I guess its easy to see you are trying to avoid the issue asked of you above in post #29 , About post your draw down schedule right? Without it your statement mean nothing!! How is any one able to see the risk you take in order to achieve. But like I siad before I guess this is what most services like yours count on the in-ability for people to find the risk vs reward.

I'm not trying to avoid the question...if you look at the system the there are always stop losses with each pair. Most pairs are set at 193 pips as a stop loss with GBP/JPY being the largest at 239 pips. So looking at each pair the maximum open drawdown would be that pairs stop loss value. If you want to see the closed trade drawdown simply visit the website at ProsperaTrade - Forex Performance History and look at the monthly and weekly trade history.

You will see that we post our history correctly at each week it is the same as MT Intelligence - Statement for prosperatrade since October when we started using that verification service.

This helps to assure people that the history posted on our site is real. So you can use the data on our website to find closed trade drawdown. Stop losses are also NEVER changed so there is no such thing as letting our trades go further in the red beyond their stop initial stop loss values.

Hope this helps!

ProperaTrade

Your response still does not answer the question I asked about the Draw Down with regards to Risk vs Reward, and either does any of the information on your site.

Without a Draw Down Schedule users will still have to go back trade by trade, to measurer the risk vs reward,
The information you posted about the stop lose on the GBP/JPY states that the stop on the pair is 239 pips as the “largest” stop.

But this would assume that you set a “hard stop” and a “hard fixed take profit” and simply by looking at the information on your web site. It is easy to see you use a “variable” take profit and “variable” stop lose , and yes you may keep within the 239 max pip stop lose . But still leaves us not knowing if the risk was far larger than the gains.

Below are examples off your site, just for the GBP/JPY. The first shows a lose of – 26.05. The trade was held for about 1 day, But how much was the max draw down? Before you closed it with the -26.05 lose? Was it larger than the posted lose, and you just waited for a bounce?

78348461 2009.10.26 01:04 sell 0.10 gbpjpy 150.14 152.53 0.00 2009.10.27 04:00 150.38 0.00 0.00 -0.32 -26.05


Here is another one, how much was the draw down before you closed this trade with just 17.85 in profit?

77459580 2009.10.05 02:00 buy 0.10 gbpjpy 142.75 140.36 0.00 2009.10.06 03:00 142.91 0.00 0.00 0.04 17.85

Like I stated before, sites like Zulutrade.com and Collective2.com offer the best analysis. They offer all the needed information to review a system and does not leave users asking the simple question I have posed to you here about you risk vs reward (Draw Down) which can not be obtain on any MT4 Stats.

Iceman,

You are right in your questions,but Jason seems to be trying to answer them...Let me give you my point of view...I am testing the system too.

1-There is no control of the open drawdown...and it should be desiderable to have it.

2-Sometimes,as the GBPJPY case you pointed,the -26 $ loss may be a result of a winning+a losing trade,since he trades a few pairs,bi-directionally for the week,so,some pairs have just a signal like "sell on Monday at xx.xx time...close on friday at 15:54"...other pairs have signals like "buy on Monday at 09:00,close and sell short on wednesday at 16:45...close shorts on Friday at 12:30"...so,having the "open drawdown statistic peak to valley",or even better the APD of the system,would be extremely interesting...

3-Since we don`t have that,only thing we can do is look at his historical statistics and check the max open dd for the free 4 weeks of testing...From what I saw...his losses(yes,I know,closed losses) max is about 1400 pips on 20:1 leverage for a mix of currencies which we could fairly average as having an average value similar to USD+-20%...extract your own conclusions...since he has 10 positions,you can use ,for a standard 100k usd account,2 lots(per pair) and 1400 pips(total,not per pair,so we average them on the 2 lots)..so that would give a number approx,between 25k to 30k USD...This is the Closed DD the system has suffered historically...approximately.

4-My first comment is that,depending on your investor`s risk profile,if the Risk/Reward seems good,you can use his system with lower position sizes.

5-My second comment,from what I have seen,is that Jason reports fairly accurately his results,bad or good ,at his website.

6-My third comment,he seems a knowledgeable guy,prone to help and reply to queries by users,even by "trial users"...To give trial extensions,to discuss by email or at the thread the RR of his system

So,IMO,he is ,probably, an honest system developer,that ,IMO again,should update the statistics to include APD or Max peak to valley Open DD,and his system,probably again,should be traded with a % of the risk he uses,depending on our personal preferences/aversion for risk....And his system is intriguing,and improvable ...

TO JASON:Just check the weeks where your (GBPJPY and GBPUSD)(EURUSD and EURJPY) orders were aligned,specifically with your USDJPY orders...to those that weren`t...you have lots of room for improvement there.

Regards
S

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