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Draw Down Experiences and Recovery

  • #81
  • Nov 20, 2009 8:07am Nov 20, 2009 8:07am
Quoting triphop
Inf Investor, Rotterian - since you both mentioned FAP, I thought I'd share this. I spoke with a big retail broker who said that FAP was getting so big that they were having genuine execution problems because the orders all come in at once, and especially during the Asian session and less liquid pairs, it sucked up all available liquidity causing massive slippage.

So for all enterprising coders out there - decompile and frontrun FAP by a couple of pips, and you could have yourself a small but definite edge for as long as they're are people buying...
NO EA or automated system has ever produced profits for any sustained length of time.

if an EA did... why in world would you sell it.

turn it on... get some sleep... drive your Bugatti into a marsh... because you have 4 of them.

bill gates is coming over later for bridge and to mow your yard.

warren buffet calls you to congratulate you on making #1 on the Forbes list.

you check you iPhone to find several models from VS called and wanted to go to dinner.

tiger woods is pissed because you parked your 200 ft yacht next to his piss ant 100 ft toy.

OH WAIT... REALITY

No automated system has EVER produced long term results.

m
  • #82
  • Nov 20, 2009 8:14am Nov 20, 2009 8:14am
Acumen, that's not what I'm talking about - it doesn't matter if the EA is good or a pile of sh*t; there's an edge potentially in purely front-running the orders itself. Big doesn't mean good, it means they've just hyped it a lot and newbies have bought into it.

As for automated vs discretionary, been there, got the badge and bored myself to tears talking about it in the process. Everyone makes their own call.
  • #83
  • Nov 20, 2009 9:01am Nov 20, 2009 9:01am
Quoting triphop
Acumen, that's not what I'm talking about - it doesn't matter if the EA is good or a pile of sh*t; there's an edge potentially in purely front-running the orders itself. Big doesn't mean good, it means they've just hyped it a lot and newbies have bought into it.

As for automated vs discretionary, been there, got the badge and bored myself to tears talking about it in the process. Everyone makes their own call.
I hear ya.

m
  • #84
  • Nov 20, 2009 8:02pm Nov 20, 2009 8:02pm
Quoting triphop
Inf Investor, Rotterian - since you both mentioned FAP, I thought I'd share this. I spoke with a big retail broker who said that FAP was getting so big that they were having genuine execution problems because the orders all come in at once, and especially during the Asian session and less liquid pairs, it sucked up all available liquidity causing massive slippage.

So for all enterprising coders out there - decompile and frontrun FAP by a couple of pips, and you could have yourself a small but definite edge for as long as they're are people buying...
Oh yeah..its amazing actually, all you got to do is measure the ratio between the ludicrous and those that have evolved to a level of sagacity, it should sum up to about 1Million:1 if not more in favor of the ignorant (had to be lucid enough for obvious reasons). SO yep if all those do buy that crap, you've got strength in nos and hence the edge you mention
  • #85
  • Nov 20, 2009 8:05pm Nov 20, 2009 8:05pm
Quoting acumen
NO EA or automated system has ever produced profits for any sustained length of time.

if an EA did... why in world would you sell it.

turn it on... get some sleep... drive your Bugatti into a marsh... because you have 4 of them.

bill gates is coming over later for bridge and to mow your yard.

warren buffet calls you to congratulate you on making #1 on the Forbes list.

you check you iPhone to find several models from VS called and wanted to go to dinner.

tiger woods is pissed because you parked your 200 ft yacht next to his piss...
This guy can make you laugh your brains out on the worst of days, and hes buy far one of the BEST traders ive ever seen and ive seen a few.

Btw you forgot to mention Megan fox there.
  • #86
  • Dec 27, 2012 10:17am Dec 27, 2012 10:17am
My hedging technique, i tried in demo account and succeeded !

Now have I tried it in real account, yes ! Earlier .

But i could not keep up due to one lack of fund Second More important lack of time. I was in a involving (and useless) job and could NOT get time to wait till the markets moved. so i just managed to recover my account with no profit no loss.

Firstly if you're having a drawdown big time, fund your account and with huge or sufficient margins and Speed up !
Thats all i can say! Act before it gets out of hand, lose your sleep if you have to, but get it done!
It takes a lot of blood and guts to tackle those huge corporate computers which make the market, but there is a way out always, and do remember to fund your account, like suppose you take a loan from somebody to save your margin and get of the market.
The two screenshots i have attached i got out with a huge profit later, but i had to increase my Lot size a lot more than it was to recover, so thats the key.

My ideal way would be to start with the Minimum i.e. 0.01 an keep earning till you can, then (if) you get in the recovery mode like i got in , you'll have to bet with much higher lots to get out of it.

My point here i enjoy till you can earn in smaller lots, but suppose due to lack of time or the markets cheat you and you get into losing mode use my technique, Bigger margin is the only thing that can give you the GUTS to go ahead and THINK CLEARLY, otherwise my technique is pretty simple, try giving me some tips about the lot multiplications if someone can.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: My hedging.jpg Size: 271 KB
Click to Enlarge Name: My hedging Final Profit.jpg Size: 310 KB
  • #87
  • Last Post: Dec 27, 2012 11:49am Dec 27, 2012 11:49am
You know what the biggest scam in trading is?

Use percent risk management...

they say 1%, or 2%, or less..
Oh you'll lose less and less when you're in a drawdown..and can compound your gains when you're winning they say

it doesn't matter. the sooner you realize that it takes more to recover, the sooner you realize what a fuckin shit advice the above is.


I'm willing to bet that most systems can make money, but you got to be able to manage your drawdown in a way that doen't punish you.

sigh

fckin forex...
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