Pulling out your initial deposot (about $10 in your cent account) as soon as possible and some more profits ($30 so far) is wise when trading high risk. Unfortunately, you can't retroactively apply this to new clients. If they join just before a deep drawdown, logic and intelligence says they could lose a significant part of their initial investment before getting an opportinity to make a withdrawal.
Of course, what no one but you knows is how exactly how many accounts you opened with $10 before putting one on display. I do see a pair of recent ones that ended badly.
https://www.myfxbook.com/members/flok/vranjevcan/10055358
ran from March 7 to April 18th and ended 98% down. Before that, it only made it up 6.95% before spiralling downward towards doom.
And an earlier one is:
https://www.myfxbook.com/members/flok/experteurchf/9961901
ran from January 22 to March 9. It started well, but ended 99.0% down. You did reach 118.29% before it crashed. I guess your logic and intelligence had a higher targer in mind for pulling out the intiial deposit. Too bad that you didn't grab that initial deposit back before a quick string of bad trades took the account down to -87.23%, followed by grinding the balance all the way down into a smoking crater of -99.9% failed risk management.
What scares me about this is that I see some very small deposits scattered among the trades you were making. I get the feeling that you were probably collecting IB commissions as the EA wiped out your clients.
So, although your current account is doing impressively well (for now), your known track record does not inspire confidence that you have learned much more about risk management than
withdraw profits early and often.
Since you are opening small accounts, this leaves the question of whether or not there were other accounts either removed from MyFxBook or else never connected to MyFxBook. Did you have earlier accounts on MyFxBook? If so, why did you stop sharing the results?
So, although you are doing well at the moment, any client joining will pay you IB fees even if your current MyFxBook account crashes and burns a few days later. Based on 2 of 3 known accounts crashing as well as 3 very significant drawdowns (one over 45%) in the current account, I personally recommend that no one sign up until this current EA shows what it can do over a significantly longer period of time.
Remember, logic and intelligence says that the return ON your money is important, but that the return OF your money is far more important. Simple math says that if you hit a 50% drawdown, you will need a 100% gain afterwards to get back to where you were. If you hit a 90% drawdown, you will need a 1000% gain just to get back to pre-drawdown levels.
On the other hand, if you can restrain your bot's enthusiasm by using smaller lot sizes and a tighter hard stoploss (You are using a hard stop, right?), this will cut back some on the profits, but will go a long way towards trimming back those drawdowns. Add in a way for traders to pay without rewarding you for bad trades and run it for 6+ months to prove its stabililty and you might end up creating a decent product to promote.
