Volatility Trader - 1:4 Demo討論

tbuitendyk posted:
    I just noticed that we're in 5th place even though we've got something like 2,600 pips. OK, that's just wrong! 😂

I've just taken my revenge by increasing our order sizing by 150% 😁

forexample posted:
    Hmmm, this was the first account of these competition entries I looked at, after looking at some of the others I feel I should qualify my above statements so as not to seem I am bagging you personally.

Some of the accounts are in negative pips but positive territory - they must be doing some serious martingaling or some kind of tripped out MM.

These competitions are fun, but they only encourage people to go mad on the risk in the hope of winning. What is worse is that people see these accounts and go OMG I wanna make that much and start asking about managed accounts et. al. and the end result is that people end up disappointed and/or their accounts get blown all because they focus on reward first and forget all about risk ie greed is the driving factor.

The only way for any of these contests to really show any honest and realistic results and comparison is if traders are forced to use a determined stop loss AND a determined risk relative to that stop for example max 5% risk per trade.

Otherwise the competitions will continue to be what they are, nothing more than games. Anyone who knows this business knows people who treat trading as a game end up food for the lions.

Despite all this, rules are rules, you are playing according to them and I wish you the best of luck.

pc8multifx posted:
    Sorry T.B., it makes no sense..

kishorejoga posted:
    DOnt try to take revenge on Markets by increse on lots and risk it will easily swallow your money T.B

tbuitendyk posted:
    Hmm...

It appears that we've taken a margin call in our demo account. That's what happens when you focus on % gain too much and forget about pips.

tbuitendyk posted:
    

pc8multifx posted:
    Sorry T.B., it makes no sense..

Perhaps not to you.

Option 1:

a) 1:5 leveraging risk: 100 pips earned today, 150 pips lost tomorrow, 200 pips earned the next day.
b) 1:5 leveraging reward: eat bread today, tomorrow, and the next day.

or

Option 2:

a) 1:400 leveraging risk: 100 pips earned today, 150 pips lost tomorrow, quit trading because your funds are gone.
b) 1:400 leveraging reward: eat steak today and go on a diet tomorrow.

We earn pips.

We use Option 1 to convert pips to $ at a rate that is safe, not at a rate that is necessary to win a contest like this. To make 500% in one month (or whatever non-real-world rate) implies the risk of margining the account like in this contest. That's all I'm saying.

Any monkey can convert pips to $. The hard part is converting currency movement into pips. That's why I maintain that a better contest would measure success in pips, not $. This is not 'sour grapes' - it's simply my philosophy of trading, which apparently does not make sense to you, but it does to me and to our clients who earned around $100k this month...

I knew the rules when trying it out and really, I don't mind the result -- it's just that I'm not interested in seeing how far I can push the risk to win a contest as that does not reveal system performance. That reveals who gets lucky in the end, that's all.