Rsmereka Trading Journal - Page 9 - Pip Cop

**pipdetector** · 2009-05-11, 11:37 AM

I must admit that also I have a drawdown

problem with GT-Shadow, but it is alleviated by the fact that the position sizes are really small so it is hardly possible to wake up with the annihilated account. On the other hand, although the GT-Shadow author "proved" mathematically the principle of the expert, having read "The Black Swan: The Impact of the Highly Improbable" by N. Taleb -- I know anything can happen...

**PipCop** · 2009-05-11, 11:59 AM

I know what you mean. With the current review setup you can see there are two instances running at lots sizes that are too big for the account, and all things considered they are doing okay. The one account that got margin

called is already making it back up.

I'm about 10% of the way through that book

, too. I like it a lot!

**rsmereka** · 2009-05-11, 02:04 PM

Quote:

Originally Posted by pipdetector

I must admit that also I have a drawdown

problem with GT-Shadow, but it is alleviated by the fact that the position sizes are really small so it is hardly possible to wake up with the annihilated account. On the other hand, although the GT-Shadow author "proved" mathematically the principle of the expert, having read "The Black Swan: The Impact of the Highly Improbable" by N. Taleb -- I know anything can happen...

Fortunately, the EURJPY pair has moved lower from the it's high at midnight (GMT+2). At least I am not stumbling around, shaking and babbling incoherently now

Rick

**pipdetector** · 2009-05-11, 04:23 PM

Quote:

Originally Posted by rsmereka

(...) At least I am not stumbling around, shaking and babbling incoherently now

I got to say that even if FA is as accurate as they claim the stress that I'd go before the positions turned the right way would be too much for me. I'd rather observe your adventures from the sidelines. One thing cannot be denied FA can provide a nice shot of adrenaline every day... (when you score and when the positions "temporarily" go the other way)

**rsmereka** · 2009-05-11, 04:39 PM

I meant that line as a joke.

Truth is that I have traded more long-term than short

and I am used to waiting months for a trade to close in profit so I guess I can take a few days here or a week there.

Rick

**pipdetector** · 2009-05-12, 03:40 AM

Did you close the EUR/JPY trade on a FA signal?

**rsmereka** · 2009-05-12, 04:57 PM

Quote:

Originally Posted by pipdetector

Did you close the EUR/JPY trade on a FA signal?

That is a maddening story

,

I got a signal to exit the EURJPY trade but when I checked, the signal was two hours old. I checked another email account that also receives the signals and it was the same thing. By the time the signal arrived, the price had moved 60 pips against me. Rather than risk an unmanaged trade, I closed it and took the loss. So much for a zero loss system.

Rick

**pipdetector** · 2009-05-12, 05:19 PM

I guess the only way to avoid late response to the signals is to use the fully automated system

**rsmereka** · 2009-05-13, 12:51 PM

Quote:

Originally Posted by pipdetector

I guess the only way to avoid late response to the signals is to use the fully automated system

Even with their 'diamond' membership where everything is automatic, if the close is issued too late, I can still loose.

Rick

**pipdetector** · 2009-05-13, 04:04 PM

So do you think about coming back to the mechanical system that you mentioned the other day?

I made a sum up of what happened on the account that I use to host FAPT at in the last 2 months and it seems that FAPT lost ca 18% of the equity and even my proprietary trades are better than using the ea...

On the other hand Megadroid is doing really well only one loss and 15 wins...