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Taking the profit before it's gone #474930
11/13/18 23:10
11/13/18 23:10
Joined: Oct 2018
Posts: 77
S
SnoopySniff Offline OP
Junior Member
SnoopySniff  Offline OP
Junior Member
S

Joined: Oct 2018
Posts: 77
I had it twice, that I was 40 in profit and then I was 40 in a loss. I'd wish that I would have taken or could take the profit before it's gone because it hurts a bit to observe that a winning position is turning into a losing position.

Is there a way to do that without negatively influencing the algorithm? Should I drag the panic slider until the position is closed? But all positions would be influenced by it.

Or do I need to get used to the "set and forget" philosophy? I mean statistically, the outcome will be positive. Maybe I am observing it too much and should let it go?

How are you handling it my fellow Zorro fans? :-)

Last edited by SnoopySniff; 11/13/18 23:16.
Re: Taking the profit before it's gone [Re: SnoopySniff] #474936
11/14/18 08:11
11/14/18 08:11
Joined: Jul 2000
Posts: 27,166
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,166
Frankfurt
This is a frequent situation. The Z systems do lock profit, but only extreme profits, not 40 Eur. More aggressive locking reduces statistically the end result. So yes, fire and forget.

Re: Taking the profit before it's gone [Re: jcl] #474945
11/14/18 14:11
11/14/18 14:11
Joined: Oct 2018
Posts: 77
S
SnoopySniff Offline OP
Junior Member
SnoopySniff  Offline OP
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Joined: Oct 2018
Posts: 77
Haha. Alright! laugh

Re: Taking the profit before it's gone [Re: SnoopySniff] #474957
11/15/18 00:24
11/15/18 00:24
Joined: Oct 2018
Posts: 70
AZ
C
chsmac85 Offline
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chsmac85  Offline
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C

Joined: Oct 2018
Posts: 70
AZ
I've had the same issue. There's a balance of about 1-2 times a day of checking to make sure nothing crazy has happened that I've found works for me. I might revert to once a week once I am confident there aren't any issues. I've been running live for about a month now.

Re: Taking the profit before it's gone [Re: chsmac85] #474982
11/15/18 21:07
11/15/18 21:07
Joined: Oct 2018
Posts: 77
S
SnoopySniff Offline OP
Junior Member
SnoopySniff  Offline OP
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Joined: Oct 2018
Posts: 77
Alright. Thanks. Me too. For about a month.

Re: Taking the profit before it's gone [Re: SnoopySniff] #474988
11/16/18 03:26
11/16/18 03:26
Joined: Oct 2018
Posts: 16
M
Mio Offline
Newbie
Mio  Offline
Newbie
M

Joined: Oct 2018
Posts: 16
Do you use the Capital slider to reinvest?

Re: Taking the profit before it's gone [Re: Mio] #475051
11/20/18 13:53
11/20/18 13:53
Joined: Oct 2018
Posts: 77
S
SnoopySniff Offline OP
Junior Member
SnoopySniff  Offline OP
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S

Joined: Oct 2018
Posts: 77
Originally Posted By: Mio
Do you use the Capital slider to reinvest?

Yes, but at the moment there is not much to reinvest! haha

Re: Taking the profit before it's gone [Re: chsmac85] #476150
01/29/19 10:23
01/29/19 10:23
Joined: Jan 2019
Posts: 4
Select Your State or Province
M
mostafanfs Offline
Guest
mostafanfs  Offline
Guest
M

Joined: Jan 2019
Posts: 4
Select Your State or Province
Originally Posted By: chsmac85
I've had the same issue. There's a balance of about 1-2 times a day of checking to make sure nothing crazy has happened that I've found works for me. I might revert to once a week once I am confident there aren't any issues. I've been running live for about a month now.

Hey man.
Would you mind telling us which strategy and assets are you using for that real account? I could use more info like balance amount, win rate, performance and thinks like that
Thanks.

Re: Taking the profit before it's gone [Re: mostafanfs] #476178
02/02/19 13:44
02/02/19 13:44
Joined: Oct 2018
Posts: 70
AZ
C
chsmac85 Offline
Junior Member
chsmac85  Offline
Junior Member
C

Joined: Oct 2018
Posts: 70
AZ
A former poster made their z12 account available for tracking.
https://www.myfxbook.com/members/darcymac/zorro/2569912

Re: Taking the profit before it's gone [Re: chsmac85] #476183
02/03/19 02:04
02/03/19 02:04
Joined: Nov 2016
Posts: 69
USA
J
jrath Offline
Junior Member
jrath  Offline
Junior Member
J

Joined: Nov 2016
Posts: 69
USA
looks like the party's over in that one


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