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I started my strategy snowbox I choose 10000usd account.
The platform balance is wrong…if you look my trade record I have never had a drawdown greater 3,5%- 3,8% :
2/1/2018 14:25-15:04
trade number 20— +462 net balance with comissions and fees
trade number 24-- +108 net balance with comissions and fees
3,5% draw down
2/2/17 10:22-11:09
trade number 62-- +607 net balance with comissions and fees
trade number 69-- +222 net balance with comissions and fees
3,9%drawdown
the platform indicates that:
“The largest peak-to-valley historical drawdown of the Model Account was 8.1% and occurred between 2018-02-01 and 2018-02-02. In terms of dollars, the largest peak-to-valley drawdown of the Model Account was $824”.
The balance chart indicate draw down ocurred between 2/1/18 at 18:00 and 2/2/2018 at 00:25 and I did not do any trade during those time.
I know that I have to discount the price of my subscription… but my suscription is 169usd…the price is 169 and not 800usd as the balance chart indicates
The platform indicates my cumulative return is 8 (typical brokers comissions) % if you check all my trades my net balance is 10058usd (10,5% of 10000usd).
what’s happening with the statistics? I have paid for a serious service
I did not do any trade or open position (all my positions were closed) between 1 feb at 18:00 and 2 feb at 00:25…I do not know where that draw down comes from
you don’t understand me … 10185usd to 9361 happened between 1 february at 18:00 and 2 february at 00:25…I haven’t any trade and all my positions were closed during that time …I do not know where that drawdown comes…do you understand now?
there are draw down 8% during that time (1 february at 18:00 and 2 february at 00:25) but I haven’t any open position and I did not any trade
then if you look up in the image from Feb 1 at 18:00 to Feb 2 at 8.34 you will verify that there are 10 trades:
-46-58+105-46+67-58-58-12-33-116?= -256 usd. (every child does not have more than 0,5% drawdown)
where you are seeing a -750 usd drawdown???
the truth is that I do not understand how you are not able to see the obvious and I do not understand why you are trying to distort what I am saying.
I understand it can be a bit disorienting when your strategy is very young, because you can see (and can obsess over) minor minute-by-minute data points within your startegy’s equity chart. As your strategy becomes a bit older, the equity chart becomes more meaningful, and frankly more accurate, as the “granularity” of the data becomes chunkier.
Here’s the background you should be aware of. The way the equity chart is calculated is that our software takes random “snapshots” of your strategy’s performance throughout the day. The frequency of those snapshots varies. Generally, young strategies with no or few subscribers (such as yours), have their snapshots taken less frequently than older, more popular strategies.
So, it’s quite possible that you closed a trade at say, 18:00 ET, but our software didn’t get around to taking a snapshot of your equity until a few hours later. That small delay may seem very significant to you, since you only have a few days worth of track record, but in the cosmic scheme of things, it all all comes out in the wash. As your strategy ages, a delay of a few hours between when trade is closed and when a data point is “posted” on your chart becomes increasingly less visible and important, and eventually it disappears altogether.
So, I welcome you to C2, and encourage you to keep trading and building that track record. It will become more and more meaningful as time passes (and also, you’ll receive more frequent CPU attention as your strategy ages).
hello Matthew, I understand you …the problem is that there has not been a single moment in which the drawdown has been higher than 4% even with open positions…you can test my track record…
I have taken care of my drawdown …for that reason I am angry with the statistics…it is not fair!..please check my track record, you can check that the drawdown has never been higher than 4%.
I did further investigation. The decrease in your equity is accurate. It occurred because the C2 software needed to catch up with significant commissions costs you rang up in your first day of trading. In your first day, you traded 124 futures contracts. The commission estimated by C2 for this was $496 dollars.
Running commissions calculations are also calculated on a periodic basis. In general, for new strategies without subscribers, commissions costs are added into your chart approximately once per day.
Sorry I did not make this clear in my initial reply to you.
If you have any further questions, write to the help desk directly at help@collective2.com
