qualify for that) with a lucky streak since March of 2016or 2. If a different strategy had been used since that major DD in March, then the trader should have switched to a clean, new account. So the problem is NOT with MyFxBook's reporting accuracy. Just my 2 cents...

Very slow VPS in General Oct 30, 2016 at 12:37

You are right about that, Rob: "always get what you pay for"...I have learnt it with a few VPS providers the ""hard way"". Since then I don't feel bad about spending $180 a month for premium VPS services. I consider it as a cost of running a business; the same way I look at my losses.

TWICE IN AS MANY WEEKS SMALL TRADERS ARE MOCKED BY THE BANKS in General Oct 29, 2016 at 12:57

I am sure that SaltyWaters' 47% is not totally random. Also, potential DD - before going big - is another issue.

Very slow VPS in General Oct 29, 2016 at 04:18

With a live account and higher stakes I suggest investing into a fast, reliable and stable VPS with low latency cross-connection to the broker. Of course, they are more expensive, but it is worth to pay the premium price. (A crashing poor VPS can cost more in trading loss than a year subscription for a high-end VPS.)My favorites: CNS VPS (with <2 ms ping) for New York and UltraFx VPS (with <0.5 ms ping) for London Datacenter brokers.

Robotic Trading VS Manual Trading in New Traders Oct 29, 2016 at 00:57

Fully agree with the above. Toxic emotions (greed and fear) and lack of discipline usually destroy even the best manual traders. So the "only" problem with robots is not being able to react to unexpected change in fundamentals. Hmmm... In this case how about letting the robot trade only the most quiet 3 hours: the pre-Tokyo hours, when the statistical chance of unexpected changes in fundamentals is close to zero...? Curious? Then check out the results of 3 live accounts in my profile...

TWICE IN AS MANY WEEKS SMALL TRADERS ARE MOCKED BY THE BANKS in General Oct 29, 2016 at 00:48

Interesting approach, resembling to an experiment published in Forbes Magazine, which kind of validates the above:http://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/#4fc6ed7d6e8b

RoboSniper 2x (High) Risk ICM ECN in Trading Systems Oct 28, 2016 at 16:22

Any decent broker should be fine. As with any other scalper strategy, slippage can harm performance significantly. My newest broker is the FCA regulated and FSCS insured London based pure ECN/STP VARIASNE broker with practically no slippage, but with slightly larger spreads. This new Varianse account can be found under my profile as RoboSniper 0.5x risk.

I AM PLANNING TO DIE IN FOREX in New Traders Oct 28, 2016 at 11:35

Yes, it should be taken seriously, but not TOO seriously.A good friend of mine had decided to become a full time trader by giving up her daytime job (economist) trading 12+ hours every day and accumulating 10,000+ hours of screen time. Over a 6 years period she had lived up and lost all her savings and accumulated significant personal loans which she had also lost. Eventually she committed suicide.So one should never invest more funds and time in trading than he/she can afford (and willing) to lose - if necessary - on the way to success.

RoboSniper 1x Risk Standard in Trading Systems Oct 28, 2016 at 10:57

Just to clarify again for those who want to know with certainty: This is NOT Nikolay Razgula's ""ForexBank EA"" strategy, and it is based on price action, not "hedge correlation".The initial name identity was a coincidence, which is why this one it is called ""RoboSniper"" now.P.S. For those who want to see the performance and Trade History of ForexBank EA and compare with this one, I have looked up an account on MyFxBook running ForexBank EA. Here it is: http://www.myfxbook.com/members/pomauto/forexbankea/1762348

RoboSniper 1x Risk Standard in Trading Systems Oct 27, 2016 at 22:34

I am glad that you could use the entry points with even more profit. Congratulations!I keep Open Trades visible and let MyFxBook refresh Open Trades every 5 minutes (instead of every hour), so fellow traders could get some ideas for themselves. Transparency is a ""byproduct"" as I do not solicit investors; I have enough reserve funds myself to become my own investor should the strategy prove itself on the long run.

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