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Beeline achievement in Silver 3

 
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parispraguem

Beeline achievement in Silver 3

Silver III achievment says we must maintain no greater than a 2% loss and it is evaluated on last 20 trades.  We must maintain this throughout Silver 3.

I am puzzled as to what happens if a trade does go against us more than 2%.  It is not clear to me.

Does someone know the answer to this?  Please reply.

Fri, 05/01/2020 - 10:47am
 
mesymmetry

Hi parispraguem,if one trade goes against you 2% your Alveo platform will automatically shut down for the remainder of the current 24 hour period.Try to keep your loss limit to 1% on all open positions.Good practice for Gold II when your account size is reduced to $1000.All the best!

 
Rookie

methinks that is not exactly correct, while I have not tested the 2% rule, my self

If a (one) trade goes negative -2% that trade is shut down and closed out.

This one I have tested...LOL
If the account total of all trades goes negative -5% that account it shut down until that day's maintenance period.

May I suggest a trader is a sandbox practice hitting the outer limits in order to get the of how much s too much.

Enjoy.

 
bill.sims

It's not fun looking in your order history and seeing that four-letter word, "Risk" haha!

Keep your lot size at 0.01 and you won't even have to think about it. =D

 
edick007

I believe Rookie has the correct info on this, 5% loss will temporarily shut your account down.

Bill, concur, I had to purposely loss some very small trades to graduate out of Silver 3 (shhh, don't tell anyone).

 
robunited

"If a (one) trade goes negative -2% that trade is shut down and closed out.
This one I have tested...LOL
If the account total of all trades goes negative -5% that account it shut down until that day's maintenance period."

This one I have tested ... also works perfectly, without hesitation.
Last week I clicked the X, to close all trades, around 4%, price was going fast ...

Due to trading disabled, the system wouldn't take it until it got back with a blank set of open trades, and locked my system.

Now, what we could discuss, because it's not that clear at first, is the 30 day stat, which shows greatest loss -0.65%
... this must be for a single trade.

And why is it in green? Because a single trade did not exceed 2%. (it doesn't count the overall 5% loss/system lock)

In general, to better manage the 2% loss for a single trade:

Instead of having 1 trade with a fixed larger lot size, you could break it down in equal smaller lot's, for same amount lot size.

This allows you to better scale in/out individual trades and manage the overall trade position.

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