Discussion Sector Capital 1 - PriorFX

Good decision towards HotForex.

Hi BP33 and fellow investors,

Is there a myfxbook or any other past performance record for the Sector 1 Low service?

Thanks.

I believe that was closed due to lack of interest

I believe this is the new myfxbook profile of BP33:

https://www.myfxbook.com/members/BP33/sector-1-moderate/1576945

Hello BP33,

I'm praying about your equity now. Be careful my friend ;)
xoxo

Elena Chopin

Hi @BP33 great performance over the last couple of months, just a tad concerned now about the significant exposure on GBPAUD buys.... should we be worried?

Ho, isn't anyone having massive draw down issues in their account?
My statement from priorfx for the 22nd September, saids I'm currently in 90% equity draw down on my account, a total of $6.3k usd!

I've emailed priorfx and will call them shortly. I thought there was a 40% equity stop?!?

phynicle posted:
Ho, isn't anyone having massive draw down issues in their account?
My statement from priorfx for the 22nd September, saids I'm currently in 90% equity draw down on my account, a total of $6.3k usd!

I've emailed priorfx and will call them shortly. I thought there was a 40% equity stop?!?

I had the same problem. I asked priorfx about the statements. The answer was that the MAM slave accounts cannot show exact floating p/L from MT4 as i understood it. The daily statements is thereby misleading because it doesnt show the exact lot sizes. The support then replied that I should contact the 'asset manager' because he has to allow the information.

BP33, is this about privacy of your system?

I think its a major problem that investors get misleading statements... In my situation I dont know my exact equity because i recently have deposit more money and i dont have any chance to know how good/bad the money 'entered' the trades if you can follow my concerns...

phynicle posted:
Ho, isn't anyone having massive draw down issues in their account?
My statement from priorfx for the 22nd September, saids I'm currently in 90% equity draw down on my account, a total of $6.3k usd!

I've emailed priorfx and will call them shortly. I thought there was a 40% equity stop?!?

I had the same problem. I asked priorfx about the statements. The answer was that the MAM slave accounts cannot show exact floating p/L from MT4 as i understood it. The daily statements is thereby misleading because it doesnt show the exact lot sizes. The support then replied that I should contact the 'asset manager' because he has to allow the information.

BP33, is this about privacy of your system?

I think its a major problem that investors get misleading statements... In my situation I dont know my exact equity because i recently have deposit more money and i dont have any chance to know how good/bad the money 'entered' the trades if you can follow my concerns...

What is happening with equity? 😭

phynicle posted:
Ho, isn't anyone having massive draw down issues in their account?
My statement from priorfx for the 22nd September, saids I'm currently in 90% equity draw down on my account, a total of $6.3k usd!

I've emailed priorfx and will call them shortly. I thought there was a 40% equity stop?!?

it's priorfx bug, calculate manually from myfxbook statement. even last week BP33 made 0.78% profit but according to priorfx - my account made more than 1% profit (i used weekly date filter to check profit). however if i calculate manually it's almost 0.78% profit.

There has always been a problem with priorfx statements showing incorrect equity(at least for those with accounts<5k). The only way to find out your current equity is: (master's equity x your current balance)/100.
Since this drawdown my last statement shows -3.5k equity.
However, is this bug happening only for those with accounts smaller than 5k or is happening for everyone?

thedoc93 posted:
There has always been a problem with priorfx statements showing incorrect equity(at least for those with accounts<5k). The only way to find out your current equity is: (master's equity x your current balance)/100.
Since this drawdown my last statement shows -3.5k equity.
However, is this bug happening only for those with accounts smaller than 5k or is happening for everyone?

It happens on accounts bigger than 5k...

Priorfx explained that information in statements is inaccurate because it does'nt get all information, which the asset manager has to accept to 'deliver'. If I understood correctly...

thedoc93 posted:
There has always been a problem with priorfx statements showing incorrect equity(at least for those with accounts<5k). The only way to find out your current equity is: (master's equity x your current balance)/100.
Since this drawdown my last statement shows -3.5k equity.
However, is this bug happening only for those with accounts smaller than 5k or is happening for everyone?

It happening with all accounts as I can see. I have account way bigger than $5000 and I have around 40% drawdown now.

myfxbook never mind...

Ok, aside from the error in daily statements..... We're caught in a large draw down!

Oh... This doesn't look good. Hope everything goes well.

My daily statement is showing drawdown equal to -34% of cash balance.
Whereas the Master account is about -11%.
Anyone has similar issue?

watchme posted:
Oh... This doesn't look good. Hope everything goes well.

What it doesn't look good? It's just 12% drawdown.