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i have stopped using FXPapa since second loss, how did it end up guys?
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[quote]
What I can take from that statistic is that, in the last 2 years and 4 and a half months (2010, 2011, and January to middle May, 2012) there would have been 11 "3 trades situations".
This gives us an average of one '3 trades situation' every 2.59 months (from the beginning of 2010 to the present).
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could you please explain more what happened in these 11 situations, were they the same as what happened recently? (i.e. they were 11 -200 pips loss situations)
thanks
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that doesnt deny the fact that FXPapa was lucky on this trade, lol, he unwillingly reduced the effect of this bad trade on his history chart by almost 6 folds, ethically he should mention something about this on his website.
anyways, let's just hope we dont have similar trades in the near future, i am -1k USD so far with FXPapa, since i just started like 2 weeks ago.
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[quote]
FxPapa posted:
Dear Traders
Thanks for all comments.
Yesterday IBFX has reduced our account leverage to 1:10. That's why the trades lots has reduced.
IBFX has done this without our permission. We asked them to explain and I will post their answer here.
The Max DD should be about 200 pips. I'm sorry that ours is 226 pips but this may happens because we don't use hard SL.
The new update will be ready this weekend. We have coded the hard SL and TP point.
Thanks again for your helps and support. We try our best to make the EA better.
Feel free to contact our support (service@f......
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[quote]
Zuttasoxx posted:
That other one was worse
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remember how much -ve in pips was it?
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is this the worse drawdown in the history of FXPapa? or the one happened on Feb 7 was worse?
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nevermind, the only thing i care about is that maxmimum floating loss will never exceed 200 pips, i.e. worst case scenario will have realized -200 pips of loss, is that correct?
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[quote]
FxPapa posted:
[quote]
does this mean that at worst case scenario, we will have 3 losing trades, one -180, one -120 and one -60 pips?
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No, it would be about 200 pips totally.
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i see now 2 trades one of them is -75 pips, if the stop loss is -60 (so that it totals approximatly -200 pips if the 3 trades lose) then how come we are having a -75 pips trade?
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[quote]
FxPapa posted:
[quote]
xiaoyapk posted:
You told ur order sl is 60pips.
Please check today's order, i found loss more than 63pips, but u have never close the order.
05.15.2012 07:53 GBPUSD Buy 0.12 1.60966 -6.73 -56.10 -0.85%
all your order never SL ? or > 60pips?
please reply.
thank you.
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Hi
I think you have miss understood what I said. Please read the last post and you will find out how FxPapa manage it trades.
FxPapa uses equity stop loss. Default value is 10 which means the EA would close all open positions if total loss be more than 10% of th......
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just figured out that the same should go for TP too, since price on client side may just miss the TP and reverse back to a possible SL, while at your account price may just hit the TP because reverseing, due to the price feed differences.
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