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  4. doji ea - someone posted a myfxbook, looks too smooth

doji ea - someone posted a myfxbook, looks too smooth

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  • S Offline
    S Offline
    shadowpilot
    wrote last edited by
    #1

    guy in another group shared a doji ea myfxbook, equity curve is a perfect 45 degree line up. no drawdown basically. thats the part that worries me, real trading has drawdown. a curve that smooth usually means martingale hiding the losers in floating dd. can someone who knows look at this pattern

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    • F Offline
      F Offline
      fadedlights
      wrote last edited by
      #2

      youre right to be suspicious. check the OPEN trades and the floating drawdown on that myfxbook, not just the closed equity line. martingale/grid bots show a beautiful closed curve while carrying a pile of underwater open trades. if floating dd spikes huge periodically, the smooth line is a lie waiting to break

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      • A Offline
        A Offline
        asherwood
        wrote last edited by
        #3

        also look at the 'max drawdown' stat and whether the account uses crazy leverage. smooth curve + low closed dd + high leverage + no track record before a certain date = curve fit or martingale almost always. and check if its a real or demo account, myfxbook shows that

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        • C Offline
          C Offline
          cameronv
          wrote last edited by
          #4

          perfect 45 degree line = martingale that hasnt died yet. screenshot it now cause the curve wont look like that next month

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          • C Offline
            C Offline
            coldvision
            wrote last edited by
            #5

            wait how do i see floating drawdown on myfxbook, i only see the green line

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            • P Offline
              P Offline
              parkerlee
              wrote last edited by
              #6

              open the 'open trades' tab and look at the history of floating P/L if its shared. also the drawdown chart (not the balance chart). if they only shared the balance view and hid open trades + drawdown, thats deliberate, ask for the full link

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              • L Offline
                L Offline
                Leo
                wrote last edited by
                #7

                checked, floating dd is massive. martingale confirmed. dodged it

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