As per title, is this type of performance good? Broker is regulated..
- Joined Mar 2016 | Status: Peace_To_The_World | 621 Posts
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
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DislikedAs per title, is this type of performance good? Broker is regulated..Ignored
Disliked2-3% in 2 years means you are on the right track and better than most traders on FF. So good on you. But does it rank you among the top traders? No.Ignored
If a trader can achieve that consistently they are up there with the greatest Market Wizards in history.
Very few can demonstrate these sort of stats over 24 months or longer..Very very few
DislikedMy aggressive MM trading account is showing that 5 % monthly can be done easily. But I wouldn't trade this way with investor's money involved. 13,9 % drawdown is too high for most people to handle. I try to be conservative and stay under 5 % drawdown, which gives more modest results but less volatility to equity curve. {image}Ignored
DislikedMonthly gain of 3-5% is very good! We are talking in rang of the best forex traders. But realistic goal with small account if you know how to trade. Things get complicated when you hit 200K mark. Your leverage gets reduced. No bucket shop is willing to give you as high leverage as before and you're too small to go to investment bank. If you're a scalper, it becomes a big problem. Lower leverage means slower growth of your equity.Ignored
Disliked{quote} Hmmm. I disagree - a 2-3% return is not only on the right track..Its bang on if the drawdown remains in the 5-10% range (ideally 5-7%). This sort of performance would attract significant investor capital if marketed properly under the right 'umbrella'. 3% pcm compounds to 42.58% per year 5% pcm compounds to 79.59% per year If a trader can achieve that consistently they are up there with the greatest Market Wizards in history. Very few can demonstrate these sort of stats over 24 months or longer..Very very fewIgnored
Disliked{quote} Lol you have no power over DD. one year may be 10%, another may be 30%.. s**t happens! According to my findings.. the higher the return, the higher the DD.Ignored
Disliked{quote} Hope you don`t mind me asking but what do you do when you exceed the 5% drawdown ? quit trading ?Ignored
Disliked{quote} I'm curious about this - couldn't you just open up multiple accounts and set up an MT4 signal to run them all at the same time?Ignored
Disliked{quote} Chance of hitting 10 uninterrupted back to back losses in a row over 100 taken trades for my system is not marginal 15.7%, so I have to adjust size of my positions accordingly. When trading clients money I risk only max 0,5 % capital per position, when trading countertrend moves (lower RR ratio/higher win rate) and max 1 % per position when trading in the direction of the main trend (higher RR ratio/lower win rate) and never exceed more than 5 % risk per capital on all open trades which must have low correlation index between them (so you...Ignored
Disliked{quote} Yes its usually the case that the higher the return the higher the drawdown..that's very basic stuff and simple math. A marketable strategy for the purpose of attracting serious investor capital is one that maintains a drawdown of under 10% and a return above 1.5% pcm...this is not my view but one that is touted across the investment landscape.Ignored
DislikedMy aggressive MM trading account is showing that 5 % monthly can be done easily. But I wouldn't trade this way with investor's money involved. 13,9 % drawdown is too high for most people to handle. I try to be conservative and stay under 5 % drawdown, which gives more modest results but less volatility to equity curve. {image}Ignored