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Sig cent Martin (By Jayman007)

Gain : +5294.74%
Drawdown 69.88%
Pips: 1038.0
Trades 1337
Type: Real
Leverage: 1:500
Trading: Automated

Sig cent Martin Discussion

Sep 19 2012 at 12:52
7 posts
I just hit my TP at 1.6190. Hope you hit your TP soon too

Sep 19 2012 at 12:53
142 posts
I'm sure I will.. not too worried now. I have turned off the seller so when this basket closes then no more sells. I will be closing this account down as soon as possible and giving the boot to lite forex scam house.

for the record..price on LF came within 2 pips of my tp before it bounced up 30 pips.

Sep 20 2012 at 06:19
142 posts
My short basket finally closed. With the swaps (last night was x3) and the 2 sl I am down like $2 from this ordeal. I have shut down new trades on the short side and when the long basket closes, I will shut down this account and this myfxbook account will stop updating. It was a great run. Highly successful. I wish everyone great success with this strategy. My only big warning is STAY AWAY FROM LITE FOREX.

Sep 20 2012 at 06:22
82 posts
Hi Jayman,

Whare are your plans to do next? Are you stopping using FXHacked? Sorry to see you going, you were very successful

Sep 20 2012 at 06:27
142 posts
I am not stopping at all. I have moved over to XEM to continue my long term forex hacked test.

I started with $150 (the min to run this set file on micro account) and once I verify that it is running smoothly I will increase the balance to $1500.

Sep 20 2012 at 19:37
142 posts
All trades have closed in profit. I have now shut down this account as LITE FOREX is obviously not liking how well this account performs. I have already started the new live test at XEM (see link above).

Sep 21 2012 at 00:37
94 posts
Hi, Jayman007.
Personally, I believe you have to use different strategy and mentality between range trading vs trend following. I see no problem to add fund to ride off period of drawdwon as long as you have emergency stop based on your risk tolerance. I am wondering you could share some more your thoughts on manual intervention during large drawdown like one we just had?

Sep 26 2012 at 11:56
142 posts
I just wanted to warn everyone that trading at lite forex is a very risky adventure. No matter how much profit you make there is always the worry that you will not have your withdrawal processed. I am still waiting for the funds from this account to be processed. They had the funds pulled from my account instantly but now I'm told that I'm in a que and they will processes the request when possible. How is it not possible to process a withdrawal unless the company is not properly funded and has to wait for incoming funds to pay out withdrawal requests. This we call a PONZI scheme.

I would recommend anyone that has funds with lite forex to get your positions closed and the get your money out of their hands ASAP. You don't want to be left without a chair when the music stops.

You will notice on FPA there are many complaints recently that money withdrawals are talking many weeks to process. Best to get started now and get into line before the doors close with your money locked inside.

Sep 26 2012 at 12:51
1008 posts
much respect for the warning. I had issues about a year ago. I had to resubmit all my documents, re authenticated my cell, etc. Which turned into a headache because my cellphone number changed. I received my funds after many messages back and forth through their online support ticket system which is F$&*# stupid. Good luck and Expect some delays with this Market Maker

Sep 28 2012 at 08:10
7 posts
I have withdrawn my account to my credit card. It hasn't showed up yet but my bank told me that it could take 10-15 working days for this to show up on my card. Hope you get your money soon.

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