German Index Future (FDAX) - Timezone -
I am getting second thoughts now about the system. On 6/18/12 DAX opened with a large upside gap. Shortly afterwards system entered long when it looked like DAX was already trying to fill the gap which is what you normally would expect. Nevertheless system added two more contracts to the losing position which resulted in the largest loss so far, larger than any single trade profit. Vendor says he uses 5% discretion, this was a case where he should have intervened early on - where was he?