Tradewise drawdown in Pips.投票結果
Tradewise drawdown in Pips. 討論
Mar 25, 2010 at 10:05
1,909 視聴
10 Replies
Mar 25, 2010 at 10:05
Hi,
It would be great if you can indicate in the trade history section, for each trade, the drawdown number of pips.
eg : lets say there's a trade which has closed @ +50pips. it may have had a drawdown of -20pips before it closed.
I believe this information will be extremely useful to traders to constantly fine tune their risk management.
However, u need to keep in mind that it has to be specific to the broker concerned.
I hope you will be able to implement this feature.
Thx.
It would be great if you can indicate in the trade history section, for each trade, the drawdown number of pips.
eg : lets say there's a trade which has closed @ +50pips. it may have had a drawdown of -20pips before it closed.
I believe this information will be extremely useful to traders to constantly fine tune their risk management.
However, u need to keep in mind that it has to be specific to the broker concerned.
I hope you will be able to implement this feature.
Thx.
Mar 25, 2010 at 10:29
(編集済みのMar 25, 2010 at 10:31)
It's a nice feature but I think it's going to be a hard one to implement. Because you'll have to match the trade with the market price tick by tick for the relevant period. Drawdown of an individual trade is less helpful to me than the drawdown of a set of them. Because you know there is some randomness in every single trade.
And wow what a winning streak you're having!
And wow what a winning streak you're having!
Mar 31, 2010 at 02:21
One example of use of this information would be in fine-tuning entry points to further reduce drawdown and thereby reduce duration of trades.
What needs to be done is, when the trade is complete we need to check the lowest price tick in that window of time, (in the case of a long trade) or highest price tick in the case of a short tick. If the trade was between 1-4 hrs then the lowest low/highest high of those bunch of H1 candles will be the price tick that we need. I guess this can be done manually by checking it and entering it into the comments column provided...... but if this feature can be added it'll be GREAT ! 😁
What needs to be done is, when the trade is complete we need to check the lowest price tick in that window of time, (in the case of a long trade) or highest price tick in the case of a short tick. If the trade was between 1-4 hrs then the lowest low/highest high of those bunch of H1 candles will be the price tick that we need. I guess this can be done manually by checking it and entering it into the comments column provided...... but if this feature can be added it'll be GREAT ! 😁
Mar 31, 2010 at 13:19
I have been thinking about this same subject for few days now. I did not dare to ask it here, but instead trying to program a MT4 indicator myself. AFIK it would be easy to implement the algorithm in the Myfxbook EA to calculate the max drawdown/max profit per open trade. Other trading platforms might not be that easy.
exquisite entries with calculated exits
Aug 31, 2009からメンバー
131 投稿
Mar 31, 2010 at 14:23
This will draw a chart of the drawdown in MT4 - https://codebase.mql4.com/6217
It ain't easy being Cheesy!
Aug 20, 2009からメンバー
216 投稿
Sep 29, 2010 at 07:46
(編集済みのSep 29, 2010 at 07:50)
ranesh posted:
Hi,
It would be great if you can indicate in the trade history section, for each trade, the drawdown number of pips.
eg : lets say there's a trade which has closed @ +50pips. it may have had a drawdown of -20pips before it closed.
I believe this information will be extremely useful to traders to constantly fine tune their risk management.
However, u need to keep in mind that it has to be specific to the broker concerned.
I hope you will be able to implement this feature.
Thx.
This must be combined with the win rate. If your win rate is 80% and your pip gain is 10 pips(TP) for a SL of 10 then you will gain 60pips from ten trades. If your win rate is 50% you will gain 0pips from ten trades. Furthermore the win rate must be weighted as % of equity. At Oanda you could execute 1000 one penny trades which is conflated with lets say 2 standard lots , misrepresenting the risk that went into a trade. The win rate calculation on these 1002 trades would be meaningless. Each trade must be assigned a 'risk' and 'random luck' factor, which will take equity into account.
When you short the euro with one penny on Oanda, there is no risk involved. The trade on its own is meaningless . One is trying to quantify the risk/reward ratio of a system.
Jun 26, 2011 at 15:00
Just refreshing this suggestion.
I was thinking.... now that we have the auto-update feature which happens every 5mins and since the number of pips of the open trades are shown anyway, can we not use this value to keep a track of pip drawdown of a given trade and once the trade is closed either at a loss or profit, simply pass this on to the history section together with the remaining details that currently get passed on. There is bound to be a difference of a few pips (or more depending on volatility) in that 5 min update window but at least we will have a fairly reasonable reference point for pip drawdown analysis.... at least until sometime in the future where you will be able to make available a 100% accurate value... based on each broker's feed that the account uses.
Any other thoughts ?
Thanks.
I was thinking.... now that we have the auto-update feature which happens every 5mins and since the number of pips of the open trades are shown anyway, can we not use this value to keep a track of pip drawdown of a given trade and once the trade is closed either at a loss or profit, simply pass this on to the history section together with the remaining details that currently get passed on. There is bound to be a difference of a few pips (or more depending on volatility) in that 5 min update window but at least we will have a fairly reasonable reference point for pip drawdown analysis.... at least until sometime in the future where you will be able to make available a 100% accurate value... based on each broker's feed that the account uses.
Any other thoughts ?
Thanks.
Jul 02, 2011 at 18:53
ranesh posted:
Any other thoughts ?
Hey Ranesh,
isn't this the same idea here:
https://www.myfxbook.com/community/suggestion-box/maximum-ddtrade-pips/70383,1
Seems to me, Solar & you are on the same bus! 😄
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Jul 02, 2011 at 20:20
(編集済みのJul 02, 2011 at 20:21)
speki posted:
ranesh posted:
Any other thoughts ?
Hey Ranesh,
isn't this the same idea here:
https://www.myfxbook.com/community/suggestion-box/maximum-ddtrade-pips/70383,1
Yes indeed. I didn't realize the same suggestion was posted 8months after mine.
So basically we have a combined 22 votes for this suggestion.
I made another suggestion a long while back, about sorting the posts in the suggestion box according to status.. need to locate and refresh it... will help avoid multiple posts of the same suggestion already posted.
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