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What IF you have a Holygrail Automated System?

  • #41
  • Jul 26, 2014 8:19am Jul 26, 2014 8:19am
I just gazed at the next week calendar and amazed that we have NFP, US GDP,FOMC and much heavy weight data to add volatility to move markets (ofcourse Gold)
Scoobi doobi doo
  • #42
  • Jul 27, 2014 3:47am Jul 27, 2014 3:47am
Quoting Scoobidoobi
Folks, Started with Pepperstone Edge ECN A/c on just on one pair XAU USD(Gold) (they don't charge commission for the pair) from 07/25 with a pretty small a/c to test the waters on how long it can go & sustain profitability : http://www.myfxbook.com/members/supe...-xauusd/982583 Cheers, Scoobi
PEPPERSTONE has just slipped a market order by 200 (i.e. TWO HUNDRED) PIPS! Seriously. It was a devastating loss.

The 200 pips spike had never even showed up on their charts.

Pepperstone's official response: "This price was a lower tier offered by liquidity providers and as such is not represented on the chart - only top levels of liquidity is displayed."

How convenient...
  • #43
  • Jul 27, 2014 6:15am Jul 27, 2014 6:15am
Its getting me scared MasterGuru on pepperstone slippage , slippage they do on Gold too is it?
Scoobi doobi doo
  • #44
  • Jul 27, 2014 6:37am Jul 27, 2014 6:37am
What IF you have Holygrail Automated System?

Then i`m the next billionaire

1. Why do you think the system you possess is Holygrail?

100-200% /month is a good benchmark

2. Well which pairs does it trade?

All of the majors, of course, to qualify its reliability

3. Interesting...,is it technical or fundamental system?

Hybrid, you must find a common ground to integrate both analysis into the system

4. Do you want to sell your system or give it for free?

No but i could set up a managed account service, and other guys could also benefit from that performance and charge them a fee.

5. What's your next step, do you want to set the world by fire and start a live account(portrayed with FF Explorer/Myfxbook) showing your consistency?

Not at first, but maybe later on

6. What the heck, do you fear anything else?

 

  1. I fear that the broker guesses my system from my trade history and sells it to other guys.
  2. I fear that if the broker sees my extreme performance he finds a fishy scheme to undo my trades and close my account, or to not pay me like and run with the money as some chop shop brokers usually do.
  3. I fear that even a regulated broker could do this if i make too much money.
  4. I fear that someone hacks my PC and steals the system

7. If you gotta worry just on retail forex broker, why don't you move ahead with institutional brokers?

 

  1. After i make enough money with it i definitely switch to an institutional broker, or maybe a direct exchange

8. Do you want to prove your mettle or gratify your ego by participating in forex championship and top the board?

 

  1. I could but i fear that if someone sees my performance he hacks my PC and steals my system, so i better stay offline with it

"There's a sucker born every minute" - P.T. Barnum
  • #45
  • Jul 27, 2014 8:46am Jul 27, 2014 8:46am
Quoting FxMasterGuru
{quote} PEPPERSTONE has just slipped a market order by 200 (i.e. TWO HUNDRED) PIPS! Seriously. It was a devastating loss. The 200 pips spike had never even showed up on their charts. Pepperstone's official response: "This price was a lower tier offered by liquidity providers and as such is not represented on the chart - only top levels of liquidity is displayed." How convenient...

What was your account size where pepperstone caused this massive 200pip slippage??
Scoobi doobi doo
  • #46
  • Jul 27, 2014 2:05pm Jul 27, 2014 2:05pm
Quoting Scoobidoobi
{quote} What was your account size where pepperstone caused this massive 200pip slippage??
It was an 8.9 lot order. So you can imagine the loss this slippage (which was actually 200+ pips) has caused.

There were other accounts running the same strategy at the same time with similar lots sizes and those accounts saw very minimal slippages, so this 200+ pips slippage was just beyond suspicious.

I don't trade Gold, so I cannot tell what kind of "invisible" slippages they do on Gold, but apparently THEY CAN DO WHATEVER THEY WANT AND THEY CAN GET AWAY WITH IT, simply by referring to "lower tier liquidity providers"... In other words: clients can be robbed legally and at will.
  • #47
  • Jul 27, 2014 4:02pm Jul 27, 2014 4:02pm
Hi Scoobi. I'd like to give it a try if you allow. I'm with FxPig ECN. 20k live account. Thank you.
  • #48
  • Jul 27, 2014 8:08pm Jul 27, 2014 8:08pm
Quoting FxMasterGuru
{quote} It was an 8.9 lot order. So you can imagine the loss this slippage (which was actually 200+ pips) has caused. There were other accounts running the same strategy at the same time with similar lots sizes and those accounts saw very minimal slippages, so this 200+ pips slippage was just beyond suspicious. I don't trade Gold, so I cannot tell what kind of "invisible" slippages they do on Gold, but apparently THEY CAN DO WHATEVER THEY WANT AND THEY CAN GET AWAY WITH IT, simply by referring to "lower tier liquidity providers"... In other words:...

It's alarming is an understatement, however its pretty common though if you are around in Fx world for long..

Did you send them screenshots sighting other accounts at the same time exhibiting minimum slippages,mention them orderId and what not, if they are not co-coordinating to revert back the trade & re-instate your funds mention you would write to ASIC with all the proofs at your disposal since they are regulated firm under them. Hope for the best!
Scoobi doobi doo
  • #49
  • Jul 28, 2014 12:22am Jul 28, 2014 12:22am
Understatement indeed.

I think the regulators need involving.
  • #50
  • Edited 7:57pm May 18, 2015 7:40pm | Edited 7:57pm
Here we go , would be launching this EA with a trade explorer "Best EA for all seasons" attached to it from today Asian Session now 5/19 and would be available for view till 8/15 as am participating in EA contest with this account and broker would automatically close the account on 8/15 to declare winners!

Some of the Rules that so called holygrail EA Will follow to achieve about profits + in next 3 months :

Trade account size : 250 usd

Trade lot size fixed : 0.01 lot

Trade pairs(12) : EUR AUD, EUR NZD, EUR JPY, EUR CHF, EUR CAD
GBP AUD, GBP NZD, GBP JPY, GBP CHF , GBP CAD
XAU USD, XAU EUR

Martingale/Hedging : No

Trade lot scaling : 0.01 lot per 250 usd , lots would be changed to 0.02 lot automatically by the EA if in case the account gets doubled before 8/15

Poll ( attached to the thread) : Good/Bad EA? would leave the audience to judge if its any worth or another crap in next 3months

Many folks wrote to me on my trading system if it can survive any market and all that, its now put under test on a live money with above 12 pairs to trade 24 x 5 for next 3 months..

Go Go on an Adventure Scoobi Doobi Doo Doo

Cheers
Scoobi doobi doo
  • #51
  • Last Post: May 25, 2015 2:52am May 25, 2015 2:52am
Quoting Scoobidoobi
Here we go , would be launching this EA with a trade explorer "Best EA for all seasons" attached to it from today Asian Session now 5/19 and would be available for view till 8/15 as am participating in EA contest with this account and broker would automatically close the account on 8/15 to declare winners! Some of the Rules that so called holygrail EA Will follow to achieve about profits + in next 3 months : Trade account size : 250 usd Trade lot size fixed : 0.01 lot Trade pairs(12) : EUR AUD, EUR NZD, EUR JPY, EUR CHF, EUR CAD GBP AUD,...
Trade explorer attached to the thread and scaling enabled instead of fixed lots and trades setup on more pairs aswell
Scoobi doobi doo
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