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looking for a broker quarranty a maximm loses equal to capital

theodoros1
Jan 26 2015 at 20:16
24 posts
Guys after the new EURCHF data I realized that forex handling include a negative risk outside the total lost of capital.
Although I never handled the CHF I normally go for 1 Mio or higher positions in the EURUSD.


Now I realize that a drama in the EURUSD ( what could drive it ? I don't know but everything is possible in life ) could create easily damages of 200k for a 1 Mio Euro position. Stop loss order cant protect us as it was proven in the EURCHF case. So I am looking for a broker willing to quarranty maximum losses equal to our investment capital.

Do you know anyone ? How are your handling the new problem ? Are peoples understanding that they invest 10k and they can land with a -50k account over a night ?



Low Leverage, long term trades, stay safe...
CrazyTrader (CrazyTrader)
Jan 26 2015 at 21:09
1718 posts
What kind of broker could prevent such event? or protect what so ever retail capital when market drops 1000 times faster than a crisis?

The solution is somewhere else.

Think ahead:
- Avoid mainstream... 95% sheeps were long on EURCHF. (They go where newspaper tell them to go) and then 100% of them are wipped out.
- People would be sceptical on such information.

Don't blame broker... they can't do nothing for you. You are (individualy) the only responsible.

As you mention EURUSD, since sepember 2014, I created a strategy that I'm currently testing called 'Trading Against the Crowd'. Since then, 13 orders have been opened on that pair... and it only opened Short positions since the last 5 months, while this time I monitored retail traders were mainly long over 65%.

It always sold the lowest market price (when people think it's time for a correction because they decided market can't go futher down)... and it has been profitable as the trend is so bearish.

Current trade @ 1.1133... no worries.

aeronthomas (aeronthomas)
Jan 27 2015 at 04:28
1557 posts
SynergyFX is supposed to be bringing out an account with this protection but won't be for US clients, and leverage is restricted 1:100. Waiting and seeing what comes out.

Rihan
RSTrading
Jan 27 2015 at 07:22
385 posts
Here is an equity protecting bot. You can set it to shut down mt4/just the ea when it reaches a certain equity %/drawdown.

I doubt it would have been useful in the CHF fiasco, It looks at your equity/dd every 5 seconds, and that massive drop happened in a second. Maybe someone could edit it to check every second instead?

CrazyTrader (CrazyTrader)
Jan 27 2015 at 10:54
1718 posts
It doesn't matter.... Liquidity was the pb... any order would have been executed while the HUGE drop.

theodoros1
Jan 27 2015 at 11:06
24 posts
Thanks for your response.


@aeronthomas

This will be great. I found already one OANDA having such a clause in their agreement.

@RSTrading

This will not help. Even L orders was overrided in the case of EURCHF

@CrazyTrader

Yes you are right. I am shorting EURUSD since summer. I don't step in and out. I just preserve a short position which I slowly close. I don't trade with TA like you or the most. I look on the fundamentals of the economies and the policy behind.

Thanks for your reply. I took a look in your site. great work







Low Leverage, long term trades, stay safe...
theodoros1
Jan 27 2015 at 11:06
24 posts
@CrazyTrader

with eur.usd ατ 13.40 are you still confidence about this ? I start getting some stomach pains lol 😲

Low Leverage, long term trades, stay safe...
CrazyTrader (CrazyTrader)
Jan 27 2015 at 12:39
1718 posts
theodoros1 posted:
@CrazyTrader

with eur.usd ατ 13.40 are you still confidence about this ? I start getting some stomach pains lol 😲


Why stressing? EURUSD is condamed to hit parity

theodoros1
Jan 27 2015 at 16:08
24 posts
@CrazyTrader I am stressing because euro is hitting meanwhy 1 .14 😲

Low Leverage, long term trades, stay safe...
CrazyTrader (CrazyTrader)
Jan 28 2015 at 20:00
1718 posts
theodoros1 posted:
@CrazyTrader I am stressing because euro is hitting meanwhy 1 .14 😲


Last partial trade has been opened @ 1.1325 and SL @ 1.1469 for both trade

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