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4X-DAT

  • #81
  • Oct 14, 2014 3:43am Oct 14, 2014 3:43am
Hi Zoopots
Thanks for explaining how to use the Trading Station Publisher...great!

In the note box of the harvester all it says is -Aug. 20, 2014. $8,234. New Hybrid Strategy.

I know in the Craig Harris one, it said moderate for the risk.

Alex
  • #82
  • Oct 14, 2014 5:15am Oct 14, 2014 5:15am
My DAT has just disconnected from the Broker. Is this normal?
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Respect the inescapable certainity of Math
  • #83
  • Oct 14, 2014 5:46am Oct 14, 2014 5:46am
Hi Agent Orange

No it's not normal, never happened to me....but the 4x-dat should still be working on FXCM server I would have thought!



Alex
  • #84
  • Oct 14, 2014 6:19am Oct 14, 2014 6:19am
Hi Agent Orange

FXCM are working on it..it is system wide!

Alex
  • #85
  • Oct 14, 2014 4:19pm Oct 14, 2014 4:19pm
Guys be super careful with DAT. Check out the Craig Harris DAT..Huge drawdown now. Very likely to get margin call. Only hope is that GB/Y goes up. Pure Gambling.
Seems like Craig has become a marketeer reaping in big Commisions on DAT. As I said before DAT will blow up accounts its just a matter of time. Of course they will come up with some excuse.

You have to have a edge with the trades you take otherwise you will lose long term. Dont believe in all this trade recovery BS. It can not work long term You can not have a disadvantage in the trades you take and hope to make it up with a Trade Recovery plan. Absolute bollocks.. This has been tried hunderts of times and has never worked. In my view its mathematically impossible..

Dont believe in all this Hype. This Guys are trying to sell you a holly grail which never losses. Simply not possible and does not exist unless you have unlimited bank.

Learn to trade the right way with proper risk management and a stop loss. Risking margin calls to make 1 or 2 percentage does not look a good investment to me.

Sorry about my bad English. I am Swiss.
.

Good trading
  • #86
  • Oct 14, 2014 8:22pm Oct 14, 2014 8:22pm
Quoting Sportspunter
Guys be super careful with DAT. Check out the Craig Harris DAT..Huge drawdown now. Very likely to get margin call. Only hope is that GB/Y goes up. Pure Gambling. Seems like Craig has become a marketeer reaping in big Commisions on DAT. As I said before DAT will blow up accounts its just a matter of time. Of course they will come up with some excuse. You have to have a edge with the trades you take otherwise you will lose long term. Dont believe in all this trade recovery BS. It can not work long term You can not have a disadvantage in the trades...
Hi Sportspunter

Nothing wrong with your English. You got you message across very clearly. I'm just about to go on Craig Harris webinar re his DAT and see what his drawdown is, and if there are any excuses. I will report back once Ive finished watching

Cheers
Respect the inescapable certainity of Math
  • #87
  • Oct 14, 2014 10:25pm Oct 14, 2014 10:25pm
Quoting Agent Orange
{quote} Hi Sportspunter Nothing wrong with your English. You got you message across very clearly. I'm just about to go on Craig Harris webinar re his DAT and see what his drawdown is, and if there are any excuses. I will report back once Ive finished watching Cheers
Just finished watching Craig Harris webinar where he discusses his DAT and issues arising form it. He is currently in a 49% drawdown, but is comfortable with his position. Craig is confident the DAT will work its magic and eventually have a Global close. Craigs DAT has been in this position before.... I recall watching one of his webinars where he had to wait 42 days (102 trades) before he had a global close. Craigs setting are much higher than mine - I dont know whether this is significant or not....but his profit target is twice mine. My DAT looks for 1% profit , his is closer to 2%.
Overall I am still comfortable with my purchase as Im looking for more long term growth with this product. My hobby trading is done thru my Gold Live trading account. The DAT is more retirement planning. If it performs OK in a year, I will invest serious money into it.
Respect the inescapable certainity of Math
  • #88
  • Oct 15, 2014 4:43am Oct 15, 2014 4:43am
49% drawdown and looking for a 2% profit. Why do people throw money at this crap.
Sow the seeds of knowledge, and watch them grow into success.
  • #89
  • Oct 15, 2014 9:56am Oct 15, 2014 9:56am
Hi
Just joined the forexfactory to ask other 4X- DAT users who are traders as well about their recent experiences with the software as I personally cannot believe every move down on G/J wipes up my account and overall success depends (in current sequence) on the upward move. It is in my opinion pure gamble and big question mark in the whole strategy as in my opinion DD around 40% in such a short space of time are unacceptable.
  • #90
  • Oct 15, 2014 9:14pm Oct 15, 2014 9:14pm
Quoting krisMtrader
Hi Just joined the forexfactory to ask other 4X- DAT users who are traders as well about their recent experiences with the software as I personally cannot believe every move down on G/J wipes up my account and overall success depends (in current sequence) on the upward move. It is in my opinion pure gamble and big question mark in the whole strategy as in my opinion DD around 40% in such a short space of time are unacceptable.
Got to agree with you there. The drawdown on some accounts is unbelievable. I just had a look at Craig s account DD upto 84%,and this is meant to be a moderate risk account????
Respect the inescapable certainity of Math
  • #91
  • Oct 16, 2014 5:01am Oct 16, 2014 5:01am
Hi

First question; Can I close all my trades personally by using Close All Deals button in open deals section of my DAT?

Second question: If I close all trades manually (CAD) is it going to stop DAT from starting new sequence of tradnig?

I do not understand why there is such a big difference between buy and sell orders and every move down on G/J wipes down my account. I did ask this question on yesterday webinar with Mr Nemeth but it was ignored so possibly someone knows the answers.
  • #92
  • Oct 16, 2014 1:38pm Oct 16, 2014 1:38pm
Quoting krisMtrader
Hi First question; Can I close all my trades personally by using Close All Deals button in open deals section of my DAT? Second question: If I close all trades manually (CAD) is it going to stop DAT from starting new sequence of tradnig? I do not understand why there is such a big difference between buy and sell orders and every move down on G/J wipes down my account. I did ask this question on yesterday webinar with Mr Nemeth but it was ignored so possibly someone knows the answers.
Kris,

Yes, you can Close All Deals using the CAD button you referenced.

If you CAD the sequence of trades, it will not stop the DAT from beginning a new sequence. It is my understanding that we can contact support to have them program the software to stop all trading after the next Global Close. Don't quote me on this, but I believe that option is to be programmed into the Harvester for customer selection in the future.

What I have gleaned from the tutorials, webinars and interaction with others is this: The software uses a Daily Heiken-ashi candle, 20 EMA and lower time frame Renko bars (plus other proprietary indicators) to trade price action. Originally DAT5 was programmed to take advantage of trending markets. Generally, it does well in these cases. But in 2014, many pairs were range bound and due to a lack of Global Closes (I've seen some take 4-5 months) Nemeth adjusted the algorithm to try to capture smaller moves within the consolidation (DAT8). So we may see a short bias in the sequence until the widgets in the software see price action reverse and then builds Harvesters to the long side. Guess what, that means all the shorts are negative until the software trades your account out of the draw down.

Many of us started with smaller accounts to determine our faith in the DAT. I've had six Global Closes in mine...so far so good. Currently, I'm in a sequence that's been running since 22 Sept 2014. I've seen my current sequence go from heavy long bias to short and back again. During that time, the software has traded 385 positions for a profit of $1300. However, the aggregate status of the sequence is underwater. The current bias is 3 to 1 long. We'll see how it fares.

Reference the webinars, I've watched several and I will say that Bobbie seems to be more interested in making sure Nemeth is "happy" than she is in forwarding questions to him from the audience. It's quite frustrating.
  • #93
  • Oct 16, 2014 9:04pm Oct 16, 2014 9:04pm
This account began trading 6 Oct 2014, 4X-DAT8, Moderate.

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This is the draw down associated with the above equity growth:

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  • #94
  • Oct 17, 2014 3:44am Oct 17, 2014 3:44am
Quoting Zoopots
This account began trading 6 Oct 2014, 4X-DAT8, Moderate. {image} This is the draw down associated with the above equity growth: {image}
Speaking of drawdowns.....Have a look at Craigs account, I think he must have been margin-ed called . Hes had to add funds
Respect the inescapable certainity of Math
  • #95
  • Oct 17, 2014 4:12am Oct 17, 2014 4:12am
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Tomorrow is the end of my first month of trading using 4X-DAT........so far so good
Respect the inescapable certainity of Math
  • #96
  • Oct 17, 2014 2:57pm Oct 17, 2014 2:57pm
Always nice to end the week with another Global Close (four since 6 Oct).

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Profit Target is $500 USD.
  • #97
  • Oct 18, 2014 2:13am Oct 18, 2014 2:13am
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  • #98
  • Oct 19, 2014 10:09am Oct 19, 2014 10:09am
Quoting Agent Orange
{quote} Speaking of drawdowns.....Have a look at Craigs account, I think he must have been margin-ed called . Hes had to add funds
Hi Agent Orange and All

Where can I see his account?

Why is he so deep in trouble.I get the idea behind the reovery channel but how has it got that bad for him so quickly is he very aggressive or is it a bad DAT or what.

PS-Not a expert with this but following along to see how the thread is going.

All the best and thanks for your time

Rooi
We miss 100% of the shots we don't take
  • #99
  • Oct 19, 2014 1:08pm Oct 19, 2014 1:08pm
evening all, I got lead to this post after watching the fx-dat system on YouTube. I think the whole system is based on increasing your lot size after a lose to make up for that lose. Eventually a pair you are trading will go into a tight range, causing you to increase beyond your margin. I think the only way you could win in the long term would be to run the system until you made a large profit and then withdraw your money, and never use the system again. IMHO :nerd:
  • #100
  • Oct 19, 2014 7:19pm Oct 19, 2014 7:19pm
Quoting Rooi
{quote} Hi Agent Orange and All Where can I see his account? Why is he so deep in trouble.I get the idea behind the reovery channel but how has it got that bad for him so quickly is he very aggressive or is it a bad DAT or what. PS-Not a expert with this but following along to see how the thread is going. All the best and thanks for your time Rooi
Here is the link to Craigs Myfxbook account, http://www.myfxbook.com/members/Crai...RWsX6GV6XX5dYu I'm sure he wont mind people knowing the details.What surprises me about his account, is the fact that its losing money. As my sponsor and probably the biggest advocate of 4X-DAT I would have thought that the DAT creator would take a special interest in Craigs account to make sure it works. I look forward to the next webinar Craig puts on to explain what has happened to his account, and why he had to put in more funds. The good thing about Craig is that he doesnt hide the facts, he will be forth coming with information and analysis
Respect the inescapable certainity of Math
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