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Rules on how to create or follow master account - need idea

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  • First Post: Mar 16, 2018 6:51am Mar 16, 2018 6:51am
  •  kimie
  • | Joined Apr 2017 | Status: Member | 16 Posts
Hello there. I want to ask your ideas on how to create or follow a good master account.

Ive been in forex trading in 10 years now, but recently i admit that im not talented to trade.

I change my strategy, instead of searching for a good trading system, I now searching a good trader.

I found 2-3 traders that I think can make me good money based on this naive rules: (myfxbook)

1.Account survive for more than 3 years.
2.Max Drawdown less than 10%
3.Monthly gain vs drawdown ratio at least 1:2 (if 1:2.5 or 1:3 and above are not good)

another rules that I was thinking is average drawdown per trade, but i dont know if this is a good rules.

I hope by having this based rules, I can also create my own trading strategy, or feed AI or machine learning with it.

another reason for this is, I remember at one time, i have some really really stupid strategy that making me constant profit for 2 years. but it was with $100 deposit.

once it reach $500, I start to have to lose my move. I dont know how to explain, but at that time i think i feel afraid im gona lose that $500 so i became paranoid and extra careful.

In my opinion if I can have a master account with $100, and slave account deposited with 10 times or 100 times the amount with the same lot percentage, i will do good.

but first i have to have this based rules.

I know this sounds so stupid and naive, but I want to ask help form experience members to understand what im trying to achieve and explain to me from the fundamental principals of this problems, and I hope, from there we can come up with a good parameters for this rules.
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  • Spreadbetter
  • Post #4
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  • Mar 17, 2018 1:42am Mar 17, 2018 1:42am
  •  kimie
  • | Joined Apr 2017 | Status: Member | 16 Posts
Quoting Spreadbetter
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Obviously you’re playing around with a bit of kids’ pocket money, but like the vast majority on FF, you’d be better DYOR and finding guys on for example: collective, Zulu or etoro to follow, rather than wasting your time trying to learn how to trade, and after ten years I’d question wtf you’ve been doing in that time tbh. However, on the latter two there’s a huge gaggle of absolute losers, who simply run versions of martingale strategies that eventually fail. But wtf? Why not investigate it? Fwiw in your position I’d be looking for guys with 2-3...
Ignored
30% annual which mean, 2.5% monthly

mothly vs drawdown ratio = 1:1.12

i never met this kind of account. is this from zulutrade or etoro? the highest quality account i i found only with 1:2.2

do you think this monthly vs drawdown ratio is a good parameters to identify good account?
 
 
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  • Mar 17, 2018 2:20am Mar 17, 2018 2:20am
  •  4for4
  • | Joined Apr 2017 | Status: 38737526 / 29052019 | 1,245 Posts
No trading system can handle both sides of the world ...
A “good” or even an “excellent” trend-following system will perform poorly during choppy market, and vice versa. An automatic system could probably perform even worse during a prolonged market condition as it can’t stop itself from trading ...

To trade somewhat “successfully”, common-sense analysis of the market using one or more theoretical references is, I think, the proper way to go. But doesn’t matter how good our analysis skill is, we can never know where the market is going next. That’s why I will suggest using the “straddling” technique to initiate a position by having upper and lower stop-orders. But please be warned, that this technique can’t be applied in all market conditions ...
Market is not random but unpredictable
 
 
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  • alphadude
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  • Last Post: Mar 17, 2018 9:22am Mar 17, 2018 9:22am
  •  Spreadbetter
  • | Membership Revoked | Joined Feb 2012 | 4,407 Posts
Look, I’ll never get bored with telling people that trading is about risk and probability first. You find folk to follow who risk little, to make modest gains, who experience little in the way of drawdowns. Do they exist? I don’t know, I haven’t analysed it. If they don’t exist, then don’t follow them and give up on the idea of copy trading.

Quoting kimie
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{quote} 30% annual which mean, 2.5% monthly mothly vs drawdown ratio = 1:1.12 i never met this kind of account. is this from zulutrade or etoro? the highest quality account i i found only with 1:2.2 do you think this monthly vs drawdown ratio is a good parameters to identify good account?
Ignored
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
 
 
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