February performance update:
The month of February ended with a modest gain, but well below my target. The first two weeks saw gain over +600 pips only to be erased during the last two weeks and reduced it to only +300 pips at the end of February.
Cheers,
Fxturtle
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February 21st performance update:
All accounts ended negative for the week ended February 21st, but still positive MTD and YTD.
Cheers,
FxTurtle
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Originally posted by SmartTrader View PostHi Turtle, Looks good for a small sample size though.
I have a question. Are you one person trading the 4 accounts? i have seen your other 3 accounts earlier. If you are trading alone and you dont have a team and if you are a manual trader, managing 4 at a time will be tough. really tough. What do you say.
I have four accounts, but basically I am only managing two because the first three accounts are similar 95% of the time. The master account I use is the Moderate Turtle, which sends signals to FxTurtle and Conservative Turtle using MT4i. The difference is the position sizing and exits and once in a while I take standalone trades in FxTurtle. The "Dumb Ass" strategy is also 70% similar, with the difference of more scalping with really small lot size.
Cheers,
FxTurtleLast edited by fxturtle; 02-15-2014, 04:26 PM.
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Hi Turtle, Looks good for a small sample size though.
I have a question. Are you one person trading the 4 accounts? i have seen your other 3 accounts earlier. If you are trading alone and you dont have a team and if you are a manual trader, managing 4 at a time will be tough. really tough. What do you say.
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Originally posted by Nick View PostWas that across all your accounts?
The good thing is that previous historical DD of all accounts were not breached.
Since I had strings of loses, I have to take profits at lower level than my normal trading to recover those loses. I had to close two instances of GJ shorts for a total of only +130, which if I was not in recovery mode could have fetched over +500 pips.
Lastnight, I shorted GA at 1.8970 and was up by +30. Since I have to limit DD, I moved my stop 15 pips above my entry (initial was 30 pips above entry) then market stopped me out and proceeded to go south for over +200 from my entry point.
It was the fear of possible higher DD that I set for my accounts that prevented possibilities.
We'll the market is not going anywhere.
Cheers,
FxTurtleLast edited by fxturtle; 01-30-2014, 05:39 PM.
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I am totally disappointed in my performance the last 8 days.
Reason for loses and under performance: Fear of losing. It prevented possibilities in the last 8 trading days.
Cheers,
FxTurtle
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Hi FXturtle - I'm sorry but this was put under moderation for some reason. I've accepted the post now so it will be live in the forum
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FxTurtle
Hello traders,
TRADING METHOD:
Manual trading.
No trades are carried over the weekend.
Trading Style:
Trend following and scalping with tight Stop Loss
Traded pair:
EURUSD, USDJPY
Risk Management: Only applies to Fxturtle Conservative
Maximum risk per trade: 0.30%
Maximum risk of all open positions: 0.5%
TP: Max TP is set at +50 pips.
Drawdown or loss management to stop trading:
3% daily loss
5% weekly loss
10% Monthly loss
Monthly goal objective
FxTurtle: 5% - 10%
Recommended trading capital: $20K
FxTurtle Myfxbook
Cheers,
FxturtleTags: None
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