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Leo Trader Pro (By Raymond )

The user has deleted this system.

Leo Trader Pro Discussion

pc8multifx (pc8multifx)
Dec 13 2010 at 17:18
879 posts
How it comes you trade Leo Trader Pro since months, though it will be released on 16th December????????????


EDIT: OK, got it, you track it only

Sorry
Raymond (rayong1)
Dec 13 2010 at 17:38
126 posts
Yep, this is not my account. I'm using the login details from them and putting the results here to see the stats. But I'd be interested to hear what everyone thinks about this EA.

So far if this is real and everything about it so far seems real and more importantly verifiable we might have the first real EA that puts the proof on the table.

I even contacted FinFX to find out if they are fully owned Finnish brokerage with no US interest. My suspicion was that someone doctored the results from within but they said they only have US customers, no US ownership. After that Leo Trader site came up with a recorded statement from FinFX CEO saying that the results of this account are real. Included signed a letter to verify.

So if anyone has detected any BS with this company or EA please share.
Dar Verer (mistificator)
Dec 13 2010 at 17:44
453 posts

rayong1 posted:
So if anyone has detected any BS with this company or EA please share.

Hi, I did small due diligence on Fin FX and chatted with support, all seems genuine and real.

Here is info from Finnish Trade Register, this is a government web site:

https://virre.prh.fi/portal/dt?dt.isPortletRequest=true&dt.actiprocess&dt.provider=PortletWindowProcessChannel&dt.windowProvider.targetPortletChannel=companySearch&dt.ccontent&dt.windowProvider.currentChannelMode=VIEW&dt.window.portletActiACTION&companyId=-2009826640&_flowExecuti_c004A428E-D9BB-DA8D-504C-2C8EDB6A7F52_k1EEF6C2F-0CBE-87DE-804F-62DAC4795DD4&_eventId=browse

Basic details of the company
  Start date
Name: FinFx Trading Oy 04.01.2010
Business ID: 2306687-0
Registered office: Imatra 04.01.2010
Company type: Limited company 04.01.2010
Language of company: Finnish
Date and time of registration: 04.01.2010
Last date and time of registration: 04.01.2010 04.01.2010
Company information recorded as of: 04.01.2010
Status of company: In the register 04.01.2010
Contact details: 07.06.2010 History
Postal address:
Tainionkoskentie 68 55120 IMATRA Finland
Street address:
Tainionkoskentie 68 55120 IMATRA Finland
Telephone:
0102810100
Email:
[email protected]
Website:
https://www.finfx.fi
Was mich nicht umbringt, macht mich stärker.
pc8multifx (pc8multifx)
Dec 13 2010 at 17:53
879 posts

rayong1 posted:
    Yep, this is not my account. I'm using the login details from them and putting the results here to see the stats. But I'd be interested to hear what everyone thinks about this EA.

So far if this is real and everything about it so far seems real and more importantly verifiable we might have the first real EA that puts the proof on the table.

I even contacted FinFX to find out if they are fully owned Finnish brokerage with no US interest. My suspicion was that someone doctored the results from within but they said they only have US customers, no US ownership. After that Leo Trader site came up with a recorded statement from FinFX CEO saying that the results of this account are real. Included signed a letter to verify.

So if anyone has detected any BS with this company or EA please share.


There are people which digged a bit deeper and they think its a collaboration- hoax between this broker and the EA vendor..

🙄 as always, time will tell..
jayman
Dec 13 2010 at 18:16
2 posts

pc8multifx posted:
    
There are people which digged a bit deeper and they think its a collaboration- hoax between this broker and the EA vendor..

🙄 as always, time will tell..

The clue that I saw mentioned is the account open amount $500 USD and the trades have a commission. If you visit the FinFX site they do not offer an account that can be opened for $500 USD and is commission instead of fixed spread. I thought that maybe the statement was in Euros, but it does show the account currency as USD.
Raymond (rayong1)
Dec 13 2010 at 18:17
126 posts
That's what I thought also. Otherwise how would the EA vendor be able to get the CEO of FinFX to make a statement and back it up in black and white.

They seem a bit too close.
Raymond (rayong1)
Dec 13 2010 at 18:21
126 posts

jayman posted:
    
pc8multifx posted:
    
There are people which digged a bit deeper and they think its a collaboration- hoax between this broker and the EA vendor..

🙄 as always, time will tell..

The clue that I saw mentioned is the account open amount $500 USD and the trades have a commission. If you visit the FinFX site they do not offer an account that can be opened for $500 USD and is commission instead of fixed spread. I thought that maybe the statement was in Euros, but it does show the account currency as USD.

Maybe, if you notice the charts say EURUSDmam. MAM stands for multi account management. You can have many accounts group together as one big account. The big account may have ECN so all the sub accounts also end up paying commissions...maybe.

I have an account under FX Primus which is under a MAM. One EA sends trades to the MAM and all the accounts get the trade executed and lots allocated according to the share of the account your account balance is. This way EA vendor only needs to run one instance of MT4 instead of one for every account and end up with trades all over the place.
jayman
Dec 13 2010 at 20:35
2 posts

pc8multifx posted:
    https://indo-investasi.com/showthread.php/10568-Leo-Trader-Pro/page3

post# 25

I have been watching that thread too 😉

Raymond (rayong1)
Dec 14 2010 at 04:05
126 posts
Just noticed something. The lot sizes started fairly conservative then they got bigger in sept, even bigger in Oct and last week they are back down to conservative again.

Think they were upping the lot sizes to show the appreciation the EA could produce. After they made their numbers they turned it back down.
Steve B (stevetrade)
Dec 14 2010 at 12:27
1415 posts
Ray, can you let me know what the broker time is on FinFX?

I'll plot the trades and see what they look like, my initial thoughts about this EA are that it allows a massive drawdown on some trades before returning a few pips.

My initial thoughts about this project were that is was a collusion between FinFX and the EA developers in order to attract business to FinFx - who are a relatively new broker.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Raymond (rayong1)
Dec 14 2010 at 12:54
126 posts
Hi Steve, not in front of computer right now. I'll let you know finfx's time later. Think it's gmt+2. On some of the open trades earlier it does appear the stop loss was about 330 pips. But once the trade goes positive they move it to break-even and higher. Only saw 1 trade so far, will need to observe more trades to see what it's doing. The 330 pips could either be the real or fake stop loss so need to see more trades to verify.
Raymond (rayong1)
Dec 14 2010 at 16:39
126 posts
Hi Steve,

FinFX is GMT +2
Leonardo (leozdnbr)
Dec 14 2010 at 16:58
27 posts
like all EA's, they look great when advertised. I guess we'll have to wait and see. I hope sales will be through clickbank so I can ask for money back
Steve B (stevetrade)
Dec 14 2010 at 22:23
1415 posts
Thanks for the info. I'll plot the trades tomorrow and post anything I see that looks dubious here.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Raymond (rayong1)
Dec 15 2010 at 06:19
126 posts
Just had a chat with FinFX support, the mam postfix on the symbol is a micro account that they have not released yet. Could be that the EA vendors have some kind of developer relationship with them to be able to open and test with these accounts. They are probably identical to the ECN account in terms of spreads and commissions with smaller funding requirements:

-------------------------------------------

Our company representative will be with you in a moment. Meanwhile you can submit your question.
13:49 Sampo has joined the chat.
Sampo | 13:49
Hi, how may I help you Raymond Ong?
Raymond Ong | 13:49
Hi, I’m verifying some account info. What sort of account has mam at the end of the currency pair symbol, eg. EURUSDmam?
Hello Sampo
Sampo | 13:51
MAM and micro lot accounts use mam postfix (micro accounts are not yet publicly available).
Raymond Ong | 13:52
I have login read only access to some live accounts and I see the mam at the end of the symbols
These are from EA vendors.
Sampo | 13:53
If you are preferring to Leo Trader’s account, it’s currency rates and lot sizes are equal to normal ECN account. They just have that kind of symbols because they have also been testing our micro lot account.
Raymond Ong | 13:53
I also see that they are ECN accounts because they have commission on the trades. I thought the smallest amout to fund an ECN account was 2500 USD or 2000 EUR
Yes refering to Leo trader account and Pip Laser account from Megadroid guys.
Raymond Ong | 13:54
So they are testing ECN in micro lot accounts? How?
Sampo | 13:57
That account type is something we are considering and they have been testing how it works.
Raymond Ong | 13:58
I see. So to clarify it is an Micro ECN account.
Sampo | 13:58
The results they have done could have been complished with normal ECN account as well. They did not use micro lots in their trades as far as I know.
Yes. But do notice the aboce sentense.
Raymond Ong | 13:59
ok
alright thanks very much.
Sampo | 14:00
You are welcome.
Steve B (stevetrade)
Dec 15 2010 at 09:12
1415 posts
Hmm, starting to smell to me this one now.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Raymond (rayong1)
Dec 16 2010 at 05:07
126 posts
Two trades open now with 330 pip SL and 25 pip TP. It could be a power out SL or one that's set so far down the brokerage can't trigger it. Lets see if it adjusts the SL as the trade progresses. Both eurusd and gbpusd have the same TP and SL.
Steve B (stevetrade)
Dec 16 2010 at 09:01
1415 posts
From FinFx website

'Raw Spreads starting from 0.2 pips

No Mark-up with ECN means much better fills

True ECN/STP environment'

You don't use fake stops on an ECN broker in my opinion. It makes no sense to.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Soeren (GridsForPips)
Dec 16 2010 at 09:03
205 posts
At the moment, the TP has been moved to +70 pips, and the SL has been moved up to lock 16 pips profit (16.3)

I noticed the one loser was only -2.7 pips, and until now it seems pretty solid. It'll be interesting to follow it for the coming months...

Steve, did you look at how the earlier trades behaved? Like how much drawdown was allowed?

Cheers

Soeren
Always get cashback -
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