ND Finance (SIG-R) (By forex_trader_19401)

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ND Finance (SIG-R) Discussion

Oct 01, 2010 at 00:23
1,758 Views
29 Replies
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 01, 2010 at 03:22
😄 ND Finance Wellcome to you 'Managed Accounts'😄
Member Since Nov 12, 2009   272 posts
Oct 06, 2010 at 15:32
This looks interesting. What would be worst case scenario since no s/l is used? Do you have a mental stop loss in place?
Member Since Oct 06, 2010   33 posts
Oct 06, 2010 at 16:17
I'm really interested: managed account? conditions? please [email protected]
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 06, 2010 at 16:25 (edited Oct 06, 2010 at 16:25)
jsantos3 posted:
    This looks interesting. What would be worst case scenario since no s/l is used? Do you have a mental stop loss in place?
If necessary I would use it, but I seldom get a stop loss.
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 06, 2010 at 16:29

kaverdrew posted:
    I'm really interested: managed account? conditions? please [email protected]
do you want to mange your account?
Member Since Oct 28, 2009   1430 posts
Oct 06, 2010 at 16:53
This is really aggressive trading. Do you use the same position sizing for managed accounts?
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jan 28, 2010   257 posts
Oct 06, 2010 at 17:26
Hi Steve,

Any idea why this shows drawdown although there haven't been any losing trades ? Has it got anything to do with the withdrawals by any chance ? I remember seeing someone else's also with the same kind of thing (ie: drawdown with no losing trades) and couldn't figure out how and why. It doesn't even use a custom-date filter. Is it a bug ?
Member Since Aug 05, 2009   73 posts
Oct 06, 2010 at 18:47 (edited Oct 06, 2010 at 18:47)
erm, drawdown has nothing to do with closed positions or withdrawals.
you are offering managed accounts and have no idea what drawdown is? come on, 😲
clowns are gettin more and more here 😕
trading is passion
Member Since Jan 28, 2010   257 posts
Oct 06, 2010 at 18:51 (edited Oct 06, 2010 at 18:59)
It's certainly not showing the highest drawdown on the equity. At least that's not how I remember it being shown on myfxbook earlier ? The reason I mentioned withdrawals.. was to ascertain whether or not there is a bug here. Since there are no losing trades, the only other explanation would be to assume that it's showing drawdown on equity... but myfxbook wasn't using 'drawdown' to show the drawdown based on equity but on losing trades earlier.... if I'm not mistaken. Hence my question. I perfectly understand what drawdown is. 😉
Member Since Aug 05, 2009   73 posts
Oct 06, 2010 at 18:55 (edited Oct 06, 2010 at 18:57)
drawdown has not much to do with equity. as you see equity is in + right now.

drawdown shows the highest draw down of an account. what is so hard to understand with that?
so you can assume equity must have been 100% - 37,37% once
this figure wont change, only if equity falls below that again.
it has always been like that.
trading is passion
Member Since Jan 28, 2010   257 posts
Oct 06, 2010 at 19:06
Well then this obviously isn't working correctly. Take my account for example. You see the little dip in my equity curve ? But my drawdown says 0.0% .

I exchanged PM's with another user a couple days ago whose account showed more than 100% drawdown due to some bug which he reported to myfxbook. It had been ok for a while after that but it happened again apparently.
Member Since Aug 05, 2009   73 posts
Oct 06, 2010 at 19:16
yes your right, there are some bugs on the site. i even recognized it isnt counting units/lots exactly.
you got it right, you should have had some drawdown figure too. its not possible to trade without drawdown.
trading is passion
Member Since Jan 28, 2010   257 posts
Oct 06, 2010 at 19:25
Actually I was also right in my first post about DD being calculated using the balance... ie: closed trades.

Check this out :

https://www.myfxbook.com/community/suggestion-box/drawdown/23356,1

Am I still a clown ? 😀
Member Since Aug 05, 2009   73 posts
Oct 06, 2010 at 19:36
well the problem was that i got it like you didnt know what drawdown actually is, however you see a clear equity drop in his account(ND Finance) too. i really dont care if you know it or not, it just seemed very odd to see someone offering managed accounts and not know what drawdown means. i think you can understand that.
trading is passion
Member Since Jan 28, 2010   257 posts
Oct 06, 2010 at 19:38
No worries buddy. 😉
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 06, 2010 at 23:14

stevetrade posted:
    This is really aggressive trading. Do you use the same position sizing for managed accounts?

yes of course to all the accounts I manage
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 06, 2010 at 23:22

ranesh posted:
    Hi Steve,

Any idea why this shows drawdown although there haven't been any losing trades ? Has it got anything to do with the withdrawals by any chance ? I remember seeing someone else's also with the same kind of thing (ie: drawdown with no losing trades) and couldn't figure out how and why. It doesn't even use a custom-date filter. Is it a bug ?
it was not a mistake or bug, I withdraw/drawdown my funds because profits.
Member Since Jan 28, 2010   257 posts
Oct 07, 2010 at 02:09
yeah then it's a bug.... drawdown calculation shouldn't be affected by your withdrawals. Only your balance-curve should be affected by it. Anyway I think they're still working on this issue.
roests
forex_trader_19401
Member Since Oct 01, 2010   11 posts
Oct 07, 2010 at 02:19

ranesh posted:
    yeah then it's a bug.... drawdown calculation shouldn't be affected by your withdrawals. Only your balance-curve should be affected by it. Anyway I think they're still working on this issue.
yupz, may be. it's doesn't matter to me. the important my trading profit and profit...
Member Since Oct 28, 2009   1430 posts
Oct 07, 2010 at 08:04

ranesh posted:
    Hi Steve,

Any idea why this shows drawdown although there haven't been any losing trades ? Has it got anything to do with the withdrawals by any chance ? I remember seeing someone else's also with the same kind of thing (ie: drawdown with no losing trades) and couldn't figure out how and why. It doesn't even use a custom-date filter. Is it a bug ?

Hi Ranesh,
I'm not 100% sure how MyFxBook are calculating drawdown as I've seen some inconsistencies in how it does it myself. I'll ask them.
Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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