Febonacci Forex Robot V 2.5.2 Discussion

FerozM posted:
Hi,

Why is your track record not verified?

Track record can't verified for this particular account and we have already answered this multiple times in our previous posts. So refer to previous posts.

Update for EA users:
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We have released an update for our EA over this weekend. This will fix the connectivity issue with our licensing server.

The update will be installed and applied to all EA users automatically upon next mt4 restart. So all our EA users can restart their mt4 terminals to apply the change.

Important Update for All:
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Most of the users who are monitoring this account performance might have noticed that our daily and monthly performance has reduced recently and we have also explained the reason behind this is that our account balance has increased to very high and as a result the lot size has reached to maximum lot of 100 lot. Hence, according to % calculation the daily and monthly % return can't be increased in this account though our system performance remains the same

The same situation is there for most of our other accounts as well in multiple brokers and in most cases brokers support maximum 100 lot as well as many brokers decrease the leverage with increase in balance. Hence, now we are looking to manage more and more clients accounts in order to continue to make same % return. We mainly prefer medium and large account balances though we may consider smaller accounts with additional terms.

Hence, we want to update everyone that if you have an account balance of at least 10,000 USD or equivalent in any good and regulated broker, then we can directly start trading in your account under our fund management without much terms and conditions though few fundamental terms regarding profit sharing will remain the same.

While trading using a regular trading system, a 10K account can take many years of time to reach to 100K or 1M. However, in our system it will take hardly a couple of months to reach 1M USD or more even after our profit sharing. Once it reaches 100K or 1M USD, the terms of the broker may change for the account and hence, the % return may reduce. But achieving a 1M USD from a 10K will be much faster and easier using our system. So anyone who is interested can contact our support.

leo23 posted:
While trading using a regular trading system, a 10K account can take many years of time to reach to 100K or 1M. However, in our system it will take hardly a couple of months to reach 1M USD or more even after our profit sharing. Once it reaches 100K or 1M USD, the terms of the broker may change for the account and hence, the % return may reduce. But achieving a 1M USD from a 10K will be much faster and easier using our system. So anyone who is interested can contact our support.

Would it not make sense to use own funds or get a loan form a bank and achieve such a result then retire in half a year? It would also take less effort and less headache!

L3CAP posted:

leo23 posted:
While trading using a regular trading system, a 10K account can take many years of time to reach to 100K or 1M. However, in our system it will take hardly a couple of months to reach 1M USD or more even after our profit sharing. Once it reaches 100K or 1M USD, the terms of the broker may change for the account and hence, the % return may reduce. But achieving a 1M USD from a 10K will be much faster and easier using our system. So anyone who is interested can contact our support.

Would it not make sense to use own funds or get a loan form a bank and achieve such a result then retire in half a year? It would also take less effort and less headache!

That says it all, this guy is a salesman, nothing more...

gobias posted:

L3CAP posted:

leo23 posted:
While trading using a regular trading system, a 10K account can take many years of time to reach to 100K or 1M. However, in our system it will take hardly a couple of months to reach 1M USD or more even after our profit sharing. Once it reaches 100K or 1M USD, the terms of the broker may change for the account and hence, the % return may reduce. But achieving a 1M USD from a 10K will be much faster and easier using our system. So anyone who is interested can contact our support.

Would it not make sense to use own funds or get a loan form a bank and achieve such a result then retire in half a year? It would also take less effort and less headache!

That says it all, this guy is a salesman, nothing more...

The very fact that he is here trying to sell his multi million making robot for a meagre belies his status. This is just a demo account running an arbitrage EA. There must be lots of newbies falling for this.

L3CAP posted:

leo23 posted:
While trading using a regular trading system, a 10K account can take many years of time to reach to 100K or 1M. However, in our system it will take hardly a couple of months to reach 1M USD or more even after our profit sharing. Once it reaches 100K or 1M USD, the terms of the broker may change for the account and hence, the % return may reduce. But achieving a 1M USD from a 10K will be much faster and easier using our system. So anyone who is interested can contact our support.

Would it not make sense to use own funds or get a loan form a bank and achieve such a result then retire in half a year? It would also take less effort and less headache!

Probably, you have not read the complete post properly or didn't understand the point what we explained in the post.

We don't need to take a loan for trading and we have more than enough funds of our own to trade. Here we are not talking about getting more money from others for trading, rather we are talking about the problems of having more money in one single trading account and the associated problems from broker while trading in a big account above 100K or 1M USD.

Most of the regulated and reputed brokers don't allow unlimited number of accounts and don't allow unlimited lot size and that is what we are talking about here. Hence, we are asking for other traders to join our fund management to expand our business to make profit for them and in return get % in terms of profit sharing which is an win win scenario for an investor and for us.We need more accounts for trading and we don't need more money for trading.

This is an offer to expand our business and we are not planning for retirement from trading. Retirement from trading is an idea which only losers think of when they are not successful in trading, otherwise, we would have already retired quite long time back along with our existing profits.

Btw, look at the number of people blocked.. lol'zz..

@MyFxTrader

The users are blocked because a bunch of spammers like you group together to create multiple myfxbook accounts to troll each successful system owner because they can't have their own system.

So it is not the number of people blocked, but the number of fake users blocked. Obviously, you are on the list as well.

Update for EA users:
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As our EA users might already know that the EA uses 4 Fibonacci levels and those are 23,31, 50 and 71, we would like to update everyone that currently we are using only levels 50 and 71 so that it will produce more accurate trades and so we suggest all of our EA users to do the same.

This is just a small adjustment in settings of the EA which can be done manually and hence, we didn't create any new set file for this minor change.

However, as a result the number of trades will be less as well. Also, it is recommended to stick to H1 timeframe and use the EA only in 6 to 8 major currency pairs which offers the least spreads in your broker. It will result in maximising the profits and minimising the losses.

Hi Sir,
I am not fake user. I am using your managed account (not using EA). Need some advice/info on the EA user performance.

So far my managed account performance is very different from myfxbook account performance.
Sometimes my managed account has no trades or loss trades, but for your myfxbook account may have trades or profitable.
My managed account with you is currently in -30% (loss), just wondering if any EA user is loss or producing any profit?

Any advise. Tks.

If any Managed Account/EA user can share their experience with me would be great. Thanks.

@leehm

If you are a managed account client, then you need to contact our support email for any problems or queries related to your specific mt4 account. We don't entertain any such queries here.

Why performance of your verified accounts is worst than your non verified account also you are using only 1-2 month and custom date for your verification. What are you hiding behind custom date?

LongVision posted:
Why performance of your verified accounts is worst than your non verified account also you are using only 1-2 month and custom date for your verification. What are you hiding behind custom date?

Performance of two accounts can vary due to variation in settings and risk % per trade in each account. It has nothing to do with verification. All accounts use different broker and different settings.

Custom date is used in an account to publish the results of that account only for that period of time when we a particular system is run in that account and that's why this custom date feature is there in myfxbook. There is no point of publishing the complete trade history of an account when the system is not running for the complete period of time in that account.

How can we trust these results if the account is not verified?

Herden posted:
How can we trust these results if the account is not verified?

Trusting the results depends on someone who is interested in the system and he decides that whether to trust the results or not. We have nothing to do whether people trust the results or not. We have enough funds of our own to trade and make money in our own accounts.

With the performance they claim they'd be millionaires in a few months, it was true they would have no reason to waste time here.

andyofgod posted:
With the performance they claim they'd be millionaires in a few months, it was true they would have no reason to waste time here.

true

I just closed my account with them. I started with $1070 in my account on 4/19/2018 and it went down to $620.86 on 4/24/2018.

Here are the stats:
Trades: 306
Winning Trades: 159
Losing Trades: 147
Average Win: $2.03
Average Loss: $4.86
Profit Factor: .45

They will not give me back my $2,000 joining fee. Throughout my two months, they offered various excuses for the losses - like they are doing now on myfxbook regarding their EA and managed accounts.
As you can see all their trades in myfxbook are not verified. You will never know who they are or what country they are from or who their supposed traders are. I can't see why anyone would trade with them. In fact, I don't know why myfxbook does not have more stringent policies such before allowing traders to put up their accounts.

Jacob