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  • VictorTous
    replied
    Originally posted by Big River Man View Post
    As an example, I have AUD account:

    When I copy Trade Alerter I use risk = 1 (master is in AUD)
    When I copy Smart Trader I use risk = 0.93 (master is in USD) AU = 0.9290 now

    If I were to copy a EUR master then I would use risk = 1.49 --> EA is now 1.4920

    Leave a comment:


  • Big River Man
    replied
    Yes, so you have either been risking too much! Or inadvertently been cautious, hopefully for you it was the latter

    Leave a comment:


  • Okda
    replied
    Ok thanks, it seems I got it the opposite way since the start

    Sent from my GT-N7000 using Tapatalk

    Leave a comment:


  • Big River Man
    replied
    Nope. You have it the opposite way around to the examples above.

    Leave a comment:


  • Okda
    replied
    BRM
    Isn't by default 1x risk on a eur account will be in reality 1.38 if the master is USD?
    I mean that if he sets his risk at 1x this will be as if he is using USD account at 1.38?
    So for him to use an equivalent 1x risk on his eur account he needs to use a risk equal to 1/1.38

    Sent from my GT-N7000 using Tapatalk

    Leave a comment:


  • Pianetti
    replied
    Thank you for exhaustive explanation guys, but there is some which still don't convince me here, perhaps Smart Scalper is not the best example.
    look here another account:
    my account (EUR):
    a.png
    provider account (AUD)
    b.png
    here last week, same broker, exact same trades but half gain and only 10% less DD, shouldn't the DD follow the gain?

    PS: BRM I like your foresight
    Originally posted by Big River Man View Post
    You should then of course every 2 weeks or so change your risk setting, so in 2 week when the EU is down to 1.3620 you should change your risk to = 1.36

    Leave a comment:


  • Okda
    replied
    Originally posted by Mario Draghi View Post
    Thats a bit harsh isn't it!

    I thought we are all here to help each other and discuss things in a grown up way, I don't see wishing someone to lose all their money is a good contribution to this thread or is in the spirit of helping each other.

    I have nothing against you Okda in fact I think you are a great guy, but this kind of talk isn't very productive.
    Is calling my way in trying to help "blah" productive from your point of view?

    Sent from my GT-N7000 using Tapatalk

    Leave a comment:


  • Big River Man
    replied
    Originally posted by nice1 View Post
    Hi pearcey2,

    What you're saying would be true *if* SimpleTrader included an account currency ratio in its slave account lot size calculation (as do other signal services like mql5 and myfxbook autotrade). But it doesn't do that. Subscribers have to adjust their risk factor accordingly when the slave and master accounts have different currencies. See the following note from the ST wiki (https://www.simpletrader.net/wiki.php?do=view&id=18):

    "Note Risk Multiplier considers the balances as unit amounts not by currency therefore if your Master and Slave are different currencies you need factor this in to the calculation."

    You can see why an adjustment in risk factor is required when considering the following example:

    Master account $10,000 USD
    Subscriber account is 10,000 EUR with risk = 1
    Lets assume the master enters an AUD/USD trade at 0.5 lots. With a risk factor of 1, ST will calculate a matching lot size of 0.5 lots given the same account balance (in unit amounts.). Assume the trade closes with 100 pips earned on both accounts. Trade profit in USD = 0.5 x $100,000 x 100/10,000 = $500 USD. This is a 5% gain for the master, but when converted to EUR to be credited to the sub's account, its only about 361 EUR (assuming the current rate for EUR/USD = 1.3836), or a 3.61% profit. Same account balance in units, same lot size, same pips gained, but different % gain.

    For the sub get the same % gain as the master, they need to set the risk to the exchange rate of the sub/master account currencies (1.38 in the above example).

    Hope this helps. Feel free to chime in anyone if you can spot a hole in my calculations ...
    Looks like we were typing at the same time.....your calculations are correct. And also Pianetti don't forget to put a max lot size limit too just in case you make a big mistake and put risk = 13.80....

    Leave a comment:


  • Big River Man
    replied
    See here.
    https://www.simpletrader.net/wiki.php?do=view&id=18

    What you want to do is replicate the EXACT same risk as the master. You can ONLY do this by making your own formula if your account is in a different currency. You can easily make this formula in Excel or Google Drive.

    But as an example I have AUD account.

    When I copy Trade Alerter I use risk = 1 (master is in AUD)
    When I copy Smart Trader I use risk = 0.93 (master is in USD) AU = 0.9290 now

    If I were to copy a EUR master then I would use risk = 1.49 --> EA is now 1.4920

    So in your case Pianetti you should use risk = 1.38 --> (because EU is 1.3833 now)

    You should then of course every 2 weeks or so change your risk setting, so in 2 week when the EU is down to 1.3620 you should change your risk to = 1.36

    Capisce?

    Leave a comment:


  • nice1
    replied
    Hi pearcey2,

    What you're saying would be true *if* SimpleTrader included an account currency ratio in its slave account lot size calculation (as do other signal services like mql5 and myfxbook autotrade). But it doesn't do that. Subscribers have to adjust their risk factor accordingly when the slave and master accounts have different currencies. See the following note from the ST wiki (https://www.simpletrader.net/wiki.php?do=view&id=18):

    "Note Risk Multiplier considers the balances as unit amounts not by currency therefore if your Master and Slave are different currencies you need factor this in to the calculation."

    You can see why an adjustment in risk factor is required when considering the following example:

    Master account $10,000 USD
    Subscriber account is 10,000 EUR with risk = 1
    Lets assume the master enters an AUD/USD trade at 0.5 lots. With a risk factor of 1, ST will calculate a matching lot size of 0.5 lots given the same account balance (in unit amounts.). Assume the trade closes with 100 pips earned on both accounts. Trade profit in USD = 0.5 x $100,000 x 100/10,000 = $500 USD. This is a 5% gain for the master, but when converted to EUR to be credited to the sub's account, its only about 361 EUR (assuming the current rate for EUR/USD = 1.3836), or a 3.61% profit. Same account balance in units, same lot size, same pips gained, but different % gain.

    For the sub get the same % gain as the master, they need to set the risk to the exchange rate of the sub/master account currencies (1.38 in the above example).

    Hope this helps. Feel free to chime in anyone if you can spot a hole in my calculations ...


    Originally posted by pearcey2 View Post
    No he was talking about % profit not $ profit. If using 1x risk, for the same pips, % profit should be the same as the master regardless of account currency

    Sent from my Nexus 5 using Tapatalk

    Leave a comment:


  • EricB
    replied
    Originally posted by Okda View Post
    Eric,
    I really hope you loose all your money and leave this forum, it will be a much better place

    I really petty everyone around you

    Sorry for off-topic
    You do the one thing you do best on these forums, posting on every forum replying to every thing as if you are all knowing about everything and know how to solve everyone's problems.
    Although I'm sure it's all in good intentions but your postings are like me "annoying."

    Thanks For the best wishes!!!

    Leave a comment:


  • pearcey2
    replied
    Originally posted by Okda View Post
    Ah, then this might be that he is using available equity for his risk management not account balance. Right?

    Sent from my GT-N7000 using Tapatalk
    It shouldn't make a difference at 1x unless there are multiple signals running on the account. If that's the case then the results will rarely be exactly the same

    Leave a comment:


  • Guest's Avatar
    Guest replied
    Originally posted by Okda View Post
    Eric,
    I really hope you loose all your money and leave this forum, it will be a much better place

    I really petty everyone around you

    Sorry for off-topic
    Thats a bit harsh isn't it!

    I thought we are all here to help each other and discuss things in a grown up way, I don't see wishing someone to lose all their money is a good contribution to this thread or is in the spirit of helping each other.

    I have nothing against you Okda in fact I think you are a great guy, but this kind of talk isn't very productive.
    Last edited by Mario Draghi; 04-27-2014, 01:42 AM.

    Leave a comment:


  • Okda
    replied
    Ah, then this might be that he is using available equity for his risk management not account balance. Right?

    Sent from my GT-N7000 using Tapatalk

    Leave a comment:


  • pearcey2
    replied
    No he was talking about % profit not $ profit. If using 1x risk, for the same pips, % profit should be the same as the master regardless of account currency

    Sent from my Nexus 5 using Tapatalk

    Leave a comment:

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