Who is the most consistent trader? | Forex Factory

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Who is the most consistent trader?

  • #1
  • First Post: Nov 14, 2012 2:24pm Nov 14, 2012 2:24pm
I would like to see myfxbook histories to see how a really good, profitable trader can do.
No excuses! Thanks.
  • #2
  • Nov 15, 2012 1:38am Nov 15, 2012 1:38am
C'mon guys, there must be someone who makes money month after month and can even prove it!
I just want to see some good examples!
  • #3
  • Nov 15, 2012 3:21am Nov 15, 2012 3:21am
Ok here we go. Im happy with it.
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That which you give to others, life will return it in spades
  • #4
  • Nov 15, 2012 3:25am Nov 15, 2012 3:25am
Quoting Jaquemate
Ok here we go. Im happy with it.
That's nice, however more detail would be great, I too can make a good trade and leave it for 457 days. (Just sayin') lol
  • #5
  • Nov 15, 2012 3:29am Nov 15, 2012 3:29am
Quoting G.p.
That's nice, however more detail would be great, I too can make a good trade and leave it for 457 days. (Just sayin') lol
I no leave it. Todays date.
That which you give to others, life will return it in spades
  • #6
  • Nov 16, 2012 3:06am Nov 16, 2012 3:06am
Hi G.p.
Screenshot attached.
Regards.
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That which you give to others, life will return it in spades
  • #7
  • Nov 17, 2012 2:32am Nov 17, 2012 2:32am
Quoting G.p.
C'mon guys, there must be someone who makes money month after month and can even prove it!
I just want to see some good examples!
Dear GP,

I'm afraid I can't help you yet, but we're launching the Tradeslide Challenge (www.tradeslide.com) in January to do just that.

We've developed our proprietary Tradeslide Score to rate track-records for consistency, risk management and sustained performance. Our long term goal is to develop a market for trading talent where investors can find top trading talent to manage their accounts via mirror trading. The good news is that we have access to the public track-records at Zulutrade and Fx Stat and weŽll rank them for you soon enough

We offer a very attractive trader-brings-trader program to those who sign-up early.

In the meantime, best of luck looking for a needle in a haystack @myfxbook ;-)
  • #8
  • Nov 17, 2012 2:35am Nov 17, 2012 2:35am
Quoting Jaquemate
Ok here we go. Im happy with it.
Hi Jaquemate,

if you want a credible certification of your trading skill, you may want to sign-up to Tradeslide (www.tradeslide.com).

WeŽll give you a free rating, which describes how investable, in our opinion, you are.

If you sign-up now, you could be part of our attractive trader-brings-trader program.

Best of luck looking for investors!
  • #9
  • Nov 17, 2012 3:00am Nov 17, 2012 3:00am
Statistics from my "welcome" account from a broker where I got $40 for free... The drawdown is huge but it was a nice run The account was mainly for EA testings with some manual intervention... I think it's better to test EA's on accounts like that rather than on demo.

Like I've said, it was a nice run (15 months) but you don't want to see the end
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  • #10
  • Nov 17, 2012 2:46pm Nov 17, 2012 2:46pm
Keep the posts coming.
  • #11
  • Nov 18, 2012 9:30am Nov 18, 2012 9:30am
In my opinion, the most consistent trader is not an individual, but a set of qualities.

I have seen MANY (and I am sure all of you have as well) an EA or trading system that does really well over the course of months/years etc, until it completely falls off a cliff. In fact I saw a trader make OVER 100% monthly within the course of 6 months, and then lost it all in one day...

In this game it is all about how can survive to the 9th and 10th race, meaning who can stay in the marathon the longest. The person or system that can continually keep losses small, while letting the winners ride, this is the 'set of qualities' I am referring to.

I believe the Sharpe Ratio would be a more important factor to look at, as it gauges the risk in each trade.

Good thread though, cheers

~MPC
See our myfbook results. Our username = MPC
  • #12
  • Nov 18, 2012 11:18am Nov 18, 2012 11:18am
Quoting mpc
In my opinion, the most consistent trader is not an individual, but a set of qualities.

I have seen MANY (and I am sure all of you have as well) an EA or trading system that does really well over the course of months/years etc, until it completely falls off a cliff. In fact I saw a trader make OVER 100% monthly within the course of 6 months, and then lost it all in one day...

In this game it is all about how can survive to the 9th and 10th race, meaning who can stay in the marathon the longest. The person or system that can continually keep...
I don't think you can lose all money in 1 day if you have proper risk management. For example: risk 1% a day.

Markets change all the time and rules can be adjusted accordingly, or a more trending market can be chosen instead of a messy one. I don't think a good system would fail over x number of years. The shape of trends change much more frequently.
  • #13
  • Nov 18, 2012 3:14pm Nov 18, 2012 3:14pm
Quoting G.p.
I don't think you can lose all money in 1 day if you have proper risk management. For example: risk 1% a day.
Yes, my point exactly. The problem with many systems is, they place too much emphasis on the upside, whereas I am more concerned with the downside.

You always here "Such and such system made 1,000 %!" But, all I really care about is how much they had to risk to get there...
See our myfbook results. Our username = MPC
  • #14
  • Nov 18, 2012 3:35pm Nov 18, 2012 3:35pm
Quoting mpc
Yes, my point exactly. The problem with many systems is, they place too much emphasis on the upside, whereas I am more concerned with the downside.

You always here "Such and such system made 1,000 %!" But, all I really care about is how much they had to risk to get there...
This is why I'm concentrating on a more modest return of between 20 and 50%. Put it this way, if a hedge fund is happy with 25% then why do I think I can make 100% a year?

To answer the original question, I am not the most consistent trader... yet. But I aim to be and my system development is coming on very nicely. Keep an eye on me in the next few years, I'm into systems with a holding period in the months, not minutes, it'll take time to prove myself but I will get there.
  • #15
  • Nov 18, 2012 4:15pm Nov 18, 2012 4:15pm
Quoting Hugh Briss
This is why I'm concentrating on a more modest return of between 20 and 50%. Put it this way, if a hedge fund is happy with 25% then why do I think I can make 100% a year?

To answer the original question, I am not the most consistent trader... yet. But I aim to be and my system development is coming on very nicely. Keep an eye on me in the next few years, I'm into systems with a holding period in the months, not minutes, it'll take time to prove myself but I will get there.


The longer the holding period, the higher % win rate often times, thus less drawdowns.

"This is why I'm concentrating on a more modest return of between 20 and 50%. Put it this way, if a hedge fund is happy with 25% then why do I think I can make 100% a year"

Way to keep it in perspective. Good luck!
See our myfbook results. Our username = MPC
  • #16
  • Nov 18, 2012 9:24pm Nov 18, 2012 9:24pm
The most consistant traders are those that win or lose every trade they enter.

!00% winners or 100% losers... that's consistancy.
In the days of old when sailors were bold, and seldom if ever contented.
  • #17
  • Last Post: Nov 18, 2012 9:28pm Nov 18, 2012 9:28pm
Quoting mpc


The longer the holding period, the higher % win rate often times, thus less drawdowns.

"This is why I'm concentrating on a more modest return of between 20 and 50%. Put it this way, if a hedge fund is happy with 25% then why do I think I can make 100% a year"

Way to keep it in perspective. Good luck!
I don't think Hedge funds get the leverage that retail traders get. Plus they are very restricted by their charter (what they can trade, risk etc).
In the days of old when sailors were bold, and seldom if ever contented.
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