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  • #901
  • Nov 5, 2008 11:19am Nov 5, 2008 11:19am
I would also suggest trying to build some logic into the EA that if it attempts to close and is not successful it emails you. Email goes to your phone and then you can call their manual line and request them to close all trades as another back up plan. Hopefully, their order line is available 24/5.
  • #902
  • Nov 5, 2008 11:52am Nov 5, 2008 11:52am
Quoting trader101
I just lost more than 50% of my live account last night. Too bad i dont have a demo with this broker, so i have to review everything candle by candle before i could file a complain. But a review with the parallel broker clearly show this is some manipulation, no explanation yet. First time it happend to me. How could i lose several thousand dollars if i am just trading 0.1 lot on a basket, several attempt made by the EAProtect was ignored by the server. Then there was this suspicious \"No connection\" for several hours. I really dont know until i file a complain and they review what happend. i hope it will favors me(doubtful).
I fell so sorry to hear this .
I hope you get penift of complain ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #903
  • Nov 5, 2008 5:21pm Nov 5, 2008 5:21pm
Quoting trader101
I just lost more than 50% of my live account last night. Too bad i dont have a demo with this broker, so i have to review everything candle by candle before i could file a complain. But a review with the parallel broker clearly show this is some manipulation, no explanation yet. First time it happend to me. How could i lose several thousand dollars if i am just trading 0.1 lot on a basket, several attempt made by the EAProtect was ignored by the server. Then there was this suspicious \"No connection\" for several hours. I really dont know until i file a complain and they review what happend. i hope it will favors me(doubtful).
OMFG! are you kidding me?!! those efin bastrds- I really do hope that you get to the bottom of this, and they should compensate all the losses you've had, hopefully- I REALLY hope you get your dough back man-

I mean.. what's the point having a kick ass theory if you get robbed anyway.. maybe you should go with Oanda and trade manually Julius lol..

to Charvo, you say that Oanda also tries to grab your money? That swiss brokers are better? I heard of many bad news about swiss brokers, how many of them aren't regulated-- I doubt Oanda are money grabbers, I never had a problem with them. Give evidence if you do please because a lot of us have accounts with them-
  • #904
  • Nov 5, 2008 6:56pm Nov 5, 2008 6:56pm
Julius,

Could you tell us which broker hunting your stop loss? Let us get rid of that bucketshop.

Hope you recover from the loss soon


Regards,

Helix
  • #905
  • Nov 6, 2008 3:06am Nov 6, 2008 3:06am
It is really sad, Julius accept my heartfelt sympathy.
They tell us that Forex trades has a daily trading volume of around $1.9trillionand that means 1,898,574 skilled traders could each take $1million out of Forex market every day and Forex would still have more money left than the New York Stock would have daily so why should the brokers hunt we common traders that are making peanuts when compared to the daily volume of Forex trade. It is mean of the brokers.
Any body with an idea of reliable brokers in the house? speak out to save this situation.
sweetjoshan
Sweetjoshan
  • #906
  • Nov 6, 2008 6:30am Nov 6, 2008 6:30am
Which broker?

Please let me know too.. Must be avoided

Quoting ahelix
Julius,

Could you tell us which broker hunting your stop loss? Let us get rid of that bucketshop.

Hope you recover from the loss soon


Regards,

Helix
  • #907
  • Nov 6, 2008 8:37am Nov 6, 2008 8:37am
Hey Julius,

Not sure if you have investigated this before, but I recently started looking at retail ECN brokers for same reason. Some of them have a pretty low margin requirement, but provide you with straight through processing and hopefully less manipulation.

There is a really good thread stickied in the Brokers discussion at FF:

http://www.forexfactory.com/showthread.php?t=7484

also

http://www.forexfactory.com/showthread.php?t=8046

It helped me to understand the benefits and drawbacks of different types of brokers.

Just FYI, If you ever decide to change your broker

Alex
  • #908
  • Nov 6, 2008 9:14am Nov 6, 2008 9:14am
T101, sorry for your loss! You may want to look into getting something coded for the FIX api so that you can traded on an ECN. The majority of ECN's use the FIX api for automated trading, so you can jump from ECN to ECN quite easily.

On another note, can somebody please tell me where I can d/l the orest 1.14 ind? I only see orest 1.11 available for d/l.

Thanks
  • #909
  • Edited 11:10am Nov 6, 2008 10:58am | Edited 11:10am
Sorry Julius.Brokers-another minus in forex trading.
  • #910
  • Nov 6, 2008 12:14pm Nov 6, 2008 12:14pm
Julius,
Sorry to hear this.Hope u come up.

I think we should ignore this broker,are they regulated by any govt body?

We should make a list of bad brokers.

You are the best.
Happy trading all.
  • #911
  • Nov 6, 2008 1:13pm Nov 6, 2008 1:13pm
Thank you guys,
I have already file the necessary complaint with all the attached documents and I am hoping it will be resolve to my favor. If not then, a lesson learn.

Lets just move on and just forget this thing happend. Just be aware this could happend. Lets move to trading again.. Folks

Julius
  • #912
  • Nov 6, 2008 1:55pm Nov 6, 2008 1:55pm
this is propbably a stupid question But I would like to know what is the maximum + or - pips a basket with both buys and sell has reached ?
Inflation in things we need, Deflation in things we want.
  • #913
  • Nov 6, 2008 3:07pm Nov 6, 2008 3:07pm
Hi all,

I am very interested in T101 basket trade (Thanks for Julius and all members of FF), and I am making some PIPS (in my demo account)

I would like to get an EA with following properties.
1. As it is a basket trade, its should consider all currency which is open.
2. It should lock minimum profit of 300pips in total (if the trade reaches total of 500pips)
i.e., it has to come to plus 500 in total to take a locking profit of 300pips.
3. When 500 pips are reached in total, it should consider a trailing stop of 150pips also.
4. If it reach to 600 pips in total, the lock profit should move from 300 to 400, and thus every 100 pips.
5. Off the trade should be 1000pips minus.

If some one thinks it’s a good idea, please support me and let’s make some pips.
Julius, any comments!

Happy pipping.

Shalini
Trading is an art.
  • #914
  • Nov 6, 2008 5:02pm Nov 6, 2008 5:02pm
Quoting trader101
Thank you guys,
I have already file the necessary complaint with all the attached documents and I am hoping it will be resolve to my favor. If not then, a lesson learn.

Lets just move on and just forget this thing happend. Just be aware this could happend. Lets move to trading again.. Folks

Julius

Hi Julius,

no point moving on with this type of brokers.
  • #915
  • Nov 6, 2008 8:37pm Nov 6, 2008 8:37pm
I second this. This is my backup plan - if I loose connection while I am in a trade - I make a phone call to the desk.


Quoting MasterBlaster
I would also suggest trying to build some logic into the EA that if it attempts to close and is not successful it emails you. Email goes to your phone and then you can call their manual line and request them to close all trades as another back up plan. Hopefully, their order line is available 24/5.
  • #916
  • Edited 9:04pm Nov 6, 2008 8:54pm | Edited 9:04pm
Quoting nyapwiltex
T101, sorry for your loss! You may want to look into getting something coded for the FIX api so that you can traded on an ECN. The majority of ECN's use the FIX api for automated trading, so you can jump from ECN to ECN quite easily.

On another note, can somebody please tell me where I can d/l the orest 1.14 ind? I only see orest 1.11 available for d/l.

Thanks
Hi nyap,

Do you know if MBTrading uses it? Please send me a PM. Download Orest v1.14 here:

http://www.forexfactory.com/showthread.php?t=112522

Regards,

George
  • #917
  • Nov 8, 2008 10:07am Nov 8, 2008 10:07am
Quoting comdoc
Hi nyap,

Do you know if MBTrading uses it? Please send me a PM. Download Orest v1.14 here:

http://www.forexfactory.com/showthread.php?t=112522

Regards,

George
Hi George,

Do you use MBtrading?I was wondering how are they.I heard a lot about them and ECN but not a experience.

How is their new platform if you are using them?

Thanks
Mike
Failure, is a wonderful teacher!
  • #918
  • Nov 8, 2008 2:19pm Nov 8, 2008 2:19pm
... GLORY TO GOD FOR GIVING YOU THE INSPIRATION FOR THIS GREAT SYSTEM.

Hello T101 and All,
Men! I must congratulate myself for 3 weeks of reading and learning this great system. I think I learnt more about Forex and currency behaviors in 3 weeks more than 1 year of trainings, webinars and seminars.

First, T101, I must thank you specially for inspiring me again and special thanks goes to all the positive contributors of this great system - Orest, Carl, RR and others.

On a sad note, T101, accept my sympathy for your loss, but I must admit, you are a great leader, even when you lost money (I believed you are robbed), you are not afraid to tell us and you are ready to move on, I bet that's a great lesson.

On a good note, I have made money studying this system, I had my losses though, but I made more than ever before. I trade live on Oanda and FXSolutions because of the nature of my job and I have my weekly IAs running on FXPro and IBFX. So using EAs, Scripts or Indicators created for this system is not for me, maybe as of now, until when I made enough money to quit my day job.

This is how my trading setup goes..
If i'm trading live on Oanda for a particular week, I run daily IA on FXSolutions around 9pm ET and start trade next day 9AM ET and vise versa for Oanda on the next week. I love to trade the 14 pairs straight, its much saver, but I trade the pairs too, during ranging markets. I use Bolinger Band to determine my retracement or reversal on a 1HR/3HRs TFs on Oanda platform.
  • #919
  • Nov 9, 2008 11:49pm Nov 9, 2008 11:49pm
Quoting corvogrigio
Well IMHO i got that USDCAD is acting since many days as an anticorrelated pairs against the majority of basket pairs...when it gains the most of pairs (with alternate exception of eurgbp and usdchf or both of them) lose.

Check 4 this or excel spreadsheet or crodzilla monitor or orest indy...they all will say this.


regards Franco
Hi Franco,

This correlates with my own longterm research. USDCAD and USDCHF tend to move opposite the other 12. I no longer include EURGBP in the GROUP, because it's a wild card. See:

http://www.forexfactory.com/showthread.php?t=116892

Prosperous regards,

George
  • #920
  • Nov 10, 2008 1:01am Nov 10, 2008 1:01am
Quoting markbcool
Still just learning the basket trades.
last night 7:30 PM Ny time it started looking to me like strength was with the buys. I demo tradeds 13 long 1 short 1 lot each took a nap and came back two hours later for 7K profit (the nonIBFX pairs).

If live, I would have traded .10 lots each, but I became concerned abot the wide spreads Oanda has early on Sunday.

I liked a buy opportunity around 3PM today as well. but wasn't ready to commit real dollars to this one....
Hi Mark,

That would be USDCAD and USDCHF. My longterm research does not match the current default pairs. You can use my revised scripts to do that. Here:

http://www.forexfactory.com/showthread.php?t=116892

Best regards,

George
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