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  • #10,121
  • Aug 12, 2022 3:19pm Aug 12, 2022 3:19pm
Quoting TrAndy1
I also had Pepperstone as broker but then moved to ICM. Not much I can tell about the differences among them, as I find them similar. But others may contribute more here. Pepperstone has a better customer service I noticed than ICM. But product coverage is better for ICM. Some spreads on non FX were better than ICM. But actually I do not know how much they are about trading order size and slippage. Also I heard they do not limit your account leverage regardless of account size. ICM says the same but others on this FF forum said different things...
If you search for good strategies, you can go to this site,there are thousands of strategies:

https://trade.collective2.com/

Like these:
https://collective2.com/details/136173633
https://collective2.com/details/135662477
  • #10,122
  • Aug 12, 2022 3:53pm Aug 12, 2022 3:53pm
Quoting wmwmw
{quote} If you search for good strategies, you can go to this site,there are thousands of strategies: https://trade.collective2.com/ Like these: https://collective2.com/details/136173633 https://collective2.com/details/135662477
Do not look particular for other strategies. The first one is flat this year so overoptimized and the second strategy on this collective is good but not good enough as I am seeking for strategies with Sharpe>4 or RRR 1:1 monthly. I could not find anything on Zulutrade, mql5 signals, etc. so far and have been looking around for some weeks. I also made a search on telegram channels in addition, but it is even worse as most signal provider are such dishonest with false performance track records.
  • #10,123
  • Aug 12, 2022 4:22pm Aug 12, 2022 4:22pm
Quoting TrAndy1
{quote} Do not look particular for other strategies. The first one is flat this year so overoptimized and the second strategy on this collective is good but not good enough as I am seeking for strategies with Sharpe>4 or RRR 1:1 monthly. I could not find anything on Zulutrade, mql5 signals, etc. so far and have been looking around for some weeks. I also made a search on telegram channels in addition, but it is even worse as most signal provider are such dishonest with false performance track records.
Only 2 that are sharpe>4, but they lasted less than 120 days.

https://collective2.com/details/140379284

https://collective2.com/details/140372245

Over 120 days there is none.
  • #10,124
  • Aug 12, 2022 4:39pm Aug 12, 2022 4:39pm
Quoting Capablanca
{quote} Yep, it's complete garbage process as I mentioned here Those guys spend a lot of money in social media, advertising, community prizes, super portal whatevever-that-means and can't have the most basic thing like a fast payout. From the bigger firms they're clearly the worse on payout process, miles away from the others.
Sure they do huge spending on social marketing
MFF payout is great 3x so fast but slippage is shitty
E8funding payout is okay
TFT payout is garbage

FTMO just reach phase 2 and fail
  • #10,125
  • Aug 12, 2022 9:23pm Aug 12, 2022 9:23pm
Quoting HengkiTjen
{quote} Sure they do huge spending on social marketing MFF payout is great 3x so fast but slippage is shitty E8funding payout is okay TFT payout is garbage FTMO just reach phase 2 and fail
The initial days of phase 2, and the Funded stage are most important than Phase 1.

This is due to excitement.

I have come across.

Take it cool for few days when you reach that stage.

Then go at it.
Intraday only.
  • #10,126
  • Aug 12, 2022 9:26pm Aug 12, 2022 9:26pm
Quoting navk
{quote} The initial days of phase 2, and the Funded stage are most important than Phase 1. This is due to excitement. I have come across. Take it cool for few days when you reach that stage. Then go at it.
Crazy how a lot of people seem to pass FTMO stage 1 easily and fail stage 2.... even though requirements are half the profit in twice the time. Surely this must be a psychology issue and not a broker/firm issue
  • #10,127
  • Aug 12, 2022 9:50pm Aug 12, 2022 9:50pm
Quoting Takisd
{quote} {image} If you need a thread to sell your trading , you're a scammer
Wow is that your payout
That's amazing
  • #10,128
  • Aug 12, 2022 9:51pm Aug 12, 2022 9:51pm
Quoting navk
{quote} The initial days of phase 2, and the Funded stage are most important than Phase 1. This is due to excitement. I have come across. Take it cool for few days when you reach that stage. Then go at it.
Thanks navk
Yes I need to stop and review what I have done
  • #10,129
  • Aug 13, 2022 5:30am Aug 13, 2022 5:30am
Quoting Takisd
{quote} {image}
Apart from TrAndy's table, I'm not sure there's any image on here as valuable.

Just one question for you Takisd: Do you use systematic or discretionary exits; or both?

Ps. I had 200 lots on during the freeze, but I just got out once I figured what was up..
  • #10,130
  • Aug 13, 2022 5:46am Aug 13, 2022 5:46am
Quoting Thoughts
{quote}Apart from TrAndy's table, I'm not sure there's any image on here as valuable. Just one question for you Takisd: Do you use systematic or discretionary exits; or both? Ps. I had 200 lots on during the freeze, but I just got out once I figured what was up..

My trading this last cycle was pretty good because of the share markets going bullish and my approach being just buy any dip that shows appropriate price action. The freezes weren't a problem for me as I was well in profit and stops were in place and the gaps were in my direction. I saw they reimbursed anyone negatively affected so it is par for the course with MFF. If something is their fault, they fix it. Its the only thing they can do and fickle stuff happens. I really have a lot of empathy for them and other firms who allow news trading who are getting people slagging them off because of normal slippage and things like feed freezes which can occur when you just have so much flow. Its not easy to keep a feed up when you are doing 10 yards a day of volume.

Truly my experience with them is great, my experience with FTMO is also great but I do not like talking to their staff ever, its always a cold experience. I have had freezes, slippage etc with FTMO in the past and like MFF they just reimbursed/rectified as normal if it was their own fault. Slippage in my opinion is never the providers fault as these providers do not make their own feeds and the people crying about slippage are wither 1 pip stop SMC traders who are braindead or people who trades open during news.
  • #10,131
  • Aug 13, 2022 5:59am Aug 13, 2022 5:59am
Quoting wmwmw
{quote} Only 2 that are sharpe>4, but they lasted less than 120 days. https://collective2.com/details/140379284 https://collective2.com/details/140372245 Over 120 days there is none.
That is the problem, with those published strategies that they are not consistent for a longer time period. A kind of sharpe ratio greater of 4 seems to be a wall I am admitting. But this is also the entrance level to pass those challenges at prop firms in phase 1. I could manage to build a SR>4 strategy but the problem I have is that the monthly drawdowns are not consistent so they vary too much for my taste. But overall I always got a 1:1 monthly as RRR from my strats. I just do not know what kind of Drawdown I get for the next month. So I am still working on it and found something more stable but needs also a lot of more computing time, so my PC is still calculating. I also had to limit here as I easily could spend 1 year just running PC and looking for profitable setups. That is way I am concentrating on majors only now.
  • #10,132
  • Aug 13, 2022 6:22am Aug 13, 2022 6:22am
Quoting TrAndy1
{quote} That is the problem, with those published strategies that they are not consistent for a longer time period. A kind of sharpe ratio greater of 4 seems to be a wall I am admitting. But this is also the entrance level to pass those challenges at prop firms in phase 1. I could manage to build a SR>4 strategy but the problem I have is that the monthly drawdowns are not consistent so they vary too much for my taste. But overall I always got a 1:1 monthly as RRR from my strats. I just do not know what kind of Drawdown I get for the next month....
Sharpe > 4 is insanely high imo. I have never seen strategy with such a high Sharpe maintained long term and, honestly, I don't even see a benefit in focusing on Sharpe. It requires consistency in both directions, negative but also positive, so all extraordinary profits actually lower the Sharpe. Wouldn't Sortino work better for the trading purpose? I even think that strategy which is positively inconsistent would have higher chances in passing challenges. You need a consistency in small losses but allow for high profits. I.e. you actually need individual trades with very high RRR. Those individual high profit trades make you pass.
Actually I never passed by consistent trading. It was always by using aggressive setups with very high expected RRR (like 10:1 or more) as 8-10% a month is also insane for any long-time surviving strategy
Money is made by sitting, not trading
  • #10,133
  • Aug 13, 2022 6:53am Aug 13, 2022 6:53am
Quoting Vitore
{quote} Sharpe > 4 is insanely high imo. I have never seen strategy with such a high Sharpe maintained long term and, honestly, I don't even see a benefit in focusing on Sharpe. It requires consistency in both directions, negative but also positive, so all extraordinary profits actually lower the Sharpe. Wouldn't Sortino work better for the trading purpose? I even think that strategy which is positively inconsistent would have higher chances in passing challenges. You need a consistency in small losses but allow for high profits. I.e. you actually...
Sharpe Ratio is THAT Standard measurement for evaluating profitability on a strategy. Of course there are measurements like Sortino & others. I mentioned SR only for the reason it is standard. For myself I care more about Drawdowns and Reward-Risk-Ratio over a time span. So for me it is more focusing on RRR of at least 1:1 per month, but that also translates a certain SR, which is 4 here. Of course you could look on Sortino which correlates with SR. But nevertheless there are consistent strategies that have higher SR of 4 for a very long time. That is why I am looking & searching for. I know they exist. Maybe you need to spend more time on research.
  • #10,134
  • Aug 13, 2022 7:08am Aug 13, 2022 7:08am
Quoting TrAndy1
{quote} Sharpe Ratio is THAT Standard measurement for evaluating profitability on a strategy. Of course there are measurements like Sortino and others. I mentioned SR only for the reason it is standard. For myself I care more about Drawdowns and Reward-Risk-Ratio over a time span. So for me it is more focusing on RRR of at least 1:1 monthly, but that also translates a certain SR, which is 4 here. Of course you could also look on Sortino which correlates with SR. But nevertheless there are consistent strategies that can produce a higher SR of 4 for...
I understand your view. I believe I spent enough time on research, which is why I personally came to a conclusion that Sortino, as an improvement of the original Sharpe, is better fit for my own purpose. But I don't search for someone else's strategies, I use Sortino for running optimizations of my own automated strategies. But as long as you know both ratios and understand their differences there's no need to argue about which one is better ;-)
Money is made by sitting, not trading
  • #10,135
  • Aug 13, 2022 7:17am Aug 13, 2022 7:17am
Quoting TrAndy1
{quote}For myself I care more about Drawdowns and Reward-Risk-Ratio over a time span
which is why I thought Sortino might be better fit your purpose, as strategies with high Sortino has a lower probability of larger losses (drawdowns) whereas strategies with high Sharpe have lower deviation in both directions, ie. drawdowns as well as profits. But anyways, up to you
Money is made by sitting, not trading
  • #10,136
  • Aug 13, 2022 7:24am Aug 13, 2022 7:24am
There are multiple different measurements for sharpe. There isn't just a universal formula unfortunately but there is a "standard" one.
  • #10,137
  • Edited 7:44am Aug 13, 2022 7:34am | Edited 7:44am
I agree Sortino makes more sense than sharpe.
Also a Sharpe>4 strategy that can last years is a very high standard. I am not sure there is one, but even there is, the strategy owner will not expose how it works. He may even doesn't want to tell anyone that he has a higher than Sharpe 4 strategy.
That is called a holy grail.
My understanding is if you want a holy grail, you will need to develop by yourself, not by copying other's effort, because no one will let his holy grail to be exposed to public and then become useless.
  • #10,138
  • Aug 13, 2022 7:50am Aug 13, 2022 7:50am
I do not believe in holy grails. The biggest secret is there is no secret. Because it is all reflected in the public data. You only need to do your own number crunching.
I also would not believe than when a high Sharpe>4 strategy is published anywhere it suddenly would stop working because of the fact being published. Because there is always a reason when such a good strategy exists for many years. There are bigger wheels from larger market participants causing such inefficiencies. They would need to adapt and change their behavior and they mostly do not do it for various (regulatory e.g. or being comfortable or having too much money to play with) reasons.
  • #10,139
  • Edited 8:51am Aug 13, 2022 8:28am | Edited 8:51am
Quoting TrAndy1
I do not believe in holy grails. The biggest secret is there is no secret. Because it is all reflected in the public data. You only need to do your own number crunching. I also would not believe than when a high Sharpe>4 strategy is published anywhere it suddenly would stop working because of the fact being published. Because there is always a reason when such a good strategy exists for many years. There are bigger wheels from larger market participants causing such inefficiencies. They would need to adapt and change their behavior and they mostly...

I will not post real time calls here as I promised before. As I don't like the idea of copying other's accomplishments instead of putting effort in developing one's own strategy.
Also if you don't even believe a holy grail, what I post my holy grail here for? You don't even believe it.
Copying other's accomplishments is just like someone sharing other's salary while let other work for him.
So I don't like to share my salary with another guy.

No offense, but you did sound naive and inexperienced as you think by copying other's consistent winning strategies you can make consistent money.
Good luck to you.
  • #10,140
  • Aug 13, 2022 9:02am Aug 13, 2022 9:02am
Quoting Takisd
{quote} My trading this last cycle..
Totally agree. Thanks for sharing Takisd.

I must say you're quite the trader. I don't think I've seen someone with your talent in some time now..

Cheers
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