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1.4 Supreme Signal Robot Excellent 1 (Real) (By Michigander)
The user has deleted this system.
1.4 Supreme Signal Robot Excellent 1 (Real) Discussion
Member Since May 08, 2012
316 posts
Mar 07, 2014 at 03:11
I agree. and disagree, with Silverthorn. He is correct in his observation about your margin calls. You can’t run 90% on both trades. On a 10,000 account trading standard lots at, you would have 10 lots on each trade open for a total of 20 lots?
On the other hand, high leverage and “snatching profits from the jaws of death” is not appropriate either. There is a saying that if you learn to trade well, the profits will take care of themselves. Since this is automated, your only control is appropriate money management and I see none in either example. You may get lucky and get your seed money back before the margin call, but luck is not a good long term strategy.
In any case, best wishes with the strategies.
On the other hand, high leverage and “snatching profits from the jaws of death” is not appropriate either. There is a saying that if you learn to trade well, the profits will take care of themselves. Since this is automated, your only control is appropriate money management and I see none in either example. You may get lucky and get your seed money back before the margin call, but luck is not a good long term strategy.
In any case, best wishes with the strategies.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Member Since Oct 24, 2013
261 posts
Mar 07, 2014 at 06:13
I understand what you are saying from a conventional view point and agree except that I believe in context I have very sound money management. I do have an acceptable stop loss on my trade (10% at risk) and I have an excellent stop loss to take profit ratio. The change in thinking is that the account balance is the trade and the margin call is the stop loss. I have allocated $4000 to sPhantem and funded the account with only $400. It's really just an alternative method of placing a hard stop and limiting risk while allowing high exposure.
You can't spend open trades.
Member Since Oct 24, 2013
261 posts
Mar 10, 2014 at 08:41
(edited Mar 10, 2014 at 08:43)
Guys I don't know if it's any use to you at all but I'm in the middle of preparing the 18 months of back test data on the sPhantom site into a format that will go into my spreadsheet.
http://sphantom.com/sPhantom%20Results/StrategyTester.htm
Basically collating and writing a formula that will look up the draw down of each trade and adding some randomisation to the pip values to simulate slippage because each winning trade shows a 10 pip profit. Will share when done but remember while it is helpful for longer testing of scenarios it is only back test results and should be treated as such.
http://sphantom.com/sPhantom%20Results/StrategyTester.htm
Basically collating and writing a formula that will look up the draw down of each trade and adding some randomisation to the pip values to simulate slippage because each winning trade shows a 10 pip profit. Will share when done but remember while it is helpful for longer testing of scenarios it is only back test results and should be treated as such.
You can't spend open trades.
Member Since Oct 24, 2013
261 posts
Mar 10, 2014 at 13:11
Ok here it is.
Attachments:
You can't spend open trades.
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