Just because we got margin called by mistake doesn't mean that everyone else has to have their accounts decimated by the closed trades. I have another account with axi that wasn't MC and if he believes he can trade out of it then just leave him be. I have already opened my own trades, I will manage it myself and partially close if and when you advise. I even hope to get a better price maybe who knows. But it doesn't matter, we 9000 pips down missing or gaining 100 on partial close won't make much difference.
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Originally posted by Big River Man View PostJust because we got margin called by mistake doesn't mean that everyone else has to have their accounts decimated by the closed trades.
The EA copier remembers that the old trades were closed by fake margin call therefore I can confirm that it doesn't open them again
Will: what can we do?
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I have a pretty good confidence that Smart Trader will be able to do the right thing and get the account back in shape. I have restarted the signal (with the trades still open which were copied to my account a a lot better price).
if the high probability trades he spoke of earlier can be used to maybe close out partials of the open trades in draw down or similar we have a good chance to recover. After all, he has a very good track history (before the SNB shock). So I trust him.
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Originally posted by BMM View Postthe equity account is already decimated, it just a balance (psicologic) matter, by the way I hope that simpletrader team could find a way to manage this unusual situation
The EA copier remembers that the old trades were closed by fake margin call therefore I can confirm that it doesn't open them again
Will: what can we do?
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Hey Guys,
Starting from next week, this is my plan.
I am going to introduce manual trade basket risking 3-5% in a basket with a strict stoploss, in each basket i will have a max of 3 trades with 1:1 risk reward. Say if i have a basket risking 5% of the account and expecting 5% profit, if we get 5% profit, i will reduce the existing NZDCHF and USDCHF by that much value, meaning by booking 5% profit with the new basket, i will take 5% loss with the existing trades. As we are already above 40% DD, margin of error is very low for me and i got to win at least the first 2 baskets without taking losses. so i will be extremely careful and open high probability trades only.
Lets hope we will reduce the DD below 20% soonerTrade the market, not the trader
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