Originally posted by nice1
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Originally posted by Mario Draghi View PostThats 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.
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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 PostYou 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
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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
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Originally posted by Big River Man View PostAs 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
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On the topic of account currency, it would be wunderbar if there was a currency 'helper' in the signal risk tab page.
It would be good if there were 2 currency drop downs, so you could select both:
- signal account base currency
- my account base currency
As the risk multipler assumes both signal and trader accounts are in USD.
But it would be nice to have some sort of calculator as a guide only, to help us calculate risk if the trader account is in EUR and my account is in AUD for example.
Will - is this something on the roadmap?
( after cTrader of course though )
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BRM,
According to your logic and what you said previously, in order to have equal 1x risk with your personal AUD account:
If the master is in USD, you choose 0.93x risk because 1AUD = 0.93USD
... and:
If the master is in EUR, you would need to chose 0.69x risk because 1AUD = 0.69EUR (more expensive than USD).
... but you're telling me the contrary.
Also, if Pianetti have his account in EUR, and while following a master in USD he was getting less percentage gains having it at 1x risk, it would mean he needs to increase the risk to 1.34 because 1EUR = 1.34USD (as it has been stated and agreed both by you and Pearcy)... So if the master was in EUR and the follower one in USD, the risk would need to be 0.75 because 1USD = 0.75EUR.
And you are telling me just the opposite with your AUD example.
"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"
That is right.
"If I were to copy a EUR master then I would use risk = 1.49 --> EA is now 1.4920"
That's wrong.
"So in your case Pianetti you should use risk = 1.38 --> (because EU is 1.3833 now)"
That's right because his personal account is in EUR and the master in USD. But if his personal account was in USD and the master in EUR, it would need to be 0.75x. The same as your account being in AUD, it would need to be at 0.69x in order to follow an EUR master with 100% risk.
What am I missing?
Originally posted by Big River Man View PostWhen I want 100% risk I use 1.49 for a Euro master on my AUD account.
Sent from Uranus
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The way I think of it is that, to keep 1:1 parity with a USD master account (mine being GBP). I need to enter the GBPUSD rate into the risk multiplier. So for a EUR master, I'd have to enter the GBPEUR rate.
Whichever the combo, your account needs to be the first currency, then the master as the second currency. That rate is the rate you need in the risk box.
Also, this used to be in the ST user manual, but has now been taken out, wondering if Will can take a look at it?
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Yeah man I'm with Cold. Nick said he would look into it in an earlier post on day fox thread.
I ran a test to compare day fox master trades to mine to compare the % with my setting risk @ .72
However the master account has all of it closed trades hidden, so I can't compare the % difference, however I believe this is right. That is the risk that I am setting from now on
MINE:MASTER = AUDEUR = 1/1.445 = 0.69 (this week) - will change the risk every 2 weeks as the exchange rate changes, same as I do for the USD master signals.
Hopefully this helps.
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