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EUR-FOREX Managed (By eurforex )

Gain : +723.89%
Drawdown 42.06%
Pips: 8569.1
Trades 1292
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Manual

EUR-FOREX Managed Discussion

nickwake
Nov 03 2011 at 13:45
23 posts
They should show the live account no matter when it started and run it alongside demo if only to prove a point as after all, this is forex, the 'horse racing tipster service of the 21st century' and results really do need to be set in concrete.

However, I started a 1k account with FXCC with EUR Forex on midday Monday and I can state that the demo does mirror the live trades. I did this as I though that if it does diverge a lot from demo then it will be apparent very quickly and I'll pull the plug.

Only proviso is that, as they say above, there is a 1-2 pip difference due to spread/commission but with that said I've had a couple where I did a little better presumably due to rapid price change but overall probably will lose 1-2 pips per trade long term vs the traders account.

Overall so far pretty impressed, some scary retraces and the average losses are quite high but I guess that is the way of it and as long as they can keep the high win % up then it will work well. Overall they have balls of steel, I'd not be able to trade like this even if it was a signals service! I will see how it goes this month i.e., they don't suddenly suffer an 'amazing' lack of form 'first time ever' but if it keeps in with the form shown to date then I'll be adding more funds.

eurforex
Nov 03 2011 at 15:26
23 posts
Hi,
FXCC MT4 MAM does not map into myfxbook. MAM are not like typical MT4 account.

Regarding holding retracements, we use leverage around 2:1 (marginally higher). Markets are edgy currently.
Maximum stop loss 200pips representing 4-5% loss.
This clearly demonstrate effectiveness of low leverage.

 

nickwake
Nov 03 2011 at 17:44
23 posts
Fair enough on the mt4. Lets hope the current trades fall back soon, looking very close to taking a hit

Macgyver75
Nov 04 2011 at 10:23
36 posts
No luck, I opened an account 2 days ago and just got 5 consecutives loss trades ! - 8 %

Will see if it recover it this month ! :-(

I must believe !

nickwake
Nov 04 2011 at 10:33
23 posts
Yeh, they're getting steamed, wonder if the office cleaner got left in charge. On the chart this looks to be the worst run to date, can't believe that I always seem to get into these things just as they have their worst period ever, reminds me of the old horse racing tip services, great results until you join and then kaboom! Started with 1009, went up to 1054 and now down to 958 with one open trade in losing territory, given that it's NFP day that could go anywhere. Oh well, will give it a month and then see or if half the fund gets lost pull it then.

eurforex
Nov 04 2011 at 10:43
23 posts
Hi,
Peak to valley DD is 12.5%
In Sep 28 we had 7.8% Peak to Valley DD
In August 10 we had 7.2% DD
In July 26 we had 13.8% DD

Please judge us at month end.

nickwake
Nov 04 2011 at 10:46
23 posts
Yes we will, hope I have some fund left by then! And if it is good then I will say so there and then, praise you bigtime, apologise ever for doubting and all that.

Macgyver75
Nov 04 2011 at 10:49
36 posts
Of course, we'll do.

Your results seems to be very good. But it's quite upseting to enter just when it goes bad...

it's trading ! it can't be a straight line !!!

I will sleep a week and come back ;-)

nickwake
Nov 04 2011 at 10:53
23 posts
LOL, so true, I did think when I set the account up 'bet we start with a losing streak' actually didn't and was up about 200 points on day 1 so thought, wow this is astounding and then back down to earth with a bump. But you are right of course, it's not a straight line and drawdowns happen. At the moment especially hard with the situation in Europe making it whipsaw so much.

Maybe a fishing trip for a week with no online access! 😄

Macgyver75
Nov 04 2011 at 11:07
36 posts
Well

I think they are really good.

What I can say is that he demo account is the exact replic of what I've got on my live account !

So just have a look : it's what we get at the moment !

Then we'll wait and see ! 😑


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