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darwin discussion

  • #101
  • Aug 31, 2024 5:35am Aug 31, 2024 5:35am
Quoting sheva89
Darwin account 1& 2 update. {image} {image}
//----

they say if your the smartest person in the room, your in the wrong room.....

your doing better than me..... which says, i'm in the right room.......

noticed a while back, your trading style radically changed on 8/6/24...... it became precise...... looking at the entire field of forex..... with targets less than the 60 minute atr...... no doubt there is a well defined and followed set of rules applied to all forex pairs.....

.......h
to trade and code, keep both simple... no call to impress....h
  • #102
  • Aug 31, 2024 6:33pm Aug 31, 2024 6:33pm
Quoting hayseed
{quote} //---- they say if your the smartest person in the room, your in the wrong room..... your doing better than me..... which says, i'm in the right room....... noticed a while back, your trading style radically changed on 8/6/24...... it became precise...... looking at the entire field of forex..... with targets less than the 60 minute atr...... no doubt there is a well defined and followed set of rules applied to all forex pairs..... .......h
At least to be considered successful in Darwinex Zero, we already know the categories:
1. Positive Index (above 100)
2. VaR below 6.5%
3. Current Risk Ratio of 1 or above

So far, I see that only Pip's data matches the category, and Trader #2 Silver August (ATWF). For DarwinIA Silver, I only check the top 10. Other metrics are no longer that important. That is the pure data, non the psychological aspect.
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Meditation All Time Return: 8.9%
  • #103
  • Aug 31, 2024 9:56pm Aug 31, 2024 9:56pm
Quoting RoelsMajor
{quote} At least to be considered successful in Darwinex Zero, we already know the categories: 1. Positive Index (above 100) 2. VaR below 6.5% 3. Current Risk Ratio of 1 or above So far, I see that only Pip's data matches the category, and Trader #2 Silver August (ATWF). For DarwinIA Silver, I only check the top 10. Other metrics are no longer that important. That is the pure data, non the psychological aspect.
Why does your risk ratio need to be higher than 1?
Pride always comes before destruction.... -Proverbs 16:18
  • #104
  • Edited 11:06pm Aug 31, 2024 10:52pm | Edited 11:06pm
Quoting Expo33
{quote} Why does your risk ratio need to be higher than 1?
The Risk Ratio ranges from 0.01 to 2 (this we learned from a previous example of a trader who was penalized with a reduction in the risk ratio down to 0.03 on post https://www.forexfactory.com/thread/...3#post14976853, Sorry this laugh is just trademark funny, not mean to disrespect another trader. I used to think I was the worst example with a risk ratio decreasing to 0.12).

A Risk Ratio of 1 means normal; a trader is taking neither excessive nor insufficient risk (according to Darwin). A VaR Ratio (Risk Ratio) greater than one means a trader is succeeding in managing their trade risk. A VaR Ratio below one means a trader is failing in managing their trade risk.

Quote
In summary, the Risk Engine tolerates changes in VaR up to factor of 2 (up or down) with the objective of better adapt to how the traders manage their risk.
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  • #105
  • Aug 31, 2024 11:11pm Aug 31, 2024 11:11pm
Quoting RoelsMajor
{quote} The Risk Ratio ranges from 0.01 to 2 (this we learned from a previous example of a trader who was penalized with a reduction in the risk ratio down to 0.03 on post https://www.forexfactory.com/thread/...3#post14976853, Sorry this laugh is just trademark funny, not mean to disrespect another trader. I used to think I was the worst example with a risk ratio decreasing to 0.12). A Risk Ratio of 1 means normal; a trader is taking neither excessive nor insufficient risk (according to Darwin)....
My risk ratio is 0.37.

I was likely to get 30k yesterday. My index was 74.88.

However, someone said, on Monday, the Index will be reduced. Let us see how Monday reacts.

Intraday only.
  • #106
  • Aug 31, 2024 11:13pm Aug 31, 2024 11:13pm
Quoting RoelsMajor
{quote} The Risk Ratio ranges from 0.01 to 2 (this we learned from a previous example of a trader who was penalized with a reduction in the risk ratio down to 0.03 on post https://www.forexfactory.com/thread/...3#post14976853, Sorry this laugh is just trademark funny, not mean to disrespect another trader. I used to think I was the worst example with a risk ratio decreasing to 0.12). A Risk Ratio of 1 means normal; a trader is taking neither excessive nor insufficient risk (according to Darwin)....
Ok you spent WAY too much time explaining what we already know without answering the simple question I asked.

If I earn 5% per month for 12 months with a risk ratio of 0.5 then who cares what the risk ratio is at. As long as you have enough leverage to make 3-5% a month it doesn't matter.
Pride always comes before destruction.... -Proverbs 16:18
  • #107
  • Aug 31, 2024 11:21pm Aug 31, 2024 11:21pm
Quoting Expo33
{quote} Ok you spent WAY too much time explaining what we already know without answering the simple question I asked. If I earn 5% per month for 12 months with a risk ratio of 0.5 then who cares what the risk ratio is at. As long as you have enough leverage to make 3-5% a month it doesn't matter.
I'll answer it simply. I learned from you before. You care, don't you? Weren't you the one who taught this in previous posts? Let's say 0.5 is enough for you, but it still means you're under penalty (risk reduction).

Quoting navk
{quote} My risk ratio is 0.37. I was likely to get 30k yesterday. My index was 74.88. However, someone said, on Monday, the Index will be reduced. Let us see how Monday reacts.
Isn't the current target 50k funding? Well, I hope it works out, bro. If your goal is to grow slowly to 20%, that's fine. But if the goal is to get a monthly income, it's tough with a Risk Ratio of 0.37.

What we need to do now is simply acknowledge that we are still more of a gambler trader type rather than a D-Dzero type like Pip. If we trade somewhere else, that's not a problem, right? No need too much ego or pride of being a successful trader in the random world of trading.
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  • #108
  • Aug 31, 2024 11:25pm Aug 31, 2024 11:25pm
Quoting RoelsMajor
{quote} I'll answer it simply. I learned from you before. You care, don't you? Weren't you the one who taught this in previous posts? Let's say 0.5 is enough for you, but it still means you're under penalty (risk reduction). {quote} Isn't the current target 50k funding? Well, I hope it works out, bro. If your goal is to grow slowly to 20%, that's fine. But if the goal is to get a monthly income, it's tough with a Risk Ratio of 0.37.
As for Darwin is concerned, I take it like process.

Some one said, it is early to get funded within a month.

But i was close to it.

I have still 28 days more ( subscription paid ) to achieve some result. I will continuously post update here.
Intraday only.
  • #109
  • Aug 31, 2024 11:28pm Aug 31, 2024 11:28pm
Quoting RoelsMajor
{quote} I'll answer it simply. I learned from you before. You care, don't you? Weren't you the one who taught this in previous posts? Let's say 0.5 is enough for you, but it still means you're under penalty (risk reduction). {quote} Isn't the current target 50k funding? Well, I hope it works out, bro. If your goal is to grow slowly to 20%, that's fine. But if the goal is to get a monthly income, it's tough with a Risk Ratio of 0.37.
That's where you're wrong my friend.

UJ has a daily range of over 200 pips. I don't need full leverage. $200 a day = 4% a month.

I'm at 0.44. If I trade GBP/USD for 2 lots I get 0.88 lots. 20 pips = $176. And my risk ratio will be going up in the future even though I won't need it.

I mean look what I did in month 1 with only 0.44 and now I only need to make 0.78% for September for the second allocation
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Pride always comes before destruction.... -Proverbs 16:18
  • #110
  • Edited Sep 1, 2024 12:00am Aug 31, 2024 11:40pm | Edited Sep 1, 2024 12:00am
Quoting Expo33
{quote} That's where you're wrong my friend. UJ has a daily range of over 200 pips. I don't need full leverage. $200 a day = 4% a month. I'm at 0.44. If I trade GBP/USD for 2 lots I get 0.88 lots. 20 pips = $176. And my risk ratio will be going up in the future even though I won't need it. I mean look what I did in month 1 with only 0.44 and now I only need to make 0.78% for September for the second allocation {image}
Well, that's where the difference of opinion lies. You were lucky to get a 0.44 risk ratio after the period of overleverage, and your index was high, starting at 5.25% (so your rating was already successful above 75). You might not need a normal Risk Ratio, but by continuously taking high risks, will your risk ratio remain at 0.44 forever? May we know your Maximum/Minimum VaR?

Quoting navk
{quote} As for Darwin is concerned, I take it like process. Some one said, it is early to get funded within a month. But i was close to it. I have still 28 days more ( subscription paid ) to achieve some result. I will continuously post update here.
Darwinex for the long term, therefore I estimate it might take 2 months to get an allocation, if the index results are good, and so on. So paying $100 USD for aim 50k funding in 2 months is simple math. Now your risk ratio has decreased from 0.71 to 0.37, hasn't it?
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  • #111
  • Sep 1, 2024 12:10am Sep 1, 2024 12:10am
Quoting RoelsMajor
{quote} Well, that's where the difference of opinion lies. You were lucky to get a 0.44 risk ratio after the period of overleverage, and your index was high, starting at 5.25% (so your rating was already successful above 75). You might not need a normal Risk Ratio, but by continuously taking high risks, will your risk ratio remain at 0.44 forever? May we know your Maximum/Minimum VaR? {quote} Darwinex for the long term, therefore I estimate it might take 2 months to get an allocation, if the index results are good, and so on. So paying $100 USD...
I started at 5.25%? I don't know what you're talking about. My risk was reduced to 0.7 on my first day of trading in August when I was at 100K and I still made over 6% even as my risk reduced further to 0.44 by the middle of the month.

And yes, if you start your calibration phase in the first week of a new month you can get the allocation in one month. Just end the month at 75 which isn't hard to do as I did for 2 accounts.

The obsession with risk is a little over the top. Sure, if you're at 0.1, 0.2 it may be a problem. And if that's the case you start over and stop trading like an idiot. No problem.

Now that we all have a basic understanding of how the engine works it shouldn't even be an issue. For forex trade 1-3 lots with 2 positions max and the risk engine becomes irrelevant.
Pride always comes before destruction.... -Proverbs 16:18
  • #112
  • Sep 1, 2024 5:26am Sep 1, 2024 5:26am
Quoting Expo33
{quote} I started at 5.25%? I don't know what you're talking about. My risk was reduced to 0.7 on my first day of trading in August when I was at 100K and I still made over 6% even as my risk reduced further to 0.44 by the middle of the month. And yes, if you start your calibration phase in the first week of a new month you can get the allocation in one month. Just end the month at 75 which isn't hard to do as I did for 2 accounts. The obsession with risk is a little over the top. Sure, if you're at 0.1, 0.2 it may be a problem. And if that's the...
I mean for new acc, after this post https://www.forexfactory.com/thread/...3#post14975253 , thats the start, the risk ratio appear after the adjustment, and so your index (after calibration). Of course, there are two options: either reduce over-leveraging so that the risk ratio of 0.44 will increase to 1 in the following month, or it's not a problem for you to achieve a 1% or 2% return per month. That's fine. Your Rating Index is already successful, you are allready successful get the allocation.

For myself, I want to see my risk ratio and VaR after the adjustment, but as for the Index, I haven't succeeded yet. It's still at -2.8% in this calibration phase. If you don't agree with my conclusion in this post #102 that's okay.
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Meditation All Time Return: 8.9%
  • #113
  • Sep 1, 2024 5:34am Sep 1, 2024 5:34am
Quoting RoelsMajor
{quote} I mean for new acc, after this post https://www.forexfactory.com/thread/...3#post14975253 , thats the start, the risk ratio appear after the adjustment, and so your index (after calibration). Of course, there are two options: either reduce over-leveraging so that the risk ratio of 0.44 will increase to 1 in the following month, or it's not a problem for you to achieve a 1% or 2% return per month. That's fine. Your Rating Index is already successful, you are allready successful get the allocation. For myself, I want to...
I do not accept in general over leveraging causes big issue.
My risk ratio reduced so much from 0.71 to 0.44 and then to 0.37.
My index jumped from 56 to 74.88 within few days.
R:R matters I think.
I was winning huge this week
Intraday only.
  • #114
  • Sep 1, 2024 5:39am Sep 1, 2024 5:39am
Is there a page you can find how much investors assets any Darwin has under management? I know there used to be but now I just can’t find it
  • #115
  • Sep 1, 2024 5:39am Sep 1, 2024 5:39am
Quoting navk
{quote} I do not accept in general over leveraging causes big issue. My risk ratio reduced so much from 0.71 to 0.44 and then to 0.37. My index jumped from 56 to 74.88 within few days. R:R matters I think. I was winning huge this week
Owh yeah, thanks for your new theory. It seems like every month we have new thoughts adjusted to our shortcomings.
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Meditation All Time Return: 8.9%
  • #116
  • Sep 1, 2024 6:15am Sep 1, 2024 6:15am
Quoting RoelsMajor
{quote} Owh yeah, thanks for your new theory. It seems like every month we have new thoughts adjusted to our shortcomings.
Having said, I want to see your opinion on how much one can earn in this.... And after how many months?
Intraday only.
  • #117
  • Sep 1, 2024 7:46am Sep 1, 2024 7:46am
Quoting navk
{quote} Having said, I want to see your opinion on how much one can earn in this.... And after how many months?
Try to see how much you can get in 3 months, Or just ask Pip, he's been with Darwinex for about 3 months already. 1/3 or 2/3 of 6% per month (safe risk) means 2% to 4% per month. By the third month, the cost reaches $100, so if you get just 50K, that means 2%, which equals $1000, and 15% of that is around $150. So, you're building a track record for free with no cost.

Now look at Trader #2 for August, ATWS, who is very skilled. In his second and a half or third month, he got $60K, and during August, he made around 9%. That means $5,400 in profit, and 15% of that equals about $810, minus the $100 cost, leaving $700. This month, he has a total of $375K. If he manages to get just 2%, that means $7,500, and 15% of that equals $1,125 in the fourth month. On average, around $500 per month.
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Meditation All Time Return: 8.9%
  • #118
  • Sep 1, 2024 7:51am Sep 1, 2024 7:51am
Quoting RoelsMajor
{quote} Try to see how much you can get in 3 months? Or just ask Pip, he's been with Darwinex for about 3 months already. 1/3 or 2/3 of 6% per month (safe risk) means 2% to 4% per month. By the third month, the cost reaches $100, so if you get just 50K, that means 2%, which equals $1000, and 15% of that is around $150. So, you're building a track record for free with no cost. Now look at Trader #2 for August, ATWS, who is very skilled. In his second and a half or third month, he got $60K, and during August, he made around 9%. That means $5,400 in...
By the way, I just got the meaning of YOLO.

You only look once.

lol

500 $ if it comes from Darwinex is somewhat worth. One needs to be highly skilled.
Intraday only.
  • #119
  • Edited 8:42am Sep 1, 2024 7:54am | Edited 8:42am
Quoting kalastaja
Is there a page you can find how much investors assets any Darwin has under management? I know there used to be but now I just can’t find it
My darwin Index got reduced to 67 this morning. ( Not much less, but less nevertheless )

May be it is due to what you said, and also i have some open trades in floating.

Edit : My current open trades contribute 7.16 Darwin.

74.88 - 7.16 = 67.72

So the reason for Darwin index reduction is due to current open trades and floating loss
Intraday only.
  • #120
  • Sep 1, 2024 8:06am Sep 1, 2024 8:06am
Quoting navk
{quote} By the way, I just got the meaning of YOLO. You only look once. lol 500 $ if it comes from Darwinex is somewhat worth. One needs to be highly skilled.
It is indeed not worth the time spent, because the goal is long-term. However, successful Darwin graduates (the 3 criteria we’ve discussed, such as Pip) will certainly have an advantage in any Prop Firm, as they are already accustomed to managing VaR.

Ideal models will never truly exist, perhaps only in literature or thought. If there are any, that's great. Hoping to achieve a great monthly profits at a prop firm with low testing costs and low profit targets? That's difficult.
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