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Kaffee said:600 points on average per month. The problem is getting the leverage right. I made the point on Hans' thread that it was an "all or nothing" system i.e, If your first month is a "down" month do not jack it in.
Some bloke was bitching on there today about not trading NFP as it had screwed him over in Nov and Dec and his account had been badly dented blah blah...
I seriously think some people see the month that it generated 1000 pips and expect it every month. Key word is AVERAGE. You can't pick and choose the trades. Just wish I had 50K to give it a go for a year. Still, tonights' Euromillions lottery win will sort that
We don't need 1000 pips. 600 pips on average per month will make us rich in a few years time. If it's true that Hans123 makes so many pips, it's a very good system, but I am not sure it's true. Let us continue to follow it. How much did it make last month?
TheBramble
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A8 - Do you have the drawdown associated with this system over those same months?
It needs to be considered.
It needs to be considered.
coolTrader
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I agree the draw down is quite a lot. I am currently testing the system using the EA on meta trader. The stops are very wide. Well beyond what I will use anyway and I have not adjusted the current file I have. I will be doing that as the reward ratio is almost 1:1 and to be honest should be at least 1:2 or more or else it will wipe out the capital quite soon. But I am quite impressed with it. On Friday it was quite accurate and did not go long so could have captured all the move but my ratio needs to be adjusted.
TheBramble
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OK mate, no probs. Would be good to have an idea of the whoopsie factor though.Altern8 said:
TheBramble said:
Posted by Hans 26/01/06 after a mare of week:-
It's for sure the worst period I had so far, resulting in the biggest drawdown of this system at the moment.
01/17: -50
01/18: -244
01/19: -237
01/20: +196
01/23: +65
01/24: -120
01/25: +8
01/26: -185 (so far)
Total: -567 pips
trendie
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Kaffee said:
but didnt he close the month of January as slightly ahead ?
( doesnt that mean the days leading upto Jan 17th was way ahead ? )
isnt the point that in the long run, it is profitable ?
the problem, as JonnyT has evaluated, is that ideas work for a while, then dont.
how much do you have to lose before you decide "this isnt working anymore" ?
doesnt matter for us, as I am sure we are all using multiple systems to smooth out the equity curve, arent we ? :cheesy:
PS. Nice Big Ben trade this morning.[/QUOTE]
Baruch
I have lost count of how many times this has been pointed out to you.
The Big Ben breakout is based on the 7am - 8 am GMT range.
Now being as up till now it has not broken that range how on earth can it be a nice trade!
Baruch
I have lost count of how many times this has been pointed out to you.
The Big Ben breakout is based on the 7am - 8 am GMT range.
Now being as up till now it has not broken that range how on earth can it be a nice trade!
