Larry Williams still in the ring...

Former trading contest winner Michelle:
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Maverick1 said:
"I started trading my E-mini S&P AutoTrade® program on WorldCupAdvisor.com on 3/11/2014 to trade one contract of the E-Mini S&P with a starting balance of $20,000. The Net-Profit generated since then has been $19,378 after deducting all commissions and fees in 61.45 months of trading with a Drawdown of -47.8% (6/30/14 to 1/31/15).

That’s a Net-Return of 96.9% showing that mechanical strategies can hold up in real time. You can make the same trades at the same time in your own account automatically at WorldCupAdvisor.com."


How many of you would sit through or have sat through a a near 50% drawdown or to make 100%?
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You'll notice that LW would make highy leveraged day trades and then also have overnight swing trades of a smaller size. He used very tight risk control and traded with the trend. This are important points in a discussion of whether techniques are still valid and yes they are--.
 
You are brave man investing in a system that you haven't seen the backtest results. You are even braver since you withstood the DD at the very beginning.
 
If you are convinced the system's results are fairly stable, the way to trade it would be to operate in sim mode until you hit a big drawdown, ie the 50% or close to it, then start trading with real money. Ideally, you would have a couple of other, non-correlated systems to do the same thing with.
 
Buy1Sell2 said:
You'll notice that LW would make highy leveraged day trades and then also have overnight swing trades of a smaller size. He used very tight risk control and traded with the trend. This are important points in a discussion of whether techniques are still valid and yes they are--.
More...

Didn't he get fined for trading multiple accounts to hide losses ?
 
Maverick1 said:
"I started trading my E-mini S&P AutoTrade® program on WorldCupAdvisor.com on 3/11/2014 to trade one contract of the E-Mini S&P with a starting balance of $20,000. The Net-Profit generated since then has been $19,378 after deducting all commissions and fees in 61.45 months of trading with a Drawdown of -47.8% (6/30/14 to 1/31/15).

That’s a Net-Return of 96.9% showing that mechanical strategies can hold up in real time. You can make the same trades at the same time in your own account automatically at WorldCupAdvisor.com."


How many of you would sit through or have sat through a a near 50% drawdown or to make 100%?
More...


Depends on other factors


If your trading accounts total $1,000,000 and then that $20,000 contest account isn't going to have much effect on you


Also depends on your risk tolerance And precious drawdowns


If you sweep your account weekly to protect from non insurance situations then it's less of a big deal.

Also is the 47% drawdown produced from trading only 1 contact, 5, 10, 20, 40 ?
 
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