4X-DAT

My strategy has stop losses and it did OK this week. Here is the growth chart.

yes its showing good and it must be growing well....


------------------SIGNATURE-----------------------
Download over 500 Forex Robots for FREE at: http://mt4talk.com/viewforum.php?id=3
Download over 2400 forex indicators for FREE at: http://mt4talk.com/viewforum.php?id=32

I'm on the hybrid. I thought they didn't have stop losses it was all done by dollar cost averaging and other methods.

Strangely, they do set stop loss for some of the accounts and don't for others, even for the same strategy. Take a look at the 'deal formula' on harvester window, you'll be able to see the stop loss.

Based on my experience, account with stop loss is harder and takes longer to achieve GC. Try to get rid of the stop loss after next GC, you'll see some performance improvements.

Check Strategy 7 in the samples; it has stop losses. Mine is a simplified strategy 9 with stop losses. I started on December 3 and it has been growing at about 5% per month. So far it is looking good.

If you listen closely to the corporate website tutorials, you will hear that one of the main "characteristics" of the software is the ability, by design, to trade without stop losses until the programmed profit level is reached (normally 150 pips) at which time that Deal will be protected by a trailing stop.

One of the frustrations is that Affiliates are requesting the same Strategy and the tech department loads a 350 pip hard stop loss for orphaned positions on some user accounts and leaves them off on other accounts with no apparent rational for doing so (perhaps it may be tied to your requested risk tolerance).

I am aware of three accounts running DAT9, all with the above mentioned 350 pip hard S/L, and all the accounts are dreadfully down, one even closed out completely. One of the three has been running for about three months and has had 123 Closed Deals that have hit hard stop losses for an aggregate loss of over $21,000! That is one heck of a lot of trades/losses for the software to overcome and trade it's way back into green.

I would suggest we all, no matter what Strategy we're running, pay attention to the parameters entered into the Harvester. Pay particular attention to the Deal Formula and if you don't understand what it's telling you...go view the tutorials again. The Strategies are sometimes NOT loaded with the exact parameters that the corporate website accounts are and that can really frustrate the user. Why that is I can only speculate.

Hi
I did experience personally health issues because of the overall performance of this software and got involved into this only because I somehow trusted Craig earlier last year. I do not expect him to carry out webibars if his account is constantly in massive DD but how come he was able to say in one of his webinars in November last year that he was only up when his account was heavily down? I guess he meant commissions for participation in selling of this software but I think most of us got involved because we truly believed in growing up our accounts.
I lost so much money and cannot believe I trusted someone like Craig.

this weeks chart guys

What strategy where you on has your account blown ?

I've been trading with a $10,000 account since December 18, 2014. I asked for DAT 8. I have Hybrid (Moderate) loaded. It has 350/150 pip stop losses loaded into the deal formulas for both the trade and the trade recovery. Since Jozef Nemeth says in all his videos he does not recommend using stop loses I sent an email to 4X-DAT support asking them why they were there and if I should or could get rid of them. The stop losses have cost about $1,800 and most were associated with trade recovery. Support responded that I should be satisfied that my account is up 13% and did not comment on the advisability of removing them. I had three trades where the main trade and the second leg of the trade recovery both stopped out. These three trades lost about $1800. I had one trade where the first leg of the trade recovery trade was stopped by a trailing profit stop which did not close the main trade and the main trade then hit the stop loss for a $59 loss.

This is not good, the hit is simply too big for you to leave it at that. You should further inquire about the presence of S/L citing your particular situation as example, then get the final word of why and how did they appear.

My guess is their own support doesn't know what they're doing.

(btw this is fine for me, as I'm using the DAT as a greybox and not fully automatic, thus avoiding two of its biggest pitfalls - undiscriminated entry and exit)

I went back to 4X-DAT support and they said I should look at 4X-DAT10 which does not use stop losses. I looked at it and although it does have some large draw downs it always recovered from them. I requested they transfer me to 4X-DAT10 at the next global close. this may be a while the way it's now trading.

Hi All,

Been away from trading for some time now, but had a marketing email come through about this system which intrigued me.

I cannot find any similar systems to this in the forums at present ( If there is please let me know ) which tend to arrive soon after the original has been revealed. At the end of the day its said to be a system that does not use STOPS.

I also cannot understand why people spend what looks like approx $5000 for a system without manually trading it first on a demo site.
Any info on manually trading this software or similar would be a great help.

Thanks nightpipper

Does anyone know what the 4X-DAT Guru button on the dashboard is for and how to use it?

Thanks

Currently, the company does not offer the software to be traded on a demo account. Their reasoning for doing so has been posted previously. Good luck with the DAT experience.

Z

Nice recovery this week. Here is my chart.

I had a look at one of Joseph Nemeth's youtube videos (Zone Recovery Algorithm...) and came to the conclusion (as several others had) that it was a potential disaster waiting to happen (draw-down). So I was quite interested to see what the results would be in live trading.

It seems like few people lost money, others have various problems but, given the promises, no alarm bells are ringing!

The 'official' simulation has stellar results that are not reflected in actual accounts. Then it is mentioned that the simulation uses live prices but (very probably) not live money - and no one seem to wonder why is that.

Clearly there are contradictions between what Nemeth says his system does and what it actually does but there don't seem to be any clear answers coming from him about this.

Then there is a post from Jan Hornak (http://www.forexfactory.com/showthre...08#post8069808) but no one seems to take any notice. I would think that given all the problems to date the post is very relevant.

Did Nemeth give any money back guarantee and if so, did anyone get their money back? Did anyone try? (obviously Jan Hornak & co tried but got nothing)

Can anyone enlighten me? Is it correct that if I close all deals in the 4x-DAT account, I would get what the broker account shows? As I see it, all the open deals only exits as an accounting in the 4x-dat server, because they are in the past so you can't go to the broker account to do them.

Tesoro

Hello Guys: been following this for awhile and figured it was time to chime in on my experience. I have two dats and will attempt to attach the broker statement at the bottom of this post. I don't get to the computer much but with the lack of communication with the dat team these days, it seems this is the place to go. I have no interest in the marketing side of this thing...still doing due diligence on my own before I would ever recommend it to anybody else. Of course I see the silver lining in successful multilevel marketing, but has anyone heard from Bobby lately? Vicious rumors appear to be flying around and I tend to believe them with the lack of webinars and such. I wish the best for the company and all involved, but maybe it's time to man up and let us members know what is going on with the marketing, developing, if people are crashing and burning....yadi yadi yadi. My 2 cents worth is to respect the members and webinar us up. If something went south...let us know...if things are on hold...let us know...if some legal issues are involved...well...maybe they can't let us know...I don't know. I read somewhere in here that they may have placed too much of the income into the marketing side and not enough into the support team. Maybe they'll get it worked out, or maybe I just don't know what I'm talking about. Who knows. Anyway...Tesoro; on your previous post, my experience is that when you close all of your deals, indeed you will have the balance that your broker shows, not what the dat is telling you. I wanted to close out my positions in the past, but was afraid to lose the money the dat indicated I needed to gain in order to get the global close. One day I just did it to see what would happen and it closed all positions in the dat and also at my broker. This appears to be my main concern with the dat is why the numbers don't add up to the numbers with the broker. If one of the dat techies are reading this, could you get the silly thing to zero out and start over, rather than just running a balance sheet? That's enough from me I suppose. I am not hooked up to my fx book or anything like that ( I don't even think my broker hooks up to them) and I am still satisfied with the original broker. I've had issues with the fxcm in the past so stuck with mb trade. Have had no issues with them in the past so why change. Take the results of my attachments however you see fit. One acct has been running for almost a year before I disconnected it due to fear of margin call, and the other has been running for ten months or so. I have never interfered with the second one. Last but not least...am I that far out of the loop to not know what a dat 10 is? Where does one go for information on the updates if not the personal website they gave me, or am I missing something here? Thanks guys and best wishes to all of you

doubled

Charts for last week guys

I have 2 4xdat 5 year Licences for sale at $2500 each if any one is interested email me or skpe me [email protected]