Quote:
Originally Posted by sureshvasudev
Your reply didn't sound like a honest one. It sounds to me only like a honest employee trying to defend his employer in all possible ways.
Majority of the systems I tried in FSS opens positions simultaneously or in a span of 10-30 minutes time. Dont worry out the PE curve of the customer portfolio. If FXCM is truly worried about customer investment, then "Macro" account should not be there in the first place.
It requires only commonsense to understand the fact that in FSS it is the system that place the trade and the risk:reward ratio can not be controlled (may be to a limited extend). It all depends on the system owner. Also we do have data for statistical analysis and that is all what we can thoroughly do.
My point was if i could find some system which I want to add to portfolio but MSP being high I have to ignore it. Ofcourse the PE curve for my data may get tampered, but i dont care. Moreover you can add it as a risk criteria.
I could see the same features available in other automated systems. One is Zulutrade. Whatever reasons you say please make it bit realistic and digestable. I would appreciate if you will say that it is not possible.
Anyway i got the point that this is not possible, but please dont beat around the bush  |
I think you need to read the post a little closer. Indeed there are some systems that do not scale in or out of positions. However, there are some that do trade in a different sense. For example, check out the Cornerstone Zues....they do not open all positions at the same time. Their positions get scaled in and out. Bottom line is that you can't as a client limit the number of those positions.
As a trader, I would not want to use a system who's results are going to signficantly different than what I intended or expected. That is the risk you run when tampering with the max positions. That is an additional risk you would need to quantify and consider. Personally, I don't know how you would quantify it, but that is your choice. If you feel that feature gives you an edge and if you feel you can trade that edge successfully, then wonderful.
Our studies show that the more successful traders in FSS are those who do not tamper with the systems (stops, limits, etc). You are more than welcome to perform your own analysis and study.
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