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3% a day or bust challenge - Are you in?

  • #21
  • Jul 28, 2018 2:40am Jul 28, 2018 2:40am
Quoting alphadude
since you have invited all of us to join your contest; here is mine from Verbal Dierra; and is been running since Janary 3, 2018 todate. Consistent profit, profitable months, and max drawdown of 10% for over 7 months now. and no custom dates. all in, 100% shown; not hiding anything this is how business is done mate. https://www.myfxbook.com/members/scalptastic/alphastrategies/2458475

This looks incredible ad!

"Technical, Automated" ... sexy.

"Drawdown: 10.85%"... super duper sexy.
  • #22
  • Jul 28, 2018 8:28am Jul 28, 2018 8:28am
Signed up to take part in this..this looks fun and interesting!
  • #23
  • Jul 28, 2018 1:23pm Jul 28, 2018 1:23pm
Wow. 600% return!

You must be a multi millionaire by now!!
'For the market to work, it needs people who think that they can beat it.'
  • #24
  • Jul 29, 2018 8:31am Jul 29, 2018 8:31am
Quoting MrMVP
Signed up to take part in this..this looks fun and interesting!
Pass your link and i will post it on the home page. Thus far, i a m only up 3% from start date. I was able to recover after the loss by simply following what got me here. Recovery of over 600% isn't anything to sneeze at. Alphahater why not link your account to TE so i can post it here for everyone to see. Infact, i will be opening an account with pepperstone in order to load the TE to the main page.
Read my shouts to get myfxbook link
  • #25
  • Jul 29, 2018 8:33am Jul 29, 2018 8:33am
Quoting AlastorFate
Wow. 600% return! You must be a multi millionaire by now!!
In my own rate I would like to believe I am. This system only works by reversing orders. Not having more than 2 straight losses is the key here. What most people won't like about this system is the risk i take, but that is money management and has nothing to do with when one should buy or sell.
Read my shouts to get myfxbook link
  • #26
  • Jul 29, 2018 9:11am Jul 29, 2018 9:11am
Quoting IggyMon
{quote} Pass your link and i will post it on the home page. Thus far, i a m only up 3% from start date. I was able to recover after the loss by simply following what got me here. Recovery of over 600% isn't anything to sneeze at. Alphahater why not link your account to TE so i can post it here for everyone to see. Infact, i will be opening an account with pepperstone in order to load the TE to the main page.
What link do you require? I am still under moderation so posting is difficult, once I am granted full membership, I will comply with the rules to this contest! Will likely introduce this contest (and forum) to a few fellow trader pals too!
  • #27
  • Jul 29, 2018 1:08pm Jul 29, 2018 1:08pm
Quoting MrMVP
{quote} What link do you require? I am still under moderation so posting is difficult, once I am granted full membership, I will comply with the rules to this contest! Will likely introduce this contest (and forum) to a few fellow trader pals too!
If you have a real account simply link it to your Trade explorer and notify me as I would be able to link it to this thread. I'll be waiting for your response.
Read my shouts to get myfxbook link
  • #28
  • Jul 29, 2018 1:12pm Jul 29, 2018 1:12pm
Quoting alphadude
since you have invited all of us to join your contest; here is mine from Verbal Dierra; and is been running since Janary 3, 2018 todate. Consistent profit, profitable months, and max drawdown of 10% for over 7 months now. and no custom dates. all in, 100% shown; not hiding anything this is how business is done mate. https://www.myfxbook.com/members/scalptastic/alphastrategies/2458475

Sadly you won't be able to partake in this contest because your daily profits are way to low. Very good on 10% drawdown but do you know how I know your system.is as trash as Davit and Profitfarmer? For the simple fact that your drawdown, 10%, is way more than any of your wins. Not to mention, Forexfactory shows the real Dd and if you were to link that account to ff i bet you it would be more than 10% Nice try AlphaHater but go play in a sandbox with your hidden stats sweety. His avg win % is .5% and his largest drawdown was 10% lmaoooooooooooooooo horrible!
Read my shouts to get myfxbook link
  • #29
  • Jul 29, 2018 2:29pm Jul 29, 2018 2:29pm
Quoting IggyMon
{quote} Sadly you won't be able to partake in this contest because your daily profits are way to low. Very good on 10% drawdown but do you know how I know your system.is as trash as Davit and Profitfarmer? For the simple fact that your drawdown, 10%, is way more than any of your wins. Not to mention, Forexfactory shows the real Dd and if you were to link that account to ff i bet you it would be more than 10% Nice try AlphaHater but go play in a sandbox with your hidden stats sweety. His avg win % is .5% and his largest drawdown was...

hahahahahahahahaha !!



but the hotforex is going to lower leverage and increase stop out level, what will you do ? will you become a good christian once and for all ?
  • #30
  • Jul 29, 2018 3:24pm Jul 29, 2018 3:24pm
Quoting IggyMon
{quote} If you have a real account simply link it to your Trade explorer and notify me as I would be able to link it to this thread. I'll be waiting for your response.
Can you see it? I'm still waiting for full membership.
  • #31
  • Jul 29, 2018 3:56pm Jul 29, 2018 3:56pm
Quoting HeyYou
{quote} This looks incredible ad! "Technical, Automated" ... sexy. "Drawdown: 10.85%"... super duper sexy.
agree; with hard work comes the sexy

my system is fully automated; i don't do manual trading at all.

it is backtested thouroughly for more than 7 years. The results is very close to the backtest result.

if I want to be nasty aggressive trader like iggymon; I can easily get me to make %%%% per day; with large drawdowns of 90% and above !!!!

however; I purposely keep the risk low; in order to have shorter recovery time.

losing 10% of account size; means you have to make 20% to recover it.
losing 50% means you have to make 100% to recover that loss
losing 90% like iggy mon; means you have to make 900% to recover the loss
etc.

the difference between professional trader and amateur; is; risk. how much do you risk everyday? how much you are willing to lose? how confident that you will make PNL consistently? can you sleep well at night?
  • #32
  • Jul 29, 2018 4:19pm Jul 29, 2018 4:19pm
Quoting alphadude
{quote} agree; with hard work comes the sexy my system is fully automated; i don't do manual trading at all. it is backtested thouroughly for more than 7 years. The results is very close to the backtest result. if I want to be nasty aggressive trader like iggymon; I can easily get me to make %%%% per day; with large drawdowns of 90% and above !!!! however; I purposely keep the risk low; in order to have shorter recovery time. losing 10% of account size; means you have to make 20% to recover it. losing 50% means you have to make 100% to recover that...
Well if you had a 10% drawdown that would mean you were risking 20%. Well please open your stats and show us your trades so we can see how much % return was your highest win. Lol i can bet not one was even 10%. Or even 5% for that matter. Anyway. New week of trading so let us begin on the right foot.
Read my shouts to get myfxbook link
  • #33
  • Jul 29, 2018 4:25pm Jul 29, 2018 4:25pm
Quoting alphadude
{quote} agree; with hard work comes the sexy my system is fully automated; i don't do manual trading at all. it is backtested thouroughly for more than 7 years. The results is very close to the backtest result. if I want to be nasty aggressive trader like iggymon; I can easily get me to make %%%% per day; with large drawdowns of 90% and above !!!! however; I purposely keep the risk low; in order to have shorter recovery time. losing 10% of account size; means you have to make 20% to recover it. losing 50% means you have to make 100% to recover that...
awesome man !
You don't know how much time I spent backtesting lol... never found such a system like yours really, really congrats.



I also made this tremendous step toward conservativeness

Attached Image (click to enlarge)
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it's a bit difficult in the beginning, but after a while it feels very natural.
  • #34
  • Jul 29, 2018 4:41pm Jul 29, 2018 4:41pm
Quoting IggyMon
{quote} Well if you had a 10% drawdown that would mean you were risking 20%. Well please open your stats and show us your trades so we can see how much % return was your highest win. Lol i can bet not one was even 10%. Or even 5% for that matter. Anyway. New week of trading so let us begin on the right foot.
my portfolio is diversified by more than 10 strategies. from time to time; new strategies are added; and bad performing ones are removed. It's an investment process.

the objectives of my portfolio is to make 100% a year; with 10% drawdown. If you go back to my earlier posts in January 2018; that was my message.

As you can see after 7 months of trading; am reaching my objective. that is how precise my trading is.

my leverage with my broker is set at 1:100; I can ask for more; but I don't want to; because I want to keep my drawdown low.
  • #35
  • Jul 29, 2018 4:49pm Jul 29, 2018 4:49pm
Quoting HeyYou
{quote} awesome man ! You don't know how much time I spent backtesting lol... never found such a system like yours really, really congrats. I also made this tremendous step toward conservativeness {image} it's a bit difficult in the beginning, but after a while it feels very natural.
HeyYou, we all have been there.

I will give you a *golden tip* that I have learned by trial and error;

focus on mean reversion; and forget about trend following.

trend following systems tends to break and deviate from backtesting results.

you will find that a backtested mean reversion system; will very likely be successful in live trading.

this is because there is more edge in mean reversion than in trend following.
  • #36
  • Jul 29, 2018 5:05pm Jul 29, 2018 5:05pm
Quoting alphadude
{quote} HeyYou, we all have been there. I will give you a *golden tip* that I have learned by trial and error; focus on mean reversion; and forget about trend following. trend following systems tends to break and deviate from backtesting results. you will find that a backtested mean reversion system; will very likely be successful in live trading. this is because there is more edge in mean reversion than in trend following.
Agree with you here, mean reversion is king. Much tighter risk always than trend following.
  • #37
  • Jul 29, 2018 7:25pm Jul 29, 2018 7:25pm
Attached File(s)
File Type: mp4 VID_19820718_141001_406.mp4   4.8 MB | 464 downloads

Attached Image (click to enlarge)
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Going for the weekly goal on this one trade being as the system has called this as a 99.99999% chance of the tp hitting before sl. Let's see how it pans out.

Quoting alphadude
{quote} my portfolio is diversified by more than 10 strategies. from time to time; new strategies are added; and bad performing ones are removed. It's an investment process. the objectives of my portfolio is to make 100% a year; with 10% drawdown. If you go back to my earlier posts in January 2018; that was my message. As you can see after 7 months of trading; am reaching my objective. that is how precise my trading is. my leverage with my broker is set at 1:100; I can ask for more; but I don't want to; because I want to keep my drawdown low.
well your goals don't match what this thread is about. There is no way on Earth you could compete with a scalper nor do you have the guts to open your myfxbook history as it would reveal that your drawdown is greater than 10%. Myfxbook doesnt count drawdown when the account has failed to update and even if you delayed the updateto manipulate the drawdown the histroy would give it away. Typical scammer tendency to make people believe what isn't true. So Alphahater open up the stats so i can prove to the world that your drawdown is much higher.
Read my shouts to get myfxbook link
  • #38
  • Jul 29, 2018 7:38pm Jul 29, 2018 7:38pm
Up 10% as i type this.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-07-29-19-36-43.png Size: 152 KB
Read my shouts to get myfxbook link
  • #39
  • Jul 29, 2018 10:52pm Jul 29, 2018 10:52pm
Quoting IggyMon
Up 10% as i type this. {image}
Good start for this contest. Clocked 10%.
  • #40
  • Jul 29, 2018 11:00pm Jul 29, 2018 11:00pm
Mr MVP has started off very nicely. His profit is already larger than AlphaHaters largest win multiplied by 4. .14.2% gain as i was only able to get 12% on that EU buy.
Attached Image (click to enlarge)
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Read my shouts to get myfxbook link
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