StatArb Pro 250,000 USD (By statarbpro)
| Gain : | +17.81% |
| Drawdown | 7.99% |
| Pips: | 352.1 |
| Trades | 128 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Manual |
StatArb Pro 250,000 USD Discussion
Member Since Jun 11, 2012
55 posts
Jun 25, 2012 at 06:39
I don't know how many times I'll have to go through this, and I'm going to email Myfxbook support to see if they cannot rectify it.
Velocity4x (www.velocity4x.com) does not exist anymore.
This is Velocity Trade (www.velocitytrade.com) which is regulated by 3 different regulatory bodies at a minimum.
I will post Myfxbook's response to this here so we can end this debate once and for all.
Velocity4x (www.velocity4x.com) does not exist anymore.
This is Velocity Trade (www.velocitytrade.com) which is regulated by 3 different regulatory bodies at a minimum.
I will post Myfxbook's response to this here so we can end this debate once and for all.
Member Since Jun 11, 2012
55 posts
Jun 25, 2012 at 06:39
My message to Myfxbook. I will post their response when they have one.
Can you fix something for me?
You have Velocity Trade's servers (www.velocitytrade.com) listed as Velocity4X (https://velocity4x.com) a broker who is no longer in existence and a well known scam. I get countless emails and now a post on the account located here regarding this issue:
https://www.myfxbook.com/members/statarbpro/statarb-pro-300k-usd/325162
Can you please rectify this so the accusations of trading with a scam brokerage stop and confirm that it is not in fact a now-non existent brokerage?
Can you fix something for me?
You have Velocity Trade's servers (www.velocitytrade.com) listed as Velocity4X (https://velocity4x.com) a broker who is no longer in existence and a well known scam. I get countless emails and now a post on the account located here regarding this issue:
https://www.myfxbook.com/members/statarbpro/statarb-pro-300k-usd/325162
Can you please rectify this so the accusations of trading with a scam brokerage stop and confirm that it is not in fact a now-non existent brokerage?
Member Since Jun 11, 2012
55 posts
Jun 25, 2012 at 15:04
and there you have it:
Hello statarbpro,
It was fixed.
--
Thanks,
Ethan,
Myfxbook support.
Hello statarbpro,
It was fixed.
--
Thanks,
Ethan,
Myfxbook support.
Member Since Jun 11, 2012
55 posts
Jun 26, 2012 at 06:29
@ Murray. How would you suggest I go about doing this?
Jun 26, 2012 at 06:34
I don't know really, maybe account statements from the broker, verified by them as live somehow? Or an mt4 investor password available for a short time?
It's not that I doubt you are honest, its just unusual to see this size live account for an EA seller!
It's not that I doubt you are honest, its just unusual to see this size live account for an EA seller!
Member Since Jun 11, 2012
55 posts
Jun 26, 2012 at 10:03
Verification is the whole point of Myfxbook, no?
Member Since Jun 11, 2012
55 posts
Aug 06, 2012 at 06:06
Research their parent company. They own a LOT of brokerages.
Member Since Aug 16, 2012
8 posts
Aug 21, 2012 at 17:13
@Statarb: is that a cent account or dollar account?
Member Since Jun 11, 2012
55 posts
Aug 21, 2012 at 17:50
@ gelsl - It is automated now.
@ gordongelko - it is a dollar account
@ forextut - Prior to June 6th this account was running a different system, so no. Monthly gain ~5%, max DD ~ 8%.
@ gordongelko - it is a dollar account
@ forextut - Prior to June 6th this account was running a different system, so no. Monthly gain ~5%, max DD ~ 8%.
Aug 21, 2012 at 19:14
(edited Aug 21, 2012 at 19:19)
1) use a reputable broker
2) start a new account and do not reuse the same account
3) if you advertise an account that has 250k then have it deposited from the start ...
4) show at least 5 months of profit!!! not a few days
what the heck is that ???
I came here from https://www.statarb.pro/
Aug 21, 2012 at 19:39
June 3th - was big DD , so why you 'Prior to June 6th ' running a different system?... why is not in new myfxbook statment
and question # 2. Can you open comments and Magic in your myfxbook statment? If it was not different system, please do it - open 'comments'
and question # 2. Can you open comments and Magic in your myfxbook statment? If it was not different system, please do it - open 'comments'
Member Since Jun 11, 2012
55 posts
Aug 21, 2012 at 19:50
@ duzy - You are obviously a newbie.
1) They're reputable, as a matter of fact the group that owns them owns a lot of other brokerages. You really should do your research.
2) I didn't realize this would be an issue.
3) It had 250K the day this system began.
4) This is just ignorance in how Myfxbook and the system works. Myfbook only prints on a day where the system closes a trade. You want more history? Look at some of the other accounts in the portfolio. Sheesh.
@ forextus - A new myfxbook statement is not possible. Myfxbook takes all of the account history regardless. regarding #2, I can't see where my comments would help you.
For all of you skeptics, just sit back and watch. You'll see.
1) They're reputable, as a matter of fact the group that owns them owns a lot of other brokerages. You really should do your research.
2) I didn't realize this would be an issue.
3) It had 250K the day this system began.
4) This is just ignorance in how Myfxbook and the system works. Myfbook only prints on a day where the system closes a trade. You want more history? Look at some of the other accounts in the portfolio. Sheesh.
@ forextus - A new myfxbook statement is not possible. Myfxbook takes all of the account history regardless. regarding #2, I can't see where my comments would help you.
For all of you skeptics, just sit back and watch. You'll see.
Aug 22, 2012 at 02:57
statarbpro posted:
@ duzy - You are obviously a newbie.
yes, lets say I am ... and probably I will be to the rest of my life since forex is not easy ...
however I don't think your account will be here in 6 months ...
lets face it your system is great if the market doesn't have any direction; once it starts trading and makes 5000 pips one way I don't think the advertised account will survive; big players might use similar strategies but they try to make 7-10% a year so they don't risk that much like you are ... also people will surely blow their accounts with such high risk
as usual we'll see; I've seen so many systems come and go here ... Forex is optimized to question any strategy ...
Member Since Jun 11, 2012
55 posts
Aug 22, 2012 at 03:05
2 things:
1) Please read up on Statistical Arbitrage: Wikipedia has a great primer on the methodology. An arbitrage trade is 2 pairs, one long and the other short, so that 5000 pip run you mention will most likely be followed by a 6000 pip profit on the opposite trade.
2) Regarding your statement 'Forex is optimized to question any strategy' I cannot argue with you there. Truer words were never spoken. It's precisely why statistical arbitrage has been around for so long, since the first Hedge Fund (Hedged Fund) in fact.
1) Please read up on Statistical Arbitrage: Wikipedia has a great primer on the methodology. An arbitrage trade is 2 pairs, one long and the other short, so that 5000 pip run you mention will most likely be followed by a 6000 pip profit on the opposite trade.
2) Regarding your statement 'Forex is optimized to question any strategy' I cannot argue with you there. Truer words were never spoken. It's precisely why statistical arbitrage has been around for so long, since the first Hedge Fund (Hedged Fund) in fact.
Aug 22, 2012 at 03:22
statarbpro posted:
1) Please read up on Statistical Arbitrage: Wikipedia has a great primer on the methodology. An arbitrage trade is 2 pairs, one long and the other short, so that 5000 pip run you mention will most likely be followed by a 6000 pip profit on the opposite trade.
fine then you're not going to crash on the 5000 pips move; however still whenever you place your hedge trade there's always 50% chance the hedge will go in the wrong direction,eg: one pair will be stronger (when you sell it) and the other weaker (when you buy it).
I doubt this can be exploited without any risk ... maybe only with a martingale. Anyways I'll shut up now.
