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Sector Capital 1 - PriorFX (By BP33 )

The user has deleted this system.

Sector Capital 1 - PriorFX Discussion

BP33
Jun 27 2016 at 14:56
121 posts
Hi everyone,

A few points to be made:

1) Everybody has a different risk appetite - that's of course fine and it's up to each individual what they do with their own money. Just because someone has a different opinion on what is acceptable to them doesn't mean anyone else needs to hear it.

2) It could not possibly have been made any clearer to investors that DD will be anything up to 45% for Sector 1 Moderate.

3) We weren't joking - up to 45% means exactly that and there WILL, for certain, be times where it is near that. This is very deliberate.

3) If up to 45% DD is not acceptable to your own personal risk appetite (which is perfectly fine) then *another option already exists* in 'Sector 1 Low' which has up to 25% DD as its risk tolerance. Funnily enough, BASICALLY NOBODY HAS CHOSEN THAT OPTION and unless they'd like to reconsider what their risk appetite *actually* is then I'm going to close that one down by the end of this week due to lack of interest.

4) If up to 25% DD is still too high for you (again, that's quite fine) then as a suggestion you may wish to investigate 'Sector 2 Moderate' and/or 'Sector 2 Low' both of which are by a different trader and simply do not trade if volatility is even slightly high. Given that my strategy is madly in love with volatilty (on purpose) then I think it's reasonable to say that Sector 2 can be viewed as a suitable option for risk diversification. This has been mentioned before btw...

Trading will resume tomorrow (Tuesday).

Have a lovely day.
fire_kid
Jul 02 2016 at 02:56
50 posts
BP33, what is the current leverage showing in your account? i think few weeks ago it was 1:200. today i saw it's 1:100 however i changed back it to 1:200, not sure account will follow which leverage, mine or master account.

this is my yesterday daily confirmation e-mail:

Floating P/L: -29.38
Closed Trade P/L: 0.14
Total Credit Facility: 0.00
Deposit/Withdrawal: -7.27
Equity: 892.17
Balance: 921.55
Margin Requirement: 280.51
Available Margin: 611.66

is the available margin is fine? please let me know if the account is safe or not due to these leverage issue.

according to myfxbook 'Sector 1 Moderate' equity 99.96% but if i calculate my account equity it's 96.81%
Vengence
Jul 03 2016 at 06:22
25 posts
fire_kid posted:
BP33, what is the current leverage showing in your account? i think few weeks ago it was 1:200. today i saw it's 1:100 however i changed back it to 1:200, not sure account will follow which leverage, mine or master account.

this is my yesterday daily confirmation e-mail:

Floating P/L: -29.38
Closed Trade P/L: 0.14
Total Credit Facility: 0.00
Deposit/Withdrawal: -7.27
Equity: 892.17
Balance: 921.55
Margin Requirement: 280.51
Available Margin: 611.66

is the available margin is fine? please let me know if the account is safe or not due to these leverage issue.

according to myfxbook 'Sector 1 Moderate' equity 99.96% but if i calculate my account equity it's 96.81%


I'm pretty sure it doesn't matter what leverage you put since your not trading yourself it should follow what ever BP33 has as the set leverage
thedoc93
Jul 03 2016 at 11:31
3 posts
I'm interested in investing in this system but I have one question: for deposits lower than 5000 USD I have to pay the performance fee(20%) + 10 USD monthly or only 10 USD/monthly?
fire_kid
Jul 04 2016 at 04:03
50 posts
Vengence posted:
fire_kid posted:
BP33, what is the current leverage showing in your account? i think few weeks ago it was 1:200. today i saw it's 1:100 however i changed back it to 1:200, not sure account will follow which leverage, mine or master account.

this is my yesterday daily confirmation e-mail:

Floating P/L: -29.38
Closed Trade P/L: 0.14
Total Credit Facility: 0.00
Deposit/Withdrawal: -7.27
Equity: 892.17
Balance: 921.55
Margin Requirement: 280.51
Available Margin: 611.66

is the available margin is fine? please let me know if the account is safe or not due to these leverage issue.

according to myfxbook 'Sector 1 Moderate' equity 99.96% but if i calculate my account equity it's 96.81%


I'm pretty sure it doesn't matter what leverage you put since your not trading yourself it should follow what ever BP33 has as the set leverage

in that case how equity has so much difference? according to myfxbook Sector 1 Moderator made 3.71% but in my account it made 5.57% however i joined starting of the last month, may be some open trade position was different.
watchme
Jul 17 2016 at 06:23
582 posts
you are making a killing, week after week. Good on you.
Never Give Up or Give In To The Market
kamjo
Jul 27 2016 at 07:47
12 posts
Thank you BP33, looking so good so far!
watchme
Aug 13 2016 at 11:09
582 posts
best. every time.
Never Give Up or Give In To The Market
dennislye
Aug 23 2016 at 09:47
14 posts
fire_kid posted:
Vengence posted:
fire_kid posted:
BP33, what is the current leverage showing in your account? i think few weeks ago it was 1:200. today i saw it's 1:100 however i changed back it to 1:200, not sure account will follow which leverage, mine or master account.

this is my yesterday daily confirmation e-mail:

Floating P/L: -29.38
Closed Trade P/L: 0.14
Total Credit Facility: 0.00
Deposit/Withdrawal: -7.27
Equity: 892.17
Balance: 921.55
Margin Requirement: 280.51
Available Margin: 611.66

is the available margin is fine? please let me know if the account is safe or not due to these leverage issue.

according to myfxbook 'Sector 1 Moderate' equity 99.96% but if i calculate my account equity it's 96.81%


I'm pretty sure it doesn't matter what leverage you put since your not trading yourself it should follow what ever BP33 has as the set leverage

in that case how equity has so much difference? according to myfxbook Sector 1 Moderator made 3.71% but in my account it made 5.57% however i joined starting of the last month, may be some open trade position was different.

In the long run, the percentages will 'smoothen out'. When you first join, you may go into position at a better or worse (usually better, in rare cases, worse) than Sector Moderate 1 - therefore you maybe making more or less (usually more) than others. Once all your positions from the 'first opening' are closed, your percentage calculations will be the same as those shown on MyFxBook.com.
Igor Furlan (ISFurlan)
Aug 24 2016 at 22:02
46 posts
For those who invested under 5k, are you being charged monthly?
thedoc93
Aug 28 2016 at 06:27
3 posts
@ISFurlan I joined mid-July and so far I have not been charged. I think we are going to be charged after the first full month.
Vengence
Aug 31 2016 at 10:19
25 posts
how can we be down over 8000 pips and still be in the profit can someone please explain this to me

Thanks
fire_kid
Aug 31 2016 at 11:59
50 posts
lets say you open any sell position at 103.25 every 5~10pips movement you opening double lot. say first step you opened 0.01 lot @ 103.25 , 0.02 @103.30 position and so on. then 104.25 your last open lot site is 0.20 now if market moves 20~30pips in your favor and you close all of your trade, you will end up making some profit but you may see pip down.

most probably bp33 using martingale with some other strategy like which point he should open position. it's just my personal opinion i cannot 100% say he is doing this.
fingery
Sep 01 2016 at 08:39
12 posts
Has anybody else noticed an issue with performance fees this month? My deductions are almost 41% of closed trade profit😲

I'll raise a ticket with PriorFX now but just wondering if anyone else is seeing anomalies. I'm just starting to look back and it appears that every months the amount is highly volatile - certainly not 20%.
fire_kid
Sep 01 2016 at 11:10
50 posts
no performance fees charged yet from my account
Vengence
Sep 01 2016 at 13:49
25 posts
fingery posted:
Has anybody else noticed an issue with performance fees this month? My deductions are almost 41% of closed trade profit😲

I'll raise a ticket with PriorFX now but just wondering if anyone else is seeing anomalies. I'm just starting to look back and it appears that every months the amount is highly volatile - certainly not 20%.

let me know what priorfx say & i hope they refund you the money they owe you if there taking more than 20%

thanks
johndoe2016
Sep 01 2016 at 13:49
58 posts
My deductions are correct so far.
fire_kid
Sep 01 2016 at 15:27
50 posts
how do you guys checking performance fees? is it this step: Accounts=>Live History=>Select Account=>Deposit/Withdraw?

i don't see any money withdraw in september month. and did they charge 9.99USD if account balance is less than 5000USD?

BP33
Sep 02 2016 at 13:08
121 posts
fingery posted:
Has anybody else noticed an issue with performance fees this month? My deductions are almost 41% of closed trade profit😲

I'll raise a ticket with PriorFX now but just wondering if anyone else is seeing anomalies. I'm just starting to look back and it appears that every months the amount is highly volatile - certainly not 20%.



Performance fees haven't come out this month yet.

Not sure what you're even looking at to be honest.

Raise a ticket with support anyway.
majamivice
Sep 07 2016 at 06:31
52 posts
Hotforex closing down pamm accounts on 30th of September . @BP33 you made a wise decision. Thank you for the great opportunity to make money with you.
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