CMSFX International Promotion->Live Account Stories and Statements

This Thread is for Posts and Statements about the CMSFX International Promotion where they gave away 500$ through a Promotion which ended 31st of August!

The original thread is located here:
http://www.forexfactory.com/showthread.php?t=42377

Looking forward to sucess stories

Before i Post my Statement here i first want to write about the Pro`s and Con`s which CMS Int. imho has with their live accounts...its no way a complete list but i will add everything which comes to my mind in the following days...


PRO:

-their Platform is REALLY great..i use MT4 for charting and only do Buy and Sell orders with their platform..but if i had a desktop (and not my notebook) for Trading i would use theirs completely.

-Customer Service responded very fast (only while the last week of their promotion i had to wait longer beause of their big backlog i assume)

-Emergency Dealing Desk worked smoothless until now ..only on one occasion where theirservers were down for about 10hrs even their Desk could not change my Orders..BUT they without any problem refunded my money from the loss and credited the profit which i have had if my order could have been changed)


- I use the MT4 from Northfinance for charting and see that the CMS price often lags behind 1-2seconds..so at least i can give my close orders 1sec before the price changes in CMS platform This way i could minimize the 10-15pip cuts from my profits because of the order speed to nearly 5pips lol

CON:

-I get disconnected about 2 times a day..not everyday..but often..its not really a problem but annoying..

-Order execution sometimes takes 10seconds which es far too long !!
( I know that there are many factors involved especially the quality of connection BUT i know my stuff and my connection is 100% while i am trading
so i am absolutely sure its becuase their servers are in Bermuda or NY ..maybe european and asian servers will be added anytime soon ..if no they will loose customers to competiition for sure..)

- Same as above...closing of orders sometimes kills 10-15pips of my Profits because its soooo SLOW (Most of those happen with G/J and other fast moving and volatile pairs..which eur/usd these problems should not occur besides news time when every broker sucks )


I welcome critics and additions !

Kind Regards

Here my Statements for now :

The only thing which i do not get is why in total P/L column there is only 51,77..but maybe somebody can shed light on this

My total Balance in this moment is 585 Euro/796 USdollar with 17,3 Lots allready traded...which is really a shame lol because i allready achieved 950euro..but then i became overconfident (ya know calculating where i will be in 20weeks if i continue in this pace )and u see the market is making u humble in a blink of an eye

i will update in this thread on my balance every week or so..but i will NOT post any trades as u can see i trade far too often to post them..also i STRONGLY want everyone to know that in an normal account with my own money i would never risk more than 2% of my equity and also would take far fewer trades..

I think this promotion is a good thing but please everyone should be aware that this kind of trading can change your own psychology in a wrong way..as soon as my account grows that much that i can take 2% risk trades i will also beginn to trade only my high probability setups..

Also i want everyone to know that i consider myself only an advanced noob..i registered here in February 2007 and since then i am trading nearly every day..but there is still so much more to learn i wish everyone good luck and great trades on their journeys!

Good Going..Keep it updated..Im also in CMSFX with 500 account

Trade # 1
Balance: $500
Lots till 30: 29.5

UJ: Short
Lots: 0.5
Price: 115.78

Exit Price: 115.66
P/L: 44.89
Closing Balance: 544.89

Trade # 2

Balance: $544.89
Lots till 30: 29.0

Current Trade
GU: Short
Lots: 0.5
Price: 2.0154

Exit Price: edited on exit
P/L: edited on exit
Closing Balance: edited on exit

Trade # 2

Balance: $544.89
Lots till 30: 29.0

Current Trade
GU: Short
Lots: 0.5
Price: 2.0154

Exit Price: 2.0144
P/L: $50
Closing Balance: $594.89

Trade # 3

Balance: $594.89
Lots till 30: 28.5

Current Trade
UC: Long
Lots: 0.5
Price: 1.2126

Exit Price: edited on exit
P/L: edited on exit
Closing Balance: edited on exit

Trade # 3

Balance: $594.89
Lots till 30: 28.5

Current Trade
UC: Long
Lots: 0.5
Price: 1.2126

Exit Price: 1.2137
P/L: $53.52
Closing Balance: $648.41

keep up the good work guys...i have yet to submit the form for my live account but very soon i will...

Trade # 4

Balance: $648.41
Lots till 30: 28.0

Current Trade
UY: Long
Lots: 0.5
Price: 11.6.40

Exit Price: edited on exit
P/L: edited on exit
Closing Balance: edited on exit

Trade # 4

Balance: $648.41
Lots till 30: 28.0

Current Trade
UY: Long
Lots: 0.5
Price: 116.40

Exit Price: 116.45
P/L: 21.46
Closing Balance: 676.08

Why does no one post there trades?

Is there any other broker offering any free real money.....i am a bit late on this one....

Maybe too embarrassed?


You're doing great, 1618. Rock on!

tx Opie999, hope the lucky streak will continue, but I heard the saying ...the more you practice, the luckier you get ... and there is no need for embarracement if that was the case, I'm only scalping 10pips at a time, not much of an art. I supose others will also start posting shortly.

Trade # 5
Balance: $676.08
Lots till 30: 27.5

Current Trade
EU: Long
Lots: 0.5
Price: 1.3653

Exit Price: 1.3663
P/L: $50
Closing Balance: $726.08

it is not fair, fx1618. you should wait us because our accounts are not opened yet

i will but every week... keep posting your trade bro

Don't worry, we all will have a virtual party after this, drinking beers and eating pizza over at Bemac's, Bull&Bear. I promise that if things keep up for me, I'll buy the first round of shooters

Hi i have just receive my $500 this week but i have made 10 trades (mini lots) and my account balance is $380. The problem is that i only trade on daily charts and i tried to implement my strategy on 30 min without good results. So i was wondering what strategies are you using because im new in all these intraday stuff. Thank you

Trade # 6-8

Balance: $851.08
Lots till 30: 26

Okay, I think I might return to my normal style of trading, that is trend following on the bigger TF, as this Scalping is not for me... It is not good for the heart.