Account Ballance Lower Than it Should be

Created at 13 Nov 2020, 23:30
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trdrn

Joined 10.09.2020

Account Ballance Lower Than it Should be
13 Nov 2020, 23:30


Hi, today I noticed a strange thing. On one of my copy trading accounts my ballance is lower than it should be. I was charged more than the fee emails state.

Initial deposit 200

ROI 131.87%

Fees withdrawn: 73.87 (email proof)

Ballance 369.84

How is that possible?

Ballance should be 389 not 369!

 

Has anyone faced this before?

Thank you


@trdrn
Replies

PanagiotisCharalampous
16 Nov 2020, 09:37

Hi trdrn,

Can you please provide more information about this issue e.g. email screenshots, history screenshots etc? You need to explain to us in detail you did you calculate the 389 balance.

Best Regards,

Panagiotis 

Join us on Telegram  


@PanagiotisCharalampous

trdrn
16 Nov 2020, 18:08 ( Updated at: 21 Dec 2023, 09:22 )

RE:

PanagiotisCharalampous said:

Hi trdrn,

Can you please provide more information about this issue e.g. email screenshots, history screenshots etc? You need to explain to us in detail you did you calculate the 389 balance.

Best Regards,

Panagiotis 

Join us on Telegram  

Hello Panagiotis,

below I shall explain with screenshots the curent state of the account:

 

So we have an Account with 200 Eur deposit that made till today +134.26% profit. Meaning that the profit + initial ballance = 468.52

Now the withdraws as strategy fees are 73.87. So 468.52-73.87 = 394.65. That should be the ballance. But the ballance is 373.66. and that is my question , how can this be happenig?

Thank you

 


@trdrn

PanagiotisCharalampous
17 Nov 2020, 08:15

Hi trdrn,

Your calculations are wrong. You assume that ROI is equal to P&L change but this is not the case. You can read more about how ROI is calculated here.

Best Regards,

Panagiotis 

Join us on Telegram  


@PanagiotisCharalampous

trdrn
17 Nov 2020, 20:22

RE:

PanagiotisCharalampous said:

Hi trdrn,

Your calculations are wrong. You assume that ROI is equal to P&L change but this is not the case. You can read more about how ROI is calculated here.

Best Regards,

Panagiotis 

Join us on Telegram  

Ok I understand...

I would like to split the amount to 2 same strategies. How can I have 2 subaccounts copying the same strategy? Is that possible?


@trdrn

PanagiotisCharalampous
18 Nov 2020, 08:07

Hi trdrn,

You cannot have two subaccounts following the same strategy under the same account. To achieve this, you will need to create a new account and start following the strategy from that account as well.

Best Regards,

Panagiotis 

Join us on Telegram  


@PanagiotisCharalampous

trdrn
02 Dec 2020, 20:38 ( Updated at: 02 Dec 2020, 20:45 )

RE:

PanagiotisCharalampous said:

Hi trdrn,

You cannot have two subaccounts following the same strategy under the same account. To achieve this, you will need to create a new account and start following the strategy from that account as well.

Best Regards,

Panagiotis 

Join us on Telegram  

It is not the topc but I thing is a great opportunity to pass you this:

i think that it is mandatory to implement the Relative Drawdown in the Copy Trader Stats. There is only max ballance DD that do not shows us a clear picture. Only relative DD will show the real risk involved with the specific copy profile and make us able to choose. To know what is the risk and not only see the profits. I have seen many accounts that were doing good for months Blown in a day. If there was R DD those accounts should have been avoided.

my point is that winnings are worthless if we do not take into account the risk we have to take in order to make those results. Relative Drawdown is the first thing an experienced trader looks for.

Thank you


@trdrn