This guy was came for dayfox recovery ? $ 100k means = good trader?
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Kilimanjaro - Who wants to climb the FX mountain together?
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Quote Originally Posted by Zoli71 View Post
Hi Phil!
Sorry I'm not a native speaker but I get what is the max DD. So can I say that the max DD is 15% in whatever situation happens and beyond that you cut all trades take a break then continue trading?
Yep in general....in extraordinary circumstances I might run it a little more but only marginally
I don't know... but what is the point of making these risk control statements, when most of the traders here simply ignore them?... If I can't believe they will follow their own rules, it's hard to believe all the rest of the hype about these traders.
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Originally posted by jprize View PostI don't know... but what is the point of making these risk control statements, when most of the traders here simply ignore them?
So if you genuinely say that the loss is not his fault what is your point in saying that traders ignore the risk rules?
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Originally posted by Zuttasoxx View PostIf you say this that means the trader himself chose to ignore the rule.. Which blames him..
So if you genuinely say that the loss is not his fault what is your point in saying that traders ignore the risk rules?
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Btw you see the difference between
Both are Axitrader but Kilimanjoro's master account got pushed through to LP
And Nick's Axitrader trader were kept in house.
I don't know if this is a positive or a negative thing but I did notice from previous experience that when they see they could risk to keep your trades in house they'll do it and when you get too profitable they put you through to the LP, mostly this results in a significant performance drop. Also since they don't push everything to LP's they generate less volume with LP's and can get less good fills as one that would push everything to LP's (assuming they make the same volume)
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Originally posted by arkoonVictor, I don't agree, some brokers closed nicely some eurchf SL at -50 pips or so.
Some closed -200, -300
Some closed -7500 due to clear price error.
LPs will take their responsibilities.
But yes if you had no SL and did not try to close, nothing more normal than having a -1500 pips trade in the account And they won't do anything for this.Originally posted by GlockSocksAgain, if you weren't copying the SL, ST still sent the signal to close the trades (or should have). This should be enough to get something done with the tickets we have submitted to our brokers.Originally posted by VictorTous@Arkoon & GlickSocks:
You don't seem to understand. Within a real "A-Book" ECN/STP broker, if there's no liquidity, no part can take the opposite trade in order to close your open positions. It will only happen AFTER the event occur and at the next "best" available price, when there is a working-proper price feed again.
And there're very small chances for things like this: http://www.donnaforex.com/forum/inde...9579#msg329579 to actually happen, in very few cases.
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Hey guys, I've had a chat with Phil this evening about the situation. The reason that he had a new trade open was that he had a pending order, which was triggered while he was asleep. As he got to his trading desk, he has closed that trade out and will not trade until 1st February. He is very keen to stick to the rules that have been laid out, but please take note that the new trade on NZDUSD was simply a triggered pending order while he was asleep.
He is devastated at the loss however he explained to me that he had set his Stop Loss at 1.20030 purposefully above the floor in case of a drop. He believes that the brokers should have filled his trades properly as it was above the floor where there was still liquidity before the crash. This is one of the points we will be taking up with brokers so we recommend mentioning this to them when opening any cases.
As I say, Phil is keen to stick to his trading rules to preserve capital so he will be leaving his trading until the 1st February.
As always he knows he can make it back, and I do believe this so I would be personally recommend hanging on before jumping ship. I know this is easier said than done with the past shocking few months but Phil knows what he is doing, and is going to be a great trader in 2015.
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Originally posted by WillT View PostHey guys, I've had a chat with Phil this evening about the situation. The reason that he had a new trade open was that he had a pending order, which was triggered while he was asleep. As he got to his trading desk, he has closed that trade out and will not trade until 1st February. He is very keen to stick to the rules that have been laid out, but please take note that the new trade on NZDUSD was simply a triggered pending order while he was asleep.
He is devastated at the loss however he explained to me that he had set his Stop Loss at 1.20030 purposefully above the floor in case of a drop. He believes that the brokers should have filled his trades properly as it was above the floor where there was still liquidity before the crash. This is one of the points we will be taking up with brokers so we recommend mentioning this to them when opening any cases.
As I say, Phil is keen to stick to his trading rules to preserve capital so he will be leaving his trading until the 1st February.
As always he knows he can make it back, and I do believe this so I would be personally recommend hanging on before jumping ship. I know this is easier said than done with the past shocking few months but Phil knows what he is doing, and is going to be a great trader in 2015.
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