Sector Capital 1 - PriorFX (By BP33 )
The user has deleted this system.
Oct 04 2016 at 08:00
Take care my friend BP33 ;)
Elena Chopin
Elena Chopin
There's more draw down at the moment than the account ever has experienced, including its inception with hotforex
Look like we are trapped in this one..finger crossed..
This is really scary...
Never Give Up or Give In To The Market
Is there any way to know what trades are open?
Maybe the trader linked it to signalstart or fxjunction ?
Maybe the trader linked it to signalstart or fxjunction ?
Never Give Up or Give In To The Market
Seems like BP33 has started to make partial closure of the basket to reduce the total equity investment. This is a good sign. However, question still remains wheither the up-coming resistance levels are going to stand firm.
Regards
Regards
drawdown now at 34.55% according to Myfxbook... getting close to being stopped out here peops. that would be 'too bad'
(to put it mildly......) also wondering to see what @BP33 is thinking of this? perhaps he is on a holiday and letting the EA do all the work...?
(to put it mildly......) also wondering to see what @BP33 is thinking of this? perhaps he is on a holiday and letting the EA do all the work...?
Oct 05 2016 at 07:02
Drawdown is 29% and the robot is not in control the last few days, else the account would have reached 45%.
Accelerate posted:could be the case.
Drawdown is 29% and the robot is not in control the last few days, else the account would have reached 45%.
Never Give Up or Give In To The Market
Ulrik posted:
Seems like BP33 has started to make partial closure of the basket to reduce the total equity investment. This is a good sign. However, question still remains wheither the up-coming resistance levels are going to stand firm.
Regards
YES and this is precisely my concern. Closing some trades at almost BE is fine but not with his system. This is a GRID/Mart type of strategy. THIS means that your recovery, if any, is based on your last positions. If you close them you are making the future recovery, if any, much more difficult.
Better would be to hedge what we have now and once the gbp comes back, and it will do, go and buy aggressive.
Otherwise we are killing the only chance to survive, having open positions once the GBP comes back.
I would hedge and wait.
I see other traders go long on GBP. May be there is hope. Hedge and wait.
Pablo51 posted:so what are the open positions?Ulrik posted:
Seems like BP33 has started to make partial closure of the basket to reduce the total equity investment. This is a good sign. However, question still remains wheither the up-coming resistance levels are going to stand firm.
Regards
YES and this is precisely my concern. Closing some trades at almost BE is fine but not with his system. This is a GRID/Mart type of strategy. THIS means that your recovery, if any, is based on your last positions. If you close them you are making the future recovery, if any, much more difficult.
Better would be to hedge what we have now and once the gbp comes back, and it will do, go and buy aggressive.
Otherwise we are killing the only chance to survive, having open positions once the GBP comes back.
I would hedge and wait.
I see other traders go long on GBP. May be there is hope. Hedge and wait.
Never Give Up or Give In To The Market
i really see no easy way out of this Drawdown..we are trapped in GBP weakness,..
At this point BP33 should just try and minimize the loss as much as possible,, although i hope everything ends in profit but the chances are slim
At this point BP33 should just try and minimize the loss as much as possible,, although i hope everything ends in profit but the chances are slim
Well, it looks that BP33 has being able to stabilise the position at around 30% DD. Well done.
Now patience and wait for GBP to come back. It will happen. Clearly, there was an excessive reaction to the announcement of Britain leaving EU in January versus August. The pound is clearly undervalued. I would protect the position and wait for the recovery. It will come.
Institutional investors are having fun catching early movers. Being in hurry is the worst in this moment.
Obviously with all my respects towards the trader.
Now patience and wait for GBP to come back. It will happen. Clearly, there was an excessive reaction to the announcement of Britain leaving EU in January versus August. The pound is clearly undervalued. I would protect the position and wait for the recovery. It will come.
Institutional investors are having fun catching early movers. Being in hurry is the worst in this moment.
Obviously with all my respects towards the trader.
We can only watch and see how it goes..our 45% drawdown should have been triggered 2days ago if not for some manual intervention which is still keeping us alive but at a very critical level presently..I am really hoping for the best but also prepared for the worst case scenario..
The only think I can not understand it is why positions are not hedge. Really.
I thought BP33 stopped the positions at 30DD but I see it is not the case. We have an agreement with the broker indicating a max DD of 45, but frankly speaking and seeing the information provided by the broker I am not very much optimistic will be honoured. Also, is there any info from BP3?.
Not really. This looks bad. Very bad.
I thought BP33 stopped the positions at 30DD but I see it is not the case. We have an agreement with the broker indicating a max DD of 45, but frankly speaking and seeing the information provided by the broker I am not very much optimistic will be honoured. Also, is there any info from BP3?.
Not really. This looks bad. Very bad.
The Automated system is already trapped..the system is on manual control presently..buying the GBP heavily after brexit is never a good idea.The present situation is worse, there is a lot of selling pressure on the Pound.
yes but it is artificial pressure. The pound will come back soon, very soon. The bank of England has similar losses. Therefore very soon will be a move up.
HEDGE THe position.
HEDGE THe position.
