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4X-DAT

  • #61
  • Oct 6, 2014 4:19am Oct 6, 2014 4:19am
Quoting Sunny7day
Hi, I am interested in this software but i have 2 questions: Which broker does this software work with? How fast does this software can grow my account? How long does it takes to double my account balance? How much does the software cost? Thanks
Hi Sunny7day

The software currently works with MB Trading (but most people have changed to) ...FXCM - I think that's the only 2 brokerages available.
The software can grow your account at a pretty good rate. I opened my account with FXCM in Australia on 18 Sept 2014 and its already 3.87% ahead. Note that past performance is no indication of future profits. No one can tell you how long until you double your balance, or if you will ever double your balance.

I see you joined FF in Mar this year, so you probably need to do some more due diligence on foreign currency trading.

The software license cost varies, depending on which package you choose, I cant quite remember the exact cost but they are around $ 250 for a monthly license to a once off 20 year license for $6500 (providing you are an affiliate of Global Tech.) otherwise the cost is higher. Becoming an affiliate is the key. PM me or any of the other contributors and they can sign you up.
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Respect the inescapable certainity of Math
  • #62
  • Oct 6, 2014 11:06am Oct 6, 2014 11:06am
Quoting OldTruck
{quote}..... When I finally got my first Global Close I explained to support that I wanted out of DAT 5 ASAP and I think I told them about the long wait for Global close and still being in the red after the Global but they only commented on the procedure for changing DATs at the next Global. If they went in and tuned up my DAT I am not aware of it. Now I'm waiting for my next Global so the stop trade command will be invoked and it can switch to Hybrid DAT 5.
OT,

Open up your Harvester, left click once on the very top Harvester in the list of Harvesters at the bottom, and then see what Strategy is listed in the Note: box. I circled what you're looking for in the pic below. If it says Strategy 5, support hasn't updated it to the New Hybrid. If they have, you'll see the date they updated it and it should read "Hybrid" or "Strategy 8" (which is the renamed DAT 5 + Hybrid). Also, when you first opened the account, do you recall what risk level you told them to attach? Mine is "moderate", which you can see in the picture below. I'm curious if your account is running a "conservative" which may be the reason for lower activity in your account.

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Reference getting your account into MyFxBook, FXCM trades the 4X-DAT through their Trading Station platform and not through MT4 as I was accustomed to. I'm wondering if MBTrading has the same kind of setup. It might be worth a call or email to MBTrading to see if they also trade the DAT through a different server. If they are, then support at MyFxBook should be able to direct you to the proper selection below:

Attached Image


Z
  • #63
  • Oct 6, 2014 6:43pm Oct 6, 2014 6:43pm
Here is what it says in my Harvester window when I click on the top line like you directed:

Apr.2, 2014, $10,000. (Moderate)
  • #64
  • Oct 6, 2014 7:36pm Oct 6, 2014 7:36pm
Quoting OldTruck
Here is what it says in my Harvester window when I click on the top line like you directed: Apr.2, 2014, $10,000. (Moderate)
OT,

I'd fire off an email to support@4X-DAT and ask them to make sure to load Strategy 8 at the next Global Close. Perhaps you've already done this, but by what you've sent above, there's no way to determine exactly which Strategy was loaded onto your account. It almost sounds like you may be trading one of the others. (I'm assuming you wanted DAT 5 as you mentioned in Post #56)

Are you able to post screen shots? I use ScreenHunter (free) and it would be helpful to see your Broker, Open Deals and Closed Deals windows. Maybe we can all see something from those.

Z
  • #65
  • Oct 7, 2014 2:23am Oct 7, 2014 2:23am
I can create screen shots I'm just not certain what shots you are requesting.

I tried to set up MyFxBook by selecting MT4 Publisher. That allowed me to pick a broker. I just realized that won't ever connect because I have not selected MT4 on MB trading as a platform. I guess that cannot happen because from what I was told not to select MT4 when setting up MB Trading because that would clash with the DAT. When I first set up I did request DAT 5. I still have the emails.

Looks like I am in limbo with both the DAT and MyFxBook. Still going to play with MyFxBook.
  • #66
  • Oct 7, 2014 2:51am Oct 7, 2014 2:51am
This is Scam guys beware. Stupid hedging system pretend like advanced algorithm.

Learn to trade guys.
  • #67
  • Oct 8, 2014 11:06am Oct 8, 2014 11:06am
Just a heads up. I have dat# 5 and it took 5 months for 1 sequence to close. The dat shows + $ 170 profit. Mb trading shows - $400 on my account. We were charged premiums for the trades. I wonder what fxcm charges?
  • #68
  • Oct 8, 2014 12:49pm Oct 8, 2014 12:49pm
Quoting OldTruck
Its nice that so many people have done so well. My DAT 5 started trading last April 3rd. On Sept 18th there are 15 lines that say global close. Good news I guess except that I was still $300 in the red from where my account started. That is frustrating. Five months and still no profit. Grrr. The up side is that after a draw down to almost 50% of my account it recovered most of what was originally lost.
OT-

At the point where the Open Deals window was showing your 50% draw down do you recall what the Closed Deals window was displaying? I've found that when I check the Toolbar "Open Deals: XX $XXX.XX" it can throw you a curve ball because that value is not representative of the actual draw down. One has to subtract the current sequence's Closed Deals from that to get the actual draw down.

On your Broker menu did the Avl. Equity or Cash ($) windows actually show 50% of your account size?

If you like, post a screen shot of your current Closed Deals after you: 1. Update the Closed Deals to ensure all are posted on screen, 2. Left click the first line (Harvester) above the last Global Close...scroll to the top of the list and left click that Harvester while holding down the shift key, 3. Then post a screen shot which will show Total Closed Deals since your account was opened AND the Closed Deals since the last Global. Include a screen shot of your Open Deals window and we'll go from there.

You may be aware of all the above so apologies if I'm being too detailed.

My experience is that the draw down our eyes see in the Open Deals windows is far greater than reality because if the current sequence of trades was closed (CAD All Deals) then the profit from the Closed Deals would be subtracted from any negative Open Deals balance and this represents ones actual, real, draw down. MyFxBook draw down has been very reasonable to date.

Offroader in Post #67 raises a good point in that while the GBPJPY is range bound, it will take the software lots of time to work out of it.

Z
  • #69
  • Oct 8, 2014 12:54pm Oct 8, 2014 12:54pm
Quoting Offroader
Just a heads up. I have dat# 5 and it took 5 months for 1 sequence to close. The dat shows + $ 170 profit. Mb trading shows - $400 on my account. We were charged premiums for the trades. I wonder what fxcm charges?
The deposit disparity really seems bizarre. To date, FXCM has deposited to my account every amount that the software has indicated at the Global Close. Maybe that's why a lot of traders are leaving MBTrading.

Z
  • #70
  • Oct 8, 2014 4:31pm Oct 8, 2014 4:31pm
I closed my mb trading account today after going through all the trades and premium charges. Just have to live with the loss. Will have to decide on putting some of it into fxcm account. I do have a personal account that i trade myself at fxcm. It used to be fxdd. I hope not to many other affiliates have to suffer like i did.
  • #71
  • Oct 9, 2014 2:13am Oct 9, 2014 2:13am
My 4X-DAT has been operating for 3 weeks now. Here is todays' analysis. Not bad for a set and forget system

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Respect the inescapable certainity of Math
  • #72
  • Oct 9, 2014 9:01pm Oct 9, 2014 9:01pm
Quoting Zoopots
{quote} OT- At the point where the Open Deals window was showing your 50% draw down do you recall what the Closed Deals window was displaying? I've found that when I check the Toolbar "Open Deals: XX $XXX.XX" it can throw you a curve ball because that value is not representative of the actual draw down. One has to subtract the current sequence's Closed Deals from that to get the actual draw down. On your Broker menu did the Avl. Equity or Cash ($) windows actually show 50% of your account size? If you like, post a screen shot of your current Closed...
Zoopots,

The draw down I referred to was the "Cash $" value of around $5200 that was displayed in the Broker Window which was also very close to what was shown in the MB Trading account window.

I have attached an Excel file that is a dump of every trade made from 2/April till today. If you know how the Excel demo spread sheets were created you will be able to track the balance from that. I my former Excel skills have become rusty and I can't figure out how the demo spread sheets for the other DATS were created. I can't find any formulas in them. If you know, tell me, and I'll post the result here. Alternatively which platform should I pick when connecting the MB account to MyFxBook? The support people at MB don't seem to know.
Attached File(s)
File Type: txt As of October 9 2014.txt   23 KB | 360 downloads


The draw down is what
  • #73
  • Oct 10, 2014 12:56am Oct 10, 2014 12:56am
Quoting OldTruck
{quote} Zoopots, Alternatively which platform should I pick when connecting the MB account to MyFxBook? The support people at MB don't seem to know.{file} The draw down is what
I just tried connecting MyFxBook to an old, active FXDD account that was rolled over to FXCM and it worked. So try this:

Log in to MyFxBook. Under Portfolio select "Add Account". Click on "Add Account" bottom right of screen. From the dropdown menu select "MetaTrader 4 Publisher". Select "MB Trading" for broker. Name the account and then enter the appropriate data in the menus. Select "Public" in the Permissions box and click the data that you want people to see since it's public. Then click "Save". This will generate a MyFxBook account to track your MBTrading MT4 live account that's being traded by the DAT. On MyFxBook click your user name in upper right corner and then click on "Settings". From this screen you will see a "+" symbol over on the left (just below and left of the word "Portfolio"), click on the "+" to expand the menu. You will see the account you just opened and MyFxBook will assign an account number to it...note this number as you will need it to program MT4 to send data to MyFxBook.

Now go to MT4, click "Tools", then click "FTP". For FTP server enter "ftp.myfxbook.com:21", leave FTP path blank, for FTP login: enter the account number MyFxBook generated for you that I mentioned above; Then enter your MyFxBook password; click (select) Passive mode; make sure there's a check mark in "Enable automatic publishing of reports via FTP"; enter your MBTrading MT4 account # in "Account". Then click "Test" and open your MT4 Journal to see if the Publisher started and is running (pic below). If it is, then your account information will be sent to MyFxBook every 5 minutes.

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I don't believe this will load all of your past trades. It will simply start tracking, plotting and logging trades from the opening of the account with MyFxBook. However, you will be able to see everything as weeks and months go by and post screen shots. I do not believe this interferes with the DAT software as it is simply sending all trades on the account to MyFxBook. However, watch it closely the first week or so to make sure.

Hope this helps,

Zoopots
  • #74
  • Oct 10, 2014 3:30am Oct 10, 2014 3:30am
Zoopots,

Here is the thing. I could have done that when I originally tried to publish on MyFxBook BUT I was told when setting up my MBTrading account that I should NOT pick MT4 as my trading trading platform because it conflicts with 4X-DAT. Now that the account is running I am very reluctant to risk screwing it up. It's not running that well as it is. Trust me I am more than frustrated at this point. I hear about Globals nearly every week and I sit and wait for months to get one.

I put in a support ticket at MBTrading almost 24 hours ago asking if they knew how to do this safely. It isn't easy to be at the bleeding edge of any technology.
  • #75
  • Oct 10, 2014 10:37am Oct 10, 2014 10:37am
Quoting OldTruck
Zoopots, Here is the thing. I could have done that when I originally tried to publish on MyFxBook BUT I was told when setting up my MBTrading account that I should NOT pick MT4 as my trading trading platform because it conflicts with 4X-DAT. Now that the account is running I am very reluctant to risk screwing it up. It's not running that well as it is. Trust me I am more than frustrated at this point. I hear about Globals nearly every week and I sit and wait for months to get one. I put in a support ticket at MBTrading almost 24 hours ago asking...

OT,

I see. Do you know what trading platform MBTrading is using to run the DAT? I know at FXCM one must use Trading Station (their platform of preference) to link to the DAT servers. I'm curious what the relationship is at MBTrading. Perhaps Craig Harris can address this as he used to be with MBTrading as well. He's at: gotocraig on Skype or [email protected]. He often has his finger on the pulse of some of these issues.

Z
  • #76
  • Oct 10, 2014 1:34pm Oct 10, 2014 1:34pm
Quoting Zoopots
{quote} OT, I see. Do you know what trading platform MBTrading is using to run the DAT? I know at FXCM one must use Trading Station (their platform of preference) to link to the DAT servers. I'm curious what the relationship is at MBTrading. Perhaps Craig Harris can address this as he used to be with MBTrading as well. He's at: gotocraig on Skype or [email protected]. He often has his finger on the pulse of some of these issues. Z
I have contacted Craig. I asked who the MyFxBook connection expert was. That is when he told me virtually everyone is moving to FXCM and he would help me set up as soon as I got there. I don't think he had his MBTrading account connected to MyFxBook. Right now my trading life is waiting for a Global and based on history that takes months. If I actually get some help from MBTrading I will let you know what they say.
  • #77
  • Oct 13, 2014 4:49am Oct 13, 2014 4:49am
http://www.myfxbook.com/members/alex...currie/1043754

Hi Guys
the above link is my live 4X-DAT account. My problem is it updates for a few days then it stops updating!

The only way I have been able to update it is to delete the account and then add it again. Anyone have any idea's how to sort this problem?

Alex
  • #78
  • Oct 13, 2014 5:30am Oct 13, 2014 5:30am
Quoting alex4x-dat
http://www.myfxbook.com/members/alex...currie/1043754 Hi Guys the above link is my live 4X-DAT account. My problem is it updates for a few days then it stops updating! The only way I have been able to update it is to delete the account and then add it again. Anyone have any idea's how to sort this problem? Alex
Hi Alex

Zoopots would be the best to answer your question, but if you want to try something in the meantime look at post 73 and try to adapt it to you situation.

Your DAT is doing very well.
Respect the inescapable certainity of Math
  • #79
  • Oct 14, 2014 12:52am Oct 14, 2014 12:52am
Quoting alex4x-dat
Hi Guys the above link is my live 4X-DAT account. My problem is it updates for a few days then it stops updating! The only way I have been able to update it is to delete the account and then add it again. Anyone have any idea's how to sort this problem? Alex
Great return on your DAT Alex!

Since you're with FXCM, what I have had to do is log in to MyFxBook, go to Portfolio, select Add Account, on that menu select Add Account on the lower right, once you select Trading Station a drop down window prompting you to Save File for TradingStationPublisher.msi will appear, save this file and then Run it. Once you have TSPublisher on your computer you should add your FXCM account to it, make sure "Publish" has a check mark and then click on "Start" in the lower left corner. You will then see the TSPublisher cycle from "connecting" to "sending data to MyFxBook" to "Publish complete" right below the "Start" button. The Publisher is now permanently on your computer (unless you uninstall it).

What this is actually doing is updating all the trade information from your FXCM account and sending it to MyFxBook to be displayed. Sometimes it takes a few minutes to travel the cyberwaves, but it eventually gets there.

You should not be logged in on MyFxBook during the update. Once you login, the data should be current. Before each view of MyFxBook, just do the TSPublisher update and it should be current. Trading Station data is not automatically sent to MyFxBook...we must use the Publisher.

Here's my TSPublisher window for reference:

Attached Image


Email address and account #s removed for security. The Help button lower right contains good information on exactly what to enter where.

Zoopots
  • #80
  • Oct 14, 2014 12:55am Oct 14, 2014 12:55am
Quoting alex4x-dat
Alex
For the thread readers, if you're comfortable telling us, what Strategy and risk level are you using Alex?

Z
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