Zorro_Trading_Group by FXiGoR - Page 41

lac_raz · 02-11-2008, 06:29 PM

I think that the mony management is one of the best I have ever seen .
I also tried to apply this MM on a few other systems and it really can
turn losing strategy into awinning one .

iGoR · 02-11-2008, 06:46 PM

A printscreen from the MaTRiX scalping system today.
The system produced 2 loosing trades and 14 winning trades.
The loosing trades are marekd by the 2 aqua blue squares. top and bottom of these squares match precesily with entry and exit price.

To be continued...iGoR.

iGoR · 02-11-2008, 08:00 PM

Thanks guys about your opinion on the money management plan.

I would like to give a few words of explenation to some people who would have any questions or doubts.

Most of you heared about an MM plan don't realy have an idea what MM is about.
Most people think about MM that it is a rule were one should never risk more then 2% of your account on a trade. Or some people think that is counting your losses or profits at the end of a certain period. Or that you need to work with a tight stoploss.

Many have heared severall times that it is the most important tool to a trader but furder then THE most important tool they don't have the faintest idea what MM is about.
Most of the people are way to much concentrated on "making" money and if I ask them what special steps they take when they loose money they can't give any aswer.

If you ask what kind of MaxDD that they are willing to take they wil maybe answer 1000pips.
The real amateurs or newbies would say max 200-300pips (but are very much interested in making 4000-5000pips in a year--in other words insane or impossible).

The MM plan that I develloped is working and looking to take the maximum of the profits you make but far more important it looks to the losses and takes the maximum out of a loosing period.

The image bellow gives an idea what I am talking about.
Each step up or each step down represents 500 pips loss or profit that you would take with a normall system.
If you would trade any kind of system it is possible that over a longer period of time this kind of equity curve can happen to you. Meaning that you look to your profits and you are at + 500 pips profit at the end of that long period.
With my MM plan over that very same period you made + 11.000 pips profit.

An other concreet example that I can give you is that if 2 people except that they can take a -1000pip MaxDD. Then I would sujest in normall conditions you put your leverage in such a way that if this 1000pips drawdown happens you only loose +/- 25% of your account.
If you would recover from that drawdown it will bring you back to ONLY break-even.

With my money management plan if you would be on that 1000 pip drawdown you will be at 27% loss of you account. But when your system ( doesn't have to be the ZoRRo system) recovers in the VERY SAME way like the previous example you would be at 43%!! profit.

Some people think emmidiatly on martingaling systems.
I can garantee it has nothing to do with martingale because like I said at the deepest point of the 1000pips drawdown both systems are at +/- at 25% loss of the account.

The money management can be learned in the zorro trading group.

regards...iGoR

svirgo · 02-12-2008, 12:54 AM

Hi Igor,

Interesting

Thanks

Million_Fund · 02-12-2008, 12:09 PM

Quote:

Originally Posted by iGoR

I don't know if you mean that you are not convinsced of the zorro system so far ?...
Or if you say that you have also a subscription to an other system that performs so called better ?...

If you compair our result with the result that you made with your other system then it is clear that the ZoRRo system performs better.
We made +1500pips for the month of january. Lets say that we deduct -500pips spread. Wich is a lot but lets say that indead we would have only 1000pips because of some serious slipage..
That is for 2 pairs.
You say that an other system made 2500pips but that over 8 pairs. So that means you had 4 x times as much market exposure.
If we give the ZoRRo the same market exposure you had over 8 pairs then we need to multiply our 2 pairs to 8 pairs that is x 4.
That means that you need to multiply the +1000pips of the ZoRRo system x4 = +4000pips profit.
Or in other words: your other system made 312pips profit/pair the zorro system made +500pips profit/pair.

Remember also that we traded the first 2 months 8 pairs and that our results were even far bigger then what we have now. But we were making more then 50% of that total profit with only 2 pairs of the 8 pairs. Then it is clear that one should better concentrate on those 2 pairs and put more weight into those 2 pairs ( not always because trading more pairs can lead to smaller MaxDD.--but not in our case because we have already extreem small drawdowns or a very high reward/risk ratio)

friendly regards...iGoR

not recommended for newbies....fxigor never gave signal.and the system too complicated...i subscribed more user friendly....5 live videos per day from US...i might as well using signal from FXCM....

Arctic4x · 02-12-2008, 12:37 PM

Quote:

Originally Posted by Million_Fund

not recommended for newbies....fxigor never gave signal.and the system too complicated...

The system tell you by audio (enter long - enter short) and pop up (text that tell you what to do) for absolutely all actions what to do.
What better and more clear signals than that can you get?
And how can a system be made easier for a newbie to follow?

Quote:

Originally Posted by Million_Fund

i might as well using signal from FXCM....

I think that may be a bit complicated to follow. I recommend a managed acc....

jlpi · 02-12-2008, 01:12 PM

Quote:

Originally Posted by iGoR

Thanks guys about your opinion on the money management plan.

I would like to give a few words of explenation to some people who would have any questions or doubts.

Most of you heared about an MM plan don't realy have an idea what MM is about.
Most people think about MM that it is a rule were one should never risk more then 2% of your account on a trade. Or some people think that is counting your losses or profits at the end of a certain period. Or that you need to work with a tight stoploss.

Many have heared severall times that it is the most important tool to a trader but furder then THE most important tool they don't have the faintest idea what MM is about.
Most of the people are way to much concentrated on "making" money and if I ask them what special steps they take when they loose money they can't give any aswer.

If you ask what kind of MaxDD that they are willing to take they wil maybe answer 1000pips.
The real amateurs or newbies would say max 200-300pips (but are very much interested in making 4000-5000pips in a year--in other words insane or impossible).

The MM plan that I develloped is working and looking to take the maximum of the profits you make but far more important it looks to the losses and takes the maximum out of a loosing period.

The image bellow gives an idea what I am talking about.
Each step up or each step down represents 500 pips loss or profit that you would take with a normall system.
If you would trade any kind of system it is possible that over a longer period of time this kind of equity curve can happen to you. Meaning that you look to your profits and you are at + 500 pips profit at the end of that long period.
With my MM plan over that very same period you made + 11.000 pips profit.

An other concreet example that I can give you is that if 2 people except that they can take a -1000pip MaxDD. Then I would sujest in normall conditions you put your leverage in such a way that if this 1000pips drawdown happens you only loose +/- 25% of your account.
If you would recover from that drawdown it will bring you back to ONLY break-even.

With my money management plan if you would be on that 1000 pip drawdown you will be at 27% loss of you account. But when your system ( doesn't have to be the ZoRRo system) recovers in the VERY SAME way like the previous example you would be at 43%!! profit.

Some people think emmidiatly on martingaling systems.
I can garantee it has nothing to do with martingale because like I said at the deepest point of the 1000pips drawdown both systems are at +/- at 25% loss of the account.

The money management can be learned in the zorro trading group.

regards...iGoR

The discussion about MM in general and lots progression in particular is interesting.
Many searches have been done specially in the game theory and mainly applied for casino games like blackjack and roulette.
Of course Forex has its own specificities and I don't mean that all results you can get based on blackjack are applicable to Forex.
Few threads in this forum have been on this subject (binary equation, d'Alembert formula...).
An interesting document originally published here by ryanklefas was the one attached here. Again it is about blackjack and not everything is the same with Forex.

What Igor shows us (at least from what we see here. Probably Igor will say that there is much more than that, but we can only dicuss what we see) is a variation on a classical method. You increase 1 unit every time you lose. After a win, you keep the bet for n-1 times (n being the number of units). And after you have won n-1 times you start from the beginning with one unit.
Of course that is much safer than martingale but still is risky. I invite people to think about different scenarios using this MM.
The example presented by Igor is of course extremly favorable as the wins are in a serie long enough to come back to the original 1 lot (meaning at least as many wins in a row that there were losses in a row). That is of course normal that the best side is presented as it is a teaser to get more clients.
But again for people to evaluate this MM method, you could or instance take a serie of trades from your own strategy and apply the same MM. It is always good to do is home work.

iGoR · 02-12-2008, 01:19 PM

Quote:

Originally Posted by Million_Fund

not recommended for newbies....fxigor never gave signal.and the system too complicated...i subscribed more user friendly....5 live videos per day from US...i might as well using signal from FXCM....

Hi Million Fund,

Of course you can have your opinion and that is what this forum is about.
But how realistic is someones opinion ?...

About me not giving any signals ??....why should I give any signals?...your platform gives the signals.
For each entry you need to take on that very same moment an arrow + popupscreen apears. There is also a female with a clear voice that says "ENTER LONG" or " ENTER SHORT" (in the zipfile at the bottom of this posting)

Do you wish me to repeat every time what she says ?...Or do you think that when she says that, that she would lie to you ? or that she doesn't know what she is saying ?
If you drive with your car and you come to the trafic light and it jumps to red do you need a police men in the street that shouts to you " YOU NEED TO STOP" because maybe you don't believe what the lights are showing you ...

The way the system is presented I can take a pigmee out of the jungle and explain in 1 day what he has to do or what action he has to take based on the information that the system is giving.

On each entry that is anounced by that female voice, simultaniously you emmidiatly see a profit target line that apears on your screen. On that very same moment you see also in the tag at the right bottom of your screen on wich price you need to place your stoploss and it even tells you how many pips that is.

The moment when the Profit Target line is hit you hear a loud and clear ringing sound together with a popup screen that tells you that your T/P line is hit and on wich pair. EMMIDIATLY on that VERY SAME moment a dotted line apears to show you where you should place your stoploss for breakeven.
Even the lines show a little tag at the left to show the difference between a T/P and a B/E line because some people would maybe also forget that ( as the printscreen shows very clearly--lines, arrow and popup screen)

We saw your posting and talked about it in the room. Someone made the remark: igor maybe he wants you to go over to his home to point out on wich button he has to push each time he needs to take some action.

Sorry Million Fund but I drive a car with a gear box because I like to drive with a car. Some people drive a car with an automatic gearbox because they don't want the trouble of shifting in to gear.
And some people don't like to drive at all....and take a cab or public transport.
I sujest you do the same and you look for an EA.
I even see my system as an EA. It is a fully automated system where one does not have to do any thinking. The only thing what one needs to do is push on the button accordingly what the voice alert and popup screens tell you to do. And we monitor only 2 pairs that can give outmost 4 signals a day.

Swizzguy is trading this system on 10 different pairs and he does this from his normall day job and he does it very succesfully.

Friendly regards...iGoR

iGoR · 02-12-2008, 01:40 PM

Quote:

Originally Posted by jlpi

The discussion about MM in general and lots progression in particular is interesting.
Many searches have been done specially in the game theory and mainly applied for casino games like blackjack and roulette.
Of course Forex has its own specificities and I don't mean that all results you can get based on blackjack are applicable to Forex.
Few threads in this forum have been on this subject (binary equation, d'Alembert formula...).
An interesting document originally published here by ryanklefas was the one attached here. Again it is about blackjack and not everything is the same with Forex.

What Igor shows us (at least from what we see here. Probably Igor will say that there is much more than that, but we can only dicuss what we see) is a variation on a classical method. You increase 1 unit every time you lose. After a win, you keep the bet for n-1 times (n being the number of units). And after you have won n-1 times you start from the beginning with one unit.
Of course that is much safer than martingale but still is risky. I invite people to think about different scenarios using this MM.
The example presented by Igor is of course extremly favorable as the wins are in a serie long enough to come back to the original 1 lot (meaning at least as many wins in a row that there were losses in a row). That is of course normal that the best side is presented as it is a teaser to get more clients.
But again for people to evaluate this MM method, you could or instance take a serie of trades from your own strategy and apply the same MM. It is always good to do is home work.

As you say you can only discuss what you see. What you asume what we do is absolutly not correct.
You can also read that I said you need to take it of from a drawdow that you are willing to expect and accept but that is for every type of money management or trading.
A lot of amateurs don't aks themself what the max DD could be and trade till they burn their compleet account.

The moment you trade with a bit more professional aproach you gonna ask yourself and based on historical performance what the Max. Drawdown is that a system could give to you or that you are willing to accept.
A professional trader will adapt his leverage is such a way that this maximum drawdown should not make him loose +/- 25% of his account the moment that he would start to trade and never went into profit and emmidiatly encounter that maximum drawdown.

Lets say that this would be 1000pips. Well the very same goes for our money management plan that at that moment it would cost us +/-25% of our account ( and it is not that at 1000pips drawdown that we would suddenly say: now we are going to double up our positions).
If one starts trading and accepts that he can take 2000pips drawdown well the loss is going to be for that other person and for us the same loss of +/- 25% of the account.
If of course you start of with the idea that you could only loose 500pips and addapted his leverage accordingly and you would encounter a drawdown of 2000pips and that other person would have continued trading he would burn his compleet account and so would we if we started off with the idea of only loosing 500pips and we continue to a 2000pip drawdown.

As I said clearly our risk or loss is NOT bigger then a system that would be traded with a normall 1 lot strategy. Even more at the maximum of the drawdown it is the very same.
But if the other person would get back to his break-even point and this way did a lot of swetting and swearing and gained zero we would be on a 43% profit when we would be so called back at the starting point.
So I can tell you that what you said:... "You increase 1 unit every time you lose. After a win, you keep the bet for n-1 times (n being the number of units). And after you have won n-1 times you start from the beginning with one unit." ...has absolutly nothing to do with what we do.

regards...iGoR

PS. You can also read that arctic did a lot of reading on MM plans and that he agrees that he never saw an MM plan as amazing like mine.

forexak · 02-12-2008, 05:33 PM

Zorro Rocks these days

, Very nice results for last month, and for this also so far. Guys bless us all this pips we are making

PS-this is result from today on my live account, was over 300 pips profit for today, due to big slippage i have not it.

Thanks Igor