Originally posted by Jogi

Honeric, you r doing better than the money managers you initially told us. Keep it up buddy :).

I was talking abt
 

Nah, i didn't lose all the $15,000 in one month, it's an in between statement. the $15,000 represents all the amount i have lost so far since i started  trading forex close to 4 years now.
$6,670 to a broker who closed shop (butchet shop) after i turned my $4,000 into $6,670 in 10 days. primafx rings a bell?
$4,000 to a Nigerian colleague who claimed he could manage one of my accounts but ended up crashing my account in 2 days with just $4 left in the account
$2,000 to an indonesian mentor who i thought was going to help me make back part of the $4,000 i lost to the previous colleague but also crashed the account after 3 weeks
The last was a Malaysian trader i entered a PAMM deal with under instaforex, though it was just $300 but that money meant alot to me after losing the above mentioned amounts.
The rest amount after adding all these together was lost during the time i was learning forex and also during the periods my emotion took over me.
Hope you understand now? for now i don't have enough money to start strong again, thats why i started with just $50, the other $20 was a bonus given to me by a new broker i am testing.
Right now i don't use EA, i trade manually and every trade is called by me, i don't want robots doing my job when i am capable of doing it myself and getting perfect with it. my $20 is now $52 even after i have withdrawn $30 just to see how fast the broker is.
You can follow my system with this new broker to see how i am fairing. (started 2nd of june i think and its to run for the rest of the year) hopefully i should be able to grow the account to something meaninful.

Originally posted by Jogi

I was talking abt 
Nah, i didn't lose all the $15,000 in one month, it's an in between statement. the $15,000 represents all the amount i have lost so far since i started  trading forex close to 4 years now.$6,670 to a broker who closed shop (butchet shop) after i turned my $4,000 into $6,670 in 10 days. primafx rings a bell?$4,000 to a Nigerian colleague who claimed he could manage one of my accounts but ended up crashing my account in 2 days with just $4 left in the account$2,000 to an indonesian mentor who i thought was going to help me make back part of the $4,000 i lost to the previous colleague but also crashed the account after 3 weeksThe last was a Malaysian trader i entered a PAMM deal with under instaforex, though it was just $300 but that money meant alot to me after losing the above mentioned amounts.The rest amount after adding all these together was lost during the time i was learning forex and also during the periods my emotion took over me.Hope you understand now? for now i don't have enough money to start strong again, thats why i started with just $50, the other $20 was a bonus given to me by a new broker i am testing.Right now i don't use EA, i trade manually and every trade is called by me, i don't want robots doing my job when i am capable of doing it myself and getting perfect with it. my $20 is now $52 even after i have withdrawn $30 just to see how fast the broker is.You can follow my system with this new broker to see how i am fairing. (started 2nd of june i think and its to run for the rest of the year) hopefully i should be able to grow the account to something meaninful.
 I read it on fxstat. The link is http://www.fxstat.com/forum/showpost/25-Trading_discussion/749-Why_am_I_loosing_always_
 

For those wondering about the DD, that came about because i withdrew almost all the capital plus profits i made in June when i just started trading this system, so you can as well overlook it, if you need proof on that, ask for the JUNE statements directly to your email.
 
Regards

Hi Honeric01,
Do you use any signal service provider or any indicator for your trading?
 
Mr.GTO

Hi wallstreet, i do not use signal providers but i use the traditional indicators like Sar, EMA, R%S and the pivot.
 
BTW, i don't think FSstats is computing my data accurately, things on my statements aren't right, the profit %, the DD %, the deposit isn't right either, but the withdrawed amount is on point.

From now till december hopefully, no more withdrawal from this account, i am looking to growing it until $1,000 at least.

FXSTAT, i don't understand these figures, can you please explain why i have these on my 3 months statement: -31.91% for June, -67.31% for july and -1030.32% for August, why are they in red and negative when i am actually making alot of profits with my DD just below 20%?


JunJulAugSepOctNovDecYTD %RiskMean

2011
 
 
 
 
 
-31.91%
-67.31%
-1030.32%

Details:Gross Profit:1 275.57Gross Loss:1 043.15Total Net Profit:232.42Profit Factor:1.22Expected Payoff:0.19 Absolute Drawdown:29.82Maximal Drawdown:31.34 (52.15%)Relative Drawdown:506.25% (8.10) Total Trades:1248Short Positions (won %):598 (91.30%)Long Positions (won %):650 (87.69%)Profit Trades (% of total):1116 (89.42%)Loss trades (% of total):132 (10.58%)Largestprofit trade:23.50loss trade:-34.11Averageprofit trade:1.14loss trade:-7.90Maximumconsecutive wins ($):98 (91.62)consecutive losses ($):18 (-283.31)Maximalconsecutive profit (count):91.62 (98)consecutive loss (count):-283.31 (18)Averageconsecutive wins:16consecutive losses:2

wow that's the craziest stat ever seen :)