UC Profit (By FXPIG)
The user has made his system private.
UC Profit Discussion
Aug 01, 2016 at 05:16
669 Views
14 Replies
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 23:39
oh no what happend?
Jan 19, 2017 at 23:43
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.
Where Traders Come to Win
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 23:44
I notice Euronis also crashed, is it the same manager?
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 23:46
Sorry I should have clarified. This account https://www.myfxbook.com/members/EURONIS/euroniscom-19043-managed/1395583 also on fxpig
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 23:49
FXPIG posted:okay thanks I always thought Euronis was an EA so surprised it crashed and your PAMM survived. cheers
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.
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 23:57
FXPIG posted: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...
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.
Jan 20, 2017 at 00:02
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.
Where Traders Come to Win
Member Since Dec 04, 2010
1557 posts
Jan 20, 2017 at 00:04
I wondered if it was massive spread widening that can happen especially in more exotic pairs over rollover time...
Member Since Dec 04, 2010
1557 posts
Jan 20, 2017 at 00:13
FXPIG posted:ah yes the huge GAP on GBP pairs due to hard brexit fear after PM May speech outlines released before her actual speech to parliament. And of course even if there was a SL a GAP goes through it. Looks like also happened on the Global Prime account, although it managed to survive... https://www.myfxbook.com/members/EURONIS/euroniscom--globalprime/1585919 why I always fear for systems keeping trades opened on the weekend. cheers Kevin.
No, the account was under 10 pips from a stop out on the Friday close... with an already widened spread. It was the 200+ pip gap that killed the account and sent it into negative territory.
Member Since Dec 04, 2010
1557 posts
Jan 20, 2017 at 00:19
FXPIG posted:Looks like under summary GBPUSD longs for the FXPig PAMM Euronis also large negative pips, I assume it was also affected by this GAP, but perhaps managed to survive as can't see the same large negative pips on GBPAUD pair, so didn't get a double whammy, of GAPS on both pairs (with very high correlation between those pairs on GBP news). cheers
Yes, the GP account was lower risk, about 30% it seems.
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