Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING
Aturan Udah jelas, Walau DD udah 29% Tetap Semangat Buat Kontes minggu depan.Management Sangat Penting Buat Koreksi Kesalahan.Kalau Masalah DD Liat Baik Baik History OP, Lebih akuratnya Di Pc.Salam Profit Dari MYLABA.
[quote=Nadiar ]Sir why i am disqulifited and DD is 23% i dont lose 1000$ in 5000$ demo account[/quote]
Hi there Nadiar!
Yes, just checked your account equity history. Unfortuantely, your equity high did hit 23.44% DD. Please check equity history image. This DD% is above the 20%DD max rule, allowed, so you are DQ.
We recommend you to review your trading strategy and Money Management plan to avoid being DQ in future contests. Good luck :thumb:
[quote=Prasetya ]Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING[/quote]
Hi there Prasetya!
Feedback and suggestion noted! We always try to provide contests that are fair to all, so, yes, I forwarded your comment to our contests admin.
[quote=MyLaba ] The rules are already clear, even though DD is already 29% still enthusiastic about the contest next week. Management Is Very Important To Correct Errors.If The Problem DD Sees Good History OP, More AccurateLy On Pc.Greetings Profit From MYLABA. [/quote]
Hi there MyLaba!
Sorry, I don't speak your language, so I used a translator to understand your post. We are very happy to see that you understand the rules! But, even happier to see that even if you got DQ in this contest, you are still trading! Well done! Practise, practise, practise!
We hope to see you on our future contests! Good luck! :thumb:
when my account max allowed dd reset? i have been waiting 24 hours and currently no open trades but still not reset (-26.24). admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account.
[quote=Admin ][quote=Prasetya ]Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING[/quote]
Hi there Prasetya!
Feedback and suggestion noted! We always try to provide contests that are fair to all, so, yes, I forwarded your comment to our contests admin.
Thanks :)
- Angelus[/quote]
very good feedback especially for traders dont have much trading time.
another feedback from me, i see at end contest market closed all trades closed automatically. please make it everyday. not only in the end time. and reset drawdown when all trades closed everyday at market closed
[quote=tsu kurata]when my account max allowed dd reset? i have been waiting 24 hours and currently no open trades but still not reset (-26.24). admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account.[/quote]
Hi there tsu kurata!
There is no such rule of DD reset. I checked all the posts on contest 36 where you say admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account and there is no such post.
The DD is ALWAYS calculated from your equity high. Check this post: User Guide - DD rule The DD is never reset. Your current max DD is 19.48% and it's calculated from the equity high (in your case the starting balance).
[quote=Claudie Pierlot][quote=Admin ][quote=Prasetya ]Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING[/quote]
Hi there Prasetya!
Feedback and suggestion noted! We always try to provide contests that are fair to all, so, yes, I forwarded your comment to our contests admin.
Thanks :)
- Angelus[/quote]
very good feedback especially for traders dont have much trading time.
another feedback from me, i see at end contest market closed all trades closed automatically. please make it everyday. not only in the end time. and reset drawdown when all trades closed everyday at market closed[/quote]
Hi there Claudie Pierlot!
First, thanks for participating in our forum with your suggestions and feedback.
We provide our contests as a simulator of real-life trading conditions so traders can learn to trade (and win a cash prize while doing it :)). Now, in real-life trading if you have a losing position... will the broker close it at market close everyday? Will the broker reset your DD everyday at market close?
You know the answer to those questions :)... Of course at the end of the contest our systems close all open positions (the contest ended) to validate the traders with the highest equity. But during contests that is impossible, sorry.
[quote=Admin ][quote=tsu kurata]when my account max allowed dd reset? i have been waiting 24 hours and currently no open trades but still not reset (-26.24). admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account.[/quote]
Hi there tsu kurata!
There is no such rule of DD reset. I checked all the posts on contest 36 where you say admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account and there is no such post.
The DD is ALWAYS calculated from your equity high. Check this post: User Guide - DD rule The DD is never reset. Your current max DD is 19.48% and it's calculated from the equity high (in your case the starting balance).
[quote=Admin ][quote=Claudie Pierlot][quote=Admin ][quote=Prasetya ]Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING[/quote]
Hi there Prasetya!
Feedback and suggestion noted! We always try to provide contests that are fair to all, so, yes, I forwarded your comment to our contests admin.
Thanks :)
- Angelus[/quote]
very good feedback especially for traders dont have much trading time.
another feedback from me, i see at end contest market closed all trades closed automatically. please make it everyday. not only in the end time. and reset drawdown when all trades closed everyday at market closed[/quote]
Hi there Claudie Pierlot!
First, thanks for participating in our forum with your suggestions and feedback.
We provide our contests as a simulator of real-life trading conditions so traders can learn to trade (and win a cash prize while doing it :)). Now, in real-life trading if you have a losing position... will the broker close it at market close everyday? Will the broker reset your DD everyday at market close?
You know the answer to those questions :)... Of course at the end of the contest our systems close all open positions (the contest ended) to validate the traders with the highest equity. But during contests that is impossible, sorry.
Thanks and good luck :thumb:
- Angelus[/quote]
you say We provide our contests as a simulator of real-life trading conditions so traders can learn to trade
but in real-life trading conditions there is :
1. no limit equity drawdown. everyone can still trades as long as equity enough not margin call.
2. no limit 1 minute trades. everyone can open close trades within second or milisecond
3. no forex only. everyone can trades any symbol available.
[quote=Claudie Pierlot][quote=Admin ][quote=Claudie Pierlot][quote=Admin ][quote=Prasetya ]Hi dear admin I want to complain about the contest issue! I want to complain about DD problem, DD should be calculated from the initial balance of the contest. not from the amount of equity, and before 24 hours close DD is not calculated. And as long as it's still floting and hasn't reached the maximum DD limit. and DD is calculated after 24 hours and after 24 hours the DD is calculated, unless the open position has been closed then the DD is calculated and sorry before that, surely many have experienced this 🙏🙏 Hopefully my response will be accepted by the admin everyone, and I hope the admin is always healthy, GREETINGS FROM PEKANBARU, LIVE TRADER SWING[/quote]
Hi there Prasetya!
Feedback and suggestion noted! We always try to provide contests that are fair to all, so, yes, I forwarded your comment to our contests admin.
Thanks :)
- Angelus[/quote]
very good feedback especially for traders dont have much trading time.
another feedback from me, i see at end contest market closed all trades closed automatically. please make it everyday. not only in the end time. and reset drawdown when all trades closed everyday at market closed[/quote]
Hi there Claudie Pierlot!
First, thanks for participating in our forum with your suggestions and feedback.
We provide our contests as a simulator of real-life trading conditions so traders can learn to trade (and win a cash prize while doing it :)). Now, in real-life trading if you have a losing position... will the broker close it at market close everyday? Will the broker reset your DD everyday at market close?
You know the answer to those questions :)... Of course at the end of the contest our systems close all open positions (the contest ended) to validate the traders with the highest equity. But during contests that is impossible, sorry.
Thanks and good luck :thumb:
- Angelus[/quote]
you say We provide our contests as a simulator of real-life trading conditions so traders can learn to trade
but in real-life trading conditions there is :
1. no limit equity drawdown. everyone can still trades as long as equity enough not margin call.
2. no limit 1 minute trades. everyone can open close trades within second or milisecond
3. no forex only. everyone can trades any symbol available.[/quote]
Hi Claudie Pierlot!
Hahahahaha! Yes, good point (you forgot to mention that in real-life people also use EAs, lol). I know what you mean. But we also want traders to get "educated" in trading, not gambling. If we do not limit DD, if we don't void trades below 1 minute, traders will not trade, just gamble the account balance. Hope you understand that. Of course with a real account, traders can do whatever they want.
And we change the traded symbols some times to please traders, some love FX, some love Gold, some even love crypto. Anyways, loved your argument, yes. With a real account traders can do whatever they feel like. On our demo contests we have rules and guidelines (like any other contest). If you want to join and get a chance to win a prize, you must trade within the set rules :)
[quote=tsu kurata][quote=Admin ][quote=tsu kurata]when my account max allowed dd reset? i have been waiting 24 hours and currently no open trades but still not reset (-26.24). admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account.[/quote]
Hi there tsu kurata!
There is no such rule of DD reset. I checked all the posts on contest 36 where you say admin say in previous contest 36, max allowed dd will be reset if there is no open trades in trading account and there is no such post.
The DD is ALWAYS calculated from your equity high. Check this post: User Guide - DD rule The DD is never reset. Your current max DD is 19.48% and it's calculated from the equity high (in your case the starting balance).
Thanks and good luck :thumb:
- Angelus[/quote][/quote]
Hi there tsu kurata.
Sorry, you misread that post. I was referring to the stats of a particular account (that at that time had no open trades) and the Max allowed DD field was not updating.
I used the word "reset" as in update the Max allowed DD field. Not that the DD% would reset... I will correct the wording from reset to update so there's no more confusion.
[quote=UserTrader ]it is really necessary to reconsider the accounting of drawdown. I've been talking about this for a year now.[/quote] I propose to note the drawdown in the following contests. But limit the lot and maximum transactions to 30.