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#474930 - 11/14/18 00:10 Taking the profit before it's gone
SnoopySniff Offline
Newbie

Registered: 10/04/18
Posts: 45
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? :-)


Edited by SnoopySniff (11/14/18 00:16)

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#474936 - 11/14/18 09:11 Re: Taking the profit before it's gone [Re: SnoopySniff]
jcl Online

Chief Engineer

Registered: 07/22/00
Posts: 26839
Loc: 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.

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#474945 - 11/14/18 15:11 Re: Taking the profit before it's gone [Re: jcl]
SnoopySniff Offline
Newbie

Registered: 10/04/18
Posts: 45
Haha. Alright! laugh

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#474957 - 11/15/18 01:24 Re: Taking the profit before it's gone [Re: SnoopySniff]
chsmac85 Offline
Junior Member

Registered: 10/07/18
Posts: 50
Loc: 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.

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#474982 - 11/15/18 22:07 Re: Taking the profit before it's gone [Re: chsmac85]
SnoopySniff Offline
Newbie

Registered: 10/04/18
Posts: 45
Alright. Thanks. Me too. For about a month.

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#474988 - 11/16/18 04:26 Re: Taking the profit before it's gone [Re: SnoopySniff]
Mio Offline
Newbie

Registered: 10/19/18
Posts: 16
Do you use the Capital slider to reinvest?

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#475051 - 11/20/18 14:53 Re: Taking the profit before it's gone [Re: Mio]
SnoopySniff Offline
Newbie

Registered: 10/04/18
Posts: 45
Originally Posted By: Mio
Do you use the Capital slider to reinvest?

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

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#476150 - 01/29/19 11:23 Re: Taking the profit before it's gone [Re: chsmac85]
mostafanfs Offline
Guest

Registered: 01/25/19
Posts: 4
Loc: 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.

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#476178 - 02/02/19 14:44 Re: Taking the profit before it's gone [Re: mostafanfs]
chsmac85 Offline
Junior Member

Registered: 10/07/18
Posts: 50
Loc: AZ
A former poster made their z12 account available for tracking.
https://www.myfxbook.com/members/darcymac/zorro/2569912

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#476183 - 02/03/19 03:04 Re: Taking the profit before it's gone [Re: chsmac85]
jrath Offline
Junior Member

Registered: 11/06/16
Posts: 68
Loc: USA
looks like the party's over in that one

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