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4X-DAT

  • #301
  • Jan 26, 2015 8:21pm Jan 26, 2015 8:21pm
Quoting darrenliux
{quote} Hi Z, Thanks for presenting your account to all of us. About the negative GC, have you selected all the trades right after the previous GC? Sometimes when there are profits in previously closed trades, the GC can be negative. The Gaga account has such a big drawdown. What happened? What strategy is running on?
See Post 68 concerning how to view all trades of a Global Close, and yes, all 219 trades were included AFTER the previous GC on 18 Dec 2014.

The Gaga11 account is the one that GLPT loaded with DAT9, Moderate when we requested DAT4, Moderate. I am told Joseph is personally monitoring the account trying to keep it from a margin call due to their error. It is a smaller account that should not be trading such an aggressive strategy with often large draw downs. I am simply being patient to see how it all works out. Time will tell.
  • #302
  • Jan 26, 2015 8:22pm Jan 26, 2015 8:22pm
For those running DAT 8, here's the stats on my 20 GCs since mid-August 2014:

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  • #303
  • Jan 27, 2015 12:24am Jan 27, 2015 12:24am
Quoting darrenliux
Hi guys, Has anyone had problem with FXCM's new margin increase. It requires $200 for 1 mini Lot open position. It is crazy! what you guys think?
I have just instructed GLPT to disconnect my DAT once my next Global Close occurs. I intend to withdraw my fund from FXCM until they stabilize, or a new International Broker is available. I suggest everyone to do the same thing.

FXCM have changed their leverage from 400:1 to 50:1 which is insane. I have accounts with 3 other Brokers and none of them have changed their leverage.

I think pressure should be put on to GLPT to fast track installing an new international broker.......imagine the bad vibes from its clients if FXCM goes belly up. Remember FXCM is really our only choice for Broker at the moment. And if FXCM folds, we all loose money
Respect the inescapable certainity of Math
  • #304
  • Jan 27, 2015 1:21pm Jan 27, 2015 1:21pm
Interesting GC this morning on my IRA account. Between the GC on 12/31/2014 and this morning's, MyFxBook and FXCM are showing a profit of $57. However, the software indicates after the GC this morning a profit of $1383.46 on 214 trades. FYI, the CAD Profit Target is $500. Somewhere there's a lot of profit in cyber space that didn't make it into my account. I would suggest everyone monitor your balances closely especially in light of the turmoil at FXCM. (And yes, I have properly selected all of the Closed Deals AFTER the GC in December)

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  • #305
  • Jan 29, 2015 2:28pm Jan 29, 2015 2:28pm
HI Zoopots,

Is this a real account? You sure have wild swings in this account.

The way the owner presented his software on a Youtube video, especially saying no need take a loss, is very misleading.

I assume your positions never get closed out until in profit?
  • #306
  • Jan 29, 2015 3:38pm Jan 29, 2015 3:38pm
Quoting tradershads
HI Zoopots, Is this a real account? You sure have wild swings in this account. The way the owner presented his software on a Youtube video, especially saying no need take a loss, is very misleading. I assume your positions never get closed out until in profit?
Yes, this is a real account.

All 19 GCs have closed for some profit. Often NOT the programmed Profit Target.
  • #307
  • Jan 29, 2015 3:44pm Jan 29, 2015 3:44pm
Would you recommend this system?

Also, did you pay a lot for this system?
  • #308
  • Jan 29, 2015 6:48pm Jan 29, 2015 6:48pm
Quoting tradershads
Would you recommend this system? Also, did you pay a lot for this system?
Visit the link given in Post #1 and register as a Customer (free). This will allow you to view the different Strategies offered by the company in a read only mode. Once you do that, I believe you will then be able to research the pricing for the software license. It can be purchased as a monthly, 3 year, 5 year or lifetime license.

I am still optimistic about the software when it's loaded with the user requested strategy and in my opinion, 4X-DAT Strategy 8 is the one I have confidence in. It has given good, dependable results over time. I would avoid DAT9 like the plague! Those who have followed this thread for any length of time know that I requested DAT4 to be loaded onto my third account as I wanted to see how the most conservative strategy offered by the company performs. However, DAT9 was mistakenly loaded onto my account by the tech division and it is a train wreck. Mainly because it realizes often aggressive draw downs NOT intended for smaller accounts. DAT9 will enter an average of three times more positions than my DAT8 accounts. I have often referred to DAT9 as a rabid dog when it comes to trading...not for the faint of heart with a small account. I am aware of six accounts running DAT9 either by choice or by mistake and all the accounts are near 90% DD. One user had a very substantial account size (tens of thousands of USD) and DAT9 wiped it out. SO BEWARE!

DAT8 is giving predictable returns and giving a GC on an average of every 8-9 days.

My disappointments center on the issues listed above in previous Posts...not the software specifically.
  • #309
  • Jan 30, 2015 9:22am Jan 30, 2015 9:22am
Thud88 Account Update (DAT8, Moderate)

Draw downs depicted on red bar chart

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  • #310
  • Jan 30, 2015 9:36am Jan 30, 2015 9:36am
Thud89 Account update, DAT8 Moderate

Draw downs depicted in red bar chart

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  • #311
  • Jan 31, 2015 1:37am Jan 31, 2015 1:37am
Hi guys my chart for the week
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  • #312
  • Jan 31, 2015 3:07am Jan 31, 2015 3:07am
Quoting Agent Orange
Does anyone know how Craig Harris account is going. He doesn't seem to have any webinars or updates. I wonder how the new Margin requirements effect his account and more importantly his views on FXCM and GLPT
I do not think Craig views would make sense any more. He has been so optimistic about this software but the facts are that his account was almost wiped out in October last year(when he added extra funds) and now again is in 90% draw dawn. It would require some internal honesty to address these facts but he instead went silent.
I remember regular webinars hosted every week last year and organized by Craig and GLPT but now it all vanished. The question is why?
  • #313
  • Feb 1, 2015 12:57pm Feb 1, 2015 12:57pm
Quoting Matt1970
{quote} I do not think Craig views would make sense any more. He has been so optimistic about this software but the facts are that his account was almost wiped out in October last year(when he added extra funds) and now again is in 90% draw dawn. It would require some internal honesty to address these facts but he instead went silent. I remember regular webinars hosted every week last year and organized by Craig and GLPT but now it all vanished. The question is why?
Just before Christmas Craig began to focus on some serious medical issues within his immediate family. Links have been sent out for a resumption of webinars tomorrow, 2 Feb 2015.
  • #314
  • Feb 1, 2015 3:19pm Feb 1, 2015 3:19pm
It's been a couple of months since I updated the ROIs of the various Strategies. Here are the results as of 1/31/2015. Please note that only Global Closes are included in the results as this would represent deposits to accounts (no Open Deals are included).

I was unable to connect to DAT2 for over two days; not sure what the problem is.

Also, many of you know I am running two accounts with DAT8 (Post 309 & 310). My results with real money in real world accounts do not even come close to those of the corporate accounts...so do your own analysis! The math of reality appears to differ very much from the math of the algorithm.

Strategies 4, 5 and 8 seem to provide a consistent pattern of growth.

Also, while the data string is very small, note the monthly growth of DAT9 is shrinking. This is what we've discussed with regards to that Strategy for a few months now. Beware!

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  • #315
  • Edited 7:20am Feb 2, 2015 5:06am | Edited 7:20am
Quoting Zoopots
It's been a couple of months since I updated the ROIs of the various Strategies. Here are the results as of 1/31/2015. Please note that only Global Closes are included in the results as this would represent deposits to accounts (no Open Deals are included). I was unable to connect to DAT2 for over two days; not sure what the problem is. Also, many of you know I am running two accounts with DAT8 (Post 309 & 310). My results with real money in real world accounts do not even come close to those of the corporate accounts...so do your own analysis!...
Hi Z,
Thank you for the update.
I noticed that strategy 9 seems have been changed, and it doesn't open trades like a rabid dog (like you described it)anymore.
The reason of why our profit in real money account is so much different from their live-action account, I believe, is the numbers of the Harvester and the size of the trades in our accounts is so much smaller than those simulation accounts.
We can never run the exact same strategy (5, 8 or 9) on our accounts even when we have the same amount of funds. That's because the simulation accounts are not affected by the Margin Requirements. They'll carry on trading even when Available Equity and Cash level fall below ZERO. That won't happen in real life.
  • #316
  • Feb 2, 2015 11:51am Feb 2, 2015 11:51am
Quoting darrenliux
{quote} Hi Z, Thank you for the update. I noticed that strategy 9 seems have been changed, and it doesn't open trades like a rabid dog (like you described it)anymore. The reason of why our profit in real money account is so much different from their live-action account, I believe, is the numbers of the Harvester and the size of the trades in our accounts is so much smaller than those simulation accounts. We can never run the exact same strategy (5, 8 or 9) on our accounts even when we have the same amount of funds. That's because the simulation...
As I sit here looking at my two DAT8 live accounts they each have 15 Open Deals while my live DAT9 has 92 Open Deals. Just in 2015, DAT9 has executed 1144 Closed Deals (58 alone on 30 January 2015). So from what I'm seeing with my live accounts, DAT9 is still trading on steroids.

Available Equity in my two DAT8 accounts are vastly different due to the original difference in deposited funds. I will say that the software does consider this difference as the normal position in the smaller account is .3 lots while the larger account is 2.5 lots. Some Open Deals will vary based on Trade Recovery, but these are the normal position sizes. What I focus on is percentage gain/loss. Whether an account is $5,000 or $100,000 the % gain/loss is telling.

When we login to the corporate accounts you will notice that the Trade Client Server is selected to "Live". Unless there is some deception occurring, I believe the corporate accounts are all real money, live in the market. I asked this question of Joseph during a webinar last June and that was his answer.
  • #317
  • Feb 2, 2015 11:59am Feb 2, 2015 11:59am
Quoting Zoopots
{quote} As I sit here looking at my two DAT8 live accounts they each have 15 Open Deals while my live DAT9 has 92 Open Deals. Just in 2015, DAT9 has executed 1144 Closed Deals (58 alone on 30 January 2015). So from what I'm seeing with my live accounts, DAT9 is still trading on steroids. Available Equity in my two DAT8 accounts are vastly different due to the original difference in deposited funds. I will say that the software does consider this difference as the normal position in the smaller account is .3 lots while the larger account is 2.5 lots....
Have you noticed that in the Harvester window on the DAT9, the 'one deal per TI' box is ticked, it wasn't before. That's why it opens multiple trades at same price.
I asked Joseph the same question regarding the live account with real money. The answer I got is: The account is trading live price however, no where on the website mentioned it trades real money.
  • #318
  • Edited 7:20am Feb 5, 2015 2:01am | Edited 7:20am
Quoting Zoopots
Interesting GC this morning on my IRA account. Between the GC on 12/31/2014 and this morning's, MyFxBook and FXCM are showing a profit of $57. However, the software indicates after the GC this morning a profit of $1383.46 on 214 trades. FYI, the CAD Profit Target is $500. Somewhere there's a lot of profit in cyber space that didn't make it into my account. I would suggest everyone monitor your balances closely especially in light of the turmoil at FXCM. (And yes, I have properly selected all of the Closed Deals AFTER the GC in December) {image}
Hi Z,

This happened to one of my accounts as well, it had a GC yesterday, only 20% of supposed profit added in FXCM account's balance.

I've noticed that this is due to FXCM's high overnight financing (rollover) charge for GBP/JPY. Roughly 1min lot position can be charged between $1 and $9 a day, (it was $9 on the 3rd Feb. it's $3 today).

The longer and larger the positions held, the more the financing charge would be, thus lesser profit left in our accounts.
  • #319
  • Feb 5, 2015 8:32pm Feb 5, 2015 8:32pm
Quoting darrenliux
{quote} Hi Z, This happened to one of my accounts as well, it had a GC yesterday, only 20% of supposed profit added in FXCM account's balance. I've noticed that this is due to FXCM's high overnight financing (rollover) charge for GBP/JPY. Roughly 1min lot position can be charged between $1 and $9 a day, (it was $9 on the 3rd Feb. it's $3 today). The longer and larger the positions held, the more the financing charge would be, thus lesser profit left in our accounts.
This is, in part, true. The BOE interest rate has been .50% for quite some time. The BOJ's has been stuck at .10% for an equally long time. So when the strategies trade the GBP/JPY, one way to think of the rollover or carry trade is to view the pair as a comparison of interest rates: .50%/.10%. In layman's terms, a Buy that is held through the new trading day (5 pm EST) gains interest while a Sell loses interest. Since the software has lots of Buys and Sells that are Open Deals through the new trading day, there will be a lot of interest, or rollover, deposits/debits. It is mentally impossible to keep up with this when GCs take months to occur. However, the software should be keeping an audit of these deposits/debits and still keep trading until the Profit Target is reached. The variance in these deposits for the same position size is PROOF that the broker is screwing the retail trader. We would all be shocked if we knew what the wizards are really doing behind the curtain to our retail accounts. They are manipulating spreads, rollover rates, execution rates and other trade characteristics to pad their corporate pockets.

I trade the AUDJPY apart from the DAT software. Here's a shot of the manipulation of a long term trade I've been in and note that my two Buy positions rarely get the same rollover rate from day to day or week to week. This pair has a rate differential of 2.50%/.10%, so a Buy gets a pretty fair rollover interest rate. I have held these two positions so long that I've accumulated over $800 in interest. Note also that the triple interest Wednesdays aren't even consistent.

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  • #320
  • Edited 9:33pm Feb 5, 2015 9:23pm | Edited 9:33pm
Quoting Zoopots
{quote} This is, in part, true. The BOE interest rate has been .50% for quite some time. The BOJ's has been stuck at .10% for an equally long time. So when the strategies trade the GBP/JPY, one way to think of the rollover or carry trade is to view the pair as a comparison of interest rates: .50%/.10%. In layman's terms, a Buy that is held through the new trading day (5 pm EST) gains interest while a Sell loses interest. Since the software has lots of Buys and Sells that are Open Deals through the new trading day, there will be a lot of interest,...
How is it that you say that the Brokers are screwing the retail trader. The swap rates are clearly posted and as such are verifiable from any forex dedicated site. For you to put brokers in a bad light is inexcusable. If there is a variance in deposit I have never had one. The rollover is similar to the overnight rate of the countries Central bank at that given time. If you don't know the answer to the question then I suggest you just say so instead of spewing more conspiracy theories. In addition can you be specific as to your broker that gave you these rates. What is their explanation as to why there is a discrepancy. If it is true as you say then you have a right to file a complaint with the regulatory body that over sees them.

What many of you guys peddling your holy grails don't understand is that
1) people believe and trust you and are hoping beyond hope that you can give them their dream of fast easy money.
2) Guys who peddle holy grail software are wrecking and have done irreparable damage to this industry so that you can make a fast buck with your conspiracy theories and countless blame on everyone but yourselves.

In short there is no easy way to trade the markets its hard work and requires one to develop a skillset similar to that of a doctor athlete or any other skilled position. If you work at the craft you will be rewarded if you choose a short cut you will eventually be cut. If you cant trade it yourself find some one who can do it for you. Forex offers opportunity for financial freedom to those that are patient. If you can be patient you can achieve your dream with gains of just 20 pips a day over a 1 year time frame and just a $1000.00 investment.
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