NextLevelForex's Posts - Page 11

Million Dollar Pips (USDJPY) in Trading Systems Sep 21, 2011 at 03:27

http://milliondollarpips.com/members/sell.php?prodData=pp%2C1%2C5

1onlyforex's Receiver or Slave in Trading Systems Sep 18, 2011 at 23:52

What happened here? It looks like a wipe-out followed by the deletion of the system...

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 14, 2011 at 02:24

Slow profit? I see 155.87% gain in 2 weeks. That usually means you are way over-leveraged...What about the current drawdown of 47%? (Equity = 53.13%). That's not what I'm looking for.

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 09, 2011 at 15:40

Roland,I saw your original post, but did not have time to reply to it until now. I checked your account and indeed it looks like a good fit, from all perspectives (trade currencies only, decent history length, lots of trades meaning higher chance of statistics being meaningful, and above all, good Pips Expectancy (4.86) and Expectancy Ration (0.18).I'll send you a private message about how to contact me directly.Have a great weekend!Remus

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 09, 2011 at 15:09

Thanks for your comment, ChinaHunter! I agree PAMM accounts are useful and popular, but I'm looking for something different. My account is at a particular brokerage that does not have PAMM/MAM, and there are other reasons why I'm looking to get in touch with traders directly (rather than look for and signing up under various PAMM accounts).One thing is that I need is a lot better risk control than what you find in PAMM accounts (your's included - in http://www.myfxbook.com/members/chinahunter/chinahunter-instaforex-pamm/153264 I see a gain of 227% in 14 trading days, only to be fol...

Forex Crescendo in Expert Advisors Sep 08, 2011 at 23:56

I see very negative opinions here. My experience was just the opposite: I found the developer very open and honest, and the EA was the first that I understood what it does in detail (i.e. the logic programmed into it), and was able to semi-manually trade with it (i.e. make it trade according to the ideas I had about where prices are going to go next, saving me from having to watch the market).

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 07, 2011 at 00:12

Just wanted to let you know that Myfxbook team added the Expectancy in Pips, and you can see it now next to the one in $ (in the Advanced Statistics -> Trades area). Many thanks for responding so quickly to my suggestion!

show Expectancy in pips, along with the one $ in Suggestion Box Sep 07, 2011 at 00:09

Mission accomplished!Myfxbook team added the Expectancy in Pips, and you can see it now next to the one in $. Many thanks for that!

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 16:35

Wow, lots of comments since I went to bed last night! 😎And since I see so many opposing opinions, I'll do the following: rather than address each particular topic, and post my take on it, I'll give more details about what I'm looking for. I think most of you are correct from a certain point of view, and now I'll give my point of view, since that's what I'm using to judge whether is a system is a match or not.First of all, the 2 metrics I talked about the most (Pips Expectancy and Expectancy Ratio) are not the only things I'm looking for. I hope that was obvi...

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 07:59

That's helpful, thanks for the info!

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 02:15

Chikot,I would like to know how did you see that trades went against him by 500 pips. Did you find him on InstaForex PAMM, where the equity is correctly calculated, not like on myfxbook? Or simply looked at the trades that took a long time, and checked the charts?About leverage: InstaForex lots mean 10 times less than on "normal" brokers. So the first trade, with 1.00 lots on EURUSD, means 1 minilot, not 1 full lot. Even 1 minilot is too much for that account, but only the first trade was like that, and I assumed it was a mistake when setting up the EA or entering the trade manually....

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 02:01

I checked and yes, your math is correct :)And just by looking at those 2 metrics, your account performance is very good. I added it to my watch list, and will contact you with more questions, should I decide to consider it for my portfolio.Thanks for posting, and enjoy your weekend!

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 01:50

Thanks for the details, it makes more sense now.About connecting to myfxbook: they recently added a new way of publishing your account, where you only need to give them the investor password. No more running anything on your computer! I'm using that for all my accounts, and even though it's in Beta, and sometimes the accounts do not update as expected (every 5 minutes), I really like it since I don't have to maintain my MT4 for myfxbook EA, and use VPS resources for it.

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 04, 2011 at 01:46

Sounds good, Ben! If your performance is consistent, you'll hear from me pretty soon!

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 03, 2011 at 23:35

Thanks for the prompt reply! The picture provided is misleading at best. Equity and Balance mean, to every trader I know, the amount of money you have in your account, not pips realized through trading.The second picture you have attached seems to be a MetaTrader report. If that's the case, you'll have a much more convincing proposition by linking your account to Myfxbook and verifying it. From the report you provided, I cannot get any of the metrics I'm calculating to evaluate trading systems.Take care,Remus

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 03, 2011 at 22:10

Hi SaltyWaters,Can you provide more details? There is nothing in that picture that would allow me (or anyone else reading this thread) to evaluate how profitable your system/method is. Win % values, without the average pip gain/loss, are pretty much useless. Also to compute the metrics I'm using (the most talked about in this thread are Pips Expectancy and Expectancy Ratio), I'll also need the total number of pips made by the 40 trades shown in the picture.Thanks a lot!

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Sep 03, 2011 at 22:03

Thanks for the details, I added your account to my watch list!You're system looks very profitable, but I need a longer history to commit to even try it on one of my accounts. Also if you have a REAL account where you are trading it, showing that would very much increase your reputation (one of the first questions you'll be asked when offering to manage other's people money, or sell/lease your system, will be: "if you system is as good as you say, why do you trade it in a DEMO account?").About the expectancy: using the data available today (9/3), I see 29 trades that broug...

partnerfx in Trading Systems Sep 01, 2011 at 22:07

What happened here? I see you no longer used the 15 pips SL, and incurred bigger and bigger losses...

watch this video. can be interesting in Experienced Traders Sep 01, 2011 at 16:18

I'll contact them after I return from vacation. If they do, if will explore that option, since their order execution and commissions are among the best in the industry (for something a retail trader can get his hands on).

Opinion on system in Experienced Traders Sep 01, 2011 at 16:13

Thanks for the details. I tried several systems which used Martingale and also a stop out, and I agree with what you are saying. Good luck improving your system! 😄

EURUSD	1.04019	GBPUSD	1.25313	AUDUSD	0.62351
USDJPY	157.219	USDCAD	1.43806	USDCHF	0.8987

Posts by NextLevelForex