Discussão XE Market Forex Hacked Set 1

Hi Jay,

I'm sorry to see you lose interest in liteforex, after the last spike I can understand why, but I would have thought you would just lower your lots instead.

At any rate, I've been looking to use your settings on XE Markets for quite a while. Here is a link to a demo I've set up. I hope you find this useful.
https://www.myfxbook.com/members/force199/xe-markets-demo-7185553/387214

I find the behaviour of FH pn XE Markets quite different, also, at 0.02 lot settings on a $3000 deposit the booster setting of 1.7 doesn't work as it needs to round up the numbers to 0.03 or 0.04.

I haven't had time to properly analyse the FH behaviour on XE Markets, but so far it seems to be in profit.
What I'm really surprised at is that on XE, FH didn't experience the large spike that liteforex gave just a couple of weeks ago. I need to look in to whether its skipping trades.

What is the point to keep trading with a broker that cheats their clients? Rather than support them and advertise them I have closed my account and will trade with another broker that seems to be more fair.

I am trading a micro account with XEM which is the same as the cent at LF. I started with $150 and starting lot size .1
Once I feel comfortable with them I will increase to $1500 and starting lot 1.

So far the price feeds seems stable on XEM. I have not been testing long but I'm hoping to see some volatile activity so that I can be sure they are providing an accurate feed. I can say that the spreads they offer on micro are the same as that offered on standard as I am recording the spreads on both in real-time for analysis.

be careful with the max lot

with xemarket the max lot is 100

fxtrader76 posted:
be careful with the max lot

with xemarket the max lot is 100

Thank you for the warning but this is the same as with liteforex. This is a reason I will never trade this account with a larger starting lot size than 1 lot

I had my first really frustrating day with LiteForex today. First of all I discovered some erroneous trades on my old account, 86 consecutive trades of 30cents, opening and closing itself one every minute, costing me $12. I've seen this before, but thought it was an FH problem, now I realise its a LiteForex problem so have complained to them.

I was manually hedging myself out of the FH spike over the last week, the number of re-quotes is unbelievable, and always at much worse prices. Anyway, more out of luck than skill I made over $500 profit, I decided to withdraw my money and start a new account, but the withdrawal process is full of conundrums. I hope this is just me being silly, but rather than allowing me to withdraw via debit card the same way I paid, they keep going on about digital purses. Now I have to wait till they open tomorrow to find out what this is about or if they're just playing games with me.

force199 posted:
I had my first really frustrating day with LiteForex today. First of all I discovered some erroneous trades on my old account, 86 consecutive trades of 30cents, opening and closing itself one every minute, costing me $12. I've seen this before, but thought it was an FH problem, now I realise its a LiteForex problem so have complained to them.

I was manually hedging myself out of the FH spike over the last week, the number of re-quotes is unbelievable, and always at much worse prices. Anyway, more out of luck than skill I made over $500 profit, I decided to withdraw my money and start a new account, but the withdrawal process is full of conundrums. I hope this is just me being silly, but rather than allowing me to withdraw via debit card the same way I paid, they keep going on about digital purses. Now I have to wait till they open tomorrow to find out what this is about or if they're just playing games with me.

It is NOT you being silly. They are playing games 100%. They will say many things to delay the withdrawal process as they are not funded properly. They don't have the money to give you back until new deposits are made. This is now quite apparent. Have a look over at FPA https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/21146-liteforex-scam.html and see that this is now quite common. They even go as far as accuse you of breaking AML rules to hold your withdrawal for another 14 days.

Liteforex is a scam. I purposely submitted a request to cancel all deposit bonus a week before I closed all my trades to withdraw. It seems they use the 'bonus program' as a way to cause problems / delays when clients withdraw profits / bail out. You can never read the fine print associated with the bonus properly. I had received my withdrawn funds after about 14 days.

Guys are you serious?
I just don't get it... so many people complaining about Brokers.
Are you all failling into the trap by commercial that propose 100% Bonus on your first deposit.

They are only few brokers that you can be confident with... We all know about it... FXCM, Pepperstone....

Why choising another scum bag broker... all they want it's your money!

CrazyTrader posted:
Guys are you serious?
I just don't get it... so many people complaining about Brokers.
Are you all failling into the trap by commercial that propose 100% Bonus on your first deposit.

They are only few brokers that you can be confident with... We all know about it... FXCM, Pepperstone....

Why choising another scum bag broker... all they want it's your money!

FXCM is one of the biggest scam brokers around.

The point is that in order to trade a strategy like this you either need large capital or micro lots. The reason for going with lite forex is the cent accounts. You can start trading a strategy that would normally require $3000 for just $150. The same with XEM. This is important when test a strategy long term. I don't run large money with these brokers. They are used for testing on a live feed with live trading conditions. Demo trading doesn't give you the same results.

https://www.forexpeacearmy.com/public/review/www.fxcm.com

I can't complain about FXCM France even if they have a bad spread compare to my Pepperstone account.

My advice will be: Only test in real what you really think is THE strategy to win because remember..; only 10% or less people win at Forex so be sure what you test.

I do be belleive my new Money Management Model that brokers are not going to tell you. I know it's the way to win... so I trade with it in live without a doubt!

You must be really confident with your strategy. If not... don't trade with it... don't even try... it's wasted time. : )

CrazyTrader posted:
Guys are you serious?

Well.. as you can see here https://www.myfxbook.com/members/Jayman007/sig-cent-martin/195905 the strategy is very successful and I only stopped it as it became evident that lite forex was manipulating my trades and the price feed. I am a full time professional forex trader and if I wasn't making a good living at it I would not be doing it. I am well aware of the tricks brokers play and run many real-time monitoring tools to alert me when things are not correct.

Money management is a crucial part of trading forex but it's not a money maker on it's own. No broker is going to tell you how to trade successfully as you have said. FXCM US was one of my first brokers but it became very obvious that they were not playing fair and I closed my accounts and never looked back.

I make 4-5 figures a month trading full time. Only maybe 10% of my earnings come from automated trading. Of course I test everything I do for long periods on live accounts trading small equity before I take them to larger sized accounts. The market is an ever changing environment. You must stay focused and adapt to it or you will be eaten alive. So I ask you, are you serious?

Well, here's the evidence below on liteforex's long winded way of doing things, the weird thing is I didn't really want to leave them, I just wanted to change my bonus plan (I changed it to 25+15 by mistake because of their lack of info on site), but just to do this one simple thing I have to withdraw everything, open new account, close old account, etc, etc

It's also funny you guys should talk about FXCM, I would never use them because of their wide spreads, but I attended their all-day boot camp today as they were doing a session on scalping and its something I wanted to learn more about. They spent half the day teaching hundreds of new traders strategies which they could only use via their website. It was kind of stealth teaching of forex, but forcing people to use them. The only exception was the scalping strategy which was really basic and could be used anywhere. Though I've seen very similar strategies offered on babypips. But one good thing was that they did stress money management to people. Oh yeah, and Barclays Fx had a stand there too. I use Barclays for stock trading, they're very good but they're very expensive.

=================
Hello,

Your funds were returned to your trading account 8*****. We have strict rules, regarding deposit/withdrawal of funds. For deposit/withdrawal you should use the same payment method: payment system, currency and purse. At first you should withdraw your deposit ($1800) to your credit card and only then you can withdraw your profit to your purse [email] in Skrill (Moneybookers) payment system.

Best regards,

hi jayman ,tell us how close you have you ever been of a margin call with this setting?

rob559 posted:
hi jayman ,tell us how close you have you ever been of a margin call with this setting?

On liteforex I got sooo close that one of my trades had a SO. Fortunately the market turned and I recovered the losses from the closed trade. I would call that a MC. Was a matter of a few pips away.

Hi Jayman,

I have followed with the setting you mentioned in the other forum, but still no trade after the setup since last Thur. Any suggestion ?

https://clip2net.com/s/2m6Nv

jasoniu posted:
Hi Jayman,

I have followed with the setting you mentioned in the other forum, but still no trade after the setup since last Thur. Any suggestion ?

https://clip2net.com/s/2m6Nv

Since XEM is market execution broker then you will need to set the ECN setting to TRUE.

So far I'm quite impressed by XEM. They are regulated by multiple EU agencies including FSA. They also hold all funds in segregated accounts and all clients are covered by the investment compensation fund for claims up to 20,000 euro. This is part of the regulation requirements.

You can sign up for a live account with XEM here
 https://clicks.pipaffiliates.com/afs/come.php?id=63&cid=4585&ctgid=17&atype=1

Jayman007 posted:

jasoniu posted:
Hi Jayman,

I have followed with the setting you mentioned in the other forum, but still no trade after the setup since last Thur. Any suggestion ?

https://clip2net.com/s/2m6Nv

Since XEM is market execution broker then you will need to set the ECN setting to TRUE.

It works....thx

I don't have lot 1.42 buy at this moment....strange !