Hello, Today I am going to eliminate some performances I am not comfortable with. Let's see.... Most of my chosen performances have a range of profit between "110.60%" (Gold Martin) and "177.82%" (Night Scalping CAD 2) Compared to a drawdown that ranges between "21.78%" (Night Scalping CAD 2) and "1.41%" (Silver_Argentium). By the way, I like this 1.41% drawdown for over 2 years.

I am eliminating here performance "ZG Scan" that has 31.91% in profit compared to 10.21% in drawdown. It has a very high profit over drawdown risk. I cannot tolerate that, specially when there are 8 other performances that has more than 3 times profit % compared to the same dradown. We are down to 8 performances : Night Scalping CAD 2 Silver_America Platinum savvy Investors Gold-Shine Silver_Sterling Silver_Argentium Gold_Martin

Hello, A quick update. There's a new performance I am following closely. It doesn't have the 1 year requirement yet but I am really interested with the low drawdown it has. It's something I have never seen. Leo Trader Pro : http://www.fxstat.com/forum/discuss/L-2779

I will be watching it closely. Let's see if it continues...

Yea Agree Leo Trade sounds interristing .. i been watching it for some while

Hey, I have checked last euro trade that was in drawdown then was closed for a little profit. I am a little worried as the drawdown here on FXSTAT is calculated. http://www.fxstat.com/forum/discuss/2779/last#qitem447

Very interesting! Thank you Paradise for sharing your thoughts with us .

you are welcome! Hope it helps...

Hi,

Interesting post. is there any update on this?

Originally posted by paradise

Important Notice: These are my own personal comments. I DO NOT represent FXSTAT or any other performer here. I am not making publicity for any particular performer. I only represent myself.

Hello,
Here I will try to find out the best performance on FXSTAT. To be able to do so, I need some rules. These rules will help me choose the best performances by elimination.
Please refer to this thread : http://www.fxstat.com/forum/showpost/20-General-Forum/205-How-to-choose-the-best-Managed-Account?

For that matter, the lovely search box of FXSTAT will be our only friend. I won't fall for people saying they are professional or companies. All that matters is the performance whether I end up with a multi-national company or a 5 years old boy managing my account. All that matters is my return OF capital first and return ON capital second.

Let's start:
I do have around 300 performances in FXSTAT.
First filter: Check the age
I will filter all those that have an age under 1 year. That's the maximum FXSTAT allow. I would have used 2 or 5 years if I was able to do so.

It quickly falls for 18 performances:
RevolutionFx
FBphoenix5
DFI Gains Demo
DFI Matrix Artificial Intelligence EA
417 Forex
Night Scalping CAD 2
Silver_America
Platinum
savvy Investors
Gold-Shine
Silver_Sterling
Silver_Argentium
Gold_Martin
DFI Optimum
SweetExtreme
ZG Scan
120532
Financial Freedom Fund

Next step: Only Real Accounts
If the manager is really confident that he can make money out of his system, then he'll use it first on his own money or one of his clients.
Demo accounts do not matter when the system is manual. I will never fall for that. Anybody can turn 100$ to millions in a demo account. It doesn't involve fear and greed. Also, I can build hundreds of accounts and run different strategies until one of them is profitable(the one I show the audience)

It goes down to 13 performances:
DFI Matrix Artificial Intelligence EA
Night Scalping CAD 2
Silver_America
Platinum
savvy Investors
Gold-Shine
Silver_Sterling
Silver_Argentium
Gold_Martin
DFI Optimum
ZG Scan
120532
Financial Freedom Fund

Next step : Verified accounts
I am only interested in verified accounts. This is an amazing option from FXSTAT that gives a sort of guarantee that the manager is providing real results. I am eliminating here potential scammers.
[If you have a performance that has been verified recently, please let me know and I will update this thread]

It goes down to 10 performances:
Night Scalping CAD 2
Silver_America
Platinum
savvy Investors
Gold-Shine
Silver_Sterling
Silver_Argentium
Gold_Martin
ZG Scan
120532

All these performances are in the positive. This will eliminate some steps for us!

On the other hand, Night Scalping CAD 2 has the best profit % and it's 179% which is acceptable. If I saw ratios in the thousands (8736458764%) I would have eliminated them as I will be suspicious of their risk management. A system that makes 938465% is a system that can loose 29847574% :)

Next step: Eliminate high drawdown
Just a quick eye-analysis would eliminate performance : "120532" that has 90+% of drawdown.
If I had more performances I would have setup the drawdown filter to 20%-25%

9 performances left
Night Scalping CAD 2
Silver_America
Platinum
savvy Investors
Gold-Shine
Silver_Sterling
Silver_Argentium
Gold_Martin
ZG Scan

That is all for now. Later I will be posting a detailed analysis for our 9 winners. Please, be careful and do not jump quickly on one of those as I may discover suspicious things later on.

It's good that you think that my Night Scalping 2 is good. But there are only several peoples who think the same way. At least, i have only 1-2 people who asked about it :)

Originally posted by JeDi

Yea Agree Leo Trade sounds interristing .. i been watching it for some while

It is an interesting bot. However, i belive it is a risky one.

Originally posted by jamal

Hi,

Interesting post. is there any update on this?