what do you think about this account myfxbook statement ?!
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alot of statement online and many people offers services .. this one i found has the lowest DD and highest gain
what do you think ? im not expert into these results ?
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Looks good, but is a very short time. In next week maybe will have 50% drawdown or blow up the account. Idk how it's working.
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he is hunting less than 20 pips and based on his summery .. he doesnt open more than 2 trades .. thats why he has very low DD .. but u r right its just for 10 days so far u cant judge but having so low DD with high rate gain plus (300 pips in less than 10 days ) is quite good for rebate ( u gain almost 90$ from rebate only ) ..
i checked alot at other service provider but this one is unique ( so far ) >> high gain + low DD + high rebate = more than 100% end of month if he continue
if anyone has other states .. share
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If this ea doesn't use martingale/pipstep strategy, there is a possibility to maintain low dd if it enter trades at the right place. If the entry is not perfect, maybe it should have SL or any cutloss strategy.
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@biztet no grid no martingale or pipstep .. every position has an early TP and SL .. he is using partial close of profit .. so safe thats why i liked it .. low DD high profit high rebate and clear TP SL .. i will keep tracking for more days
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@Joseph-3 and that's a very good strategy. Mind share with me?
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@joseph-3
You can't say if a strategy is significantly profitable or not based on a 11 days sample test only, here are some indicators of a strategy performance to take in count from a statical point of view :- The profit/risk ratio
- The number of trades
- The length of the priod
- The regularity of the profit(slope)
0.05 is a pretty bad Sharp Ratio, to me none of these criteria are verified.
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@seb-0 average length of trade is 1hr and he has 62 trades so far .. i dont see any problem if u use higher lot size since you tightening your DD all time .. using higher lot in safe way is better for rebate
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Nice one @Joseph-3 . It's a good thing actually. Just continue with your forward testing and be positive. It might be good for you. But in real just don't forget to withdraw until you get back your capital.
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@biztet learning from others is what we need .. but the one who has the lowest DD and higher profit same time is what really matters .. lets hope we can achieve smg like that one day .. who knows
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By length I meant total duration(11 days), I personnaly test my strategies on few years, witha a few thousand trades.
The DD doesn't tell you about the performance of the strategy though since it is relative to your deposit, you can lower it by increasing you deposit or by decreasing lots size.
The revate/DD seems good indeed, but the sharpe ratio doesn't. -
Yeah, @seb-0 is right about that.
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@seb-0 using 0.05 lot size for an account 450$ with 5% DD means good .. also attaching your account with low DD signal service provider allow you to trade more or even attach it with another signal provider .. risk management is what matters first then looking after profit, trade duration, etc