AlonFx10/30 (Od forex_trader_20973)
Uživatel odstranil tento systém.
AlonFx10/30 diskuse
Členem od Nov 12, 2009
272 příspěvků
Oct 23, 2010 at 15:18
Why Trading Privileges Not Verified yet?
forex_trader_20973
Členem od Oct 22, 2010
37 příspěvků
Oct 26, 2010 at 09:14
We have set up account as per fxbook instructions.
Not sure how this feature becomes enabled.
Not sure how this feature becomes enabled.
Členem od Dec 15, 2009
4 příspěvků
Nov 08, 2010 at 13:29
Have you tested it at live account as live is much more different than demo
Why lock open trades
Why lock open trades
Členem od Nov 12, 2010
31 příspěvků
Nov 12, 2010 at 06:35
Hi Peter,
You wrote that you've setup the account as per fxbook instructions, but still had trouble with the 'Trading Privileges Not Verified' segment.
If you go to this link: https://www.myfxbook.com/help and scroll down, you'll see detailed instructions on how to do this. The point to this verification is so that we all know this account belongs to you, and not someone else.
Aso, Veki's questions are still not answered. I too believe a real account running any strategy performs far differently than a demo. Slippage and liquidity all play a huge role in real accounts that simply don't exist in demos. Is the performance you're showing on a real account?
Second, many trading services that show great returns hide their loses in open trades. When a strategy's performance is based solely on closed trades that went the right way, and the big losers are kept open to hide their impact on the strategy, then you have a false sense of accomplishment. I'm not saying that's what you're doing here. But hiding the open trades serves no purpose in my opinion. You should unlock this, so that there's enough transparency for us all to feel comfortable in the results. You'll gain a lot more members this way, I can tell you that much.
P
You wrote that you've setup the account as per fxbook instructions, but still had trouble with the 'Trading Privileges Not Verified' segment.
If you go to this link: https://www.myfxbook.com/help and scroll down, you'll see detailed instructions on how to do this. The point to this verification is so that we all know this account belongs to you, and not someone else.
Aso, Veki's questions are still not answered. I too believe a real account running any strategy performs far differently than a demo. Slippage and liquidity all play a huge role in real accounts that simply don't exist in demos. Is the performance you're showing on a real account?
Second, many trading services that show great returns hide their loses in open trades. When a strategy's performance is based solely on closed trades that went the right way, and the big losers are kept open to hide their impact on the strategy, then you have a false sense of accomplishment. I'm not saying that's what you're doing here. But hiding the open trades serves no purpose in my opinion. You should unlock this, so that there's enough transparency for us all to feel comfortable in the results. You'll gain a lot more members this way, I can tell you that much.
P
Členem od Jun 27, 2010
21 příspěvků
Nov 15, 2010 at 10:25
(Upravené Nov 15, 2010 at 10:26)
Yeah I agree with posters above, why hide the OPEN TRADES?
I also had a chat with one of alonfx staff, when I asked why not displaying real account? Then he gone from chat.
If you download the Brochure from alonfx website, there is no real report from broker at all in there.
Is there anybody here having a managed account with alonfx actually? how is the result so far? would you post it here? thanks.
I also had a chat with one of alonfx staff, when I asked why not displaying real account? Then he gone from chat.
If you download the Brochure from alonfx website, there is no real report from broker at all in there.
Is there anybody here having a managed account with alonfx actually? how is the result so far? would you post it here? thanks.
Členem od Feb 16, 2010
8 příspěvků
Nov 15, 2010 at 11:25
cinlung posted:
Yeah I agree with posters above, why hide the OPEN TRADES?
I also had a chat with one of alonfx staff, when I asked why not displaying real account? Then he gone from chat.
If you download the Brochure from alonfx website, there is no real report from broker at all in there.
Is there anybody here having a managed account with alonfx actually? how is the result so far? would you post it here? thanks.
I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.
Členem od Nov 16, 2010
1 příspěvků
Nov 16, 2010 at 12:11
if you look at the myfxbook page for the system there is an 'Equity' field which is different to the 'Balance' value. Does this not show the effect of open trades on the current balance?
Členem od Jun 27, 2010
21 příspěvků
Nov 17, 2010 at 09:50
swnke2 posted:
I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.
Thanks.
Is there any huge drawdawn trades left open?
Členem od Feb 16, 2010
8 příspěvků
Nov 17, 2010 at 10:19
cinlung posted:
swnke2 posted:
I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.
Thanks.
Is there any huge drawdawn trades left open?
Through the PAMM account, I dont get visibility of any open trades. I'm only aware of a trade once a it closes. However given that the StopLoss is 30 pips at worst case, I wouldn't expect huge drawdown anyway.
Cheers,
Nick.
Členem od Feb 16, 2010
8 příspěvků
Nov 17, 2010 at 11:34
Further to my earlier statement, I have now seen differences between my PAMM account and the demo account that AlonFX publish through myfxbook. Whilst there are differences, they are not too dissimilar to cause me concern at the moment.
I do seem to have had a negative effect on their trading since I joined however, as the growth has slowed down a fair bit. 😁Obviously we need to look at a more longer term.
Cheers,
Nick.
I do seem to have had a negative effect on their trading since I joined however, as the growth has slowed down a fair bit. 😁Obviously we need to look at a more longer term.
Cheers,
Nick.
Členem od Jun 27, 2010
21 příspěvků
Nov 17, 2010 at 14:38
Thanks Nick, swnke2 :) Is it possible to post your trade report?😳
forex_trader_20973
Členem od Oct 22, 2010
37 příspěvků
Nov 22, 2010 at 09:48
(Upravené Nov 22, 2010 at 09:54)
hi,
We have verified trading Privileges this morning, it should turn to verified status soon.
We have enabled open positions
Stop loss is not greater than 30pips, so no open large losing trades.
Worst cyclical DD we expect is 6 losers in row. (-180pips).
System will trade more in Late USA / Asia than Europe session.
We hope to add NordMarkets ECN this week as alternative broker.
We have verified trading Privileges this morning, it should turn to verified status soon.
We have enabled open positions
Stop loss is not greater than 30pips, so no open large losing trades.
Worst cyclical DD we expect is 6 losers in row. (-180pips).
System will trade more in Late USA / Asia than Europe session.
We hope to add NordMarkets ECN this week as alternative broker.
Členem od Nov 12, 2010
31 příspěvků
Nov 22, 2010 at 20:55
Hi Peter,
It's great to see that you've made the changes. I'm sure everyone here appreciates the transparency. Your system looks great. I for one would be glad to try it out, but I'm not sure I agree with your choice of brokers. A simple search for NordMarkets in Google show nothing but bad reviews. Is there a reason why you cannot open a relationship with a well-known broker? There are plenty of big names out there. If your system performs the way it has been, it deserves to be put on a superior broker. No one will trust their money with these little brokers who may disappear with their clients' money. Please let us know if you have plans to open with a broker which has a name that's recognizable. It doesn't have to in the leagues of e-trade or shwab, just someone we all recognize and trust.
Thanks,
P
PS. I really meant what I said about your system. It's really good.
It's great to see that you've made the changes. I'm sure everyone here appreciates the transparency. Your system looks great. I for one would be glad to try it out, but I'm not sure I agree with your choice of brokers. A simple search for NordMarkets in Google show nothing but bad reviews. Is there a reason why you cannot open a relationship with a well-known broker? There are plenty of big names out there. If your system performs the way it has been, it deserves to be put on a superior broker. No one will trust their money with these little brokers who may disappear with their clients' money. Please let us know if you have plans to open with a broker which has a name that's recognizable. It doesn't have to in the leagues of e-trade or shwab, just someone we all recognize and trust.
Thanks,
P
PS. I really meant what I said about your system. It's really good.
forex_trader_20973
Členem od Oct 22, 2010
37 příspěvků
Nov 22, 2010 at 21:04
Hi P,
Finding ECN MT4 execution broker with low spread costs, low client deposit, has MT4 MAM and accepting global client is not simple.
ATCBrokers and FXOpen ECN are another 2 candidates we are investigating.
In actual fact whilst FXCBS reputation does not preceed them, their execution is excellent.It is a pity their 'image' and branding is weak.
Watch this space.
PH
Finding ECN MT4 execution broker with low spread costs, low client deposit, has MT4 MAM and accepting global client is not simple.
ATCBrokers and FXOpen ECN are another 2 candidates we are investigating.
In actual fact whilst FXCBS reputation does not preceed them, their execution is excellent.It is a pity their 'image' and branding is weak.
Watch this space.
PH
Členem od Nov 12, 2010
31 příspěvků
Nov 23, 2010 at 02:27
Hi Peter,
Thanks for explaining it. I can see your point. Perhaps you can use FXCM. Here's a link to the mt4 platform option:
https://www.fxcm.com/metatrader.jsp
I have used them for many years, and I've never had any issues with withdrawals. I'm not sure if it suites all your requirements, but at the very least it has an mt4 platform, they accept global clients, and require low deposits. I don't work for them, and I don't get paid for posting this about them. I'm simply stating the fact that I've never had to worry about my funds with them. I can't speak for everyone else here, but if you had them as a broker I'd invest tomorrow.
P
Thanks for explaining it. I can see your point. Perhaps you can use FXCM. Here's a link to the mt4 platform option:
https://www.fxcm.com/metatrader.jsp
I have used them for many years, and I've never had any issues with withdrawals. I'm not sure if it suites all your requirements, but at the very least it has an mt4 platform, they accept global clients, and require low deposits. I don't work for them, and I don't get paid for posting this about them. I'm simply stating the fact that I've never had to worry about my funds with them. I can't speak for everyone else here, but if you had them as a broker I'd invest tomorrow.
P
Členem od Jun 27, 2010
21 příspěvků
Nov 23, 2010 at 07:25
Yeah I agree with FXCM, low spreads and deposit many representative offices around the world.
forex_trader_21097
Členem od Oct 23, 2010
4 příspěvků
Nov 23, 2010 at 07:36
another good choice with very fast execution could be inova
https://www.inovatrade.com/
https://www.inovatrade.com/
forex_trader_20973
Členem od Oct 22, 2010
37 příspěvků
Nov 23, 2010 at 08:47
Hi,
Whilst we agree FXCM covers nearly all the ground, the caveat is spreads. When the spread is 1-2pips higher (like FXCM V FXCBS), it can actually negate the strategy. Obviously, this is highly problematic when we can't match FXCM performance to FXCBS.
E.g
EURUSD + USDJPY in region of 0.9pip spread now in FXCBS, in FXCM 2.5 approx. EURCHF 1.7 FXCBS, almost 4 FXCM.
When a strategy like this is having small TP, every pip counts. It is fine line between success and failure.
Whilst we agree FXCM covers nearly all the ground, the caveat is spreads. When the spread is 1-2pips higher (like FXCM V FXCBS), it can actually negate the strategy. Obviously, this is highly problematic when we can't match FXCM performance to FXCBS.
E.g
EURUSD + USDJPY in region of 0.9pip spread now in FXCBS, in FXCM 2.5 approx. EURCHF 1.7 FXCBS, almost 4 FXCM.
When a strategy like this is having small TP, every pip counts. It is fine line between success and failure.
Členem od Jul 29, 2010
53 příspěvků
Nov 23, 2010 at 08:57
Yeah, FXCM are very bad broker in terms of spread and MT4 reliability. Wouldn't recommend them at all. MT4 really sucks or at least sucked when I had live account there 1 year ago.
I need your money to buy more drinks and women. Secure investment.
Členem od Nov 12, 2010
31 příspěvků
Nov 23, 2010 at 14:58
Peter,
I think you'd agree that it is far better to give up a pip or two out of the 10 your system takes in, than to wake up one day and realize you can't get your gains out of a broker because they've closed their doors and disappeared. As for spreads being much higher at fxcm, you may be able to negotiate a rebate program from them if you contact them. Most brokers are open to some sort of compromise.
Jim,
None of profits matters if you can't get your money. The more you make, the more it's going to hurt when you see your broker was a scam. Do a google search on any of forex brokers mentioned so far in this discussion and you'll see that most of are not NFA registered. Most are based in countries with NO regulation, and most have complaints lodged against them precisely in reference to an inability to withdraw money.
I don't care how fast a broker's execution is, or how low their spread are when comparing to their ability to keep my money safe. None of it matters if i can't have my money back. You might think this sort of thing doesn't happen. The sad part is that it happens far too often.
We can all sit here and offer up names of brokers with a millionth of a second order execution system, or someone that has the eur/usd spread at .5, but in the end no one here should sign up with any broker if it doesn't have a track record or a name that's been around a while. These are the ones most people online would say are at least big enough and visible enough to warrant some feeling of trust. TDameritrade, Interbankfx, OandA, FXCM.
Peter if the only problem with FXCM is that their spreads are a pip higher, then I'll take it. I'll put my money where my mouth is, and play your system if you can setup an account with them.
I think you'd agree that it is far better to give up a pip or two out of the 10 your system takes in, than to wake up one day and realize you can't get your gains out of a broker because they've closed their doors and disappeared. As for spreads being much higher at fxcm, you may be able to negotiate a rebate program from them if you contact them. Most brokers are open to some sort of compromise.
Jim,
None of profits matters if you can't get your money. The more you make, the more it's going to hurt when you see your broker was a scam. Do a google search on any of forex brokers mentioned so far in this discussion and you'll see that most of are not NFA registered. Most are based in countries with NO regulation, and most have complaints lodged against them precisely in reference to an inability to withdraw money.
I don't care how fast a broker's execution is, or how low their spread are when comparing to their ability to keep my money safe. None of it matters if i can't have my money back. You might think this sort of thing doesn't happen. The sad part is that it happens far too often.
We can all sit here and offer up names of brokers with a millionth of a second order execution system, or someone that has the eur/usd spread at .5, but in the end no one here should sign up with any broker if it doesn't have a track record or a name that's been around a while. These are the ones most people online would say are at least big enough and visible enough to warrant some feeling of trust. TDameritrade, Interbankfx, OandA, FXCM.
Peter if the only problem with FXCM is that their spreads are a pip higher, then I'll take it. I'll put my money where my mouth is, and play your system if you can setup an account with them.
