SL hit -40 pips. Bye bye FMT
Have a great weekend davinci79, see you next week
You too but I'm not sure to be here next week. Anyway I still have a little hope because my backtests show that this is not the biggest drawdown since January 2009.
Effect of a 10,000 investment at start of 01 January 2011, traded daily at 40tp/40sl, with 5% risk
Account now stands at 15,900
59% growth in 19 weeks
And that's for being right only 57% of the time
I am not here to persuade people who quit to hang on, nor to say what other systems or settings might be better
Thanks Pod for the encouraging graph, i'm feeling "nearly" the same... only started in April so down 13% of my "initial" investment. not good but gonna carry on as i guess taking the drawdown and being a man about it (!) is all part of learning trading psychology.
Hello my friends,
All the trading systems I have seen have drawdowns, should FMT be excluded of it? ... please don't say 'yes' because it would mean you are not ready for trading.
Is anybody having a DD higher than 10% by risking 2%? maybe just a few.
In my personal situation, I'm having a DD of -6% by risking 4%, which I consider as normal, inside of the expected values considering the backtests I did.
For this reason I'm not worry about FMT performance right now, just keeping an eye in the coming weeks.
Cheers.