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  • madaneeraj
    replied
    Account.jpg

    Account snapshot- I have to host it again on myfxbook and I can host it any number of times I want to so don't worry history is safe. Well nothing much to say here but few things-

    - I had a STP account Excel Markets , I believe I gave the investor password here on this thread itself. www.excelmarkets.com. You can open one.
    - My signal was not for sale, it was on trial. As I have made adjustments to my strategy and there was mix and match I better thought of starting a new account
    - I don't do trading for living and have a full time job, flipping burgers as you said
    - If admin could see you would have been blocked by now.

    Take care and get some life. There are better things in life then criticizing people and fellow traders. There is not 1 of your posts which has written something nice about others.

    Good bye! I am unsubscribing from this thread as I know you would come up with a new crap.

    Leave a comment:


  • p3t3rjj
    replied
    Originally posted by madaneeraj View Post
    I don't have too much money to blow account . And i reiterate its difficult if not impossible to blow the account with micro lots when you follow or even don not follow proper MM.
    I am moving to an ECN broker with bit higher deposit. You will soon find Myfxbook link here.
    Well its smells like BS, looks like BS, its normally BS..

    Even if you were moving to an ECN broker (how did you even find a broker that was not ECN anymore). There is no reason not to leave the old myfxbook connected. History would tell us you withdrew and moved to a new broker. The extended history provided by this old account would only be a benefit to you.. MM? You don't use risk control, that's why I commented on your thread originally, because of what you told potential customers and what you are actually doing. Yet in the style of a truly dishonest person, you deflect the conversation.

    I really don't see why admin does not analyse the bullshit your regurgitating here, and just flatly ban you when its clear your full of crap.

    Leave a comment:


  • madaneeraj
    replied
    I don't have too much money to blow account . And i reiterate its difficult if not impossible to blow the account with micro lots when you follow or even don not follow proper MM.
    I am moving to an ECN broker with bit higher deposit. You will soon find Myfxbook link here.

    Leave a comment:


  • p3t3rjj
    replied
    Well myfxbook link has been deleted, signal deleted. Looks like my trader analysis was spot on again. Thats two for two, this one probably blown, and the other just survived. Maybe I am just bad luck, they seem to take the game changing hit hours or days after I comment on their risk profiles
    Last edited by p3t3rjj; 09-22-2014, 10:08 PM.

    Leave a comment:


  • madaneeraj
    replied
    Result- Sep 8 2015. Ideally I do not want to trade on Monday due to low volatility but there was a lucrative oppurtunity so cannot resist-

    EURUSD- Sold- 1.29403, SL 1.2961 Pips, Target- 1.2910, Reward:Risk= 1.5:1.
    TP hit Result- +30 Pips, 0.56% Profit

    https://www.myfxbook.com/portfolio/safe/1013017

    Regards,
    Last edited by madaneeraj; 09-08-2014, 06:03 PM.

    Leave a comment:


  • madaneeraj
    replied
    Oops not again, 1 more allegation, below is last week. My last post too.

    Last week.png

    Leave a comment:


  • p3t3rjj
    replied
    Ugh this conversation is a f^cked up as watching a group of ******s try and hump a door nob.

    . No need from tears. You still miss my point I originally made about your stated risk profile, not but your ten cents trades.

    Risk per trade 0.5%-2%, depends upon number of open positions ----- Single trades allowed to run several hundred pips against the entry, so your comment inaccurate.
    Max Open Draw Down 2-3% (Equity Draw Down) -------------------------- As above, same same but different
    Max Open positions- 4-5
    SL (20+ Pips) and TP.(Risk:Reward min 1:1.5 ) ------- Several times this week you over shot this by up to 40 pips ...so in reality, no hard SL

    Anyway this is my last reply so good luck, and I can say without a doubt. Anyone in this group. who has read this post. Is now dumber for doing so....

    Leave a comment:


  • madaneeraj
    replied
    Sorry I just checked what you mean.

    Let's look the same trade in MAE Vs. Trade Outcome In pips 573 Pips -ve and ended up +60 in profit. Now look the same in MAE Vs. Trade Outcome under Profit- -$573 and +$6.03. Now how come +64.4 pips = +6.03 and 573 pips = $573?

    Lets look at the same trade below at closure-

    04.15.2014 10:56 08.28.2014 12:47 GBPAUD Sell 0.01 - 1.74580 1.77779 1.77135 64.4 18.90 135d 1.87

    Basic Mathematics says - 0.01 Lot * 1 pip = .01 so, 0.01 * 573 pips = 57.3 (approximation)

    Sorry but I have used 2 clicks twice with a movement of mouse instead of just 2 clicks as advised. Yes I am thick as brick- I agree but I can use a bit of that. Technology is good but trusting it blindly without logic has it's flaws.

    + I am not trying to BS anyone here and I am not shy to admit the 2 trades which completely went against plan and whose risk I didn't managed. It was a mistake and I admit but even that didn't touched more than 10% of my account. I respect your opinion and won't argue if you say I am good for nothing or thick as brick. Every person has his right of opinion but here you are trying to challenge the integrity which I am not ready to accept. There are traders who hide everything at least appreciate that I am accepting my mistake which is 0.5% of the total trades i did. (2 trades out of 165 in a period of 10 months). If you can't I cannot explain you further. Thanks for your time and attention.
    Last edited by madaneeraj; 09-07-2014, 04:58 PM.

    Leave a comment:


  • p3t3rjj
    replied
    Ok, So its evident your just as thick as a brick or you intentionally trying to mislead people. I have no intention of deeply analyzing your trade history, the result would likely land up with you back at McDonalds flipping burgers. I just looked at the clear output from mfxbook. Which contradicts your comments, thats it..... I tend to believe what myfx is telling me over your explanation.

    Click on MFE and have a look, its shows historically your open DD exceeding -500pips on trades.
    I listed three of those trades previously. Do it, do it now,(needs to be said with an Arnold Accent) go to MFE and hold your mouse pointer over the green dots. Its not hard..
    Look at the last few trades you've done, you went 40 pips over your stated SL. And more than 20 over the 20pip SL several times just in the last week.

    So what does basic logic tell us. That you don't stick to your risk profile. Now you can reply with all kinds of excuses if you like, but nothing changes the basic reality that the information you provided is completely inaccurate and misleading. The fact the year keep denying this shows a clear intention on your part to mislead potential investors...

    So whats are your options:
    Keep trying to BS people, even with the truth available to everyone. (remember just 2 clicks required)
    Just update your risk profile with accurate information. (Nothing wrong with saying in the future you will try and use this risk profile)
    Delete your username and return under another name, and try again.

    Leave a comment:


  • madaneeraj
    replied
    Originally posted by p3t3rjj View Post
    Nice story, but you miss the point. You've given clear details of your trading risk profile, and this sparked my interest because on the most part that's the kind of risk profile I like. But your myfxbook trade history contradicts everything you say.. So if the above is how you plan on trading in the future, that's great and Ill have a look again in a few months.

    MAE/MFE on myfx can be flipped between dollar value/pips/etc. So its quite clear, finding this information took two mouse clicks. It wont take you long to posses this kind of knowledge, just be accurate with your information in the posts.
    Yes I have given clear details of my risk profile and nothing is hidden in myfxbook as I don't intend to mislead anyone. I am confident about my abilities as a trader, not as in I am a greatest around or even equivalent to others but only because I know my limits and risks. Anyways I have given accurate details and which are verified as per myfxbook.

    Trade sizes were .01 & 0.02 Lots which implies 1 pip = 0.01$ (approx.), in addition and you can see the market how much it has moved between periods. If you wish you can download the trade history with investor password I gave. There is nothing to hide here and I don't intend to mislead you or any other person on this forum.

    Also request you to acknowledge that it was not $573 and $546 as this would have blown my account, an account size of $900 cannot have $1100 as DD.

    I once again appreciate your genuine interest and regret that I am nowhere near as you expected. Hopefully will do better in future. Thanks again for feedback.

    Leave a comment:


  • p3t3rjj
    replied
    Nice story, but you miss the point. You've given clear details of your trading risk profile, and this sparked my interest because on the most part that's the kind of risk profile I like. But your myfxbook trade history contradicts everything you say.. So if the above is how you plan on trading in the future, that's great and Ill have a look again in a few months.

    MAE/MFE on myfx can be flipped between dollar value/pips/etc. So its quite clear, finding this information took two mouse clicks. It wont take you long to posses this kind of knowledge, just be accurate with your information in the posts.

    Leave a comment:


  • madaneeraj
    replied
    Originally posted by p3t3rjj View Post
    madaneeraj
    I would check your SL of 20 quoted below. From checking your MAE/MFE. Some trades of your have gone - 573pips against, that overshot your stop loss of 20 by 553pips.
    So in real terms as an example, according to your myfxbook..
    -$573.70 DD on account, closed for $6
    -$546.40 DD on account closed $4.70
    -$222.20 DD on account closed $0.50
    You can check your myfxbook for more, but the point being your floating DD is beyond 50% on some trade.
    Do edit above and put the accurate stats of your max open DD to 50%, your max SL to no limit, and just delete the risk reward comment.
    In your last ten trades you have over shot your new 20pip SL by up to 40pips, so if the above comments are accurate. I guess that's the new strategy from monday.
    Thanks P3t3rjj- I do appreciate your knowledge of Stats and I would love to posses that kind of knowledge some day. Also I do understand your concerns and you are right about that up to Pip. I think only correction I would like to make is with $ value, it was a 0.01 lot so equity DD was 5% for that. In addition I have closed that trade at +60 pips with around 12$ in interest. Otherwise I congratulate you on the in-depth analysis and interest you shown in the system.

    Myfxbook shows equity DD pretty accurately and I assure you with 0.01 & 0.02 size lots to hit 50% you require a pip movement of 5000 which didn't happened in GBPAUD and GBPUSD in that period, below are trades for your reference with open time and closed time. I am not afraid to admit that these are the real black spots on my otherwise good trading history and I regret not putting a cap on these.


    04.15.2014 10:56 08.28.2014 12:47 GBPAUD Sell 0.01 - 1.74580 1.77779 1.77135 64.4 18.90 135d 1.87%

    04.08.2014 09:51 08.20.2014 22:39 GBPUSD Sell 0.02 - 1.65000 1.66232 1.65997 23.5 0.77 134d 0.08


    Also if you read again I have written I was trading long term, medium term and short term with gain of over 12% PM when I joined forex signals. If you look at the analysis there were all types of trades. What I meant was I will limit myself to one strategy with 4-5% of returns every month. Of course I don't ask you take my word on it and I have to go long way to prove it.

    In the end Equity DD on MyFxbook is correct. Also below are the investor password and user details of my account. You can yourself go and check the capital DD-

    Excel Market- NZ Server
    Account- 2088144651
    Password- simple!@#

    I once again thanks you for your positive criticism and do admit i have to go long way to with the trust of subscribers.

    Regards,

    Leave a comment:


  • p3t3rjj
    replied
    madaneeraj
    I would check your SL of 20 quoted below. From checking your MAE/MFE. Some trades of your have gone - 573pips against, that overshot your stop loss of 20 by 553pips.
    So in real terms as an example, according to your myfxbook..
    -$573.70 DD on account, closed for $6
    -$546.40 DD on account closed $4.70
    -$222.20 DD on account closed $0.50
    You can check your myfxbook for more, but the point being your floating DD is beyond 50% on some trade.
    Do edit above and put the accurate stats of your max open DD to 50%, your max SL to no limit, and just delete the risk reward comment.
    In your last ten trades you have over shot your new 20pip SL by up to 40pips, so if the above comments are accurate. I guess that's the new strategy from monday.

    Leave a comment:


  • madaneeraj
    replied
    Originally posted by Big River Man View Post
    Are you still trading???
    Yes! I am still trading! had to stop for few months mainly because of-

    - Trading as signal provider is different from doing it for yourself, there is added pressure and yes it impacts decision making.
    - There were many strategies that I was following. Long term, Medium term, Short term. It was free flow and decision making was good as long as I was trading for myself only. Things changed as I started trading publicly, every decision was made trying to impress people. You know, I know there are subscribers who join and leave you on the basis of 1 trade.

    Well what has changed now? I have never doubted my understanding of charts. On a 10 months trade history (inclusive of 3.5 months of non action I am still averaging 4-5% with single digit Equity DD and Capital DD of less than 5% and Gain of 50%) It's only that as a signal provider I had to improve-

    - Make it more rule based- Only filter the trade selection on- Market Volatility, How far market has moved already?, Strong Support/Resistance

    -Limit the strategies, it makes you more predictable for your subscribers. Eases off pressure as everyone knows what you are up to
    -

    Lately I had issues with tight stops, I needed to fine tune my strategy as per below-

    Risk per trade 0.5%-2%, depends upon number of open positions
    Max Open Draw Down 2-3% (Equity Draw Down)
    Max Open positions- 4-5
    Trades per week- 2-15
    Trading days- Tue, Wed & Thur, Fridays (NFP days, after news)

    Monthly expectations- 4-5%

    Trend following entries with visible SL (20+ Pips) and TP.(Risk:Reward min 1:1.5 )

    The strategy was already having 60-70% success, just that I have defined SL and TP targets.There will always be visible SL and TP for the trades.


    https://www.myfxbook.com/portfolio/safe/1013017

    Request you all to monitor the performance for few months. I will be giving some on demand complimentary access to my old subscribers from Nov 2014 onwards.

    Regards,
    Last edited by madaneeraj; 09-06-2014, 07:36 PM. Reason: More info

    Leave a comment:


  • Big River Man
    replied
    Are you still trading???

    Leave a comment:

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