College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by BeginnerJoe Don't you mean friends and families passwords ? You were warned by the mod about taking ...

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%
Voters: 135. You may not vote on this poll

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Old Sep 24, 2011, 1:26am   #361
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by BeginnerJoe View Post
Don't you mean friends and families passwords ? You were warned by the mod about taking on investors.
Who are indeed my members, yes.
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Old Sep 24, 2011, 5:48am   #362
Joined Jul 2011
Re: College Fund Challenge

I just ran the analysis, your trading system is doodoo.
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Old Sep 24, 2011, 9:50am   #363
Joined Sep 2010
Re: College Fund Challenge

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707

ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend

ACCOUNT BALANCE AUGUST 2011
5th £514 = $839
12th £514 = $839
19th £543 = $896
27th £610 = $991

ACCOUNT BALANCE SEPTEMBER 2011
2nd £629 = $1,019
16th £653 = $1,030 There is however a drawdown this weekend of £63
23rd Stoploss hit, closing down. It was fun while it lasted
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Old Sep 24, 2011, 11:04pm   #364
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
I never said there would not be a loss so no shocker to me that one loss in 14 months happened. .
This is not a true statement. The ONLY reason that one loss occurred was because the system was curve fitted and optimised for NO losses in the first 12 months.

Quote:
Originally Posted by tkbieber View Post
I went as far back as my data would allow, June 30 of 2010. I plugged in settings and ran hundreds of tests to come to my current settings. :
You started this thread and trading this system on June 1 of 2011 so it was ONLY POSSIBLE for a loss to occur from that date.
You got very lucky. You had no losses for three and a half months 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.
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Thanks! The following members like this post: debrox
Old Sep 25, 2011, 4:58pm   #365
Joined Jul 2011
Re: College Fund Challenge

Quote:
Originally Posted by debrox View Post
I just ran the analysis, your trading system is doodoo.
I wrote the following analytical c++ program:

#include <iostream>
int main()
{
double sharpe = .2;

if(sharpe < .5)
{
cout << "This trading system is for sure doodoo" << endl;
}

return 0;

I ran it 5000 times and averaged the results. 100% of the time, the program outputted for sure doodoo, using his trading system.
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Old Sep 25, 2011, 5:28pm   #366
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by debrox View Post
I wrote the following analytical c++ program:

#include <iostream>
int main()
{
double sharpe = .2;

if(sharpe < .5)
{
cout << "This trading system is for sure doodoo" << endl;
}

return 0;

I ran it 5000 times and averaged the results. 100% of the time, the program outputted for sure doodoo, using his trading system.
If your program doesn't work, then you probably need to come out with version 2.0. That's what Windows has to do all the time.
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Old Sep 26, 2011, 1:23pm   #367
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread A nice start for the week with +2 pips.
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Old Sep 26, 2011, 2:43pm   #368
 
Hotch's Avatar
Joined Jul 2008
Re: College Fund Challenge

Ah, I see you're starting to hide info on myfxbook, smooth.

Firstly, you need to change your website:

"We are currently earning from 30%-60% every month." Should read "We are currently losing ~4% a month."
__________________
I'm just the guy that never tried, I'm just the stupid **** with brilliant luck and sometimes a bright idea.
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Old Sep 26, 2011, 3:05pm   #369
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by Hotch View Post
Ah, I see you're starting to hide info on myfxbook, smooth.

Firstly, you need to change your website:

"We are currently earning from 30%-60% every month." Should read "We are currently losing ~4% a month."
It's impossible to hide it when I give you the link.

Must I walk you through what it says?? I'll just copy and paste, much easier.

-39.97%
Abs. Gain: -39.97%
Daily: -2.40%
Monthly: -50.87%
Drawdown: 49.23%
Balance: $414.19
Equity: (100.00%) $414.19
Highest: (Sep 20) $804.06
Profit: -$275.81
Interest: $1.42
Deposits: $690.00
Withdrawals: $0.00
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Old Sep 26, 2011, 7:36pm   #370
Joined Jul 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
It's impossible to hide it when I give you the link.

Must I walk you through what it says?? I'll just copy and paste, much easier.

-39.97%
Abs. Gain: -39.97%
Daily: -2.40%
Monthly: -50.87%
Drawdown: 49.23%
Balance: $414.19
Equity: (100.00%) $414.19
Highest: (Sep 20) $804.06
Profit: -$275.81
Interest: $1.42
Deposits: $690.00
Withdrawals: $0.00
A negative Sharpe ratio, ouch. I may as well buy US bonds.
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