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AlonFx10/30 (By Peter Harding )

The user has deleted this system.

AlonFx10/30 Discussion

jsantos3
Oct 23 2010 at 15:18
272 posts
Why Trading Privileges Not Verified yet?

Peter Harding (alonfx)
Oct 26 2010 at 09:14
37 posts
We have set up account as per fxbook instructions.
Not sure how this feature becomes enabled.

Bringing you a Brighter Future in Forex
veki
Nov 08 2010 at 13:29
4 posts
Have you tested it at live account as live is much more different than demo
Why lock open trades

PRandell
Nov 12 2010 at 06:35
31 posts
Hi Peter,

You wrote that you've setup the account as per fxbook instructions, but still had trouble with the 'Trading Privileges Not Verified' segment.

If you go to this link: https://www.myfxbook.com/help and scroll down, you'll see detailed instructions on how to do this. The point to this verification is so that we all know this account belongs to you, and not someone else.

Aso, Veki's questions are still not answered. I too believe a real account running any strategy performs far differently than a demo. Slippage and liquidity all play a huge role in real accounts that simply don't exist in demos. Is the performance you're showing on a real account?

Second, many trading services that show great returns hide their loses in open trades. When a strategy's performance is based solely on closed trades that went the right way, and the big losers are kept open to hide their impact on the strategy, then you have a false sense of accomplishment. I'm not saying that's what you're doing here. But hiding the open trades serves no purpose in my opinion. You should unlock this, so that there's enough transparency for us all to feel comfortable in the results. You'll gain a lot more members this way, I can tell you that much.

P

cinlung
Nov 15 2010 at 10:25
21 posts
Yeah I agree with posters above, why hide the OPEN TRADES?
I also had a chat with one of alonfx staff, when I asked why not displaying real account? Then he gone from chat.
If you download the Brochure from alonfx website, there is no real report from broker at all in there.

Is there anybody here having a managed account with alonfx actually? how is the result so far? would you post it here? thanks.


swnke2
Nov 15 2010 at 11:25
8 posts

cinlung posted:
    Yeah I agree with posters above, why hide the OPEN TRADES?
I also had a chat with one of alonfx staff, when I asked why not displaying real account? Then he gone from chat.
If you download the Brochure from alonfx website, there is no real report from broker at all in there.

Is there anybody here having a managed account with alonfx actually? how is the result so far? would you post it here? thanks.




I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.

codell
Nov 16 2010 at 12:11
1 posts
if you look at the myfxbook page for the system there is an 'Equity' field which is different to the 'Balance' value. Does this not show the effect of open trades on the current balance?

cinlung
Nov 17 2010 at 09:50
21 posts

swnke2 posted:
    

I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.


Thanks.
Is there any huge drawdawn trades left open?

swnke2
Nov 17 2010 at 10:19
8 posts

cinlung posted:
    
swnke2 posted:
    

I opened a 10/30 managed scalper account with AlonFX last week. Although my account is slightly down compared to my initial deposit, the trades that are reflected in my account are identical to those on this myfxbook page.


Thanks.
Is there any huge drawdawn trades left open?


Through the PAMM account, I dont get visibility of any open trades. I'm only aware of a trade once a it closes. However given that the StopLoss is 30 pips at worst case, I wouldn't expect huge drawdown anyway.

Cheers,
Nick.

swnke2
Nov 17 2010 at 11:34
8 posts
Further to my earlier statement, I have now seen differences between my PAMM account and the demo account that AlonFX publish through myfxbook. Whilst there are differences, they are not too dissimilar to cause me concern at the moment.

I do seem to have had a negative effect on their trading since I joined however, as the growth has slowed down a fair bit. 😁Obviously we need to look at a more longer term.

Cheers,
Nick.

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