http://www.collective2.com and http://www.myfxbook.com are two sites where one can upload the performance of an account. Both sites make it very difficult to find the actual trading systems making real money. At present on http://www.myfxbook.com there is a serious flaw where loosing accounts are marked with high gain %. The issue was taken up with site owners a month ago but still hasn't been resolved. Virtually every single account indicating seemingly 100%, or 30% gains are in error as I posted here:
http://www.myfxbook.com/community/tr...pt=2&p=2&o=386
"....The account equity is $2489, the total deposits is $3051 , thus the net loss is: -18% and not 16%abs gain. Now this incorrect display of the system performance isn't your fault. Would you agree with my request to the site owners that this has to be corrected, the only thing that should be displayed when doing a search is the real-time value of the accounts. AFter clicking on the account one can then view the Abs. gain etc.
Presently one is clicking on system after system with seemingly 100% , 30% gains only to realize that it is actually running at loss if deposit to equity ratio is taken. Any person who invests say in the stock markets wants to know what is his portfolio worth should he sell that day, in the same way we want a real-time snapshot of the true system performance.
Kenny if you can fault my logic then please propose something better......"
http://www.myfxbook.com/community/tr...pt=2&p=2&o=386
"....The account equity is $2489, the total deposits is $3051 , thus the net loss is: -18% and not 16%abs gain. Now this incorrect display of the system performance isn't your fault. Would you agree with my request to the site owners that this has to be corrected, the only thing that should be displayed when doing a search is the real-time value of the accounts. AFter clicking on the account one can then view the Abs. gain etc.
Presently one is clicking on system after system with seemingly 100% , 30% gains only to realize that it is actually running at loss if deposit to equity ratio is taken. Any person who invests say in the stock markets wants to know what is his portfolio worth should he sell that day, in the same way we want a real-time snapshot of the true system performance.
Kenny if you can fault my logic then please propose something better......"