VCC MT4-2 (by CuongVC) Quick Stats
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VCC MT4-2 Discussion
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JForex78

Member Since Apr 25, 2019  49 posts JForex78 (JForex78) Aug 29 2019 at 21:18 (edited Aug 29 2019 at 21:20 )
Hi,

Have you forgotten to close the 3 AUDUSD Buy Trades on Aug 13?

They are drawing down the system to 25%. And we had multiple opportunities to close them at $0.

Will you pls look into them?

Thank you.

CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 21 2019 at 18:53
No JForex78, I do not forget them.

If you can prove that you can make money grows, tons of money will flow to you.
JForex78

Member Since Apr 25, 2019  49 posts JForex78 (JForex78) Oct 22 2019 at 16:15
That was from 2 months ago... but thanks.

CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 23 2019 at 01:16
DD value in here is not the true DD. Currently is just based on Equity%. That is (Equity/Balance)%. DD= 100%- Equity%. That is DD= (Balance-Equity)/Balance. That is not truly DD per definition.

The DD should purely based on Equity. It should be like this: True DD= (EquityPeak- Equity)/PeakEquity.

The DD calculated here leads to higher DD value when your balance grow even though the Equity stay unchanged.

Example:
  At time 0:
      Balance= 1000; Equity= 1000;
  At time 1:
      Balance= 1000; Equity= 900; EquityPeak= the highest equity in the past= 1000; DD= (1000-900)/1000= 10%; TrueDD= (1000-900)/1000= 10%
  At time 2:
      Balance= 1100; Equity= 900; EquityPeak= the highest equity in the past= 1000; DD= (1100-900)/1100= 18.18%; TrueDD= (1000-900)/1000= 10%

The 18.18% above is not right. The equity still stay the same compared to it at time 1 so the drawdown should stay the same at 10%.



If you can prove that you can make money grows, tons of money will flow to you.
CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 23 2019 at 07:08
JForex78 posted:
That was from 2 months ago... but thanks.

I replied to you long ago in private message.

If you can prove that you can make money grows, tons of money will flow to you.
CASHLOVE

Member Since Oct 17, 2019  5 posts CASHLOVE Oct 24 2019 at 10:47
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CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 24 2019 at 13:11
CASHLOVE,
 if you click my name you can see my profile. The contact information is listed there.

Regards

If you can prove that you can make money grows, tons of money will flow to you.
JForex78

Member Since Apr 25, 2019  49 posts JForex78 (JForex78) Oct 24 2019 at 15:22
CuongVC posted:
DD value in here is not the true DD. Currently is just based on Equity%. That is (Equity/Balance)%. DD= 100%- Equity%. That is DD= (Balance-Equity)/Balance. That is not truly DD per definition.

The DD should purely based on Equity. It should be like this: True DD= (EquityPeak- Equity)/PeakEquity.

The DD calculated here leads to higher DD value when your balance grow even though the Equity stay unchanged.

Example:
  At time 0:
      Balance= 1000; Equity= 1000;
  At time 1:
      Balance= 1000; Equity= 900; EquityPeak= the highest equity in the past= 1000; DD= (1000-900)/1000= 10%; TrueDD= (1000-900)/1000= 10%
  At time 2:
      Balance= 1100; Equity= 900; EquityPeak= the highest equity in the past= 1000; DD= (1100-900)/1100= 18.18%; TrueDD= (1000-900)/1000= 10%

The 18.18% above is not right. The equity still stay the same compared to it at time 1 so the drawdown should stay the same at 10%.




@CuongVC

Thats a good argument.

But remember,
DD= (Balance-Equity)/Balance

Is the classic formula. Because DD is really trying to measure 'the gap' between the current balance, and current equity.

Even though your balance increases, and equity remains same - the gap has increased. Thats what the 18.18% is trying to report.

What its saying is, that equity has not caught up with increased balance yet.


CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 25 2019 at 09:38
Balance increase faster than equity, in this period. That is totally fine with me because the key is the equity. Your account is worth at your equity value.

So, try to focus on the equity number, not the balance. The gap between balance and equity is just unrealized loss which will fluctuate and become will smaller when the price pull back which it always do.

If you can prove that you can make money grows, tons of money will flow to you.
JForex78

Member Since Apr 25, 2019  49 posts JForex78 (JForex78) Oct 28 2019 at 03:50
CuongVC posted:
 the key is the equity. Your account is worth at your equity value.


Correct. But DD has got nothing to do with which is more important between Balance and Equity.

The classic DD formula measures the gap between Balance and Equity, at the same time on Time axis.

If you are going to measure the difference between Equity and Equity itself, one Peak and one Current, now you cannot have the same time on time axis. You have to pick them from two separate times - one somewhere in the past, and one current. Which is a flaw.

This is why MyFXBook, SignalStart, MQL5, all of them define and calculate DD as difference between Balance and Equity, at a given time.

They are not going to change that if someone thinks it should be a difference between Peak and Current Equities - try asking them to change it!

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