Discussion Caesar@IcMarkets

i dont have an issue with the DD but trading a grid on NFP is a gamble

bmigette posted:
Guys it is always easy to tell what we should have done afterward. I personally don't know any strategies that allows 10-20% profit a month with max DD 30%. If you know one feel free to suggest. The only critic I could do to cesar is signal price.
Let's see in another 6 months if we get another DD Hit.

The annoying thing is 30% of which account? Mine has went WAY past 30% also for some it has been a hit and not a DD and it was completely avoidable. You don't go sailing when there is a hurricane forecast !

I love the optimism in here but I am really NOT convinced that the Euro will recover without testing the 1.25000 level again and that is real twitchy anus time. There are 24 trades open. My pip price was $5 a pip bUt with 24 trades open I am now at $120 a pip. A 10 pip move is over $1,200 movement in my account. Not meaning to preach to anyone, just explaining the situation when multiple trades are open. My advice, for what it is worth, switch the signal off. Do not let it open any more trades. It just kills your margin and you run the risk of your broker closing out the big loss trades (remember, your equity has to remain 80% of your margin). Then close out all the trades when you see the master account do the same. I do not expect any profit from this basket and would take a 20% hit right now than endure the pain that awaits on Monday.


There will be many of us watching price is on market open. I just hope it doesn't gap down over the weekend and that the Asian session drives the price down before Europe comes online.

What a holy mess !!!!

Tomas you have screwed many of us with this. DO NOT TRADE NEWS !!

juham posted:
I feel I have to stick up for Tomas as he has always let it known that a 30% drawdown could occur about once a year. I am glad to see he stuck to his rules unlike other signals I've followed in the past.

And this EA has always traded NFP. Thats where some of its best profits have come from. Not trading NFP every month would probably reduce the returns.

No he has not!

juham posted:
I feel I have to stick up for Tomas as he has always let it known that a 30% drawdown could occur about once a year. I am glad to see he stuck to his rules unlike other signals I've followed in the past.

And this EA has always traded NFP. Thats where some of its best profits have come from. Not trading NFP every month would probably reduce the returns.

.... meaning that this EA has NOT always traded the news !

Does anyone know how many time during 2014 the EQUITY has been down -10% or less during active trading (for each cluster of traded positions)? I have kept data statistics for August and September but I don't know how it has been before.

Grateful for your answers!

Tomas,

As can be seen, had you Hedged the basket instead of closing all the trades, all your clients would now be in nice profit. Had the price not recovered but continued to drop, the use of a Hedge would not have increased the loss.

Please consider allowing your clients to decide their method of exiting a bad trade.

Tomas,

Another reason for the master to NOT decide DD closes is your client may be running their account at other than $500 / 0.01 lot. As example had I been running at $1,000 / 0.01 lot my DD would only have been 50% of the Master, 16.5% versus 33%, yet the Master would have closed my trades when my DD was still very acceptable.

This suggests the Master should not do DD close out as the DD of each client account may be very different to the Master.

Please consider stopping the Master closing out client trades due to Master DD.

FxPhil posted:
This suggests the Master should not do DD close out as the DD of each client account may be very different to the Master.
Please consider stopping the Master closing out client trades due to Master DD.

your suggestions are not compatible with the nature of any signal. What you are searching for is a customizable EA, delivered by a signal...

FxPhil posted:
Tomas,

Another reason for the master to NOT decide DD closes is your client may be running their account at other than $500 / 0.01 lot. As example had I been running at $1,000 / 0.01 lot my DD would only have been 50% of the Master, 16.5% versus 33%, yet the Master would have closed my trades when my DD was still very acceptable.

This suggests the Master should not do DD close out as the DD of each client account may be very different to the Master.

Please consider stopping the Master closing out client trades due to Master DD.

I totally agree. There should have been a Standard Master (0.01/1000) and a High Risk Master (0.01/500) and a Super High Risk Master (0.01/300).

FxMasterGuru posted:
I totally agree. There should have been a Standard Master (0.01/1000) and a High Risk Master (0.01/500) and a Super High Risk Master (0.01/300).

i have asked numerous times that i want an additional earth to be flat, but i only got this one, which is round

cyberryder posted:

FxMasterGuru posted:
I totally agree. There should have been a Standard Master (0.01/1000) and a High Risk Master (0.01/500) and a Super High Risk Master (0.01/300).

i have asked numerous times that i want an additional earth to be flat, but i only got this one, which is round

😁

Well, good luck with the latest 27 odd trades in severe draw-down. With the dollar weakening while Traders wait for the FOMC minutes tomorrow, I fear a repercussion of the NFP event of Friday only on a worse scale. I still believe that there's some merit in reducing the lot size of the primary trade and hedging at twice the original size at 10pips draw down. This way you have the potential to win both the primary trades and hedge. With a trailing hedge of 15 pips, the original trades would have closed in net profit. I didn't back test this but perhaps someone can?

wow -33.7%DD - again on C2 master

And again DD Hit ... I think i'm done with cesar...

What were the odds to have two full SL within 3 trading days after such a perfect performance for a year...?

Well, on August 18, 1913 at one of the roulette tables at the Monte Carlo Casino the ball landed on BLACK 26 consecutive times in a row...

What were the odds...?

Tomas will have to go through very hard months now and i think will loose a lot of subscribers

if i look at the list of private subs... a sea of red... poor guys :-/

I sent him an email to consider selling the EA instead of signal, because it proved you can't safely go higher than 0,01 / 1k. That is 3k min to be profitable...

FxMasterGuru posted:
What were the odds to have two full SL within 3 trading days after such a perfect performance for a year...?

Well, on August 18, 1913 at one of the roulette tables at the Monte Carlo Casino the ball landed on BLACK 26 consecutive times in a row...

What were the odds...?

0.000000000000000000000000000000000000000084%. Calculated for roulette woth 36 numbers and two 0 and 00.

It is an unlikely event but, the chances are not 0. Given the fact that there are thousand casinos working non stop, it is a sure thing it will happen again :)

I heard yesterday that of the trillions traded each day, some $80billion is as a result of Retail traders like us. It would be far more upsetting if it turned out that it wasn't chance.........