Pip Cop - Forex Robot Reviews - View Single Post - Forex MegaDroid review

Hyperdimension · 2009-08-19, 06:39 AM

PipCop, it's funny to see that the big losing trades came in only after you increased the Risk Level to 0.35, which is quite high.

A similar thing happened to me in the past through a manged account ... it was going really well for months with hardly any drawdown, and I deposited more money a few times. One day the trader decided to double the position sizes and soon ended up with a margin call, and I lost 5 big figures of real US dollars. I wasn't happy about that.

It's so easy to become over-confident after months of wins. But you can never predict when the next losing trade will be... it can always be the next trade.

It reminds me of a quote that I had read somewhere: "The maximum drawdown (of a trading system) is always in the future"

2009-08-19, 06:39 AM	#209 (permalink)
Hyperdimension Rookie Pip Officer Posts: 11	PipCop, it's funny to see that the big losing trades came in only after you increased the Risk Level to 0.35, which is quite high. A similar thing happened to me in the past through a manged account ... it was going really well for months with hardly any drawdown, and I deposited more money a few times. One day the trader decided to double the position sizes and soon ended up with a margin call, and I lost 5 big figures of real US dollars. I wasn't happy about that. It's so easy to become over-confident after months of wins. But you can never predict when the next losing trade will be... it can always be the next trade. It reminds me of a quote that I had read somewhere: "The maximum drawdown (of a trading system) is always in the future" Last edited by Hyperdimension; 2009-08-19 at 07:01 AM.