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  • #221
  • Jan 13, 2017 1:00pm Jan 13, 2017 1:00pm
Quoting Boulder
Me too. I want to see Dax win. I think too many distractions by those bad mouth people for the last two weeks. it would affect my trading.

Ok........... what about next time? And after that? He doesn't have a control over his risks, therefore he can never be a consistent profitable trader, at least with this current money management.
  • #222
  • Jan 13, 2017 3:33pm Jan 13, 2017 3:33pm
The US dollar has been declining for last 2 weeks and Dax has been buying. The Aussie dollar has been rising as a consequence and Dax has been selling. You have to check the facts. The Market v Dax. The market wins.
You came here for the truth and let me unveil it for you
  • #223
  • Jan 13, 2017 7:04pm Jan 13, 2017 7:04pm
Quoting Boulder
Me too. I want to see Dax win. I think too many distractions by those bad mouth people for the last two weeks. it would affect my trading.
that was a stupid answer. dax is using experts advisors, and dont trade by hand. so no distraction, its only a bad moneymanagement that caused the losses like often seen from trading beginners.
  • #224
  • Jan 13, 2017 8:22pm Jan 13, 2017 8:22pm
That is what you think. Indeed dax uses EA entries but it seems he overrides his EA exits. . I highly doubt he is a beginner, a beginner can't make 10k a month by saying so, dax has proven he can make tha a month. I am still looking forward to his trades each day, comparing his trades to my system. Just in case it ends bad in the future, for me its a valuable lesson. the most important part, I want to see him win, because it will set a good example for me to trade for a living one day.
  • #225
  • Jan 13, 2017 8:40pm Jan 13, 2017 8:40pm
he was trading same overriding from beginning. nothing changed. same simple basic trading principes.
i dont know if he is a beginner, maybe yes or no, but i did say he uses simple beginners moneymanagement. maybe because he dont know bether or because he want maximum wins for maximum risk of many account kills or even paying negative balance. with this moneymanagement i did see many even worst, but with wrong starting month he would have done worst too, often luck part.

and 1 example : a advanced trader he isnt for sure, or at least not a medium programmer. because i dont see hedge trades with good traders or programmers (and i evaluate and improve trading programs for clients, so i know what i speak about), only with beginners. this is paying rollover more then it had to be, thats stupid and a 100% loss of some money each day plus additionall risks (this would even a medium programer or trader not do,even in multitimeframe trading it is very easy to avoid), so he dont know bether or cant program bether. there are so many marks , so you see fast what a trader can or cant and where his skill level is.
  • #226
  • Jan 13, 2017 8:57pm Jan 13, 2017 8:57pm
I do question some of trades,it seems some are manual not EA trades. But overall, when i look at his performance on his acct 1, DD only 16% with over 180% gain,,, for me it is still good performance. Hope he continues his success

Performance

  1. Profit Factor:
  2. Sharpe Ratio:
  3. Sortino Ratio:

  1. Return:
  2. Time Return:
  3. Annualized Return:

  1. Gross Gain:
  2. Gross Loss:
  3. Profit:

  1. Pips Gained:
  2. Pips Lost:
  3. Net Pips:

  1. Max Return Run-Up:
  2. Max Return Drawdown:
  3. Max Profit Run-Up:
  4. Max Profit Drawdown:

  1. 1.61
  2. 0.66
  3. 0.01

  1. 185.4%
  2. 0.0%
  3. 0.0%

  1. $24,638
  2. -$15,328
  3. $9,311

  1. 12,234
  2. -6,807
  3. 5,428

  1. 238.4%
  2. -16.8%
  3. $11,184
  4. -$2,66

  • #227
  • Jan 13, 2017 9:07pm Jan 13, 2017 9:07pm
you are correct, but he told us all 5 accounts are different strategies and all are traded (so all 5 account need to sum to one to calculate win and drawdown). so you need to take in account all. then the drawdown is much much higher. and he did not fill in money again in the 3 closed accounts, then drawdown had to be even much higher.

time will tell. i dont speak negative, only realistic.
  • #228
  • Jan 14, 2017 1:15am Jan 14, 2017 1:15am
My real concern with this was and still is, is what is the plan on drawdown. I have questioned Dax on this in previous posts, and his approach, as far as I can judge is:
1) Drawdown does not concern him, whether is is $1000, $5000, or $10,000. His thinking appears to be that he has sufficient funds to ride any drawdown.
2) I think he feels he has some sort of 'edge' in taking a trade, but an analysis of a lot of trades show that they are effectively 'random' in the great ocean of randomness in which we are operating.
3) The best guess as to his risk approach is he assumes (1) above, but if drawdown keeps increasing, then at some point he will adjust/make a decision based on what the situation is at that point, or perhaps how he feels at that time? Sort manual approach?
So my point is that regardless of whether there is an 'edge' or not, at some point the little black swan appears (even against the best fundamental/technical/logical info the price can move irrationally for a long time) and puts the risk management plan back in the spotlight. Might only occur once in one/two/... years, but it WILL occur. The previous response from Dax which said to not close off trades, but take smaller lots will most likely make a bad situation worse. Another random solution applied to a random problem.
Perhaps if you read this post Dax you might like to correct me as to the risk approach you use. I am sure that any investor you have would/should be interested.

The comment by dukas re hedge trades is so true. They don't save you from any loss. At best they postpone it. Most cases they extra costs over and above the original loss. Still dealing with randomness!!

harry
  • #229
  • Jan 14, 2017 6:11am Jan 14, 2017 6:11am
Glad to see that there are so many multimillionaires in this thread. I don't see your trade explorers though to back up your wisdom. But Dax has. The only reason for opening this thread was to show that it is possible to earn money in forex. So far he has proven it. What I see is that this kind of hedging works for him and he knows how to handle it. All you whiners should just give him a time. If those accounts don't last then yes you where right and can pat your shoulder. No need to yell yet how wrong he is. He has shown at least some proof that he has withdrawn 1,2M from his accounts. What have you proven?
  • #230
  • Edited 8:50am Jan 14, 2017 8:32am | Edited 8:50am
Quoting 1pipperhour
Glad to see that there are so many multimillionaires in this thread. I don't see your trade explorers though to back up your wisdom. But Dax has. The only reason for opening this thread was to show that it is possible to earn money in forex. So far he has proven it. What I see is that this kind of hedging works for him and he knows how to handle it. All you whiners should just give him a time. If those accounts don't last then yes you where right and can pat your shoulder. No need to yell yet how wrong he is. He has shown at least some proof that...

Well so so far he has not proven it, earning money in 2 months is not earning money in forex trading, and most importantly I can not see any management in the open orders when I see an open audusd trade for a 1:1 leverage at 6.2% loss which is 12 times his average win, why not showing us where the stop is so we could figure out how much is his risk, anyway 6.2% is already way too much for a 0.5% win average but it's obviously more as it didn't touch the stop loss yet, why hiding it ? Is it 5% more away ? I mean 6.2% with 1:1 leverage, really ?!
LDFX Trading Ltd
  • #231
  • Jan 14, 2017 8:58am Jan 14, 2017 8:58am
Quoting LDFX
{quote} Well so so far he has not proven it, earning money in 2 months is not earning money in forex trading, and most importantly I can not see any management in the open orders when I see an open audusd trade for a 1:1 leverage at 6.2% loss which is 12 times his average win, why not showing us where the stop is so we could figure out how much is his risk, anyway 6.2% is already way too much for a 0.5% win average but it's obviously more as it didn't touch the stop loss yet, why hiding it ? Is it 5% more away ? I mean 6.2% with 1:1 leverage, really...
Because it is not the idea of this thread. The idea is to show that it is possible to pull out 10K every month. Just sit back and enjoy. If he fails, so what. If he succeeds I'm in a first row to applaud.
  • #232
  • Jan 14, 2017 10:10am Jan 14, 2017 10:10am
Quoting 1pipperhour
{quote} Because it is not the idea of this thread. The idea is to show that it is possible to pull out 10K every month. Just sit back and enjoy. If he fails, so what. If he succeeds I'm in a first row to applaud.

Are you affiliated to him somehow ?
LDFX Trading Ltd
  • #233
  • Jan 14, 2017 12:31pm Jan 14, 2017 12:31pm
Quoting LDFX
{quote} Are you affiliated to him somehow ?
No.
  • #234
  • Jan 14, 2017 12:47pm Jan 14, 2017 12:47pm
Quoting LDFX
{quote} ...I mean 6.2% with 1:1 leverage, really ?!
I was wondering... do you have anything better to show us? Anything would be just fine... Show us London! Don't be shy!
Maadik Hugiis. IQ 69.
  • #235
  • Jan 20, 2017 7:22am Jan 20, 2017 7:22am
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.

If I had invested my money with you when you made this post, what condition would my account be in today?
  • #236
  • Edited 11:46am Jan 20, 2017 11:30am | Edited 11:46am
Quoting Kubez
{quote} If I had invested my money with you when you made this post, what condition would my account be in today?
you can see this in the account 1 and 2. about minus 20-30% for 2017, and the 3 other accounts was killed or closed or not deposited again (or looks like this).
but drawdown was ofcourse higher and there are often complete account kill risks over the weekend. needs often a little bit luck in the right direction if there is a bigger weekend move because of this high leverage (but without this leverage the wins was also more little offcourse).

the biggest problem is: on starting there was like 0,2 lots with 5000 account, then with a 15000 account there was 0,25 lot used. so with 300% more equity it was only used 20% more lots. so when he started in 2017 the accounts would be killed allready completly, even when he had inceased lotsize to same percent it had lost a extrem value from the accounts.
so it looks like you need a good starting month or accounts can be killed very fast.
maybe this is an problem with his expert advisors, because of bad programming. or he is a little bit new in the market (he says no, but often he does to much beginner mistakes). doing same lotsize (or not a lotsize in relation to your equity) in expert has the problem, that in his backtests the results are useless ,because with good starting month your drawdown is complete different then with bad starting month (even the account can be killed with bad starting month, and with good starting month backtest shows super results). maybe he dont know about this basic problem, but this is one of the beginner problems in trading and backtesting.
it really looks like he needs a lot of luck because of his programming and trading skills. after some years of trading you are normally at least at a level, that dont show so big mistakes.
  • #237
  • Edited 2:55am Jan 24, 2017 2:41am | Edited 2:55am
Quoting MoneyZilla
{quote} I was wondering... do you have anything better to show us? Anything would be just fine... Show us London! Don't be shy!

Lol, you mean less bad ? Is it that difficult to make it less bad ? Letting losers run is the worse one can do. Your guy is just doing what all newbie does just with less leverage so it takes more time.
LDFX Trading Ltd
  • #238
  • Jan 24, 2017 2:49am Jan 24, 2017 2:49am
Well, always the same story, some guys claim to be able to make big money on a monthly basis by letting losers run which is nothing new and everyone is capable of, yet they can not face criticism and therefore always answer by that kind, "where is your trade explorer", I ain't the one making it public, so assume dude. And let say that I don't do better, makes it what I said less true ?
LDFX Trading Ltd
  • #239
  • Jan 24, 2017 3:19am Jan 24, 2017 3:19am
Quoting LDFX
{quote} Lol, you mean less bad ? Is it that difficult to make it less bad ?
London, still, show us something. Anything, please. Anything would be just fine...

I do not dare to criticise traders who live or demo trade. I dare to put critics on trading systems. Once in live or demo trading, i hope they make it! Even if i do not respect their trading system, i strongly hope they make it... Shows us what you have, London. You will earn my respect right there, on the spot. I respect those who dare, even when they fail...
Maadik Hugiis. IQ 69.
  • #240
  • Jan 24, 2017 3:45am Jan 24, 2017 3:45am
Quoting MoneyZilla
{quote} London, still, show us something. Anything, please. Anything would be just fine... I do not dare to criticise traders who live or demo trade. I dare to put critics on trading systems. Once in live or demo trading, i hope they make it! Even if i do not respect their trading system, i strongly hope they make it... Shows us what you have, London. You will earn my respect right there, on the spot. I respect those who dare, even when they fail...
you are right.
but if someone is speaking about he has experience, is trading many years, has made millions with it - and then is showing stupid beginner mistakes in many kinds, thats a little bit crazy. he is showing mistakes in programming, basic trading, backtesting rules, expert using and moneymanagement a trader with experience would not do.

i dont say that such "beginner trading style" cant win big money, but for me its more important in a forum to show, what he is doing 100 % sure wrong and right, because most lose with this kind of programming skill and trading.
if you are only speaking about right side, then its a little bit useless in a forum to help people.
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