broker has gone.

http://www.forexpeacearmy.com/forex-forum/forex-articles/20904-terminated-broco-wont-back.html

From CEO: Termination of Broco
Dear Clients of Broco group of companies!

Me, Valeriy Maltsev, CEO of the company, have to inform you about termination of Broco company from 00.00, July 25 of 2012 year.

From the previous week Ministry of Internal Affairs of Russia conducted search in “Broco” (requisition of equipment, interrogation) within the framework of criminal proceedings against Broco about suspect in fraud.

All suspects are based upon a few claims of our former clients who traded in the company in 2008 – 2009 and lost money in the result of trading.
All clients had been trading for months, did a lot of trades which is proved by trading statements.

One more charge is that we worked without license on that period of time (Russian Federal Financial Markets Service and FSC are not accounted for some reason) and that we could not conduct trades at international markets (ignoring work with ECN platforms CQG, NT, Currenex and case with SEC USA which testifies about 100% presence of clients' money on international exchanges)
For the last 2.5 years it was the 4th wave of searches in the company. Every such wave took away all work equipment, servers and part of trained employees who scared such actions. Every such wave made us lose our investors.

In every process there is a moment when we lose all our power to cope with efforts aimed to destroy the company. So do we.
Over the last 2,5 years upheavals experienced by the company were too big but every time we tried to recover all processes and tried our best not to make clients suffer. However SEC-related resonance, tough actions inspired by competitors, the last serious of bankruptcy of US prime-brokers and the last wave of searches taking away almost all resources drew a line under “Broco”

Till the last moment I supported and encouraged our employees in the hope that troubles will end and we can continue smooth work. We were not allowed to do so. From July 25 99% of Broco's staff will be fired. I know that there is no fault of them in this situation.

From July 25 we will stop activity of all companies framing Broco Group. Brokers and technical support will not be available. From 2.00 am Moscow time clients of the company can only close trades. On Friday all trades of clients will be closed.
Since there will be no access to support systems, we can only receive requests of clients in writing to the company's address. I will publish address and samples of documents. Personal area and web-sites of the companies will work till July 27.
Forum of the company will work on a permanent basis. Please monitor the news on it.

Broco is more than just a company for me personally. It is my life and therefore I ask all clients, affiliates, contractors and employees to forgive me. I did not manage complicated situation, despite the fact I did more than possible.
All important information will be published on forum.

MoM-1

today collected 52 pips Net with again ~6-8 pip SL
TP average is 43 pip

so basicly this is not a scalper. it is catching the big moves.

on the top of that it missed at least a 100 pip due to some conflicts. Will work on those.
walker


stevewalker posted:
today it collected

147 pips with 6 pip fix stop.
seems very good.

walker


stevewalker posted:
needs some fine tuning thenlive if goes ok.


stevewalker posted:
changed the TP calculation late night.

today
loss : 24 pip
profit : 70 pip

net profit : 46 pip

with only 6 pip stop




stevewalker posted:
after collecting data for MFE MAE for 4 days I started ( Demo first )

MoM-1 EA with
6 pip SL
34 pip TP
fix.

TP can be > 50 pip . will check and update if needed.

will see what will happen.

For those who have illusions about the 'market', TA and FA.
All simpler and cruder than you think!

'Why are market makers, dealers and brokers in the large black and take the money from the market?
If there is a movement, they know the source of this movement, namely:

1. The structure of the purchases or sales by Long and shorts. For example, what percentage of the total purchases for the day was to cover the shorts? It is very important infa. What is this? Shortskviz or visit the big players?

2. Who exactly is buying or selling? Small, medium, or large speculators, private long-term investors, hedge funds, the state, dealers and so forth. A simple example. IBM shares rose almost a year and did not fall despite the fact that it is on the financial performance is not that so good. And just recently we learned that the whole year bought IBM stock on the record volume of Buffett. Of course, the dealers knew this information already in the beginning of the purchases. If the increase in purchases of speculators is provided, it is not growth, but fake, and a reversal may occur at any moment. Therefore, this structure is also a very valuable infa.

3. Placing large orders to buy or sell. It seems everything can be good, no news and the stock drops a few days or weeks just because of that large funds needed to merge its stake. For bidders, this information is hidden, but insiders in the course of a large order, and will act in the direction of this order. For example, in 2008, knowing that EBV will enter the Russian market, then someone could provide themselves with loot for life, rising from his shoulder and caught a limit movement of the shares by 30%. Or, MMC, all of which fell in November 2011 only because of the release of a large fund.

4. Access to insider information from central banks and governments. Of course, that all, without exception, the dealers were aware of the opening of the swap lines in the middle of November and so bought back in the fall of the market. And knew by the decision of European officials to increase stab.fonda, which was in late October. Inside are always taxis and they are actively used.

5. Dealers are always aware of the volume and access to liquidity in the system. This is understandable, since they monitor this liquidity. This is the same as to know what your right hand. You know? The same thing, and dealers. That is, they are aware of no problems when these problems occur, and in advance. It is for this reason they came out from Long first 6 months of 2011. Once out, the market collapsed in August. They always have the concept of potential holes, holes in the system, problems in funding and so on.

6. They can be real-time tracking of the money market and cash flows. Knowing the flow of liquidity, it is possible to know the direction of the market.

7. They know exactly the location of all stops. Having access to this information, it is possible to predict the potential for price momentum. For example, if there is a canopy of shorts, and the margin of the foot which are near 1230, then with a probability of 90% will go to the market in 1230 to collect money from speculators. Same thing with Long. Market drops as long as the foot does not lift the larger parties. This is the reason that markets are always deployed after the burst of sentiment. After the fall shortskviza and grow after the collapse.

8. They know the level of liquidity in the system, the volume of deposits and assets in brokerage accounts. So, have an idea of ​​how much to send money to change the S & P by 1%. In fact, dealers can monitor the S & P to within one tick. They have a software system using neural networks, which is based on historical data, experience and current level of liquidity determines the potential of the market movement in either direction.
----------------------------------
With access to at least one item of the whole, analysis, news reports, you can send in the trash, because Price formed a totally different way.
Here's an example. Yesterday 6 Savings torn out, and now after the margin Dwarf in the evening fell, yesterday, trailed behind Gazprom, Gazprom is now 5%. Without knowing the amount of shorts and warrants to purchase, it is impossible to predict the movement of any one TA, fund.korp.analizom and more. Liquidity stupidly wanders, taking money from gullible speculators. Likewise, those who believed in free markets, lost on Friday, putting a drop. So there you have it. '
-----------------------------

Let us remember one simple thing - the real reason is never shown in the official media, or displayed, but after the market movement has occurred. For the market, more for those who run trend is not news. Why not? Just because they generators of this news. Any information the insider already known. They're all connected to each other and keep in touch. Midge flies are not unnoticed. The 2008 crisis was not a market for news, the collapse of Lehman was not news (insiders knew about this a few weeks, since the decision was made long before the actual bankruptcy), the debt crisis is not news and all the problems about which we write, - they were known long ago banks.

one short left open from last friday has hit TP with 67 pips. ( 52+67 pips)

lets see what will happen this week. if this week goes ok will go live.

walker


stevewalker posted:
MoM-1

today collected 52 pips Net with again ~6-8 pip SL
TP average is 43 pip

so basicly this is not a scalper. it is catching the big moves.

on the top of that it missed at least a 100 pip due to some conflicts. Will work on those.
walker


stevewalker posted:
today it collected

147 pips with 6 pip fix stop.
seems very good.

walker


stevewalker posted:
needs some fine tuning thenlive if goes ok.


stevewalker posted:
changed the TP calculation late night.

today
loss : 24 pip
profit : 70 pip

net profit : 46 pip

with only 6 pip stop




stevewalker posted:
after collecting data for MFE MAE for 4 days I started ( Demo first )

MoM-1 EA with
6 pip SL
34 pip TP
fix.

TP can be > 50 pip . will check and update if needed.

will see what will happen.