College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; This journal is full of BS. Unless you show all your current Open positions, we cannot see all the hidden ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
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Old Nov 25, 2011, 5:49am   #451
Joined Feb 2011
Re: College Fund Challenge

This journal is full of BS.
Unless you show all your current Open positions, we cannot see all the hidden losing trades that are sitting there.
The ONLY reason that you would be hiding your Open trades are because there are massive losing trades and massive DrawDowns with your EA which you do not want the readers on this forum to see.
The reason you are doing that is so that you can keep selling your EA which spectacularly busted with a 60% loss followed by another 60% loss a couple of months ago.

This "new" version of the EA that you are now flogging is being deceptively charted because the losing trades and DrawDowns are hidden.

Unlock the Open Trades on your myfxbook page so we can see the REAL numbers.
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Old Nov 25, 2011, 5:58am   #452
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
Totals for the month. -36.8%

.
MINUS 36.8%. Thats why the link to the Chart was deleted.

MINUS 36.8% = A busted account
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Old Nov 25, 2011, 6:04am   #453
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by traderman1 View Post
A summary of your Myfxbook chart:

Average win $8.16 VS Average loss $197.94
Best trade $41.72 VS Worst trade $357.83

Current Gain/Loss is Minus 32.55%

Sharpe Ratio Minus 0.11 (A Sharpe must at least be positive to be viable) A Sharpe ratio of 1.5 is acceptable, a Sharpe ratio of 2 is good and a Sharpe ratio of 2.5 is considered very good.

You need to work on your EA some more
Quote:
Originally Posted by victor_db View Post

This is when you went bust and deleted the previous charts
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Old Nov 25, 2011, 1:23pm   #454
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by shewolf View Post
This journal is full of BS.
Unless you show all your current Open positions, we cannot see all the hidden losing trades that are sitting there.
The ONLY reason that you would be hiding your Open trades are because there are massive losing trades and massive DrawDowns with your EA which you do not want the readers on this forum to see.
The reason you are doing that is so that you can keep selling your EA which spectacularly busted with a 60% loss followed by another 60% loss a couple of months ago.

This "new" version of the EA that you are now flogging is being deceptively charted because the losing trades and DrawDowns are hidden.

Unlock the Open Trades on your myfxbook page so we can see the REAL numbers.
And a Happy Thanksgiving to you too.

Actually, you can see all the information you are asking for under the STATS tab where you see the chart. You can see the equity both on the column to the left and the chart where the red line is the balance and the yellow line is the equity. You can also see the maximum equity draw down was 14.84%. You can plainly see any wins and losses under the history tab as well.

Anyway, enough on that. With three trades still open and one closed, I got another .58% gain which puts this month at +52.8%

Click the image to open in full size.
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Old Nov 26, 2011, 5:33am   #455
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by shewolf View Post

and then the loss occurred which wiped out 60% of your account.
But the reason that you didn't have a loss for three and a half months is because of the enormous size of the 250 pip stop loss compared to your small Target Prices of 1 pip, 2 pips and 25 pips.

The only purpose of this type of trading was to sell your EA for as long as you could.
Your first EA lasted less than 4 months before spectacularly collapsing with two huge 60% losses (2 x 250 pips) which busted your account and gave you a MINUS 36% loss.

This second EA has been going for less than six weeks BUT you are hiding your open trades. If you really are open and honest, you would show the Open Trades to allow everyone to see what losses and DrawDowns are being hidden.
One might start to doubt that you have any stop loss at all on your losing trades and have a mighty big DrawDown in progress.

If you really are open and honest, you would show the Open Trades
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Old Nov 26, 2011, 1:55pm   #456
 
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Joined Nov 2007
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
Anyway, enough on that. With three trades still open and one closed
Please elaborate superstar....
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Old Nov 26, 2011, 3:14pm   #457
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Masquerade View Post
Please elaborate....
Yes, a buy signal opened a buy about three days ago on the GBPUSD. As the market began to fall, a sell indicator opened a sell, so that is dead-locked with a hedge at the moment. The USDJPY has a sell which is still waiting closure.
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Old Nov 26, 2011, 4:29pm   #458
 
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Joined Nov 2007
Re: College Fund Challenge

So you bought GBPUSD and then sold it? So you're actually flat on GBPUSD?
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Old Nov 26, 2011, 9:02pm   #459
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Masquerade View Post
So you bought GBPUSD and then sold it? So you're actually flat on GBPUSD?
It's hedged with about 98 pips in between the two. The current DD is about 9%.
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Old Nov 26, 2011, 9:49pm   #460
 
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Joined Nov 2007
Re: College Fund Challenge

So you've lost 98 pips on it. You're flat. Doesn't matter what you do with those positions, you're 98 pips in the hole on it, all you did was lock in a loss when you took the other side.
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Old Nov 26, 2011, 10:58pm   #461
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Masquerade View Post
So you've lost 98 pips on it. You're flat. Doesn't matter what you do with those positions, you're 98 pips in the hole on it, all you did was lock in a loss when you took the other side.
It's not over til it's over. I've been in this situation before and won both trades. I'll let you know how it ends.
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Old Nov 26, 2011, 11:36pm   #462
 
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Joined Nov 2007
Re: College Fund Challenge

Who said anything about over? Fact is you locked in a loss of 98 pips. So you're -98 on that trade. Now if you can manoeuvre the trades you can make the loss back but it'd be incorrect to say you're hedged.
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Old Nov 27, 2011, 1:46am   #463
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Masquerade View Post
Who said anything about over? Fact is you locked in a loss of 98 pips. So you're -98 on that trade. Now if you can manoeuvre the trades you can make the loss back but it'd be incorrect to say you're hedged.
Yes, it's not over until either the SL or TP is hit on both trades. So far, neither one is hit. What it has done is locked in -98 pips or about -4% equity until one of them close out. At this point, the worst that could happen is that there will be one win and one loss. It could just as easily close both in profit as well. Time will tell.

Ok, hedging according to the "books" may mean buy and sell at the same time. What my system does is do a buy or sell on one set-up and then on the next day, if the set-up indicates an opposite trade, the market could have moved several pips in DD on the first trade before the next trade opens the opposite direction. It creates a sort-of "hedging" situation so that there is no further DD until one closes in profit. I've seen this occasionally in the past and just when I think there is no way for both to close in profit then the market just moves the right way and both end up profitable trades. The GBP just keeps getting pounded the last couple of weeks which makes the USD more valuable and the pair keeps going down. At some point the GBP will gain value again but the question is win.

It will be interesting to see how this plays out.
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Old Nov 27, 2011, 5:07am   #464
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
With three trades still open and one closed,
If you show your Open trades, (instead of intentionally and surreptitiously hiding them), then we will treat you as an honest EA vendor.
The alternative is that we will assume that you are trying a scam.
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Old Nov 27, 2011, 2:13pm   #465
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by shewolf View Post
If you show your Open trades, (instead of intentionally and surreptitiously hiding them), then we will treat you as an honest EA vendor.
The alternative is that we will assume that you are trying a scam.
Proof is in the history. If you can't trust the history or the stats and the fact that the Track Record and Trading Privileges have both been Verified as a Real account than I guess Myfxbook is a "scam".
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