FxMasterGuru's Posts - Page 58

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Apr 17, 2014 at 18:20

5 trades within 1 month... It is a good start, but very little to recruit investors....

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 17, 2014 at 13:39

It is true with the added remark that fund managers have a tougher situation to get in and out of positions. It is much easier to move 4-5 lots without moving the market, but it is a different situation with 400-500 lots which has significant effect on the performance they can achieve.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 22:38

I guess we all know that too well... But yes, let's see the account statements following July of 2009...

im new in forex trading in New Traders Apr 16, 2014 at 20:19

Don't forget to read Bob's (a.k.a. "ForexAssistant's) blog entries on this forum: http://www.myfxbook.com/community/experienced-traders/i-want-only-safe-4/437746,80

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 20:04

@ForexAssistant Noted. The balance on the last account statement is $835.56, so you have made $625.56 over 16 months. Hmmm... I meant show me the REAL MONEY, which is more than the price of an Economy Class flight ticket from London to New York.If it has worked so well for you Bob, you must be a millionaire by now managing the wealth of hundreds of investors while sitting on your yacht in the Bahamas, sipping your Dom Perignon and spreading the wisdom to the 95%...AM I CORRECT, BOB? (If not, please shut the f... up and come back later.)

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 19:42

@ForexAssistant SHOW ME THE MONEY!!! Then, and THEN we can talk about mathematical theories...Guess why those people teach the "grid theory" at universities...? Because they have no other way of making a living... Otherwise they would trade their theories with real money sitting on their yachts in the Bahamas. Not fighting for tenure and waiting for promotion or a SALARY RAISE... Come on!

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 19:36

😁

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 12:54

Well said! I am still about to see a profitable Martingale or Grid strategy which has survived a 2-year mark without a major (i.e. tolerable) <25% DD.The 25% DD is the real max. what any investor in his right mind would take without freaking out, as there is absolutely no guarantee that the next basket does not end up in another 25% DD (totaling 50%). If it happened one would have to make 100% profit on the remaining 50% balance (equity) just to break even...@ForexAssistant The coin tossing example was actually a perfect one. It can be even a foundation of a 15% per year robot with stra...

Caesar 400% EURUSD in Trading Systems Apr 16, 2014 at 09:37

I think at least $1000 per 0.01 lot is needed to avoid an emotionally(!) unmanageable situation. Even with this setup one's account may encounter a -30% DD (max. allowed DD on the Master Account is -33%) if I am right. I am sure Tomas will correct me if not.So in case one cannot stand the thought of a possible -30% DD, then even a $1000 per 0.01 lot risk setting is just too high.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 16, 2014 at 07:36

Good point! Yes, the chances of crashing a Martingale accountwithin 1 minutes: practically 0%within 5 minutes: again close to zerowithin 1 day: very unlikely, but definitely higher than within 5 minutes...within 1 week: about 0.1%within 1 month: maybe 1%within 6 months: approx. 20% within 1 year: let's say 60%And so on... The bottom line is that as time goes by, the chances of crashing an account without stop loss (i.e. which is in "eternal DD") are getting higher and higher, so at one point the "eternal dradown" has to meet the Margin Call, the same as parallels meet ...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 15, 2014 at 20:19

@ForexAssistant You may be right, Bob. And I do hope that those 7 million people trust their monies on your "in eternal DD" strategy producing 12% per year on balance, as long as the equity is not eaten up by the DD. Which CAN happen theoretically, can't it?And then, all the years' of 12% per year profits evaporate - almost literally - preceded by a Margin Call from the broker. Of course, unless you feed the beast in the DD instead of taking money from it.I wonder if anybody else in this blog is sold on this idea, or is it only me who cannot see the great opportunity in it...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 15, 2014 at 11:21

@ForexAssistant Well, Bob, I have to admit, it is too "high" for me to comprehend, especially this sentence: 'it is always in draw down, that is how it works'.Wow...! Why have I never thought of becoming a successful trader with a strategy which produces constant profits while it is in eternal DD....??

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 14, 2014 at 21:21

Yes, it is nice, however, it is unfortunate that only 3 months' history is verified.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 14, 2014 at 20:56

I would add the following to the above strategy description:Monthly Profit: 0.93%Max. DD: 9.46% -- In other words it takes 10 (i.e. TEN) months (statistically) to recover from a max. DD scenario (like the current one).Also, it might be also interesting that the named strategy is in constant DD since the end of January, including open positions since January 8th, 2014. Although not pretty, I guess these details add some more valuable information.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 13, 2014 at 12:12

Wow. Interesting statistics: -4236 pips and -4236 USD in DD... (as of today)Considering the current DD the strategy has produced about 7% over the past year with -9% max. DD. Also, if someone had started this this strategy in late January, he/she would be in -5.5% loss as of now.I don't think that anybody would be able to make a living with such a strategy, not to mention becoming rich from it. Also, the performance is very far from the 4% monthly gain mentioned in the title of this blog. (Actually it is 0.93% per month as per MyFxBook with a max. DD of 9%.)

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Apr 11, 2014 at 10:23

You are absolutely right... But hope never dies...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Apr 10, 2014 at 21:10

Yes, really nice. Maybe "too nice", so I have looked into it.This strategy is managed (among multiple other "suspiciously" successful strategies) by a Hungarian owned team and run exclusively through a Hungarian owned non-mainstream New Zealand registered brokerage. By the way, the other "suspiciously" successful strategies are also owned by a different. but also Hungarian team... And what a coincidence: all of them have found their way to the same, non-mainstream and almost unknown brokerage in a poorly regulated country... Go figure...!There are rumours in Hunga...

Name 5 brokers You would trade with for 60ts> usd trading account without fear in Experienced Traders Apr 08, 2014 at 10:17

Yes, you have summarized it quite well.

Name 5 brokers You would trade with for 60ts> usd trading account without fear in Experienced Traders Apr 06, 2014 at 10:40

Well, ECN brokers - who "B book" their clients - do not trade "against" their clients, they simply take the other side of their trades. It is their choice - if and when - they decide to act as legitimate market participants (in addition to being a broker). There is nothing wrong with it, especially, if they can provide better and faster executions this way.Although the above info is not from Investopedia, it was explained to me by a representative of a well-respected and mainstream ECN brokerage.P.S. An additional info from a hedge fund manager: Most orders below 50 lots ar...

$50 to $1 million in 18 months in Trading Systems Apr 05, 2014 at 16:12

How about reversing the strategy...? You know, BUY instead of SELLING, and SELL instead of a BUYING...

EURUSD	1.08278	GBPUSD	1.28711	AUDUSD	0.6275
USDJPY	147.319	USDCAD	1.44452	USDCHF	0.88115

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