"Golden Arches" Project

That damn EUR/AUD has dinged me before in other methods. It goes for hundreds off PIPS slapbang without warning...Just a little news to start the cascade...News is what makes Forex such a challenge.

Michael B.

P.S. The daily arch is short the EUR/AUD still, but I want out and set the limit order real tight like 3 pips from the average trade price...what a wasted trade.
 
leveraging is a sure fire way to turn a profitable system into a blow out. if you were to keep increasing leveraging you'll find a draw down which wipes the account out and stops the system. obviously as leveraging increases, the size of the movement (price, not PL) required to kill the system decreases.

you might be able to use a scaling technique to prevent this, or putting in rules to prevent it, but that fundamentally changes the system.

it is my understanding only given infinite funds in an account leveraging will not have an effect on the system.

ps. ya news is tricky. iv spent a lot of time designing a system which detects news events.
 
walterjennings...

I can fix this! (said with one eye open and in the mechanic's voice from the body shop in that "Doc Hollywood" movie starring Michael J. Fox)

...stay tuned...

BalancingSavant




Quote from walterjennings:

leveraging is a sure fire way to turn a profitable system into a blow out. if you were to keep increasing leveraging you'll find a draw down which wipes the account out and stops the system. obviously as leveraging increases, the size of the movement (price, not PL) required to kill the system decreases.

you might be able to use a scaling technique to prevent this, or putting in rules to prevent it, but that fundamentally changes the system.

it is my understanding only given infinite funds in an account leveraging will not have an effect on the system.
More...
 
Hows did it go today? Still in a DD phase? Judging by the size of the killer movement(s), could you have put any protection in place that would not have an effect on any of the good trades?
 
I am soooo screwed...-47.12% DD..else I give back 3 months of profit...or add more $'s to the account and not trade...

I have had this happen before and the dark feeling sucks...

NoviceSavant


Quote from walterjennings:

Hows did it go today? Still in a DD phase? Judging by the size of the killer movement(s), could you have put any protection in place that would not have an effect on any of the good trades?
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One single position ...I overexposed in EUR/AUD. I have not traded in three days and this is my only position...SHORT !

The mistake I made...I got real excited about a Virgin arch that was rather steep, that I did not pay attention to...see...the swings in this pair cannot be exposed the way I did it with the equity that I had. I entered two orders at 6 minis each, when I should have been entering 1-3 minis each! on a Demarker Sig..!

walterjennings...I am so embarassed...I have been trading prolly longer than you...and i did such a novice mistake after all of these years...some traders just never learn...

IShouldBeShotSavant

P.S. Everything that I know tells me to get out now...but the fricken daily CR is still a strong Virgin short! The method is not wrong...it was my exposure...and the question is ...can I wait this out until the price turns...I will never expose so heavily again...I am sick of this dark feeling...




Quote from walterjennings:

is that soley because the news event(s) or is the system's performance dropping over the past few days?
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Yeah you've definitely have been trading longer than me. I didn't know what a bid/ask price was last May. I doubt i'll ever be able to consider myself a trader, more of an AI programmer/math geek. I have the uncanny ability to cause the market to move against any position I take when playing around with paper accounts, even when I do the opposite from my instincts I lose!
 
Well I got to work this out....but i do not know what to do in this case...waiting will not help...I need to trust the method and NEVER expose this way again...

Next Monday might give me a clue..
 
Quote from secxces:

This is the closest thing to CR that I can think of, for MetaTrader 4 (ang_PR_(Din)-v1+SQStdN.mq4). It actually may be it. I also included a similar one (ang_PR_(Din)-v2.mq4), maybe someone will find them usefull. Good Luck and many pips.

- secXces
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I was just wondering if anyone found these to be usefull in anyway? Savant, have you tried them, compared them to your CR indicator? Just kinda curious.


- secXces
 
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