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XE Market Forex Hacked Set 1 (By Jayman007 )

Gain : -98.91%
Drawdown 99.37%
Pips: -1666.0
Trades 247
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

XE Market Forex Hacked Set 1 Discussion

rob559
Oct 09 2012 at 00:30
1916 posts
i have 5 open buy....

Jayman007
Oct 09 2012 at 00:36
142 posts
rob559 posted:
i have 5 open buy....


I have 6. We don't all have the same trades cause as soon as you start FH it will open a trade and since we all started at different times out first trades are not the same. All subsequent trades are based on that first trade. For set file 1, new trades are opened every 32 pips. So once your last opened trade is -32 pips it should open the next one and so on. The TP will always be 45 pips from the last trade opened.

force199
Oct 09 2012 at 13:50
8 posts
Hi everyone,

For this week XE are offering 50% bonuses to new clients. It's not advertised on their website. But if you open a live account and leave it unfunded, I think they phone you the next day to entice you to fund the account with the 50% bonus up to a maximum of $1000. At least that's what they've offered me.

I managed to negotiate and ask them to offer me the 50% bonus on two separate accounts of $900 each, the rep said yes on the phone but I'll see if they actually do it or change their minds. But this way I can have a second funded account with a small amount of my own money ready in the future to try out other strategies. Using their money.

Jayman007
Oct 09 2012 at 14:13
142 posts
I denied all bonuses. If you read the terms you are agreeing to unfavorable conditions. Any withdraw from your account (even profit) and you lose all the bonus. Also, according to their terms, accepting the bonus could cause you to lose more than you have invested in your account.

Make you you fully read the terms on these things as they are setup to give you a disadvantage.

rob559
Oct 09 2012 at 14:36
1916 posts
i don't use my 30% bonus in the lot size determination,i use it only as a buffer in case things go south,but at instaforex i can wd profit only witch is good enough

Alan (PureLife)
Oct 09 2012 at 14:45
13 posts
Some of the bonus like Tradefort offers also comes with terms and conditions. With bonuses, one of the terms is 50% MC, which is deadly in terms of martingale accounts.

No loss is too great until you lost your mind.
Alan (PureLife)
Oct 09 2012 at 14:46
13 posts
The bonuses are withdrawn on MC, and the trade is closed on a low. The biggest lot will come into effect first which seriously blows any chance of breakeven if that really happens

No loss is too great until you lost your mind.
force199
Oct 10 2012 at 17:41
8 posts
Well this is a bit of a dilemma.
I've double checked the terms with them. You do lose your bonus as soon as you withdraw your money, but you don't lose more than your deposit+bonus. Having a margin call does not lose you the bonus.

Here are excerpts from some of their emails that answer some of the other questions raised here.

=====================

Regarding your concern , I would like to inform you that you cannot lose more than you deposit.The Terms and conditions are regarding to the bonus we are offering you on your deposit.

Example : If you deposit 500 $ we offer you 30 % bonus = 500 +150 =650 $ All this amount can be lost in trades if the market goes against you.

In the Micro Account the Stop Out Level is at 5%

In the Standard Account the Stop Out Level is at 20 %
==================
1)I would like to inform you that the Margin Call is given when the account reaches 50 % .

2)I would like to inform you that the bonus cannot be withdrawn in any situations.The bonus is given to keep alive your margin and to trade with it.
==================

PS unfortunately, it turns out you can't have 50% bonus anyway if your account is tied up with someone like cashbackforex, like mine.

The one thing I couldn't figure out is, if you lose your bonus, does your account revert to standard terms and conditions for accounts that never had a bonus to begin with?
Jay, do you know the answer to this, the chappie I was talking to seemed confused by the question.

Jayman007
Oct 10 2012 at 18:08
142 posts
jasoniu
Oct 11 2012 at 13:52
6 posts
I don't have good confident on xemarkets as their online service is not helpful. Back office won't reply you. I suspect how many people working there.

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