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  • Finally I can offer MAM

    Hello,
    I have finally setup a MAM for everyone who was asking for one. This is probably the best solution if you want to profit from my trading. The minimum deposit size needs to be no less than 5,000 Euros. So anything from 5,000 and up is fine. The goal is to reach 100k this yr and by next yr 1mil or as close to it as possible.

    The monthly profit is anywhere from 5-20% just depends on what the market gives us. The draw down on average moves anywhere from 0.1%-5% & once a yr it can go to 18 or 20%. During the flash crash I was 18% floating DD but because of the giant spread myfxbook recorded a 40% DD even thou I made 10% profit from the crash. I am assuming as the positions were closing 1 after the other because i had 6 of them open, for a second it recorded that kind of DD. The risk and strategy is controlled very tight at every level and is very well thought out. ( The reason why it has been successful for almost 2 yrs)

    This MAM is not for US. Residents because I use hedging to manage losing trades as last line of defense.

    Here are a few youtube videos I made explaining a little bit about how the strategy is traded that you see on myfxbook. Link here: http://www.myfxbook.com/members/JoePro

    Video explaining entry & taking profit: https://www.youtube.com/watch?v=mapsA0h6VwE
    Video explaining a little bit about how hedging works: https://www.youtube.com/watch?v=lE_bIlIj7NY
    and last video explaining entry and why I never enter a full position and split it by 5 to make profit also in ranging markets: https://www.youtube.com/watch?v=0Zt2aryzwSA

    To sign up to the MAM follow this Link http://portal.tier1fx.com/Redirect?linkID=0013065

    If you have any questions, you can write here or come to the chat room, i am there most of the time when I am watch over the EAs trade.
    Knowing how to manage your losing trades, is what makes you an excellent trader. www.myfxbook.com/members/joepro

  • #2
    Good luck Joe.

    My immediate reaction is that you're focusing on the returns rather than the downside risk.

    You say the drawdown averages between 0.1% and 0.5%? How does that relate to the overall 18-20% drawdown? And which one is it, 18% or 20%? This shouldn't be a liquid number, it needs to be fixed.
    Audio Interview with Jay from SteadyCapture Now Available
    Click Here To Listen

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    • #3
      Hey nick, thx. I said 0.1% to 5% not 0.5% on average and 18 to 20% once a yr. These numbers are talking about what people can expect to see with a 10k account. This is not talking about DD cap. The more profit every month the lower the DD goes. The img. below demonstrates the DD history. The max DD for a 10k account would be 40% ( 4K ) & the bigger the account the lower the DD. With small accounts to make good money you have to take a little bit higher draw down in %. With the Risk modifications I have done over the weekend for the MAM, we should never see 40% DD on a 10k account.
      Knowing how to manage your losing trades, is what makes you an excellent trader. www.myfxbook.com/members/joepro

      Comment


      • #4
        Originally posted by JoePro View Post
        Hey nick, thx. I said 0.1% to 5% not 0.5% on average and 18 to 20% once a yr. These numbers are talking about what people can expect to see with a 10k account. This is not talking about DD cap. The more profit every month the lower the DD goes. The img. below demonstrates the DD history. The max DD for a 10k account would be 40% ( 4K ) & the bigger the account the lower the DD. With small accounts to make good money you have to take a little bit higher draw down in %. With the Risk modifications I have done over the weekend for the MAM, we should never see 40% DD on a 10k account.
        I'm not sure you understand how MAM software works...

        If I have $20k invested it'll get the same drawdown in percentage terms as you $10k account.

        Conversely if I have $5k invested (provided your lot sizing isn't less than 0.02) I'll get the same drawdown in percentage terms.

        Regardless, the point of my post was to understand what your worst case scenario is.

        You're focusing on returns, not risk, and that's the issue.

        You say in your signature "Knowing how to manage your losing trades, is what makes you an excellent trader. " - so please tell us how you manage a losing trade because the best way to "manage" a losing trade is to know when you're going to cut it in my humble opinion.

        Audio Interview with Jay from SteadyCapture Now Available
        Click Here To Listen

        Comment


        • #5
          Originally posted by JoePro View Post
          The max DD for a 10k account would be 40% ( 4K ) .
          Is the EPM setup and is set at 40%? - http://www.tier1fx.com/en/trading-ac...on-management/

          Are you using the MT4 or jForex platform?
          What account type will you be using?
          Their main server is in NY, are you hosting your EA in USA?

          Can you make a video to explain the martingale money management that happened on OCt7, because I see starting lotsize of 0.05 and quickly grew to 1.49 Lot.
          https://i.gyazo.com/8a58e351e17f42b4...34a9f40e4f.png
          And is the so called hedged strategy the Zone Recovery method?
          Last edited by HedgeBitcoin; 10-26-2016, 02:59 AM.
          MacroManPro - SimpleTrader
          FX4BTC Website

          Comment


          • #6
            Fair questions that require fair answers Tranding & MAM Plan

            1. I am using the MT4 Platform for the account

            2. The EPM (Equit Protection Management) will be set to maximal 30% Floating Draw Down This is worst case scenario like in a flash crash.

            3. The longest Draw Down period in the past 20 months was 3 weeks long

            4. Losing trades are managed using a type of Zone Recovery instead of a stop loss with maximum 5 hedge trades per level

            5. The account I am using will be raw spread + commission

            6. Since the brokers main server is in NY, the EA will be running from the Equinix NY4 data center cross connected with the broker for 1.5ms latency. Additionally the broker is a proven STP (Straight through procession) Broker & doesn’t B Book. All trades will be executed direction with the liquidity providers and not in house.

            7. Minimum account size requirement is 5,000 Euros but prefer 10,000 Euros

            8. Yearly expected profit target is anywhere from 50% to 75%

            9. Main currency pair traded is GBP/JPY & additional sub pairs are GBP/AUD GBP/NZD & EUR/JPY for spreading out risk

            10. Instead of taking full trades, the EA will take the full trade position and split it up by 5 little ones at different price levels. This allows again to reduce risk by allowing the EA to micro manage each 1/5th of the full trade

            11. Performence fee is 30% from profits made every month which will be deducted on the 5th of every month. Additionally there will be a small fee of 0.2% from total account size to pay for the costs of maintaining the VPS & other costs involved with running the MAM.

            Also, I made a video explaining the risk management and demonstrating how the losing positions are managed. https://www.youtube.com/watch?v=8fvolA3L_Q4

            By the way, the 40% Draw Down shown on myfxbook is not equity draw down, it's the draw down of a single trade but because I don't use stop loss and hedge instead, equity draw down during the crash was actually 11% You can look at the draw down histogram and see the equity draw down or visit my simpletrader stats https://www.simpletrader.net/signal/...-Strategy.html

            I encourage more questions if this doesn't cover most of it. Cheers - JoePro
            Knowing how to manage your losing trades, is what makes you an excellent trader. www.myfxbook.com/members/joepro

            Comment


            • #7
              Seems alot easier to just find 1 guy with 100k.

              Comment


              • #8
                Nice to see your thread joe.. Missed you at the live trade room.. U must have been busy adjusting your EA.

                Nick , you should check his account trades during the gbp flash crash... Thats the interesting part. The execution of trades are amazing and he got filled when people realized there wasn't any liquidity in the market. Not sure how and why. But joe came up profitable. I checked his account. Looks really nice.

                Thw main idea is eventually market will move significantly to the up or bottom side and all these hedges will come out in profit.

                All the best joe.
                The forex market is already so complex, don't make it worse.

                Comment


                • #9

                  FanFocusATgmailCOM


                  Yeah I have been busy actually preparing for a business trip & haven't had much time to come to the chat room. I will be there tomorrow during NFP hope to see you there. Oh and I am going to be releasing a full video of the strategy & how the risk management is done. Risk management is where all the effort has been put into for the 95% of the strategy, taking profit is easy anyone can do that but managing the losing trades is what makes my trading different from others.
                  Knowing how to manage your losing trades, is what makes you an excellent trader. www.myfxbook.com/members/joepro

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