FxMasterGuru's Posts - Page 32

Flex EA 2x Retrace SL in Trading Systems Aug 25, 2015 at 07:41

.....

Flex EA 3x Retrace in Trading Systems Aug 24, 2015 at 19:51

Another Martingale Story...

TitanTrader in Trading Systems Aug 24, 2015 at 17:46

As stated on SignalStart: Max DD: 10%Yeah, right...! Another false promise...

Show your profitable account here. in General Aug 23, 2015 at 10:32

Yes, that is why most strategies on MyFxBook belong to 'Casino Forex'...Margin call...? Complete account destruction...? No problem... A new account under a new user name can be created right away... Rinse and repeat... And performance fees can be collected risk free until the margin call...

Show your profitable account here. in General Aug 22, 2015 at 14:01

Bulls*it Grid Scalper...My friend has opened a live account for management with the clown... It was going fine for one day by taking 1-2 profits, but on the 2nd day (Aug 21) the account started shorting the rising EURUSD in multiple grids causing more than -30% floating DD, so my friend just had to close everything manually and run with what was left...Consider: if this clown were trading in the opposite direction with the same TP/SL, in two days he could have achieved a 30%+ floating PROFIT, instead of scalping 1-3 pips, then letting the account run into DEEP DRAWDOWN...Stay away, unless you ...

ActivTrades in Trading Systems Aug 22, 2015 at 13:58

Bull**it Grid Scalper...My friend has opened a live account for management with the clown... It was going fine for one day by taking 1-2 profits, but on the 2nd day (Aug 21) the account started shorting the rising EURUSD in multiple grids causing more than -30% floating DD, so my friend just had to close everything manually and run with what is left...Consider: if this clown were trading in the opposite direction with the same TP/SL, in two days he could have achieved 30%+ floating PROFIT, instead of scalping 1-3 pips, then letting the account run into DEEP DRAWDOWN...Stay away, unless you wan...

Im an investor. How to find a consistent traders? in Experienced Traders Aug 22, 2015 at 13:47

Bull**it Grid Scalper...My friend has opened a live account for management with the clown... It was going fine for one day by taking 1-2 profits, but on the 2nd day (Aug 21) the account started shorting the rising EURUSD in multiple grids causing more than -30% floating DD, so my friend just had to close everything manually and run with what is left...Consider: if this clown were trading in the opposite direction with the same TP/SL, in two days he could have achieved a 30%+ floating PROFIT, instead of scalping 1-3 pips, then letting the account run into DEEP DRAWDOWN...Stay away, unless you w...

1329648 in Trading Systems Aug 20, 2015 at 12:15

Typical MOSQUITO and FLY behavior...They don't stop coming back until you finish them...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Aug 20, 2015 at 04:40

Yeah, but apparently nothing can be done about it... It is just unfortunate...

Can forex trading make you rich ? in General Aug 19, 2015 at 12:25

@Rasperr You say: "The average joe day trader, can make a sustainable living of $2k+ a month with relative ease with good education and a financial awareness of the market."I see that you have so many Vouches from other experienced Forex traders on MyfxBook, so you must be the wise guy telling me that I don't have comprehension of hedging... Anyway...If your were so wise stating that "The average joe day trader, can make a sustainable living of $2k+ a month", then PLEASE SHOW ME JUST ONE OF THE MANY THOUSANDS OF FOREX TRADERS. Just ONE please...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Aug 19, 2015 at 07:36

And who pays if there is a loss...? 😲

Can forex trading make you rich ? in General Aug 19, 2015 at 04:58

Yeah, right... Who needs a 110 million USD paycheck every MONTH...?Yes, 110 million USD a month, i.e. 1.3 Billion USD a year...!That is how much the best paid fund manager makes:http://fortune.com/2015/05/05/the-highest-paid-hedge-fund-manager-only-made-1-3-billion-last-year/Again, these fund managers can achieve 'only' about 30-40% profit per year... Even the one who could make only 2% profit in 2014 got 400 Million USD...In other words, if a retail trader could achieve a safe 30-40% per year, then he/she would be among the best paid professionals of the world. Even if 'sacrificin...

Can forex trading make you rich ? in General Aug 18, 2015 at 12:20

Maybe you are right... Well, my other option is staying stubbornly delusional - like the Alchemists in the Middle Ages - believing that I will be the first one making real gold from mixing dirt with other chemicals... And watch life pass by...Also an additional fact. The MOST SUCCESSFUL traders of the world make consistent 30-40% per YEAR i.e. 2.5-3% profit a MONTH. And they make $1,000,000+ just in salaries. Monthly. Yes, they make $10,000,000+ per year just in salaries, not to mention performance bonuses.So my logic is the following: if a 'retail trader' could achieve the same phenom...

NEED HELP TO MAKE A EA in Programming Aug 18, 2015 at 03:58

*** IDENTITY THEFT ALERT ***Never give out your scanned password to a private entity, as your passport might be used by scammers to open false bank accounts under your name!

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Aug 17, 2015 at 12:37

@zarniYou are absolutely RIGHT, Zarni... In retrospect it was just a 'social experiment'...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Aug 17, 2015 at 12:27

Probably they use so little equity because it is the key of their survival in case of a large DD, which is not only possible, but EXPECTED with Martis...Anyway, even if it were the BEST MartiGrid ever created (which is possible), I still would not invest funds in it... Why...?Because it is still a MartiGrid... An animal fable comes to mind about the 'Scorpion and the Frog':The Scorpion and the Frog A scorpion and a frog meet on the bank of a stream and the scorpion asks the frog to carry him across on its back. The frog asks, "How do I know you won't sting me?" The scor...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Aug 17, 2015 at 12:14

@VPTrader Correct, it fulfills stated performance criteria. On the other hand I have two major reservations:1. It is running at a less known broker (as already mentioned),AND2. It is a Martingale.http://www.forexpeacearmy.com/managed_forex_performance/evolution_mam/real/analyticsAs you can see on the above page the strategy generously profits even by LOSING LOTS OF PIPS:Average Pips per Week: -9427 pips (Gross Pips: -1,035,120)Average P/L per Week: +1.41% (Gross P/L: +366.25%)The ONLY way a strategy can make profits by losing pips is MARTINGALE.

Can forex trading make you rich ? in General Aug 17, 2015 at 11:44

@CrazyTrader Yes, we can see many people doubling small accounts, but in most cases it just good luck OR the trader was in TEMPORARY sync with the ever changing markets.For the same reason thoroughly backtested and forward tested EAs fail within a year...One memorable example is RobinVol EA...If you have the time just read how much work FMonera has invested in the statistical analysis of the EA before selling it:http://www.robinvol.com/statistical-analysis/http://www.robinvol.com/robustness-measures/Just amazing...! What has followed after the commercial launch was also 'amazing', but ...

Trading_Grial_EA in Trading Systems Aug 17, 2015 at 11:28

My point is that if you had placed ALL your trades in the OPPOSITE direction today, you would have +4% Equity gain right now and not -4% Equity LOSS.... I just did not understand the reason for celebration.Unless it does not matter what is the Equity P&L, as long as you can close some of trades in profit. Right?Anyway, lets see the performance in 4-5 months.

Trading_Grial_EA in Trading Systems Aug 17, 2015 at 11:19

Well, I see only -4% Equity decline for today... i.e. while you have closed some trades with +4% you are sitting on a -8% floating loss... What is so great about it?

EURUSD	1.08599	GBPUSD	1.30395	AUDUSD	0.66967
USDJPY	149.273	USDCAD	1.38114	USDCHF	0.86494

Posts by FxMasterGuru