Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Still analyzing the excel sheet you emailed me,will reply by email within today.
From your reply to Charon at post 952 of this thread and your results of 7284 pips after 25 trading days...the numbers I get are the following :
1-To trade a full lot you need a starting Equity of 160k usd.
2-With this starting Equity,no compounding,after 25 trading days,you would have gotten 7284 pips,1 lot basis,so ,lets approximate, 72k usd profit.
3-Let`s presume you keep having these results,and a trading year of 200 trading days,discounting for holidays,etc...this would give us a non compounded profit of 200/25*72k usd=576k usd.
4-576k usd yearly profit on a 160k usd Equity is a 360% ROE which is exceptional.
5-By looking at your chart the max cumulative drawdown,peak to bottom,was sustained days 12 and 13 with a loss of 1194 pips,on 1 lot basis this is approx 12k usd...so,your max cumulative CLOSED drawdown has been 12k/160k...around 7.5% of your initial Equity which is exceptional relative to point 4 above...Previous posts I have read on this thread make me think that the max OPEN drawdown was something around 18%,which is not bad either related to potential return.
Intriguing to say the least,so,I have several questions :
1-Are my numbers right?Did I miss anything (exceptional volatility situation we are experiencing may favour the system?)or do they reflect what you expect from your system long term?...Of course 25 trading days are not enough to generate a valid sample,but we have several hundred trades there..so...
2-If they are right...why don`t you compound them?
3-How did you estimate the initial Equity?I presume by using the 0.5 probability,but how did you reach the potential max cumulative drawdown that made you decide on the initial Equity level?
I understand,at a conceptual level,that trough your MM you are trying to transform a 50% hit rate per trade on a 80% winning days system,with a 23/19 approx edge created by the avwin/avloss ratio...like playing roulette ,black or red,no zero ,with winnings 20% higher than losses...BUT everything relies on the initial Equity assumption relative to intial position size.
Igor, someone in the group told me that at one point today you had lost your whole profit since you started trading this system and were well over 6000 pips down. This can't be true can it?
Still analyzing the excel sheet you emailed me,will reply by email within today.
From your reply to Charon at post 952 of this thread and your results of 7284 pips after 25 trading days...the numbers I get are the following :
1-To trade a full lot you need a starting Equity of 160k usd.
2-With this starting Equity,no compounding,after 25 trading days,you would have gotten 7284 pips,1 lot basis,so ,lets approximate, 72k usd profit.
3-Let`s presume you keep having these results,and a trading year of 200 trading days,discounting for holidays,etc...this would give us a non compounded profit of 200/25*72k usd=576k usd.
4-576k usd yearly profit on a 160k usd Equity is a 360% ROE which is exceptional.
5-By looking at your chart the max cumulative drawdown,peak to bottom,was sustained days 12 and 13 with a loss of 1194 pips,on 1 lot basis this is approx 12k usd...so,your max cumulative CLOSED drawdown has been 12k/160k...around 7.5% of your initial Equity which is exceptional relative to point 4 above...Previous posts I have read on this thread make me think that the max OPEN drawdown was something around 18%,which is not bad either related to potential return.
Intriguing to say the least,so,I have several questions :
1-Are my numbers right?Did I miss anything (exceptional volatility situation we are experiencing may favour the system?)or do they reflect what you expect from your system long term?...Of course 25 trading days are not enough to generate a valid sample,but we have several hundred trades there..so...
2-If they are right...why don`t you compound them?
3-How did you estimate the initial Equity?I presume by using the 0.5 probability,but how did you reach the potential max cumulative drawdown that made you decide on the initial Equity level?
I understand,at a conceptual level,that trough your MM you are trying to transform a 50% hit rate per trade on a 80% winning days system,with a 23/19 approx edge created by the avwin/avloss ratio...like playing roulette ,black or red,no zero ,with winnings 20% higher than losses...BUT everything relies on the initial Equity assumption relative to intial position size.
Regards
Simba,
I hate to come over here to ask this, but as a new member, I have been unable to find a way to PM you or post a visitor message; I was hoping you could give a little update on this thread - Don`t read this thread..Make Money with it.
I'm glad Arctic4x removed his comments as i went back to someone in the group about the last 2 days and not only did it lose all the profits since the this system started it also lost another 2000 pips. Over 8000 pips down! But to be fair it made it all back and more. Not for the faint hearted.
Regards.
potential new member whos heart needs strengthening to trade this.
Simply a reality check. I have word from former member of the zorro trading group that people have lost more than HALF of their accounts over the last 1 week, and that instead of solving the situation, igor simply defended himself by explaining this is the facts you have to accept OR this is the drawdown you have to accept.
I have been keen for awhile in joining the group, but no one will accept that kind of ridiculous drawdown. I heard contract sizes has grown to become over 100, and when members were caught in the problem you left them alone for a few days.
The last few weeks of consistent profits in the last few weeks were a one-shot trick, truely dissappoined.
Don't take this as a flaming post. I'm simply dissapointed, but i guess the results have been too good to be true, once again.
Greetings,
Simply a reality check. I have word from former member of the zorro trading group that people have lost more than HALF of their accounts over the last 1 week, and that instead of solving the situation, igor simply defended himself by explaining this is the facts you have to accept OR this is the drawdown you have to accept.
I'm not a member of Igor's group, but in fairness to Igor he's always been completely open about the potential drawdowns. From what Ive seen posted publically, a key component of the methodology is based on using high leverage in an attempt to protect the account, sizable drawdowns where inevitable.
Personally I dont possess the right psychology to trade these types of staking plans, and I suspect that when push comes to shove, there'll probably be a few people agonising over the situation they find themselves in this week. I suppose that the systems either running within the parameters that its designer intended or its not, and until this weeks results are publicised noone other than members of the group really know the full details.
The time for highlighting and discussing these problems is probably best delayed until the present difficulties have passed, additional pressure defending critisism of the system in forums probably isnt really what anyone in the group needs right now. Regardless I wish Igor and his group well
I'm not a member of Igor's group, but in fairness to Igor he's always been completely open about the potential drawdowns. From what Ive seen posted publically, a key component of the methodology is based on using high leverage in an attempt to protect the account, sizable drawdowns where inevitable.
Yes except that Igor was mentioning drawdowns around 3000 pips (post 912 for instance) and somebody here said it was 8000 pips lately. So let's see if it is confirmed but if it is, it clearly means that Igor was not in control of his system at all.
About drawdown several people were posting to alert on that subject. But as I said we cannot convince people who don't want to be convinced. They want to check if the stove is hot. I guess that now the ones that get burned are convinced but I am sure that some others are still not convinced about the dangers.
Let's hope that Igor will communicate soon. There was a very clear pattern in Igor's communication. No post for summary after a losing day and then if the next day is a winning one you post the results of both days. Now no posts during many days so clearly it is a bad sign.
But let's see what Igor will say when he will break the silence (if he makes a new system after Zorro, Matrix he should choose the Silence of the Lambs as a title)
Linear Mode
