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Public Capital Group (By FXTeaParty )
The user has deleted this system.
Public Capital Group Discussion
Jul 24, 2018 at 06:11
601 Views
5 Replies
Member Since Sep 29, 2015
7 posts
Jul 25, 2018 at 06:56
Hello everyone,
I just wanted to highlight that for me the high drawdown was unavoidable given the fact that the starting deposit was only about 66.29 USD. So in order to gain quick and according to my trading strategy drawdown was expected to be rather high. That said, once the account is at a reasonable size, I will make changes which will result in a way lower drawdown.
Thanks for your time and best regards.
I just wanted to highlight that for me the high drawdown was unavoidable given the fact that the starting deposit was only about 66.29 USD. So in order to gain quick and according to my trading strategy drawdown was expected to be rather high. That said, once the account is at a reasonable size, I will make changes which will result in a way lower drawdown.
Thanks for your time and best regards.
Member Since Sep 29, 2015
7 posts
Jul 26, 2018 at 06:45
Dear suttos,
First of all thanks for your time looking into my trading account. Secondly I can assure that the applied trading system has nothing to do with a martingale system. Actually I am interested in why you think or what makes you think that it is a martingale, so that I can give an appropriate answer.
First of all thanks for your time looking into my trading account. Secondly I can assure that the applied trading system has nothing to do with a martingale system. Actually I am interested in why you think or what makes you think that it is a martingale, so that I can give an appropriate answer.
Member Since Sep 29, 2015
7 posts
Jul 27, 2018 at 07:06
(edited Jul 27, 2018 at 07:19)
If I am correct, that itself is no indication for a martingale system. But let me give you some further insight concerning those lot sizes.
First off at InstaForex one lot equals 10 000 currency units in contrast to one standard lot which equals 100 000 currency units. Thus my lot sizes may seem rather high but they are not.
Nevertheless I have to admit that my position sizing is rather high measured in a percentage of my account balance. That is due to the fact, that I started with about 66 USD and in order to achieve my goal of gaining I had to engage in several practices to achieve it. One would be the relatively high position sizing another would be the high drawdown and yet another would be direct hedging.
Once the account balance is at a reasonable level, I will make further adjustments regarding those practices in order to reduce the risk. That said, none of these practices or rather how they are used has anything in common with a martingale system.
Best Regards
First off at InstaForex one lot equals 10 000 currency units in contrast to one standard lot which equals 100 000 currency units. Thus my lot sizes may seem rather high but they are not.
Nevertheless I have to admit that my position sizing is rather high measured in a percentage of my account balance. That is due to the fact, that I started with about 66 USD and in order to achieve my goal of gaining I had to engage in several practices to achieve it. One would be the relatively high position sizing another would be the high drawdown and yet another would be direct hedging.
Once the account balance is at a reasonable level, I will make further adjustments regarding those practices in order to reduce the risk. That said, none of these practices or rather how they are used has anything in common with a martingale system.
Best Regards
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