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

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Oct 28 2019 at 08:45
DD has been calculated different than the true DD by definition and so misleading. Most people don't understand it and this will impact their evaluation of trading performance.

That is what I want to say and hopefully more people can really understand and better pick the right one to follow.

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) Nov 11 2019 at 17:23
Highest Equity achieved!

This account currently shows (After withdrawing $2,000 about 45' ago):

Balance: $96,995.03
Equity: (49.68%) $48,184.16
Floating PL: -$48,810.87
Deposits: $25,585.92
Withdrawals: $14,881.24


So, do not get fool by the Equity percentage (49.68% above). The main thing is the equity keep growing.

Good trading to all.
Attachments:

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) Nov 15 2019 at 10:34 (edited Nov 15 2019 at 10:50 )
I am freeing up the margin to gradually withdraw the money out of this account.

See that the balance go down a lot but the equity is going up. Equity is the key!!!

At this moment:

Balance:$71587.56
Equity:(74.12%) $53061.59
Highest:(Nov 14) $101297.65
Profit:$60882.77
Interest:-$3681.61
Deposits:$25585.92
Withdrawals:$14881.24

Note that the Equity (including withdrawals and deposits) is at its highest: $53061.59 + $14881.24(withdrawals) - $25585.92 (deposits) = $42356.32. This is real profit, currently the highest.

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) Nov 15 2019 at 11:22 (edited Nov 15 2019 at 11:51 )
That is why the profit sharing fee is based on Equity High Water Mark.

The gain curve is actually based on the balance value which is not really count and so can be misleading.

The real important thing is Equity, Equity curve (if we don't do any withdrawing and depositing along the way).

If you can prove that you can make money grows, tons of money will flow to you.
fastdrive55

Member Since Jun 27, 2014  90 posts Andy Zatt (fastdrive55) Dec 05 2019 at 11:11
What happened on Oct.2nd? I see one trade after the other - all negative. Ouch! Isn't there some kind of SL implemented? I have also a trading rule in my EA, that it stops trading on any day, if there is a certain amount of capital lost.

You haven't been around lately.
marco_mmbiz

Member Since Jul 20, 2019  57 posts marco_mmbiz Dec 05 2019 at 12:43
fastdrive55 posted:
What happened on Oct.2nd? I see one trade after the other - all negative. Ouch! Isn't there some kind of SL implemented? I have also a trading rule in my EA, that it stops trading on any day, if there is a certain amount of capital lost.


You mean the 15th of November, or? That day looks a bit crazy in my opinion aswell.
Attachments:

patience is the key
CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Dec 05 2019 at 15:27
marco_mmbiz posted:
fastdrive55 posted:
What happened on Oct.2nd? I see one trade after the other - all negative. Ouch! Isn't there some kind of SL implemented? I have also a trading rule in my EA, that it stops trading on any day, if there is a certain amount of capital lost.


You mean the 15th of November, or? That day looks a bit crazy in my opinion aswell.


As stated previously, the 'loss' you see is just on the balance, not on equity. That is why I called it 'cleaning thing up'.

Equity is the key. Don't be fooled by the balance value.

Many traders look/focus on the balance number, not equity number. Their balance going up but the equity keeps going down.

If you can prove that you can make money grows, tons of money will flow to you.
fastdrive55

Member Since Jun 27, 2014  90 posts Andy Zatt (fastdrive55) Dec 05 2019 at 15:32
Yes, Marco. But I can see the losses on the 'history' page in October, which is odd. I cannot explain that either.

You haven't been around lately.
CuongVC

Member Since Oct 01, 2009  197 posts Cuong (CuongVC) Dec 05 2019 at 15:57
Do this test for yourself and see what I want to say...

On a $10,000 account, buy and sell 1 lots of EURUSD. Wait for the market to move up 200 pips. The 'buy' trades will be in profit ~10x100= $2000. The 'sell' trade will be in loss ! $2000. Balance & Equity are still ~10,000.

Now close the 'buy' trade. The balance is now ~$12,000. Equity is still ~10,000.

Wait a little more, the market keeps moving up 100 pips. Now the balance is ~12,000 but the equity is only ~10,000-2,000= 8000.

It is very easy to increase the balance. It is very hard to increase the equity.

So don't look at the balance value, look at the equity value!

So the 'Growth' curve also misleading because it is based balance values to calculate the 'growth'.

The DD is a big misleading: it calculate based on the balance value (DD=Balance(1-Equity percentage)). The true DD compares the equity now to the equity peak, not to the balance.

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) Dec 05 2019 at 15:58
A lot of open positions from past were closed out to clean the slate.

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EURUSD 1.10261 GBPUSD 1.30719
USDJPY 109.285 USDCAD 1.31473

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.