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has anyone EVER seen a successful trader/trading system?

  • #401
  • Oct 1, 2019 12:29pm Oct 1, 2019 12:29pm
Quoting papamax
{quote} What you are saying is true in many cases.... However all the information you need is down here: {image} Average Trade Length Average Win Average Loss % Win And Pip Expectancy per trade These number show it is not risk accumulating... The difference in gains is affected by Withdrawals / Deposits. As for the broker, yes, they can play around... But that is a large asian broker, not very known in the west. But who knows... I don't know the guy

I will give you two more clues

1.When you withdraw profits you have higher Abs. Gain than Gain, if it is the opposite you have lost more that the chart is showing and you where probably adding money during DD.

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2.The number of trades 532 is very disproportional to the Gain %
  • #402
  • Oct 1, 2019 1:23pm Oct 1, 2019 1:23pm
Quoting Fmz
{quote} I will give you two more clues 1.When you withdraw profits you have higher Abs. Gain than Gain, if it is the opposite you have lost more that the chart is showing and you where probably adding money during DD. {image} 2.The number of trades 532 is very disproportional to the Gain %

https://www.myfxbook.com/members/aut...le-eur/1644166

This is one of top ranked traders on MyFxBook autotrade, he is the one with most people copying him, which is fully verified by them and only done through their partner brokers... your theory about ABs Gain doesn't hold true...

As you can see he withdrew all his money and look what happened to Abs Gain... BTW he is a very good stable trader

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in addition, he has over 800 people who follow his signals....

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But hey, you are right, it is impossible to be a stable trader, they should just shut this forum down.
  • #403
  • Oct 1, 2019 1:34pm Oct 1, 2019 1:34pm
This post here closes my participation on this thread.... I am done, believe if it is possible or not.


https://www.myfxbook.com/members/Krav/bushmills/3397578

Roboforex that one

https://www.myfxbook.com/members/aut...ht-owl/2394499

IcMarkets here - Check there again what Withdrawing more than you deposited does to your absolute gain...

https://www.myfxbook.com/members/aut...tf-202/3355333

Think Markets

https://www.myfxbook.com/members/aut.../paass/3242850

Another from Autotrade

I guess all these big brokers are just cheating these accounts so a couple of guys can cheat everybody else.

There are many others but I won't be here all day collecting stuff to try and prove the obvious point that it is possible to make money consistently...
  • #404
  • Oct 1, 2019 2:46pm Oct 1, 2019 2:46pm
Quoting papamax
This post here closes my participation on this thread.... I am done, believe if it is possible or not. https://www.myfxbook.com/members/Krav/bushmills/3397578 Roboforex that one https://www.myfxbook.com/members/aut...ht-owl/2394499 IcMarkets here - Check there again what Withdrawing more than you deposited does to your absolute gain... https://www.myfxbook.com/members/aut...tf-202/3355333 Think Markets https://www.myfxbook.com/members/aut.../paass/3242850 Another from Autotrade I guess...
IC and Think, are ok, although IC is also risk accumulating dangerous strategy you can recognize it by the downward spikes in the equity. That is why the return is very low compared to the DD. I expect ti account get in trouble soon. Think looks interesting, the history is not very long and it is tearing mostly EURUSD which was in tight range, so it will be interesting.

The difference between them and the other from brokers without any regulation is obvious.

This one
https://www.myfxbook.com/members/aut...le-eur/1644166
Also risk accumulating and very dangerous. Full of bulls**
The actual return is very low
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The curve and the Gain% looks very good only on paper because it is thanks to the constant move of funds in the balance
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The draw down is 16% and for sure can be a lot higher with such system, average monthly return is below 1%
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The only one that makes money from this account is the vendor. Try following him if you don`t believe me. Try some of this systems, I have showed you how they end.
"Picking up nickels in front of a steam roller" This is what they are doing, try them and you will see.
  • #405
  • Oct 1, 2019 9:42pm Oct 1, 2019 9:42pm
Its impossible to make money in the market without volatility.
When you see it, BET big.
  • #406
  • Edited 7:13am Oct 2, 2019 5:25am | Edited 7:13am
Quoting Rennaissance
You guys can keep dreaming if you think anyone here can compete with the medallion algorithm. The next thing is how many trades do you think it makes in a year? Can you trade those strategies, remember this HFT does not pay commissions. Some high frequency traders are only right 53% of the times with 1:1 RR, the consistent return you see is the result of a huge sample of trade.
Some claim they make 30-50 million trades a year. A big chunk of it was arbitrage trades with basket options. Used to extend holding times above 1 year and avoid taxes that would occur for short term trading. The IRS was on it. They settled in 2019 .... as always, instead of going to the core of it and expose the whole scheme in detail to the public.

https://www.bloomberg.com/news/artic...lions-in-taxes

A bipartisan Senate panel estimated in 2014 that Medallion investors underpaid their taxes by some $6.8 billion over more than a decade by masking short-term gains as long-term returns.

Here we go again....if you dig deeper on all this so called success stories you finally start to find dirt instead of gold. The nicely painted picture of a math genius that found a way to outpredict markets starts to fall apart. All speculative trading is zero sum in it's nature.... so retail traders lose the money they gained and taxpayer paid the taxes they avoid.

I wouldn't be surprised if the core of their gains comes not from prediciting the market, it is from moving the market in the direction of their positioning by applying high end financial propaganda, als well as HFT games, playing arbitrage games (high risk of money laundering schemes) and more of the tools that knowingly work, but are either totally unfair, outright illegal or become illegal as soon as the regulator understands the loophole and closes it.

Looks like they found a way to somehow leverage the penny stock scam model to a whole new level thanks to AI combined with big data. Then they used similar technology to help Trump to become POTUS. I certainly don't buy the story of patterns recognition that give them an edge over such a long period of time without any erosion..... highly unlikely.

Smart as the are the two core persons support both parties.... Mercer the Republicans and especially Trump, Simons the Democrats. So whatever partie is on, they have the connections to game the system in their favour.... money rules in both parties and it rules the world.
  • #407
  • Oct 2, 2019 6:24am Oct 2, 2019 6:24am
Quoting GEfx
{quote} 1. I'm gonna guess that you feel qualified to define how high? 2. There are no innocent bystanders harmed when you place a losing trade. Are we to believe that your neighbor feels pain when you take a loss? 3. The industry might disagree with you. By the way, which industry?
3) Retail forex industry, but also Binary Options, Penny Stocks ... all the "casino" types of trading instruments.
2) Can't even begin here. I think you are joking.
1) Retail forex traders should only be allowed to trade if they purchased a "trader's permit" This fund will be used to clean up the damages done to individuals especially family and society and for rehab!
  • #408
  • Oct 2, 2019 8:18am Oct 2, 2019 8:18am
this is a honest report of MyFxBook.. Is demo.. I know.. but honest.. real time data.. also you have a Explorer trades FF of the last month-. and you can download EA to test. https://www.forexfactory.com/showthread.php?t=951527
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  • #409
  • Oct 2, 2019 8:55am Oct 2, 2019 8:55am
Quoting Mingary
{quote} 3) Retail forex industry, but also Binary Options, Penny Stocks ... all the "casino" types of trading instruments. 2) Can't even begin here. I think you are joking. 1) Retail forex traders should only be allowed to trade if they purchased a "trader's permit" This fund will be used to clean up the damages done to individuals especially family and society and for rehab!
Wow, this is pretty funny. So retail traders pay into a fund as an added cost to their trading, when opening an account. Let's call it the Mingary fund. Then you can file a claim against the fund to recover your losses? You want your fellow traders to fund your losses? Or someone in your family will file a claim? Maybe use your "claim" against the fund as collateral for your car payment? Perhaps a better approach is for you to fucking man up, stop bitching about your losses, own your failure, embrace your suck, and get to work at a job to recover financially, if not psychologically. You've been beating this poor dead horse for way too long.
  • #410
  • Oct 2, 2019 10:14am Oct 2, 2019 10:14am
Quoting GEfx
{quote} Wow, this is pretty funny. So retail traders pay into a fund as an added cost to their trading, when opening an account. Let's call it the Mingary fund. Then you can file a claim against the fund to recover your losses? You want your fellow traders to fund your losses? Or someone in your family will file a claim? Maybe use your "claim" against the fund as collateral for your car payment? Perhaps a better approach is for you to fucking man up, stop bitching about your losses, own your failure, embrace your suck, and get to work at a job to...
Why do you think car insurance is more expensive for young drivers ?
Because the risk is higher.

Same with retail forex trading, it's a high risk activity, like base jumping.
It's a known fact people lose, nearly a 100% rate.
There should be a compensation provided for the widow after a suicide or part of a settlement for a divorce or to replace the savings of a life time that got wiped out.
A trader's permit is an insurance against stupidity.
Once a trader has to pay to trade in retail forex you can be sure that it will have a sobering effect ... Trading will become a lot more real and much better
  • #411
  • Oct 2, 2019 10:41am Oct 2, 2019 10:41am
Sorry for interrupting. Someone tryna sell me his "bot". Is this scam?
I havent this kind of lot size and pips earning so small amount of profit. There is a discrepancy between lot size and profits. But the seller is insisting its real. I have zero interest in buying it. But I do wanna know if its photoshopped. I had to erase my face with orange circle because the seller screencaptured his trade history with my facebook messenger profile.

45 lots x 22 pips is supposed to be 10k but only earned 990. Why is this??
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  • #412
  • Oct 2, 2019 10:54am Oct 2, 2019 10:54am
Trader insurance wouldnt work since they would need to pay to almost every client and i cant believe someone is suggesting it lol.
Necessity knows no law except to conquer
  • #413
  • Oct 2, 2019 12:08pm Oct 2, 2019 12:08pm
Quoting Mingary
{quote} 3) Retail forex industry, but also Binary Options, Penny Stocks ... all the "casino" types of trading instruments. 2) Can't even begin here. I think you are joking. 1) Retail forex traders should only be allowed to trade if they purchased a "trader's permit" This fund will be used to clean up the damages done to individuals especially family and society and for rehab!
I love your third point.... You mean the damages they did to themselves? Nobody forces anyone to trade, to deposit money or even to look for "magical" ways of making money, which BTW if they happen to make they will not share with anyone... People should take responsibility for their decisions and face the consequences of bad ones, regulate it, reduce leverage and etc but this is a free world, no one is forced to do anything. Same way nobody is forced to drink, eat crap or to gamble OR to practice yoga, eat well, take care of themselves... Some people make good decisions and some don't, thats how it is.... Let people decide what they want for themselves... What happens if you kill someone? You face the consequences, right? Because nobody forced you to do it....
  • #414
  • Oct 2, 2019 12:10pm Oct 2, 2019 12:10pm
Quoting GEfx
{quote} Wow, this is pretty funny. So retail traders pay into a fund as an added cost to their trading, when opening an account. Let's call it the Mingary fund. Then you can file a claim against the fund to recover your losses? You want your fellow traders to fund your losses? Or someone in your family will file a claim? Maybe use your "claim" against the fund as collateral for your car payment? Perhaps a better approach is for you to fucking man up, stop bitching about your losses, own your failure, embrace your suck, and get to work at a job to...
Second that!!
  • #415
  • Oct 2, 2019 12:19pm Oct 2, 2019 12:19pm
Quoting Mingary
{quote} Why do you think car insurance is more expensive for young drivers ? Because the risk is higher. Same with retail forex trading, it's a high risk activity, like base jumping. It's a known fact people lose, nearly a 100% rate. There should be a compensation provided for the widow after a suicide or part of a settlement for a divorce or to replace the savings of a life time that got wiped out. A trader's permit is an insurance against stupidity. Once a trader has to pay to trade in retail forex you can be sure that it will have a sobering...

Sure, should we also get a babysitter to help them cross the road? The is no insurance against stupidity... That's nature my friend! If the gazelle is not careful it will get eaten by the Lions.... It happens in every level of the animal kingdom, in this planet, maybe when you build your own planet you can have it differently... In this one this is how it works... If you make a mistake crossing the road you die, if you make a bad mistake while driving you die, sometimes you might not even make a mistake, you might be walking on the side walk and a tree falls on top of you... Quit the non-sense, stop trying to change the unchangeable!
Living is risky.... So risky you are not getting out of it alive! Man up!
  • #416
  • Edited 5:05pm Oct 2, 2019 4:47pm | Edited 5:05pm
Quoting papamax
{quote} Sure, should we also get a babysitter to help them cross the road? The is no insurance against stupidity... That's nature my friend! If the gazelle is not careful it will get eaten by the Lions.... It happens in every level of the animal kingdom, in this planet, maybe when you build your own planet you can have it differently... In this one this is how it works... If you make a mistake crossing the road you die, if you make a bad mistake while driving you die, sometimes you might not even make a mistake, you might be walking on the side...
You seem to like analogies as much as I do. Perhaps this will make more sense.
---
You decide to drink and drive. And indeed "You make a bad mistake". You kill five people.
No doubt you were an irresponsible idiot. Hopefully, the car insurance will pay for the damages to some extent.

You decide you should take up bungy jumping and rock climbing (safety ropes are for sissies)
You buy life insurance.
You are asked to list the beneficiaries... just in case..

---
A "Trader's permit" works the same way. It does not benefit the trader.
It benefits the people the trader cared about.
just in case ...
  • #417
  • Edited 7:22pm Oct 2, 2019 6:37pm | Edited 7:22pm
Quoting Mingary
{quote} You seem to like analogies as much as I do. Perhaps this will make more sense. --- You decide to drink and drive. And indeed "You make a bad mistake". You kill five people. No doubt you were an irresponsible idiot. Hopefully, the car insurance will pay for the damages to some extent. You decide you should take up bungy jumping and rock climbing (safety ropes are for sissies) You buy life insurance. You are asked to list the beneficiaries... just in case.. --- A "Trader's permit" works the same way. It does not benefit the trader. It benefits...
You are mistaken in both cases...

Car insurances will NOT cover your injuries or damages to your car or property (nor pay your wife or kids) if you cause an accident while drunk... It will cover third parties whom had nothing to do with your stupid acts but not you

And Life insurance is the same thing... If you die in a rock climbing accident you will not be covered (unless you had specific cover for that) without proper safety equipment forget it, lost cause.. If you commit suicide they won't pay up either...

But hey, why not, give it a try... Write to the regulators and insurance companies see if they can design a product tailored for your needs... Even car insurance is not mandatory to cover the policy holder, only third party cover is mandatory... They expect people to be able to take care or be responsible to damages to themselves if they so choose not to take one...

Even bank deposits/balances are not covered above certain amount if a bank goes bankrupt (which you would have nothing to do with) and you want a cover for people who made bad trading decisions themselves? Sure.

And just to finalise on this topic... If you go to bank and invest your money in one of their managed funds, you have to sign a contract saying that you understand the risks and you are at risk of losing all your capital and you accept it and want to go ahead with the investment.... just like when you open a broker account! So on the bank where THEY will manage the fund you are not covered (it doesnt matter if thats your hard earned savings, if your family needs it or whatever, they don't assume the responsibility for your decision of given them your money to play with), and you want a coverage if you manage investments for yourself and make bad decisions?

You are looking for a 100% safe dream life that doesn't exist, that's not how this world operates.... the sooner your learn that, the quicker you will do better at everything.... People go broke, its a risk its part of life! You can be a multi millionaire, make bad choices and go broke, you can be average and go broke, you can be broke and get rich, you can be average and get rich... Massive companies go broke... a lot of things that happen affect a lot of people, be it tragedy, be it mistakes, anything... no one is protected 100% of the time, and it will never happen... Casinos are full of signs everywhere that you can and will lose your money, gamble with responsibility etc etc etc... people keep doing it... should they put an insurance up? well, if you just want to play you can play with your family, without money involved or with a demo account if forex is a distraction for you... but if you are trading expecting to win (and happy to take peoples money) you should be ready to accept the fact that they have the same right and might take your money as well.

If you go into a fight, there is a winner and a loser..... i haven't seen a fight yet where both win just because it is cute and fair and cool, people wouldn't watch that shit.
  • #418
  • Oct 2, 2019 7:32pm Oct 2, 2019 7:32pm
Quoting Mingary
{quote} Why do you think car insurance is more expensive for young drivers ? Because the risk is higher. Same with retail forex trading, it's a high risk activity, like base jumping. It's a known fact people lose, nearly a 100% rate. There should be a compensation provided for the widow after a suicide or part of a settlement for a divorce or to replace the savings of a life time that got wiped out. A trader's permit is an insurance against stupidity. Once a trader has to pay to trade in retail forex you can be sure that it will have a sobering...
This is just beyond stupid.

So, you open an account with, say, $5000. Because you, Mingary, are completely incompetent and dumb, you will need to send $5,000, plus expenses of maybe 15% or $750, to some insurance company, so they can cover your losses, or maybe send your poor wife money to cover your losses, or maybe your mortgage company or a innocent neighbor. In your sharp-as-a-tack mind, it now will cost you, up front, $10,750, to trade $5000, and after you crash that $5,000, account, you'll get your $5,000 back. Your loss grows from $5,000 to $5,750. But man, you've delivered a powerful message to new traders.

Come on man, just give it a rest.
  • #419
  • Oct 2, 2019 7:46pm Oct 2, 2019 7:46pm
Quoting GEfx
{quote} This is just beyond stupid. So, you open an account with, say, $5000. Because you, Mingary, are completely incompetent and dumb, you will need to send $5,000, plus expenses of maybe 15% or $750, to some insurance company, so they can cover your losses, or maybe send your poor wife money to cover your losses, or maybe your mortgage company or a innocent neighbor. In your sharp-as-a-tack mind, it now will cost you, up front, $10,750, to trade $5000, and after you crash that $5,000, account, you'll get your $5,000 back. Your loss grows from...

I don't think he is suggesting that... if he is, he is more insane than i antecipated! He suggests, every trader pays money into a fund that will cover losses... but he is not good at maths, he is insane either way.... If the other party who is winning is covering for your losses what is the point of having the market in the first place? ... if they are getting covered by their losses there is no need for a market, nobody participates in it and therefore noone loses money... It is pretty simple, if someone is paying for your losses that money has to come from somewhere... if it is coming from the losers, then there won't be enough money to cover for the loses of everyone... if it is coming from the winners, then they would have to cover for the losses of all losers meaning they would have no wins... so we can shut the market down...
Or maybe he thinks he and a few selected people he likes would be the only ones entitled to have their losses covered by the fund.... LOL
  • #420
  • Oct 2, 2019 8:03pm Oct 2, 2019 8:03pm
Quoting Mingary
{quote} Why do you think car insurance is more expensive for young drivers ? Because the risk is higher. Same with retail forex trading, it's a high risk activity, like base jumping. It's a known fact people lose, nearly a 100% rate. There should be a compensation provided for the widow after a suicide or part of a settlement for a divorce or to replace the savings of a life time that got wiped out. A trader's permit is an insurance against stupidity. Once a trader has to pay to trade in retail forex you can be sure that it will have a sobering...
FX trading can actually be a lot less risky than most businesses. It is not inherently more risky. It just has much lower barriers to entry than most businesses and thus a lot more idiots involved. But they are part of the source of the winning trader's earnings so I am just fine with their foolishness.
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