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unicorn (By unicorn)

Gain : +116.71%
Drawdown 92.41%
Pips: 22.0
Trades 3014
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

unicorn Discussion

unicorn
Apr 09 2011 at 02:42
6 posts
Hi Mike,
Thanks for your support, I'll do my best.

mikerawson
Apr 17 2011 at 00:29
26 posts
Hi Unicorn, very happy with your trading overall - the system is pretty good at managing the difficult trades which is what i rate the most when i look at the system performance.

 We should have some more funds for you by end of the month.. I hope your planning to hang around cause we are planning to keep building your funds under management 😁

Great work and many thanks
mike

Survival of the Fittest
stevetrade (stevetrade)
Apr 17 2011 at 16:36
1408 posts

stevetrade posted:
    Is there martingale based staking involved in this?

There are times when you make a profit from negative pips.


Any comments on this question?

The system is currently at 77% equity, so I'm thinking more and more that this has at least some element of martingale and hold and hope to it.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
mikerawson
Apr 17 2011 at 19:06
26 posts
hi steve, sorry on the delay i missed this one..

what hapeens is that uni normally takes one position and if it goes well then we profit take out - business as usual..
if the position goes agiainst us then he will take another position but with the same lot size.. i have seen up to 4 positions on a trade but with same lot size - also he then adjusts the profit take for them all to basically get out of jail - ie they all have the same PT..

im ok with this.. also while this position is in trouble he is still banking other trades so even if the the whole position goes bad my feeling is he would make that up in about 1-2 weeks.. so far i have not had one go bad - but obviuosly it will at some point and im fine with that as firstly his bet size is low and secondly he doesnt add to the lot size when things get a bit hairy..

does that help?
cheers
mike
 

Survival of the Fittest
stevetrade (stevetrade)
Apr 18 2011 at 07:07
1408 posts
Thanks for the explanation Mike

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Haitrader
Apr 18 2011 at 17:33
76 posts
For me it is definitely a martingale system especially after the 18. april. With a deposit of 12.000, there is a DD of more than 7000...... earlier or later the system will blow up your account..... definitely

There are only a few shortcuts in life ....... but for successful trading you have always to go the extra mile
MoneyFountain1 (MoneyFountain1)
Apr 18 2011 at 20:44
57 posts
The balance at start of April 18 was 26,902.00

If you look closer, the original deposit was 12,600, withdrawals are 15,000 (so, he is playing with banks money).
And further took the balance further to 32,000 and change.

I am not defending the system, but reporting the facts as I see them.

Yes, there are some heavy DD's, but with those kind of figures, and regular withdrawals, he is certainly way ahead.

Haitrader posted:
    For me it is definitely a martingale system especially after the 18. april. With a deposit of 12.000, there is a DD of more than 7000...... earlier or later the system will blow up your account..... definitely

All things come to those who wait.
Haitrader
Apr 19 2011 at 04:50
76 posts

MoneyFountain1 posted:
    The balance at start of April 18 was 26,902.00

If you look closer, the original deposit was 12,600, withdrawals are 15,000 (so, he is playing with banks money).
And further took the balance further to 32,000 and change.

I am not defending the system, but reporting the facts as I see them.

Yes, there are some heavy DD's, but with those kind of figures, and regular withdrawals, he is certainly way ahead.

Haitrader posted:
    For me it is definitely a martingale system especially after the 18. april. With a deposit of 12.000, there is a DD of more than 7000...... earlier or later the system will blow up your account..... definitely


everything, what you say is right, but one problem: even if he had luck and plays now only with the win today............ the DD could also happen on the first day of using the system....... and what would then the conclusion? ........... margin call !

There are only a few shortcuts in life ....... but for successful trading you have always to go the extra mile
MoneyFountain1 (MoneyFountain1)
Apr 20 2011 at 00:13
57 posts
Hi Haitrader,

From the looks of it, he uses much higher risk on his own account than on that of his client accounts (Disclaimer: I am a client).
While his account has been fluctuating quite a bit since Friday, mine has been relatively stable as is another account, of which I can only see the equity% as most details are not revealed just like this one. My account facing the same turmoil took a max. peak to valley of 6% while the other client account seemed to go as high as 10%.

The problem with almost any EA is that they do not (and cannot) react to extreme market reactions, with the exception of scalping EA's which are generally specifically programmed to react to these conditions.

I can assure you from what I have seen so far - key word 'So Far' - is that they do not use martingale. The EA does exactly what Unicorn stated, it averages up or down as the case may be.

I generally allow a max DD of 20 - 25% at which point I shut down all trades.



Haitrader posted:
    
everything, what you say is right, but one problem: even if he had luck and plays now only with the win today............ the DD could also happen on the first day of using the system....... and what would then the conclusion? ........... margin call !

All things come to those who wait.
tapachula (tapachula)
May 14 2011 at 16:51
193 posts
With a martingale/grid strategy is just matter of time, the only safe way is to put ultra small lot size trades but the risk/rewards in this cases is very bad. In the other hand if you run with lucky a few months and wisely withdrawal the profits you can play with the profits and maybe get a very good return, is like all in bet.

If you backtested ForexHacked since 2010 until today, only GPBUSD in a 20K account startiing trade of 0.10 lots, you end with 130K balance and max DD of 19% very nice, but this settings doesnt pass other years. If you want to pass all years since you need 100K balance and starting trades of .10 and sometimes you get 50% FL who wants to risk 100K to trade .10 lots and maybe a FL of 50K o MC?

I personally think, a martingale/grid strategy maybe can take a small portion of your portfolio and dont run all time, there are specially good years for this strategy in some pairs but Who knows how it will do this year or next?

Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
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