Leo Trader Pro UC & UJ (bei rayong1)

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Leo Trader Pro UC & UJ Diskussion

Dec 28, 2010 at 11:30
1,433 Angesehen
12 Replies
Mitglied seit Nov 26, 2010   126 Posts
Dec 28, 2010 at 11:34
Looks like we're seeing some bigger drawdowns here. Lets see how it handles it.
Mitglied seit Nov 15, 2010   183 Posts
Dec 28, 2010 at 16:02 (bearbeitet Dec 28, 2010 at 16:03)
Raymond: Keep in mind that this is the best time to test an EA, so I wouldn't be jumping to any conclusions yet. I have the GU/EU version and started running it on Dec 23/2010, and is doing okay, but I have 1 open Buy on the EU thats down -75 pips.

 But its this Open Trade DD that most traders do not look at, and its just as important as the Maximal DD which is based on closed trades. Right now this UJ/UC version is at -18% OT DD, so the low .96% Maximal DD goes right out the window.
Mitglied seit Nov 26, 2010   126 Posts
Dec 29, 2010 at 03:58
Agree, the open trade DD is the more important number. That's what triggers the margin calls.

Someone on FPA already had an account wipe out
Mitglied seit Mar 07, 2010   257 Posts
Dec 29, 2010 at 04:03 (bearbeitet Dec 29, 2010 at 04:03)
rayong1 posted:
    Agree, the open trade DD is the more important number. That's what triggers the margin calls.

Someone on FPA already had an account wipe out
somebody obviously wanted to get rich quicker than everyone else ...

I would not even mention such a case ...

you do not overleverage hold&prey strategy ...
Mitglied seit Nov 15, 2010   183 Posts
Dec 30, 2010 at 02:10
The Open Trade DD is currently at -28% of account balance, this is where it gets fun, we will soon see if these trades hit the SL. if they do then we will see a much bigger OT DD.

 Everyone forgets about the OT DD, because MT4 along with most platforms dont show it at all, then the market (some times)turns around and everyone seems to forget about it. These open trades right now might take this up to the 35-50% OT DD area, which is a very scary and risky EA.
Mitglied seit Oct 03, 2010   12 Posts
Dec 30, 2010 at 07:18
I bet the same disaster could happen on the EURUSD leo EA as well...
Mitglied seit Nov 26, 2010   126 Posts
Dec 30, 2010 at 20:19
30% open trade drawdown as of now.
Mitglied seit Nov 15, 2010   183 Posts
Jan 01, 2011 at 22:07
Raymond, I calculated that is these 4 open trades were to hit there SL, then we could see an OT DD of around 45-47%, and that is assuming that there are no more trades opened after the 2 UJ trades are closed first.

 From what I can see here, the LTP does not have more than 4 open trades at anyone time, so we know that the maximum OT DD would be 4 X 330=1320 pips X # of lots.

  But because the risk to reward ratio is terrible on this EA, its a bit of a crap shoot so far. if these 4 trades were to hit the SL then it would change to closed trade DD, and 45-47% either way is a huge DD to swallow.
Mitglied seit Nov 26, 2010   126 Posts
Jan 01, 2011 at 22:22 (bearbeitet Jan 01, 2011 at 22:25)
And if you have he EU and GU version running they should hedge each other out because as EU and GU goes up UC and UJ usually goes the other way. Great if they pick the right direction but when wrong all 4 pairs will bleed. Theoretical max OT with both version of LTP running would be 2640 pips. Huge indeed.

How close to a margin call will depend on the lot size you use.

Now that I've bought it I can see they are running 1 instance of MT4 for each currency pair. ie. they are running 1 instance of MT4 for just usdchf at 0.02 lots and another instance of mt4 for usdjpy at 0.03 lots.
Mitglied seit Nov 15, 2010   183 Posts
Jan 01, 2011 at 22:33

rayong1 posted:
    And if you have he EU and GU version running they should hedge each other out because as EU and GU goes up UC and UJ usually goes the other way. Great if they pick the right direction but when wrong all 4 pairs will bleed. Theoretical max OT with both version of LTP running would be 2640 pips. Huge indeed.

How close to a margin call will depend on the lot size you use.

Now that I've bought it I can see they are running 1 instance of MT4 for each currency pair. ie. they are running 1 instance of MT4 for just usdchf at 0.02 lots and another instance of mt4 for usdjpy at 0.03 lots.

 In light of that info, why not run these 4 pairs for a while, then just trade 1 pair that has the best results, and you could increase the risk slightly. The other question is whether or not the SL can be modified on a client to client basis?? Probably not I am betting, but it wouldnt be a big deal for them to make the SL adjustable.
Mitglied seit Nov 26, 2010   126 Posts
Jan 01, 2011 at 22:43
Looking at USDJPY, that looks like the more profitable pair.
Mitglied seit Dec 04, 2010   1 Posts
Mar 29, 2011 at 22:35
Thanks Leotrader wipe out my 1000$ real account (0.1 lot) 2 USDJPY and 1 USDCHF open positions -against the market direction :)
... lession learned...
Mitglied seit Nov 26, 2010   126 Posts
May 16, 2011 at 08:08
Guys, I'm closing this myfxbook account. If you guys want it kept going I'll leave it alone.
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