Discusión Sector Capital 1 - PriorFX

Hi @BP33

What an unfortunate situation we are in. Have you thought abou the future for sector capital?

Compensation should be in order either from Priofx or whoever holds the blame for the orders not being filled.

tomazxyn posted:
if we were earning a minimum of 5-10% for the past 4months like when we were in hotforex we would probably have less to worry about after yesterday CRACKDOWN

I am not an investor with this trader, but I somewhat agree with you by analysing the performance of this account and previous account at hotforex.

He is a great trader, there is no doubt on that. But even with 5% a month with 45% protection, it just needs 1 price spike a year in one pair to wipe out the entire profit of the year. 1 price spike in just one currency pair is not uncommon when the system trades so many pairs simultaneously.

Whether it happens due to broker fault or system fault or VPS problem or whatever, if it will hit 45% once in a year, then it will take one more year at least to cover the loss for 45% with 5% profit per month cumulatively.

If the broker is regulated and it is a broker fault, then the broker may compensate the loss.

Otherwise, I see only two ways for this system either to increase the monthly return or decrease the equity protection.

I didn't get my daily confirmation either yesterday.... Let's hope this is resolved.
I'm praying that we didn't lose all our money

Accelerate posted:
Compensation should be in order either from Priofx or whoever holds the blame for the orders not being filled.

you could probably take them to court after all you did sign a legal document

This time the error was in the market, there was no price..... the freezing of the system would with all probablity be STG orders waiting up to be executed, sad story question is wheather the broker guaranteen 45 percent down, or the holder of the algo.

Most algos have an extra execution algo the kills all positions if draw down reaches a certain percentage, but this is however not a guarantee that there will be no slippage.

Many people think this is a fake myfxbook account... :(

My Loss have been cut to 25.2% from 52%..something is going on in the background.

tomazxyn posted:
My Loss have been cut to 25.2% from 52%..something is going on in the background.

Yes, mine also.

My account has suddenly decreased to a lower number.

Hopefully it is an error, more than 1000 USD lower now than a few days ago.

My loss is now 58% according to the balance now.

Even if it is an error, I think such errors should not be able to happen.

Imagine having your bank account show errors now and then?

tomazxyn posted:
My Loss have been cut to 25.2% from 52%..something is going on in the background.

same here :D.....waiting for bp33 response now.

They are probably trying to allocate the trades, it can change many times still.

If the result of the Pam, is what it states on MYFXbook, everyone will end up with a loss like that give or take

My account is currently at a 52,4% loss. Interested to see how we go forward from here on out.

Now cut to 59%..we really need some explanation

same here 59% now

how funny, friday night i was talking with support. when asked about 45% protection, support reply me all account stopped at 40% equity. then i asked about 85% dd in myfxbook but currently i have 52% equity after bp33 closed all trade. then he replied i will get an e-mail about this issue this monday.


now i assume they rest everyone account equity to 40% even though bp33 closed all trade in 52% equity. forget about compensate.

i don't know forex about much, but i heard if account size is more than 5million that moment due to liquidity supply there can be slippage.

why allocate trades when all trades are closed?

It doesn't make sense.

Mine account balance is gone from 2550 to 1245 to 1800 and now 1049 usd since yesterday! Creepy...