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My live trading account

  • #21
  • Aug 12, 2011 3:12am Aug 12, 2011 3:12am
Everyone has the right to say anything, that's why I have opened this thread in the first place. I do not trade "on a feeling" base, I can assure you both. My draw down was nearly 85% and I came back, can you tell me why I haven't lost all my money and I had the power to come back. Indeed, I am still on negative, I admit my mistakes (including AUD|CHF which I am in course of repair) but in time I will be on profit, I am confident.

You can find my analysis on: http://www.forexfactory.com/showthread.php?t=260274, tell me your opinions.

Thanks for your thoughts once again. I appreciate it.
  • #22
  • Aug 12, 2011 3:55am Aug 12, 2011 3:55am
Quoting diavolul
Everyone has the right to say anything, that's why I have opened this thread in the first place. I do not trade "on a feeling" base, I can assure you both. My draw down was nearly 85% and I came back, can you tell me why I haven't lost all my money and I had the power to come back. Indeed, I am still on negative, I admit my mistakes (including AUD|CHF which I am in course of repair) but in time I will be on profit, I am confident.

You can find my analysis on: http://www.forexfactory.com/showthread.php?t=260274, tell me your opinions....
You posted link to the very old thread of yours.
  • #23
  • Aug 12, 2011 4:01am Aug 12, 2011 4:01am
Quoting diavolul
Everyone has the right to say anything, that's why I have opened this thread in the first place. I do not trade "on a feeling" base, I can assure you both. My draw down was nearly 85% and I came back, can you tell me why I haven't lost all my money and I had the power to come back. Indeed, I am still on negative, I admit my mistakes (including AUD|CHF which I am in course of repair) but in time I will be on profit, I am confident.

You can find my analysis on: http://www.forexfactory.com/showthread.php?t=260274, tell me your opinions....
Well, if it is thoroughly backtested and has a clear statistical edge, then I apologize. If not, then there are two possibilities why you were able to come back from the 85% drawdown:
1. you really by luck found a good approach that exploits an inefficiency in the market.
2. you are experiencing a lucky streak within random signals. Don't forget, even random events have trends, that might be mistaken as having an edge, when in fact you were just "lucky".

I just find your equity curve not very favorable. Maybe the sample size is not big enough yet, but right now it doesn't look like a system I would wanna trade.

Anyways, as I said, don't let your losses run so far. Having large winners versus small losses is the preferred approach in my opinion. Your win-rate will then drop of course, but I think your profitability might increase and flatten out your equity curve.
  • #24
  • Aug 12, 2011 4:28am Aug 12, 2011 4:28am
Quoting Mesab
Try to divide your positions into parts and your trades into stages. So when PA moves against you, and you still believe in your prediction - you enter again. If you divide your position and trade into 5 parts (e.g. 1 lot into 0.2 lot), and you think you should short - after you entered your trade, you have 4 more chances to enter higher if PA moves against you. And if you decide to exit - you only lose 1/5th of your position ($ per pip).

In this way you always give PA time and space to breath. I'm sure you noticed many times PA eventually goes...

Hi Mesab,
D has chosen to his own way which I do not understand but I appreciate his will to test someting he knows. But if finally decide to change his approach there is no need to experiment. It is simple and easy to understand the MM rules (applying seems more complicated ) but any way there is no need to uncover america again.

Best,

Peter
Jesus Christ is my only Lord !
  • #25
  • Sep 21, 2011 9:29pm Sep 21, 2011 9:29pm
I have decided to trade increased lot sizes (5 times greater than the usual ones) and decreasing the number of trades. So far, so good. The results are coming back once again.

Good luck in trading.
  • #26
  • Oct 9, 2011 2:13pm Oct 9, 2011 2:13pm
Quoting diavolul
I have decided to trade increased lot sizes (5 times greater than the usual ones) and decreasing the number of trades. So far, so good. The results are coming back once again.

Good luck in trading.
good luck, you are a hard working and successfull analyist and a trader, so you worth to be successfull and a winner
  • #27
  • Last Post: Oct 10, 2011 9:45pm Oct 10, 2011 9:45pm
Quoting diavolul
I have decided to trade increased lot sizes (5 times greater than the usual ones) and decreasing the number of trades. So far, so good. The results are coming back once again.

Good luck in trading.
So to recover your balance you are doing hedging?

But does not that put you in 5 times more risk of loosing when your DD is below 60?
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