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4X-DAT

  • #381
  • Apr 14, 2015 2:56am Apr 14, 2015 2:56am
Hi Muz

No not yet. The tech guy from FXCM got back to me and wants me to send him the documentation for the software and a better understanding of how it all works. I'm really not sure what to give him.

I figured there was going to be a glitch or two setting this all up but not to this extent. Has it been this difficult for anyone else? More importantly if anyone did have issues connecting can you please post how you solved the problem?

Marsh
  • #382
  • Apr 14, 2015 5:59am Apr 14, 2015 5:59am
Quoting marshsando
Hi Muz No not yet. The tech guy from FXCM got back to me and wants me to send him the documentation for the software and a better understanding of how it all works. I'm really not sure what to give him. I figured there was going to be a glitch or two setting this all up but not to this extent. Has it been this difficult for anyone else? More importantly if anyone did have issues connecting can you please post how you solved the problem? Marsh
I got my account active status from FXCM on 15/9/14 and connected to Global Tech 4XDAT on 18/9/14. So not much of a delay. Sorry Marsh cant be of much assistance in this instance
Respect the inescapable certainity of Math
  • #383
  • Apr 14, 2015 6:10am Apr 14, 2015 6:10am
Hi Muz.

Something just occurred to me. My dat account has no strategy loaded into it due to extremely poor email conversation.

This might be a dum question, but does the harvester need a strategy loaded into it to be able to link and start trading with FXCM?
  • #384
  • Apr 14, 2015 7:00am Apr 14, 2015 7:00am
Quoting marshsando
Hi Muz. Something just occurred to me. My dat account has no strategy loaded into it due to extremely poor email conversation. This might be a dum question, but does the harvester need a strategy loaded into it to be able to link and start trading with FXCM?
It definitely needs a strategy before it will start trading. To check strategy .... log into 4XDAT,,go to Harvester...there should be about 20 different harvest settings established. If not then you should get back to support ASAP
Respect the inescapable certainity of Math
  • #385
  • Apr 16, 2015 1:00pm Apr 16, 2015 1:00pm
Quoting marshsando
Hi Muz. Something just occurred to me. My dat account has no strategy loaded into it due to extremely poor email conversation. This might be a dum question, but does the harvester need a strategy loaded into it to be able to link and start trading with FXCM?
Welcome to the thread Marsh,

See Post 62 to check if support has loaded a Strategy yet. I have three accounts up and running and on the third account, it took support a loooonnngggg time to get my 4X-DAT password squared away. Have Tom try and log into your account to see if everything is good on GLPT's end. Try Skyping him since you're in Australia (I believe). (Skype: thomas.barr6123) He is often shown as "offline" though he may be monitoring his screen. I have found that historically the problem is not with FXCM or the IB.

Z
  • #386
  • Apr 16, 2015 1:07pm Apr 16, 2015 1:07pm
GC on account #2 this morning:

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  • #387
  • Apr 16, 2015 9:48pm Apr 16, 2015 9:48pm
So from today webinar from Craig, I have the feeling that most of the problems ( Large DD) come from over leverage and the FIFO rule, FIFO is only applicable inside the USA. So for anyone outside the U.S i.e. UK and Aus how have your account's been holding up? Would you agree with Anthony reasoning as he has stated 80% of all the account are profitable. So the question is do you go to the new brokerage 4X-DAT is setting up or stay with FXCM. Time will tell all.
  • #388
  • Apr 18, 2015 1:57am Apr 18, 2015 1:57am
Friday again this weeks charts.

  1. I have 2 4xdat 5 year Licences for sale at $3000 each when you think that direct from the 4xdat site 4X-DAT 3 Year License - Retail: $5,980 then its not a bad deal, if any one is interested email me or Skype me [email protected] I NOW ONLY HAVE ONE LEFT

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  • #389
  • Apr 18, 2015 1:59am Apr 18, 2015 1:59am
Quoting Goforit
So from today webinar from Craig, I have the feeling that most of the problems ( Large DD) come from over leverage and the FIFO rule, FIFO is only applicable inside the USA. So for anyone outside the U.S i.e. UK and Aus how have your account's been holding up? Would you agree with Anthony reasoning as he has stated 80% of all the account are profitable. So the question is do you go to the new brokerage 4X-DAT is setting up or stay with FXCM. Time will tell all.

Don't FXCM have servers out side US that don't do FIFO rules?
  • #390
  • Apr 19, 2015 6:29pm Apr 19, 2015 6:29pm
Correct UK/AUS, however in the event of a margin call all FXCM broker close account position the same way and that's what caused a large drew downs with same accouny along with to much leverage. i.e FXCM had closed position and 4xdat didn't know so ineffect traded as if the accounts still had open positions. My interest lies in the GLPT new brokerage as the rep on the Colin's webinar hinted, there brokerage is designed to let the 4x-dat trade the way it should.
  • #391
  • Apr 20, 2015 12:40am Apr 20, 2015 12:40am
Quoting budwiser27
{quote} Don't FXCM have servers out side US that don't do FIFO rules?
My understanding from Craig Harris and GLPT videos is that the open orders do not show up at the brokerage, only the net position. This was how they explained away the problem of FIFO at the start . Therefore it shouldn't be a problem. I haven't seen the new webinar yet as its not posted on Craig web site. I'm looking forward to catching up, since the last update was November last year when his account tanked.
Respect the inescapable certainity of Math
  • #392
  • Apr 20, 2015 2:30am Apr 20, 2015 2:30am
Quoting Agent Orange
{quote} My understanding from Craig Harris and GLPT videos is that the open orders do not show up at the brokerage, only the net position. This was how they explained away the problem of FIFO at the start . Therefore it shouldn't be a problem. I haven't seen the new webinar yet as its not posted on Craig web site. I'm looking forward to catching up, since the last update was November last year when his account tanked.
Craig said the recording didn't work so he wont be posting this one
  • #393
  • Apr 20, 2015 3:00am Apr 20, 2015 3:00am
Quoting budwiser27
{quote} Craig said the recording didn't work so he wont be posting this one
I'm sorry if I seem sceptically about that response (Craig's, not yours) But the guy does webinars and videos for a living, and he or Dexter forgot to push the record button...........please
Respect the inescapable certainity of Math
  • #394
  • Apr 20, 2015 7:39am Apr 20, 2015 7:39am
Hi Zoo

Thanks for the welcome. I finally got connected. Strategy 8 moderate should be loaded into my account (fingers crossed) in the coming days and trading should commence. In relation to a post a few months back, did you end up communicating with pipjammer the dat techy via skype as you requested and if so did he shed any light on any matters/concerns that have been addressed in the past month or 2 regarding how corporate are progressing.

As a new trader I feel support is paramount for me at this stage and was wondering if you have heard of any improvements there?

Marsh (Australia)
  • #395
  • Apr 20, 2015 12:40pm Apr 20, 2015 12:40pm
I've got a question for Agent Orange. It looks like you have been using Strategy 8 Hybrid since September 2014. Are you still getting good results from this strategy after your margin requirement went down to 50:1? Are the screen shots you've posted your actual results or what the 4X-DAT software reports to you? Also, Is your strategy set for Conservative, Moderate or Aggressive risk? I know these are a lot of questions but I am curious as (on paper anyway) it looks like you've had pretty good results with the software.
  • #396
  • Apr 20, 2015 6:31pm Apr 20, 2015 6:31pm
Quoting Fleetfoot
I've got a question for Agent Orange. It looks like you have been using Strategy 8 Hybrid since September 2014. Are you still getting good results from this strategy after your margin requirement went down to 50:1? Are the screen shots you've posted your actual results or what the 4X-DAT software reports to you? Also, Is your strategy set for Conservative, Moderate or Aggressive risk? I know these are a lot of questions but I am curious as (on paper anyway) it looks like you've had pretty good results with the software.
Hi Fleetfoot

I am still using Hybrid 8 strategy, moderate/aggressive risk. My Myfxbook results are tied to my account at FXCM, not on the 4XDAT software. However.....I'm not sure my results have been that great. Firstly I started with $5k, but got a margin call from FXCM when the Swiss Franc revalued, so had to put in another $5k. Secondly my Profit shows $16,996 a gain of $6,996 on my $10k account. This looks pretty good, and I would be very happy with this if this was the true picture. But.... my Equity position is currently $9356, a loss of $644, on my $10k. Remember though, that DAT 4 is still in a sequence of trades and the next Global Close will bring my equity back to profit (last GC was 5 Dec 2014). I think my next Global Close will bring my true balance to around $12.5k
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Respect the inescapable certainity of Math
  • #397
  • Apr 20, 2015 7:33pm Apr 20, 2015 7:33pm
Quoting Agent Orange
{quote} Hi Fleetfoot I am still using Hybrid 8 strategy, moderate/aggressive risk. My Myfxbook results are tied to my account at FXCM, not on the 4XDAT software. However.....I'm not sure my results have been that great. Firstly I started with $5k, but got a margin call from FXCM when the Swiss Franc revalued, so had to put in another $5k. Secondly my Profit shows $16,996 a gain of $6,996 on my $10k account. This looks pretty good, and I would be very happy with this if this was the true picture. But.... my Equity position is currently $9356, a loss...
Thank you for your speedy reply. Your chart brings up a few more questions. It looks like there should have been Global Closes around the end of February or early March and again around April 13. Any idea why that did not happen? Also it appears from the chart that your growth line had 3 steep declines, one in November, one in December and one in February. Was this from some kind of an adjustment or withdrawals or something else? And how would you explain the difference between the balance on your chart of $16,996 and your estimated balance at the end of your next Global close of $12,500? Would this be due to the $1 trading fee that GLPT takes out on all closed trades or is there some other explanation. Also, would you say the 12.31% average monthly gain reported with your chart is accurate? Thanks again for your help on this. I'm just trying to wrap my head around it all.
  • #398
  • Apr 20, 2015 8:09pm Apr 20, 2015 8:09pm
Quoting Fleetfoot
{quote} Thank you for your speedy reply. Your chart brings up a few more questions. It looks like there should have been Global Closes around the end of February or early March and again around April 13. Any idea why that did not happen? Also it appears from the chart that your growth line had 3 steep declines, one in November, one in December and one in February. Was this from some kind of an adjustment or withdrawals or something else? And how would you explain the difference between the balance on your chart of $16,996 and your estimated balance...
Hi Fleetfoot
The Chart does suggest a few extra Global Closes, but the realty is different, probably because of the on going cost that GLPT charge. I have had 4 GC to date and each one has been a different amount. According to my Open Deals window I need a further $2k for my next GC. I estimate this will take my equity to the $12.5k figure I quoted.
As to the 12.31% growth for the monthly figure, this is based on the Closed deals (Profit), not my equity.
My DAT is in AUD not USD, so I think this is why there is so much difference between Equity and Profit. I think the DAT converts AUD into USD to trade therefore makes it harder to get GC as the AUD has been devaluing.
Respect the inescapable certainity of Math
  • #399
  • Apr 20, 2015 10:46pm Apr 20, 2015 10:46pm
For those who may want to do deeper research into the viability of GLPT:

http://www.otcmarkets.com/financialR...GLPT&id=135186

And also the link below...especially the narrative on page 4:

http://www.otcmarkets.com/financialR...GLPT&id=135181

Z
  • #400
  • Apr 22, 2015 5:30am Apr 22, 2015 5:30am
Hi All

As a newbie to recently start trading with the dat it seems a few things have changed in recent times in regards to strategies. After reading through this forum and seeing how you have all performed with your various strategies I decided to request strategy 8 hybrid moderate which is one of the better performing strategies that I can see with a minimal starting balance. This information was given to support and upon my harvester being loaded I received a strategy called 4xdat11 (cons.).

I received the following info via email:

The DAT 11 is a hybrid that is not as aggressive as the DAT 8
The DAT 8 has over 150 harvester and each harvester has its own trade recovery. AS such this strategy can open over 150 trade each with it own recovery which could result in 300 plus trades. Thus the reason for a minimum of 20K for this strategy. With so many trades open the drawdown potential is high.

The DAT 11 is similar with only 40 harvesters. With trade intervals of 15 PIP, reducing the amount of drawdown on the account.
It has the Zone trading trade recovery starting at 150 pips
You lot size for each trade is 0.2minis.

Has anyone else on the thread got this strategy loaded into their harvester. If so, I would love to hear how it is performing for you.

The strategy has been trading for almost 24hrs and has had 1 global close.

I have set up myfxbook and will post updates regularly.

Cheers

Marsh

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