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Analysing trading accounts

Discussion in 'Trading/Investing Resources' started by James Austin, Jan 31, 2019.

  1. James Austin

    James Austin

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  2. James Austin

    James Austin

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    any comments?
     
  3. thomasc

    thomasc

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    I am not familiar with the Metatrader but if these are verified as genuine I would be confident to start trading them. The max drawdown, equity curve and sharp ratio and percent profitable all look good to me. Only thing I can't see is what they used as the slippage for each trade.
     
  4. James Austin

    James Austin

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    Thanks Thomas.

    I was impressed by these 2 accounts. There may be some concerns but they arent obvious to me.
    .....Perhaps only that the accounts are only 1 year old.

    But the equity curves-- tick.
    Growth-- tick.
    Drawdown-- tick.
    Hold time-- tick.

    Sharpe-- ??
     
  5. thomasc

    thomasc

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    No the Sharpe Ratio is not brilliant but considering other factors is fine. Holy grail doesn't exist...so > 0.2 is acceptable. My 2c.
     
  6. James Austin

    James Austin

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    2019-02-02_1948.png

    Another one I have my eye on
    https://www.myfxbook.com/members/autotrade/tfr-quantization/2574705

    • Growth +28%
    • DD 6.21%
    • Age 6mths; which increases risk
    • Sharpe 0.15....?
    • MAE looks healthy

    *will have to analyse trade history to get a better understanding of the trading behaviour: opening strongly correlated pairs at the same time; holding positions over the weekend; holding positions over high impact pending news (NFP, FOMC, Brexit announcements, interest rates etc).

    .
     
  7. sasch

    sasch

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    Hi James,

    Have another look at your first two examples (510980, 529774). Pay particular attention to deposit load, best trade, and worst trade. Compare the withdrawals and deposits on both accounts. Which would you prefer now?
     
  8. James Austin

    James Austin

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    Thanks sasch

    Yes I see Daisy's risk/reward is skewed. But is that a one off! TBA.

    As for the deposit load, less is always preferred, however is it a function of simply having more non-correlated positions open at the same time. TBA.

    That said mycode does look better on the surface.....But to truly understand an account, one almost has to trawl through the individual trades.

    Here's another one I'm "analysing"....in an attempt to understand what the stats really mean.

    admittedly, 14 weeks is a very small sample

    .
     
  9. sasch

    sasch

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    This Hamster Infinity looks fishy to me. The returns look too good to be true.

    1:500 leverage!

    The equity curve gives you a clue. It is smooth except for regular sharp draw downs of 10% or more, yet the largest loss is currently listed as -1.87 EUR.

    Check out the MFE and MAE Distribution section on the Risks page to see what is really going on. Take note of the red dot :eek:.
     
  10. James Austin

    James Austin

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    This Hamster Infinity looks fishy too me. The returns look too good to be true.
    I agree, it cant last.

    1:500 leverage!

    Facilitates large drawdowns,.....which is a concern.

    The equity curve gives you a clue. It is smooth except for regular sharp draw downs of 10% or more, yet the largest loss is currently listed as -1.87 EUR.

    Check out the MFE and MAE Distribution section on the Risks page to see what is really going on. Take note of the red dot.

    So the trader is holding and holding so as not to record –ve results. This can work for awhile, but eventually the market doesn’t come back.

    *would you mind telling me if anything stands out to you on this final account:
    https://www.myfxbook.com/members/autotrade/tfr-quantization/2574705
     
  11. peter2

    peter2

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    Sorry for this but I couldn't resist.
    funny1.PNG
     
    Skate, hopeing, sasch and 1 other person like this.
  12. James Austin

    James Austin

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  13. James Austin

    James Austin

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    Thanks Peter. Can you code commentary into an MT4 indi?
     
  14. peter2

    peter2

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    Yes, of course you can. By default comments appear in the upper left corner. They're useful if you want to monitor stages, levels that are automatically derived by the indicator. They also assist in troubleshooting your indicator code.
     
  15. James Austin

    James Austin

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    it will need to recognise changes in balance, equity and DD curves providing witty (caustic) commentary
     
  16. peter2

    peter2

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    Oh, that type of commentary. Well then, you'll need scripts to show all the important account details and then you''ll have to link scripts with the deposits/withdrawals via an AI module for the witty commentary.

    Clearly I've made my point to be extra wary of these types of services. I have no concerns about buying an indicator that you use to create trading signals, but grave doubts about subscribing to an amateur discretionary signal provider.
     
    cynic likes this.
  17. James Austin

    James Austin

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    the point of the thread Peter....analysing accounts and not to subscribe to amateur discretionary signal providers

    that said, post elsewhere thanks
     
  18. peter2

    peter2

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    The first link that you posted in this thread is from an amateur discretionary provider.

    funny2.PNG
     
  19. peter2

    peter2

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    The second link you posted for comment is from an amateur algo trader that turns his/her algo on very infrequently.
    funny3.PNG
     
  20. James Austin

    James Austin

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    Peter the whinger.

    629 trades
    59 weeks
    48min av. hold time
    So what!

    Contribute something intelligent rather than a reactive emotional response!

    As for "discretionary"......:laugh: (laughing)
     
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