Acme Hedge - Aggressive (By acmehedge )
The user has deleted this system.
Apr 30 2012 at 12:28
Now I can not log in my account to withdrawal request in the site: ecnalpha.com
They blocked it
They blocked it
This high a percentage income can not be maintained. It's proven over and over again.
ouch!
We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
May 11 2012 at 19:44
@youngchang
We never block any account...
@phil
You are wrong. Ofcourse high returns have risk. It is not maintained because we are shifting the broker and not because of any other reason...
We never block any account...
@phil
You are wrong. Ofcourse high returns have risk. It is not maintained because we are shifting the broker and not because of any other reason...
there are many EAs on the market now that can trade baskets of pairs like acme. and profitable too.
Get Rich or Die Trying
Jun 18 2012 at 10:51
where acme hedge is?
account closed.
users deleted.
another scam??
account closed.
users deleted.
another scam??
Jun 18 2012 at 10:53
yes i have been crying from begining this is a scam
Jun 18 2012 at 11:04
system was scam. but I did not expect the guys will dissapper with the money. last heard was broker holding the customer funds!!
old trick!
old trick!
Jun 18 2012 at 11:07
Thats what they do Steve same old trick some of the traders , do under cover agreement with broker and blow the account and behind screen share money with money manager
stevewalker posted:
system was scam. but I did not expect the guys will dissapper with the money. last heard was broker holding the customer funds!!
old trick!
I always try to stick with UK based brokers
Never ever belive any asia based or Mauritus based broker that is my policy
Jun 18 2012 at 11:43
agree
kishorejoga posted:
Thats what they do Steve same old trick some of the traders , do under cover agreement with broker and blow the account and behind screen share money with money manager
stevewalker posted:
system was scam. but I did not expect the guys will dissapper with the money. last heard was broker holding the customer funds!!
old trick!
I always try to stick with UK based brokers
Never ever belive any asia based or Mauritus based broker that is my policy
Jun 20 2012 at 16:09
Now ECN alpha closed their server.
Where is my money? can I withdraw my fund?
I opened up an account because of Acme hedge suggested.
I have open positions and can not close it.
Did they run away with my money?
Where is my money? can I withdraw my fund?
I opened up an account because of Acme hedge suggested.
I have open positions and can not close it.
Did they run away with my money?
Jun 20 2012 at 16:13
Unfortunately yes. There's scam reporting on forex peace army.
Jun 20 2012 at 16:14
i posted this
ForexScam posted:
63% Equity doesn't concern anyone?
Or how about ECN Alpha?
If you do a systems search criteria of who use ECN Alpha, I only found AcmeHedge as their customers.
august 2011
Jun 20 2012 at 16:16
ForexScam posted:
acmehedge posted:
Yes the EA logic changes automatically to recover the losses
Into an Arbitrage Scalper with 30 to 60 Lots and 1-10 pip gains. Interesting activity on 8-31-2011 . I doubt this can be duplicated with any legitimate broker. Reminds me of - https://www.myfxbook.com/members/ForexScam/magicfxrobot-scam/117290 or the other 3 arbitrage accounts under my profile
and then their recovery mode was arbitrage.
It didn't have a recovery mode. The system they were deploying was already outed in page 8 & 9 as HTH Trader, an open source algorithm which strategy was flawed. The only way it worked is likely due to it being deployed on a custom feed with a close to 0 pip spread.
Even with all the warning signs and notifications by posters here, it is surprising that people can still be scammed. The victims were all too careless and greedy.
Even with all the warning signs and notifications by posters here, it is surprising that people can still be scammed. The victims were all too careless and greedy.
Consistency above all.
Jun 20 2012 at 16:56
Raiden posted:
It didn't have a recovery mode.
Sure it does. I documented it here. - https://www.pipinvestment.com/scams/ecnalpha-fx-optima-acmehedge-scam
also I have the whole PDF before they deleted their system somewhere.
For the sake of better understanding, a few things need to be cleared first.
myfxbook records trades that do not exceed 1 min in length as 0s.
If deployed on a 0 pip, or exceedingly low, spread feed, it is very easy for a system to close a trade within a minute.
The system has nothing to do with arbitrage.
(No offense meant, but I believe your definition of arbitrage may not be in line with the financial vernacular)
The trades look completely in line with HTH Trader's logic. https://codebase.mql4.com/4671
The increased lotsize is because of the increase in balance. If you look carefully, the opening time of the losing trades is earlier than the time of the new deposit. The HTH logic failed because there was a decoupling of the 'hedged' currency pairs, hence noticing this and the impending loss, AcmeHedge 'deposited' the $50,000 to up the absolute profits of the subsequent trades in order to offset the loss of the decoupled trades, which he kept as a floating loss. When the new profits balanced out the loss, he closed the losing trades, thereby maintaining the charade of the smooth equity curve.
He likely did this again at the end, but the difference being that the new offsetting trades themselves became decoupled, exacerbating the loss and imploding the whole system.
myfxbook records trades that do not exceed 1 min in length as 0s.
If deployed on a 0 pip, or exceedingly low, spread feed, it is very easy for a system to close a trade within a minute.
The system has nothing to do with arbitrage.
(No offense meant, but I believe your definition of arbitrage may not be in line with the financial vernacular)
The trades look completely in line with HTH Trader's logic. https://codebase.mql4.com/4671
The increased lotsize is because of the increase in balance. If you look carefully, the opening time of the losing trades is earlier than the time of the new deposit. The HTH logic failed because there was a decoupling of the 'hedged' currency pairs, hence noticing this and the impending loss, AcmeHedge 'deposited' the $50,000 to up the absolute profits of the subsequent trades in order to offset the loss of the decoupled trades, which he kept as a floating loss. When the new profits balanced out the loss, he closed the losing trades, thereby maintaining the charade of the smooth equity curve.
He likely did this again at the end, but the difference being that the new offsetting trades themselves became decoupled, exacerbating the loss and imploding the whole system.
Consistency above all.
Jun 21 2012 at 00:48
Raiden posted:
myfxbook records trades that do not exceed 1 min in length as 0s.
Read the thread closely and analyze the trades again. acemhedge says they use a scalping logic for recovering losses. A different logic than HTH.
HTH logic = The EA waits until the Hour() is 23 to close the current positions.
Also your statement about trade duration is incorrect. - https://www.myfxbook.com/members/ForexScam/demo-arbitrage/195587
If true, my demo arbitrage trades would display 0 seconds on trades under 1minute, but its accurate to the second.
At this juncture, being selective of what Acmehedge said as the truth is not sound.
You are right to point out that the trades did not close at 2300 server time as would have been done by HTH. This is in line with Acmehedge's intention to not have any losses, and subsequently deploy the method I outlined above. (Incidentally, this could be what Acmehedge considered a 'recovery mode'.)
And yes, you are right too about the seconds being recorded. Apologies for speaking out of my ass.
This, however, reinforces the belief that the system was deployed on a fictitious 0-pip, or low, spread data feed.
Take home message for users here would be that myfxbook does not discern fake brokers from real ones, short of manually entering them into a database and barring them.
I believe most people have already put two and two together that Acmehedge is the same owner for ECN Alpha. (But unfortunately, maybe not for youngchang, based on his reply above.)
You are right to point out that the trades did not close at 2300 server time as would have been done by HTH. This is in line with Acmehedge's intention to not have any losses, and subsequently deploy the method I outlined above. (Incidentally, this could be what Acmehedge considered a 'recovery mode'.)
And yes, you are right too about the seconds being recorded. Apologies for speaking out of my ass.
This, however, reinforces the belief that the system was deployed on a fictitious 0-pip, or low, spread data feed.
Take home message for users here would be that myfxbook does not discern fake brokers from real ones, short of manually entering them into a database and barring them.
I believe most people have already put two and two together that Acmehedge is the same owner for ECN Alpha. (But unfortunately, maybe not for youngchang, based on his reply above.)
Consistency above all.
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