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4X-DAT

  • #201
  • Nov 20, 2014 6:38am Nov 20, 2014 6:38am
Hi alex1969

I think if the G/J keeps going up the DAT wil change the position to long!

Today it has closed 33 long trades for a profit of 20192 pips profit! There are a lot more long position with profit locked in!

I'm not sure what it is doing but it seems to have a fluid plan!

4X-DAT9 I trust in you

Good luck to everyone..... keep smiling!
  • #202
  • Nov 20, 2014 9:38am Nov 20, 2014 9:38am
Quoting click2earn
Hi Budwiser Are you with MBT or FXCM? Ive been with MBT /4XDAT since 31st March 2014 Thanks
I'm with FXCM since end of September when I first opened my account
  • #203
  • Nov 20, 2014 3:25pm Nov 20, 2014 3:25pm
Quoting krisMtrader
Any thoughts on this from DAT.....
Kris,

I would really encourage you to post screen shots. Show all Open Deals (if you have too many positions for one screen shot take several), all Closed Deals after the last Global Close you had and the Broker window. It will help all of us lend support to where the software has you and perhaps extra eyes can see something to ease your angst.

Best regards,

Z
  • #204
  • Nov 22, 2014 12:43am Nov 22, 2014 12:43am
week ending 22/11/2014
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  • #205
  • Nov 22, 2014 10:26am Nov 22, 2014 10:26am
Hi Budweiser.....what stragety are you using on this account
  • #206
  • Edited 2:05am Nov 23, 2014 1:09am | Edited 2:05am
Quoting Darrenmc
Hi Budweiser.....what stragety are you using on this account


This is what it says in the box

Sep. 17, 2014. $5,000. Hybrid (moderate).
  • #207
  • Nov 23, 2014 2:23am Nov 23, 2014 2:23am
Hi All

I am still deciding on buying this software and downloaded it for demo purposes. How do I get data for demo purposes and set it up to demo trades? Is the strategies available for demo runs?

Any help will be appreciated.

Thanks for all the honest reply and info!
  • #208
  • Nov 24, 2014 1:21am Nov 24, 2014 1:21am
Quoting 4xmctrade
Hi All I am still deciding on buying this software and downloaded it for demo purposes. How do I get data for demo purposes and set it up to demo trades? Is the strategies available for demo runs? Any help will be appreciated. Thanks for all the honest reply and info!
I'm not 100% sure on this but I believe if you want to demo trade the strategies you will have to purchase a license and connect it to a demo Trading Station account at FXCM or similar account at MBTrading. The demo account will be able to trade the various Strategies, but support will still have to load the Strategy you want to observe to your demo account. To my knowledge, there is no way to get a "free" license just to demo trade for awhile.

To get the details, email [email protected] and ask them what the process is to demo trade the company strategies and if you must purchase a license. Perhaps they have a license that is only coded to demo trade and not charge for it...I'm not sure.

See Post #1 if you simply want to view the corporate accounts with a free Trade Client viewer.

Z
  • #209
  • Nov 24, 2014 3:02am Nov 24, 2014 3:02am
Craig Harris webinars for November now online.........., for those who may be interested
Respect the inescapable certainity of Math
  • #210
  • Nov 24, 2014 3:45pm Nov 24, 2014 3:45pm
Thank you Zoo for your suggestions but I disconnected my DAT as could not watch it any more, your efforts are much appreciated but I just did not understand why one of the most conservative strategies as 8hibrid(and in my initial email to GLPT I also stated that my risk tolerance is low) caused such a big DD and I was relying on move down on G/J to recover and lost so much during nice move up on this pair.
By the way I have not had a single Global Close since started 3 months ago.
The problem is that I am a trader on my own and have some solid money mamagement rules and this risk model in my DAT came as a true shocker which forced me to withdraw.
However thanks to people like you some can understand more about this whole idea.

Best Regards
Kris
  • #211
  • Nov 24, 2014 9:06pm Nov 24, 2014 9:06pm
We started August 17th (first trade). We were in DAT 8 Hybrid then November 3 we were switched to DAT 9 Moderate. We too are in the draw down that most are speaking of here. In my very limited experience, some how, it seems the DAT pulls out every time. The longest draw-down we have seen in anyone we personally know is a little over 2 months. We have only had some minor GC's so far (in 9) and a few thousand in trades closed with the DAT 9 on G/J.

Since it has not closed any deals at a loss so far, correct me if I am wrong but we have not lost any money. It is simply in trade, awaiting either the market moving or making additional trades that will make profits exceeding the draw downs. Only when it globally closes do we make or loose money.

I wish it was this simple with the stocks we channel. We do several of them several times a year. In the whole year, we do not make what we have made in a month with the DAT. And with one wrong buy (the company went bankrupt), I lost everything on that buy. No waiting and hoping. With the DAT, if I have to wait a month or two to be able to make 7% a month again, well, I am willing to wait. If I only make 7% a year, that would be great. But there is no question in my mind that it will be more.
  • #212
  • Nov 25, 2014 2:17am Nov 25, 2014 2:17am
To see how much money you actually have on your account, login directly into your FXCM trading platform or in your account at www.myfxcm.com if you have FXCM account.
If you have MB trading broker account, you should log into MB trading account on their web site.
It does not mean, that you are in profit if DAT only close positive trades, be carefull with that.

Quoting 4XRenegade
We started August 17th (first trade). We were in DAT 8 Hybrid then November 3 we were switched to DAT 9 Moderate. We too are in the draw down that most are speaking of here. In my very limited experience, some how, it seems the DAT pulls out every time. The longest draw-down we have seen in anyone we personally know is a little over 2 months. We have only had some minor GC's so far (in 9) and a few thousand in trades closed with the DAT 9 on G/J. Since it has not closed any deals at a loss so far, correct me if I am wrong but we have not lost any...
  • #213
  • Nov 26, 2014 4:29pm Nov 26, 2014 4:29pm
Hi All, Does anyone know how much of your individual account fund is traded at any one time with 4xdat? (EG Is it 40%/50% of the members broker account)
  • #214
  • Nov 26, 2014 5:36pm Nov 26, 2014 5:36pm
Quoting click2earn
Hi All, Does anyone know how much of your individual account fund is traded at any one time with 4xdat? (EG Is it 40%/50% of the members broker account)
It is no set amount...basically, it's whatever the software needs to cover all the Harvesters that are triggered. I have one account currently down 40% of the initial value. I've seen others on MyFxBook that I'm watching go down into the 80%-90% area. The amount of funds used will also depend on which Strategy you select and your risk tolerance. DAT9 is a rabid dog...it trades, trades, trades. DAT8 less so. DAT4 even less. Currently my DAT9 account has 100 Open Deals while my other two DAT8s have 25...just to give you an idea. Every Open Deal requires margin to cover the position which means Available Equity normally is less with the more aggressive Strategies.
  • #215
  • Nov 26, 2014 5:38pm Nov 26, 2014 5:38pm
Quoting 4xmctrade
Hi All I am still deciding on buying this software and downloaded it for demo purposes. How do I get data for demo purposes and set it up to demo trades? Is the strategies available for demo runs? Any help will be appreciated. Thanks for all the honest reply and info!
Thanks to Darrenmc for forwarding this information:

Demo trading with the 4X-DAT is not possible...here's a quote from support@4x-dat:

"The software bridge is built for live trading on FXCM platforms not demo trading on FXCM, so no, that would not work on a demo account"
  • #216
  • Nov 27, 2014 7:46am Nov 27, 2014 7:46am
Hi
Just went through webinars that Craig held this month and have pretty mixed feelings as on 3rd November he mentioned that when you are heavily leveraged in one direction it is not going to continue to add new positions and they will manually implement modified recovery strategy, and that is exactly what I was thinking about my DAT when move in one direction was dragging my account heavily down and I was begging for some kind of `manual intervention`as this situation was completely wrong and did not make sense and now I can hear they see it was a problem as well, it is only a pitty it cost me so much.
Secondly on 17th Nov he said that he was only up after more than 10 months of running DAT when at the same time I saw on his myfxbook account drawdawn more than 50% and in October he almost had margin call and quickly invested new funds so can anyone explain this phenomenon where he was up???Has he got some other account he was talking about?
  • #217
  • Nov 27, 2014 11:30pm Nov 27, 2014 11:30pm
Hey Zoopots can you place the links to the accounts you are watching I would like to add them to my watch list. Cheers

This Weeks
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  • #218
  • Nov 28, 2014 12:28pm Nov 28, 2014 12:28pm
Quoting budwiser27
Hey Zoopots can you place the links to the accounts you are watching I would like to add them to my watch list. Cheers This Weeks
See post 161, the names are shown in the pic...however IRA is not public. You can search for them on MyFxBook and then add to your watch list.

Z
  • #219
  • Nov 29, 2014 6:35pm Nov 29, 2014 6:35pm
Hello everyone!


I found this thread during my due diligence about 4X-DAT, which I have been following and collecting information for a few weeks.

After reading ALL the posts here, since the very first one, I could notice that some traders had their accounts heavily damaged by long D/D and decided to accept the loses and step aside. Obviously this concerns me since I'm accessing all the available information to better understand the system.

Few questions came and I'm sure someone here can help me.

1- Does the account size matter in the zone recovery performance? Apparently small accounts are struggling to recover because they don't have enough margin to play with. In other words, is there a chance a 100K account will perform much better than a 10K account because it's more robust and can recover easily from DD?

2- According to GPT terms, client is entitled to a full license refund if they didn't have any profit after running a single strategy for 1 year, without modifying any settings or interfere with software's operation. I've read here about people closing deals manually, changing harvests formulas and messing with orphans deals options and perhaps doing other things. Clearly GPT don't want that. What is the impact of this behavior in the bad performance some traders are having?
  • #220
  • Dec 1, 2014 12:41am Dec 1, 2014 12:41am
Quoting Firex
Hello everyone! I found this thread during my due diligence about 4X-DAT, which I have been following and collecting information for a few weeks. After reading ALL the posts here, since the very first one, I could notice that some traders had their accounts heavily damaged by long D/D and decided to accept the loses and step aside. Obviously this concerns me since I'm accessing all the available information to better understand the system. Few questions came and I'm sure someone here can help me.

1- Does the account size matter in the zone recovery...
At one time Mr Nemeth mentioned that some of the available strategies would only be loaded into accounts with certain minimum balances. When I first began monitoring GLPT, the minimum balance was stated to be $10,000USD, however, many of us began (and were allowed to open) accounts below that level. Many have begun with balances of $5,000USD. Supposedly the Profit Targets and Deal sizes were programmed to minimize the risk of a Margin Call by the broker. Having said that, many of us have experienced DDs up to 85% and lately I would estimate many of the DDs in the 35%-50% range based on accounts I'm watching on MyFxBook. Be advised that a larger account will likely be traded with larger Deals (more lots per Deal) so a DD can reach the same percentage level as a smaller account with less available equity. Additionally, Strategy9 is a rabid dog in that it trades more frequently than a more conservative strategy. (I have two accounts with DAT8 and one with DAT9...DAT9 has three times more trades open than the other two trading the same currency). Anyone interested trading the 4X-DAT should seriously consider their risk tolerance and perhaps begin with DAT4 as recommended by GLPT.

I believe the guarantee is that your license fee will be refunded if after 12 months of live trading the 4X-DAT fails to return 12% (1% per month). This only applies to the cost of the license and not any account loss. While I have not seen the details of the guarantee in writing, I'm certain Mr. Nemeth would void the guarantee if the user has interfered in any way with the software. I am only aware of one trader who has "modified" the software (he convinced Mr. Nemeth to program a Profit Target larger than the 1% norm) and additionally, when his account approached the 85% DD mentioned above, he manually closed a single Deal that was showing a very large loss, deposited additional funds and switched strategies. It is my personal opinion that this was done to prevent a broker Margin Call and the poor publicity surrounding that potential event.

The current "poor performance" that many of us are experiencing is not the result of messing with the software. It is solely related to the lack of movement (consolidating market conditions) with respect to the GBPJPY over the past month. Most of us are letting the software "do its thing" in the hope, and evaluation of, the software's ability to trade back into profit and reach a Global Close.
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