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  • Mariusz K.
    replied
    Helgi,
    You make me shy....... to be sincere I wonna leave as if weaker period comes will be a test period: more for my followers then for me; I'm thinking to write something down about money management and risk involved with trading;
    my longer stats about December are pretty good including period between Christmas and New Year so I'm not gonna miss especially I'm not leaving for holiday or so, just going to family but this is such easy to do my job on the move, isn't it?
    Helgi, let's keep in touch over Facebook.....I do like your homeland......
    Cheers, Mariusz

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  • hs2013
    replied

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  • Mariusz K.
    replied
    BigRiverMan
    Thanks for your support. According to my own calculation it is bigger: -6.8%.....doesn't matter; also please notice that my max.drawdown is 26.17%, not 20%; as long as it doesn't exceed the historical one and you don't risk more then me there is no issue;
    If I reach 30% of drawdown (based on balance not equity) I will stop trading for at least one week - to objectively and without emotions analyze what's going on.
    I'm trying to not lure people by many tricks I knew over years in the business so let me please express once more:
    despite I have 12 months record it is no prove for further good results; this is only some better edge and nothing more to look for so analyzing my detailed data is crucial to properly manage risk.
    Mariusz

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  • Big River Man
    replied
    It's hardly a problem Mariusz. I think he is not so sure what he is talking about. There is a 5.6% drawdown at the moment. Historically there has been 20% so I would not let it bother you. Still 12%+ for the month. Doing very well. Do not despair from just 1 person. Others here would be very happy so far as I am.

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  • pal444
    replied
    Originally posted by Mariusz K. View Post
    pal444
    I'm not feeling good if someone is not happy with me and loose money; I took closer look: if you started to follow my trades since 13th this month up to date there is a loss of 3.9% (my calculation based on my own account that could be little different to MyFxBook); even if for some reason you got more, like 5,6%(if it happened you should talk immediately to me/ST stuff) - so what? You have to be prepared for at least my max. drawdown so the above means nothing.There is no way to avoid longer loosing strikes with longer data - we, traders HAVE to accept looses as a natural part of the trading.
    Pal444, please don't take personally all what I said, if I offended you in any way, I'm so sorry, it wasn't my intention. Apparently you're not experienced like I wasn't few years ago....
    I have learned my lesson Mariusz, I will not contact you again. I apologize for contacting you with my concerns.

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  • Mariusz K.
    replied
    pal444
    I'm not feeling good if someone is not happy with me and loose money; I took closer look: if you started to follow my trades since 13th this month up to date there is a loss of 3.9% (my calculation based on my own account that could be little different to MyFxBook); even if for some reason you got more, like 5,6%(if it happened you should talk immediately to me/ST stuff) - so what? You have to be prepared for at least my max. drawdown so the above means nothing.There is no way to avoid longer loosing strikes with longer data - we, traders HAVE to accept looses as a natural part of the trading.
    Pal444, please don't take personally all what I said, if I offended you in any way, I'm so sorry, it wasn't my intention. Apparently you're not experienced like I wasn't few years ago....
    Last edited by Mariusz K.; 11-26-2013, 03:13 PM.

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  • Mariusz K.
    replied
    pal444
    You're saying " I want to cry but I like you so I think you will recover the losses in short time".
    I"m so sorry to say NO NO NO if anyone think about quick recovery; at first what recovery we're talking about: I'm up well 12% for the month.....
    Guys, we approach very important issue regarding trading: if you even think about quick recovery it will effect your activity so simply you break your trading rules and your trading plan is gonna get down and following further loosing money......of course if you have the trading plan: " It would be more but I cut my risk in # number of lots by half as a measure of protection after the first few trades"; I'm so sorry to say that but if you change anything during trading, letting your emotions to play just after few trades, you just don't have the plan.
    I'm always saying that my risk of 2% a trade is already aggressive (I don't wonna even mention about guys risking 5% and more) and warning to not risk then that; at first trying my service it is very wise to risk less to be familiar what I do and to check the copier (some of clients do it and I appreciate them); before you start my free trial you should to know how much to risk and you should to analyze my past 12 months of data (I'm very eager to talk to everybody!) - and once you start, DON'T change anything; breaking rules always brings further looses...
    There is no place for " I want to cry" if you wonna be a trader, not a looser - trading is for cold blood trading plan and execution and that's what I've been doing; of course, despite I have 12 months record it is no prove for further good results (I don't wonna lure anybody!), no but it is just some better edge and nothing more to look for and to protect properly by analyzing my detailed data.
    Guys, pleaaase, don't waste my money for free trial if you're not sure what to do with my signals - talk to me before !?
    Last edited by Mariusz K.; 11-26-2013, 03:15 PM.

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  • Mariusz K.
    replied
    pal444
    I was waiting for first little drawdown since I'm public to see first reactions......and there you go.
    At first let's clear the issues in order:
    " you have had too many losses at these lot levels. Seven losses out of the last nine trades is killing this signal" - 4 looses in a raw of -6.8% (by 26.11) and before it was one winning of +1.49% (my own calculation) and 3 BEs between -0.002%-0.027%
    pal444 - so those 3 BEs you call looses ("seven looses") ???
    Break even means sometimes a little minus, sometimes plus: all together this is ZERO comparing with a standart loss of 2%
    Last edited by Mariusz K.; 11-26-2013, 02:56 PM.

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  • pal444
    replied
    Hello Mariusz, Is everything ok your end? I am concerned in that you have had too many losses at these lot levels. Seven losses out of the last nine trades is killing this signal. My two week trial is over and I am down $323. It would be more but I cut my risk in # number of lots by half as a measure of protection after the first few trades. I want to wish you well, perhaps take a breather and step back and regain the winning edge. I don't like to say good luck as you are better than needing luck, how about Good Trading Conditions!

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  • pal444
    replied
    Good Morning Mariusz,

    I just joined your signals two days ago. I want to cry but I like you so I think you will recover the losses in short time. Have a great day Mariusz and I look forward to your winning edge for many years to come. Pal

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  • VictorTous
    replied

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  • Mariusz K.
    replied
    Rod,
    If it is like you're saying definitly you should talk to Simpler Trader guys to fix it; however I'm pretty sure everyone watches MyFxBook data so everything is clear......sure, the above messes around......
    Mariusz

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  • nwboater
    replied
    Originally posted by Mariusz K. View Post
    Rod,
    The both ways are correct: the way ST shows overall/monthly profit is not rare but I agree it can be misleading: they treat your initial deposit as 100% already so if you earn let's say 25% - will be displayed 125%; personally I don't like it - I prefer to see only clear profit and that's it.
    Every verification will differ a little due to software data or so.....anyway I advise to watch MT4i (at the moment there is some bug I can not find) so let's take average monthly profit of 11%
    Regards, Mariusz
    Thanks very much for the prompt response Mariusz.

    I still don't at all understand how ST is coming up with 25%/month profit for you when in fact it is 11 or 12%. I checked Viper and Trade Alerter and their figures agreed with MyFxBook. But I wonder if some others may also be wrong. In comparing Signals it sure distorts reality.

    I hope that Nick or Will can chime in on this. If not I'll start a separate thread on it.

    Best Regards,
    Rod

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  • Mariusz K.
    replied
    Waleed,
    Generally speaking you're absolutely right - this is following short term trend in term of Forex market analyze; let's go maybe a bit in details as I guess you're following my signals by a copier and you wonna know what's going on.
    If I pick up a valid signal setup in the direction of mentioned short term trend (I also follow counter trend) and it reaches break even then I can consider to take another signal but only if on next day it'll appear brand new price action setup in the same direction (if it is opposite one - I simply ignore it); so all in all I got, in the above scenario, one trade already in safe mode and another one put into risk : partial profit taken of about 1.4%, another 1% can be taken by the first trade and the second one can loose 2% or go into next profit. If anything not clear, please let me know
    Regards, Mariusz

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  • Mariusz K.
    replied
    Rod,
    The both ways are correct: the way ST shows overall/monthly profit is not rare but I agree it can be misleading: they treat your initial deposit as 100% already so if you earn let's say 25% - will be displayed 125%; personally I don't like it - I prefer to see only clear profit and that's it.
    Every verification will differ a little due to software data or so.....anyway I advise to watch MT4i (at the moment there is some bug I can not find) so let's take average monthly profit of 11%
    Regards, Mariusz

    Leave a comment:

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