EFX BOT Trading (By dharamsiti)
| Gain : | -2.53% |
| Drawdown | 23.86% |
| Pips: | -8622.7 |
| Trades | 1485 |
| Won: |
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| Lost: |
|
| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Unknown |
EFX BOT Trading Discussion
Jul 03 at 11:54
223 Views
14 Replies
forex_trader_3866880
Member Since Sep 27, 2024
1 posts
Oct 18 at 14:13
Hello, can you get back to me? Thanks
Member Since Nov 11, 2024
12 posts
Nov 28 at 13:52
Jdalton posted:Good luck using Ox and Efx, they are the perfect disaster combo
Hi Dharamendra I would like to pick your brain about a situation .I have used the same bot and broker as you are using. Please connect, I can send more info over text
Member Since Jun 24, 2024
4 posts
Nov 28 at 23:14
Hi, I have the same feeling about them. I dont think we will be able to make any money, mostly they are making the money by collecting monthly fees and trading commissions
Member Since Jun 24, 2024
4 posts
Nov 28 at 23:15
my cell: 704-453-6248 if you want to text.
Member Since Nov 11, 2024
12 posts
Nov 29 at 03:52
dharamsiti posted:Are you asking me to text you?
my cell: 704-453-6248 if you want to text.
Member Since Nov 11, 2024
12 posts
Nov 29 at 05:36
dharamsiti posted:Exactly and every time you ask them what's going on, they will blame everything like VPS not working well, MT4 had issues but they will never accept any responsibility. They definitely get kickbacks from the broker
Hi, I have the same feeling about them. I dont think we will be able to make any money, mostly they are making the money by collecting monthly fees and trading commissions
Member Since Jun 24, 2024
4 posts
Nov 29 at 06:17
Jason, I am just waiting for Drawdown to go little low, and I get enough profit that I can recover what I paid then I will remove the money and be done with them. it shows I made $100,000 in profit but my capital reduces to -$120,000 so I am losing $20,000 if I close all my trades. So, I am just waiting for to get positive.
Member Since Nov 11, 2024
12 posts
Nov 29 at 14:39
dharamsiti posted:Yeah that's the illusion of being in profit. The equity level is what we should be watching. Unfortunately, I learnt this when I already lost a significant chunk of money. With NURP, I was doing the same thing- hoping to get to breakeven and then one fine morning, I ended up with a big loss.
Jason, I am just waiting for Drawdown to go little low, and I get enough profit that I can recover what I paid then I will remove the money and be done with them. it shows I made $100,000 in profit but my capital reduces to -$120,000 so I am losing $20,000 if I close all my trades. So, I am just waiting for to get positive.
Member Since Jun 24, 2024
4 posts
Nov 29 at 15:44
I see, I am at the Breakeven at this time. well $1000 up, maybe i should just quit. what did you do after that? did you find another company or stop trading?
Member Since Nov 11, 2024
12 posts
Nov 29 at 16:58
dharamsiti posted:Yep, I tried a few other companies too. Eminence, quantum, trnd, and many others. I just observed the trades and came to the conclusion that these ' algo trading/bot companies' are basically offering the same product. They put a large number of buy/sell trades randomly and then just hope that it will work. Apparently, this strategy is called grid bot trading and it is a very inefficient strategy. The other companies like nurp or eminence also use a dangerous approach known as martingale which eventually leads to massive losses.
I see, I am at the Breakeven at this time. well $1000 up, maybe i should just quit. what did you do after that? did you find another company or stop trading?
I have always wondered why someone would sell their 'highly profitable Algo bots' for a few thousand dollars when they can run it on hedge funds or institutional accounts and make a lot more money in performance fee. Well, looking at the results, I now know they reason why. Because, these companies know very well that theirs bots actually can't make any money. So, they sell it to gullible investors like us.
I did find a profitable strategy though but not from a company. I found a guy in the forum who offered to help me after looking at my comments. I am not sure what kind of bot he uses but it is on point. Using it for 3.5 months now and it has been very good so far.
Member Since Nov 11, 2024
12 posts
Nov 30 at 03:11
Better to talk over the chat, send me a text
Member Since Nov 20, 2024
4 posts
Dec 01 at 03:18
JasonTrades1968 posted:Amazing how people continue to spend big on bad trading systems while ignoring legitimate ones :Ddharamsiti posted:Yeah that's the illusion of being in profit. The equity level is what we should be watching. Unfortunately, I learnt this when I already lost a significant chunk of money. With NURP, I was doing the same thing- hoping to get to breakeven and then one fine morning, I ended up with a big loss.
Jason, I am just waiting for Drawdown to go little low, and I get enough profit that I can recover what I paid then I will remove the money and be done with them. it shows I made $100,000 in profit but my capital reduces to -$120,000 so I am losing $20,000 if I close all my trades. So, I am just waiting for to get positive.
Member Since Nov 27, 2024
2 posts
Dec 02 at 14:35
dharamsiti posted:Hello @dharamsiti don't give up. As a NURP user, I lost over 240K USD( check my portfolio) but I have recovered my losses with another profitable system, get in touch and I will connect you to the person who is handling my acc now.
I see, I am at the Breakeven at this time. well $1000 up, maybe i should just quit. what did you do after that? did you find another company or stop trading?
Member Since Nov 27, 2024
2 posts
Dec 05 at 03:00
JasonTrades1968 posted:Hi Jason, can you connect me with the said person?dharamsiti posted:Yep, I tried a few other companies too. Eminence, quantum, trnd, and many others. I just observed the trades and came to the conclusion that these ' algo trading/bot companies' are basically offering the same product. They put a large number of buy/sell trades randomly and then just hope that it will work. Apparently, this strategy is called grid bot trading and it is a very inefficient strategy. The other companies like nurp or eminence also use a dangerous approach known as martingale which eventually leads to massive losses.
I see, I am at the Breakeven at this time. well $1000 up, maybe i should just quit. what did you do after that? did you find another company or stop trading?
I have always wondered why someone would sell their 'highly profitable Algo bots' for a few thousand dollars when they can run it on hedge funds or institutional accounts and make a lot more money in performance fee. Well, looking at the results, I now know they reason why. Because, these companies know very well that theirs bots actually can't make any money. So, they sell it to gullible investors like us.
I did find a profitable strategy though but not from a company. I found a guy in the forum who offered to help me after looking at my comments. I am not sure what kind of bot he uses but it is on point. Using it for 3.5 months now and it has been very good so far.
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