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Thomas Pierre Maurice Moine  
Yes there has been a big move on GBP this night. I don't know if there has a been an annoucement at the origin of this... If so, retrotrader shouldn't have traded. What happened?
And Ugur is in vacation. Real bad timing! :(
Ugur Oezcan  
Last night was marked by big losses and hit all of us hard. Unfortunately GBP went down too fast for our safeguards to hit. We also purposefully activated trading as we did not see this coming. 

I have just spoken with Ugur. We are sorry that our experts let you down and we assure you that we will work hard to further optimize them to avoid nights like this. For now we suggest you disable GBPUSD as we are unsure of develeopment. We have spoken of some other measures we will take, including SL optimization,  and hope we can implement and test them soon.

I hope that the coming nights will regain your - our - losses.
Yaotang Liu  

Hi Ugur,

I understand that drawdown can't be prevent if we are not using martingale or grid.

But maybe you should adjust the strategy not to lose almost 3 month profits with one day.

Please.

Thomas Pierre Maurice Moine  
Yaotang Liu:

Hi Ugur,

I understand that drawdown can't be prevent if we are not using martingale or grid.

But maybe you should adjust the strategy not to lose almost 3 month profits with one day.

Please.


I think they will work hard on this. The move on GBP happened very suddenly and this teaches all of us this can always happen :(
NightTrader seems to have resist much better but has been impacted too, so the security upgrade will have to cover both EAs.
I give a chance to these EAs to become more safe, I'll just delay the time I use it on real account.
Let's see what happens now.
Ugur Oezcan  

Retro has a somewhat different handling of SLs. In the past this ment that even trades that went south could be closed with very low losses. Unfortunately yesterday night was so bad, that this strategy did not help. We are internally discussing how to handle and improve 'hard' SLs, or even a DrawDown-Limit. We will kepp you guys posted.

Thanks for understanding!

Andrew Black  
One thing I observe about RetroTrader is that the default stop loss settings seem very wide (too wide?). The EA normally takes profit quickly and on multiple trades, but the default stop loss settings (70 points hard, 45 hidden) mean that single losing trades can rack up very big losses. Is it not better to narrow the stop loss limits to prevent these potential big losses? If the EA is taking profit on 10 trades for 2 points each, but loses 40 points on a single trade.... surely not aligned. Obviously need to be wide enough to prevent hitting stops all the time, but think it can be set narrower 
Ugur Oezcan  
The first thing we will do is narrow StopLosses. In our backtesting for a longer period we found the current settings to be the best value, but with recent developments we agree that the SLs should be narrower!
Ugur Oezcan  
Hey Guys! We would like to advise you for tonight's session to disable GBPUSD. Furthermore please adjust your SL settings for Retro to 300. That is the way we will face the incoming session. Good luck to us all!
Vasiliy Kolesov  
Ugur Oezcan:
Эй, ребята! Мы хотели бы сообщить вам о сегодняшней сессии, чтобы отключить GBPUSD. Кроме того, настройте настройки SL для Retro до 300. Таким образом мы столкнемся с входящей сессией. Удачи нам всем!
Стоп Лосс скрытый менять нужно или у брокера который ставится?
Kai Tai Peter Yip  
Ugur Oezcan:
Hey Guys! We would like to advise you for tonight's session to disable GBPUSD. Furthermore please adjust your SL settings for Retro to 300. That is the way we will face the incoming session. Good luck to us all!

Which are the "SL settings to 300" you are referring to? "StopLossInPoint" or "Hidden Stop Loss"?
zankkasz  
s7689:

Which are the "SL settings to 300" you are referring to? "StopLossInPoint" or "Hidden Stop Loss"?

Same question here. And one more: the new SL settings are to be applied for all currencies? Cheers!
Ugur Oezcan  

Sorry about that. We suggest to set the StopLossInPoint to 350 and the Hidden Stop Loss to 300.

Yes, for all currencies for now, and we advise to either significantly lower the risk for all GBP curencies or to suspend trading them completely for now, even though last night seemed to be somewhat normal.

zankkasz  
Ugur Oezcan:

Sorry about that. We suggest to set the StopLossInPoint to 350 and the Hidden Stop Loss to 300.

Yes, for all currencies for now, and we advise to either significantly lower the risk for all GBP curencies or to suspend trading them completely for now, even though last night seemed to be somewhat normal.


Thanks, mate! Probably next week will also be a bit more volatile with the UK General Elections. So caution is advised.
Ugur Oezcan  
Just a heads up. Since Trump is speaking tonight we have set our remote functionality to disabled. So if you use 'remote' please check if your traders are also disabled. If you do not use remote, and decide to also not trade, make sure to switch your experts off. 
zankkasz  
Ugur Oezcan:
Just a heads up. Since Trump is speaking tonight we have set our remote functionality to disabled. So if you use 'remote' please check if your traders are also disabled. If you do not use remote, and decide to also not trade, make sure to switch your experts off. 

Thanks for letting us know! I like this remote disabling functionality. Well done!
Ugur Oezcan  
Hey folks, just wanted to let you know, that we are not trading today or tomorrow, due to the German and French holidays as well as British elections. Take care!
Ugur Oezcan  

IMPORTANT INFORMATION!

Some brokers are changing - increasing - margin requirements for GBP and some also for EUR. Tonight trading may still be possible but we strongly suggest to lower risks-settings or turn off completely. Please do so at your own risk. TOmorrow night we would suggest to avoid trading. We may remotely disable it. We'll let you know.

Ugur Oezcan  
It's official. We will suspend trading tonight and tomorrow. Election time is just too risky. So please make sure your experts are suspended.
Ugur Oezcan  

Hello to all, I am back from holiday.

of course I register the drawdown on scalping signal. after analyzing the situation I am still confidence that retro work well make profit in future. But we would improve the expert of new fetures to try avoid again such sitution.

1. ) No body can know, what will happen on next tick, user with exprience knows that very good.  and if you have open trades you have always risiko so such sudden movement and hitting sl. but in retro signal was to hard because we had 4 open trades 2 x GBPUSD and 2 x GBPCHF and additional USDCHF Trades.

I will build knew corellation check. that means high coraltion currencypairs like GBPCHF, GBPUSD and negative coralation EURGBP does not open in sametime. so avoid to run such drawdown sitiation. of course that means also less profit than if the the GBP moved other direction we had cool profit on 4- 6 currencies on this night. but i think security first.


2.) maximum dd for single trading day.


- until new release avaliable I recommend not to trade in same time this curencies chose one of the series or reduce the risk for each one:

a) GBPUSD, GBPCHF, EURGBP

b) AUDCHF, USDCHF

- you can set Stoploss for each strategy 300 point.

Ugur Oezcan  

hello,

we just startet work on retro. I think soon we can represent the new release of retro with coraltion check. Until new releas my setting for signal.

EURCHF full risk 
GBPUSD, EURGBP half risk 
GBPCHF nottrading 
USDCHF, AUDCHF half risk 
AUDUSD Nottrading 

I think this setting should reduce until new version ready reduce risk significantly

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