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Who is the most profitable trader on Forex Factory?

  • #41
  • Nov 23, 2016 2:15pm Nov 23, 2016 2:15pm
Quoting CrocodileRex
{quote} i dont understand your point here. Based on those two accounts provided, she did not deposit that much money in it. Her profit was about 7 million for the dukascopy account and her deposit was just about 1.5 million. You don't have to look at the percentage gain or absolute gain here. It's quite clear she made 7 million out from the initial 1.5million or less deposited.
That is exactly my point - she made $7M profit, which is far more significant than the %Gain or absolute gain. I'm proposing that she didn't just have $1.5M to trade with in the beginning ..... maybe she had $5M or $10M, and only chose to deposit 1.5 initially. If she had chosen to deposit more in the beginning, she would still have made $7M profit but the %Gains would be different.
si hoc legere scis nimium eruditionis habes
  • #42
  • Nov 23, 2016 2:16pm Nov 23, 2016 2:16pm
I know of some very successful traders here (4) We don't trade micro lots (min trade size $500k usually $ 1mill plus) don't actually use any of the online brokers mentioned here. Make a very good living from trading, meet regularly over coffee, have great comraderie because we know how hard it was to get to where we are. Make high six figures and don't feel the need to display that to anyone except ourselves.
I mention this only because some of the paths in FF can lead people astray, most people seem to just want to scalp, are concerned with zero spreads not counterparty integrity and try and find the easy way to riches. It's so hard but when you get it so simple. This is an all absorbing, fascinating amazing game, I am teaching my son what I do. It's worth the initial hard grind, just be different and never be in the middle.
  • #43
  • Nov 23, 2016 2:25pm Nov 23, 2016 2:25pm
Quoting Fred-IV
{quote} Open orders are hidden, high win rate, it might be suspicious. Large losses might be hidden as negative P/L. Sorry, hard to say if she is good.
hehe you can say whatever you want , she walk away with millions haha .
  • #44
  • Nov 23, 2016 2:31pm Nov 23, 2016 2:31pm
Quoting BBalazs
{quote} The goal might be to have some freedom which is pretty difficult to achieve when you have a 9 to 5.
Still being success at fx is much harder than example opening business and hire other to run your business , which millions of people do. If you want freedom that way much easier . Most of us in this business are to be millionaire in my opinion.
  • #45
  • Nov 23, 2016 2:50pm Nov 23, 2016 2:50pm
Quoting Hyperion
I know of some very successful traders here (4) We don't trade micro lots (min trade size $500k usually $ 1mill plus) don't actually use any of the online brokers mentioned here. Make a very good living from trading, meet regularly over coffee, have great comraderie because we know how hard it was to get to where we are. Make high six figures and don't feel the need to display that to anyone except ourselves. I mention this only because some of the paths in FF can lead people astray, most people seem to just want to scalp, are concerned with zero...
I can vouch 100% for this
  • #46
  • Nov 23, 2016 3:14pm Nov 23, 2016 3:14pm
Quoting numbnuts
{quote} That is exactly my point - she made $7M profit, which is far more significant than the %Gain or absolute gain. I'm proposing that she didn't just have $1.5M to trade with in the beginning ..... maybe she had $5M or $10M, and only chose to deposit 1.5 initially. If she had chosen to deposit more in the beginning, she would still have made $7M profit but the %Gains would be different.

She aint a real person. Dont know what is wrong with accounts, but...

... fx trader with such profit would be all over the serious news papers and you would find more about her. Also company name etc.
Please add more indicators, I still see the real price! Thanks!
  • #47
  • Nov 23, 2016 3:58pm Nov 23, 2016 3:58pm
I think it's rather peculiar she managed to make 2 years worth of profits from the 1st account in just 5 months in the second account. Especially as half the profits from the 1st account was from the one time SNB crash.

But other than that it looks pretty damn good.

Asking how did you find this profile? First time I've seen so much profit that's not from a cent account or from some no name broker.
  • #48
  • Nov 23, 2016 4:07pm Nov 23, 2016 4:07pm
Quoting asking
{quote} hehe you can say whatever you want , she walk away with millions haha .
Who cares?
  • #49
  • Nov 23, 2016 4:24pm Nov 23, 2016 4:24pm
Quoting PaulDaemon
{quote} This account the balance has been completely withdrawn in nov 2015 http://www.myfxbook.com/members/thef...ofarre/1863198 And this one only a few months old http://www.myfxbook.com/members/thef...ofarre/1861746 Something seems sus to me
Open trades are private, average duration of trade one day, so I think that she has a system that closes "small" wins and let the losers run.

However this might be a profitable strategy, not as profitable as displayed there but profitable.

Maybe it is worthy to start on separate account such a strategy.
  • #50
  • Nov 23, 2016 4:39pm Nov 23, 2016 4:39pm
Quoting Fred-IV
{quote} Open trades are private, average duration of trade one day, so I think that she has a system that closes "small" wins and let the losers run. However this might be a profitable strategy, not as profitable as displayed there but profitable. Maybe it is worthy to start on separate account such a strategy.
You shitting me right? This is the likely the most profitable account on a retail broker ever. At the rate she's going, she'll be Warren Buffet in 10 years lol.

What you're saying isn't correct at all. She doesn't "have small wins and let the losers run".

According to the stats, average wins are 2x bigger than losses. Best trade / worst trade ratio is ~3-5. So she has risk reward ratios for at least that much. Draw down is pretty good @ <25%.

Assuming of course the stats are legit and no broker manipulation.
  • #51
  • Nov 23, 2016 6:46pm Nov 23, 2016 6:46pm
Probably a Pepperstone rat hole.
  • #52
  • Nov 23, 2016 11:03pm Nov 23, 2016 11:03pm
Quoting Hyperion
I know of some very successful traders here (4) We don't trade micro lots (min trade size $500k usually $ 1mill plus) don't actually use any of the online brokers mentioned here. Make a very good living from trading, meet regularly over coffee, have great comraderie because we know how hard it was to get to where we are. Make high six figures and don't feel the need to display that to anyone except ourselves. I mention this only because some of the paths in FF can lead people astray, most people seem to just want to scalp, are concerned with zero...
Hello Hyperion,

That's great insight from some one who has already made it.

Please permit me to ask few questions:

1. You mention not using any of the online brokers. What are the characteristics of the brokers that someone with huge capital look for? Some random examples: high liquidity, darkpools, brokers that allow you to open only if you have a certain starting capital etc...

Any names of the brokers would be helpful as it can serve as model to assess.

2. " most people seem to just want to scalp, are concerned with zero spreads not counterparty integrity and try and find the easy way to riches."

Please share your insight why you feel scalping is something one should avoid and Do you feel trading higher time frames (large pips) takes away some of the learning curve?

3. By counterparty integrity, do you mean capital protection or in general the credibility of the broker?

I know many questions, please take your time in answering them.

Thanks

PS: If you had to choose just one piece of advice to give, what would it be?
  • #53
  • Nov 23, 2016 11:14pm Nov 23, 2016 11:14pm
Quoting asking
{quote} Still being success at fx is much harder than example opening business and hire other to run your business , which millions of people do. If you want freedom that way much easier . Most of us in this business are to be millionaire in my opinion.
Actually, 80% of startups go belly up within the first year, another 5-10% in the second and these are facts. I don't think it is any easier to create a successful business.
Invincibility lies in the defence; the possibility of victory in the attack
  • #54
  • Nov 24, 2016 12:00am Nov 24, 2016 12:00am
Quoting numbnuts
{quote} That is exactly my point - she made $7M profit, which is far more significant than the %Gain or absolute gain. I'm proposing that she didn't just have $1.5M to trade with in the beginning ..... maybe she had $5M or $10M, and only chose to deposit 1.5 initially. If she had chosen to deposit more in the beginning, she would still have made $7M profit but the %Gains would be different.
look at this profile here:-
http://www.myfxbook.com/members/thef...ofarre/1863198

The TOTAL deposit is about 1.65M. It might be she deposited $50k at first and slowly added from there or she deposited $1.6m all at once. It didn't say.

But the TOTAL withdrawal is about 8.7M and the account is at $0 equity now. There is no more closed or open trades. Which gives us the conclusion this trader has walked away with $7m profit. And her account spawned from way back 2013 with all months in profit and a 96% win rate. 23% max drawdown wtf. Broker is very reputable. Average trade length 3 days indicating not a scalper. That is a very impressive record there. Let me know if i missed anything else to find fraud in an account but i don't see any here guys.

Isn't that good news guys? She is prove that any person with a retail account can make it. Although I strongly doubt she is an individual trader, with the Pamm account and everything, might be a fund manager.
  • #55
  • Nov 24, 2016 12:45am Nov 24, 2016 12:45am
It is good news. But the issue is that there is such a thing as "too good to be true", especially when dealing with investments.

Her account literally blows every single investment performance metric out of the water. Profit factor of 130? That's insane. Even profit factors of 5 or more can be considered a license to print money. Hers is many times that.

What I'm wondering is how asking came to find her profile. Is she advertising somewhere on the web? Is there more information available?
Or maybe asking is the trader herself?
  • #56
  • Nov 24, 2016 12:52am Nov 24, 2016 12:52am
Quoting Mingary
Very few are profitable short term and no one is profitable long term
Define long term, please!
  • #57
  • Nov 24, 2016 1:25am Nov 24, 2016 1:25am
Quoting asking
{quote} hehe you can say whatever you want , she walk away with millions haha .
I would say its a PAMM account and it would be a group of investors money not only hers.
20 Pips a day keeps centerlink away
  • #58
  • Nov 24, 2016 1:27am Nov 24, 2016 1:27am
Quoting CrocodileRex
{quote} look at this profile here:- http://www.myfxbook.com/members/thef...ofarre/1863198 The TOTAL deposit is about 1.65M. It might be she deposited $50k at first and slowly added from there or she deposited $1.6m all at once. It didn't say. But the TOTAL withdrawal is about 8.7M and the account is at $0 equity now. There is no more closed or open trades. Which gives us the conclusion this trader has walked away with $7m profit. And her account spawned from way back 2013 with all months in profit and a 96%...
Publish your acc on myfxbook, choose name you want. Try Robo Forex cent acc, but choose ducascopy as your broker.
Please add more indicators, I still see the real price! Thanks!
  • #59
  • Nov 24, 2016 2:03am Nov 24, 2016 2:03am
Quoting Iro
{quote} You shitting me right? This is the likely the most profitable account on a retail broker ever. At the rate she's going, she'll be Warren Buffet in 10 years lol. What you're saying isn't correct at all. She doesn't "have small wins and let the losers run". According to the stats, average wins are 2x bigger than losses. Best trade / worst trade ratio is ~3-5. So she has risk reward ratios for at least that much. Draw down is pretty good @ <25%. Assuming of course the stats are legit and no broker manipulation.
Wins and losses are calculated on closed trades only.
  • #60
  • Edited 5:37am Nov 24, 2016 5:16am | Edited 5:37am
Quoting Crackpot
{quote} She aint a real person. Dont know what is wrong with accounts, but... ... fx trader with such profit would be all over the serious news papers and you would find more about her. Also company name etc.
Give credit where is due the whole website is built on the base of people trading system integrity . Have you really tried to publish your own even just demo on myfxbook ?. Both Track record and trading privileges are verified also , to do that you need to open trades directly from your account and put key given by myfxbook on comment.

Quoting Iro
I think it's rather peculiar she managed to make 2 years worth of profits from the 1st account in just 5 months in the second account. Especially as half the profits from the 1st account was from the one time SNB crash. But other than that it looks pretty damn good. Asking how did you find this profile? First time I've seen so much profit that's not from a cent account or from some no name broker.
I just use advanced search on system with drawdown at most 20% , system age at least 3 months , Traded In The Last week at the time i was searching but now you need month since she is not opening trade in the last week , other leave default. The one that interest me is that account because it withdraw millions.

Quoting BBalazs
{quote} Actually, 80% of startups go belly up within the first year, another 5-10% in the second and these are facts. I don't think it is any easier to create a successful business.
Most people earn money by working for someone , second open business , and the last investor . Yes it's not easy too create a successful business , but the way i see in the world more people run business than investor/trader.

Quoting PaulDaemon
{quote} I would say its a PAMM account and it would be a group of investors money not only hers.
It might be but still to trade millions and to be able to withdraw millions you need a serious trading system and mentality .
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