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Partial closures sometimes create a discrepancy with the pip comparison.
When our copier does a partial close it occasionally splits it into 2 positions as it balances out the trade. So these 2 positions appear as a larger loss due to the pips, however the equity position is the same.
An example:
SteadyCapture does a partial close of 0.5 lots for a 20 pip loss
An identical sized follower account closes the partial in 2 parts of 0.48 and then 0.02, both for a 20 pip loss.
Therefor the follower account loses an additional 20 pips based on the statement, however the equity loss is identical.
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Originally posted by Nick View PostPartial closures sometimes create a discrepancy with the pip comparison.
When our copier does a partial close it occasionally splits it into 2 positions as it balances out the trade. So these 2 positions appear as a larger loss due to the pips, however the equity position is the same.
An example:
SteadyCapture does a partial close of 0.5 lots for a 20 pip loss
An identical sized follower account closes the partial in 2 parts of 0.48 and then 0.02, both for a 20 pip loss.
Therefor the follower account loses an additional 20 pips based on the statement, however the equity loss is identical.
Comment
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Originally posted by Nick View PostPartial closures sometimes create a discrepancy with the pip comparison.
When our copier does a partial close it occasionally splits it into 2 positions as it balances out the trade. So these 2 positions appear as a larger loss due to the pips, however the equity position is the same.
An example:
SteadyCapture does a partial close of 0.5 lots for a 20 pip loss
An identical sized follower account closes the partial in 2 parts of 0.48 and then 0.02, both for a 20 pip loss.
Therefor the follower account loses an additional 20 pips based on the statement, however the equity loss is identical.
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You bought the top right near 1.12 - nice juicy round number that was rejected earlier in the day... Why not reverse when you realised you were wrong... sorry I know this is easy to say now.
It was a shame it didn't work out - perhaps you might consider scaling in on speculative setups - going in heavy on these quick type of trade setups leaves us all really exposed to many things including possible slippage issues.
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Originally posted by David_AU View PostYou bought the top right near 1.12 - nice juicy round number that was rejected earlier in the day... Why not reverse when you realised you were wrong... sorry I know this is easy to say now.
It was a shame it didn't work out - perhaps you might consider scaling in on speculative setups - going in heavy on these quick type of trade setups leaves us all really exposed to many things including possible slippage issues.
- This was on the back of the Greek deal. When those forces are in play a round number means nothing.
- Doesn't it make more sense to exit the position and take stock rather than do a reactionary counter trade?
- He did scale in, and out
- I'm not aware of anyone having major issues with slippage?
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Originally posted by David_AU View PostYou bought the top right near 1.12 - nice juicy round number that was rejected earlier in the day... Why not reverse when you realised you were wrong... sorry I know this is easy to say now.
It was a shame it didn't work out - perhaps you might consider scaling in on speculative setups - going in heavy on these quick type of trade setups leaves us all really exposed to many things including possible slippage issues.
Hindsight is a *****.
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Originally posted by Darth Trader View PostHow did you end up with so many positions opening simultaneously? I set my Risk accordingly but wasn't expecting so many open positions, or a 2% loss.
A 2% loss isn't nice, but it shouldn't worry you.
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Then it must of been an unusually large position opened then? Well, much larger than usual?
Cause I have my risk set so on average my trades with steady are .10 and that trade ended up 1.6 lots, and my max lot size was set to 1.0.
How would that happen Nick?
Loosing 2% wouldn't normally worry me if my risk was dialed up accordingly.Last edited by Darth Trader; 07-14-2015, 05:56 AM.
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Originally posted by Darth Trader View PostThen it must of been an unusually large position opened then? Well, much larger than usual?
Cause I have my risk set so on average my trades with steady are .10 and that trade ended up 1.6 lots, and my max lot size was set to 1.0.
How would that happen Nick?
Loosing 2% wouldn't normally worry me if my risk was dialed up accordingly.
It's not that common, but when the stars align it makes sense to take advantage.
I know with the benefit of hindsight it doesn't look like a great idea, however he's normally correct in similar situations.
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