A story about a failing Knight

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Forex Knight Rider

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Forex Night Rider – a classic example of high returns using extra high risks – and typically any ea which has 10:1 risk reward ratio could end up the same if the protection is not ensured properly.

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Are you ready for a story? A story about a Knight !!! and please be sure this one is for grownups and definitely not for kids. I will explain you what kind of story a graph can reveal us, an equity graph of course. (Be aware – this is not April 1st trick)

Intro: Let’s all take a look at the image below: an Image of a “brave” Knight (at least this is how he performed in the first 2 weeks).

 

Story: We can see that our “brave” EA started to hit a 10% Equity increase in the first 2 weeks of its journey which for many us is more than enough to retire and enjoy our lives.  For me personally this is a red flag that soon I could face some “dark forces” attack – and this happened indeed – the “dark forces” of Equity Drawdown battled our Knight for an entire week and he managed to win them only with a -25% loss of “braveness” which computed to net is -15% of profit – this is not so bad since we can recover it in the next 2-3 weeks of his journey. And with more confidence in his powers our Knight continued his journey and recovered 20% in one month – which are quite impressive recovery and I bet on his way he saw a lot of beautiful places from the kingdoms our Knight was travelling across.

But as in any fairy-tale there is another battle as well coming soon, and guess what – it happenedJ. Our Knight had a 1-month long battle with dark evil forces – very dark forces, the one which want to take everything from you – any courage you can have they can fear you only with a simple touch. After this crazy and long battle our not so brave Knight still was alive – but now his head was lowered, his feature journey does not look as promising as he heard in other stories, and he was just riding his horse to his dream land.

Conclusion: A sad story which teaches us how a graph can reveal us the feature, the feature of our Account Balance and the feature of our investments. If you will look again at the graph you will see that the 25% Drawdown in the beginning is a red flag which can tell us that if we not protect our many we will see a very big loss, and even if it’s potential is impressive – 96% return in 6 months (this is what happened on last part of the graph) from $2,500 to $4,900, we should be ready to lose 80% of the money we hard earned in only 1 month – or even faster (all depends on the “dark forces” – in our case a bad money management protection inside EA). This is not at all suitable for me and the money EAs are in charge of.

Every time you will see such an impressive return – just ask yourself what is the Drawdown you am ready to face in the battle with “dark forces”.

Forex Night Rider – a classic example of high returns using extra high risks – and typically any ea which has 10:1 risk reward ratio could end up the same if the protection is not ensured properly. From my side this EA Failed !!!

PS: Keep up your chin – this is why I am here to protect you from “dark forces” J and tomorrow I will be updating you on our leader board.

All the Best

Tudor

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