Opened this account 18th September, after 3 days trading in profit 2.37%
Respect the inescapable certainity of Math
I have been following Dat for a few month. Personally I would not touch it. Some of the Dats have had huge Drawdowns.. Dat can work for a long time but is likely to get wiped out at some stage. You are risking a margin call to make 1 to 1.5 percent profit every new cycle. It would have to be tested for a long period of time before one can say if its profitable or not. In my view its similar to a martingale system. They can look great for a long period of time but at some stage they always get wiped out.
After years of bad experiences with EAs and Robots I can relate to your thinking towards automated training. However, Strategy 5 which many of us are trading live, has been running for 21 months successfully and it has not had a single losing sequence of trades. The historical data on the draw downs do not approach the "huge" type of draw down you reference in your post. Admittedly, some automated systems do, and I have experienced horrible results with the EAs and Robots marketers have hyped over the years. The 4X-DAT can use some, or all, of the indicators contained within the TS Matrix (the combination of which is proprietary). See below:
Since no one is privy to the algorithm the 4X-DAT uses (see the website for the thousands of lines of code and development process discussion) all customers really have to base a decision upon is the past performance. Like you, I watched, observed and researched the 4X-DAT, also known as doing your own due diligence, to determine the trustworthiness of the company AND the software. I pulled the trigger earlier this year and am glad I did.
As to draw down and "wiping out an account" you mention, with the Trade Recovery Zone concept programmed into the software, many of us have seen first hand in our live accounts the ability of the software to hedge its way out of draw downs. Another of my live accounts has seen a MAXIMUM draw down of 1.7% during the life of the account and has had no losing sequences or even come close to the margin call you reference.
Thanks for your post. It's always good to hear all sides of a discussion. If the 4X-DAT software genuinely causes you concern, then you would be wise to "not touch it".
Take care,
Z
- #49
- Sep 29, 2014 10:39pm Sep 29, 2014 10:39pm
September End of Month (EoM) 4X-DAT Strategy results.
Note: These results only include banked profit (profit resulting from a Global Close...open Harvesters are not included). Additionally, I will begin tracking the new Strategy 8 (Hybrid Strategy 5 which is tweaked to include a trending as well as a ranging market).
Note: These results only include banked profit (profit resulting from a Global Close...open Harvesters are not included). Additionally, I will begin tracking the new Strategy 8 (Hybrid Strategy 5 which is tweaked to include a trending as well as a ranging market).
I had a couple of questions as to the presentation of the software reference the Closed Deals and Open Deals menus. Referencing the picture below you can see that the math is calculated like this:
Add your Profit Target to the sum of the Open Deals + Closed Deals and this will equal the "Profit needed to Close All Deals", ie a Global Close at Profit Target.
Add your Profit Target to the sum of the Open Deals + Closed Deals and this will equal the "Profit needed to Close All Deals", ie a Global Close at Profit Target.
