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UC Profit (By FXPIG )

The user has made his strategy private.

UC Profit Discussion

aeronthomas (aeronthomas)
Jan 19 2017 at 23:39
1557 posts
oh no what happend?

FXPIG (FXPIG)
Jan 19 2017 at 23:43
24 posts
The manager held trades and added positions outside the permitted parameters, and before we were able to reach him there was a stop out. Subsequently, he told us that the 13% max risk was per 'day' and that trades held for multiple days could see larger losses. We did not accept this explanation and have since asked him to explain exactly what happened, however, we have only gotten very vague responses. As a result, we have disabled his access to the master account pending a full investigation into what actually did occur.

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aeronthomas (aeronthomas)
Jan 19 2017 at 23:44
1557 posts
I notice Euronis also crashed, is it the same manager?

FXPIG (FXPIG)
Jan 19 2017 at 23:46
24 posts
No. In fact, the Euronis account we have on our MyFXBook profile did not crash, this was another account traded by Euronis. Completely different circumstances and trades.

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aeronthomas (aeronthomas)
Jan 19 2017 at 23:46
1557 posts
FXPIG (FXPIG)
Jan 19 2017 at 23:48
24 posts
We are aware of the stop out, I was just clarifying that this was a private PAMM traded by the Euronis team, and not the Euronis PAMM listed on the FXPIG MyFXBook Profile Page.

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aeronthomas (aeronthomas)
Jan 19 2017 at 23:49
1557 posts
FXPIG posted:
We are aware of the stop out, I was just clarifying that this was a private PAMM traded by the Euronis team, and not the Euronis PAMM listed on the FXPIG MyFXBook Profile Page.
okay thanks I always thought Euronis was an EA so surprised it crashed and your PAMM survived. cheers

FXPIG (FXPIG)
Jan 19 2017 at 23:54
24 posts
It is an EA, but like all EAs a manager can make changes to parameters or manually intervene as they see fit. It seems that the PAMM that crashed had some issue. Euronis has told us they are looking into it.

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aeronthomas (aeronthomas)
Jan 19 2017 at 23:57
1557 posts
FXPIG posted:
It is an EA, but like all EAs a manager can make changes to parameters or manually intervene as they see fit. It seems that the PAMM that crashed had some issue. Euronis has told us they are looking into it.
Looks like it was on GBPAUD pair if the summary is anything to go by, huge negative pips overall on this pair. Feel very sorry for those investors. Surprised some sort of equity protection EA didn't kick in, or SLs on the trades. Will be many unhappy people. If it happened on their other PAMM, I hope it doesn't happen on the other PAMM listed on your public page since it's same management team...

FXPIG (FXPIG)
Jan 20 2017 at 00:02
24 posts
Obviously, there was a lot of negative pips as there was a stop out, that goes without saying. The thing is other PAMMs traded by Euronis elsewhere and even the other account traded with us did not see these trades. Forex is forex, so most anything that can happen will happen. Hopefully after they find out what happened they will be able to take steps to be sure it does not happen again. We of course will help in any way we can.

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