Very nice! 
Good luck and happy trading! Iâm looking forward to read your experience of trading with PipShip. Thanx in advance!
hoepla⌠
almost 700 pips in 8 weeks⌠yummie!
- how do i know if i got hit by absolute stop? With zuluguard turned on, will they automatically let me know by email or something? Because you know i wont check daily, maybe only once a month
- What happens when we got those 1000 pips before new trimester, you just let it run until 3 months before we double lot size or we increase immediately?
- When should we increase absolute stop (capital protection) from $900 (with balance for example $1000) to another number? Should we do it when we change the lot size per new trimester?
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Well, you have to check the account/the website at least once each week to see how it develops.
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1000 pips before the new trimester? -> doesnât matter. If +1000 pips -> then double lotssize. (till trading with 0.4 minilots / $1000) Time is not important. + 1000 pips is necessary for doubling your lotssize. If it takes 4 months to gain +1000 pips. You have to wait for 4 months. If +1000 pips, then scaling up the lotssize.
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Absolute stop should be calculated on start. ($ 900) The first 6 months (before gaining +2000 pips and before trading with 0.4 minilots / $ 1000) the stop is $ 900. When trading with 0.4 minilots / $ 1000, then increase stop with the profit made. ($'s account up = $'s stop up)
ok got everything together. I will check my account weekly from now on. Have $2500 there in zulutrade but i put 0.2 minilot because they dont allow 0.25 there. absolute stop set at $2250.
margin call o meter is 2% with 0.2 minilot, this seem like a very safe money management 
let me know if itâs correct or not
also, what happens if it actually hit the absolute stop from the start? Assuming if worst case scenario happens, it hit to $2250, whatâs going to happen? I just put absolute stop at 10% from $2250?
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trading with $2500,-- Then stop is $2250,-- is correct. (0.9*2500=2250)
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2% = 0.1 minilots / $1000. Superb safe moneymanagement! (damn Iâm good :P)
Do you have any other Signalproviders active? Maybe this will lower the risk meter percentage. I think it indeed has to be somewhat higher. My own account trading pipship: dutch flag (above,middle,low = red,white,blue) if 0.1-> 7%, if 0.2 -> 15%, if 0.3 -> 22% etc.
But if you are trading with (see custom setting) 0.2 or 0.3 minilots you are good. ($2500)
2%? ⌠Iâm not a fan of the risk meter of zulutrade, just fill in by hand custom mode. Think I will change this at my website. Just fill in by hand. (and correct lotsvalue once each week) -
Trading with 0.1 / $1000, first week, hit -1000 pips⌠= hit $2250,-- ?
Damn, you are so unlucky!!! (Anyway, think -1000 pips DD is almost unpossible trading this strategy but there is always a chanceâŚ)
Maybe you see this happened only once of 3 years pipship providing signals.
Try again? Yes? No? Wait until more confidence in strategy again? Up to youâŚ
[B]This strategy: amount of risk you are willing to face on original deposit = percentage you will earn each month trading pipship by > 6th monthâŚ[/B]
[B]orâŚ
The amount of money you want to earn each month (%) is equal to the amount of risk you are facing on original deposit (%).[/B]
rsg10z, I see you connected to pipship. (follower receiving signals in signal provider control panel)
Good luck!
ummm now i starting to be confused a little bit
60% of equity? Previously you mentioned we scale up the absolute stop per our equity. I thought you meant still 90% from the equity. I know the correct calculation should be 60% of equity considering you keep doubling your lot size (and absolute stop has to be 1000 pips) but then whats the point starting low? Let me give you an example:
letâs say our equity started at $10,000. We use 1 minilot to gain $1000 (0.1/$1000)
then after we have $11,000, we use 2.2 minilot (0.2/$1000) to gain $2200.
Now we have $13,200.
Then we double the lot size again so we use 5.2 minilot (0.4/$1000)
absolute stop at this level is 60% x $13,200 = $7920
which mean if after many months trading we get hit by absolute stop, we actually risking far greater money than the original because originally our absolute stop was at $9000.
So we need to make sure we never get hit by absolute stop for 4 trimester (or basically until we reach +3000 pips) before then we can say that our balance is totally safe. Why not starting big from the first trimester then?
because when we make larger gains we would still lose the same percentage amount of money once it gets hit by absolute stop. Whatâs the point of doubling lot size? I still donât get it.
sorry for the repeated question but I see thereâs no way to contact you apart of this thread.
Yep, We see we made a serious mistake.
We calculated from the beginning equity instead of the current equity in account.
The point of doubling the lotsize is reducing the risk on the original deposit. (max 10%)
start $10.000,â
0.1 / $1000 is 1 Lots, then end trimester: E 10.930,-- (stop 10% is oke)
0.2 / $1000 is 11.0000.2 = 2.2 Lots, so ratio has to 0.18 / $1000.
0.1811 = 1.98 = 2 Lots. Well 2.2 using instead of 2 is still oke. (but I have to correct my profit table)
The trouble comes here:
0.4 / $1000 is 13.0000.4 = [B]5.2 Lots, instead of 4 Lots[/B]. You are right. (stop = 800 pips instead of 1000 pips)
Using the ratio 0.3 / $1000 is 13.0000.3 = 3.9 Lots. Then stop = 1000 pips again = -10% original deposit.
So instead of using 0.1,0.2,0.4 we have to use 0.1,0.2,0.3. Then profit becomes 9%/month. (+/- 10%). About equal with risk on original deposit.
When using 0.3 minilots/ $1000. We start with 1.03^3 * 10.000 = 10.927. 10.927 + 1.06^ = 13.015.
Stop = 9.000.
9.000/13.000 * 100 = +/- 70%.
Then Abs Stop has to be 70% of equity when trading with 0.3 minilots/ $1000. (start 7th month, +2000 pips)
â Correct Overview â
The overview with all the corrected images looks like this:
(I also corrected the intro video and profit table first message)
We need a couple of months extra to gain the profit I calculated before.
(or hoping for a hit absolute stop after trading for four years instead of three)
Another thing you can do is to use 0.4 instead of 0.3 when profit is $ 15.000,â
(0.4 minilots / $1000 still good moneymanagement)
Above 0.4 I think we get trouble with the amount of percentages we need to make up the losses after some bad consecutive losing trades.
Start:
The absolute stop has to be filled in in euroâs/dollars. By using the normal risk appraoch, you will start to use a stop of 10%. You have to calculate the stop yourself in the preciese number of euroâs/dollars. (equity -0.1 * equity) (E 900,â) Then start to fill in the lotsratio.
Then you still have to fill in the amount of lots. If you are using the minimum risk approach then start with a 7% risk-percentage. Make sure that the actual ratio is indeed 0.1/$1000 !!!
2nd trimester:
By the 2nd trimester. Continue to increase the lotsize ratio to 0.2/$1000 (15%) if account is up 1000 pips. Make sure that the actual ratio is indeed 0.2/$1000 !!!
3rd trimester and ->:
Then by start 3rd trimester. Continue to increase the lotsize ratio to 0.3/$1000 (21%) if the account is up again by 1000 pips. (+2000 pips) Then youâre trading with the final lotsize ratio. By using the risk-percentage-setting, the amount of lots will be updated by zulu automaticly. In the following months, make sure the actual lots amount is correct (0.3 / $1000) !!! You also have to increase the stop every month. (increase the stop with the gained profit since start month 7) The stop has to be equal to 70% (9.000/13.000 * 100 = 70) equity account when trading 0.3/$1000.
Start: 0.1 / $ 1000 && Equity = $ 10.000 ->
Total lots is 1.0 Lots. DDmax = 1000 pips.
Max Down is $ 1000 = Abs Stop: $ 10.000 â $ 1000 = $ 9000,â.
2nd Trimester : 0.2 / $ 1000 && Equity = $ 10.930 ->
Total lots is 10.9 x 0.2 = 2.0 Lots. DDmax = 1000 pips.
Max Down is $ 2000 = Abs Stop: $ 10.930 â $ 2000 = +/- $ 9000,â.
3rd Trimester and -> : 0.3 / $ 1000 && Equity = $ 13.015 ->
Total lots is 13.0 x 0.3 = 3.9 Lots. DDmax = 1000 pips.
Max Down is $ 3900 = Abs Stop: $ 13.015 â $ 3900 = +/- $ 9000,â.
When trading with 0.3 minilots and $13.000,â you are trading with 0.3 * 13 = 3.9 Lots. By a drop of 1000 pips the account will go down $ 3.900,â (+/- $4.000,â) Then you will reach the absolute stop of $ 9.000,â (90% original deposit)
Absolute Stop = 70% when trading 0.3 minilots / $1000
$13.000,â * 0.70 = +/- $ 9000,â = original absolute stop &&
MaxDD 1000 pips && trading 0.3 minilots / $1000 ->
$ 300 down / $ 1000 = 30%. Equity = 70%.
When trading with 0.3 minilots / $1000, increase stop with profit made. The absolute stop will grow somewhat slower than the amount of equity account. -> Correct stop for 70%.
Stop increasing the lotssize after reaching 0.3 minilots / $1000. BecauseâŚ
When trading with 0.3 minilots / $1000, your account can drop with max 30%. (trading with the final lotsamount after 6 months of gaining, 2000 pips) This is a huge drop! But we already gained this percentage, so max total risk of original deposit is still max 10% risk. Because of the way we handle DDâs (see video prospect pipship), normally, if not reaching the absolute stop the account will not drop beyond -20%. (the order wonât be closed below -20% if not hitting the Abs Stop)
When using percentages the following phenomenon needs some attention:
If loss is:
-10% -> you need 11% to make up the loss.
-20% -> you need 25% to make up the loss.
-30% -> you need 43% to make up the loss.
-40% -> you need 67% to make up the loss.
-50% -> you need to double your account to get back to your original deposit!
This is why losing big really hurts. Make sure this does not happen! -> use good moneymanagement.
You see the increase in percentage you need to make up a loss. This is why we do not recommand you to use a Max risk approach. Below -20% the percentage to make up the loss really starts to have itâs negative influence on your trading. (it limits the possiblity to increase the lotssize over and over again by gaining in the previous months)
This is why you have to stop increasing the lotsamount after reaching 0.3 minilots / $1000!
Hit Stop? (yellow) Start again⌠(10% max risk, trading 0.1;0.2;0.3 minilots / $1000).
Instead of the account with only $1000, I do have another account with zulu.
End of this month I will also start with another $5000.
(account in live trader tab: 0 pips and flag red, white blue)
So, which ones are your zulutrade accounts? I kinda got lost in all the analysis above!
Nice work btw, quite exhaustive!
Yes, Itâs quite complex. Maybe will also start PipShip Plus. (in about a year)
Then we will manage the accounts of premium holders. (> $10.000)
We now need to do a lot of work to registrate as financial service provider, set up the business plan, set up the administration, tax payments, helpdesk, ect.
first account ($1000)
second account ($0) at the moment (made deposit of $5000, start trading end month)
Broker Country Name Pips
[AAAFx] [Netherlands]
AAA1020036F 192.8
[AAAFx] [Netherlands]
AAA732531F 0.0
whatâs the difference of this first and second account? You have different money management?
Yes,
small account: currently trading with 0.3 minilots / $ 1000 (risk meter 22%)
large account: scaling up the lotsize: 0.1;0.2;0.3 minilots / $ 1000.
Right right! got the point!
I think, imo, the risk division among the accounts is essential.
I also like the exit strategy you use - based on the dd and the past performanceâŚI also agree there is some inter-correlation between what the traders see in the past returns and where the market will go - of course, afterall it goes down to the phych factor
Good trading performance on zulutrade - i will be bookmarking you and sending you my feedback!
rsg10z, first 50 points right?
Is that yesterdayâs results? âŚi kinda donât get your pointâŚ
haha, no I wrote this to other follower of pipship. Yes results of yesterday.