If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
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
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?
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.
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.
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.
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..."
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?
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.
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
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.
Leave a comment: