4X-DAT

Thanks. Good to know.

darrenliux

I might be interested in purchasing the licence how can I get in touch with you outside this forum?

Thanks

Phil

Bud,

Made some mistakes with the data I previously posted when I downloaded from $X-DAT, I will re post when I have re-analysed again sorry

Ok I have had another look at the DAT 8 data and done some analysis as below;

Having downloaded the closed deals data I have produced 2 graphs as follows;

1. Balance based on the cumulative profits made each week on top of the original 100k deposit
2. Plot of the cumulative profits also showing the profit and loss for each of the weeks since trading

Here is where I am wondering why the current cash balance of 122k plus the floating profit of currently 15k which gives a total of 137k is not reflected in the above current final balance of what should be 338k (or lets say less 10% of this as what is shown in DAT never actually gets fully deposited into the broker account due to charges etc so we would have a closing balance then of lets say approx. 300k in reality.

Now having looked at the 10 deals that are currently open they are showing what you might say is a drawn down of 160k at present so if we take this away from the 300k we would be left with 140k which is roughly the balance shown by the broker as shown above.

I think one of the issues with the DAT software is that it is not very good at presenting the data i.e. it is not so easy to work out your current overall position of all the harvesters which would allow you to keep track of your drawdown positions on a day to day basis although screenshot 1 gives some idea of the size of drawdowns over the weeks it has been trading but difficult to show the current draw down until the we get closures.

Screenshot 3 shows the total Profit or loss per week based on the weekly closure data whilst screenshot 4 shows the same based on the week the trades were opened whose data may help in seeing where the DAT8 is not performing very well when comparing this to the Forex Chart of GBP/JPY during the same period.

Screenshot 5 I think you will find even more interesting as this shows where the profit or losses have been made based on how the harvesters have been closing trades.
Trialling stops and opposite direction deals seem to have generated the majority of the profits whilst the 3 close all deal types have generated the majority of the losses. Agreed this is how it ought to work in that the opposite direction trades are constantly being closed until such time that when these are offset against the close all deal i.e. x more of these to close all deal then the close all deals will of course be closing all the trades that have gone the wrong way I suspect.

The final screenshot is for information as to how many deals are being closed each week which may also help with the correlation of the forex chart patterns to see if it is performing well on trending or ranging etc.

There are a number of other ways to analysis this data which is to look at the profit and loss against each harvester which I will do over the next few days to see which is preforming the best/worse as they are all somewhat different but this may take some time as I will have to extract the variables from the harvester manually in order to achieve this goal.

Hope you all find this data useful and if there is any other ideas or anything you would like me to analysis further please let me know.

Found a quick way on analysing all the 10 deals set up in DAT 8 and have attached below along with a summary of the settings used by the DAT 8

I have added the profit made to date and then looked at the current drawdown as a % of this profit

For some reason deal 4 is performing the worse as only produced a small profit to date of 1500 but is currently showing a DD of 12000

Strangely apart from deal 1 set at 300 pip profit it is the higher pip profit deals that have performed better and yet as today still have DD less that 50%.

Of course all this could change for the better or worse so I will be keeping my eye on this one for the time being as this is claimed to be the better of all the DAT harvesters on their website

One final comment does anybody have any info on the comment made regarding the recent issue with servers (see below) was this when they last updated the website which was way back in January i.e week 4 when the loss was 160k or is it related to a recent issue with the server that is causing the current DD?

Hi Philbot44

You have done a good analysis of your DAT, however did you actually say what your current equity is?. I only ask because my DAT shows growth of 166%, however my true Equity (amount of funds I would receive if I withdrew money from my Broker) is $7279 a loss of $2,721. Plus I have not had a Global Close since December 2014, over 6 months ago. I am starting to get frustrated with this strategy.

Hi

I just had a quick look at the 4X DAT 8 Strategy Broker Account. ( you can look at this by logging in as 4X-DAT with the same password).

The strategy is currently in a $74k drawdown with present balance of $122k

I never realised there was a complete summary of open orders at the top of the list cheers. I am not sure why your equity is not in sync with the rest of your figures it does seem strange?

At present I do not have a software licence so I am not trading just monitoring the accounts on the website but I intend to analyse the data weekly for all these accounts and produce a graph of each one that tracks performance at regular intervals rather than trying to view this occasionally which does not help in recording the types of drawdown that we are getting over a period of time.

For current end of week drawdown I am only using the "Profit Needed to Close All Deals" as I am assuming here that the positive part of these deals is already included in the cash balance at this time if we can all agree on that one?

I have started with a summary as below nb. I am still including DAT 1 & DAT 5 in my summary sheet which look like they have now been discontinued maybe a blown account but there is no information on this on the website about there disappearance which to me seems strange in that they cannot be bothered to provide an explanation and/or update their website since the last update of over 4 months ago and say what happened to these accounts.

Will plug these weekly figures into my graphical analysis for all the DAT's running every Sunday and post in the format below as this will compliment the post that the other live traders are posting on this thread too.

The example below has the true figures in for last week Sunday close week 22 but the following weeks have been made up for now to give you an idea of how it will be presented over the coming weeks.

Appreciate if someone could check my figures in the spread sheet in particular the formula in column L & M which ultimately provides what we are looking for at the end of the day.

Thanks

Well I think we will be lucky if we are still trading on DAT 8 next Sunday as it seems the GPB/JPY has moved even further in the wrong direction today and even if it was topping out it has slammed in a large number of longs at this new high level too.

I am still amazed how that can be possibly still trading with the brokers looking at the current stats which shows.

Cash Balance 117312 Floating Profit -28902 so actual cash balance is now 88410

The open deals shows it is down to -194263 and requiring a profit of 126672

Margin required is way in excess of the cash balance = 163541

Whilst available equity is way in the negative i.e. now showing -73837

Would this still be trading now or have been margin called, your guess is as good as mine but we shall find out soon enough no doubt.

@ Budweiser, how is your account doing at the moment is it following a similar pattern? Suppose you maybe ok as you started as a different time as the demo account so perhaps not entirely in sync with what is going on with this account.

www.4xdat.co.uk
chart as off 1 min ago.
I don't understand the tech side of it I just let it do its thing.

www.4xdat.co.uk

Looking at the open deals it was strong to the long side but after just checking now it has started to balance out to more or less even long or short if that makes sence.
I'm talking about the lot size

I have a 20 year license for sale if any ones interested. Private message me, and I'll get back to you

Cannot see where you can do private messages?

Hi Goforit

Your personal settings prevent me from replying to your query. Please change them or email me at [email protected]

Hi Philbot

If you click on to your user name, it should take you to you profile page. Half way down this page on the right side should be your Mailbox

I think that the best strategies are DAT-10 and DAT-11. Looking at the histories they have an amazing number of global closings, which give you profit and keeps low drawdowns

Hi ok I have enabled that in my profile now

www.4xdat.co.uk

Chart for the week guys

Just thought I would post an update on the demo DAT8 figures.

available Equity -144854 Margin required 210326 cash 94849 P/L floating -31040

Think I am beginning to understand now that when Available Equity is > Margin Required the account is more or less finished.

Something that also seems strange here is if you go to the open deals and look at them individually the summary is shown in Red and all negative

But if you look at the Open deals as a total it shows positive balances and the colour of course is green so how can this be?




2nd June Update - Cash now down to 22k from original deposit ok 100k so sever drawdown here

available Equity -133796 Margin required 158615 cash 77664 P/L floating -52845


Now has 278 deals open with 25 of these trades +500 pips in the red with significant profit required to close all deals
Total open deals: 278 Total open miniLOTs: 1720.3 Total PIP P/L: -333892 $160713.6696 Profit needed to Close All Deals(2): $187027.4333

Hello everyone

I was strongly considering buying the 4x-dat software. After studying the software for over some few weeks by watching every video available out there and reading about your experiences with it, I have been contacting 4x-dats (and FXCM's) technical support for some Q&A exchange. Here are some VERY IMPORTANT facts for you, who are considering buying or already bought the software and still have high expectations (PLEASE ALWAYS THINK OF WHAT IS BEING PROMISED, I REAPEAT, PROMISED! TO US AT THE 4X-DAT WEBSITE WHEN READING EVERY SINGLE ONE OF THIS POINTS and actually MY ENTIRE POST, THANK YOU):

- there is no warranty whatsoever (no 12% warranty as mentioned before in this thread)
- the only broker they offer is FXCM (the "only" one, makes you question why they discontinued with the second one. BTW, FXCM is really good, nothing against them)
- they are working hard to bring a new broker for all international customers (non US I guess). The reason is: FXCM usually closes ALL trades at once (which is a killer for 4X-DAT.
- there are no DEMO accounts you can run to test your strategy
- you have no chance of testing the read only and your customized strategies via a SIMULATOR (as in some Nemeths videos)
- they strongly recommend you to use Strategy 11 (hybrid). When you specifically ask what parameter configuration makes the 11 so great when compared to others, their reply is only it leads to less DD (an extremely poor and unquantified answer)
- there is no manual available that could help you learn how to program your own strategies

I also asked about statistical data of success rate by customers, but couldnt get any. The poor reply was: we are not allowed to publish customer names. Poor because you don't need names, you need numbers.

From previous posts, I also recognized that:

- some lose, some win (again, think of what is PROMISED to us on the 4x-dat website)
- no particular strategy seems to be better than the other
- there is HUGE slippage between FXCM and 4x-dat software, leading to substantial profit losses/or DDs
- even if the same strategy is used by two persons having the same amount of initial equity, results very due to the different time of entry
- 4x-dat keeps on developing better strategies with less DD
- It is not true that the strategies don't generate margin calls
- even Craig Harris lost huge amounts of money on it (ok, with 2% profit target)
- even a profit target of 1% generated a margin call
- support does not answer or ignore your questions
- unqualified, poor answers/support from 4x-dat support (they are actually lightyears away from the quality of FXCM support)
- the read only strategies are not easy to understand or simply not meant to be understood. For instance, you cannot calculate the draw down at any given point with the information on the closed deals window, making it impossible to truly judge a strategy by its level of aggresiveness (which is defined as the level of potential DD of your account in %).

After few weeks (fortunately), I have come to the conclusion that there is absolutely no doubt that 4X-DATs software (which we should not forget is priced at 10k USD and which promises huge financial gains) is deep in development (at technology readiness level or TRL of 3-5 if not 1-3).

Without any warranty that the software will work i.e. is not just about pure gambling, I have decided to step back (way back) and wait until 4X-DAT development matures and the software truly delivers as promised (remember, we are PROMISED a lot from the website)

By looking at all 22 pages in this thread, I conclude that in order to consider 4X-DAT to be a sound investment, the following demands must be fulfilled by 4X-DAT:

- a higher level of consistency between what is offered and delivered software backed up by statistical data and not just read only strategies, which are nothing more than mere black boxes due to the unknown draw down statistics since opened.

- a software that is perfectly synchronized with FXCM (guaranteed by 4X-DAT through warranty policies, no slippage, no excuses (only if its really FXCMs fault))

- a manual or user guide for the software with a step-by-step guide on how to develop own strategies according to our needs and risk tolerance

- the ability for customers to simulate 4X-DAT and own strategies over a period of at least five years (via a simulator using customizable first traiding days and times),

- a client support philosophy based on providing sound support

I dont understand how after so many years in development, they decided not to focus on these six points. Did they think people were not going to figure out all problems associated with the software?

Again, all six points need to be fulfilled by 4X-DAT. Other than this, we would be kidding ourselves in believing that this software is worth the risk of purchasing it and even more, of trading with your valuable money through it.

What course of action should we take now? I hope J.Nemeth could read my post. Do you happen to know how to make him aware of what people really want and are desperately looking for (my 6 points)?

I would be more than happy to read your replies.

Kindly yours,

r4xfanatirus