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45% in 3 months....

  • #1
  • First Post: Edited 8:31am Jun 20, 2018 6:33am | Edited 8:31am
https://www.myfxbook.com/members/Ebb...ic-usd/2474465


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Hi all,
I came across this system on Myfxbook and was wondering if it was worth investing in? As FF has a wealth of experience I was hoping for some feedback on this. As you can see the equity curve is quite unbelieveable and it has made a very impressive +45 percent in a mere 3 months.


After asking several times for a view of their history of trades this was finally made public a couple of days ago...please see below.

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What does worry me is the series of trades which coincide with a -22 percent drawdown before recovering. Please, Any thoughts on this system??

Thanks in advance.
  • #2
  • Jun 20, 2018 7:43am Jun 20, 2018 7:43am
First, it is better to see 6 months or 1 year history to get a better gauge of risk/reward. If you are afraid of missing out, invest a small amount: Enough that -22% draw down will still let you sleep comfortably. The few folks I know that use this method to invest, usually spread small-med amounts over a portfolio of these funds. They let time weed out the real performers from shooting stars and reinvest in the best performers.
  • #3
  • Edited 8:36am Jun 20, 2018 8:05am | Edited 8:36am
Quoting nickcnew
{image} Hi all, I came across this system on Myfxbook and was wondering if it was worth investing in? As FF has a wealth of experience I was hoping for some feedback on this. As you can see the equity curve is quite unbelieveable and it has made a very impressive +45 percent in a mere 3 months. After asking several times for a view of their history of trades this was finally made public a couple of days ago...please see below. {image} What does worry me is the series of trades which coincide with a -22 percent drawdown before recovering. Please,...

I would not.

3 months is really not enough, the growth curve is too smooth IMHO, also what would worries me the most is the huge valley on the equity curve that happened a few days ago.

What is the average loss/win ?
LDFX Trading Ltd
  • #4
  • Jun 20, 2018 8:18am Jun 20, 2018 8:18am
Quoting LDFX
{quote} I would not. 3 months is really not enough, the equity curve is too smooth IMHO, also what would worries me the most is the huge valley on the equity curve that happened a few days ago. What is the average loss/win ?

Hi LDFX,
All the trades are in lots of 0.35 until a loss, then it seems to double 0.7..1.4..2.80..5.60 and 11.20 until the trade wins and it goes back to the beginning. I agree with you the equity curve is almost too perfect and I wonder what would happen if the 11.20 trade fails? That is my worry but thanks for input anyway.
  • #5
  • Jun 20, 2018 8:24am Jun 20, 2018 8:24am
Quoting nickcnew
{quote} Hi LDFX, All the trades are in lots of 0.35 until a loss, then it seems to double 0.7..1.4..2.80..5.60 and 11.20 until the trade wins and it goes back to the beginning. I agree with you the equity curve is almost too perfect and I wonder what would happen if the 11.20 trade fails? That is my worry but thanks for input anyway.
Forget it, it double until the trade wins, it is martingale and will fail, that is why the valley on the equity curve, a drop of like 20% floating loss in a single day is just crazy, one day or another it will be total bankrupt, unfortunately myfxbook is full of those systems.
LDFX Trading Ltd
  • #6
  • Jun 20, 2018 8:27am Jun 20, 2018 8:27am
You don't need to look any farther than the drawdown.
  • #7
  • Jun 20, 2018 8:29am Jun 20, 2018 8:29am
Quoting lemercenaire
You don't need to look any farther than the drawdown.

Thanks for the response guys, really appreciate it..........
  • #8
  • Jun 20, 2018 9:15am Jun 20, 2018 9:15am
also, its a cent account, run fast................................
  • #9
  • Jun 20, 2018 10:23am Jun 20, 2018 10:23am
Quoting reinerh
also, its a cent account, run fast................................
Can you elaborate on that? Thank you!
  • #10
  • Jun 20, 2018 10:25am Jun 20, 2018 10:25am
Quoting nickcnew
https://www.myfxbook.com/members/Ebb...ic-usd/2474465 {image} Hi all, I came across this system on Myfxbook and was wondering if it was worth investing in? As FF has a wealth of experience I was hoping for some feedback on this. As you can see the equity curve is quite unbelieveable and it has made a very impressive +45 percent in a mere 3 months. After asking several times for a view of their history of trades this was finally made public a couple of days ago...please see below. {image} What does worry me...
11 lots seems abnormal. Can anyone help with that?
  • #11
  • Edited 1:20pm Jun 20, 2018 10:54am | Edited 1:20pm
Quoting Newtoff
{quote} Can you elaborate on that? Thank you!
A cent account is exactly what it seems. The value of the account is in CENTS. So for example if a balance is shown as $100000 it is actually just $1000, which means the value of this account is just $650...……

Thanks Reinerh
  • #12
  • Jun 20, 2018 10:56am Jun 20, 2018 10:56am
Quoting LDFX
{quote} I would not. 3 months is really not enough, the growth curve is too smooth IMHO, also what would worries me the most is the huge valley on the equity curve that happened a few days ago. What is the average loss/win ?
Would you be able to further explain your view on the growth curve? Very interesting point. Thank you so much!
  • #13
  • Jun 20, 2018 10:58am Jun 20, 2018 10:58am
Quoting nickcnew
{quote} A cent account is exactly what it seems. The value of the account is in CENTS. So for example if a balance is shown as $100000 it is actually just $1000
I see, thank you. I didn't notice that. That seems almost intentionally vague? I hadn't caught that point.
  • #14
  • Jun 20, 2018 11:14am Jun 20, 2018 11:14am
Quoting nickcnew
{quote} A cent account is exactly what it seems. The value of the account is in CENTS. So for example if a balance is shown as $100000 it is actually just $1000, which means the value of this account is just $650......... mmmmmmmmmmmm maybe I won't invest in this after all. Thanks Reinerh
Wait, the balance shows $65,500. Is that not accurate? Are you saying that there is actually only $650 in this account? Wow
  • #15
  • Jun 20, 2018 1:25pm Jun 20, 2018 1:25pm
Martingale
"Money makes Money"
  • #16
  • Jun 20, 2018 1:27pm Jun 20, 2018 1:27pm
Quoting syndicat
Martingale
Yeah, that's what I'm figuring out. Dangerous stuff from anything long term.
  • #17
  • Jun 20, 2018 1:34pm Jun 20, 2018 1:34pm
Yes it's martingale. Lot of unprofitable orders doubles ....
Account Management Services
  • #18
  • Jun 20, 2018 1:37pm Jun 20, 2018 1:37pm
Quoting redmachinefx
Yes it's martingale. Lot of unprofitable orders doubles ....
Thank you for the verification. I am learning and don't want to get SCAMMED...
  • #19
  • Edited Jun 21, 2018 12:41am Jun 20, 2018 2:35pm | Edited Jun 21, 2018 12:41am
This is the EbbCoin team here to reply to this thread:

People will say whatever they like, but the system works no matter what people want to call it. 11.2 lots only exposes the account by using 4% of the margin. Even if it doubles, thats 8% margin. Max drawdown with 8 open orders all negative is no more than 30% risk on the balance. We have a hard stop of 35% drawdown. The script has never experienced more than 8 open orders. We also have 100% back up from the other account. In reality, if you put all the funds in one account; we would expect to use 1% of the margin with less than 10% drawdown. Yes, if inexperienced users try to use the system without guidance, they could blow their account. We have all the nessesary measures in place to protect any unforeseen event.

Attached Image



Also to address the silly "cent account" comment, this is a screenshot of our FX OPEN account showing the account balance clearly in USD. We had to turn off our script and close trades to get an accurate balance otherwise the balance and floating p/l would not add up: https://ibb.co/nrf2N8

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  • #20
  • Edited 4:48pm Jun 20, 2018 4:08pm | Edited 4:48pm
Quoting Newtoff
{quote} Would you be able to further explain your view on the growth curve? Very interesting point. Thank you so much!
A growth curve that is very smooth is usually (not always) a sign that the trades have no real stop loss.
LDFX Trading Ltd
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