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$10,000 Profit a Month Personal Challenge

  • #161
  • Jan 5, 2017 5:03am Jan 5, 2017 5:03am
Awsome.. trader
  • #162
  • Jan 5, 2017 11:01am Jan 5, 2017 11:01am
hi
anyone asked for tyson gay EA got it....check spam folder in case not in inbox.
I hooked it into a LIVE pepperstone account, will connect it to myfxbook later for monitoring.
I get many many requests for managed account, and yes its no problem. I will use Tradeviewforex as commissions/spreads are lower than pepperstone.
Trades are same as my Tradeview in account 1 on TE.

Any questions, email or PM.
  • #163
  • Jan 5, 2017 11:34am Jan 5, 2017 11:34am
Traderview is nice broker, they tell raw ECN spread and then they tell also
when you are ib or like mam manager you can widen spreads, very handy tool, for ib or fund manager, maybe not for investor.

from they site:

  1. Our Flexible compensation program allows IB’s to collect fees in different ways
  2. You set and offer your own commissions to your customer
  3. Widen your spreads and capture the difference

  • #164
  • Jan 5, 2017 11:39am Jan 5, 2017 11:39am
Quoting kk100
Traderview is nice broker, they tell raw ECN spread and then they tell also when you are ib or like mam manager you can widen spreads, very handy tool, for ib or fund manager, maybe not for investor. from they site: Our Flexible compensation program allows IBs to collect fees in different ways You set and offer your own commissions to your customer Widen your spreads and capture the difference
yea a good tool for a hooky money manager relying on churn cos they could'nt trade profitably to save their life.
When you try to maximise performance for the client to boost your own performance fee, you dont want anything added to spread or comms.
A profitable money manager should be looking for lowest cost base available.
  • #165
  • Jan 5, 2017 12:39pm Jan 5, 2017 12:39pm
Quoting kk100
Traderview is nice broker, they tell raw ECN spread and then they tell also when you are ib or like mam manager you can widen spreads, very handy tool, for ib or fund manager, maybe not for investor. from they site: Our Flexible compensation program allows IBs to collect fees in different ways You set and offer your own commissions to your customer Widen your spreads and capture the difference
Also, I am giving option of a managed account, its not a hard sell. Its take or leave job. If someone wants to make money in forex managed account, then ok, if not, no probs, I'm easy eitherway.

I can state unequivocally spreads and comms will not be increased. $5 comms in Tradeview per $100k RT.
  • #166
  • Jan 5, 2017 12:54pm Jan 5, 2017 12:54pm
Quoting dax30
its not a hard sell
But it is a sell nonetheless, which would make this commercial content right?

Do you have any accounts that have been running longer than forty days?

I am sure you will get some customers as PT Barnum said, there is a sucker born ever miniute.
  • #167
  • Jan 5, 2017 1:00pm Jan 5, 2017 1:00pm
Hi Dax , please check your PM
  • #168
  • Jan 5, 2017 1:03pm Jan 5, 2017 1:03pm
Hi Dax,
Thanks for you enthusiasm in setting up this thread, and showing that being profitable can be done!
I have a question regarding drawdown if you can explain your approach.
We all know that regardless of the system, trend, retracement, etc. there always comes a time when the drawdown gets away on you. It could just be a temporary move away from the range, or it could be a more fundamental long term shift. Who knows?
Is your approach to bite the bullet at some point and close the trades, perhaps partially, or do you try to hedge your way out?
I would be interested in your comments.
Keep up the good work.
harry
  • #169
  • Jan 5, 2017 1:18pm Jan 5, 2017 1:18pm
Quoting harry99
Hi Dax, Thanks for you enthusiasm in setting up this thread, and showing that being profitable can be done! I have a question regarding drawdown if you can explain your approach. We all know that regardless of the system, trend, retracement, etc. there always comes a time when the drawdown gets away on you. It could just be a temporary move away from the range, or it could be a more fundamental long term shift. Who knows? Is your approach to bite the bullet at some point and close the trades, perhaps partially, or do you try to hedge your way out?...
Hi,
Yes, DD always comes, its inevitable. System will drawdown in long drawn, choppy, flat periods. Best not to interfere as long as system stays within normal operational dd boundary, which historically lies from 2750-3000 pips. Remember, its always darkest just before the dawn.
  • #170
  • Jan 5, 2017 1:23pm Jan 5, 2017 1:23pm
Thanks Dax.
So it looks like you let things roll until the DD is at 3000 pips or about -$6000, and then you close those trades, take the loss, and restart. Is that the case?
  • #171
  • Jan 5, 2017 1:26pm Jan 5, 2017 1:26pm
Quoting Kubez
{quote} But it is a sell nonetheless, which would make this commercial content right? Do you have any accounts that have been running longer than forty days? I am sure you will get some customers as PT Barnum said, there is a sucker born ever miniute.
Possibly, if someone asks you for something before you offer it, does it mean you sold it, or you fulfilled a request. Account 2 is 135 days.
If its commercial, well they can put thread in commercial section, doubt it'll change my life.
And yes and i have longer history, but it does not reflect the system exactly that managed accounts are on so would i be miselling by showing it?
Yea , a sucker born every minute and any fool can criticize, condemn and complain as most fools do.
  • #172
  • Jan 5, 2017 1:30pm Jan 5, 2017 1:30pm
Quoting harry99
Thanks Dax. So it looks like you let things roll until the DD is at 3000 pips or about -$6000, and then you close those trades, take the loss, and restart. Is that the case?
Depending on lot size, but at 0.25 lots its would be around $6,000 as JPY pairs not equal $1 per pip.
Just lower the lot size, not restart.
  • #173
  • Jan 5, 2017 1:33pm Jan 5, 2017 1:33pm
Quoting dax30
{quote} Also, I am giving option of a managed account, its not a hard sell. Its take or leave job. If someone wants to make money in forex managed account, then ok, if not, no probs, I'm easy eitherway. I can state unequivocally spreads and comms will not be increased. $5 comms in Tradeview per $100k RT.
unfortunately Tradeview not offered in US

Please be advised, services and products described on this site and offered by Tradeview Ltd. (TRADEVIEW) are not being offered within Canada or the United States and not being offered to U.S., Canadian residents or citizens, as defined under applicable law.
  • #174
  • Jan 5, 2017 1:37pm Jan 5, 2017 1:37pm
Dax, do you want to start in the signal in mql5? I will be glad to subscribe...
  • #175
  • Jan 5, 2017 1:49pm Jan 5, 2017 1:49pm
Quoting dax30
{quote}if someone asks you for something before you offer it, does it mean you sold it?
Account 2 is 135 days.
Yea , a sucker born every minute and any fool can criticize, condemn and complain as most fools do.
Yes it does mean you sold it, unequivocally.

Account 2 was stagnant for 100 of those days, right.

Someone on here accused you of being a scammer, which may be true or not but I hope people do some serious due diligence before getting involved with you or anyone offering free money. It is the fool that gets their fingers burned,

Hey if you can keep these accounts going for a year maybe I will join you if you will have a skeptic like myself.

Best of luck to you.
  • #176
  • Jan 5, 2017 2:17pm Jan 5, 2017 2:17pm
Quoting dax30
{quote} Also, I am giving option of a managed account, its not a hard sell. Its take or leave job. If someone wants to make money in forex managed account, then ok, if not, no probs, I'm easy eitherway. I can state unequivocally spreads and comms will not be increased. $5 comms in Tradeview per $100k RT.
WOAH BUDDY...

THIS IS A COMMERCIAL INTENT.

FF ALARM ACTIVATED

WOOO oooooooOoooooooOOOOOOOOO OOOOOOOOooooooo!!!
  • #177
  • Jan 5, 2017 2:18pm Jan 5, 2017 2:18pm
Quoting Kubez
{quote} Yes it does mean you sold it, unequivocally. Account 2 was stagnant for 100 of those days, right. Someone on here accused you of being a scammer, which may be true or not but I hope people do some serious due diligence before getting involved with you or anyone offering free money. It is the fool that gets their fingers burned, Hey if you can keep these accounts going for a year maybe I will join you if you will have a skeptic like myself. Best of luck to you.
Account 2 traded since August.
Free money is not, client pay fees. No free lunches.
Thanks for the luck.
See in you in 2018
  • #178
  • Jan 5, 2017 2:22pm Jan 5, 2017 2:22pm
Quoting hilmy83
{quote} woah buddy... This is a commercial intent. Ff alarm activated wooo oooooooooooooooooooooooo ooooooooooooooo!!!
super ooooooooooooo
wowooooooooooo
ye ha
  • #179
  • Jan 5, 2017 3:18pm Jan 5, 2017 3:18pm
Quoting dax30
{quote} Depending on lot size, but at 0.25 lots its would be around $6,000 as JPY pairs not equal $1 per pip. Just lower the lot size, not restart.
Thanks for your comments.

It seems to me that if the loss is not taken at -$6000 then you would be hoping it does not go to -$7000.
Reducing lot size means it will have to retrace even larger number of pips if you are to come out alive.
It may stay away for years.

If the DD goes to -$7000, what is the next step?
At some point I think the Piper has to be paid?

harry
  • #180
  • Jan 5, 2017 3:35pm Jan 5, 2017 3:35pm
Quoting harry99
{quote} Thanks for your comments. It seems to me that if the loss is not taken at -$6000 then you would be hoping it does not go to -$7000. Reducing lot size means it will have to retrace even larger number of pips if you are to come out alive. It may stay away for years. If the DD goes to -$7000, what is the next step? At some point I think the Piper has to be paid? harry
It all depends on your risk tolerance, personally to me not matter if it goes to $6k or $8k or $10k because its still a small amount of my overall investment potential.
If you have a total of $10,000 to trade with then its a different story, lot size should only be 5-10k lots, so 3000 pips is $1500-$3000 or less.
Not take years because average month pips is 2200 so return to equity high is short time.
The crucial equation is average month pips/expected worst drawdown as this defines how long to return to equity high.
If a system only return 500 pips a month, then would take 6 months to recover the loss, in this case...1.5 months
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