looking for a broker quarranty a maximm loses equal to capital
Jan 26, 2015 at 20:16
616 Angesehen
10 Replies
Mitglied seit Jan 24, 2015
24 Posts
Jan 26, 2015 at 20:16
Guys after the new EURCHF data I realized that forex handling include a negative risk outside the total lost of capital.
Although I never handled the CHF I normally go for 1 Mio or higher positions in the EURUSD.
Now I realize that a drama in the EURUSD ( what could drive it ? I don't know but everything is possible in life ) could create easily damages of 200k for a 1 Mio Euro position. Stop loss order cant protect us as it was proven in the EURCHF case. So I am looking for a broker willing to quarranty maximum losses equal to our investment capital.
Do you know anyone ? How are your handling the new problem ? Are peoples understanding that they invest 10k and they can land with a -50k account over a night ?
Although I never handled the CHF I normally go for 1 Mio or higher positions in the EURUSD.
Now I realize that a drama in the EURUSD ( what could drive it ? I don't know but everything is possible in life ) could create easily damages of 200k for a 1 Mio Euro position. Stop loss order cant protect us as it was proven in the EURCHF case. So I am looking for a broker willing to quarranty maximum losses equal to our investment capital.
Do you know anyone ? How are your handling the new problem ? Are peoples understanding that they invest 10k and they can land with a -50k account over a night ?
Low Leverage, long term trades, stay safe...
Mitglied seit Nov 21, 2011
1718 Posts
Jan 26, 2015 at 21:09
What kind of broker could prevent such event? or protect what so ever retail capital when market drops 1000 times faster than a crisis?
The solution is somewhere else.
Think ahead:
- Avoid mainstream... 95% sheeps were long on EURCHF. (They go where newspaper tell them to go) and then 100% of them are wipped out.
- People would be sceptical on such information.
Don't blame broker... they can't do nothing for you. You are (individualy) the only responsible.
As you mention EURUSD, since sepember 2014, I created a strategy that I'm currently testing called 'Trading Against the Crowd'. Since then, 13 orders have been opened on that pair... and it only opened Short positions since the last 5 months, while this time I monitored retail traders were mainly long over 65%.
It always sold the lowest market price (when people think it's time for a correction because they decided market can't go futher down)... and it has been profitable as the trend is so bearish.
Current trade @ 1.1133... no worries.
The solution is somewhere else.
Think ahead:
- Avoid mainstream... 95% sheeps were long on EURCHF. (They go where newspaper tell them to go) and then 100% of them are wipped out.
- People would be sceptical on such information.
Don't blame broker... they can't do nothing for you. You are (individualy) the only responsible.
As you mention EURUSD, since sepember 2014, I created a strategy that I'm currently testing called 'Trading Against the Crowd'. Since then, 13 orders have been opened on that pair... and it only opened Short positions since the last 5 months, while this time I monitored retail traders were mainly long over 65%.
It always sold the lowest market price (when people think it's time for a correction because they decided market can't go futher down)... and it has been profitable as the trend is so bearish.
Current trade @ 1.1133... no worries.
Mitglied seit Dec 04, 2010
1557 Posts
Jan 27, 2015 at 04:28
SynergyFX is supposed to be bringing out an account with this protection but won't be for US clients, and leverage is restricted 1:100. Waiting and seeing what comes out.
forex_trader_139412
Mitglied seit Jul 16, 2013
385 Posts
Jan 27, 2015 at 07:22
Here is an equity protecting bot. You can set it to shut down mt4/just the ea when it reaches a certain equity %/drawdown.
I doubt it would have been useful in the CHF fiasco, It looks at your equity/dd every 5 seconds, and that massive drop happened in a second. Maybe someone could edit it to check every second instead?
I doubt it would have been useful in the CHF fiasco, It looks at your equity/dd every 5 seconds, and that massive drop happened in a second. Maybe someone could edit it to check every second instead?
Mitglied seit Nov 21, 2011
1718 Posts
Jan 27, 2015 at 10:54
It doesn't matter.... Liquidity was the pb... any order would have been executed while the HUGE drop.
Mitglied seit Jan 24, 2015
24 Posts
Jan 27, 2015 at 11:06
Thanks for your response.
@aeronthomas
This will be great. I found already one OANDA having such a clause in their agreement.
@RSTrading
This will not help. Even L orders was overrided in the case of EURCHF
@CrazyTrader
Yes you are right. I am shorting EURUSD since summer. I don't step in and out. I just preserve a short position which I slowly close. I don't trade with TA like you or the most. I look on the fundamentals of the economies and the policy behind.
Thanks for your reply. I took a look in your site. great work
@aeronthomas
This will be great. I found already one OANDA having such a clause in their agreement.
@RSTrading
This will not help. Even L orders was overrided in the case of EURCHF
@CrazyTrader
Yes you are right. I am shorting EURUSD since summer. I don't step in and out. I just preserve a short position which I slowly close. I don't trade with TA like you or the most. I look on the fundamentals of the economies and the policy behind.
Thanks for your reply. I took a look in your site. great work
Low Leverage, long term trades, stay safe...
Mitglied seit Jan 24, 2015
24 Posts
Jan 27, 2015 at 11:06
@CrazyTrader
with eur.usd ατ 13.40 are you still confidence about this ? I start getting some stomach pains lol 😲
with eur.usd ατ 13.40 are you still confidence about this ? I start getting some stomach pains lol 😲
Low Leverage, long term trades, stay safe...
Mitglied seit Nov 21, 2011
1718 Posts
Jan 27, 2015 at 12:39
theodoros1 posted:
@CrazyTrader
with eur.usd ατ 13.40 are you still confidence about this ? I start getting some stomach pains lol 😲
Why stressing? EURUSD is condamed to hit parity
Mitglied seit Jan 24, 2015
24 Posts
Jan 27, 2015 at 16:08
@CrazyTrader I am stressing because euro is hitting meanwhy 1 .14 😲
Low Leverage, long term trades, stay safe...
Mitglied seit Nov 21, 2011
1718 Posts
Jan 28, 2015 at 20:00
theodoros1 posted:
@CrazyTrader I am stressing because euro is hitting meanwhy 1 .14 😲
Last partial trade has been opened @ 1.1325 and SL @ 1.1469 for both trade
Mitglied seit Jan 24, 2015
24 Posts
Jan 29, 2015 at 07:28
@CrazyTrader
Hi crazy I was trading the last two days eur.usd. great results to be honest althougth I was a little stressed up with the move up. I am confidence meanwhile that we will get it under 1.1 the coming days. 😈
Hi crazy I was trading the last two days eur.usd. great results to be honest althougth I was a little stressed up with the move up. I am confidence meanwhile that we will get it under 1.1 the coming days. 😈
Low Leverage, long term trades, stay safe...
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