Surrealistik's Posts - Page 4

Caesar 400% EURUSD in Trading Systems Nov 07, 2014 at 16:41

I wasn't, because a proper risk setting of 0.01 lots per 1000 made sure of that this time around.Ave Caesar!

Caesar 400% EURUSD in Trading Systems Nov 04, 2014 at 05:19

Tomas, which server is Caesar2ICMA on?

Caesar 400% EURUSD in Trading Systems Oct 29, 2014 at 19:06

Besides the broker (and risk apparently), what's the difference between ICMA and 400%, if any?

Caesar 400% EURUSD in Trading Systems Oct 29, 2014 at 18:49

Total noob question, but is this account Caesar 2.0 or 2.1?

Caesar 400% EURUSD in Trading Systems Oct 29, 2014 at 18:43

At what risk/which broker?I'm up 1.93% today at 0.01 lots per 1000 USD at ICM.Also that sucks Tomas, but if nothing else you're that much closer to a new high watermark for most of your clients.

Caesar 400% EURUSD in Trading Systems Oct 10, 2014 at 19:04

Why was the system deleted? I hope you're still trading Caesar Tomas; please don't let the haters get to you.

Caesar 400% EURUSD in Trading Systems Oct 07, 2014 at 16:25

It's actually higher than that when you factor in compounding:1.05^12 = 1.7958 or 79.58%.At an average of 6% return per month you essentially double your money every year.5% a month with 0.01 / 1000 sizing is more than acceptable to me for the risk taken, especially when one considers how much that risk is reduced relative to 0.01 / 500.I replied to Tomas to reconnect the moment I got his notification.Personally I'd like an option for Caesar _with_ a news filter but _without_ manual intervention (excepting where there is a glitch in the EA/error in its operation); that would be my idea...

Caesar 400% EURUSD in Trading Systems Oct 07, 2014 at 09:06

I never asked specifically for 0.01/500 USD risk; it was recommended to me after I had explicitly and directly asked Tomas what he would recommend as a risk setting (and it was furthermore not qualified as being high risk). Please don't put recommended in quotations as though to denigrate the accuracy of my assertions or otherwise cast aspersions on them; this is the complete truth.

Caesar 400% EURUSD in Trading Systems Oct 07, 2014 at 07:32

That's the thing; I'm fairly certain that 0.01 lots per $500 was presented as 'standard risk' as opposed to 'high risk' or 'highest recommended risk'. I can tell you straight up that this was the ratio recommended to me, and is probably the thing I'm actually most upset/sore about.

Caesar 400% EURUSD in Trading Systems Oct 07, 2014 at 07:27

I'm fairly sure it's because of two things:#1: Many if not most managed accounts were looking at DDs that far exceeded 14%, and would have had devastating DDs if the stop loss 33% DD (on the main account) was triggered due to being traded at a significantly higher risk; I assume 0.01 lots per $500 USD capital was presented as recommended risk to those accounts as it was to me. Hopefully this event has woken subscribers to the fact that this ratio is in fact significantly over-leveraged.#2: The terrible German numbers. There was no compelling fundamental reason for the Euro to do anythi...

Caesar 400% EURUSD in Trading Systems Oct 07, 2014 at 07:08

Assuming Caesar no longer trades the news, and you're going with a much smaller leverage ratio, wouldn't the risk of this system be substantially reduced?I've personally lost a substantial sum myself (5k and then some if we include lost profits in addition to principal losses), and I absolutely empathize with your dismay. That said however, I also feel it's worthless to get mired in one's sense of loss and thereby fail to look forward and learn from what happened.As for performance fees, I was told that we are being billed on a high watermark basis, so for those of us with...

Caesar 400% EURUSD in Trading Systems Oct 06, 2014 at 19:32

All the more reason to avoid news. Without news resulting in huge, emotion creating volatility and movements that present a legitimate threat to Caesar's trading strategy, emotion doesn't come into it.Again, these positions should never have been opened in the first place.

Caesar 400% EURUSD in Trading Systems Oct 06, 2014 at 17:18

I've already paid my performance fee for September.The way I see it, there's no sense in dwelling on what could have been; what happened, happened. There's no turning back the clock or going back in time. It's worse than useless to torment yourself; who benefits from that? Why bother?Instead focus on the future and the lessons that have been learned by this event. Caesar is a good system managed by someone whose mind is in the right place; you will get your money back in spades so long as we avoid the news.

Caesar 400% EURUSD in Trading Systems Oct 06, 2014 at 15:49

I'm down 4k, but I don't blame Tomas at all. After the German numbers, and with the undeniably strong trend of the EURUSD who could? I respect that he had the courage to close personally. Maybe he should have relied on a definitive stop loss to inform his closure; he had recommended 1.24900 to me, but hindsight is always 20/20. He was looking out for us here, and that's all there is to it. It didn't work out of course in this particular case, but shit happens and the market can often be irrational as it was in this case; the Euro literally shot up on nothing but the perception ...

Caesar 400% EURUSD in Trading Systems Oct 06, 2014 at 06:27

I'm glad this nightmare is over.Now, to reiterate, I hope that lessons have been learned and Caesar is no longer traded during major news, nor are its positions allowed to remain open immediately before, during or after it.

Caesar 400% EURUSD in Trading Systems Oct 05, 2014 at 17:20

I don't think there's any question that news trading can result in profits, even with a grid; I fully acknowledge that.However, it is most certainly not a good idea in the long run given how grids work, and how vulnerable they are to sustained, strong trends and moves in a single direction; it is essentially gambling. Again, if Caesar does not trade high impact news, I am certain that the loss of profits from not doing so would be easily outweighed by the absence of losses to everyone's benefit in the long run.

Caesar 400% EURUSD in Trading Systems Oct 05, 2014 at 16:57

This DD may have been in the cards assuming the strategy was trading said high impact news, but given how Caesar operates, I doubt this would be the case if it didn't trade such news except over an extraordinarily long period of time. If Caesar does not trade high impact news, it's my view that in the long run, the loss of profits as a result of this discretion would not exceed the loss from DD it'd otherwise experience assuming it did engage in such trading (a backtest would confirm this by looking at the long term performance of the system without any kind of news filter). Overal...

Caesar 400% EURUSD in Trading Systems Oct 05, 2014 at 16:39

As a new subscriber I was not aware that the strategy traded NFP and other major news events (yes I should have done my homework here, granted). As I mentioned, I'm astonished that the NFP was traded.That said, that Caesar trades high impact news when it shouldn't is a legitimate criticism regardless; this is a grid based system, therefore, in the long run, high impact news is _lethal_ to it, full stop. No grid should be trading high impact news no matter how well designed; it is going to kill your system sooner rather than later; this is what black swans are made of.Further, 0.01 lots...

Caesar 400% EURUSD in Trading Systems Oct 05, 2014 at 06:49

Yeah, I absolutely agree that the one thing Caesar really needs is a news filter with respect to high impact news and events like Federal Reserve speeches/minutes; no doubt and no question. There should be _no_ positions open for a span of 4 or so hours before to 24 hours after a major news item release; any positions that were previously opened heading into this span of time should be closed.

Caesar 400% EURUSD in Trading Systems Oct 04, 2014 at 16:08

Just thought I'd call for calm guys; personally I'm about 5k in the hole with this and I'm still (relatively) chill.I don't think anyone is blaming Tomas for their own over-leveraging, for those of us that have done so. However, I have stated and do agree with the view that Caesar should never have been traded before, during or after the NFP or any high impact news releases; these are classic grid killers, straight up, and trading the news via a grid strategy is the definition of playing with fire. There is no better way to run a grid into the ground than to trade news, especia...

EURUSD	1.03961	GBPUSD	1.24207	AUDUSD	0.62132
USDJPY	154.276	USDCAD	1.44956	USDCHF	0.9097

Posts by Surrealistik