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Posts by forex_trader_100568
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BPGE (PAMM account)
in
Trading Systems
Mar 21, 2016 at 08:20
Sorry guys, was afk.If you read above you'll see I've mentioned a few times now that I am changing broker completely and will advise when a new setup is ready to go.No, I won't be starting it up again at hotforex. Not a snowballs chance in hell.Also above I mentioned an issue they were having with the client area still showing orders being open, *several hours* after they were in fact closed.I've emailed them to advise of the problem, and soon after I did this the message some of you are quoting has appeared.From what I can tell, something is borked at their end and they need t...
BPGE (PAMM account)
in
Trading Systems
Mar 21, 2016 at 03:52
If anyone is having issues withdrawing to their hotforex wallet, including receiving an amount that is too high, it's taking the hotforex website in excess of 2 hours (so far!) just to process the closed trades.Their website is extremely slow at the best of times but this is obviously very poor and you should definitely take it up with them (not me!) if you have any issues.
BPGE (PAMM account)
in
Trading Systems
Mar 21, 2016 at 02:53
All open trades are now closed.We took a loss today basically to get the hell out of there asap.Hotforex didn't start their price feed until a full 30 minutes after the market opened. I don't care what reason they think they have, that's just unacceptable and basically left me with no choice because that sort of behaviour makes the risk undefined and therefore too high.I've processed any pending withdrawals manually (can only do when 0 open trades) so folks don't have to wait until rollover today.Helpful tip:When making withdrawals you need to use the same method you used t...
BPGE (PAMM account)
in
Trading Systems
Mar 18, 2016 at 08:26
You're welcome and thank you, Pablo :)
BPGE (PAMM account)
in
Trading Systems
Mar 18, 2016 at 07:54
Some perspective for you, Pablo... the drawdown is fully expected as a normal part of the strategy so there's nothing to 'recover' from :)Just in case there's any confusion:The 20th is the date where no new investors are permitted, not the moving date.Absolutely not moving until current open trades are closed.Once they are, moving some time soon after that but no new trades will be opened in the mean time.I'll advise once all trades are closed and will advise again once new setup is in place.
BPGE (PAMM account)
in
Trading Systems
Mar 18, 2016 at 07:11
There's a perfectly normal drawdown for this strategy, if that's what you mean :)Yes, orders will be closed in the normal way before moving.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 20:00
@patrickdrew nothing unusual or sudden about that at all, is perfectly standard for this strategy. As mentioned, Hotforex have been caught doing dodgy things. No issues prior to this but that is just unacceptable.As mentioned previously, will post in here when ready to go at a new broker.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 11:57
Any open trades will be closed normally, then no new ones will be opened.Withdrawals are of course up to each investors own preference but it's probably easier to wait until all open trades are closed so only have to put in one withdrawal request.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 10:58
Hotforex are supposed to be an STP/DMA broker. However, it is clear that they are not and their choice of liquidity providers leaves a lot to be desired as well.Unfortunately most reviews are just worthless and are often made by bad traders having a whinge. Makes it very hard to tell which review actually has merit.@tomazxyn Yep, that's exactly what I'm saying.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 09:34
You are looking at stats given to you by an independent website, and you are still asking the trader?I could tell you it was 5% and you would just believe me? No, I didn't think so. You might be really lazy but you are not stupid.The stats are there for a reason. If I told you it was less than 10%, you have absolutely zero reason to believe that.Seeing as it's somehow impossible for you to ask myfxbook why their website seems to be having an issue, it's just safer for you to just pick the higher value anyway regardless of what it actually is or what *anybody* tells you.What I will ...
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 08:59
If you have found an error with a website, why would you ask anyone except the people responsible for the website?Report the issue to them and don't waste people's time with silly questions that have nothing to do with them.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 08:31
I've also reported it as a bug, which you could have done ages ago yourself.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 08:19
Tell you what, instead of completely wasting my time, ask the people who maintain the actual pages and ask THEM why it's showing differently from one page to the next and which one is accurate.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 07:47
Firstly, no page is MY page - it is either Hotforex's or myfxbook's page.If any of them are to be believed, then myfxbook is more likely to be accurate.Trading will completely stop on this pamm and I will be changing broker.I'll let you know where soon.
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 00:40
Yes, absolutely!
BPGE (PAMM account)
in
Trading Systems
Mar 17, 2016 at 00:18
This PAMM account will be closed to new investors as of 20th March 2016 and I will be moving this account to a new broker soon afterwards.Reason: Hotforex have been caught doing some extremely dodgy things with regard to order execution and have completely failed to act on this.I see no reason for client funds to be a cause for concern but by all means shift your funds to the new brokerage once I announce it.For those that are concerned about such things, the new brokerage will be one that keeps client funds in a European bank.That's all for now and I'll put another message here once I...
BPGE (PAMM account)
in
Trading Systems
Feb 25, 2016 at 06:57
That is not the only explanation. Without being rude, you're completely wasting your time even asking.
BPGE (PAMM account)
in
Trading Systems
Feb 10, 2016 at 07:57
Check the time it last updated.If not updated recently, wait until it has updated.If updated recently and you still believe it to be incorrect, ask Hotforex why.With all due respect, it's no good asking me.
BPGE (PAMM account)
in
Trading Systems
Feb 08, 2016 at 05:57
It's not martingale.History is of no real use to anyone, and frankly if they're not an investor it's none of their business anyway.
BPGE (PAMM account)
in
Trading Systems
Feb 07, 2016 at 22:09
One thing I've noticed is that it's important to see when the stats were last updated. Neither place has them in anything remotely resembling real time. Eg: if myfxbook says last update 5 minutes ago (or something else recent) but Hotforex says last update was yesterday - there's the answer.Just did a quick check for Jan and Feb this year and both are showing the correct gain percentage, although myfxbook uses 2 decimal places compared to Hotforex's one decimal place.
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