Jayman007's Posts - Page 5

XE Market Forex Hacked Set 1 in Trading Systems Sep 27, 2012 at 17:50

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

Sig cent Martin in Trading Systems Sep 26, 2012 at 11:56

I just wanted to warn everyone that trading at lite forex is a very risky adventure. No matter how much profit you make there is always the worry that you will not have your withdrawal processed. I am still waiting for the funds from this account to be processed. They had the funds pulled from my account instantly but now I'm told that I'm in a que and they will processes the request when possible. How is it not possible to process a withdrawal unless the company is not properly funded and has to wait for incoming funds to pay out withdrawal requests. This we call a PONZI scheme.I...

XE Market Forex Hacked Set 1 in Trading Systems Sep 24, 2012 at 14:51

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 .1Once 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 th...

lite- in Trading Systems Sep 22, 2012 at 06:40

You results this week look outstanding. Congrats! Did you make some changes to the settings or manually intervene to get such outstanding results?I should add that you really need to beware of lite forex as they seem to now be slowing down the execution times on forexhacked trades which will lower the overall profitability of the system. I have shut down my main FH account there and have started trading at XE markets.

Sig cent Martin in Trading Systems Sep 20, 2012 at 19:37

All trades have closed in profit. I have now shut down this account as LITE FOREX is obviously not liking how well this account performs. I have already started the new live test at XEM (see link above).

Sig cent Martin in Trading Systems Sep 20, 2012 at 06:27

I am not stopping at all. I have moved over to XEM to continue my long term forex hacked test.http://www.myfxbook.com/members/Jayman007/xe-market-forex-hacked-set/387093I started with $150 (the min to run this set file on micro account) and once I verify that it is running smoothly I will increase the balance to $1500.

Sig cent Martin in Trading Systems Sep 20, 2012 at 06:19

My short basket finally closed. With the swaps (last night was x3) and the 2 sl I am down like $2 from this ordeal. I have shut down new trades on the short side and when the long basket closes, I will shut down this account and this myfxbook account will stop updating. It was a great run. Highly successful. I wish everyone great success with this strategy. My only big warning is STAY AWAY FROM LITE FOREX.

Sig cent Martin in Trading Systems Sep 19, 2012 at 12:53

I'm sure I will.. not too worried now. I have turned off the seller so when this basket closes then no more sells. I will be closing this account down as soon as possible and giving the boot to lite forex scam house.for the record..price on LF came within 2 pips of my tp before it bounced up 30 pips.

Sig cent Martin in Trading Systems Sep 18, 2012 at 09:36

I have no contact at all with the developers of FH. It sucks to hear they are not responding to customer inquiries. All I can suggest to to send support requests via the channels they lay out on the website.

Sig cent Martin in Trading Systems Sep 18, 2012 at 06:30

Nothing much has changed trading wise in the past few versions. I run a modified 2.4 version with the 23h bug fixed.

Sig cent Martin in Trading Systems Sep 15, 2012 at 10:49

This is a commercial EA that can be purchased fromhttp://goo.gl/XZgNNI'm happy to share the settings I use.

Sig cent Martin in Trading Systems Sep 15, 2012 at 08:17

I'm not talking about changing the FH strategy but rather the way orders are opened. I want to do this due to the problems that I saw were caused by my broker refusing to accept my orders. I feel this never would have been the case if the order were pending at the given price rather than instant execution.

Sig cent Martin in Trading Systems Sep 14, 2012 at 19:41

I was just chatting with a friend about this and we have come up with a great idea. Instead of having FH open orders at market, after the first trade opens then put in a limit order for level 2. So if the price moves to that level your level 2 will get filled without slippage and without the broker refusing the order. Then, it would put in limit order for level 3 and so on. As the limit orders were hit then FH mdofies the tp to match what the tp on the limit order.This is make it very hard for the broker to refuse you entry into an order since you will put in the limit orders a good 30 pip...

Sig cent Martin in Trading Systems Sep 14, 2012 at 19:27

No.. my order didn't get filled cause the broker held it for several minutes and then refused it. It was later filled on the 3rd move up. Had it have filled the first time then on the move back down my basket would have closed. But now I find myself in a large DD and was within 10 pips of sl#2. I have had sl#2 hit before and still have the account recover but usually once sl#1 hits I start to get concerned as it doesn't take much of a big move to wipe the account at that point.Also, there is not next trade in this basket. My last trade (#9) is 69.76 lots. If sl#2 occurs then FH w...

Sig cent Martin in Trading Systems Sep 14, 2012 at 17:56

So I broke my rule again and added $500 into this account. I was getting close to the edge to which I blame liteforex 100%. As soon as this basket closes I am shutting down this account. It's been a great run but it's clear to me that they are no longer happy with the performance of this EA on their servers and not only my account but several others that I either manage myself or watch directly were also effected in the same way by lite forex in the last 24 hours. I am no longer recommending this broker for any reason. I have opened a new micro account with XE market and will star...

Sig cent Martin in Trading Systems Sep 14, 2012 at 09:19

I did not. If I FH sends the order and can't open... then I can't either..Also, If I manually send in the order then there is no magic number and FH would not recognize it and if the price saw that entry level again then fh would try again to enter and I would have double large trades.

Sig cent Martin in Trading Systems Sep 14, 2012 at 06:35

I agree that adding $$ to forexhacked is like throwing good money after bad. You determine your max risk when you fund the account and understand that the whole account is at risk if things go extreme. That is why you should withdraw your profits regularly so that if/when the account blows you don't also lose the profit.If you want to reduce the risk.. then increase your equity and lower the starting lot size.

Forex Hacked v2.3 in Trading Systems Sep 13, 2012 at 20:52

what is the formula used to determine the starting lot size? How much balance is required per .02 starting lot?

Sig cent Martin in Trading Systems Sep 13, 2012 at 20:22

Yeah.. they blocked me from opening my last trade2012.09.14 01:40:17 'xxxxxx': order sell 24.14 GBPUSD opening at 1.6168 sl: 1.6418 tp: 1.6123 failed [Trade timeout]2012.09.14 01:37:01 'xxxxxx': request was accepted by server2012.09.14 01:37:00 'xxxxxx': instant order sell 24.14 GBPUSD at 1.6168 sl: 1.6418 tp: 1.6123I think they are finally tired of losing money to this system. That's how it goes when you trade with a market maker. I guess I need to start looking for a new broker with cent accounts.

Sig cent Martin in Trading Systems Sep 12, 2012 at 08:38

8 trades deep.. and I intervened 1 time when I had an order hit SO. I manually adjusted the tp for the rest of the basket since FH didn't know that one trade had been closed by the broker. The price came back down and my basket closed in profit recovering the funds lost on the SO.I honestly consider that to be a blow up.. I was only pips away from more trades SO and that like level 5 red alert. I was very lucky. Of course I had already made my starting balance back a few times over when that happened so I wasn't too upset expecting a full blow up.

EURUSD	1.08975	GBPUSD	1.29858	AUDUSD	0.6622
USDJPY	152.203	USDCAD	1.38827	USDCHF	0.8617

Posts by Jayman007