FxMasterGuru's Inlägg - sida 46

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 20, 2015 at 13:24

@VPTrader SWISSDIREKT might be interesting if they could verify their results and their broker is OK. Although I have a feeling that they will say that they are not dealing with MFB or FxBlue verification and they have their own verification procedure... Please keep us posted.P.S. I have two MFB logins. The simple reason: many scammers and strategy developers have blocked my original username after I had revealed their scams or strategy weaknesses, so I had to have a second username to be able place a final post about them. I am not alone with it: many other 'scam crusaidors' had been ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 20, 2015 at 12:05

Other than the fact that the strategy employs some grid elements with progressive lot numbers, the results were really nice before the SNB announcement.Personally I am very sceptic about any strategy employing "gridding", i.e. cost averaging. In other words, I would not invest large funds with a "gridder". With smaller funds I might, but the proceeds would not even pay my rent.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 20, 2015 at 11:46

- I am more familiar with MFB's verification process, so personally I would prefer MFB verification (through a mainstream broker).- Live access to MT4 would be a nice addition, and yes, a PAMM manager should be able to provide it for a few weeks. Should he refuse to grant access even a for a few weeks with a temporary investor passoword, it would be a HUGE RED FLAG.- Concerning the SWISSDIREKT and Folyle Capital performance sheets I have a few concerns: I could not find VERIFIED performance results for any of them. (Glossy performance pamphlets can be easily produced within a few hours ev...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 20, 2015 at 08:50

@VPTrader 1. 'put more value to the managed accounts which do not have any 'track records' through third partys' - Well, I would still require 3rd party confirmation, preferably via a PRIVATE MFB LINK, i.e. which is not shown/marketed to the public.2. 'especially those where there is not much written about them at all' - The less talk and chit-chat about them on the net, the better. So, definitely a yes.3. 'Then ask for mt4 access to PAMM accounts and watch the trades some time'- Good idea, although I doubt that any PAMM manager would give investor access to his...

Im an investor. How to find a consistent traders? på Erfaren Traders Apr 19, 2015 at 10:54

A typical grid strategy with fixed stop loss: http://www.myfxbook.com/members/togr/caesar-400-eurusd/662462As it can be seen a loss has not wiped out the account (as the strategy has a fix SL and currently it is hedging its equity DD), but one 'bad basket' has wiped out all the profts collected since August 01, 2014.And that is what to expect with any strategy utilizing grids, especially on volatile pairs.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 19, 2015 at 10:03

1. You will not see any real-time results with the mentioned strategies. Trades are - conveniently - delayed. I have seen it first-hand. The reason they claim was that they wanted to prevent copy-cats, but my suspicion is that they needed some time to hand-craft their trades. Which is why they will never be real-time signal providers - even for $1000 per month - and you will never see them on ConnectForex or on AutoTrade.2. As with any pyramid-scheme it is possible to withdraw funds, until the very end. Many people managed to get some nice virtual profits from Bernie Madoff, and even the Hunga...

Im an investor. How to find a consistent traders? på Erfaren Traders Apr 18, 2015 at 15:44

Still a MARTINGALE...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 17, 2015 at 17:14

@VPTrader 1. Using ICM or TickMill should not have an impact on their strategy's performance. For example: ICM's and TickMill's spreads are extremely good, and I doubt they could get better spreads than these brokers provide. On the same note: If 3TGFX were such an extremely good broker for scalpers why it has not become the industry leader...? After so many years why is it still a no-name broker...?2. Oh, yes. VERIFIED MyFxBook data can easily manipulated (i.e. forged, cooked, etc), especially if the strategy management and the broker are under the same roof.3. With the published ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 16, 2015 at 14:40

@VPTrader You are right. There is no proof... Just strong suspicions.But lets consider for how many years Bernie Madoff could fool even the most savvy and smartest investors in the USA. Not to mention the SEC...So there is no clear answer to your question. The results are simply "too good to be true" and ALL THESE STRATEGY LEADERS REFUSE TO RUN THEIR STRATEGIES AT ANY OTHER "MAINSTREAM" BROKERS for reference and validation. I have approached them with this request and the copycat answer was: "We don't need to prove anything to anybody".... And it is a BIG RED ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 11, 2015 at 09:50

Good start with ambitious plans.Not to take your enthusiasm away, but to place your goals in perspective:1. Trading is 80% psychology, which challenge you wiill experience only when trading on a live accountl. So instead of a demo trading try to trade on a small (even cent), but LIVE account. It would immediately introduce you to the challenges of "trading psychology".2. If you read this thread from the beginning you will understand the STATISTICAL chances of making a living by Forex trading.

Im an investor. How to find a consistent traders? på Erfaren Traders Apr 10, 2015 at 08:20

With a nice Martingale... +18.8% profit this year by losing -3781.00 pipsYou collect performance fees until it works, and when it crashes, a simple "Sorry, Man" will conclude the deal.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 10, 2015 at 08:20

It just confirms the practical conclusions of this thread.Until proven otherwise we can conclude that THERE IS NO (non-grid) STRATEGY ABLE TO FULFILL - even the less than optimal - CONDITIONS MENTIONED IN THE TITLE.It clearly shows the slim statistical chances of "Average Trader Joe" making a living from Forex profits. But who makes the profits then...?1. Brokers and their licencing authorities.2. Liquidity providers3. Metatrader and other trading platform provider companies4. IBs (introducing brokers)5. VPS providers6. EA programmers7. "Holy Grail&...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 06, 2015 at 06:35

Everbody has a piece of truth here. I think we can conclude that:1. "Average Joe/Jane Trader" has very slim chances of making a stable living via Forex trading. And we are still NOT talking about becoming rich by Forex trading.2. A successful "Average Joe/Jane Trader" (who is also a "publishing" member of MyFxBook) could be easily spotted on MyFxBook and probably he/she would be actively recruiting clients to boost his/her own funds.3. A successful "PRO Joe/Jane Trader" probably would not care about posting on MyFxBook.___________________________________...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 05, 2015 at 14:01

Exactly. The fact you mentioned shows the statistical chances of "Average Joe Trader" making a living by trading Forex.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 05, 2015 at 14:01

@shaf356I seriously doubt that it is "not that difficult" as I am still about to see the very first one non-grid strategy run at a "respected broker". Two years is a long time to keep DD below 20% and raking in average 5% monthly profit.But again, if it were "not that difficult", please give us a link to the performance page of at least ONE such strategy.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 04, 2015 at 20:34

I agree with most what you had mentioned.Yes, -25% max. DD is too high for larger investments, but it was a minimum requirement. I just did not want to be "too strict" with the DD conditions. Since most Forex traders are overleveraged (which is OK with smaller funds) I was anticipating to scale down the risk to be suitbale for larger inverstments.For example: If some could have come up with a strategy showing 6% average monthly profit (for at least two years) with -20% max. DD, then this strategy could have been scaled down to 1.5% monthly profit with -5% max. drawdown. With profit r...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 04, 2015 at 10:41

@forexpipcatchar 1. I was hoping to see a "retail trader" who has managed to achieve solid financial freedom via Forex trading. I have to admit that my hopes were unfounded.2. More than two years after starting this thread I can only agree with your observations.

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 03, 2015 at 11:50

-276 pips (i.e. negative pips) with +31% profit this year = Martingale in my book.There is simply no other explanation how could a strategy make profits while losing pips...

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Apr 03, 2015 at 09:29

Nice results. Nevertheless, it would be nicer if you could replicate them on an account with a maninstream (i.e. reputable) broker (e.g. ICM, Pepperstone, Global Prime, Oanda, LMAX etc.) as already suggested by someone in the thread of the strategy. Until then it is just too suspicious for a broker assisted "book cooking".

5% average monthly profit for at least 2 years (with less than 25% max. DD) på Erfaren Traders Mar 29, 2015 at 12:29

Sure, it is possible to get some consitent periods with all Martingale or Grid strategies... The only question is how long will the winning streak last before hitting a major (i.e. devastating) DD...

EURUSD	1.08481	GBPUSD	1.30223	AUDUSD	0.66833
USDJPY	149.959	USDCAD	1.38239	USDCHF	0.86476

Inlägg av FxMasterGuru