Former New York Mercantile Exchange President Goes BROKE

YOU should realize that this simulator account trades on REAL LIVE currency quotes... NOT delayed.

Consequently, ANY results obtained are also REAL - gains AND losses.
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Trades are simulated, and hence so are gains and losses. When you make a live trade you actually change the market. It doesn't have infinite liquidity. Assuming you can scale yourself up to trading a $500,000,000 account with your current strategy, and not suffer any performance hit, is simply delusional. I do have a question, however. Are any of these simulated trades due to back-testing or is this all forward-testing?

-Raystonn
 
Quote from Raystonn:

Trades are simulated, and hence so are gains and losses. When you make a live trade you actually change the market. It doesn't have infinite liquidity. Assuming you can scale yourself up to trading a $500,000,000 account with your current strategy, and not suffer any performance hit, is simply delusional. I do have a question, however. Are any of these simulated trades due to back-testing or is this all forward-testing?

-Raystonn
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"simply delusional," eh?

You could say that IF the quotes currencies are being traded on were NOT live and real-time.

But, if it makes you feel good to think the system being traded here openly is 100% fake... fine.

Oh, one other thing... since "everyone can automatically scale an (simulator) account to $500,000,000..." let's see YOU do it.

I'm sure you'll come back with something like, "wouldn't waste my time, yada yada yada..." -- no problem.

Truth is, you can't. That's why you don't. Forward-testing, backward-testing, sideward-testing... whatever-testing.

That's the final result.

Thanks for the spam. :)

Draw
 
Quote from Player:

If your so good and this system works so well then why in the hell don't you trade it live..
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Yet another adoring fan! :D

If you read in the beginning (hint: follow the links on this thead) I stated that this system has components in it that I trade in my "live" accounts.

No, I'm not going to splay my entire trading system(s) on a PMB (public message board - yes, I had to spell it out after I typed the initials) ... I'm not that desperate for attention.

This is a lightweight version that contains components I use in my live trades.

Starting out as a trading contest (it's still open for competition!), I update the trade (around 6 to 9 months left, I think) to show the masses that negotiating the foreign exchange (that there's much interest in lately) can be done successfully. I am proving this openly.

Thanks for your warm and uplifting comments. :)

The DrawDown
 
Well, the market has lost its wind.

Switched strategy back.

Took some profit on those trades opened in last update.

Back down to $7,146.72 Margin Used.

Balance is up to $20,309.38. Net = $16,348.81.

Drawdown = -$3,960.96.

We'll see which way the wind blows.

The DrawDown

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=1198740>
 

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