Rules on how to create or follow master account - need idea
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Thread: Rules on how to create or follow master account - need idea

  1. #1
    Hello there. I wish to ask your ideas on how to make or stick to a account.

    Ive been in forex trading in ten years now, but lately I admit that im not gifted to trade.

    I alter my egy, rather than searching for a good trading platform, I now looking for a good trader.

    I discovered 2-3 traders that I believe can make me good money based on this naive rules: (myfxbook)

    1. Account survive for over 3 years.
    2. Max Drawdown less than 10%
    3. Monthly profit versus drawdown ratio at least 1:2 (if 1:2.5 or 1:3 and over are not good)

    some other rules I was thinking is average drawdown each commerce, but I dont know if this is a good principles.

    I hope by having this based principles, I can also make my own trading egy, or feed AI or machine learning with it.

    Another reason behind this is I remember at the same time, I have some really very dumb egy making me constant profit for 2 years. But it was with $100 deposit.

    Once it hit 500, I start to need to lose my move. I dont know how to describe, but in that time I believe I feel fearful im gona lose that $500 I became paranoid and extra careful.

    In my opinion if I can have a master account with $100, and servant account deposited with 10 times or 100 times the sum with the exact same lot percentage, I will do good.

    But first I need to get this based rules.

    I know this sounds so dumb and naive, but I wish to ask help form expertise members to understand what im trying to attain and clarify to me by the fundamental flaws of the problems, and I hope, out there we can come up with a good parameters for this principles.

  2. #2
    Quote Originally Posted by ;
    Hello there. I want to ask your thoughts on how best to make or follow a fantastic account. Ive been in Currency Market trading in 10 years now, but lately I admit that im not talented to exchange. I change my egy, instead of searching for a trading system that is fantastic, I searching a trader. I found 2-3 traders that I believe will make me good money based on this innocent rules: (myfxbook) 1. Account endure for over 3 decades. 2. Max Drawdown less than 10 percent 3. Monthly gain vs drawdown ratio at 1:2 (in case 1:2.5 or 1:3 and over aren't great) another rules that...
    Hi,
    Apologies to be negative, but when that is genuinely where you're at after 10 decades, I truly believe you should think about the evidence and possibly conclude trading isn't for you. There's nothing wrong with admitting defeat than banging your head against the wall for another decade.

  3. #3
    Obviously you are playing with a little kids' pocket money, but like the vast majority on FF, you'd be better DYOR and finding guys on such as: collective, Zulu or even etoro to follow along, rather than wasting your time trying to learn how to exchange, and after ten years I'd question wtf you've been doing so time tbh. On the two there is a massive gaggle of losers, who simply conduct versions of egies that fail. But wtf? Why not explore it? Fwiw in your position I'd be looking for guys with 2-3 years track listing, negligible drawdowns (less than 3 percent) risking only 0.5% account size per trade, with annual growth of circa 30%.

  4. #4
    Quote Originally Posted by ;
    Clearly you#8217;re playing with a little children#8217; pocket money, but like the huge majority on FF, you#8217;d be better DYOR and loing men on such as: collective, Zulu or etoro to follow along, instead of wasting your time trying to learn how to trade, and after ten years I8217;d question wtf you#8217;ve been doing in that time tbh. However, on the latter there8217;s gaggle of absolute losers, who only run versions of martingale egies that eventually fail. However, wtf? Why don't you investigate it? Fwiw on your position I8217;d be looking for men with 2-3...
    30% annual which mean, 2.5% monthly

    mothly vs drawdown ratio = 1:1.12

    I never met this kind of account. Is that from zulutrade or etoro? The maximum quality account I I found only with 1:2.2

    would you believe this monthly vs drawdown ratio is a good parameters to identify decent account?

  5. #5
    No trading platform can handle either side of the planet ...
    A ?good? or even an ?excellent? trend-following system will perform poorly during choppy market, and vice versa. An automatic system could probably perform even worse during a prolonged market condition as it can not prevent itself from investing ...

    To trade marginally ?successfully?, common-sense analysis of the market having one or more theoretical mentions is, I believe, the proper way to go. But does not matter how good our analysis ability is, we could not understand where the market is moving next. That's why I'll suggest using the ?straddling? method to initiate a position by having upper and lower stop-orders. But please be warned, this technique can not be implemented in most market conditions ...

  6. #6
    Quote Originally Posted by ;
    Hi there. I would like to ask your thoughts about follow or how to make a account. Ive been in forex trading in 10 years now, but I admit that im not talented to trade. I alter my egy, instead of looking for a trading platform that is fantastic, I searching a trader. I found 2-3 traders that I think will make me good money based on this naive rules: (myfxbook) 1. Account survive for more than 3 decades. 2. Max Drawdown less than 10 percent 3. Monthly profit versus drawdown ratio at least 1:2 (if 1:2.5 or 1:3 and above are not great) another rules that...
    that your best chance is to eventually become a Forex Eduor

  7. #7
    Look, I'll never get bored that trading is about risk and probability first. You loe folk to follow along with risk small, to make modest gains, who undergo little in the way of drawdowns. Do they exist? I really don't know, I have not analysed it. If they don't exist, then don't follow them give up on the notion of copy trading.

    Quote Originally Posted by ;
    quote 30% annual which imply, 2.5 percent monthly mothly vs drawdown ratio = 1:1.12 I never met this type of account. Is that from etoro or even zulutrade? The highest quality account I I found only with 1:2.2 would you think this monthly vs drawdown ratio is a great parameters to identify decent account?

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