Guys , sorry but i dont understand your worries about hard exit becouse you can set that yourself with personal risk appetite you dont need the trader to do that. You dont trust him enough so put a 10 % hard exit on the copier and if it gets hit than within a month or so you recover. Or cancel and move on.
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A signal provider should ALWAYS update myfxbook every 5 minutes. If not question why. Especially bad when if it's in drawdown and it's not updating. It can be coincidence as he didn't update with changing VPS but actually it shouldn't affect it. Anyways watching keenly! Signal looks good, this is interesting goings on though. I'm on sidelines for now. Keen to watch next couple months
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Originally posted by EricB View PostI lowered it because I didn't want to go above what PIG was trading
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My account could have handled it if he didnt open so many trades i never seen that many trades by don before. well some how simpletrader ea messed up last before 12 midnight didnt exit trades or get new trades soon.as i fixed it bam another 200 gone $-716 thanks don. Back to micro lots again.
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Funny again. Between here and Social Club, this forum very funny..
He runs risk 23 and is astonished he blowed...
For others, with 10% per month, don't be astonished if a day you see 20, 30, or 100% DD.
Hopefully the martingal is quite clever but who knows.
Thanks Don for bringing this system.
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Originally posted by EricB View PostMy account could have handled it if he didnt open so many trades i never seen that many trades by don before. well some how simpletrader ea messed up last before 12 midnight didnt exit trades or get new trades soon.as i fixed it bam another 200 gone $-716 thanks don. Back to micro lots again.
Your account could not have handled it.
Attached screen shot shows open trades (at time of this post).
Current DD on the Master Account is 6%
If you are running at 23x risk, your theoretical drawdown would currently be 138%
PIG.png
This is not a problem with the system, but your understanding of it.
Grid systems by their nature open lots of trades if the market goes strongly against them, that is why they are so dangerous.
Increasing the lot size (martingale) as the market moves against the positions just increases the problem.
I like you Eric, but you do some crazy things!!
"Risk comes from not knowing what you're doing" (Warren Buffett)
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Screenshot 21:08:15.jpg
Did any one get crazy slippage on EURGBP last night.
Im with ICM with a GBP account, on a Simple trader VPS.
Any feed back would me good to see if the issue is on my end or not
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Originally posted by Big River Man View PostA signal provider should ALWAYS update myfxbook every 5 minutes. If not question why. Especially bad when if it's in drawdown and it's not updating. It can be coincidence as he didn't update with changing VPS but actually it shouldn't affect it. Anyways watching keenly! Signal looks good, this is interesting goings on though. I'm on sidelines for now. Keen to watch next couple months
simpletraders interface shows it wrong = not the actual.
myfxbook would show it but its not updating for the above mentioned reasons
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The stopping of myfxbook to lower the reported DD is a massive red flag for me, transparency is what I want and that just comes across as shady
It's a shame as I do honestly like the look of this signal ☺
And Eric, your back.. ☺
Sent from my SM-N910F using Tapatalk
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EricB, Dont you think running 17 times risk will whipe ur account soon or later ? Max drawdown is 10%, Atleast that is what he tells us (Hes currently at 17% Drawdown) at 1x Risk. Do the calculations, 17x 17% = 289% You blown ur account 3 times over... Ive blown my account also alot becouse of this shitty spikes of EUR/USD.
And that is what you get with a Grid system. I also had to take some losses today and yesterday. But my account is still standing in 30% Drawndown. (2 times risk).
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