Dukascopy Support Board • View topic

Kirilla

Hi Traders and Dukascopy,

I think, some of the rules a little bit force the Traders to gamble instead of responsible trading. Here is the 3th and 4th rules of Dukascopy evaluation :

3. Share of winning trades - the criterion reflects the amount of winning trades against amount of losing trades. The higher share, the better is the quality of the strategy.
4. Maximum sum of consecutive losses - this measure is important from the psychological point of view and in the sense of avoiding large negative drawdown on the balance. The criterion represents an evaluation that is similar to the maximum drawdown.

These rules forces the traders to have only winning trades, therefore some of us set very large StopLoss level or open positions without SL and set very small TP level, but I think it is a little bit against responsible trading, where we have to accept losses. I think, it is gambling, because if I'm lucky and price doesn't go totally against me, I will be never stopped out and it is more probable the price will hit my small TP level. But, does it really a responsible trading?

I think, It would be a useful function to measure somehow the SL/TP ratio at the position opening or closing. What do you think?

Best regards,
Kirilla

Kirilla

Another possible solution is using a limit at SL levels as in Trader contest.

Antilochus

I don't agree with forcing strategies to use a SL since a strategy might want to stop out a trade based on an indicator's results, or based on time.

I understand and see where you're coming from with the general point of your thread (though it's a bit subjective), but I thought they already had this covered in the "Maximum sum of consecutive losses" part. In so much as if a trade loses $50,000 then gains back $50,100 to close at $100 profit, then that has still increased the maximum sum to $50,000 loss. I'm not sure though.

Kirilla

Thanks Antilochus! I see and I agree with you. I forget about using signals for closing positions.