Hello,
In terms of results, the saw. Good time to connect to systems. Thank you for being with me. Moving up.
Michael
4 Likes
Hello,
Excuse me for the poor results of my trading and the high volatility of the results. I will correct mistakes. Thank you for being with me.
Michael
2 Likes
From the systems description:
Medallion X: 6) Maximum drawdown per month 10%.
Medallion CME: 7) Maximum drawdown per month 10%.
Medallion xPRO: 6) Maximum drawdown per month 5%.
Actual drawdowns 15.7%, 13.3% and 12.1%. Max drawdowns are broken in July, trading continues. So, could you please clarify what does âmax drawdownâ rule means in this case?
5 Likes
Also I am glad you finally removed that useless rule about max amount of contracts per trade. 4 it was, right? If you trade using martingale it is better to not have limitations, otherwise you will be losing. Without limitations at least you have a chance to be a winner for some time. Like it was couple years ago before that crash.
Now it is time to remove âNot a martingaleâ statement, max drawdown limits and âRisk control takes first place in the systemâ statement. Trader should be honest to his subs.
6 Likes
Probably just a lack of discipline, didnât he blow up a dozen or so systems?
5 Likes
Yes. This is similar, if not identical. Works until it doesnât.
Once he gets into a big trade and it moves against him, heâll just keep adding until it blows up. Then start a new system/profile, and repeat. Blames biggest loss thus far on âfirst time in 15-year careerâ trading error. 
4 Likes
I donât think he wants to cheat his subscribers in purpose.
Due to his 1st position always drops in water, he had to add positions to restore the performance. Hence the volume is higher and higher.
Everyone makes progress gradually, although perhaps he blow up a dozen or so systems, I think it should be allowed for in the growth phase.
If have to subscribe to his system, perhaps 1/5-1/8 risk should be acceptable? After all, the price is very cheap. Letâs see what happens in coming months.
4 Likes
I checked the track record of âMedallion Xâ and highly suspected it is just a Grid & Martingale EA for GBPUSD, along with some manual trading on other pairs.
It is a general consunsus that the Grid & Martingale EA will blew up the account sooner or later.
The creator also verified this with his 15 years âprofessional trading careerâ.
If so, $35 per month is already quite expensive, due to it could do great harm to the subscribersâ wealth.
5 Likes
Hello,
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Thanks for your interest in my systems and being active on my branch.
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There is always a stop loss, the level of the stated risks is observed. If you connected after the 1st, your risks may be greater than the stated ones.
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Updated maximums for systems. We continue to move up the profit curve.
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Thank you who is with me.
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Thanks to those who criticize. It is very good if the criticism is constructive.
Michael
2 Likes
Hello,
Excellent result for a month on my system. Thank you for your subscription and interest in my system. Work in terms of optimizing the trading system, correcting errors, does not stop and is constantly being done for the further growth and development of projects. The system becomes more reliable and stable.
1) Medallion X (Forex) | + 53.9%, max dd - 17.2%
2) Medallion CME (Futures) | + 22.7%, max dd - 14.2%
3) Medallion xPRO (Forex) | + 22.6%, max dd - 14.0%
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Manual trading is based on the use of advanced mathematical algorithms that generate accurate entry and exit signals, as well as on the analysis of intraday currency futures of the Chicago Mercantile Exchange (CME Group).
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Each trade is protected by stop loss. Prior to the opening of each trade, a risk calculation is made and only after that a trade is opened. Risk control takes first place in the system.
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Not a martingale.
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Maximum drawdown per month 10% (Medallion X, Medallion CME), 5% (Medallion xPRO). The risk for you may be more than 10% (Medallion X, Medallion CME), 5% (Medallion xPRO) if you connected not from the 1st of the month.
Michael
2 Likes
I believe no one want to criticize more, due to time is precious.
Keep honest to the subscribers and throw out the Martingale EA to avoid be stopped out again, should be the most constructive suggestion.
1 Like
Hello PipMaster2018,
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Thanks for your comment on my thread.
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My systems donât use martingale.
Constructive criticism is welcomed. Criticism on the case. If you criticize, give a detailed comment.
Michael
4 Likes
He is still holding on to that trade yikes!
3 Likes
Looks like go long gbpusd or go short usdcad.
I think heâll hold the position until the price goes back or the account is stopped out.
Perhaps new email account, new username and new profile are in preparation.
3 Likes
Wonder if heâll bother coming back this time. How many systems has he blown up now?
2 Likes
I think he will be back soon.
He has 15 yearsâ professional Martingale EA trading experience, he believe he could âhelpâ some investors who has no enough knowledge.
3 Likes
This âprofessionalâ traderâs system and/or his trading logic used to be quite in line with the criteria of C2 Ranking System and had a higher C2 Score.
@MatthewKlein
Can you please tell me how to check his C2 score for now?
Thanks,
Best Regards,
2 Likes
Actually, this strategy never ranked highly by C2âs Score algorithm. Right before its recent crash (that is, just before August 15 2021), it was ranked strategy #131 (meaning: C2 ranked 130 strategies more highly than it, even before it crashed). The highest it ever ranked, according to the C2 Score, was as strategy #69, back in May 24 2021, well before it demonstrated its most recent trading style.
So I think this is reasonable evidence that the C2 Score (while not perfect of course), does a decent job of noticing trading behaviors which might lead to blow-ups.
P.S. To answer your question, as of today, the strategy is ranked #643, according to the C2 Score.
2 Likes
Many thanks for your kindly reply and detailed introduction.
Based on my experience, the Martingale nature was clearly shown exactly from December 2020, the initial period of this strategy.
However, just as you said, no Ranking System is perfect.
It doesnât matter.
1 Like
