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if the signal make a gross of 3.3% in 20 calendar day's...that is 0.165% per day right?
so an ANNUAL ROI would be 0.165% * 365 = 60%...which is correct....
There is no error....
ES
Quote:
Originally Posted by newdigital
No, sorry, 3.3% is for 20 days. That is why we are dividing.
Igorad coded indicator for RAS in mql4 with right calculation so I've sent this indicator to RAS developers and they will correct ROI calculation on RAS website.
Let the developers will speak between each other.
For example you are having 91.23% now as I see. Because more trades were closed and the stats were updated after that.
Anyway, I reported to the developers for possible error.
Last edited by ElectricSavant; 01-06-2009 at 04:21 AM.
Yes, it is AVERAGE daily return multiplied by 365 days.
Average daily return for your ID is 3.3% now. Tomorrow it will be less than 3.3% (if you will not trade tomorrow for example).
Anyway, I found the bug (with your help) and I already sent corrected indicator for ROI so they will transfer mql4 code to their RAS programming website stats.
Hi ND,
Every one know "Past performance is not necessarily indicative of future results." so why do we need Annual ROI % ?
On the stats information at Max lot size and Max active trades do we need to show there the pending order or just need only close order ?
For the initial deposit I think we need to confirm it because I am sure that the initial deposit is not $1k for all seller's account. If I am a buyer, I am very happy when I see the initial deposit is 1k and + $200... profits for 1 day trading but if I open 1k to trade with your signal I am sure my account was blow up also. So do we need to fill up the initial deposit at the RAS to make everything clear to hep buyer has a good view of seller?
Thank you.
PS: I can read but can not reply or send PM to you.
For buyers to select the signals ...
How the buyers will select the signals to buy or to use?
Seller may be fully unknown ... trading system? he will never disclose anything ...
So, it should be ROI anyway.
Max lot size.
For example, buyer bought the signals for money. And the seller decoded to be on the top in ranking and open the trade with 20 lot size. So:
- the seller in the top;
- buyer had margic call and lost whole deposit.
Max active trades.
It is max simultanious opened trades.
For Alpari UK: 100 trades.
For Alpari rus (some sellers/buyers are using this broker as I see): 100 simultanious trades max and no more than 1 lot size summarized for all 100.
For IBFX: unlimited.
and so on ...
Just imagine that I bought the signals for 50 dollars monthly. My deposit is 2,000 dollars. And the seller opened 10 lot size and 264 trades ... Can I sleep at night?
Thus, the buyers have this information on the stats. Besides, the buyers can subscribe to one pair instead of all the pairs. In my example with 2,000 deposit ... I can subscribe just for EURUSD only, I can see stats for EURUSD only, max trades and max lot size: it will be for EURUSD only and balance/equity chart on website - for EURUSD only. All I need to do for that - just use Filter button on website.
Initial deposit size.
It is related to the buyers as well. And Filter button on website. Buyer can change 1,000 deposit to any deposit size on website and press this button. And all the stats/charts will be recalculated for his deposit size together with DD, equity and so on.
You can write initial deposit size in description of your signal such as "use 5,000 deposit size for every 1 lot_multiplier" ... but buyers will see it anyway.
Just try to place initial deposit 10,000 instead of default 1,000 and you will see that all figures/chart will be recalculated. Same with lot size (multiplier) and same with pairs.
By the way, we are communicating by email with no problem.
Last edited by newdigital; 01-06-2009 at 07:11 AM.
There is no moderating panel yet. So, I am using excel file with the following information:
- vendor (username);
- ID
- name of the signal
- last action
- what to do and when (as a results of the contact with the seller/vendor)
- mode of the signal
- comments
- moderator (who provided checking or who contacted with the seller).
I will ask the developers to create the panel for moderators.
Besides, using moderating panel so general admin of the service can control moderators in very easy way. And may be we need panel for every RAS account ...
By the way, almost all paid and free signals were validated, or I contacted with almost all the signal providers and I wrote in my excel file about what to do and when.
Exception is the following:
- I did not validate elite section signals. Currently 5 elite section EAs were attached with RAS so it will be more (may be 40 or 50). But I will need to validate in the same way as we are doing for the other signal providers. For example, some members asked to use 0.01 lot size instead of 0.1 lot size with some elite section EAs, and it was requests to use more pairs with some other EAs (members/buyers want to select by themselves about which pair to trade) and so on.
- I still can not contact with the following RAS users:
fxexcellent
Attila
FXTG Consulting
patterntrade
lolo
positive edge
Nikray
fcaillou
Kenny_Rogers (please reply by email or PM)
fxexcellent2
gregart
If you are one of them so please reply by email (i've sent emails to all), or by PM.
I understand that may be most of you listed above are free signal providers but if no reply till 8th of January so your signals will be moved to pending mode.
I can not confirm it with Alpari UK now but as I remember Alpari rus broker us having this limitation. And some other brokers as well.
We had the problem when many sellers opened more than 100 trades simultaniously (it was more than 400 simultanious trades starting from 0.01 and finishing by 50 lot size for some sellers) but I had no even single broker to check which may allow this number of simultanious trades in Metatrader. So, the clones are making on IBFX broker now. Besides, I can use some other brokers for clones but IBFX broker does not have all necessary pairs ... Because it is confirmed about no any limitation for IBFX. Other brokers:
- if someone (buyer for example) is using FXDD mini account so he can not open trades more than 100 trades in the same time.
- If case of Alpari rus broker mini account (2 traders are using this broker) so max opened trades are 100 and max summarized lot size for all opened trades = 1 lot. This broker is havng max possible pairs, symbols, indexes and so on but having this limitation concerning simultanious opened trades.
- IBFX broker does not have such a limitation (1,000 trades in the same time maximum by any unlimited lot sizes) but having less pairs and forex only.
As to Alpari UK so I am not sure as I did not see live support on their website.
So, the clones are making on IBFX broker now. Besides, I can use some other brokers for clones but IBFX broker does not have all necessary pairs ... Because it is confirmed about no any limitation for IBFX.
I used to be an IB with IBFX but now I move to Alpari (UK). I'll send PM to you why if I can send you PM but as I said, I just read but can not send you PM.
Quote:
Originally Posted by newdigital
As to Alpari UK so I am not sure as I did not see live support on their website.
Alpari (UK) offers:
High leverage (1:500 leverage).
Possibility to trade micro lots.
Minimum contract size for all trading accounts (demo and live) is 0.01 of a lot.
Tight spreads: 2 pips in EURUSD and EURGBP
No limit how many open trades at any given time.
Alpari UK is having 24 symbols and all the symbols are for forex. No limitation.
Alpari rus is having 52 symbols for forex, 14 for indexes, 35 for CFD, 12 for Futures, 1 for Gold, 4 for E-mini. Limitation.
3 sellers are using Alpari rus broker, many of the signal providers are using IBFX, many sellers are using Alpari UK and FxPro and so on.
Anyway, the buyers will select the broker concerning datafeed, location and so on ... (americans will prefer american broker, russians - russian broker ... and so on).
Last edited by newdigital; 01-06-2009 at 02:34 PM.
It is not a problem.
This RAS EA version was tested with the EA producing 3,000 trades for few hours ... so it is not a problem anyway.
All you can check is the closed trades without closing price (on RAS website). If you do not have those errors so everything is doing good.
As I see, you are trading 18 pairs simultaniously, max active trades are 165 but most of those trades are pending orders, max drawdown is 784 dollars for all 18 pairs simultaniously. But in your description you suggested to use 10,000 deposit ...
Besides, the buyers can trade 1 pair, or 2 pairs (instead of 18 pairs simultaniously so it is not a problem with DD anyway).
Besides, your profit factor is 1.29 for all the pairs and closed trades are 541.
It is good stats.
For example, I use EURUSD in sort button in stats and I receive stats for EURUSD (anyone can do it and can see it): profit factor is 1.58; closed trades 18; drawdown is 70 dollars.
So, the buyers can trade 1 pair, or select some group of pairs.
All you can check is closed trades without closing price (it is RAS errors). But it was fixed few months ago ...
When we have a RAS sertion on the forum so every signal provider will have a thread to explain everything and so on.
-------
Signature?
Go to
UserCP (on the top of the page) and click on
Edit Signature
Signature should not be more than 3 lines and without color and no any commercial website linked and so on ... anyway if you confused with this rules so send PM to me or to Linuxser and we will suggest you about how to do it without other members' complains.
Do not post link to RAs website as it is still beta testing now.
Last edited by newdigital; 01-07-2009 at 09:42 AM.