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The Trader Behind the Trade™

  • #381
  • Edited 11:36am Mar 7, 2013 11:21am | Edited 11:36am
Quoting mpc
LOL!
With all those withdrawals you were taking, the least you could do is get a decent haircut.
MPC
Show us your actual Myfxbook from July 2012. You realize that you have no single fan here and the more you post the more you are annoying people with your lies. Don't be a coward, remove the ban and let us talk at your thread. If you can trade, why waste time on TPOTrader's thread and not face your own critiques like a man??

Quoting mpc
Also realize that TPO backed out of a system to system challenge, simply because he lacks confidence in the longevity of his own system.
TPOTrader already won the challenge with his Myfxbook results. Your $1K account is no where close.
No longer trading forex. Looking for full time job.
  • #382
  • Mar 7, 2013 11:38am Mar 7, 2013 11:38am
Then show your actual Myfxbook results, not the pathetic $1K account from your lies about subscriber surveys.

Once Garrye or TheMaxx or myself open a new thread about MPC, you are finished and you know that. So let's talk at your thread, don't be a coward.

Tell everyone here the truth, your earlier Myfxbook which you deleted was a $200 account. Admit it like a man. How do I know? Do you really want us to dig out more lies from you?
No longer trading forex. Looking for full time job.
  • #383
  • Mar 7, 2013 11:43am Mar 7, 2013 11:43am
Quoting mmaker
Then show your actual Myfxbook results, not the pathetic $1K account from your lies about subscriber surveys.

Once Garrye or TheMaxx or myself open a new thread about MPC, you are finished and you know that. So let's talk at your thread, don't be a coward.
dang . he be making threats. don't mess with mmaker yo--he cut you up

mpc. my thread would still be open to you.cause i actually enjoy our little back and forth banter. Makes the day go by quicker.

So anyways in other news.

I just got accepted into myfxbook signal provider list. Not sure when the live accounts will be ready.

http://www.myfxbook.com/autotrade
NocturnalFX is no longer offering commercial services
  • #384
  • Mar 7, 2013 12:09pm Mar 7, 2013 12:09pm
I see your point mmaker.

Ban is lifted. The mudslinging is fun, but I don't think it does anything good for anyone's reputation.

MPC
See our myfbook results. Our username = MPC
  • #385
  • Mar 7, 2013 12:12pm Mar 7, 2013 12:12pm
Quoting TPOTrader
dang . he be making threats. don't mess with mmaker yo--he cut you up

mpc. my thread would still be open to you.cause i actually enjoy our little back and forth banter. Makes the day go by quicker.

So anyways in other news.

I just got accepted into myfxbook signal provider list. Not sure when the live accounts will be ready.

http://www.myfxbook.com/autotrade
Congrats TPOtrader,

Maybe we can join you soon at myfxbook as a provider. We'll see how it goes.

Adam
MPC
See our myfbook results. Our username = MPC
  • #386
  • Mar 7, 2013 12:13pm Mar 7, 2013 12:13pm
Quoting mpc
Congrats TPOtrader,

Maybe we can join you soon at myfxbook as a provider. We'll see how it goes.

Adam
MPC
Unlikely, the requirement is a return of at least 10%.
  • #387
  • Mar 7, 2013 12:14pm Mar 7, 2013 12:14pm
Quoting mpc
I see your point mmaker.

Ban is lifted. The mudslinging is fun, but I don't think it does anything good for anyone's reputation.

MPC
as long as we don't attack the person..it's all fine with me. but attacking the system is what this is about and i think people appreciate that part of it.
NocturnalFX is no longer offering commercial services
  • #388
  • Mar 7, 2013 12:16pm Mar 7, 2013 12:16pm
I'm deleting any posts that may have been disparaging. I feel bad that our professionalism went out the door during the last couple of days.

Adam
MPC
See our myfbook results. Our username = MPC
  • #389
  • Mar 7, 2013 12:19pm Mar 7, 2013 12:19pm
Quoting TPOTrader
as long as we don't attack the person..it's all fine with me. but attacking the system is what this is about and i think people appreciate that part of it.
I agree. It's difficult to overcome my own pride and apologize, but I do, and I wish you the best TPOtrader. It doesn't matter who's system is the best in this game, because it is possible we can all be on the same team making money.

Again, we are trailing behind you at the moment, and hoping to make some impressive returns here shortly.

Adam
MPC
See our myfbook results. Our username = MPC
  • #390
  • Mar 7, 2013 12:32pm Mar 7, 2013 12:32pm
Quoting TheMaxx
Unlikely, the requirement is a return of at least 10%.
The requirements are quite relaxed at the moment, e.g. 50% drawdown limit and $1000 balance. But as soon as the Demo subscription phase is over and live followers are allowed, I'm sure they will tighten requirements to protect clients. At RAPA Cap Intro, they expect signal provider to put in $10,000 of own money and their study of CTA database pointed to drawdown cut-off at 20%.

http://www.myfxbook.com/autotrade/faq

 

  1. A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.
  2. Drawdown of no more than 50%.
  3. Return of at least 10%.
  4. Average pip win per trade of at least 10.
  5. Average trade time over 5 minutes.
  6. System must not use any martingale/grid techniques.
  7. An account balance of at least $1000.

You can test your own MT4 accounts as picture below showed, none of mine qualified to apply.

Attached Image (click to enlarge)
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No longer trading forex. Looking for full time job.
  • #391
  • Mar 7, 2013 12:41pm Mar 7, 2013 12:41pm
Quoting mmaker
The requirements are quite relaxed at the moment, e.g. 50% drawdown limit and $1000 balance. But as soon as the Demo subscription phase is over and live followers are allowed, I'm sure they will tighten requirements to protect clients. At RAPA Cap Intro, they expect signal provider to put in $10,000 of own money and their study of CTA database pointed to drawdown cut-off at 20%.

http://www.myfxbook.com/autotrade/faq
[list][*]A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.[*]Drawdown...
If i was in the business of providing trade copier service-i would not make the filter so strict. At the end of the day, let the investors sort it out. Signal providers that make money for themselves and their clients will move to the top of the list. While others will fall behind.

It doens't make sense for them to set these limits because they are "looking out for investors" because not all investors are looking for the same thing. Some prefer the high risk-high reward providers who may not have long history so that they can jump on and ride the hot hand.

what myfxbook does is just limiting their own revenues by cutting off a whole bunch of signal providers that do not meet these criteria that other investors might still be interested in.

I think paying for only profitalbe trades is a GREAT idea from myfxbook. But for everything else should just follow zulu's model by allowing anyone to be a provider and let public sort the providers out. They can implement things like account monitoring like zulu shield just so that investors can have early warning sign when things about to go south.
NocturnalFX is no longer offering commercial services
  • #392
  • Mar 7, 2013 1:07pm Mar 7, 2013 1:07pm
The most recent fiasco regarding signal providers was PrivateForexTrader, which charged $250/mth and minimum investments of $10K for PAMM. They provided two years of performance data, http://www.myfxbook.com/members/privateforextrad, yet failed spectacularly when subscribers came on board.

http://www.myfxbook.com/members/priv...account/444192

http://www.myfxbook.com/members/priv...-trader/487685

Another good example was Nick Mcdonald's much touted fund managers Storm Pips and Mr Rigasoy,

http://www.myfxbook.com/members/Nick...account/461264

http://www.myfxbook.com/members/Nick...ressive/412316

I guess you're right, some subscribers might want to look for high risk quick growth and hope to withdraw profits before the inevitable crash.
No longer trading forex. Looking for full time job.
  • #393
  • Mar 8, 2013 8:10am Mar 8, 2013 8:10am
oooo weee

tough week, tough month so far. Wonder if I could pull a 2012 November. The first three weeks of that month went nowhere, then bam! the last week was profitable enough to make the whole month profitable.

i need some kind of hallucinogen right about now....
NocturnalFX is no longer offering commercial services
  • #394
  • Mar 11, 2013 3:06am Mar 11, 2013 3:06am
I figure I put my update here.Clients get so annoyed with recent performance that I had to send a reminder to focus on the bigger picture. That's one thing I don't enjoy about being a signal provider-having to deal with nervous clients....

HI,

1. I've been receiving similar questions in the last 2 weeks about the recent dismal performance. As much as I would like to console those who wish to be profitable every day/week/month, that will not happen here.

With trading, just like the general market, you will experience ebbs and flows in you equity. I've been very transparent about average drawdown being 8-10% and as much as -30% intra month.
http://www.nocturnal-fx.com/apps/faq/#anchor-132152-2

High reward comes with higher risk. To achieve a minimum annual return of 50%, it's normal to experience larger drawdowns. Like the disclaimer says, it is a High Risk investment vehicle. Your have to have a higher tolerance for pain if you wish to participate in this market.

The good thing about most trade copy providers is that it allows the client to adjust their risk so that they can make it less than what the provider experiences. This is an option who those who wish lower drawdowns-but can accept lower returns as a result.

2. NocturnalFX is currently awaiting for myfxbook trade coper to be live. It is a different kind of auto copy service in that you only pay comission (spread markup) on profitlable trades. This is a much better alternative than Zulu or Fxtrade where you pay for every trade (win or lose). I was notified by myfxbook that it wil be live in a month. However, the demo account for testing is available.
http://www.myfxbook.com/autotrade

3. NocturnalFX is awaiting for the release of tradeslide. A platform for investors to gauge a trader's investability. Parameters such as risk,performance, and consistency are measured live and displayed as badges for others to view. This is estimated to be live in 1-2 weeks:
http://www.tradeslide.com/
NocturnalFX is no longer offering commercial services
  • #395
  • Mar 12, 2013 3:04pm Mar 12, 2013 3:04pm
Anybody ever done TA on their equity?

Here's mine. My prediction is at end of march I'm going to be within +/- 5%

Let's come back to this statement later....this is fun

Attached Image (click to enlarge)
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NocturnalFX is no longer offering commercial services
  • #396
  • Mar 13, 2013 9:08pm Mar 13, 2013 9:08pm
what if you get a nice close below support? will you short yourself!

Quoting TPOTrader
Anybody ever done TA on their equity?

Here's mine. My prediction is at end of march I'm going to be within +/- 5%

Let's come back to this statement later....this is fun

Attachment
  • #397
  • Mar 14, 2013 4:23am Mar 14, 2013 4:23am
This is just a taste at how i feel about the market, about my performance....

when is it gonna end?? good question...

Inserted Video
NocturnalFX is no longer offering commercial services
  • #398
  • Mar 14, 2013 8:00am Mar 14, 2013 8:00am
Quoting TPOTrader
Anybody ever done TA on their equity?
Here's mine. My prediction is at end of march I'm going to be within +/- 5%
Let's come back to this statement later....this is fun
How about measuring the gradient of the equity slope? The decline is twice as fast as the slow rise, because of the doubling of positions on the recent losses. Interesting to see if this is going to be 5 waves downtrend, or merely ABC corrective move, or in the process of forming double-bottom and resuming the uptrend.
No longer trading forex. Looking for full time job.
  • #399
  • Mar 14, 2013 10:03am Mar 14, 2013 10:03am
Quoting mmaker
How about measuring the gradient of the equity slope? The decline is twice as fast as the slow rise, because of the doubling of positions on the recent losses. Interesting to see if this is going to be 5 waves downtrend, or merely ABC corrective move, or in the process of forming double-bottom and resuming the uptrend.
who knows. I think this is affecting my psyche cause i trade for others now. Well more so cause few of them are family members. So even though I've stuck to the plan throughout all this, it still hurts a little.

I can only find solace in the backtested results with worst case slippage:
http://www.nocturnal-fx.com/the-system

all the areas i show are basically what could happen in live trading and I knew it would-and i think i'm seeing that now. Backtesting is a great tool, but you still have to muster up all your mental strength to overcome this.
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But again, this is still within expectation with my high risk/high reward strategy. I just have to keep pushing and playing the game of large numbers and hopefully the probability will start to tilt again.
NocturnalFX is no longer offering commercial services
  • #400
  • Edited 12:29am Mar 15, 2013 12:15am | Edited 12:29am
I'm watching another signal service to see when it will implode and crash. The second picture is our good friend MPC, and his "subscriber-voted" $1,000 account. The third picture went as far as 274% growth before crashing spectacularly.

Seems risky to join a signal service after a good run. But then again, without a good run we can't tell if the signal provider is good.
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No longer trading forex. Looking for full time job.
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