darwin discussion

Quoting TU2023

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@pipmaster77, need some guidance please. {image} is it better to drop this and start new or work to get to 75. Thank you

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Quoting deroty

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My question: How long will it take me to recover and get paid for permanent allocation?.

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Quoting pipmaster77

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{quote} Need a little more info..... how old is the Darwin? total return to date? max DD?

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Quoting hayseed

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{quote} //------ hey deroty...... the good news it's a permanent allocation...... can you check your allocations and tell...... look at hwm, quote to hwm and hwm%....... that might give you an idea....... to tell how much improvement needed you could probably use that performance fees calculating script i posted...... just adjust the inputs according...... make sure to adjust the risk multiplier......h //------ {image}

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Quoting deroty

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If it goes like past month (attached and selected: 3.03% per month) will it take 2 months to recover if all goes well

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Quoting TU2023

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{quote} it is the new one I created, 1month old, (2months to complete the creation and lost the profits made in that )with -9.25dd and +2.75 gain. Thanks {image} {image}

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Quoting pipmaster77

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{quote} Yes, if only one month old, I'd dump it. A couple of resons....to get to gold you need 8 months, 20% total return and 2.5 profit to DD..........once DD goes above 8%, you need more than 20%. I have 3 Darwins, and my first one is actually the worst performing over the past 3 months, but it's over 15%, so too close to Gold to dump it.

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Quoting hayseed

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{quote} //------ yes, pretty close....... you need to make up 6.31%....... so maybe 2 months...... while that sounds like a lot of time, it's not...... some of those gold guys stay under their hwm for years...... today, i never look at any of the metrics darwin provides...... but it is true, raising your risk factor while reducing your var will speed things up...... if that is possible, you will benefit in more ways than one....h

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Quoting Noisy

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@OutThere How is your FTMO account going?

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Quoting OutThere

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{quote} Very slowly. I'm not doing a whole lot with it until I find one of your desired automated strategies that guarantees a hefty increase with no risk on a daily basis. {image}

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Quoting Noisy

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{quote} Looks good. You could potentially risk a little more per trade without jeopardizing the maximum drawdown, in order to speed it up. I will buy a 100k Challenge in the next few days and try it out again.

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Quoting hayseed

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just as a full cost comparison with my local bank ......

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Quoting hayseed

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going to try and set up wise as a second payment method....... just as a full cost comparison with my local bank ...... if wise saved me 63$, darwinex zero's monthly subscription would be effectively free....... just shootin from the hip, looks like wise would save far more than 63$....... once set up, just for easy math, i'll withdraw 1000 to each....... then we will know for sure........h //------- {image} //----- {image} //----- {image}

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Quoting deroty

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{quote} I want to use wise or alternatives. But we can not send and receive USD to USD isn't it? If someone sends me USD I have to receive TRY. (My countries currency) I prefer receiving USD.

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Quoting hayseed

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{quote} //------ hey deroty...... it looks like wise handles try also....... our performance fees are quoted in euro's...... then later exchanged and paid in british pounds...... then we must exchange them for what we want, in my case usds...... banks can be pricey...... darwin is using wise on it's end...... most of us already have wise and deel accounts from prop firms we used in the past..... wise has low fees and exchange rates...... so i figured it might save a bit..........

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