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Mysticforex

Traders Laboratory Forex Trading Contest!

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Well done Option, and thank you for pointing to that thread, I didn't know existed. I've also started reading Stanley Kroll's book you recommand, great author I also ignored.

I must say that I could not find the answer to the question of Bob, since the strategy in your thread, as taught by SK is one of long term trend following. But here you hit so fast and hard !

 

 

Thank you, Bob. I already did show how I do it in another thread here at TL:

 

http://www.traderslaboratory.com/forums/trading-psychology/10158-optiontimers-project.html

 

What I'd like to know is how I am showing a huge max drawdown. I did not have a losing trade this month. When I go back through my activity for the month, I see a low balance of $99,809.21. Before the contest started, I adjusted the balance from 170K +/- to 100K even. This was done before October 1, so that should not have effected the drawdown number. I had a stop loss and profit target associated with each entry order, and the only orders filled according to my activity is entry orders and take profits, so I am a bit baffled by the max drawdown number.

 

My current balance in the practive account is $115,162.13. Rather than adjust it back to 100K even, I will just use that as my starting balance for the November contest.

 

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Hi Nic

Welcome back.....bugger for punishment.

I am going to be your manager........10% commission.

Please make your usual BOLD first trade , then consult with me.

DO NOT MAKE THAT second trade before consultation.

regards

bobc

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Hi Nic

Welcome back.....bugger for punishment.

I am going to be your manager........10% commission.

Please make your usual BOLD first trade , then consult with me.

DO NOT MAKE THAT second trade before consultation.

regards

bobc

 

if you knew my hobbies you'd realise i am drawn to pain.

:)

i don't know which mind controls the finger first but they can be a hassle to hold back cause when you hold this one down another 5 try to gain control of it.

 

my plan is to try and trade smaller lot size. so its harder for me to blow up. :roll eyes:

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if you knew my hobbies you'd realise i am drawn to pain.

:)

i don't know which mind controls the finger first but they can be a hassle to hold back cause when you hold this one down another 5 try to gain control of it.

 

my plan is to try and trade smaller lot size. so its harder for me to blow up. :roll eyes:

 

Hi Nic

You have just disclosed what every trader does after blowing two accounts.Me included.

The books tell you to do this . Everybody says the same.

Trade to lose maximum 2% of your account each trade .

Do you think the Big Money has a 2% limit? PLEASE.

Trade your normal BOLD method.If you blow this account, save for the next one.

regards

bobc

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Hi Nic

You have just disclosed what every trader does after blowing two accounts.Me included.

The books tell you to do this . Everybody says the same.

Trade to lose maximum 2% of your account each trade .

Do you think the Big Money has a 2% limit? PLEASE.

Trade your normal BOLD method.If you blow this account, save for the next one.

regards

bobc

 

yes sir.

i hope the demons will let me off this time.

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Everyone just be sure the contest you join has the November 5th start date.

 

Hi I have joined but cannot find any rules for the contest would you please direct me.

 

Thank you Nigel

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just want to remind a small detail, you can create a subaccount which you can enable mt4:
I managed to get the account set up and enter the contest before spotting Obsidian's suggestion at post #348. Does anyone know a way to go back now and set up that MT4 sub-account without getting kicked out of the contest?

 

Also, there was a debate last month over whether to allow 20% or 30% drawdown. How was this resolved?

 

Is it drawdown from initial equity, or DD from peak? (or some other measure?)

 

Is breaking DD the only way you can be bounced from the contest

 

Thanks in advance.

 

dwt

Edited by dwt

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I must say that I could not find the answer to the question of Bob, since the strategy in your thread, as taught by SK is one of long term trend following. But here you hit so fast and hard !

 

It is right there in the first post where I quote Kroll: "... traders who stress accuracy of trade timing, both entry and exit ..."

 

It is all in the timing ...

 

-OT

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I managed to get the account set up and enter the contest before spotting Obsidian's suggestion at post #348. Does anyone know a way to go back now and set up that MT4 sub-account without getting kicked out of the contest?

 

Also, there was a debate last month over whether to allow 20% or 30% drawdown. How was this resolved?

 

Is it drawdown from initial equity, or DD from peak? (or some other measure?)

 

Is breaking DD the only way you can be bounced from the contest

 

Thanks in advance.

 

dwt

 

 

If the sub acct has a different digit in it, it will not be accepted. The Enrollment period is over.

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If the sub acct has a different digit in it, it will not be accepted. The Enrollment period is over.
No worries. I'll stick with what I have.

 

Thanks.

 

dwt

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I will re read the whole thing then.

Thank you

 

It is right there in the first post where I quote Kroll: "... traders who stress accuracy of trade timing, both entry and exit ..."

 

It is all in the timing ...

 

-OT

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