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December - Closed (By pipinvestmentbot )

The user has deleted this system.

December - Closed Discussion

Jayman007
Dec 07 2012 at 14:08
142 posts
I'm wondering why this account has hidden all open orders. Considering you have a bonus on this account it makes it impossible for any observer to calculate the true current DD on this account unless you show the open orders.

ForexScam
Dec 07 2012 at 15:01
1008 posts
Take the Equity and subtract 125$ ( bonus) and you will have the true equity.
Example:
Balance: 377.35
Equity 484.29 - 125 = 359.29 True Equity
Floating ( DD ) = 18.06

Account is always updated ( auto Sync through Myfxbook )

Also, this account is on ForexPeaceArmy - https://statements.forexpeacearmy.com/forex_identity_real/statement_new.htm





Jayman007
Dec 07 2012 at 15:04
142 posts
and why are the trades being hidden?

And did you also experience the XEM server failure during NFP? If so, how did it effect your positions?

rob559
Dec 07 2012 at 15:27
1916 posts
losing confidence to xem ,certain imminent issues there

4xpinoy
Dec 07 2012 at 15:33
64 posts
Jayman007 posted:
all xem live servers went down from 1317gmt to 1341gmt


nice or not so nice broker trick. 😕

positions could have been closed for a profit or positions closed with negative slippage. 😲

Keep Moving Forward
Jayman007
Dec 07 2012 at 16:39
142 posts
I am working very closely with the XEM IT head to resolve these issues. I still don't know if it's a poorly configured server or what. I do know, when I first started testing before MQ rolled out the last major 445 update things worked better. It wouldn't surprise me if the issues are coming from the latest mt4 server updates.

I'm still giving them a chance running micro lot accounts but it's hard to take any results seriously since the server is not stable. I had intended to run forex identity on alive XEM account that was all setup and ready to go when these server issues got really bad. I have since lost my license and since seeing sales for this EA have been discontinued I'm wonder, what's the point.

ForexScam
Dec 13 2012 at 08:21
1008 posts
ForexScam posted:

BaseLotSize = 0.01
MaxOrderLevel = 10
SuperCharge = 0
UseLogic = 1
SafeModeLevel = 5
SafeModeLogic = 2
SafeMode = 2
Cycle = 1

Pairs: CADJPY - AUDJPY - BUY ONLY - No Sell orders - Go into Common Tab and 'Only Long' positions




After updating to the latest version ( Last weekend) I setup Mini Cycles on GBPJPY, which were suppose to be BUY ONLY like the other JPY pairs for the obvious reasons. I must have forgot to Check Box the ' Only Long' and now I'm caught upside down by the JPY weakness.

 I didn't realize the mess until a Skype message alerted me that my account is going to Blow. Thanks for Watching out for Me 😀

another 87 Pips Up on GBPJPY and my account will blow. 🙄

Jarora
Dec 14 2012 at 12:35
371 posts
Same as Forex Envy. No security account. Drawdown: 85.52%

Rickyv101
Dec 15 2012 at 01:57
69 posts
Will it be more safer to run those short cycle pair with hedge mode one?


Rickyv101
Dec 15 2012 at 01:58
69 posts
oh, nope, Japensese general elections is coming , it might cause price spike.

SaltyWaters
Dec 16 2012 at 22:57
247 posts
Was this suppose to be an alternative to what?

dvejn
Dec 16 2012 at 23:13
92 posts
Balance: $-557.69 😁😁😁😁😁😁😁

That's cool.

😂😂😂

Best rebate for IC Markets 1,60 RTL+ armada markets 10% commision back + next 30 brokers company only in . Who will give you more?
Jayman007
Dec 16 2012 at 23:46
142 posts
Well it looks like he had like 70 trades that were open and got stopped out today.

That's probably why he refuses to show us his open trades, cause it would paint a much different picture.

rob559
Dec 17 2012 at 03:46
1916 posts
Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.

That's probably why he refuses to show us his open trades, cause it would paint a much different picture.


jayman what about your results with this is ea?

ForexScam
Dec 17 2012 at 05:43
1008 posts
ForexScam posted:
ForexScam posted:

BaseLotSize = 0.01
MaxOrderLevel = 10
SuperCharge = 0
UseLogic = 1
SafeModeLevel = 5
SafeModeLogic = 2
SafeMode = 2
Cycle = 1

Pairs: CADJPY - AUDJPY - BUY ONLY - No Sell orders - Go into Common Tab and 'Only Long' positions




After updating to the latest version ( Last weekend) I setup Mini Cycles on GBPJPY, which were suppose to be BUY ONLY like the other JPY pairs for the obvious reasons. I must have forgot to Check Box the ' Only Long' and now I'm caught upside down by the JPY weakness.

 I didn't realize the mess until a Skype message alerted me that my account is going to Blow. Thanks for Watching out for Me 😀

another 87 Pips Up on GBPJPY and my account will blow. 🙄



The Loss was from GJ - -5294.8 pips -850.81 $.

As I mentioned last week, it was my mistake from not double checking the parameters. Now I owe the Broker $557. Lol. The losses could have been easily prevented by keeping an eye on this account. Also GJ did retrace enough to exit the basket on Friday. However, it is December and On a Friday where my time is spent elsewhere.

 I could have added more $$$ to keep the account alive and I thought about it more than once. However, I would rather flip the coin with this accounts situation and if it turned bad, try again at a Broker that I can Trust. XEmarkets is not one of those brokers.

Overall, making 100%+ Gain back to back ( 2 months in a row ) is a huge success for Forex Identity.

ForexScam
Dec 17 2012 at 05:46
1008 posts
Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.

That's probably why he refuses to show us his open trades, cause it would paint a much different picture.


No not at all. I chose to keep a lid on the open positions to keep the logic at bay.

ForexScam
Dec 17 2012 at 05:49
1008 posts
SaltyWaters posted:
Was this suppose to be an alternative to what?
An alternative To other Martingale Grid EA's.

ForexScam
Dec 17 2012 at 05:50
1008 posts
Rickyv101 posted:
oh, nope, Japensese general elections is coming , it might cause price spike.
100 Pip Spike on the Opening Gap. Nice Call Ricky

ForexScam
Dec 17 2012 at 06:00
1008 posts
Rickyv101 posted:
Will it be more safer to run those short cycle pair with hedge mode one?



Yes HedgeMode would decrease Drawdown significantly especially on any trending market like what we experienced on JPY pairs.

HedgeMode Feature was the solution to survive the Financial Crisis in 2008-09 while still using SuperCharge Setting

- https://www.myfxbook.com/strategies/forex-identity-safemode--8/26229

 However the best solution is to Trade Directional when we have market conditions like these as I stated on Nov 26 at 06:56 on PipinvestmentBot Feed - https://www.myfxbook.com/members/pipinvestmentbot

ForexScam
Dec 17 2012 at 06:07
1008 posts
rob559 posted:
Jayman007 posted:
Well it looks like he had like 70 trades that were open and got stopped out today.

That's probably why he refuses to show us his open trades, cause it would paint a much different picture.


jayman what about your results with this is ea?


I cancelled his license once I was aware that MQLLOCK was compromised. Jayman happened to be buddies with a member Palvus777 who released an edu copy of my EA - https://www.forexisbiz.com/member.php/13872-Jayman
But it could be from any of my clients. It was just a precaution after seeing the facts.

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