Multiplying 140x the balance of a live account in 30 hours | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

My Live Trades on my Live Account 588 replies

3 week demo account leading up to live account. 20 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Demo account versus live account. 19 replies

Attachments: Multiplying 140x the balance of a live account in 30 hours
Exit Attachments

Multiplying 140x the balance of a live account in 30 hours

  • #241
  • Mar 22, 2016 8:02am Mar 22, 2016 8:02am
Hi Haniam,

Your broker is down.. the web site not working anymore, I think you need to care about your money no ?
  • #242
  • Mar 22, 2016 8:51am Mar 22, 2016 8:51am
Quoting tunera
What's the point of continuing this, it has been already demonstrated that such gains comed out from cheating, and broker will never let you withdraw them. Crap
tunera, how is it possible to cheat a broker? Is taking profits of 1-2 pips is considered as cheating?Thanks!
  • #243
  • Mar 22, 2016 9:11am Mar 22, 2016 9:11am
It's news trading .. high volatility momentum trading... be totally neutral no bias .. flying by the seat of your pants...it's great to see some one trading the price .. yes it can be done ... in out in out trading the market.. or as the big banks wind sideways a flag pattern .. hanging in there with steely determination waiting for the big break out and when it does you've compounded up the lots ....this is what pro traders do on mostly swing trades ... take $10 $20 up to $100 and $200 profit in a session then bet the lot on the swing trade ..... this is the micro version ... but it can be more profitable ... and sleep easy with no open trades ... there is no way the EA this this is live trading .. high energy high focus .. I am sure this guy was a gambler or knows a pro gambler .... progressively increasing the stakes... means that you can win with a very low % win rate .. if you calculate you can sustain 10 consecutive loses and you get 30% ... well you will clean up ... losing is loaded into the plan ... so in out in out .. till the big move happens and when it does you are always in .. with the momentum.... the trick is that winners know when to quit .... and that is when the big move happens .... whether it is big money and not profit is profit .. the momentum is over is on hour or so .. take the money and run.....you can not teach this stuff and it can not be automated ... this is work ... lazy traders need to be able to marry fundamental ... with technical ..... sorry I am only commenting in a positive way ...no advise .. just well done to the host and encouragement to those reading it can be done
  • #244
  • Mar 22, 2016 9:25am Mar 22, 2016 9:25am
Quoting Wallaby
It's news trading .. high volatility momentum trading... be totally neutral no bias .. flying by the seat of your pants...it's great to see some one trading the price .. yes it can be done ... in out in out trading the market.. or as the big banks wind sideways a flag pattern .. hanging in there with steely determination waiting for the big break out and when it does you've compounded up the lots ....this is what pro traders do on mostly swing trades ... take $10 $20 up to $100 and $200 profit in a session then bet the lot on the swing trade ........
well said thank you for theclarification
  • #245
  • Mar 22, 2016 10:13am Mar 22, 2016 10:13am
Quoting mario777
{quote} tunera, how is it possible to cheat a broker? Is taking profits of 1-2 pips is considered as cheating?Thanks!
This technique is called arbitrage trading. You can google about it to have a thorough reading.
  • #246
  • Mar 22, 2016 10:45am Mar 22, 2016 10:45am
Some brokers forbid clients from arbitraging altogether, especially if it is against them. Always check their terms and conditions. Beware because some brokers will even back test your trades, to check if your profits have coincided with anomalies in their quotes.
Forbidding arbitraging is shortsighted in my opinion. Seeing a “no arbitrage” clause should raise red flags about the broker concerned. Arbitrage is one of the linchpins of a fair and open financial system.
Without the threat of arbitraging, broker-dealers have no reason to keep quotes fair. Arbitrageurs are the players who push markets to be more efficient. Without them, clients can become captive within a market rigged against them.
  • #247
  • Mar 22, 2016 4:47pm Mar 22, 2016 4:47pm
Quoting brian.jer
{quote} This technique is called arbitrage trading. You can google about it to have a thorough reading.
thx for that expression, i hear it for first time ...
So my question is - its that legal ? I think not, but its trading based on technical issue, so, can anybody prove it to you ? Thx for info ...
  • #248
  • Mar 22, 2016 5:43pm Mar 22, 2016 5:43pm
Quoting JohnyFX
{quote} thx for that expression, i hear it for first time ... So my question is - its that legal ? I think not, but its trading based on technical issue, so, can anybody prove it to you ? Thx for info ...
Arbitrage trading is like betting when you already know the outcome.

I dont think you will get jailed for arbitrage trading. But most brokers will refuse to let you withdraw money and ban you if they detect that you use arbitrage trading.
  • #249
  • Mar 22, 2016 5:47pm Mar 22, 2016 5:47pm
Quoting brian.jer
{quote} Arbitrage trading is like betting when you already know the outcome. I dont think you will get jailed for arbitrage trading. But most brokers will refuse to let you withdraw money and ban you if they detect that you use arbitrage trading.
How the broker can detect you?
  • #250
  • Mar 22, 2016 6:56pm Mar 22, 2016 6:56pm
Quoting haniam
{quote} In trading, if you wanna make money, you need to take a position... Who wants to watch will still be able to, but he would not be taken into consideration in the market, neither his further comments in this thread or related ones. {quote} Indeed waiting... {quote} You all can still vote. Poll will end tomorrow Mar 23. Don't know at which exact hour. For the time being, seems scam partisan need assistant... Any volunteer?
ok i vote and waiting
let's see
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #251
  • Edited 10:00pm Mar 22, 2016 7:04pm | Edited 10:00pm
Quoting chiche
{quote} How the broker can detect you?
I dont really know. But by common sense, when you run a broker business, you already know all the technical aspects about your trading platforms. The broker already knows that they have issues of data delaying. Therefore they must have already prepared for traders that would take advantage of that.

And its not that hard to spot arbitrage traders. Their trades always have the same patterns like extremely short duration, mostly on thin liquid times ....

This is one of the finest examples of how arbitrage trading works, 500k percent ( 500 000%) in just 1 month. What OP is doing is just peanuts compared to other Arbitrage EAs out there.

>> http://www.myfxbook.com/members/fxro...-robot/1562920

And of course, although he can multiply his account 30k times ( thirty thousand times) in just 2 months, he still has to sell his 'holy grail' EA to naive buyers for some hundreds of $$ instead of withdrawing his humongous trading profits.
  • #252
  • Mar 22, 2016 9:23pm Mar 22, 2016 9:23pm
Quoting brian.jer
{quote} I dont really know. But by common sense, when you run a broker business, you already know all the technical aspects about your trading platforms. The broker already know that they have issues of data delaying. Therefore they must have already prepared for traders that would take advantage of that. And its not that hard to spot arbitrage traders. Their trades always have the same patterns like extremely short duration, mostly on thin liquid times .... This is one of the finest examples of how arbitrage trading works, 500k percent ( 500 000%)...
Extremely short duration? Check the trades duration, there are some trades with more than 3 min open, that is arbitrage too?
  • #253
  • Mar 22, 2016 9:56pm Mar 22, 2016 9:56pm
Quoting chiche
{quote} Extremely short duration? Check the trades duration, there are some trades with more than 3 min open, that is arbitrage too?
During extremely thin liquid times ( New Zealand open, or when big news happens), the delay could last for minutes.

There could be other possibilities:
- The trader just adds some manual trades randomly
- The trader use multiple EAs simultaneously, so there will be arbitrage trades, and there will be normal trades

This is a common trick arbitrage traders use to fool other people and to help them when they try to scam the brokers. If they got accused of arbitrage trading, they will just point at the normal trades and say that they didnt use arbitrage trading at all.

Here is a thread about Forex.com refused to pay a trader who used arbitrage trading >> http://www.forexfactory.com/showthread.php?t=509987
  • #254
  • Mar 23, 2016 10:31am Mar 23, 2016 10:31am
Quoting brian.jer
{quote} During extremely thin liquid times ( New Zealand open, or when big news happens), the delay could last for minutes. There could be other possibilities: - The trader just adds some manual trades randomly - The trader use multiple EAs simultaneously, so there will be arbitrage trades, and there will be normal trades This is a common trick arbitrage traders use to fool other people and to help them when they try to scam the brokers. If they got accused of arbitrage trading, they will just point at the normal trades and say that they didnt use...
Thanks Brian. I understand now.
  • #255
  • Mar 23, 2016 1:19pm Mar 23, 2016 1:19pm
how do I vote??
any idea, any body.

thanks,
loveandpeace
  • #256
  • Mar 23, 2016 3:09pm Mar 23, 2016 3:09pm
Quoting loveandpeace
how do I vote?? any idea, any body. thanks, loveandpeace
Go to the first page and you will see it
  • #257
  • Mar 23, 2016 3:13pm Mar 23, 2016 3:13pm
yeah I know but where to click to
vote. I do not find any button.
  • #258
  • Mar 24, 2016 4:43am Mar 24, 2016 4:43am
Quoting haniam
... turning 28K to 50K would be more complicated than 200USD to 14K...
Could you explain this, haniam?
I get that it gets harder to scalp agressively with larger lotsizes because you start influencing the price and you literally 'pay the price' ie worse entries and exits, but is the effect so big that making 7.000% on small lotsizes is easier than making 'just' 100% on these larger ones!?
Please elaborate!
  • #259
  • Mar 24, 2016 6:47am Mar 24, 2016 6:47am
Quoting djk1
{quote} Could you explain this, haniam? I get that it gets harder to scalp agressively with larger lotsizes because you start influencing the price and you literally 'pay the price' ie worse entries and exits, but is the effect so big that making 7.000% on small lotsizes is easier than making 'just' 100% on these larger ones!? Please elaborate!

you cant influence the market price with 28k
  • #260
  • Mar 24, 2016 8:20am Mar 24, 2016 8:20am
Oanda just notified customers that this kind of trading (high frequency)will be charged.

11 (e). Special Handling for Large Transactions. If a Transaction or series of Transactions occurs in your Account which results in the immediate opening or closure of a Trade or series of Trades within a period of 10 seconds, in either case with an aggregate notional value that exceeds $100,000,000 USD equivalent in any major currency pair (e.g., a pair comprised of any two of AUD, CAD, CHF, EUR, GBP, JPY, USD), or $30,000,000 USD equivalent in any other instrument, then OANDA will. execute your Trade(s) at the price shown in fxTrade at the time of your Trade(s) and subsequently may debit or credit your Account for the difference between the price shown in fxTrade at the time of your Trades and an amount equal to 1.0-pip in excess of OANDAs actual volume-weighted cost of clearing such Trades. (Please see examples in Exhibit A attached hereto.)

I never figured out how Haniam traded (sometimes 10 trades per minute buy and sell) for 1 or 2 pips gain but it seems the brokers are closing the loophole.
Enter Signature
1 trader viewing now