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4X-DAT

  • #101
  • Oct 19, 2014 9:56pm Oct 19, 2014 9:56pm
Hey Zoopots

Hope you can help me because I'm confused. My broker window shows equity of $5756, yet I haven't had a global close since 3 October, so equity balance should be much less. If Im ahead 14% why has my DAT not closed the sequence?
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Respect the inescapable certainity of Math
  • #102
  • Oct 20, 2014 12:01pm Oct 20, 2014 12:01pm
Quoting Agent Orange
Hey Zoopots Hope you can help me because I'm confused. My broker window shows equity of $5756, yet I haven't had a global close since 3 October, so equity balance should be much less. If Im ahead 14% why has my DAT not closed the sequence?
AO-

The Broker Menu makes sense: If you add Avl. Equity to Margin Req (5756+255=6011) which equals Cash + Floating P/L (5999+12=6011)...so that part of the math agrees.

I see what you're saying though about a Global Close. The software believes it has closed 181 trades for a profit of 744.14 and there are currently numerous (can't see the number) of positions open which are valued at -686.78. It would seem that a Global Close should have been triggered because 744.14-686.78=57.36 which is greater than your CAD Take Profit. Hmmm. Another way to do the math is to add your $50 CAD Take Profit to the Profit Needed to CAD of 660.41 (50+660.41=710.40). The Closed Deals window has already reached this value...again.....hmmmm.

It looks like you've accurately selected all the trades since the last Global Close, but, you're sure there's not another Global upstream somewhere?

I too have an issue on another DAT account where I've had four Global Closes and the software is indicating a profit of $346 more than has been deposited to my FXCM account. Support is supposed to be running an audit for me but I haven't heard any news as of yet. The answers are slow in coming.

Z
  • #103
  • Oct 20, 2014 2:42pm Oct 20, 2014 2:42pm
In light of FXCM's servers going down last Wednesday for 4-5 hours I have selected the circled setting below in order to receive an email should this happen again. This would at least inform DAT users of the issue and give us the option to manage positions. Problem is, we don't know how long the servers will be out of service and how much the market will move during the outage.

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  • #104
  • Oct 21, 2014 12:39am Oct 21, 2014 12:39am
Quoting Zoopots
In light of FXCM's servers going down last Wednesday for 4-5 hours I have selected the circled setting below in order to receive an email should this happen again. This would at least inform DAT users of the issue and give us the option to manage positions. Problem is, we don't know how long the servers will be out of service and how much the market will move during the outage. {image}

Thanks Zoopots just did the same
  • #105
  • Oct 21, 2014 12:43am Oct 21, 2014 12:43am
Well I was more than happy with the webie Craig did last night explaining what happened with his dat.
I still have full confidence in this software and for what the company is doing for those in the drawdown due to the FXCM server failure.
  • #106
  • Oct 21, 2014 4:33am Oct 21, 2014 4:33am
Quoting Zoopots
{quote} AO- The Broker Menu makes sense: If you add Avl. Equity to Margin Req (5756+255=6011) which equals Cash + Floating P/L (5999+12=6011)...so that part of the math agrees. I see what you're saying though about a Global Close. The software believes it has closed 181 trades for a profit of 744.14 and there are currently numerous (can't see the number) of positions open which are valued at -686.78. It would seem that a Global Close should have been triggered because 744.14-686.78=57.36 which is greater than your CAD Take Profit. Hmmm. Another...
Hey Z

Can I manually close all deals, and do you think I should?
My opinion is that I should and let the DAT reset itself and start again....but I would like your opinion.(no pressure)
Respect the inescapable certainity of Math
  • #107
  • Oct 21, 2014 7:08am Oct 21, 2014 7:08am
Quoting Agent Orange
{quote} Hey Z Can I manually close all deals, and do you think I should? My opinion is that I should and let the DAT reset itself and start again....but I would like your opinion.(no pressure)
You can (Open Deals window, top row of options, second button from left labeled "Close ALL Deals"). If it were my account I would and reset the software.

Z
  • #108
  • Oct 21, 2014 7:28am Oct 21, 2014 7:28am
Quoting Zoopots
{quote} I too have an issue on another DAT account where I've had four Global Closes and the software is indicating a profit of $346 more than has been deposited to my FXCM account. Support is supposed to be running an audit for me but I haven't heard any news as of yet. The answers are slow in coming. Z
Just a heads up to all: Joseph did personally answer my email to support reference the above disparity in software profit versus actual (less) FXCM deposits and the bottom line is "you're supposed to accept these glitches as a cost of doing business". I have spent significant time trying to match DAT trades with broker tickets and believe me, root canals are more enjoyable. Joseph clearly stated that this is not something his staff will do. So, it looks like we all have to put our big boy and girl pants on and not be concerned with DAT profits not making it into our accounts. Depending on what financial field one is accustomed to playing on it's apparent some consider $346 "chump change".

Z
  • #109
  • Oct 21, 2014 8:07am Oct 21, 2014 8:07am
Hi,

This looks pretty interesting. For the zone recovery to work, the program needs to hedge with the same currency pair placing orders in the opposite direction. How can US clients do this since we cannot short and long on the same currency pair?
This software wouldn't work for us, correct?

Thanks
Focus, Patience, Determination & Order in chaos
  • #110
  • Oct 21, 2014 5:21pm Oct 21, 2014 5:21pm
Quoting saver0
Hi, This looks pretty interesting. For the zone recovery to work, the program needs to hedge with the same currency pair placing orders in the opposite direction. How can US clients do this since we cannot short and long on the same currency pair? This software wouldn't work for us, correct? Thanks
The software operates in the stealth mode whereby the broker only sees the trades in the direction of the sum total bias. In other words, if you had 3 lots short and 5 lots long, only the long bias would be seen on broker's server until that changed. FIFO would not close your hedged positions.

Z
  • #111
  • Oct 23, 2014 5:31am Oct 23, 2014 5:31am
Hi All

I just finished watching Craig Harris replay of webinar, regarding his 4X-DAT account. Here are some dot points which came out of the presentation
- FXCM apparently had a system crash or something on Wednesday and was out of action for around 4hours during London session. The market moved around 250 pips during this time.

- Craigs account was long when this happened and went against the market, he says subsequently costing him equity...... which may be true but his account wasn't doing so well before this happened.
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-Craig manually closed a trade taking a loss of $2199.96, He then injected new capital $3400 to avoid a margin call and reinvigorate his DAT account

- Joseph (inventor of 4X DAT) apparently has improved DAT 8 so orphan trades operate better as a consequence of the above action

- Joseph has promised stock in Global Profit Technologies to anyone who has a large DD as a consequence of the FXCM system down

- Joseph has launched a new beaut DAT 9 (need $10k capital)

- Craig has closed his myfxbook account which held his DAT
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Respect the inescapable certainity of Math
  • #112
  • Oct 23, 2014 7:04am Oct 23, 2014 7:04am
Quoting Zoopots
{quote} The software operates in the stealth mode whereby the broker only sees the trades in the direction of the sum total bias. In other words, if you had 3 lots short and 5 lots long, only the long bias would be seen on broker's server until that changed. FIFO would not close your hedged positions. Z
Thanks for the answer Zoopots.

Have you guys found any weaknesses with the zone recovery? As long as there is enough margin to open trades in lot size incremental fashion I don't see how this could fail.. So every trade should end up in a profit, correct?
Focus, Patience, Determination & Order in chaos
  • #113
  • Oct 23, 2014 12:17pm Oct 23, 2014 12:17pm
Quoting saver0
{quote} Thanks for the answer Zoopots. Have you guys found any weaknesses with the zone recovery? As long as there is enough margin to open trades in lot size incremental fashion I don't see how this could fail.. So every trade should end up in a profit, correct?
Saver0,

As you can read from a few Posts above, there are those who believe this software will eventually wipe out an account.

Myself, Agent Orange, Budwiser27 and others are posting our results to determine the viability of the software while being cautiously optimistic as to the end game of our DATs. Personally, between my two accounts, I've had ten Global Closes, all have achieved profit target and my worst draw down was near 30%. This is what causes some viewers angst in that, generally the Profit Targets are 1% of account equity but draw downs can reach % levels much greater that that. For me, I place greater emphasis on past performance. Strategy 5 has never realized a margin call in two years while gaining 10% growth a month. Nemeth does tell customers the different levels of aggressiveness of each Strategy and to be forewarned.

Additionally, one must remember that you ARE in control of the software in that you can Close All Deals even if a loss. In my view, the draw downs have not happened instantly; fundamental and technical variables do not cause the sequence of trades to rapidly build against you. My experience, to date, has been the software keeps hedging as it trades its way into profit. A live example of this is my original account which currently shows the Open Deals underwater at $2080. However, the software has closed 422 trades at a profit of $1967. So when you check your account ones first reaction is "Oh ****, I'm losing big time" when in reality, if you Closed All Deals at that moment in time you would only lose $113 not $2080.

There are five different Zone Recovery options to select in the software. I don't know much about any of them...I just go with the TZR option built into the Strategy. I've been happy with the recovery performance so far. BTW, Strategy 9 has been killing the market and I believe it has a slightly different TZR algorithm than the Hybrid.

Z
  • #114
  • Oct 23, 2014 11:47pm Oct 23, 2014 11:47pm
Quoting Zoopots
{quote} Saver0, As you can read from a few Posts above, there are those who believe this software will eventually wipe out an account. Myself, Agent Orange, Budwiser27 and others are posting our results to determine the viability of the software while being cautiously optimistic as to the end game of our DATs. Personally, between my two accounts, I've had ten Global Closes, all have achieved profit target and my worst draw down was near 30%. This is what causes some viewers angst in that, generally the Profit Targets are 1% of account equity but...
Cautiously optimistic
Respect the inescapable certainity of Math
  • #115
  • Oct 23, 2014 11:53pm Oct 23, 2014 11:53pm
Its getting near the end of the week so Ill post my account again. I wish my Equity was near my Gain
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Respect the inescapable certainity of Math
  • #116
  • Oct 24, 2014 8:24am Oct 24, 2014 8:24am
Quoting Zoopots
{quote} Saver0, As you can read from a few Posts above, there are those who believe this software will eventually wipe out an account. Myself, Agent Orange, Budwiser27 and others are posting our results to determine the viability of the software while being cautiously optimistic as to the end game of our DATs. Personally, between my two accounts, I've had ten Global Closes, all have achieved profit target and my worst draw down was near 30%. This is what causes some viewers angst in that, generally the Profit Targets are 1% of account equity but...
Sounds good! Thank you very much for your explanation.

I have been playing with different Zone recovery settings and some works some don't. It's overall not too bad if set correctly it seems.
Focus, Patience, Determination & Order in chaos
  • #117
  • Oct 24, 2014 11:30am Oct 24, 2014 11:30am
End of week stats:

Original account $150 away from a Global Close. Current sequence began on 22 Sept. Recovered nicely from the loss of FXCM servers on last Wednesday.

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Second account had its fifth Global Close during the European session last night. With the exception of deposit discrepancy mentioned in earlier post, quite pleased with growth.

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  • #118
  • Oct 24, 2014 6:17pm Oct 24, 2014 6:17pm
For those readers who might be researching the 4X-DAT software, I would recommend viewing the company video titled "Check out the video below to see our latest strategy being tested" at http://www.4x-dat.com/results.asp. Main meat of the video is from 05:00-25:00 minutes.
  • #119
  • Oct 25, 2014 10:29am Oct 25, 2014 10:29am
Hi All, just joined so i could post a response... I've been trading using " price action "for @ 3yrs and have never been in a position where my account is growing..!!
Guess that makes me a fairly bad trader !! but i also think thats how 80-90% of all traders find its like.. so i'm well down presently!
Having read these posts i have requested the free download so i can have a look at backtesting, as Zoopots has done and any others should do!
I do also agree with those who have indicated that it's a small profit for a potentially huge risk but i'm fast coming to the conclusion that in order to profit at this game you have to use very large stops anyway, this is the one thing that i fail with massively, i get the direction right, market comes back, takes me out and then off again in my original direction...
I've got to be impressed with a 100% hit rate over 2-3 months which Zoopots is recording for our benefit and doing a great job of it also!!
I have 2 live accounts at the moment, Oanda and FX Pro. Oanda spreads are much better so thats what i'm using day to day!
I'll continue to follow your progress and hope that it keeps going the right way, i don't fully understand how you set a profit target but sure that will become clearer when i download?
  • #120
  • Oct 25, 2014 12:05pm Oct 25, 2014 12:05pm
Hi zoo

i am new to this forum and a complete novice. Havnt traded the markets yet but have been taking interest in it over the past few months. I stumbled across 4xDat and to be honest can't see where this system fails .

I'm from ireland and interested in finding out if there are any Irish traders using the system. If not I plan to become an affiliate and start selling the system

i also believe you need to be a "product of the product" before successfully selling this system.
I plan to open up an account before Xmas with 10k and will watch the live demo trading up to that point. I'm following Dat4 at present as that's the closest broker balance that I can see using the free demo.

is this really as good as they say or am I missing something.

you mentioned dat9... A new trading strategy, this can be viewed on the demo system. However I see the account is 100k. Can dat9 be used with a 10k account or will that be too risky.... I'm happy to let 10k compound with 6% return monthly . Surprising a 10k balance compounding for 10years at 6% monthly yields a closing balance of over 10million ??

Although i I think my wife would be looking to get her hands on some of that long before 10years.

ideally I'm happy with 100.00 per day from this system, how realistic is that

darrenmc
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