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  • #261
  • Jan 4, 2015 2:47pm Jan 4, 2015 2:47pm
[quote=Tesoro;7971420]Zoopots: Those hedge positions have been my concern from the beginning. Here is a sample. Do you get those in strategy 8?

Yes, we get hedge positions in DAT8 as well...all the Strategies get hedge positions...it's one of the tenants of the DAT software. My point in Post 254 was that DAT9 has a very large number of hedge deals that open and close very rapidly compared to other Strategies. My guess is that these hedges are tied to a more rapidly changing indicator (Renko bar on a very small time frame?...see pic below) as compared to other, less aggressive Strategies. The number of hedge positions are likely tied not only to which Strategy you choose, but also to your risk tolerance (Low, Moderate or Aggressive).

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I don't personally have any problem with the software placing hedge trades...in fact, it's one of the reasons I elected to purchase the 4X-DAT. Once the idiots in Congress forced FIFO down our throats, we can't manually hedge our own trades anymore unless you're willing to use different accounts and/or different brokers to "hide" one set of trades from another or live outside the USA.
  • #262
  • Jan 4, 2015 7:21pm Jan 4, 2015 7:21pm
Hi
Can anyone advise on this:
I disconnected my DAT in November last year as big DD was wrecking my life at that time and I informed 4x-DAT back office about it which was noted and recently, accidentally I found that my DAT started to trade my account(I have not withdrawn my funds at that time from the broker) again after a month or so being disconnected.
I have not sent any email about resuming and I have not received any information from 4X-DAT back office as well so I asked them how it was possible it started to trade again?

They replied:
I am not sure how you account was reconnected as we do not connect account to the brokers.
Is there anyone on your side that may have access to your PC and/or account?? I am sorry that all this happen to you. Once connected to the broker the software begins trading.

The thing is that nobody has access to my account so I have no clue how it was reconnected without my knowledge???
Not to mention that my draw down is even bigger by now.
  • #263
  • Jan 5, 2015 12:31pm Jan 5, 2015 12:31pm
Hi KrisMtrader

I believe it must be that someone accidentally clicked connect button on your account. You should have asked the DAT support to disable the harvester, so it won't accidentally start trading for no reason.

Would you mind giving a bit more information on what size your account is, when it started trading, what strategy it was running, what percentage the draw down is? Thanks
  • #264
  • Jan 6, 2015 5:53pm Jan 6, 2015 5:53pm
Quoting Zoopots
8:50 pm Pacific Standard Time on Monday, 15 Dec 2014... It appears that the GLPT servers are not connected to FXCM servers. On the company menus, no price action for the GBPJPY is evident on any of my accounts and the displayed price differs from FXCM quotes by 50 pips! Recommend everyone watch your accounts for unusual activity/no activity . I'm receiving no replies from anyone "upstream". Z
I agree with this - i have only been using strategy2 for 2 days and have had to close all trading bc i was losing to much money. But thats not the worry, the worry is my 4x-dat account and my fxccm account have completly different opening and closing cost. Which in my mind means that they are not connected directly and they are taking a really long time to talk to each other. Has anyone else seen this as an issue?
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  • #265
  • Jan 6, 2015 6:16pm Jan 6, 2015 6:16pm
Quoting Zoopots
{quote} Hi Woody- Most of us have spent a fair amount of money on robots and EAs...4X-DAT is neither. A good explanation of this is on the corporate website which it looks like you're reviewing...good on ya. Some of the Strategies GLPT has implemented have not been running long enough to bolster a great deal of confidence. Some have way too aggressive draw downs for traders that may be timid (me). But the majority of us that are posting are using Strategy 5 or Strategy 8 ("5 on steroids" which supposedly trades trending markets as well as range...
Hello Zoopots -

You refer to the numerous options you can change in your account -
do you know how to set up your options
- to close all negative trades that hit a certain(-X negative amount of pips) "when the trade opens in the opposite of the trend" - this would keep you from losing so much on any trade that opens not in trend *a long opened in short market*

-at the same time close all positive deals before they go negative (opened in trend, once trend goes in opposite direction (-X amount negative pips) closes with a profit (after exceeds (x amount) *ex. trade made +50pips once it falls to +35pips it closes (15 differential)

-at the same time only activates when the trend is strong( i believe this is in the advanced options of the harvester - this I have figured out)

- also while keeping the harvester from opening more than (3 longs or shorts) at any 1 time - making it so the system can not keep opening trades unless there is space.

The strategy2 has its own setup that almost does this but there is something missing from the algorithm

Bc currently the system doesn't do a very good job at closing losing trades that are going against the trend - very large DD but if you could do all of these options in the harvester you could eliminate alot of the issue. I believe this system is sophisticated enough to do it. But you truly have to understand each individual option and what its for.
  • #266
  • Jan 6, 2015 6:25pm Jan 6, 2015 6:25pm
Quoting Agent Orange
{quote}
Hello This was excellent and I agree we need more technical videos on how to use the software - please tell me what you think of my below statement, do you know how we could do these things?

- to close all negative trades that hit a certain(-X negative amount of pips) "when the trade opens in the opposite of the trend" - this would keep you from losing so much on any trade that opens not in trend *a long opened in short market*

-at the same time close all positive deals before they go negative (opened in trend, once trend goes in opposite direction (-X amount negative pips) closes with a profit (after exceeds (x amount) *ex. trade made +50pips once it falls to +35pips it closes (15 differential)

-at the same time only activates when the trend is strong( i believe this is in the advanced options of the harvester - this I have figured out)

- also while keeping the harvester from opening more than (3 longs or shorts) at any 1 time - making it so the system can not keep opening trades unless there is space.

I believe this would make this software a much more effective tool.
  • #267
  • Jan 7, 2015 9:51pm Jan 7, 2015 9:51pm
Finally, in tutorial #1 at time 48:00 and tutorial #2 at 1:00:00 Joseph states that "No more than 10% of one's capital should be tied up in all trades that are open". That is received well in a classroom environment, but there are many of us contributing to this thread who will tell you the software ties up much more than that.

I was going through this thread and what surprised me how little discussion was attached to the above sentence which Zoopots included, is his very good post, not long time ago.
For me after watching so many accounts going to 30% and much bigger draw dawns, this statement from Joseph brings up few thoughts;
Was he surprised as well so many accounts suffered so much, well beyond this very modest assumption of 10%???
Or did he mislead general public about possible draw dawns???
Many software users were simply not prepared for such big draw dawns and it caused huge stress on their shoulders. For some users who are traders on their own it is a shocking proposition to aim for as little as 1% and allow this kind of draw downs. Just checked Craig`s account and it was down 85%. It is ridicules.
I do not feel sorry for Craig as many of us know he is an internet marketer and one of Joseph`s main preachers but this kind of issues(big DD) should be HONESTLY ADDRESSED FROM THESE FROM THE TOP BECAUSE THIS SOFTWARE IS SO MUCH ABOUT MANAGING DRAW DAWNS SO OFTEN UNBEARABLE FOR SOME USERS.
  • #268
  • Jan 8, 2015 4:40am Jan 8, 2015 4:40am
Here is one of the frustrations we face when trying to correlate the 4X-DAT Closed Deals to our broker record of trades: Namely the delay that has become evident to me between the broker servers and the GLPT servers. I tried a little experiment this morning which you can see in the picture below. I manually closed two positions that were well into profit (HarvesterIDs 18(7043) and 16(9041) at 0137 PST (red oval in picture). You can see that they were closed manually by "Close Selected Command" in the Closed By column. Now compare my broker statement 37 minutes later (computer clock circled by yellow oval) and you'll see these two trades haven't even registered with the broker. So in essence, when we try to pair Closed Deals listed by the software with broker closed positions...good luck. Deals executed by the software do not seem to be sent to the broker at "internet speeds". In my mind, 37 minutes (and counting) is excessive. In aviation terms, Closed Deals seem to be held in a holding pattern until such time that the software sends them to the broker's server...which can and often is substantially later than what we read on the Closed Deals window.

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  • #269
  • Edited 5:33am Jan 8, 2015 5:20am | Edited 5:33am
Quoting jlawson4xdat
{quote} Hello Zoopots - - do you know how to set up your options - to close all negative trades that hit a certain(-X negative amount of pips) "when the trade opens in the opposite of the trend" -..........
I do not have a detailed knowledge of the inner workings of the software. I do notice that my DAT8 accounts only have 20 Harvesters available to trigger at various parameters while my DAT9 account has 82! Most of the Harvesters have the same Deal Formula but differ on the Trigger Move point. My DAT8 trigger points vary by 10 pips either side of current price...you can see this in the list of Harvesters (they occur in pairs with a Buy 25 pips higher than current price and a Sell 25 pips lower than current price, etc.) My Harvester shows 10 Buys and 10 Sells (20 total on DAT8) each spaced by 10 pips (25, 35, 45, etc.). When they trigger, they of course show up on the Open Deals window and most times the two positions "fight" each other...they're contrarian.

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I suppose a person could select a number of the Harvesters and Stop them (button to the right), but I'm certainly not going to suggest how many or when to try that. It seems to me you would be hindering the software and shooting at a moving target. Also, GLPT would most certainly void any guarantee as you interfered with the programing. I've experienced 20 Global Closes on each of my DAT8 accounts and I'm learning to just be patient and leave it alone. DAT9 is another discussion...I'm not a fan of it.

Additionally, you may alter the trailing stop level by editing the Deal Formulas on the Harvester page. As you likely know, most of the Strategies are programmed with a 150 pip trailing stop trigger point which then trails price 1 pip for every 2 pips move in price. You can change that, but I don't think it's a good idea. What I think you're suggesting in Post 266 is a tighter stop loss. I can tell you that bringing a S/L too close to price on the GBPJPY is suicide...this pair often moves like an unattended fire hose and I would guess your losses would increase drastically. The only S/Ls the software employs currently are on positions at least 150 pips in the money.

I am a bit perplexed by the number of hedged deals. Joseph mentions in his video tutorials that one of the major entry filters is the Daily Heiken-Ashi candle color (paired with a 20 EMA). He implies that deals should not be entered against the Daily HE candle. If that's true, and the software is so programmed, how are we getting Buys on a red Daily HE? How are we getting Sells on a green Daily HE? At some point down the road I plan on programming my own strategy using about three of my favorite indicators offered by the company. I'm not ready for that yet but am watching the software with keen interest.

I haven't answered all of your questions mainly because some I'm not qualified to do so.

Best of luck to you,

Z
  • #270
  • Jan 8, 2015 6:10pm Jan 8, 2015 6:10pm
Hello Z

Last night I think was my last time using the software. I was in a situation where i was coming close to getting a margin call and tried to close some of my winning positions, but as you stated in the earlier message the system did not fill these deals, and so margin call I got. I had to call the fxcm trading desk to close these deals even after my margin call, bc they restarted once the margin call completed in a losing trade and I still could not get the 4x-dat to fill these orders, so all in all i lost about $2500, bc of either the closed deals not registering with my fxcm account in time to take in a profit or the manual closings not occurring when requested and the margin call that occurred bc I could not close my trades.

The FXCM department sent me the message below.

I think that the software is very smart in what it does, but the connection issue is something that will never help my account make any money. The difference in the profit the closed deal tells me and the actual profit in my account are drastically different. I will wait until they have improved on connection speed. Hopefully the price of the software will not be millions. I may just by the lifetime package and wait for it to be up to par.

Thanks for the advice.
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  • #271
  • Jan 8, 2015 9:23pm Jan 8, 2015 9:23pm
Quoting jlawson4xdat
Hello Z Last night I think was my last time using the software. }
Thanks for posting the letter from FXCM...that useful information, officially documented as it was for you, needs to be known by all users AND it needs to be addressed by the company. Unfortunately, I don't think it's a priority with GLPT. In an earlier post, I posted just how tremendously frustrating, nearly impossible, it is to correlate FXCM listed trades with DAT Closed Deals.

As a follow up, the two positions I manually closed early this morning (Post 268) still have not shown up on FXCM's statement and it has been nearly 18 hours. I'm betting FXCM won't "see" those trades, and a host of others, until the software forwards all trades to the broker's platform in the manner of a Global Close. Mind boggling that in 18 hours the only activity FXCM recognizes in this particular account are 4 minor rollover interest adjustments! However the Closed Deals window would lead you to believe these positions are closed and the broker aware of them...not so!
  • #272
  • Jan 8, 2015 11:04pm Jan 8, 2015 11:04pm
Hi everyone
Just a quick warning for would be users who have not done much due diligence about this software like me and thinking of starting up with DAT.
Not long ago I invested 20 000$ now my account is 12 000 and looks like to pray the G/J will go up regain some losses.
I cannot believe myself I invested hard earned money in this software and already promised myself to close my account at the nearest occasion.
When I started my sponsor Craig was regularly recording weekly webinars and now I could not see even single one for almost 2 months which only increases my level of uncertainty, instead I do receive frequent emails about DAT promotions and extensions of these promotions. Just wonder if people still buy this crap.
  • #273
  • Jan 9, 2015 4:37am Jan 9, 2015 4:37am
Quoting Matt1970
Hi everyone Just a quick warning for would be users who have not done much due diligence about this software like me and thinking of starting up with DAT. Not long ago I invested 20 000$ now my account is 12 000 and looks like to pray the G/J will go up regain some losses. I cannot believe myself I invested hard earned money in this software and already promised myself to close my account at the nearest occasion. When I started my sponsor Craig was regularly recording weekly webinars and now I could not see even single one for almost 2 months which...
Hi Matt,

I bought my DAT software in October 2014, and I've had 16 global close now and banked in $3000 profit with an initial investment of $15000 running strategy8.

I wonder what strategy is running on you account? You could probably consider strategy 8 if it is not already running on you account.

Best of luck
  • #274
  • Jan 9, 2015 4:45am Jan 9, 2015 4:45am
Quoting Matt1970
Hi everyone Just a quick warning for would be users who have not done much due diligence about this software like me and thinking of starting up with DAT. Not long ago I invested 20 000$ now my account is 12 000 and looks like to pray the G/J will go up regain some losses. I cannot believe myself I invested hard earned money in this software and already promised myself to close my account at the nearest occasion. When I started my sponsor Craig was regularly recording weekly webinars and now I could not see even single one for almost 2 months which...
Thanks for your update Matt. During my Air Force career one thing I learned early on is that you have to take care of your people...period. They will follow you into combat and remain loyal to you if you remain loyal to them. Your post touches on my major complaint about GLPT...communication. Emails go unanswered or are stored in some vault at Freshdesk never to be answered. I have emails from July and August 2014 still showing a status of "Being Processed" with no final solution. When once we had weekly webinars, now there are none. Harris, as you well said, is strangely silent. Many of the legitimate issues we customers are raising here tend to be ignored. I know of three accounts that had wrong strategies loaded by "tech support"; numerous accounts are being "personally monitored by Joseph Nemeth" with no interaction on a personal basis...we simply notice that somewhere, someone is entering manual positions on a live account that have no Deal Formula or Harvester IDs. A phone call or email explaining what's being done and who's doing it is just basic customer service courtesy. Deposits to our broker accounts are much less than the software indicates; server connections lag or quit and the silence is deafening; support is only available via email and often respond many days later; phones aren't answered. I think we all get the picture. I would think that GLPT would pay attention to the existing customer base if they expect us to spread the news about 4X-DAT. I quit telling my co-workers about it because if they get involved and are treated the way many of us have been it would be an embarrassment to me. So as you can see, I'm quite frustrated with the lack of interaction with company representatives. It's very discouraging.

I still have faith in the software, specifically DAT8. While my two DAT8 accounts are currently in a DD, the previous 20 Global Closes have met my expectations. Not every trade I placed over the past 8 years went immediately into profit...I don't have that unrealistic expectation of the software either. Assuming you're using the same Strategy, I believe your account will work its way back into positive territory...history has shown that this Strategy does recover if we can handle the DDs. So I'm wishing you the best on that front.

I can tell that other users are getting discouraged as well as many have quit posting or stopped visiting. I feel bad about that because we're all just common folks trying to make a little money with software that was touted as being at the top of the pyramid of all the automated systems available. Perhaps things will change in regards to taking care of the DAT troops...I certainly hope so.

Keep us in the loop,

Z
  • #275
  • Jan 9, 2015 4:51am Jan 9, 2015 4:51am
Quoting Zoopots
{quote} Thanks for your update Matt. During my Air Force career one thing I learned early on is that you have to take care of your people...period. They will follow you into combat and remain loyal to you if you remain loyal to them. Your post touches on my major complaint about GLPT...communication. Emails go unanswered or are stored in some vault at Freshdesk never to be answered. I have emails from July and August 2014 still showing a status of "Being Processed" with no final solution. When once we had weekly webinars, now there are none. Harris,...

Well said Z
  • #276
  • Jan 9, 2015 9:08am Jan 9, 2015 9:08am
Hey guys sorry wont be around much at the moment as I am working away from home and no internet
will try to carry on posting my chart each week.
And yes so far so good again with ( Sep. 17, 2014. $5,000. Hybrid (moderate).) This is what it shows in my harvester. I think its Hybrid 8 but not sure
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  • #277
  • Jan 10, 2015 12:23pm Jan 10, 2015 12:23pm
My account is trading as well as my expectations, but responding to some of you posts, there are some discrepancies as to what is called strategy 8 or nine and what we get.
For the GLT DAT accounts we have:
Strategy 8
134 harvesters
10 pips variation
Size of trades: mini-lots increases by .5 mini-lot for each deals group
Total global closing amount $2000 (or 2% of total initial amount). It was 3,000 when it started trading and it was changed.
This account open deals are a total of 258.5mini- lots (long-short), but in the broker window there only 18.4 mini-lots. It looks like many of those positions that are supposed to be in play with large DDs, are really done deals according to the broker’s window.

Strategy 9
80 harvesters
5 pip variation
Size of trade: 10 mini-lots for all
Total global closing amount is $1000 or .05 % of 200,000. But this strategy had an amount of $3,000 for a 100,000 and then was changed to 2,000 for a 200,000 strategy and finally to $1,000.
Open deals window matches the broker’s window of 30.9 mini-lots.

My strategy:
20 harvesters: 1 to 20
Size of trade all of them are .5 mini-lots
Total closing 1.5 % of total amount.
I also think that the number of legs in the trade recovery accounts for larger DDs. My strategy has only 2 legs.
  • #278
  • Jan 10, 2015 12:34pm Jan 10, 2015 12:34pm
Quoting darrenliux
Hi KrisMtrader I believe it must be that someone accidentally clicked connect button on your account. You should have asked the DAT support to disable the harvester, so it won't accidentally start trading for no reason. Would you mind giving a bit more information on what size your account is, when it started trading, what strategy it was running, what percentage the draw down is? Thanks

In the harvester advance window there is a “close all deals disable all EAIDs “, which you need to enable to stop the harvesters from starting running again, and you also need to delete all the orders pending. I have not tried it, I just remember it from one of the lectures.
  • #279
  • Jan 11, 2015 2:54am Jan 11, 2015 2:54am
Quoting Zoopots
{quote} Thanks for your update Matt. During my Air Force career one thing I learned early on is that you have to take care of your people...period. They will follow you into combat and remain loyal to you if you remain loyal to them. Your post touches on my major complaint about GLPT...communication. Emails go unanswered or are stored in some vault at Freshdesk never to be answered. I have emails from July and August 2014 still showing a status of "Being Processed" with no final solution. When once we had weekly webinars, now there are none. Harris,...

Well Said Z
Respect the inescapable certainity of Math
  • #280
  • Jan 14, 2015 6:44am Jan 14, 2015 6:44am
Hi
Another week and draw dawn is getting only bigger and it is really awful situation when you go to normal job and can earn monthly what this software is capable to lose in few days when you invested more than you should.
I truly regret I have not done my own due diligence but listened to someone like Craig who recently is (like mentioned above by Zooptos) strangely silent about DAT. My dissatisfaction about him comes from his recent lack of activity and fact that link to his myfxbook account was not visible on his performance spread sheet as I found the link on this forum. Before when checking his website in the section performance spread sheet- Craig Harris` live account only saw graphic steep up line with no updates from last spring where in fact his account was almost in 90% draw dawn. What is the point to keep it with no updates or link to actual current account?
Overall I believe when things are not going so well it is really a time to step forward for someone who was so adamant about the DAT and had courage to talk about new google and created relatively big group of users who expected some kind of continuation of updates (being recorded as many people are not able to participate live).
I have seen really big DD in GLPT account nr 8 in last 2 weeks, so can anyone update about their performance of this strategy recently? and DAT 9 as well if possible?
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