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  • #2,821
  • Aug 5, 2021 2:29pm Aug 5, 2021 2:29pm
Quoting STrading
Then we can say that those 90% winrate is more of a fantasy in you head instead of it being a reality.
Sure you can say that. I just described to BW why the winrate is so high, also I said that it doesn't matter much, DD matter and profits.

Quoting STrading
You are just hidding your losses by hedging instead of closing the positions.
This is my trading strategy. I don't close first position in loss. Never. I made millions of tests and didn't found any SL-based approach with positive expectation. I'm averaging it 1-3 times (it depends on many factors) and then reverse if needed. I'm using advanced hedging tactics and I'm trading only using bot and only with high frequency.

Quoting STrading
But if you say that you have a 90% winrate people will probably think that you are a great trader right?
I don't care what people think. I never claim 90% winrate or I'm a good trader. Today my winrate was 100%. I earned +3.78% on forex and +16.22% on crypto. You think I'm good? Okay. You think I'm not? Okay. There are 7.674 billion people in the world, I don't care what they think.

Quoting STrading
Now if you say that you had a DD 10 times bigger than the profits that you had at the end of the day, well that is a very poor performance let me tell you, and it is very different of what i would expect from someone who comes here bragging about having a 90% winrate.
Yes, this is not good and as I said the hardest part of trading is to get balance between profit and floating DD.
Observer effect
  • #2,822
  • Edited 3:10pm Aug 5, 2021 2:43pm | Edited 3:10pm
Quoting ryuryu
{quote} Wrong calculations. Imagine you have 10000$, then you must trade 0.1 lot size on EU. Average gain (fees deducted) is 0.01 - 0.005% per trade. 50 * 0.005 = 0.25%. In fact average daily profit is from 0.25% to 0.75%. So it is 25$ daily from 10k account or 250$ from 100k, or 500$ from 200k. About 90% winrate. We are not using stop losses and build the position (or hedge) if necessary. That's why stops or basket trades closed in loss are rare and that' why it show that incredible winrate. For example today my winrate was 100%. There were no...
How long have you been trading like this?

I spent 5 years creating EA's with a friend which did exactly what your saying but never thought of doing it on an intraday basis, we did it on larger TF and was profitable for years until it hit 2008 and the likes, DD was always the biggest problem though(talking about back testing there btw)

Drawdown for me was always the key, I could have been very profitable a long time ago but always searching for perfection which has cost me years of pain

Now i understand that to be profitable you need the following in importance

1) A good understanding of the markets , which i believe can only come with many years of constant screentime, its like when you do something long enough it becomes almost an instinct (some people can pick this up quicker than others), if it feels good it usually is.

2) Have your exit plan in place, without this no matter what strategy you will suffer( This includes the greed scenario, everyone knows how it feels to see price continue in your favour when we have already taken our profit)

3) Trade a strategy which suits your personality, just because someone can make good money scalping, even if they give you the exact details it will not make you money in the long run if its not suited to the way your brain processes information

4) Set your risk and accept your losses, now i have always envied great scalper traders as they can really cash in on this as they are in and out of trades a lot quicker than swing traders etc who usually accept having a larger DD, imo a great scalping trader has the biggest potential to make the most money in retail trading (obviously this is account size dependant)

5) Do not bend your trading rules
  • #2,823
  • Aug 5, 2021 3:09pm Aug 5, 2021 3:09pm
Quoting ryuryu
{quote} Sure you can say that. I just described to BW why the winrate is so high, also I said that it doesn't matter much, DD matter and profits. {quote} This is my trading strategy. I don't close first position in loss. Never. I made millions of tests and didn't found any SL strategy with positive expectation. I'm averaging it 1-3 times (it depends on many factors) and then reverse if needed. I'm using advanced hedging tactics and I'm trading only using bot and only with high frequency. {quote} I don't care what people think. I never claim 90%...
Then whats the purpose of being back and forward with the 90% or 100% or whatever it is?
It is something that doesnt allow to correctly measure the performance of a system or trading method.
If someone says i have 90% winrate, well it looks good doesnt it, then DD 10 bigger than the profits, WTF, maybe next time do it the other way around, say i have a DD 10 times bigger than profits and then no one will give a fuck about your winrate.
It would be a better discussion if people would talk about what % of profit they can achieve and what was the DD that they had to get to those profits.

"advanced hedging tactics" man just stop that shit, you open a trade, you increase/decrease your exposure to the market and thats it. it can be done with a stop loss, i guarantee you, but you dont see me coming here with my advanced stop loss tactics do you.
  • #2,824
  • Aug 5, 2021 3:17pm Aug 5, 2021 3:17pm
Quoting STrading
{quote} Then whats the purpose of being back and forward with the 90% or 100% or whatever it is? It is something that doesnt allow to correctly measure the performance of a system or trading method. If someone says i have 90% winrate, well it looks good doesnt it, then DD 10 bigger than the profits, WTF, maybe next time do it the other way around, say i have a DD 10 times bigger than profits and then no one will give a fuck about your winrate. It would be a better discussion if people would talk about what % of profit they can achieve and what was...

I dont agree with what you just said as it depends on how often the trader goes into large DD to reach they're profit

All i see on FF is many people saying i can do this i can do that without backing it up, there are only 2 people i can honestly say have been transparent with theyre successful trading on FF to truely help others is Davit and Kette, others give worthless snippets and not the whole picture as deep down they do not want to help others they just like an ego boost
  • #2,825
  • Aug 5, 2021 3:33pm Aug 5, 2021 3:33pm
Quoting Wags
{quote} I dont agree with what you just said as it depends on how often the trader goes into large DD to reach they're profit All i see on FF is many people saying i can do this i can do that without backing it up, there are only 2 people i can honestly say have been transparent with theyre successful trading on FF to truely help others is Davit and Kette, others give worthless snippets and not the whole picture as deep down they do not want to help others they just like an ego boost
man has a brain and can think.
if there is a strategy, it can be deduced already from the details whether it is worthwhile to deal with it further or not.
of course this requires a certain level of knowledge.
  • #2,826
  • Aug 5, 2021 3:37pm Aug 5, 2021 3:37pm
Quoting tiborf71
{quote} man has a brain and can think. if there is a strategy, it can be deduced already from the details whether it is worthwhile to deal with it further or not. of course this requires a certain level of knowledge.

You assume its a man? your already 50% down
  • #2,827
  • Aug 5, 2021 3:41pm Aug 5, 2021 3:41pm
Quoting ryuryu
{quote} Wrong calculations. Imagine you have 10000$, then you must trade 0.1 lot size on EU. Average gain (fees deducted) is 0.01 - 0.005% per trade. 50 * 0.005 = 0.25%. In fact average daily profit is from 0.25% to 0.75%. So it is 25$ daily from 10k account or 250$ from 100k, or 500$ from 200k. About 90% winrate. We are not using stop losses and build the position (or hedge) if necessary. That's why stops or basket trades closed in loss are rare and that' why it show that incredible winrate. For example today my winrate was 100%. There were no...
I think I understand how you trade. Unfortunately, US citizens can't trade like this without having an offshore account, which is difficult to deal with when it comes to making deposits and withdrawals. And most foreign brokers won't do business with us. Traders from other countries clearly have an advantage over US traders. It must be nice to be governed by people who give you a fair shot at success.
Learn from your mistakes and march on.
  • #2,828
  • Aug 5, 2021 3:42pm Aug 5, 2021 3:42pm
Quoting Wags
{quote} You assume its a man? your already 50% down
talk more clearly.
  • #2,829
  • Aug 5, 2021 3:44pm Aug 5, 2021 3:44pm
Quoting tiborf71
{quote} talk more clearly.

Ok, read my post, then read your post, then read my post, actually read your post again
  • #2,830
  • Aug 5, 2021 3:44pm Aug 5, 2021 3:44pm
Quoting Wags
{quote} I dont agree with what you just said as it depends on how often the trader goes into large DD to reach they're profit All i see on FF is many people saying i can do this i can do that without backing it up, there are only 2 people i can honestly say have been transparent with theyre successful trading on FF to truely help others is Davit and Kette, others give worthless snippets and not the whole picture as deep down they do not want to help others they just like an ego boost
Yes it depends on how often the DD occurs but that is not the point, coming here and saying i have 90% winrate or 100% or whatever, it is something vague, it can be a great thing or not. Then why say it? Why try to make it something important. That is why i tell them that no one gives a fuck if they have a 100% winrate, if they want to develop and give us something to understand how they are performing then great if not then fuck off.
  • #2,831
  • Aug 5, 2021 3:47pm Aug 5, 2021 3:47pm
Quoting STrading
{quote} Yes it depends on how often the DD occurs but that is not the point, coming here and saying i have 90% winrate or 100% or whatever, it is something vague, it can be a great thing or not. Then why say it? Why try to make it something important. That is why i tell them that no one gives a fuck if they have a 100% winrate, if they want to develop and give us something to understand how they are performing then great if not then fuck off.

I agree with you 100% , whats the point of being on a forum giving little cryptic clues to something that you have no evidence that works unless its to boost your own ego

Otherwise they should just enjoy theyre profits and just fuck off down the pub and get a life lol

I would love to see all these so called profitable traders with like over 1000 thread posts create theyre own thread and do it properly
  • #2,832
  • Aug 5, 2021 3:54pm Aug 5, 2021 3:54pm
Quoting here2there
{quote} I think I understand how you trade. Unfortunately, US citizens can't trade like this without having an offshore account, which is difficult to deal with when it comes to making deposits and withdrawals. And most foreign brokers won't do business with us. Traders from other countries clearly have an advantage over US traders. It must be nice to be governed by people who give you a fair shot at success.
Few most important things to remember if the broker is NOT a member of investor protection fund, and is NOT regulated by investment industry regulatory organization of the country where they are, stay away from it. When you are a member of those I mentioned like for example the brokers I have from Canada, no matter what happens the trader is covered. They manipulate the price, go bankrupt whatever the case, you will get your money back the full amount and you will get it quickly.
  • #2,833
  • Aug 5, 2021 3:57pm Aug 5, 2021 3:57pm
Quoting Techanalyst
{quote} Few most important things to remember if the broker is NOT a member of investor protection fund, and is NOT regulated by investment industry regulatory organization of the country where they are, stay away from it. When you are a member of those I mentioned like for example the brokers I have from Canada, no matter what happens the trader is covered. They manipulate the price, go bankrupt whatever the case, you will get your money back the full amount and you will get it quickly.
Which brokers do you have in Canada who open their doors to US traders?
Learn from your mistakes and march on.
  • #2,834
  • Aug 5, 2021 4:01pm Aug 5, 2021 4:01pm
Quoting here2there
{quote} Which brokers do you have in Canada who open their doors to US traders?
Maybe this one:

https://www.avatrade.ca/about-friedberg
  • #2,835
  • Aug 5, 2021 4:03pm Aug 5, 2021 4:03pm
Quoting GEfx
{quote} My experience is exactly the opposite. My brokers moved me to a server with faster execution and lower spreads. Honestly, I have never had a problem with my brokers. But I don't know anything about brokers in Australia.
Hi GEfx

This may explain why I have problems with slippage and widening spreads with brokers when I trade larger lot size.

I trade Acute Liquidity Runs (ALR's) which are trades in areas of extremely low liquidity in either bids or asks.
The larger the trade size in low liquidity areas, the higher the slippage and thats a problem for me as I am only taking micro trades when I see the Bids or Asks hit Zero on a footprint Futures chart. Spread size becomes invalid at times just like spreads wider seconds before Red News hits.
This is a MT4 chart and you can see the areas I attack are around the red boxes.

I took most of those trades at the bottom on EURUSD
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #2,836
  • Aug 5, 2021 4:03pm Aug 5, 2021 4:03pm
Quoting Techanalyst
{quote} Maybe this one: https://www.avatrade.ca/about-friedberg
They don't accept registrations from US citizens.
Learn from your mistakes and march on.
  • #2,837
  • Aug 5, 2021 4:08pm Aug 5, 2021 4:08pm
Quoting here2there
{quote} They don't accept registrations from US citizens.
You're right I just checked they don't accept US citizens for avatrade.
  • #2,838
  • Aug 5, 2021 4:08pm Aug 5, 2021 4:08pm
Ill tell you what im quite happy to to create a thread where there you can post your trades manual trading, bot trading if you want no set strategy, but you explain why you entered the trade and how you will manage and exit

I wonder who will take me up on it?

Todays trades so far

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #2,839
  • Aug 5, 2021 4:09pm Aug 5, 2021 4:09pm
Quoting Wags
{quote} I agree with you 100% , whats the point of being on a forum giving little cryptic clues to something that you have no evidence that works unless its to boost your own ego Otherwise they should just enjoy theyre profits and just fuck off down the pub and get a life lol I would love to see all these so called profitable traders with like over 1000 thread posts create theyre own thread and do it properly
There is only one trader in this forum that i respect, its ATA from the EUR/USD thread, i dont know if he is profitable or not, but it seems like he has a style of trading and sticks to it, he makes live calls on the thread and doesnt brag about crazy statistic numbers or whatever.
And if someone his wondering, i dont follow his calls and i dont trade the way he does, so i really dont know how good he is or not, i just stop by his thread from time to time and i like how he manages to stick to is plan and style and how he manages the thread.
  • #2,840
  • Aug 5, 2021 4:13pm Aug 5, 2021 4:13pm
Quoting STrading
{quote} There is only one trader in this forum that i respect, its ATA from the EUR/USD thread, i dont know if he is profitable or not, but it seems like he has a style of trading and sticks to it, he makes live calls on the thread and doesnt brag about crazy statistic numbers or whatever. And if someone his wondering, i dont follow his calls and i dont trade the way he does, so i really dont know how good he is or not, i just stop by his thread from time to time and i like how he manages to stick to is plan and style and how he manages the thread....

Thats great but whats the point if you cannot guarantee its working, get a realtime trading thread going where people show theyre entries as it happens

So easy to show a trade in history it makes me laugh people who post history trades
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