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Monthly p/l feature please

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Tonny Obare
28999
Tonny Obare 2013.05.01 16:45 

Metaquotes please add this feature in signal provider page. Traders lets push metaquotes to add this feature its really good for comparison theyll add it if many people ask for it.

 

Sergey Golubev
Moderator
55897
Sergey Golubev 2013.05.01 18:35  

Yes, it may be good. And also I like equity - max floating equity on open trades, in dollars, monthly for example (depending on balance line), recorded/calculated every 30 minutes or at least every 1 hours.

Just an idea sorry. 

Simon Gniadkowski
Moderator
17999
Simon Gniadkowski 2013.05.01 18:38  
tonny:

Metaquotes please add this feature in signal provider page. Traders lets push metaquotes to add this feature its really good for comparison theyll add it if many people ask for it.

Yes,  but please make it monthly gain/loss as a percentage,  pips are meaningless.
Tonny Obare
28999
Tonny Obare 2013.05.01 18:51  
Percentage is not flexible. From pips you can calculate everything else depending on your risk preferences. Percentage is misleading because as the balance grows a big gain becomes a small percentage.
Sergey Golubev
Moderator
55897
Sergey Golubev 2013.05.01 18:56  
Yes, pips are saving us from martingale etc but we really need max equity floating drawdown on open trades. Because when SP is sleeping - this feature will record his maximum ...
Simon Gniadkowski
Moderator
17999
Simon Gniadkowski 2013.05.01 20:18  
tonny:
Percentage is not flexible. From pips you can calculate everything else depending on your risk preferences. Percentage is misleading because as the balance grows a big gain becomes a small percentage.
A 5% gain is a 5% gain regardless of the balance,  be it $100, $1000 or $1000000,  pips are meaningless,  if one signal makes 10 pips and another makes 100 pips which signal has made more ?  if one signal has made 5% and another has made 10% you can,  without any doubt, know which signal has made more.
Tonny Obare
28999
Tonny Obare 2013.05.01 20:49  
The pip is a constant thats why all top signals sites use pips to show signal performance. With percentage when account balance is $200 using 0.1 lot with 1:100 leverage and you make $100 at approximately 100 pips it translates to 50% profit but if another conservative trader/signal provider with $10000 balance uses the same strategy, leverage and same lot size this $100 or 100 pips is only 1% profit. Guess what remains constant or is same between the two traders thats right the pips. Thats why pips is best for comparison as it remains constant irrespective of lot size leverage etc and takes care of those signal providers who turbo charge their signals on especially demo accounts using leverage to fool subscribers and gain unfair advantage over signal providers who dont have high leverage or those who try to send signals realistically. Pips simply evens the playing field. Take for example if the two traders were signal providers. If the stats are in percentage the stats of the first will show 50% while that of the second 1% causing people to get excited with the first trader but in actual sense they are no different.
Simon Gniadkowski
Moderator
17999
Simon Gniadkowski 2013.05.01 21:40  
tonny:
The pip is a constant thats why all top signals sites use pips to show signal performance. With percentage when account balance is $200 using 0.1 lot with 1:100 leverage and you make $100 at approximately 100 pips it translates to 50% profit but if another conservative trader/signal provider with $10000 balance uses the same strategy, leverage and same lot size this $100 or 100 pips is only 1% profit. Guess what remains constant or is same between the two traders thats right the pips. Thats why pips is best for comparison as it remains constant irrespective of lot size leverage etc and takes care of those signal providers who turbo charge their signals on especially demo accounts using leverage to fool subscribers and gain unfair advantage over signal providers who dont have high leverage or those who try to send signals realistically. Pips simply evens the playing field. Take for example if the two traders were signal providers. If the stats are in percentage the stats of the first will show 50% while that of the second 1% causing people to get excited with the first trader but in actual sense they are no different.

OK,  so what you are saying is the signal provider that returns 1% is just as good as the provider who returns 50% ?  if nothing else you should be looking at which provider is using a realistic,  not too small and not too large,  position size,  the number of pips returned does not tell you this . . .  so one provider may be using tiny position sizes while the other may be using too large a position size and rising far too much for your risk appetite,  how does knowing the number of pips gained help you determine this ?  why did you create a Poll asking about 1000% vs 10% a month ?  why not ask about   X pips  vs  Y pips per month ?

The signal providers in you example are very different,  they are calculating their position sizes differently,  which one is correct ?  as a subscriber it is important to know which provider knows his ass from his elbow . . . 

Tonny Obare
28999
Tonny Obare 2013.05.02 12:10  
RaptorUK:

OK,  so what you are saying is the signal provider that returns 1% is just as good as the provider who returns 50% ?  if nothing else you should be looking at which provider is using a realistic,  not too small and not too large,  position size,  the number of pips returned does not tell you this . . .  so one provider may be using tiny position sizes while the other may be using too large a position size and rising far too much for your risk appetite,  how does knowing the number of pips gained help you determine this ?  why did you create a Poll asking about 1000% vs 10% a month ?  why not ask about   X pips  vs  Y pips per month ?

The signal providers in you example are very different,  they are calculating their position sizes differently,  which one is correct ?  as a subscriber it is important to know which provider knows his ass from his elbow . . . 

The poll is different from this topic as any strategy be it safe or not can be run jackpot style by inflating lot sizes and leverage. In the poll i used percentage because its more of a trader/trading style comparison not strategy. When comparing strategy performance its best to use an even playing field. But all in all since you might not get the point then metaquotes can introduce the feature and enable people to switch between percentages, money, pips etc.
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