MC, sounds like some of these guys would like to reinstate the old external variables, MinMiniEquity and MinStdEquity. I think we quit using them because they caused a lot of confusion. I kind of liked those myself and was somewhat disappointed when you took them out.
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Can't please everyone that's for sure. At least the EAs continue performing well.
I'm a fan of MC!
he follows the path and that is correct.
I would like to report that support this path-
MC please stand firm and do not get attention in a different direction.
Stay with us so faithfully!
another way is to buffer the orders until a minimum DD is reached, then release orders to broker. this would allow less DD and reach target quickly. but you may miss some trades which reach target before the minimum DD
i am waiting for a coder to do this. it needs to hold the orders in a buffer and keep checking the DD of buffer orders, if its more than minimum DD, then release those orders, from then on its same as existing EA
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I'm finding it hard to understand what you mean by "buffer the orders until a minimum DD is reached".
Please give me an example, it will help me understand a LOT.
That is great. It's on Collective FX, is it 100:1?
AddSix_01 on my IBFX 50:1 is not doing well at all. It hit the margin call level about a week ago using the .667 MaxMargin and 1.0 ProfitPct. I closed all the trades and saved about $2800 balance and started it over at .335 and 0.5. It has never closed since and now has a 145% margin level. It will probably hit the margin call level (100%) again soon.
I must have missed 01a. Is that just the same EA with 0.3 and 0.5 settings?
I'm finding it hard to understand what you mean by "buffer the orders until a minimum DD is reached".
Please give me an example, it will help me understand a LOT.
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Lets say the EA starts now. it adds orders for GU, EJ. and after another 1 hr lets say it adds CHFJPY. now these orders are in place. lets say the total loss of these 3 orders after some time reaches 30$ or 1% draw down. now you are down 1%. as per my mod, dont place these 3 orders. keep them in EA, calcualte the darwdown, when it reaches 1 %, now place these 3 orders. with this you are saving 1%. you can reach the target quicker compared to normal EA. most of the times the draw down reaches atleast 1% before retraces and results in profit
with this you can even increase your profit percentage a little since you entered at discounted price compared to normal EA
Lets say the EA starts now. it adds orders for GU, EJ. and after another 1 hr lets say it adds CHFJPY. now these orders are in place. lets say the total loss of these 3 orders after some time reaches 30$ or 1% draw down. now you are down 1%. as per my mod, dont place these 3 orders. keep them in EA, calcualte the darwdown, when it reaches 1 %, now place these 3 orders. with this you are saving 1%. you can reach the target quicker compared to normal EA. most of the times the draw down reaches atleast 1% before retraces and results in profit
with...
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And what happens if all 3 pairs continue moving up, which does happen occassionally, and you are holding them in escrow, or whatever you call it, while the value is rising. You will never close for that profit because you never get a 1% DD.
The title in the statement is Phantom 14 add 04.
Are you saying the statement is actually for Phantom add6 01a?
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MC has stated several times that he sometimes runs a program for a short time and then replaces it with another and that the name of his uploaded file is the name of the EA that is currently running on that account.
And what happens if all 3 pairs continue moving up, which does happen occassionally, and you are holding them in escrow, or whatever you call it, while the value is rising. You will never close for that profit because you never get a 1% DD.
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you will miss that trade in that case. idea is to avoid some DD in favor of some profits. but actually if you can increase the profit percentage by 10% (lets say from 1% to 1.1%), then even if you miss 1 trade in 10, your bottom line remains same. you will have lesser DD.
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Joined Feb 2010
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Status: J16 Student
|902 Posts
the current phantomsix_02 started 12 hrs back and is in 15% DD, it opened bunch of EJ buy orders while crashed. in such cases where one pair keeps adding trades, its difficult to balance the hedge with others. only hope is for this pair EJ to come back
