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Attachments: turned 1K to 4.5K in a week with 4% drawdown
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turned 1K to 4.5K in a week with 4% drawdown

  • #141
  • Feb 9, 2016 11:28am Feb 9, 2016 11:28am
That looks way better than I have expected.
Price-Action Extremist
  • #142
  • Feb 9, 2016 5:24pm Feb 9, 2016 5:24pm
Dont lose....
Good trades.
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  • #143
  • Feb 9, 2016 5:51pm Feb 9, 2016 5:51pm
Quoting piupiu
Dont lose.... Good trades. {image}
haa! it's mr. piupiu, another killer trader everyone! welcome to the kingdom. No doubt, i traded last 2 days str8 with 2 hour sleep(don't try this at home) so i can rest today cuz Yellen will cause havoc tomorrow, while i'll be at dayjob. Patience indeed. Euro n Yen took down some amazing NFP stops today.
  • #144
  • Feb 9, 2016 6:05pm Feb 9, 2016 6:05pm
Quoting GoodBoy
{quote} all data public. done
good run up.

careful with the adding on same positions at/near same prices, which could (usually does) lead to an over leverage disaster. In fact, I've yet to see anyone sustain that kind of repetitive multiple position size management profitably for more than 3 or 4 months. Too many times have I (we here) seen these kinds of MM strategies blow up.

it "looks" like you have leverage under control per position, but the reality is, net position wise, you are carrying heavy, which is ok per se, however, one bad directional set of trades going sour and cranking up leverage to "get it back" will demolish the account.

for example, if I counted correctly 75 longs at/near same price on your last set at about .3 per position, I realize you were accumulating at/near support prices, and it's probably a part of your overall strategy, however, when the shit hits the fan, it's a bitch closing out 75 positions, even if you have a script or ea do it for you, it's still not fun and very dangerous, especially since you said you trade from your phone too. Even with an EA on a remote vps, things can and do go wrong and at the worst possible times.

Other than that keep up the good work and dump all losers quickly like you are now and don't add any more than you are adding now in terms of volume and proportional size vs equity, and you will do fabulously.

you might want to get out a spreadsheet and mechanize exactly how many sub positions per "trade" vs. equity you should be carrying for max gain/min loss

reason I mention all this again, for the sake of others, is because as you are well aware of, by glancing at your TE, the "net" number of different trades is much less than the gross number of trades, since all those adds at/near the same price at/near the same time count as only one trade in reality, and if you let one of those sets go bad and further negative than you are doing now, that 80% DD you experienced at the beginning becomes a 95% DD that you won't be able to get back on the account. So, your margin of error is very very thin. Like I said, one bad explosive unexpected move against your account, and you closing/opening from your phone and 5 figures of equity is toast quicker than you can say "I fucked up".

In fact, since you have 4x'd the account and are over 20k, now might be a time to curtail the actual volume per signal you are trading, you probably have a goal to get it to 100k within the next 4 weeks, however it's something to consider.
  • #145
  • Feb 9, 2016 6:16pm Feb 9, 2016 6:16pm
Quoting Pipologist
{quote} good run up. careful with the adding on same positions at/near same prices, which could (usually does) lead to an over leverage disaster. In fact, I've yet to see anyone sustain that kind of repetitive multiple position size management profitably for more than 3 or 4 months. Too many times have I (we here) seen these kinds of MM strategies blow up. it "looks" like you have leverage under control per position, but the reality is, net position wise, you are carrying heavy, which is ok per se, however, one bad directional set of trades going...
excellent analysis Pipologist 100% agreed, now its time to tone down the risk and yes i have excel sheets with risk model in order 10 diff types that can sustain minimum 1000 pips DD to 3000. Each pointing to if i keep the risk constant with compound growth. 1-2 yrs (safely, million dollar will be in account) Just gotta survive the black swan days and not over-leverage when seeing some DD. Yes good analysis. I have been thinking exact same. Problem with mt4 is once u hit a DD it stays with u even if u trade .1% DD rest of your life. Anyways, thanks for input. Well-though outideas, well received.


I might join a hedge fund soon, the GUY wants to talk. So, we'll talk.
  • #146
  • Feb 9, 2016 6:27pm Feb 9, 2016 6:27pm
Quoting GoodBoy
{quote} excellent analysis Pipologist 100% agreed, now its time to tone down the risk and yes i have excel sheets with risk model in order 10 diff types that can sustain minimum 1000 pips DD to 3000. Each pointing to if i keep the risk constant with compound growth. 1-2 yrs (safely, million dollar will be in account) Just gotta survive the black swan days and not over-leverage when seeing some DD. Yes good analysis. I have been thinking exact same. Problem with mt4 is once u hit a DD it stays with u even if u trade .1% DD rest of your life. Anyways,...
the maximal dd % goes down as your equity goes up as long as all other ratios are the same, eventually you'll be at max position size per account or trade per broker, which is with PS, 200 lots per position, but your leverage will go down as your position size goes up.

ALSO, be careful to NEVER let it hit or get close to stop out level for the leveage/equity with broker...each broker is different.

lastly, there's a guy based out of london/singapore that has a prop trading firm, he used to work for GS I think, an English bloke, he holds a trading team getaway in Thailand and other places, selected folks trade firm money, and I think the set up is, everyone shares a part of the pot of profits. Don't have his name handy, but he's all over you tube, you'll know who it is, as soon as you see a couple of his interviews/trading team videos. Find him and chase him down, he wont take you with that kind of risk, so you'll have to gear it down to under 5% dd max.
  • #147
  • Feb 9, 2016 7:20pm Feb 9, 2016 7:20pm
Quoting Pipologist
{quote} the maximal dd % goes down as your equity goes up as long as all other ratios are the same, eventually you'll be at max position size per account or trade per broker, which is with PS, 200 lots per position, but your leverage will go down as your position size goes up. ALSO, be careful to NEVER let it hit or get close to stop out level for the leveage/equity with broker...each broker is different. lastly, there's a guy based out of london/singapore that has a prop trading firm, he used to work for GS I think, an English bloke, he holds a...
anton kreil
As Above, So Below
  • #148
  • Feb 9, 2016 7:22pm Feb 9, 2016 7:22pm
Quoting GoodBoy
{quote} all data public. done
excellent run, dd is too high but still congrats.
this must be an ea, am i right?
As Above, So Below
  • #149
  • Feb 9, 2016 7:27pm Feb 9, 2016 7:27pm
Quoting tashkent
{quote} anton kreil
right it's anton
  • #150
  • Feb 9, 2016 7:43pm Feb 9, 2016 7:43pm
I'll reserve judgment on if this is all a croc of shit or not, because I neither can tell or particularly care.

But if my eyes don't deceive me this talk of "watch out for le 80 percent draw dunce" seems about as shortsighted as it can get. If I'm seeing it correctly that drawdown was ages ago when the account was still small. If this guy make his way into the 6-bagger club will you lot still be claiming "but le 80 percent" from way back when?

If this shit is real the fucker has smoked all of you and continues to do so. Again, I reserve judgment on if it's real or not, though. Real of fake there's going to be lessons to learn from this either way.
Congratulations ScalaFX for coming out of the closet!
  • #151
  • Feb 9, 2016 8:17pm Feb 9, 2016 8:17pm
Goodboy

Nice run on USDJPY
  • #152
  • Feb 11, 2016 5:39am Feb 11, 2016 5:39am
This thread is awfully quiet lately



Good job OP

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  • #153
  • Feb 11, 2016 9:14am Feb 11, 2016 9:14am
Thanks Ken A, It sure is quiet, isn't it?
Looks like i am up 16K+ since i was asking people to join my autocopy signals (a missed opportunity) The human HFT continues...
  • #154
  • Feb 11, 2016 3:55pm Feb 11, 2016 3:55pm
Quoting GoodBoy
Thanks Ken A, It sure is quiet, isn't it? Looks like i am up 16K+ since i was asking people to join my autocopy signals (a missed opportunity) The human HFT continues...

It's clear you use EA for execution at least for closing trades ...........

Just don't brag, it's a sure way to fail - market conditions are changing everyday .............

25 days performance is too short to see consistency - 25 months of this consistency why would need to trade for other people?

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  • #155
  • Feb 12, 2016 1:36am Feb 12, 2016 1:36am
Quoting GoodBoy
Thanks Ken A, It sure is quiet, isn't it? Looks like i am up 16K+ since i was asking people to join my autocopy signals (a missed opportunity) The human HFT continues...
​hi am interested
  • #156
  • Feb 12, 2016 1:38am Feb 12, 2016 1:38am
Quoting GoodBoy
Thanks Ken A, It sure is quiet, isn't it? Looks like i am up 16K+ since i was asking people to join my autocopy signals (a missed opportunity) The human HFT continues...
​hi am interested
my email [email protected] send me details
  • #157
  • Feb 12, 2016 3:12am Feb 12, 2016 3:12am
Congrats on your stats.

Why not post this on myfxbook or MQL5 and add a subscription fee for it.

Much easier foe you to manage (there's nothing to manage), you'll get more exposure and wider audience.
Myfxbook also will allow account verification and make your offer a lot more transparent.
  • #158
  • Feb 12, 2016 6:52am Feb 12, 2016 6:52am
Quoting Snowski
Congrats on your stats. Why not post this on myfxbook or MQL5 and add a subscription fee for it. Much easier foe you to manage (there's nothing to manage), you'll get more exposure and wider audience. Myfxbook also will allow account verification and make your offer a lot more transparent.
Thanks Snow, i really dont wanna go too public at this point. I want to manage a handful of people who trust my abilities. But yea, possibilities are endless. I am currently deciding what route to take, i got guys in hedge fund want me but i gotta pass some sort of series of exams n what not.. which sucks but hey lets see, i got weekend to think things over and see how it goes.
  • #159
  • Feb 12, 2016 7:28am Feb 12, 2016 7:28am
mm.. those trades.... and that trading style.....

well done so far, withdraw some perhaps... ?
  • #160
  • Feb 12, 2016 2:05pm Feb 12, 2016 2:05pm
muppets are taking baits
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