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  • Big River Man
    replied
    Originally posted by dazz1975 View Post
    Just to understand the control panel. In selecting Steady Capture who has a USD account and for me to follow him with a 1:1 ratio and me being AUD account.
    1. Go to control panel
    2. Select Steady Capture
    3. Go to risk settings.
    4. Select 1x risk.
    5. Select AUD.
    6. Click Confirm.

    So if I follow those steps and there is not much slippage I should get same risk reward as Steady Capture?
    =1.35x risk right now dazz
    Set 0.74 if you want 1x risk

    Leave a comment:


  • dazz1975
    replied
    Just to understand the control panel. In selecting Steady Capture who has a USD account and for me to follow him with a 1:1 ratio and me being AUD account.
    1. Go to control panel
    2. Select Steady Capture
    3. Go to risk settings.
    4. Select 1x risk.
    5. Select AUD.
    6. Click Confirm.

    So if I follow those steps and there is not much slippage I should get same risk reward as Steady Capture?

    Leave a comment:


  • Darth Trader
    replied
    Approx 2%, could have ben closer to 2.8. I am at 1 x also.

    I dont understand the question big river man

    Leave a comment:


  • dazz1975
    replied
    I am not sure how you guys only got 2% loss. I had 2.8% loss on one account and 2.7% on my other account. That was with a risk factor of 1x and I set my currency to my home currency which is AUD.

    Leave a comment:


  • Big River Man
    replied
    Originally posted by Darth Trader View Post
    Any idea why my max lot size got exceeded?
    Are you sure your calculations are correct for your expectations? Have you read a few posts back?

    Leave a comment:


  • Darth Trader
    replied
    Any idea why my max lot size got exceeded?

    Leave a comment:


  • Nick
    replied
    Originally posted by Darth Trader View Post
    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.
    Yes, occasionally he'll place a trade with a much larger lot size if he sees that the probabilities are significantly in his favor.

    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.

    Leave a comment:


  • Darth Trader
    replied
    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.

    Leave a comment:


  • Nick
    replied
    Originally posted by Darth Trader View Post
    How 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.
    They didn't open simultaneously, that's what a partial close looks like. The open time is the same with different close prices.

    A 2% loss isn't nice, but it shouldn't worry you.

    Leave a comment:


  • Darth Trader
    replied
    How 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.

    Leave a comment:


  • Big River Man
    replied
    Originally posted by David_AU View Post
    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.
    I think the most important words in these paragraphs are "sorry I know it's easy to say now..."

    Hindsight is a *****.

    Leave a comment:


  • Nick
    replied
    Originally posted by David_AU View Post
    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.
    Hi David, I'm not sure I agree with your feedback here. A couple of comments:

    - 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?

    Leave a comment:


  • David_AU
    replied
    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.

    Leave a comment:


  • Big River Man
    replied
    Originally posted by Nick View Post
    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.
    Would I be correct in saying that if they go to their analytics page and compare trades then they'll see the difference. I was down 255 pips (not exact) yesterday and only had slippage of 2 pips (not exact) compared to the master. I had just connected steady to a account. First trades lol

    Leave a comment:


  • kmf
    replied
    Originally posted by Nick View Post
    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.
    Thanks for the explanation Nick

    Leave a comment:

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