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SmartTrader , I hope that you will stick with that 10% max loss for one pair ! EURNZD that you closed on Nov 1st at 16.18 ( 4 positions ) was at some point in 33% DD and most of us are not ready for that kind of DD .
SmartTrader , I hope that you will stick with that 10% max loss for one pair ! EURNZD that you closed on Nov 1st at 16.18 ( 4 positions ) was at some point in 33% DD and most of us are not ready for that kind of DD .
If you follwed this thread, you would have understood what 33% means. The master account has only 100+$, but minimum requirement is 200(250 is good), so for this amount i stick to the 20% max DD. Please set your risk at 0.5x then you will get a max of 20% for two pair basket. so essentially it means i got 17.5% DD which is half of 33%.
He did not understand properly so i sent the question again. Backtests, i am a bit busy. takes time. I will put here once i am done with them.
Send him a screenshot and when he still don't understand than its time to move on to another, more trustworthy broker (what you should do anyway, bc for me its obvious they did heavily manipulate the price)
Looking forward to the BT
If you follwed this thread, you would have understood what 33% means. The master account has only 100+$, but minimum requirement is 200(250 is good), so for this amount i stick to the 20% max DD. Please set your risk at 0.5x then you will get a max of 20% for two pair basket. so essentially it means i got 17.5% DD which is half of 33%.
Vijay,
but if you got 17.5% DD on those 4 EURNZD open trades, this means that you did exceed your stated rule of max 10% DD for one pair, correct?
but if you got 17.5% DD on those 4 EURNZD open trades, this means that you did exceed your stated rule of max 10% DD for one pair, correct?
Or I'm missing something?
Please, explain, thank you.
Fabio
It is indeed very hard to explain everything to everyone. It was my own account and no one was following me, why would bother to follow 10% rule? It was infact the last weekend, i sat with charts and figured out where to put the SL and how to fix the DD at certain level, now i have subs, i have responsibilities, so i have fixed the DD at 10% and 20%.
It is indeed very hard to explain everything to everyone. It was my own account and no one was following me, why would bother to follow 10% rule? It was infact the last weekend, i sat with charts and figured out where to put the SL and how to fix the DD at certain level, now i have subs, i have responsibilities, so i have fixed the DD at 10% and 20%.
Ok, now it's clear, but what you said also means that the trades you got since last 22nd of Oct (when master account started trading this new system), they were taken without applying the actual 10 and 20% overall DD rule (and maybe even someone else), so, that account is not so reliable to show past results of this scalper system, assuming the trading rules have changed now (and this could make a huge difference on final performance result).
Again, looking forward to see a good 99% backtest with all current rules applied.
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