Its amazing isn't it that none of these people have audited track records. I've been looking at this stuff for years and Ive yet to find anyone whose performance is significantly better than my own, in most cases its a lot worse.
Its also amazing that the people who make these claims, and attempt to solicit funding on the basis of those claims generally cannot back up these claims. The truth is there's enough gullible idiots around to fund them that they don't need to
I know people who made hundreds of millions in this game, possibly even billions in one case, but they didn't do it by possessing any kind of realistic edge.
Citing statistics based on x wins out of y trades is pretty meaningless without an understanding of risks, drawdowns etc. its not as if its hard to achieve.
Name me one single trader who had returns consistant with a mathematical expectancy of 50% win rate at 2:1.
I'm not talking about some vendor low life gaming the system at fx book, I'm talking about traders with public ally audited track records. Name me one.
I believe the best audited returns are around 18,000% over 6 years or something, from a hedge fund, Why would a retail trader getting they returns want to be on radar?
Some people I have had the privilege of getting some advice from have been extremely hard to get hold of, extremely expensive to get time with and even then it has generally been very limited time - quite a few times I was quite blatantly ripped off, so I understand skepism, but you will never find what you don't believe exists - even if you tripped over it in the street.
Generally, people can not show documented proof of their claims when pitching PAMM, I must be pitched 10 a week that do not even warrant thought. This guy did send me him MT4 statements (and came via a very trusted sources, but obviously that is totally subjective) and it was pretty impressive what he had done (I was wrong before, he has not traded 70-80 times, he had sent me two accounts with duplicate trades), he had made 15% with a max draw down of about $8, on a $250,000 account - this is worth looking at. I will pull up charts and dissect each trade.
What I would respectfully suggest, is you don't assume to know all traders. Most don't want a public profile, most will not wish to be known. If you look into advanced patterns I expect you will find ones that give you a damn good expectancy of being able to win more than you lose. Then, if you are dedicated enough to eyeball chats for hours on end testing and tweaking idea, running into deadends and trying something else - over and over, you will find, although there is no "holy grail", there is a lot of gold.
If you want to trade intraday, clearly it is going to be unlikely you can win 50% of trades, longer term, it is not even that hard.
You could have bought ever EJ pull back to the 23% fib once it broke 100 and used 76% fib as SL, traded it 2:1 and not lost a trade yet, still be in the most recent one this year. Before that, with that strat, you were bearish I don't have charts open, so am just going on memory here, but I'm pretty sure over the last 2 years that would have gave you 50% wins or better on 2:1. People done this, that happened.
With stricter rules you could have bought 38 fib with same ratio or better and had a even better expectation. For a few years now that would have been profitable at that ratio.
