Promising system?

[Hoggums]

I stil don't see anny holes.
But time will tell.

I can see a major hole...

PROFIT FACTOR < 0.1 ! :-0

 

[patong]

Living in Thailand, I see many major holes

 

[Jova]

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 21 354$

Login: 810096
Read only password: neural22
Server: MIG-Demo

 

[tqtran]

5 pages now and still no LIVE account data....

 

[Jova]

you comment is interesting,'

I have spent the last 15 year earnining a living from trading.

I will have a good look your Migfx. And believe me if there is a hole I will find it.

Which type of platforn does it run from, does it lock/jam on announcments. Can you scalpP c

Are the bars indicative of the true time frame. etc is a 15 min chart 15min. have you timed this?

How many banks supply the FXdata in or you get thebest fill?
How did you come across thisw platform.

not having a dig, just want to know.


Are there stop hunters?

Migfx is just the broker where the demo runs on.
It works with every metatraders 4 broker (I believe there are 150 using this).

 

[Jova]

I can see a major hole...

PROFIT FACTOR < 0.1 ! :-0

What do you mean with Profit Factor?

 

[Hoggums]

What do you mean with Profit Factor?

Profit Factor

 

[Jova]

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 21 978$

Login: 810096
Read only password: neural22
Server: MIG-Demo

 

[trendie]

Yesterday: 8;22AM: Balance at this moment: 21 354$
(but statement showing open orders worth: "Floating P/L: -1 551.61")
nett = approx $19,900.

Today: Balance at this moment: 21 978$
( statement showing unrealised losses of;"Floating P/L: -5 320.27")
nett = approx $16,600.

although you are showing an incremental increase of $600 over yesterday on closed trades, you are being misleading by failing to show an increase of unrealised losses. the nett amount is a reduction in equity by about $3,300 over yesterday. these intra-trade drawdowns affects the usefulness of the system.

your increase of $10,000 to about $21,000 in closed trades is commendable. but your open (losing) trades means your actual equity is $5000 less than the profits you show.
unless you show the full picture, this is clearly misleading, and you need to explain why you dont show the full picture.
if the market bounces up and the losses reduce, it will be due to luck and not judgement.

I think this thread is a slow-burn, low-impact spam, unless you can answer the questions of the motivations of posting selectively. this affects newbies who might get suckered in.

 

[trendie]

and just one more thing.....

16629534 2008.09.29 19:27 sell 0.30 chfjpy 95.95 0.00 0.00 2008.09.30 05:19 94.96 0.00 0.00 -1.64 285.39
16629536 2008.09.29 19:27 sell 0.30 chfjpy 95.97 0.00 0.00 2008.09.30 05:19 94.96 0.00 0.00 -1.64 291.15
16629541 2008.09.29 19:28 sell 0.30 chfjpy 96.00 0.00 0.00 2008.09.30 05:18 94.98 0.00 0.00 -1.64 294.00
16629546 2008.09.29 19:28 sell 0.30 chfjpy 95.98 0.00 0.00 2008.09.30 05:18 94.98 0.00 0.00 -1.64 288.24
16629551 2008.09.29 19:28 sell 0.30 chfjpy 95.97 0.00 0.00 2008.09.30 05:19 94.96 0.00 0.00 -1.64 291.15

the entire account has been taking 15 pips profits. then yesterday shows several 600 pip losses.
but, curiously, also show 5 trades all taking about 280-ish pip gains!
what peculiar strategy that after several days it now decides to take 280 pip gains.
smacks of human intervention to me. ie, having seen the collosal losses, to switch to trying to make up those losses.
now, I am all for automated systems, and you can glean the underlying method from them. but this peculiar behaviour is clearly non-standard. any newbie buying this wouldnt know when to over-ride the system rules. (except when they were scared out of their wits at the drawdowns)

EDIT: I think I need to get out more.

 

[Jova]

I can see a major hole...

PROFIT FACTOR < 0.1 ! :-0

So if I understood it good:

Profit factor = Gross profit / Gross loss
Profit factor = 46 458 / 34 479

Then I come to a profit factor of 1.35, How do you come to 0.1 (or did I miss something)?

 

[Jova]

5 pages now and still no LIVE account data....

I have asked for a live track record and this they sended me.
See attached.

 

[Jova]

Indeed there is a difference between the balance and equity, but till now all open positions are closed within 24 hours.
And the float was verry small, I thought this wasn't important.

But no problem I shall also post the equities from now on.

Annyhow on the attachement as well equities as balances show.

Yesterday: 8;22AM: Balance at this moment: 21 354$
(but statement showing open orders worth: "Floating P/L: -1 551.61")
nett = approx $19,900.

Today: Balance at this moment: 21 978$
( statement showing unrealised losses of;"Floating P/L: -5 320.27")
nett = approx $16,600.

although you are showing an incremental increase of $600 over yesterday on closed trades, you are being misleading by failing to show an increase of unrealised losses. the nett amount is a reduction in equity by about $3,300 over yesterday. these intra-trade drawdowns affects the usefulness of the system.

your increase of $10,000 to about $21,000 in closed trades is commendable. but your open (losing) trades means your actual equity is $5000 less than the profits you show.
unless you show the full picture, this is clearly misleading, and you need to explain why you dont show the full picture.
if the market bounces up and the losses reduce, it will be due to luck and not judgement.

I think this thread is a slow-burn, low-impact spam, unless you can answer the questions of the motivations of posting selectively. this affects newbies who might get suckered in.

 

[Jova]

now, I am all for automated systems, and you can glean the underlying method from them. but this peculiar behaviour is clearly non-standard. any newbie buying this wouldnt know when to over-ride the system rules. (except when they were scared out of their wits at the drawdowns)

EDIT: I think I need to get out more.

As I told you several times ( in post # 15,18,34 and 38) they don't sell this system.
They only offer managed accounts based on profit sharing.

 

[Hoggums]

So if I understood it good:

Profit factor = Gross profit / Gross loss
Profit factor = 46 458 / 34 479

Then I come to a profit factor of 1.35, How do you come to 0.1 (or did I miss something)?

No.

Profit factor = Average profit per winning trade / Average loss per losing trade

 

[Jova]

Startingdate: 4 september 2008
Startingamount: 10.000$
Balance at this moment: 22 045$
Equity: 18 475$


Login: 810096
Read only password: neural22
Server: MIG-Demo

 

[Jova]

No.

Profit factor = Average profit per winning trade / Average loss per losing trade

3 days ago I didn't knew what you ment with profit factor.

In post #47 you gave me a link where the profit factor is explained:
---------------------------------------------------------------------------------
Profit Factor

This value is the profit generated by profitable trades divided by the losses generated by losing trades. A value of 2 would indicate that twice as much money was made from winning trades than was lost from losing trades. Higher values indicate less risk.

--------------------------------------------------------------------------------

So it is not the average profitable trade devided by the average loss trade.
But the sum of all profitable trades devided by the sum of all loss trades.

I also saw that in the summaries the profit factor is calculated automatically (1,32 at the last summary).

 

[options]

Yesterday: 8;22AM: Balance at this moment: 21 354$
(but statement showing open orders worth: "Floating P/L: -1 551.61")
nett = approx $19,900.

Today: Balance at this moment: 21 978$
( statement showing unrealised losses of;"Floating P/L: -5 320.27")
nett = approx $16,600.

although you are showing an incremental increase of $600 over yesterday on closed trades, you are being misleading by failing to show an increase of unrealised losses. the nett amount is a reduction in equity by about $3,300 over yesterday. these intra-trade drawdowns affects the usefulness of the system.

your increase of $10,000 to about $21,000 in closed trades is commendable. but your open (losing) trades means your actual equity is $5000 less than the profits you show.
unless you show the full picture, this is clearly misleading, and you need to explain why you dont show the full picture.
if the market bounces up and the losses reduce, it will be due to luck and not judgement.

I think this thread is a slow-burn, low-impact spam, unless you can answer the questions of the motivations of posting selectively. this affects newbies who might get suckered in.

Cobblers to all this. I'm up 45,000k on a morning's oil trade... and I missed the entry by half!!!

 

[Hoggums]

Cobblers to all this. I'm up 45,000k on a morning's oil trade... and I missed the entry by half!!!

Are we talking JPY here?

 

[options]

Are we talking JPY here?

Oil, Hoggums me ole m8!

(Well if everyone else is being silly I'm gonna join in).
Maybe I should have posted this on the Spanish thread?