Contest 2 (by Wojquick) Quick Stats
Gain: -99.88%
Drawdown: 99.98%
Pips: 519.2
Trades: 143
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Unknown

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Contest 2 Discussion
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mlollar

Member Since Jan 24, 2010  44 posts Victory Markets, LLC (mlollar) Oct 27 2010 at 21:21

wh1zz0 posted:
    There's something funny about the DD. How come the DD only shows 2.92%? Are you sure myfxbook has this calculated correctly?


DD is calculated as a percentage of the percent profit gain. So if you make 10% of the original account value, then have a DD of 10%, it's only calculated as 1% (10% of 10%). Bad idea.

The World's Currency Market is Our Oyster.
xcalibur

Member Since Jan 09, 2010  44 posts xcalibur (xcalibur) Oct 28 2010 at 08:59

wh1zz0 posted:
    There's something funny about the DD. How come the DD only shows 2.92%? Are you sure myfxbook has this calculated correctly?


he has not logged in since he made the bad EU trade that wiped him out...once he does you will see the updated DD...this guy is burst already....he is refusing to log in so that he will remain in third position till competition ends...lol

I mean business and i mean it
wh1zz0

Member Since Nov 23, 2009  18 posts wh1zz0 (wh1zz0) Oct 29 2010 at 16:22

mlollar posted:
    
wh1zz0 posted:
    There's something funny about the DD. How come the DD only shows 2.92%? Are you sure myfxbook has this calculated correctly?


DD is calculated as a percentage of the percent profit gain. So if you make 10% of the original account value, then have a DD of 10%, it's only calculated as 1% (10% of 10%). Bad idea.


Really bad way of calculating it.. Yeah

To get to dawn, you must pass through darkness.
Mtupienga

Member Since Apr 09, 2010  15 posts laurenti chaacha mohochi (Mtupienga) Oct 29 2010 at 19:21

xcalibur posted:
    
wh1zz0 posted:
    There's something funny about the DD. How come the DD only shows 2.92%? Are you sure myfxbook has this calculated correctly?


he has not logged in since he made the bad EU trade that wiped him out...once he does you will see the updated DD...this guy is burst already....he is refusing to log in so that he will remain in third position till competition ends...lol


am sure will never log in again until december LOL!.....1000lots is some crazy leverage one must be 99% of the entry otherwise a drawdown will clean you out LOL

lucasforex

Member Since Aug 20, 2010  55 posts lucasforex Oct 30 2010 at 12:46
the equity now is 45percent.... doesnt look good.. another 30pips will get a margin call.

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EURUSD 1.19606 GBPUSD 1.33021
USDJPY 104.093 USDCAD 1.29894

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