NFA bans locking from 15 May 2009 - page 19
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My previous post does not contradict the fact: any dealing is a casino.
There will be no proof.
They won't be needed...
As they say: you're all clear.
I've read the topic and made some conclusions. If I've missed something, add it up.
Pros of lots:
1. closing multiple positions at the same time (if you consider that opening a single position will be faster and more profitable than closing multiple positions in succession).
2. The simple accounting of orders in Expert Advisors.
3. The psychological factor of "temporary stop" (it is easier to open a lot than to close a losing position).
.
4. Possibility to hide the drawdown of balance.
Disadvantages of locks:
1. negative total swap and commission.
2. Psychological factor "self-deception" (it is easier to open a lot than to close a losing position).
3. The possibility to hide the drawdown of the balance.
I am against using locks within the same strategy. But I would be more comfortable if they remain (for quick closing of positions and for easy accounting of orders in EAs).
PS: Helen, kombat, you really haven't provided a single example (let alone proof) of the benefits of locs. And you pounced on timbo with so much vomit that it was sickening to read...
Do you want to demonstrate your (or someone else's) account where a lot of money has been made using locs? Show it! And I'll change its history so that there are no locks - and the result will be better on the swap difference.
Are you defending lock as a technical tool? Be my guest, use it. But listen to your opponent, timbo is not talking about technique, but about financial results. And he's right.
...
PS: Helen, kombat, you really haven't provided a single example (let alone proof) of the benefits of a loca. And you pounced on timbo with so much vomit that it was sickening to read...
Again, if all that I have written, including as responses to opponents you consider vomit and stuff,
then that's the end of the conversation...
*
Even for another reason: if a tool used by at least half of MT users is called
openly a hoax, a "tool of morons", etc... there will be no constructive conversation doubly so...
*
Every "anti-LOC" is demanding some kind of rendition of benefits, stats, from us, the users of the LOC.
Sorry, but these demands are akin to us demanding to prove an advantage or disadvantage from using
of the "Close" button (the big yellow one in the order window).
If you have your own answer to it, then fine, but I personally do not have it...
*
Pros of lots:
1. closing multiple positions at the same time (if you consider that opening one position will be faster and more profitable than closing multiple positions in succession).
2. Simple accounting of orders in Expert Advisors.
3. The psychological factor "temporary stop" (it is easier to open a lock, than to close an unprofitable position).
4. Possibility to hide a balance drawdown.
1. ok
2. ok
3. do not count
4. left-handed
Disadvantages of locks:
1. negative total swap and commission.
2. Psychological factor "self-deception" (it is easier to open a lot than to close a losing position).
3. The possibility to hide the drawdown of the balance.
1. insignificant, on the verge of absence as a disadvantage
2. do not consider
3. generally left
Explanation on the subject of balance.
For example the minimum and maximum values of the parameters are set by the software, and the minimum and maximum values of the technical support are set by the software,
I don't know what to do with them, but I'm sure they're right.
And you can cheat anywhere, on anything you want, including guaranteed and legal objects...
Hiding balance drawdowns from yourself... It seems to me that this is in the field of specialised medicine.
Well, not the use of MT and its lot platform ... not just MT...
*
Basically, this unfortunate balance, which bothers some individuals, without too many problems
can also be excluded from the face and accounting of the MT.
1. Equity will always reflect the real state of the account
2. Code AccountBalance() should be left only for scripts, or replaced with more logical BalanceFullHistory()
(however, there's not much need in it either, just for brevity of function writing...)
I have read the topic and made some conclusions. If there is something I have missed, please add more.
Pros of locks:
1. the simultaneous closing of multiple positions (assuming that opening a single position will be faster and more profitable than closing multiple positions in succession).
This is not an exclusive feature of locs. According to the new, and old, rules, ten open orders of one lot will be closed by one opposite order of 10 lots. If the opposite order is 11 lots, it will close the 10 existing ones and leave one opposite order.
Again, if you consider everything I've written, including responses to your opponents, to be vomit and stuff,
then this conversation is over...
No, not all of it. But there was a lot less mud than constructive.
Finishing a conversation by saying "you're stupid, what's there to talk to you about?" is not a sign of intelligence.
Every "anti-LOC" is demanding some kind of rendition of benefits, stats, from us local users.
Sorry, but these demands are akin to demanding us to prove advantage or disadvantage from using
of the "Close" button (the big yellow one in the order window).
If you have your own answer to that too, fine, but I personally do not...
I pointed out a specific flaw in the loc, you agreed with it (though mentioning its "insignificance").
Let's get on with being constructive - point out its merits. The "positive" points on my list were not made by you.
Explanation on the subject of balance.
It's "scary" when the DU is deliberately misleading the investor, plus the dumb tech support of the DC,
>> so you see it has nothing to do with actual trading and using MTs.
I agree, hiding the drawdown is almost irrelevant to your own trading. I just tried to gather all opinions. An investor's point of view is also a point of view.
Every "opponent of the LOC" demands of us, the users of the LOC, some kind of rendition of benefits, stats.
Not demands, but asks. And solely in response to claims that using locs is a cool strategy that is beyond the limited perception. "You don't know how to use locs". Such claims need to be backed up with facts.
The pros of locs:
...
4. Ability to hide balance sheet drawdowns.
Disadvantages of locks:
...
3. Ability to hide balance drawdown.
So - advantage or disadvantage?
IMHO - lots disguise the "purity" of the strategy - it quickly becomes unclear what's going on. The Expert Advisors are written with the purpose of psychology negation.
I've read the topic and made some conclusions. If you've missed anything, add it up.
....
Addendum. It is possible to build a megalot with lots, provided there is zero margin for locking.
Not demanding, but asking. And solely in response to claims that using locs is a cool strategy that is beyond the limited perception. "You don't get to use locs". Such claims need to be backed up with facts.
Your mistake is that you and many others relegate a tool called LOC as a strategy.
When it can hardly be called a tactic... A tactic of current action... that's all...
*
Before we continue, let's get back to the more important point of the abolition of lock.
Locs are the "spawn" of the lot platform, i.e. to all the things we are so used to in MT.
The main of which is the accounting system...
A return (l.m.: perversion) to neto-accounting would fundamentally change the usability of MT.
*
It's asking for some facts that it's as if no one has seen/heard anything else.
So, what is nettocounting anyone can thoroughly and easily learn in any nettoplatform.
What's the problem, and as you can see I have not invented anything (as in everything I write) and anyone can check...
*
With the arrival of nettocounter not only the locs will leave, that's half the trouble, with it will come something ridiculous.
And there's only hope for the MK Goddess, who thoroughly thought over this issue with accounting in MT5.
*
And most importantly, about the lock...
Understand one important thing.
Every trader trades according to their own ideas, tactics, strategies and tools.
No argument about that, right?
For example, wave traders also spit on the small stuff at the bottom and they have never been able to prove their superiority.
But nevertheless all traders, without exception, have the freedom to choose how to trade ... right? right...
*
Then why all this mudslinging about the LOK tool?
to show your competence? to demonstrate your importance? to show off the fashion to kick the lock, like I'm a pro, and pros do not lock.
(then why is the % of losing funds higher than those who lock...?? ;))))))))))))))))))))))))))))))))))
*
Next...
With the arrival of netbooking we will be driven into the stall. Any move left/right is a firing squad on the spot.
The lot platform, on the other hand, gives you a choice:
- if you don't want to do it, don't do it. For traders.
- to create conditions that do not allow locks, for DCs.
It is possible to build a mega lot with locks, provided there is zero margin for locking.
This is more for extremes and demo champions.
A sensible trader on the real will not indulge in such tricks.