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  • #541
  • Jan 23, 2018 10:31am Jan 23, 2018 10:31am
By curiosity, is the performance % of Fixi account similar with the Master acc or is a noticeable difference?
As Fixi gives more money but limit dd to 3.5% in the end you have the extra issue of trading more capital = harder to have to order filled at a price close to the master.

Quoting profitfarmer
for comparison: a 'prop firm' offering 75% profit share would need to fund me 80k to be on equal grounds
In the end, a prop firm deal looks better.
  • #542
  • Jan 23, 2018 10:45am Jan 23, 2018 10:45am
Quoting alphadude
{quote} PF, great to see they are keeping their promise on the deal. however; it is not fair for Fixi to charge you unusual spread/commission compared to other brokers. In my opinion; this is a rip off; and this is where they make their real $$; by charging exorbitant transaction fees; and not rewarding you for that. in the real life of hedge funds; the hedge fund manager negotiates good deals with various brokers to reduce transaction cost; thus increasing his bottom line. you have confirmed my suspiciton that brokers offering PAM are questionable....
it is not really unusual spread or commission, i simply wanted to tell, it is worst in comparison than what i pay at ICM or Axi...
at ICM i have 5.5$/lot commission, at Axi i have 5$/lot....vs. at Fixi i pay the full 7$/lot...on top the spread tends to be few pipettes wider too.
so, not exorbitant, but surely far from ideal.
being a scalper on those accounts, there is a visible difference, and each % that goes to cover the cost is coming off from the profits, ie. my pocket.

the deal isnt PAM, but a prop arrangement in this case.
unfortunate, need to start out somewhere, and one of the positive aspect still is that there was no upfront fees to pay, no demo trials to go thru, and while the performance fee isnt huge, still adds to the bottom line when you are a trader.

Attached Image (click to enlarge)
Click to Enlarge Name: Fixi Q4 2017.png Size: 23 KB


in this case, it is about +500$ a month to my bottom line from that direction. since most of the "job" was done by the trade copier, and very little additional, in the end i think it is fairly good.
if and when i can move a step up there to say 500k prop funds, the numbers may start to look better. also, December was not too good to me, till date the poorest month on master, and i believe some loss on Fixi due the different cost structure as mentioned above.

btw, today GbpUsd did give in the end something to do. (for better view on M1, but traded from the usual M5!)

Attached Image (click to enlarge)
Click to Enlarge Name: GU 23.01..png Size: 32 KB


in a way pity that i didnt take the last one from 25, ( the alarm was right there), but it is human nature...that moment i felt i had enough of GbpUsd. so much so that the last open entry that carried also closed with a small loss...as aftermath shows the timing wasnt bad, my patience was not the best though.
overall, happy enough, this 6 little entry still resulted +0.37%. right where i was hoping to be for today.
there is always, always another trade!!
  • #543
  • Jan 23, 2018 10:59am Jan 23, 2018 10:59am
Quoting aa4fx
By curiosity, is the performance % of Fixi account similar with the Master acc or is a noticeable difference? As Fixi gives more money but limit dd to 3.5% in the end you have the extra issue of trading more capital = harder to have to order filled at a price close to the master. {quote} In the end, a prop firm deal looks better.
i think some i just answer in the last post i made.
i guess when i referred to some prop deals, like you can find in commercial, where you can demo and pay ahead for 20-40k equity ( in hope), even a 10% max DD will have limitations on the earnings, and the higher ( like 70-75%) supposed performance would likely adversely work on your psychology, entice overtrading in hope to hitting the jackpot.
when it comes to money, the number one issue is surviving long enough to grow to a level where it is all seriously meaningful.
for that, needs 3 things: the view of the big picture, no immediate need for a quick payout, and of course a stable track record with low DD%.

as the lot sizes are small due the DD limitation, there is no fill problems at this stage.
most lots less than 1, scaled up to the 250k account.
there is always, always another trade!!
  • #544
  • Jan 24, 2018 4:50am Jan 24, 2018 4:50am
So far, it looks you are a good trader. To reach to proper funds figures, like 500k, which is not a bad number, might take some years. Could be around 7. If you are patient enough, you will get there... Even if you are not patient, but not doing anything stupid, it will take you the same amount of years.
Maadik Hugiis. IQ 69.
  • #545
  • Jan 24, 2018 6:12am Jan 24, 2018 6:12am
Quoting MoneyZilla
So far, it looks you are a good trader. To reach to proper funds figures, like 500k, which is not a bad number, might take some years. Could be around 7. If you are patient enough, you will get there... Even if you are not patient, but not doing anything stupid, it will take you the same amount of years.

MZ, my friend, thanks for passing by, and for the compliment.
the truth is i dont need anything near like 500k personal funds to trade. but maybe you meant like total assets, more likely scenario. the math is interesting.
but suppose, for sake of playing around, that this would be the situation:

for fun, i did some math, to figure about current AUM numbers, and took the notional values, ie. (10k @2x risk =20k; or 250k@ 0.35% risk = 87k)
the total measured as 1x risk accounts approx 450k. throw in my funds, assets are above 500k as of now.
now for more fun, some quick math on what that means...
take 3% a month ROI, that would work out to
1500$ from personal funds
2700$ from assets ( @ only 20% performance fee)
or something like a total of 4200$ a month.
the obvious question, could i live from 4200$/month?
if yes, all is great.
if not, then: could i make more than 3% a month on average?
what the statistic suggests?
myfxbook:
Daily:0.28%
Monthly:8.61%
Drawdown:7.86%
so, maybe it is possible that going forward can meet or surpass 3% a month.
also, a possibility that eventually assets grow.
lol, virtually the sky is the limit, right?
now, suppose this was not a play on the numbers...would it be an acceptable reality?
there is always, always another trade!!
  • #546
  • Jan 24, 2018 6:33am Jan 24, 2018 6:33am
Quoting profitfarmer
{quote} ...virtually the sky is the limit, right? now, suppose this was not a play on the numbers...would it be an acceptable reality?
Alright. I got the impression you wanted the 500k. Staying on the top is more often harder than getting there. My IQ is quite low and I do understand simple math mostly. Could not catch all your numbers. But I am sure you do know what you are doing, as this is visible from your trading results.

I once lived with 0.50 euros a day (1995/6). That's is 50 euro cents a day. Back in 1997. I was super happy when I started making like 700-800 euros per month. Then in 2000/1 almost added a zero. Then in 2003/4 I have worked like 12-14 hours a day, almost 7 days a week, for no salary at all. Two full years - 0 income. In 2005 I have started with 400 euros a month. In 2007 added another zero. Now $4,200 per month is absolutely not enough for me... So, your personal goals will determine how much is enough for you. 4.2k is a nice number to start with...
Maadik Hugiis. IQ 69.
  • #547
  • Jan 24, 2018 7:54am Jan 24, 2018 7:54am
Quoting MoneyZilla
{quote} Alright. I got the impression you wanted the 500k. Staying on the top is more often harder than getting there. My IQ is quite low and I do understand simple math mostly. Could not catch all your numbers. But I am sure you do know what you are doing, as this is visible from your trading results. I once lived with 0.50 euros a day (1995/6). That's is 50 euro cents a day. Back in 1997. I was super happy when I started making like 700-800 euros per month. Then in 2000/1 almost added a zero. Then in 2003/4 I have worked like 12-14 hours...
let make your numbers clearer then.
the example stood for 3% a month average. my monthly average is a little higher than that.
about the 500k...read again the last post of mine.
there is always, always another trade!!
  • #548
  • Jan 24, 2018 8:14am Jan 24, 2018 8:14am
interesting day.
a bit unusual too, for me, not really the 17 entries, but that all of them been on GbpUsd today!
(15 on the chart bellow, 2 similar fashion, but didnt fit on the same screen unless i zoom out too much, bad for visibility).

Attached Image (click to enlarge)
Click to Enlarge Name: GU 24.01..png Size: 26 KB


pls ignore the TP lines, they are meaningless, i use some usually in case a sudden jump my way...there was no such, all close was done manually, as usual.
trend up is strong today, but with the stairs like way it is ideal to make some profit, if scaled in careful enough.
or be lucky. or both.
anyway, net 47 pips, or +0.92% on main. finally a good trading day in January!

my feeling that GU is about to hit more resistance here, after a big up day (200 pips approx) but then it can go both ways. i am ready to give it another go around 1.42, else tomorrow is another day, and there is always another trade.

happy trading!
there is always, always another trade!!
  • #549
  • Jan 24, 2018 9:39am Jan 24, 2018 9:39am
Hello,

I've been following your thread for a while. If i am not mistaken, you are using some kind of grid entries? If so, do you mind to share how it works? Is that based on fixed lot sizes or it varies?

Cheers.
  • #550
  • Jan 24, 2018 10:28am Jan 24, 2018 10:28am
Quoting profitfarmer
just had a look on Psy, and looks like i am back to the top of the ranking there. {image} always nice to see that even though what i do considered all wrong, in the end, it is rather not. strange, right? was told that next week they have some news coming up, lets see what that may be. disclaimer: i wont bother to edit out the equity, it is visible there. the TE is locked for simple reason to readers to concentrate on the consistency aspect, as i do! however, there are 3 things to keep in mind: it is my main account (master), that i regularly...
Have you had any allocations from PSY ? I see there that you fulfill all 3 requirements: over 75 rating, over 9 months trading, and over 1000USD
  • #551
  • Jan 24, 2018 11:36am Jan 24, 2018 11:36am
Quoting CrocodileRex
Hello, I've been following your thread for a while. If i am not mistaken, you are using some kind of grid entries? If so, do you mind to share how it works? Is that based on fixed lot sizes or it varies? Cheers.
hi CrocodileRex,
without wanting to hurt your feelings, i think you arent following my thread too closely...else you would have most answers to your questions already, if not all
let me copy this here from post#1:
"many things i learnt seem to go against many things the gurus teach:
i use no SL most of the time, but mental ones, that consider more the total equity protection.
i use grids, to scale into trades. ok, nothing fixed size, but still a grid. on the other hand, aim for single entries where possible.
i may or may not use martingale when adding to a position ( yes, losers mostly!) although tend not to use full martingale.
i dont risk a fixed % of equity per trade, that vary from the setup, and my analysis of it.
i ignore profit in pips, results counted in $$$! if the pips green, it is added plus to my feel good about it, but secondary at best.
i do scalp (too)
and most importantly perhaps
i dont aim for max profits, happy to take part of a move. re-enter or not later. my top priority is manage drawdown, and ultimately to have a monthly return that is higher than drawdown.
that also summarize it up.
no fixed monthly return targets, only to be positive, and beat the bank's interest rate enough to compensate for the added risk involved."

so, it is some kind of grid entries. lot sizes can vary, or not. the distance between entries can be varied, or not, but mostly differ some.
um, how it works: pretty simple, within the equity DD% limit (i use -10%) i can do whatever i wish, however i wish. it isnt that crazy as it sounds
obviously, since i also trade beyond hobby, i cant fully disclose to you all, what and why. few i had explain more in dept, those "lucky winners" of the mentoring...( and yes, so far all talk to me still, despite! )
there is a reason why this is a journal, and not a 'trading system thread' entry. sorry if i have to disappoint on that part.
but i think if you really, really read the thread, you will have a very good idea what i do, why i do it, and if it can work or not.

happy trading!
there is always, always another trade!!
  • #552
  • Jan 24, 2018 11:48am Jan 24, 2018 11:48am
Quoting NoStopsXXL
{quote} Have you had any allocations from PSY ? I see there that you fulfill all 3 requirements: over 75 rating, over 9 months trading, and over 1000USD
Actually Axitrader bought Psy, so, their 'incubation' program is one and same...
And to answer yes, i am and was part of the first group of traders to have some allocation, ( initially 5k), and that just progressed to the middle level *...what they call here the "accelerator phase". the moment that allocation stands at 32k. ( there is this level a 50k max, but my Axi live account is relative small, thus less than max).
if all progress smoothly, the next step is in approx 2 months...will see
that should be the part where things get interested really, the rest is necessary grinding. think of the big picture!

* a link if you like to read: https://psyquation.com/blog/2018-foc...ers-axiselect/
there is always, always another trade!!
  • #553
  • Jan 24, 2018 12:22pm Jan 24, 2018 12:22pm
Quoting profitfarmer
{quote} think of the big picture!
Okay that is great..... I thought I was getting confused between AXI and FIXI

I registered with PSY actually so one of my accounts is being followed there. Lets see what happens.

Keep up the good work
  • #554
  • Jan 24, 2018 12:36pm Jan 24, 2018 12:36pm
Quoting profitfarmer
{quote} hi CrocodileRex, without wanting to hurt your feelings, i think you arent following my thread too closely...else you would have most answers to your questions already, if not all let me copy this here from post#1: "many things i learnt seem to go against many things the gurus teach: i use no SL most of the time, but mental ones, that consider more the total equity protection. i use grids, to scale into trades. ok, nothing fixed size, but still a grid. on the other hand, aim for single entries where possible. i may or may not use...
Hi PF,

My apologies for that. I was just trying to pick your brain on how to implement your style of grid trading. The way i see it, you are trading some kind of reversal system (picking tops and bottoms) and i know it is totally fine if you won't share your trading system in a public forum. For instance, for the pound trades today, it is clearly a trending day today (after the fact) and you somehow managed to sell it and gain profit. I am really amazed by that.

I would greatly appreciate if you would point out some pointers on where should i learn more about grid trading. Are there any online resources you find helpful or guided you previously? I mean, the easiest way to learn is from a successful trader, isnt that right?

Cheers.
  • #555
  • Jan 24, 2018 1:23pm Jan 24, 2018 1:23pm
Quoting CrocodileRex
{quote} Hi PF, My apologies for that. I was just trying to pick your brain on how to implement your style of grid trading. The way i see it, you are trading some kind of reversal system (picking tops and bottoms) and i know it is totally fine if you won't share your trading system in a public forum. For instance, for the pound trades today, it is clearly a trending day today (after the fact) and you somehow managed to sell it and gain profit. I am really amazed by that. I would greatly appreciate if you would point out some pointers on where should...
CR, just for you some pointers, lets make it a few...and i will be laconic a bit beyond each point. they arent necessarily in order of importance.

1. grid, with some edge
2. capital protection
3. position size
4. time in trade
5. expectations

trials and errors.
i have some posts around the forum, even some i already forgot about, but obviously one if really want can dig things up...someone just had, a bunch of them. interestingly they seem to deal with many of these points. just remember, that without equity there is no way to place the next trade! ( and of course that there is always another one to take).
that said:
it is not, by any mean a sure fire win. i take losses, as in stops, i am far from 100% win rate ( not that i really care, or matter!)
successful? traders like to still retain some of their edge, being that as little as how to put the right balance between things...especially if one is looking to make a living from the very thing he is doing.
there is always, always another trade!!
  • #556
  • Jan 24, 2018 1:30pm Jan 24, 2018 1:30pm
Quoting CrocodileRex
{quote} Hi PF, My apologies for that. I was just trying to pick your brain on how to implement your style of grid trading. The way i see it, you are trading some kind of reversal system (picking tops and bottoms) and i know it is totally fine if you won't share your trading system in a public forum. For instance, for the pound trades today, it is clearly a trending day today (after the fact) and you somehow managed to sell it and gain profit. I am really amazed by that. I would greatly appreciate if you would point out some pointers on where should...
grid trading also called "dollar cost averaging".

say for example you have a profitable strategy that trades only one position at a time. you can still increase your chance of profit by dividing your single position onto smaller ones (say for example 3 maximum open positions). this way; you can enter the same position at different price levels and different times.

this is one way of looking at it.
  • #557
  • Jan 25, 2018 1:59am Jan 25, 2018 1:59am
today woke up, and thought since GU rise more, now it is even better an opportunity to scalp from the short side.
after all, yesterday i had such a fun day doing that, and nothing else.

boy, was i wrong?!

anyway, this journal is for me ( and the handful of readers) and out to be dealing with real things. that include the good, but also the bad and the ugly.
today i had a lot from the later 2, bad and ugly!

Attached Image (click to enlarge)
Click to Enlarge Name: GU 25.01..png Size: 32 KB


the chart doesnt show, the initial attempt was to fade yesterday high, and was here and there near BE, but then things rapidly changed, breaking 1.43
i think the chart is relative clear, that i was about to make my stance there, and was thinking it will be where the tide change.
i was wrong. happens. to everyone, me included. part of trading.
with drawdown suddenly piling in, the "enemy breaking thru my lines", must have to switch the plan.
the result to close some losses (tough luck that right on the very top, but need to control that downside!!
once the upward continuation failed, i could re-open some of those trade, of course, also resulted some better average...i always say that there is another trade. take this is example...
the closing was a scaling out, up to the BRN, that initially seem to offer support to the price.
liquidated all that was left, with a meager +0.31% gain on master. not much for the trouble really. though on my 2x risk account, that larger, had few additional scalps in, so, total result is actually very pleasing ( that is up +2.07%).

Attached Image (click to enlarge)
Click to Enlarge Name: GU 25.01. M1.png Size: 31 KB


of course, hindsight shows that right after i surrounder at BRN, the price went thru, dropping nothing less than 30 more pips in the very next 1 minute.
not that often happens that both get to cut exposure at the very top 1 min before the turn, and close all with minimal profit 1 min before a mad drop...
well, today is such a special day!

will see what the high impact Eur and Cad news bring, but frankly i may have had enough for today

happy trading!
there is always, always another trade!!
  • #558
  • Jan 25, 2018 2:22am Jan 25, 2018 2:22am
Quoting profitfarmer
today woke up, and thought since GU rise more, now it is even better an opportunity to scalp from the short side. after all, yesterday i had such a fun day doing that, and nothing else. boy, was i wrong?! anyway, this journal is for me ( and the handful of readers) and out to be dealing with real things. that include the good, but also the bad and the ugly. today i had a lot from the later 2, bad and ugly! {image} the chart doesnt show, the initial attempt was to fade yesterday high, and was here and there near BE, but then things rapidly...
I don't see any traces of the bad and the ugly on your TE, up 0.3% for the day you obviously know what you're doing but for most of us who haven't yet cracked "the code" the bad and the ugly can sometimes break us to the point of no return. So I see why you advocate low DD, when you're risking 0.5% or lower on each trade you just don't care about individual trades turning sour as it can happen with trading after all we're playing with probabilities. Because there's always the next 10 or 20 trades.
...
  • #559
  • Jan 25, 2018 2:59am Jan 25, 2018 2:59am
Quoting Piquant
{quote} I don't see any traces of the bad and the ugly on your TE, up 0.3% for the day you obviously know what you're doing but for most of us who haven't yet cracked "the code" the bad and the ugly can sometimes break us to the point of no return. So I see why you advocate low DD, when you're risking 0.5% or lower on each trade you just don't care about individual trades turning sour as it can happen with trading after all we're playing with probabilities. Because there's always the next 10 or 20 trades.
when DD was nearing -7%, that means i did misjudge things.
preparing to take of part/all is only prudent, when there is a max equity loss for SL.
but you nailed the main there, one where i see my niche: keep losses/drawdown small...the easiest way to to trade relative small.
cant post this beauty enough as reminder:

Attached Image (click to enlarge)
Click to Enlarge Name: DD recovery.png Size: 77 KB


by having better average price ( after all the initial entry went against me in the end 80 pips!), i could get out in profit lot earlier ( even though banging my head retrospect seeing the price retrace bellow that point, lol).
by not committing all my capital at once, but breaking up the trade to relative small lots, meant i had the flexibility to easily close/reopen partial, as the M5 chart shows i did quite a few times).

in the end, one need to know their forte and weakness, and admit to it honestly.
one of my weakness that i dont like to be wrong, another, that i dont like losing days. the 2 correlate of course.
i also know that risking maybe up to 10% is the number what both recoverable in relative short time, based on my past statistic, and my tolerance level to avoid revenge trading about it too.
i also know that 90%+ days this limit will allow me to close a profitable day, and satisfy my need to not lose and 'be right'.
what statistic?

Attached Image (click to enlarge)
Click to Enlarge Name: DD stat, up to Jan.png Size: 61 KB


there is no sure recipe, but i was able to recover from the dd every month so far. thus these are the numbers working for me.
i am also happy with how it corresponds with the profit on average.
Monthly:8.79%
Drawdown:7.86%

when i write about 'realistic expectations' i dont mean only to get a number out of thin air what either you or the consensus of others think it is doable.
i mean something, that you can work with, and comfortable with.
if for example ready to run bigger risk, for whatever reason, and the numbers still favorable, why not? of course that doesnt mean a max DD of 50-90%, that isnt just working, really.
an example, my 2x risk account trading the same trades generally, and occasionally maybe something few other...(equity SL max dd 20%)
Monthly:15.07%
Drawdown:13.57%

as it is, they still workable numbers. but not ideal for a track record. thus traded separately. my gains and losses bigger, but overall they show the same expectancy. it is workable, still with moderate risk, and very acceptable return.
this one runs since mid Sept, with only the one day at loss (-13.57%), and no other losses there since it sightly can differ from main.

once again, the important is to find something that suits you, both your personality and your expectations. of course those walking on clouds will have little hope, but in casino there are also occasional winners.

PS. to Piquant
your case, perhaps it isnt the best to try to tame DAX or Nikkei with relative small equity, and no flexibility to really size for the trades. maybe a disadvantage, maybe not. however, if something working dont change it. it also apply the way that if something not working look to change it!
this is a simple game to keep score, just have to look at the equity. instantly tells you if things working well or not.
there is always, always another trade!!
  • #560
  • Jan 25, 2018 3:09am Jan 25, 2018 3:09am
hi PF, interesting day indeed. have you seen NZDUSD overnight; spike of 100 pips in one minute.
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