Quote from: The_Snowman on June 11, 2012, 06:12:17 amQuote from: statarbpro on June 11, 2012, 01:14:29 amQuote from: The_Snowman on June 10, 2012, 09:17:00 am@ statarbpro, or anyone who has read the manual, refer page 28, about trade exits, see quote, thanks for discussion 5. Exit trades either:a. Winner - At the trigger. There is no need to confirm an exit signal.b. Loser - If the trade reaches 2X your risk parameter. Meaning:1. Your risk is set to 1%2. You have a $10,000 balance.3. The trade is drawn down $200 or 2%.So, when I set my initial trade position size, according to what I thought was my RISK eg 1%, now I see that I really need 1/2 that size because my real RISK is 2% Now, is that 2% for both positions, if not, hey maybe I'm now down 4% due to having 2 trades open correct?I wonder how the EA is going to make these critical calculations when it goes live, or will is just trade an arbitrary standard size of 0.10 something like that?No, 2% risk is 2% risk for the entire arb basket. And no, it can't trade an arbitrary lot size. That would defeat the entire position normalizing / market neutral methodology and skew risk to one side or the other. If you're reading a euro pair, and aussie par and your account is in USD, everything has to come back to USD as that's what your risk is based on. 100K EUR is 126K USD at the moment and 100K AUD is 99K USD, everything is as neutral as we can make it so no, arbitrary lot sizing would not be proper.And as far as the EA controlling risk, it's really quite simple. A magic # is assigned to any 1 arb trade. PL is calculated for that arb trade and if DD reached the threshold the arb is closed. Same for the overall basket of arb pairs.Yeah, OK, great answer, but my main point was about the Manual saying "EXIT : When trade is 2 times your RISK" - Why can't it just say Exit: When your 2% Risk is reached? Why does it have to be 2 times something?Thanks again, hope to have my indicator soonYou're correct, I will clarify that in the manual.And I know I sent your indicator and login details out yesterday. Please check your SPAM folder. A Lot of our stuff gets delivered there for some reason. I'm assuming because it's a relatively new domain and we have a LOT of email traffic coming and going.
Quote from: statarbpro on June 11, 2012, 01:14:29 amQuote from: The_Snowman on June 10, 2012, 09:17:00 am@ statarbpro, or anyone who has read the manual, refer page 28, about trade exits, see quote, thanks for discussion 5. Exit trades either:a. Winner - At the trigger. There is no need to confirm an exit signal.b. Loser - If the trade reaches 2X your risk parameter. Meaning:1. Your risk is set to 1%2. You have a $10,000 balance.3. The trade is drawn down $200 or 2%.So, when I set my initial trade position size, according to what I thought was my RISK eg 1%, now I see that I really need 1/2 that size because my real RISK is 2% Now, is that 2% for both positions, if not, hey maybe I'm now down 4% due to having 2 trades open correct?I wonder how the EA is going to make these critical calculations when it goes live, or will is just trade an arbitrary standard size of 0.10 something like that?No, 2% risk is 2% risk for the entire arb basket. And no, it can't trade an arbitrary lot size. That would defeat the entire position normalizing / market neutral methodology and skew risk to one side or the other. If you're reading a euro pair, and aussie par and your account is in USD, everything has to come back to USD as that's what your risk is based on. 100K EUR is 126K USD at the moment and 100K AUD is 99K USD, everything is as neutral as we can make it so no, arbitrary lot sizing would not be proper.And as far as the EA controlling risk, it's really quite simple. A magic # is assigned to any 1 arb trade. PL is calculated for that arb trade and if DD reached the threshold the arb is closed. Same for the overall basket of arb pairs.Yeah, OK, great answer, but my main point was about the Manual saying "EXIT : When trade is 2 times your RISK" - Why can't it just say Exit: When your 2% Risk is reached? Why does it have to be 2 times something?Thanks again, hope to have my indicator soon
Quote from: The_Snowman on June 10, 2012, 09:17:00 am@ statarbpro, or anyone who has read the manual, refer page 28, about trade exits, see quote, thanks for discussion 5. Exit trades either:a. Winner - At the trigger. There is no need to confirm an exit signal.b. Loser - If the trade reaches 2X your risk parameter. Meaning:1. Your risk is set to 1%2. You have a $10,000 balance.3. The trade is drawn down $200 or 2%.So, when I set my initial trade position size, according to what I thought was my RISK eg 1%, now I see that I really need 1/2 that size because my real RISK is 2% Now, is that 2% for both positions, if not, hey maybe I'm now down 4% due to having 2 trades open correct?I wonder how the EA is going to make these critical calculations when it goes live, or will is just trade an arbitrary standard size of 0.10 something like that?No, 2% risk is 2% risk for the entire arb basket. And no, it can't trade an arbitrary lot size. That would defeat the entire position normalizing / market neutral methodology and skew risk to one side or the other. If you're reading a euro pair, and aussie par and your account is in USD, everything has to come back to USD as that's what your risk is based on. 100K EUR is 126K USD at the moment and 100K AUD is 99K USD, everything is as neutral as we can make it so no, arbitrary lot sizing would not be proper.And as far as the EA controlling risk, it's really quite simple. A magic # is assigned to any 1 arb trade. PL is calculated for that arb trade and if DD reached the threshold the arb is closed. Same for the overall basket of arb pairs.
@ statarbpro, or anyone who has read the manual, refer page 28, about trade exits, see quote, thanks for discussion 5. Exit trades either:a. Winner - At the trigger. There is no need to confirm an exit signal.b. Loser - If the trade reaches 2X your risk parameter. Meaning:1. Your risk is set to 1%2. You have a $10,000 balance.3. The trade is drawn down $200 or 2%.So, when I set my initial trade position size, according to what I thought was my RISK eg 1%, now I see that I really need 1/2 that size because my real RISK is 2% Now, is that 2% for both positions, if not, hey maybe I'm now down 4% due to having 2 trades open correct?I wonder how the EA is going to make these critical calculations when it goes live, or will is just trade an arbitrary standard size of 0.10 something like that?
Please be aware that it is not correct to simply add profit values of two different currencies in pip units, because a pip of one currency does not have the same value in account currency terms as a pip in another currency. A "pip" becomes ambiguous when you are trading different currencies, so you need to specify a pip of what currency, and you cannot add pip values of different currencies without conversion to a common currency.The vendor provides a good example in which if you add pip amounts (a wrong thing to do), the trade is a loss, but if you convert to USD currency, it's in reality a profit:So making claims that you made hundreds of pips in a day is meaningless. In order to quote correct profit figures, you need to convert the pip amounts of each side from quote currencies to account currency, and then sum to calculate net profit.So to those guys who are reporting profits in real-time, please do so in units of your account currency instead of in pips.
Hello everybody.I am now inside this ship I have open the pick EURSEK USDCAD, which signaled yestedayXOden, don't you have trigger this signal yesterday night?
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