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  • #41,121
  • Aug 23, 2024 5:56pm Aug 23, 2024 5:56pm
Quoting TrAndy1
This is also how the hedge fund traders are doing it. On every new year when there is a new count, they start very small, until they made some profits and then go with greater risks, but only risking the previous profits. That grows exponentially on each win trade or win trade series. This is the way how they get extreme low drawdowns but then making great returns at the end of year. All what counts here that the drawdown from the starting point is minimal. And not the drawdown from profits made within trades or within a trade if you scale...
I can guarantee this is not something professional hedge fund traders do.

Idiot.
Trade with confidence, trade without fear.
  • #41,122
  • Aug 23, 2024 6:02pm Aug 23, 2024 6:02pm
Quoting TrAndy1
This is also how the hedge fund traders are doing it. On every new year when there is a new count, they start very small, until they made some profits and then go with greater risks, but only risking the previous profits. That grows exponentially on each win trade or win trade series. This is the way how they get extreme low drawdowns but then making great returns at the end of year. All what counts here that the drawdown from the starting point is minimal. And not the drawdown from profits made within trades or within a trade if you scale into...
that is what only the bad hedge fund manager do, who dont have good systems and are lets say "little unexperienced and not sure with their trading style or trading behavior". you let so much money on the street with this kind of trading, that you dont do this any more after you are good , experienced and consistent (!) in trading. you start big and get bigger (until your strategies cant go bigger any more by structure and math, then you need to add other strategies when you want get bigger), that is the goal.
  • #41,123
  • Aug 23, 2024 6:16pm Aug 23, 2024 6:16pm
Quoting Trader191
{quote} that is what only the bad hedge fund manager do, who dont have good systems and are lets say "little unexperienced and not sure with their trading style or trading behavior". you let so much money on the street with this kind of trading, that you dont do this any more after you are good , experienced and consistent (!) in trading. you start big and get bigger (until your strategies cant go bigger any more by structure and math, then you need to add other strategies when you want get bigger), that is the goal.
You are right for certain funds. I cannot speak for all hedge funds. They are too different, there are so many. I am only speaking for a certain part of this industry.

I mean, if you are talking about the very best of hedge funds at all in the world which are just 10 or 20 funds or so in number of 10000 hedge funds available, they are simply playing in a different league. They are so proficient in all what they do and they are hiring so exceptional people in hard sience, most cannot compete with. I do not know in details how they are operating and how their edges do work. I can only assume a bit here and there. It is also a closed shop, there is simply much more money available than what very good strategies can carry. The high sharpe strategies have a certain limit what money amount the can handle as you say and then they need to diversify to more strats so they can handle more money. But there is always a limit, otherwise the returns would go down a lot and risk would grow further with taking more money. So it is very hard for anyone, even you have all the money, that you need to be famous VIP or celebrity to get into those hedge funds as investor.
  • #41,124
  • Aug 23, 2024 6:26pm Aug 23, 2024 6:26pm
Just to name a few world leading hedge funds to name them. The hedge fund from George Soros, as one of the most successful investor/trader invests since decades only his own money. Also Jim Simons and his crew, did invest only their own $10 billion into their very famous Rentec Medallion hedge fund. It is simply closed shop.
  • #41,125
  • Aug 23, 2024 6:30pm Aug 23, 2024 6:30pm
Quoting Trader191
{quote} that is what only the bad hedge fund manager do, who dont have good systems and are lets say "little unexperienced and not sure with their trading style or trading behavior". you let so much money on the street with this kind of trading, that you dont do this any more after you are good , experienced and consistent (!) in trading. you start big and get bigger (until your strategies cant go bigger any more by structure and math, then you need to add other strategies when you want get bigger), that is the goal.
Was also talking about TRADERS and NOT MANAGERS. They are totally different in the hedge fund industry. I have only insights and experience as a trader there.
What I can say for sure, in one way you will start small as a trader regardless of anything. The situation for a manager is different, he needs strats and diversification.
  • #41,126
  • Aug 23, 2024 6:43pm Aug 23, 2024 6:43pm
stop eating the mushrooms please.
  • #41,127
  • Aug 23, 2024 7:12pm Aug 23, 2024 7:12pm
hi guys,

anyone giving demo practice on futures trading thro Tradovate ?
Intraday only.
  • #41,128
  • Edited 8:45pm Aug 23, 2024 8:08pm | Edited 8:45pm
Quoting pipmaster77
May actually call it a month, second allocation locked in, next 2 months are paid for with this month's profits. I'd need to take significant risk to get to next level of allocation. {image} {image}
A good proof of trades journey and consistency month after month, great work, Pip. Some of you are indeed very good traders.

Quoting navk
or this one ? {image}
Your D-Leverage average exceed 9.75, your current risk ratio 0.71 (below 1). Still using too much risk according to Darwinex risk engine. In the last two months here, if I look at the D-Leverage records, perhaps the most consistent ones are Pip and Sheva. The most important metric for measuring risk in Darwinex is ultimately the Current Risk Ratio (VaR Ratio). Below 1 not good, 1 is normal, above 1 is good. Range from 0 to 2.

Quote
"VaR Ratio" is the leverage ratio between a DARWIN and an underlying strategy.
For instance, if the VaR Ratio is 2, it means that the DARWIN is trading with leverage of 2 times higher than the underlying trading strategy. On the other hand, if the VaR Ratio is 0.5, it means that the DARWIN is trading with half the leverage when compared with the underlying trading strategy.

https://www.forexfactory.com/sheva89
https://www.forexfactory.com/pipmaster77
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,129
  • Aug 23, 2024 8:10pm Aug 23, 2024 8:10pm
Quoting navk
hi guys, anyone giving demo practice on futures trading thro Tradovate ?
Tradovate does
Trade with confidence, trade without fear.
  • #41,130
  • Aug 23, 2024 8:47pm Aug 23, 2024 8:47pm
Quoting Cryptosurf
{quote} Tradovate does
Yeah, I saw it and i just signed up for 14 day demo.

Few questions :

1 ) I see a very few instruments being offered for trading. see the picture.

How do i see what instruments offered for trading ? FX offered ?

2 ) I see only mini contract can be placed. Probably in demo, only mini contract only can be placed ? No mocro ?
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Intraday only.
  • #41,131
  • Aug 23, 2024 8:51pm Aug 23, 2024 8:51pm
Quoting RoelsMajor
{quote} A good proof of trades journey and consistency month after month, great work, Pip. Some of you are indeed very good traders. {quote} Your D-Leverage average exceed 9.75, your current risk ratio 0.71 (below 1). Still using too much risk according to Darwinex risk engine. In the last two months here, if I look at the D-Leverage records, perhaps the most consistent ones are Pip and Sheva. The most important metric for measuring risk in Darwinex is ultimately the Current Risk Ratio (VaR Ratio). Below 1 not good, 1 is normal, above...
I see today, one has to make profit with good R ; R for darwin index to jump.

My risk ratio is set at 0.71. What is the way to reduce ?
Intraday only.
  • #41,132
  • Aug 23, 2024 8:57pm Aug 23, 2024 8:57pm
Quoting navk
{quote} I see today, one has to make profit with good R ; R for darwin index to jump. My risk ratio is set at 0.71. What is the way to reduce ?
In your case, it should be the way to increase. Strict and rigid rules are needed. Many people say psychology plays a role, but for me, it doesn't; there's no connection at all. A little maybe (in science). Ones can make 10% a day, but what about risk?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,133
  • Aug 23, 2024 9:09pm Aug 23, 2024 9:09pm
Quoting RoelsMajor
{quote} In your case, it should be the way to increase. Strict and rigid rules are needed. Many people say psychology plays a role, but for me, it doesn't; there's no connection at all. A little maybe (in science). Ones can make 10% a day, but what about risk?
What i did today was terrible.

I took loss of more than 4 k by doing revenge trading.

The index dipped to 58.

However, I did again do or die trading in accurate manner and made excellent profits. The index jumped to 64 from 58.

The risk factor remains same 0.71

In my mt4 account, the balance reduced to 96 k.

At the end of the day, the balance is 104.5 k
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Intraday only.
  • #41,134
  • Aug 23, 2024 9:15pm Aug 23, 2024 9:15pm
Quoting navk
{quote} What i did today was terrible. I took loss of more than 4 k by doing revenge trading. The index dipped to 58. However, I did again do or die trading in accurate manner and made excellent profits. The index jumped to 64 from 58. The risk factor remains same 0.71 In my mt4 account, the balance reduced to 96 k. At the end of the day, the balance is 104.5 k {image}
Risk factor will be adjusted, Darwinex tract your 45 trading days average VAR Ratio.
Lower D-Leverage means Increase VAR Ratio. Overlimit (Higher) D-Leverage means Lower VAR Ratio.

Quote
As a reference period and, in order to evaluate the signal account's value at risk (VaR), the algorithm uses the last 45 days in which the trader has remained exposed to the market.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,135
  • Aug 23, 2024 9:22pm Aug 23, 2024 9:22pm
Quoting RoelsMajor
{quote} Risk factor will be adjusted, Darwinex tract your 45 trading days average VAR Ratio. Lower D-Leverage means Increase VAR Ratio. Overlimit (Higher) D-Leverage means Lower VAR Ratio. {quote}
If one does a regular profit of 300 to 500 dollars in mt4 account, the index steadily rises.

Bigger profit, makes index to jump.
Intraday only.
  • #41,136
  • Aug 23, 2024 9:27pm Aug 23, 2024 9:27pm
Having said, I want to trade in my own way and see how darwin risk engine behaves.

19 + 38 euros i pay for 2 months. For learning

Experience is best way to learn.
Intraday only.
  • #41,137
  • Aug 23, 2024 9:35pm Aug 23, 2024 9:35pm
Quoting navk
{quote} What i did today was terrible. I took loss of more than 4 k by doing revenge trading. The index dipped to 58. However, I did again do or die trading in accurate manner and made excellent profits. The index jumped to 64 from 58. The risk factor remains same 0.71 {image}
Can't revenge trade with Darwinex....it will punish you, your risk engine will drop. I would suggest (if you haven't already) to diversify your trading.
I trade a personal futures account, Darwinex and have Apex (multiple accounts) and TakeProfitTrader (new, still in eval, 50% done).
Darwinex, I aim for $2-3K daily on a million dollar signal account, it is 0.2%-0.3%. I trade 2 minis on YM, 1 on NAS and 1 on ES.....tiny relative to million dollar account. I average 7-8 trades daily...aiming for $500-600 per.......book profit, re-eneter, repeat. If a strong trend day, I'll let 'em run with stops at +BE. Great thing about Darwinex (unlike the props)...there are no rules, no trailing DD, no consistency.....
Props are more high risk, which for me is still taking 10-15 days to pass.....I may YOLO one here and there, but I just aim for $200-300 per day in evals and even smaller once funded. I love CableJ approach, where risk is based on remaining trail. Every trade with prop is 10% risk of remaining trail, risk of ruin is still much greater than 10 though because that 10% is always a new number after each trade. Once live and passed the buffer, trade normally.
Point I am getting at is each segment (Darwin, personal and props) has it's own daily goal and max loss (set by me)......once either is hit that particular platform is closed for the day....if max loss is hit on prop, perhaps I'll find a good set-up on personal or Darwin, there is no revenge trading.
Back in the day, when I would review my month, there were always 1-2 days, sometimes more, where I'd say......Man, could have had a great month had I just stopped trading that day....giving back 3-4 days of profit back in one day SUCKS. I simply refuse to do it. Market will be here tomorrow.
  • #41,138
  • Edited 9:53pm Aug 23, 2024 9:41pm | Edited 9:53pm
Quoting navk
{quote} If one does a regular profit of 300 to 500 dollars in mt4 account, the index steadily rises. Bigger profit, makes index to jump.
Your quote is simply your all time (risk engine adjusted) profit. Mine is 109.10 as I have made 9.1% all time.
Your score (what you need for allocation) is based on current month return, cumulative previous 5 months and max all time DD.
DD is calculated from ATH, not beginning balance.

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  • #41,139
  • Aug 23, 2024 9:48pm Aug 23, 2024 9:48pm
Quoting navk
Having said, I want to trade in my own way and see how darwin risk engine behaves. 19 + 38 euros i pay for 2 months. For learning Experience is best way to learn.
Absolutely. Trade normally and see if Darwin is a fit for you. It may not be. If you're a successful trader, I wouldn't change things to make it fit what Darwin is looking for. Personally, this is a perfect fit for how I trade. I had to come out of my risk comfort zone to be successful with the props. This is way more my style. Some people are opposite. However, sometimes just a tweek of scaling back size is all that is required.
Keep in mind as far as cost, 1% on the minimum 30K allocation covers your subscription.
  • #41,140
  • Aug 23, 2024 9:49pm Aug 23, 2024 9:49pm
Quoting pipmaster77
{quote} Can't revenge trade with Darwinex....it will punish you, your risk engine will drop. I would suggest (if you haven't already) to diversify your trading. I trade a personal futures account, Darwinex and have Apex (multiple accounts) and TakeProfitTrader (new, still in eval, 50% done). Darwinex, I aim for $2-3K daily on a million dollar signal account, it is 0.2%-0.3%. I trade 2 minis on YM, 1 on NAS and 1 on ES.....tiny relative to million dollar account. I average 7-8 trades daily...aiming for $500-600 per.......book profit, re-eneter, repeat....
I do Darwinex. And then FXIFY Prop account, doing well there.

And to futures, i am new. Pl reply to my questions of futures above
Intraday only.
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