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  • #441
  • Jun 7, 2015 8:55am Jun 7, 2015 8:55am
You made the right choice not to buy! I got 4X-DAT Feb 2014 by September my $10000 MB trading account was down to zero. I was told by company support that they are aware my account and working on it manually ($5000 balance/50%loss). I watched the account bleed down to zero believing the software's ability to trade it's way to profitability. This belief was based on the concept (trading in either direction without stop losses)and excellent marketing by that BUM GRAIG HARRIS. HE DISAPPEARED WHEN ACCOUNTS STARTED TO TANK.
  • #442
  • Jun 7, 2015 11:54pm Jun 7, 2015 11:54pm
Quoting Nikkit
You made the right choice not to buy! I got 4X-DAT Feb 2014 by September my $10000 MB trading account was down to zero. I was told by company support that they are aware my account and working on it manually ($5000 balance/50%loss). I watched the account bleed down to zero believing the software's ability to trade it's way to profitability. This belief was based on the concept (trading in either direction without stop losses)and excellent marketing by that BUM GRAIG HARRIS. HE DISAPPEARED WHEN ACCOUNTS STARTED TO TANK.
You are completely right that Craig Harris did excellent marketing job regarding 4X-DAT software and talked so many times about his good reputation so his disappearance at the end of last year for people like me who trusted him was very painful.
  • #443
  • Jun 8, 2015 2:58am Jun 8, 2015 2:58am
www.4xdat.co.uk

chart for the week guys
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  • #444
  • Jun 8, 2015 8:21am Jun 8, 2015 8:21am
r4xfanatirus - Appreciate your input here, I was not going to purchase until I had concrete evidence of a 4X-DAT success story that extends at least over a 2 to 3 year period

Quoting r4xfanatirus
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




I would put my money on it that everything that gets posted on any forum about 4X-DAT, even if not seen directly by J. Nemeth at some point will of been passed on in some shape or form by his own "support team" so if you see no changes to the website and/or marketing then you can assume that little is being done about the feedback.

Its only a matter of time before DAT 8 will look like 2 of the other previous demo's that are now showing nothing in the system yet the website still shows outdated balances as far back as Jan 2015.

like you pointed out most people will do plenty of due diligence prior to forking out 10k but its a shame for others who might have jumped in to early based on what was an excellent marketing strategy which must of costs £0000's to both develop and then deliver

So good luck to all that have invested here but I will continue to wait for the real success story
  • #445
  • Jun 13, 2015 2:40am Jun 13, 2015 2:40am
www.4xdat.co.uk

That time of week again for the charts. Not a good week at all.
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  • #446
  • Jun 18, 2015 6:38pm Jun 18, 2015 6:38pm
So that is the end of another 4xDAT strategy namely DAT Number 8, still running on the DAT software but god only knows why but it proves that the DAT software does not provide a true reflection of the broker account and also if you had put in 100k you would of course lost your money here are the figures anyway

Available Equity =-555,040
Margin Required = 297,116
Cash = -43176 not bad considering they supposedly started with a live 100k?
Floating Profit and Loss = -214,748 so even if brokers would allow credit you would of lost your original 100k plus a further 114k (be thankful they margin you out along time before this would happen.

So its clear that the DAT Software is not showing real live accounts and it was then I guess they are already down $0000,s for the development of the software plus all these 100k so called deposits that have wittered away.

I am surprised in a way that they did such a professional job of the marketing but cannot hide the fact that basically it is just not working in practice.

I guess there will be some more loaded saying we are trying some new settings etc. that are even more conservative than the previous conservative settings that will basically do the same thing but will basically take much longer to eventually blow your account.
  • #447
  • Edited Jun 19, 2015 4:43am Jun 18, 2015 7:47pm | Edited Jun 19, 2015 4:43am
I wonder what the morale of GLPT employees is at the moment. If any are viewing this forum, can they please comment.

I can see by looking at everyone's post that most accounts are down, even though the strategies applied are meant to be good in a Trend scenario. (and GBP/JPY is in a strong uptrend for the past 9 weeks) I would have thought that we would all be reporting Global Close after Global Close, unfortunately this doesn't seem to be the case. It seems that the software, no matter what strategy you use, closes trades in profits but lets losing trades run, waiting for a retracement or reverse in market momentum.

What do you think Zoopots??How are your accounts going?
Respect the inescapable certainity of Math
  • #448
  • Jun 19, 2015 12:56am Jun 19, 2015 12:56am
Quoting Philbot44
So that is the end of another 4xDAT strategy namely DAT Number 8, still running on the DAT software but god only knows why but it proves that the DAT software does not provide a true reflection of the broker account and also if you had put in 100k you would of course lost your money here are the figures anyway Available Equity =-555,040 Margin Required = 297,116 Cash = -43176 not bad considering they supposedly started with a live 100k? Floating Profit and Loss = -214,748 so even if brokers would allow credit you would of lost your original 100k...

This huge drawdowns have been going on since the beginning. Check out my post 45 from 10 months ago. At that time there were 4 out of 9 dats with around 100% drawdown. The info on there website is bogus since they seem to get away with unlimited drawdowns on there accounts. Clients accounts obviously would get margin calls. I tried my best to warn people about the danger using a system like fx-dat.
The RR is terrible, risking a margin call trying to make 1 or 2 percent. In my view in the long term you always will wipe out your account using this type of martingale systems.
They have scraped the money back guarantee' I am not even sure if they are honoring there original money back guarantee.
  • #449
  • Jun 19, 2015 8:24am Jun 19, 2015 8:24am
Quoting Sportspunter
{quote} This huge drawdowns have been going on since the beginning. Check out my post 45 from 10 months ago. At that time there were 4 out of 9 dats with around 100% drawdown. The info on there website is bogus since they seem to get away with unlimited drawdowns on there accounts. Clients accounts obviously would get margin calls. I tried my best to warn people about the danger using a system like fx-dat. The RR is terrible, risking a margin call trying to make 1 or 2 percent. In my view in the long term you always will wipe out your account using...
From a a logical structure the strategy seems to make sense. However, after losing $10000, my conclusion the 4X-DAT quickly takes your account to zero or slow steady draw down. Any way you look at the software results are negative.
  • #450
  • Jun 20, 2015 4:23pm Jun 20, 2015 4:23pm
Few ours ago I received email from Craig Harris who said:

"f Craig Here...

Hope you have been doing well.

I just recorded a video updating you on how things are going with the 4X-DAT
and also share something my Partner has been working on for the last
8 months.

If you don't know anything about the 4X-DAT don't worry because you for
sure will want to hear what we have been up to the past 8 months.

Lately I've been taking care of family and spending lot's of time with my
grand daughters, they are just too cute.

With regards to trading... things have been going well, I've been back in the
lab doing some homework and have been looking at the Stock Market.

Technical Analysis is the same no matter what Market you are trading.

BUT I REALLY LIKE how the Stock Market is Regulated and how it's a lot
safer for the consumer.

More on the Stock Market Later.."

I just cannot believe that he is preparing to market another project where he completely ignored in last 7 months people like me who trusted him last year and lost a lot of money.
It is really embarrassing that these kind of people still exist in trading industry.
  • #451
  • Edited 7:28pm Jun 20, 2015 7:09pm | Edited 7:28pm
Hello,



Here is some Q&A: (might be helpful)




Concerning the Strategy 8 Hybrid, what you see on the ReadOnly DAT8 is based on a demo account: Here is my question and their answer:



-The Avl. Equity of DAT 8 is -555096. Since it can only go negative to a small degree, how can the software continue to run without the broker intervening?


4X-DAT Support's Answer:



-The DAT 8 run on our own demo broker and thus can go negative, which is to show the true possibility of trading. A live account would be in trouble.




Also, here's another answer concerning DAT 8 asking why DAT 8 is not available:
-We have just received a message from our technical group. Unfortunately, strategy 8 is not available for anyone until further notice. It can experience significant draw downs. With the margin change, management has made this not available at this time. We will let you know when it becomes available again. Sorry for the inconvenience.



I have asked them if DATs 1,2 and 5 are available..
Their answer: For now we are asking people to use the DAT 11.



Another one: Do you have any money back guarantee or refund policy?

Answer:
I am sorry, No refunds !! No guarantee! ! It is against FXCM compliance policy. The broker does not allow that to be offered.
My advice is for you to wait for the new broker and send us an email the first week if July and we can provide more information.


---------------------------------------


Also, comparing DAT 5 with DAT 11:

I think DAT 5 is their best strategy. Though ..sometimes.. you may wait for some days until Global Close, DAT 5 uses much less equity because it opens less trades at a time(observe Global Open Deals) and consequently uses less margin than DAT 11. DAT 11 may have Global Closes sooner than DAT 5, however, it opens almost
two times more trades than DAT 5 which increases the risk. I think "longer with less risk" than "quicker with risk" is better.


What are your thoughts on these?
Has anybody uploaded DAT 5? What's your results?
Why 4X-DAT only recommends DAT 11?


thank you
  • #452
  • Jun 22, 2015 12:57am Jun 22, 2015 12:57am
www.4xdat.co.uk

Disaster's week this week and the market as been in in a big trend, which should be giving clobel closes as that's what this is so posed to be built for
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  • #453
  • Jun 22, 2015 2:05am Jun 22, 2015 2:05am
Attachment
Hi All

As you can see my account DAT 11 is massively drawndown. At this point I have around $1000 of usable margin left. I have short trades outweighing long trades by 5 to 1. With an uptrending market likely to continue it's only a matter of days before I get a margin call.

I had the following communication with Dat support:

On Wed, 17 Jun at 2:55 AM , Marshall Sanderson <[email protected]> wrote:
Hi Tom

Can you please have a look at my account. Below is my situation.Only 2 months trading and I really cannot see a way out of this without getting margin called. To be sitting in this position -$7000 Gross P/L down for an initial account balance of $7500 is just ridiculous. And all this effort to make only $50 is just madness. I never expected this to happen. I have so much exposure to the short side, with the market trending long, I don't see any way out.

What can I do here to save my account? Please help me? P.S adding additional funds is not an option.

And the reply:

Hi Marshall Sanderson,

Ticket: http://support4xdat.freshdesk.com/helpdesk/tickets/9175

We can not give advice on trading since we are not brokers. Please contact Anthony Oropeza our introductory broker on trading. He can be reached at [email protected].
I can assist in the software and assist you and Anthony on the direction you need

Best Regards and Thank you,
Tom at 4X-DAT Support

I sent this email to Anthony Oropeza and have not received a reply.

I'd rather die by 1000 cuts than loose 000's dollars in one hit.

Love to hear anyone's ideas here!Attachment Attachment
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  • #454
  • Jun 22, 2015 4:45am Jun 22, 2015 4:45am
Quoting marshsando
1699932 Hi All As you can see my account DAT 11 is massively drawndown. At this point I have around $1000 of usable margin left. I have short trades outweighing long trades by 5 to 1. With an uptrending market likely to continue it's only a matter of days before I get a margin call. I had the following communication with Dat support: On Wed, 17 Jun at 2:55 AM , Marshall Sanderson <[email protected] ("[email protected]")> wrote: Hi Tom Can you please have a look at my account. Below is my situation.Only 2 months trading and I really cannot...
Hi Marsh

My account was in the same position. The feed back from support was the same nonsense you got. My account was complicated by the fact that some one (not me) had opened manual deals against the market trend. When I questioned this I was told it was Joseph, and part of the recovery process, however these two trades are now the reason my account is so far in debit. After talking to Antony Oropeza, who I found helpful, I have taken control of the account myself. My plan is to slowly recover the deficit, to these ends I have added more positions and are currently net long. The drama of course is because of our time zone trading the NY market is difficult (and stressful) I was hoping the DAT would be a hands off trading option
Respect the inescapable certainity of Math
  • #455
  • Jun 22, 2015 5:20am Jun 22, 2015 5:20am
I have analysed DAT 11 and I find it risky because if the market trends for a long time, which is very capable of, and doesn't reverse, you can run out of equity because it can leave open positions unattended even 250 pips below the current price or more, which they are supposed to close on Global Close. But that will happen only if the market reverses to a certain point. It leaves a window of risk open. It should be traded with less leverage than it is now. I'm sure they have better strategies to recommend than this one..!
  • #456
  • Jun 23, 2015 5:46am Jun 23, 2015 5:46am
Special Announcement: Affiliate Program Ends Today
View this email in your browser
https://p.pform.net/b/iYEA6EAXD-6Fzh...wjHwzMHPNqKMo,

Unfortunately, today we must announce the closing of our affiliate program to new affiliates.

It has come to our attention that there have been some major abuses of our affiliate program. Forex Capital Markets (FXCM), the main brokerage with which the 4X-DAT has been integrated, recently discovered these abuses. Subsequently, their Compliance Department issued the ultimatum that we either end the affiliate program, or face disconnection of our software with their platform. Disconnection of the software from FXCM's platform would be disastrous for traders with open trade sequences, as the software would not be able to manage their open trades for them. We simply could not let this happen to our traders and we were, therefore, forced to end the affiliate program.

What Does This Mean?

Existing affiliates will still be affiliates, and will still be able to sell software licenses within the same compliance guidelines that have been in place, up until this point. You will still be able to login to your back office as usual. There will, however, be no additional affiliates that will be permitted to sign up.

The Good News

As you may be aware, we have been working on developing our software as the first fully automated Forex trading platform in the World, for a new brokerage with which we are developing a strategic partnership. At our request, this new brokerage (the name of which will be unveiled when the integration is complete) is developing a partnership program. This program will offer entrepreneurial minded folks the ability to collect commissions for referrals made to the brokerage. Details will be presented by the brokerage as information becomes available.

Thanks to each and every one of you for your understanding and support as we enter a new era for GLPT and the 4X-DAT technology. We are looking forward to unveiling the developments we have been working so hard to complete and more importantly, we are looking forward to bringing you greater opportunities in the weeks ahead.

Change is never easy, but is almost always worth it!


Best Regards,

Your GLPT Corporate Team

Notice: This message, including any attachments transmitted with it, is for the exclusive use of the specific individual or entity to whom it is addressed and may contain information that is proprietary, privileged, confidential and/or exempt from disclosure. No confidentiality or privilege is waived or lost by any mistaken transmission. If you are not the intended recipient, you are hereby notified that any viewing, copying, disclosure or distribution of this information is prohibited. If you believe you have received this message in error, please notify the sender immediately by reply electronic mail or telephone and delete the message and attachments without making any copies.
  • #457
  • Jun 26, 2015 3:09pm Jun 26, 2015 3:09pm
Here is another one:
"Notice to Traders: FXCM Is Changing Margin Requirements Again!
View this email in your browser
https://p.pform.net/b/iYEA6EAXD-6Fzh...wjHwzMHPNqKMo,
Warning! FXCM is Moving The Goal Posts Yet Again!

This may impact any strategy(s) you have currently running. Click Here to read the FXCM notice.

Please remember that if the new margin requirements are of a concern to you, you are welcome to evaluate your options for smaller trade sizing with your Introducing Broker.

Please keep in mind that we are only a software provider and are not qualified to offer trading or investing advice. However, we have employed the services of a qualified introducing broker - FX Global Services, to provide the type of advice that we cannot offer. This service is made available at no cost to you.

Interested in Reducing Your Contract Size or Switching Strategies?

Your Introducing Broker is available and ready to help you weigh your options for reducing your contract sizes, and the 4X-DAT support team can make the changes you require when you're ready.

For more information and advice, please contact your Introducing Broker, Anthony Oropeza at FX Global Services, Inc. at 718-360-4842 or by email at [email protected].

New (BS-Free) Brokerage Option Coming Soon!

In light of the fact that FXCM continues to move the goal posts and change the rules on us, implementing a margin call procedure that is the most unorthodox of any procedure we've ever encountered (closing all open trades rather than closing just enough of a position to free up the necessary margin), we have been working with a new brokerage to offer a trading solution free from the hassle of constant rule changes.

Stay tuned!


Best Regards,

Your GLPT Corporate Team

Notice: This message, including any attachments transmitted with it, is for the exclusive use of the specific individual or entity to whom it is addressed and may contain information that is proprietary, privileged, confidential and/or exempt from disclosure. No confidentiality or privilege is waived or lost by any mistaken transmission. If you are not the intended recipient, you are hereby notified that any viewing, copying, disclosure or distribution of this information is prohibited. If you believe you have received this message in error, please notify the sender immediately by reply electronic mail or telephone and delete the message and attachments without making any copies."
  • #458
  • Jun 29, 2015 5:17am Jun 29, 2015 5:17am
www.4xdat.co.uk

Last weeks chart
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  • #459
  • Jul 4, 2015 8:38am Jul 4, 2015 8:38am
Quoting Matt1970
Few ours ago I received email from Craig Harris who said: "f Craig Here... Hope you have been doing well. I just recorded a video updating you on how things are going with the 4X-DAT and also share something my Partner has been working on for the last 8 months. If you don't know anything about the 4X-DAT don't worry because you for sure will want to hear what we have been up to the past 8 months. Lately I've been taking care of family and spending lot's of time with my grand daughters, they are just too cute. With regards to trading... things have...
Unfortunately trading industry is full these kind of people like Craig
  • #460
  • Jul 4, 2015 7:39pm Jul 4, 2015 7:39pm
Hello guys, very nice thread i have come across. i have read almost all the analyses, experiences, opinions and results you shared here.
i know nothing about Dat11, but Dat8 now is working for me and showing good results. Thanks
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