Tom'sEa WPFX LIVE (bei TomsEaWPFXlive)
Der Benutzer hat dieses System gelöscht.
Tom'sEa WPFX LIVE Diskussion
Feb 02, 2012 at 14:02
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
This EA was marketed to USA clients as well as all others. The Tradency account was set up for BOTH USA and all others. It was known that the USA clients were limited to 50:1 leverage so the EA was not 'LIMITED TO 400:1 LEVERAGE REQUIRMENT' Where did you find that anywhere on Tom's website? This is just your own opinion not a requirement.
I agree that 50:1 is very restrictive and if being traded at that leverage RL1 is about the best one can do. I have two offshore accounts that I am running now and will see how that turns out.
Feb 02, 2012 at 14:46
There not based in the US but I found some good reviews on them at:
https://www.100forexbrokers.com/reviews-ratings/tradefort.
Please check them out and tell me your opinion.
I opened a demo and the MT4 is really fast.
cwave
https://www.100forexbrokers.com/reviews-ratings/tradefort.
Please check them out and tell me your opinion.
I opened a demo and the MT4 is really fast.
cwave
Feb 02, 2012 at 16:35
(bearbeitet Feb 02, 2012 at 16:35)
flopps posted:
@cwave
400:1 is ok.... 500:1 is better
@statman
I don't think anyone said 400:1 was a REQUIREMENT according to the website.... I just said I wouldn't trade with anything less with this particular EA. Personal opinion only.
flopps I was not quoting you but quoting paulrozza who stated: '400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T.'
Just clearing it up that Tom's website does not mention any leverage requirement.
Feb 02, 2012 at 18:55
I mentioned earlier that the EA was producing double trades and that I'm awaiting Support to respond on this. In the interim, have checked my account history and spotted these in the closed trades. Same trades doubled up, but different close times, even 'though the TP appears to have been set at the same level. Any ideas folks?
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Comm Tx Swap Profit
1053410 2012.02.01 14:28 buy 0.10 eurusdsb 1.31840 0.00000 1.32140 2012.02.01 17:09 1.32140 0.00 0.00 0.00 3.00
1053408 2012.02.01 14:28 buy 0.10 eurusdsb 1.31840 0.00000 1.32140 2012.02.01 14:49 1.31777 0.00 0.00 0.00 -0.63
1053891 2012.02.01 16:31 buy 0.10 gbpusdsb 1.58547 0.00000 1.58847 2012.02.01 17:10 1.58779 0.00 0.00 0.00 2.32
1053892 2012.02.01 16:31 buy 0.10 gbpusdsb 1.58547 0.00000 1.58847 2012.02.01 17:19 1.58592 0.00 0.00 0.00 0.45
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Comm Tx Swap Profit
1053410 2012.02.01 14:28 buy 0.10 eurusdsb 1.31840 0.00000 1.32140 2012.02.01 17:09 1.32140 0.00 0.00 0.00 3.00
1053408 2012.02.01 14:28 buy 0.10 eurusdsb 1.31840 0.00000 1.32140 2012.02.01 14:49 1.31777 0.00 0.00 0.00 -0.63
1053891 2012.02.01 16:31 buy 0.10 gbpusdsb 1.58547 0.00000 1.58847 2012.02.01 17:10 1.58779 0.00 0.00 0.00 2.32
1053892 2012.02.01 16:31 buy 0.10 gbpusdsb 1.58547 0.00000 1.58847 2012.02.01 17:19 1.58592 0.00 0.00 0.00 0.45
Feb 02, 2012 at 19:22
cwave posted:
I found a Broker with 500:1 Leverage.
Would I be better with this or a 400:1 leverage.
I'm not very good with this leverage stuff so please remain patient.
Thanks in Advance.
If it's leverage your after this one will give 1000:1
https://www.exness.com/a/407115
forex_trader_53345
Mitglied seit Nov 13, 2011
53 Posts
Feb 02, 2012 at 20:31
You're entirely correct statman, everything mentioned here is just 'my honest opinion' as I am in no way tied to the developers other than have a shedload of margin at risk on this puppy and I can tell you if I didn't have 400:1 leverage operating on all of my accounts I would have suffered several margin calls by now, even though I have been trading 'within recommended parameters.'
statman posted:
This EA was marketed to USA clients as well as all others. The Tradency account was set up for BOTH USA and all others. It was known that the USA clients were limited to 50:1 leverage so the EA was not 'LIMITED TO 400:1 LEVERAGE REQUIRMENT' Where did you find that anywhere on Tom's website? This is just your own opinion not a requirement.
I agree that 50:1 is very restrictive and if being traded at that leverage RL1 is about the best one can do. I have two offshore accounts that I am running now and will see how that turns out.
Feb 02, 2012 at 20:38
statman posted:
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
This EA was marketed to USA clients as well as all others. The Tradency account was set up for BOTH USA and all others. It was known that the USA clients were limited to 50:1 leverage so the EA was not 'LIMITED TO 400:1 LEVERAGE REQUIRMENT' Where did you find that anywhere on Tom's website? This is just your own opinion not a requirement.
I agree that 50:1 is very restrictive and if being traded at that leverage RL1 is about the best one can do. I have two offshore accounts that I am running now and will see how that turns out.
They never officially state anywhere in writing that 400:1 leverage is required. I pieced things together from several things said in manuals and videos, and posted on here to everyone that the system recommendations were based on 400:1 leverage. Then someone from Global Profits made a posting following that and verified to everyone that the recommendations were based on 400:1 leverage.
Make losses, but always come out a winner at the end.
Feb 02, 2012 at 23:37
PocketGuy 4 Hours ago
I mentioned earlier that the EA was producing double trades and that I'm awaiting Support to respond on this. In the interim, have checked my account history and spotted these in the closed trades. Same trades doubled up, but different close times, even 'though the TP appears to have been set at the same level. Any ideas folks?
^^^ they did speculate that maybe due to failure to receive order confirmation so EA send again. Wonder how it'll work on the market-maker broker- if there's a re-quote...Maybe what you got there IS due to a re-quote...
==========
*** read carefully on the conditions >>> https://www.exness.com/forex/leverage
I'm still considering between them & ibfx... as they give free vps and offer mini accounts. both are mkt-maker...
===========
i would definitely choose min. 400:1 leverage, regulated, a/c segregated & relatively well-received broker... free vps would be a bonus.
start safe while ironing out the kinks... that's a note to me too, heh...
I mentioned earlier that the EA was producing double trades and that I'm awaiting Support to respond on this. In the interim, have checked my account history and spotted these in the closed trades. Same trades doubled up, but different close times, even 'though the TP appears to have been set at the same level. Any ideas folks?
^^^ they did speculate that maybe due to failure to receive order confirmation so EA send again. Wonder how it'll work on the market-maker broker- if there's a re-quote...Maybe what you got there IS due to a re-quote...
==========
*** read carefully on the conditions >>> https://www.exness.com/forex/leverage
I'm still considering between them & ibfx... as they give free vps and offer mini accounts. both are mkt-maker...
===========
i would definitely choose min. 400:1 leverage, regulated, a/c segregated & relatively well-received broker... free vps would be a bonus.
start safe while ironing out the kinks... that's a note to me too, heh...
Feb 03, 2012 at 05:14
Those who are getting double trades.....
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins. So when you log-in via your PC or Mac and DON'T log on as 'Console' you are creating 1 log-in season. If you were then to log in to your VPS on your iPad (for example) or different computer and don't log on as 'Console' then it is distinctly possible that you have started a new season. So when you open up MT4 the the second time you log in, you will end up with 2 MT4 platforms open with the same account, each of which will trade the EA. You wont notice you have multiple log-ins except for the duplicate trades.
The fix is to reboot your VPS to clear all the open seasons. Then next time you log in with your VPS IP address put /console at the end of the address. For example 193.222.498.123/console
If using your iPad or iPhone most RDC apps will have an advanced option to select 'Console'
Hope that's your fix
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins. So when you log-in via your PC or Mac and DON'T log on as 'Console' you are creating 1 log-in season. If you were then to log in to your VPS on your iPad (for example) or different computer and don't log on as 'Console' then it is distinctly possible that you have started a new season. So when you open up MT4 the the second time you log in, you will end up with 2 MT4 platforms open with the same account, each of which will trade the EA. You wont notice you have multiple log-ins except for the duplicate trades.
The fix is to reboot your VPS to clear all the open seasons. Then next time you log in with your VPS IP address put /console at the end of the address. For example 193.222.498.123/console
If using your iPad or iPhone most RDC apps will have an advanced option to select 'Console'
Hope that's your fix
Mitglied seit Nov 06, 2011
181 Posts
Feb 03, 2012 at 09:46
PocketGuy posted: To anyone who can provide experienced feedback: I'm running TEA on a UK spreadbetting MT4 platform, with broker-cited 'leverage' at 100:1, but the EA sees the account as a mini and 'lots' are set at .10 equivalent to 10p. Support told me (and I did ask) that the EA would equate currencies for deposits, so a c. GBP6k account would be seen as c. $10k. After testing the demo at this level (when all seemed well last year), I went live with GBP6k.
With current DD and a couple of GBP/USD sell trades being set at GBP2.10, I could do with some perspectives an views on this from the community. I assumed the 'leverage' calculated at much higher, and the EA would work as if it was dealing with a micro account - ceratinly based on the demo experience - but not so certain now...
As ever, appreciate all feedback.
Cheers.
Pocketguy, as you know I run your same set up and my understanding is as follows:
For all intent and purpose, a SB account is the same as a traditional micro account, ie. you are trading 0.10 (£, $ or whatever the currency is) per pip. I am not sure what you mean by equating currency, but regardless what currency you use, the EA will do 0.10,0.10,0.10,0.30,0.60 etc.
Therefore, of course, if we are trading UK£ we are taking on a bit more risk (and potential reward) if you compare it to trading USD. £0.10 is in effect $0.16. (and growing...!!) This, I believe, is the only consideration.
A SB account will always be 'read' by an EA as a 'mini account' due to the 0.10 minimum lot size quoted by the broker. This does not affect the EA at all, TOMs trades like if it was trading a mini account 0.10,0.10,0.30,0.60,0.90,1.20 and so on.
Other EAs I am running required modifications to the lot size, though.
Because of the peculiarity above, margin will be 'read' by any EA (not just TOMs) as 10:1. This only causes problems if you use an EA which calculates the lot sizes and stops based on margin available AND leverage %. As they read 10:1, they do not trade or attempt impossibly small lot sizes (Megadroid is one of these EAs)
I have several live SB accounts and have no problem (beside the 'on-the-low-side-margin').
Hope it helps :-)
Mitglied seit Nov 06, 2011
181 Posts
Feb 03, 2012 at 10:05
flopps posted:
Those who are getting double trades.....
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins.........
Flopps, you are right. I was having big problems when I had a VPS with WS2003. I was logging in from multiple locations and, although I never got double trades, I would close an MT4 instance under one log in only to find that it was still open and trading on the next. It beats me but my advice is if you are still using WS2003, make sure you always log in from the same place :-)
Feb 03, 2012 at 10:12
tradingshed posted:
flopps posted:
Those who are getting double trades.....
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins.........
Flopps, you are right. I was having big problems when I had a VPS with WS2003. I was logging in from multiple locations and, although I never got double trades, I would close an MT4 instance under one log in only to find that it was still open and trading on the next. It beats me but my advice is if you are still using WS2003, make sure you always log in from the same place :-)
You can log in from multiple locations... you just have to do so as a 'console'. I believe this issue was fixed with newer versions of Windows server
Feb 03, 2012 at 10:30
flopps posted:
Those who are getting double trades.....
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins.........
You can log in from multiple locations... you just have to do so as a 'console'. I believe this issue was fixed with newer versions of Windows server
flopps, same for me, except I'd logged into the VPS as /admin as well as a straight login and had two instances of User: Administrator running. Closed the other session - let's hope that solves it, and thanks again for the steer.
tradingshed - welcome back to the conversation! Thanks also for the info. As with a couple of the other guys who've mentioned this, I'm adding equity and looking to ride this out, but have some v. large positions, esp. on Cable, so the concern was how GKFX treats the available margin. I'm currently sitting at a margin level just under 160%...
As to the currency conversion term: I was simply feeding back what Support told me, which was that (in effect) the EA would treat GBP6k like USD10k (based on the 'cash equivalent'): from what you say, clearly TEA works purely on the numbers and this 'advice' from Support isn't the case. If thresholds are in USD, then one works to the same levels in GBP.
Feb 03, 2012 at 10:57
craneliu posted:
FXDD says 'US Accounts regulated by the NFA can't be set to 400:1'. Any reputable brokers or ideas?
try IBFX australia, this forex server is still located in US. but in order to avoid this new regulation in US, they set up an office in Australia.
so far the performace for TEA with this broker is good. but I am not sure whether you can apply the account or not if you live in US.
I may have an answer today. I have a IBFX Account and requested to move my 50:1 to 400:1.
I'm awaiting an answer as I write this and will let you know the outcome.
cwave
Mitglied seit Nov 06, 2011
181 Posts
Feb 03, 2012 at 10:58
(bearbeitet Feb 03, 2012 at 11:15)
On the topic of Risk Levels, equity and account sizes, I wanted to throw in my 2 cents.
I am not a believer of employing large capital (ie 10k each pair @ RL1 as mentioned somewhere) just to make sure that in the event of a rally there is enough money to cover for a 5,000 pip run. This is because for the majority of the time markets will be ranging and all that money will not be used. It will not be working for you. Expecially with leverage of around 400:1 there is no need for so much money. Probably the rule of RL8 for 10/12k is a balanced view. IMO what is important is that extra money is available to be put in at short notice to increase equity.
Let's start with the assumption that someone has 100k and that (as per website) RL8 is good for a 10/12k. If we want to have 10 times that to feel comfortable during big rallies, it is not necessary to put a further 90k in the account 'just in case'. Run the EA on RL 8 with 12k and keep the extra money somewhere else during normal times, feeding it in the account on a need basis.
There has been a lot of talks about leverage also in the last few days. Often in forums I hear that high leverage is dangerous, should not be used etc etc. IMO the higher the leverage, the safer the account as, (if you have a predetermined strategy) you can employ less capital to trade the strategy. (like in the case of Tom's EA). I would sleep much better at night with the 1000:1 from the russian brokers 😲 than with 50:1 😁
I also agree that TOMs need more than 50:1 and all USA residents should......investigate options.
To give perspective, and for entertainment purposes, I enclose some reports below.
This is a demo account that I have been running since November. Its purpose if to give me 'worse case', 'what if' etc. scenarios. It is running 8 pairs at RL 3, for a whopping total RL of 24. As the account started with 10k, this is nearly 4 times the recommended RL. I would have expected it to blow in a few weeks. Instead, it is still running and is producing around 40% a month, although with some scary DD 😲
Having said that, DD% has never exceeded 50%. Interesting.
I am not a believer of employing large capital (ie 10k each pair @ RL1 as mentioned somewhere) just to make sure that in the event of a rally there is enough money to cover for a 5,000 pip run. This is because for the majority of the time markets will be ranging and all that money will not be used. It will not be working for you. Expecially with leverage of around 400:1 there is no need for so much money. Probably the rule of RL8 for 10/12k is a balanced view. IMO what is important is that extra money is available to be put in at short notice to increase equity.
Let's start with the assumption that someone has 100k and that (as per website) RL8 is good for a 10/12k. If we want to have 10 times that to feel comfortable during big rallies, it is not necessary to put a further 90k in the account 'just in case'. Run the EA on RL 8 with 12k and keep the extra money somewhere else during normal times, feeding it in the account on a need basis.
There has been a lot of talks about leverage also in the last few days. Often in forums I hear that high leverage is dangerous, should not be used etc etc. IMO the higher the leverage, the safer the account as, (if you have a predetermined strategy) you can employ less capital to trade the strategy. (like in the case of Tom's EA). I would sleep much better at night with the 1000:1 from the russian brokers 😲 than with 50:1 😁
I also agree that TOMs need more than 50:1 and all USA residents should......investigate options.
To give perspective, and for entertainment purposes, I enclose some reports below.
This is a demo account that I have been running since November. Its purpose if to give me 'worse case', 'what if' etc. scenarios. It is running 8 pairs at RL 3, for a whopping total RL of 24. As the account started with 10k, this is nearly 4 times the recommended RL. I would have expected it to blow in a few weeks. Instead, it is still running and is producing around 40% a month, although with some scary DD 😲
Having said that, DD% has never exceeded 50%. Interesting.
Anhänge:
Mitglied seit Nov 06, 2011
181 Posts
Feb 03, 2012 at 11:00
flopps posted:
tradingshed posted:
flopps posted:
Those who are getting double trades.....
Are you running the EA on a VPS? If yes... is your VPS running windows 2003 server? If yes.... the problem with windows 203 server is that it allows multiple log-ins.........
Flopps, you are right. I was having big problems when I had a VPS with WS2003. I was logging in from multiple locations and, although I never got double trades, I would close an MT4 instance under one log in only to find that it was still open and trading on the next. It beats me but my advice is if you are still using WS2003, make sure you always log in from the same place :-)
You can log in from multiple locations... you just have to do so as a 'console'. I believe this issue was fixed with newer versions of Windows server
It has been fixed, I now have 2008 and no problems. What I meant above is that if anyone is using 2003, it would be better if they kept as a rule to log in from one place as I kept forgetting to log out safely, expecially from the phone. 😕
