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XE Market Forex Hacked Set 1 (by Jayman007)

Zysk: -98.91%
Spadek depozytu: 99.37%
Pipsy: -1666.0
Transakcje: 247
Wygrane:
Strata:
Typ: Rzeczywiste
Dźwignia: 1:500
Handel: Automatyczny
force199
Sep 24 2012 at 14:42
8 postów
Hi Jay,

I'm sorry to see you lose interest in liteforex, after the last spike I can understand why, but I would have thought you would just lower your lots instead.

At any rate, I've been looking to use your settings on XE Markets for quite a while. Here is a link to a demo I've set up. I hope you find this useful.
https://www.myfxbook.com/members/force199/xe-markets-demo-7185553/387214

I find the behaviour of FH pn XE Markets quite different, also, at 0.02 lot settings on a $3000 deposit the booster setting of 1.7 doesn't work as it needs to round up the numbers to 0.03 or 0.04.

I haven't had time to properly analyse the FH behaviour on XE Markets, but so far it seems to be in profit.
What I'm really surprised at is that on XE, FH didn't experience the large spike that liteforex gave just a couple of weeks ago. I need to look in to whether its skipping trades.

Jayman007
Sep 24 2012 at 14:51
142 postów
What is the point to keep trading with a broker that cheats their clients? Rather than support them and advertise them I have closed my account and will trade with another broker that seems to be more fair.

I am trading a micro account with XEM which is the same as the cent at LF. I started with $150 and starting lot size .1
Once I feel comfortable with them I will increase to $1500 and starting lot 1.

So far the price feeds seems stable on XEM. I have not been testing long but I'm hoping to see some volatile activity so that I can be sure they are providing an accurate feed. I can say that the spreads they offer on micro are the same as that offered on standard as I am recording the spreads on both in real-time for analysis.

fxtrader76
Sep 27 2012 at 17:46
19 postów
be careful with the max lot

with xemarket the max lot is 100

Jayman007
Sep 27 2012 at 17:50
142 postów
fxtrader76 posted:
be careful with the max lot

with xemarket the max lot is 100


Thank you for the warning but this is the same as with liteforex. This is a reason I will never trade this account with a larger starting lot size than 1 lot

force199
Sep 28 2012 at 08:56
8 postów
I had my first really frustrating day with LiteForex today. First of all I discovered some erroneous trades on my old account, 86 consecutive trades of 30cents, opening and closing itself one every minute, costing me $12. I've seen this before, but thought it was an FH problem, now I realise its a LiteForex problem so have complained to them.

I was manually hedging myself out of the FH spike over the last week, the number of re-quotes is unbelievable, and always at much worse prices. Anyway, more out of luck than skill I made over $500 profit, I decided to withdraw my money and start a new account, but the withdrawal process is full of conundrums. I hope this is just me being silly, but rather than allowing me to withdraw via debit card the same way I paid, they keep going on about digital purses. Now I have to wait till they open tomorrow to find out what this is about or if they're just playing games with me.

Jayman007
Sep 28 2012 at 09:02
142 postów
force199 posted:
I had my first really frustrating day with LiteForex today. First of all I discovered some erroneous trades on my old account, 86 consecutive trades of 30cents, opening and closing itself one every minute, costing me $12. I've seen this before, but thought it was an FH problem, now I realise its a LiteForex problem so have complained to them.

I was manually hedging myself out of the FH spike over the last week, the number of re-quotes is unbelievable, and always at much worse prices. Anyway, more out of luck than skill I made over $500 profit, I decided to withdraw my money and start a new account, but the withdrawal process is full of conundrums. I hope this is just me being silly, but rather than allowing me to withdraw via debit card the same way I paid, they keep going on about digital purses. Now I have to wait till they open tomorrow to find out what this is about or if they're just playing games with me.


It is NOT you being silly. They are playing games 100%. They will say many things to delay the withdrawal process as they are not funded properly. They don't have the money to give you back until new deposits are made. This is now quite apparent. Have a look over at FPA https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/21146-liteforex-scam.html and see that this is now quite common. They even go as far as accuse you of breaking AML rules to hold your withdrawal for another 14 days.

CSXFund
Sep 28 2012 at 18:51
2 postów
Liteforex is a scam. I purposely submitted a request to cancel all deposit bonus a week before I closed all my trades to withdraw. It seems they use the 'bonus program' as a way to cause problems / delays when clients withdraw profits / bail out. You can never read the fine print associated with the bonus properly. I had received my withdrawn funds after about 14 days.

CrazyTraderfx (CrazyTrader)
Sep 28 2012 at 20:58
1717 postów
Guys are you serious?
I just don't get it... so many people complaining about Brokers.
Are you all failling into the trap by commercial that propose 100% Bonus on your first deposit.

They are only few brokers that you can be confident with... We all know about it... FXCM, Pepperstone....

Why choising another scum bag broker... all they want it's your money!


Jayman007
Sep 28 2012 at 21:12
142 postów
CrazyTrader posted:
Guys are you serious?
I just don't get it... so many people complaining about Brokers.
Are you all failling into the trap by commercial that propose 100% Bonus on your first deposit.

They are only few brokers that you can be confident with... We all know about it... FXCM, Pepperstone....

Why choising another scum bag broker... all they want it's your money!



FXCM is one of the biggest scam brokers around.

The point is that in order to trade a strategy like this you either need large capital or micro lots. The reason for going with lite forex is the cent accounts. You can start trading a strategy that would normally require $3000 for just $150. The same with XEM. This is important when test a strategy long term. I don't run large money with these brokers. They are used for testing on a live feed with live trading conditions. Demo trading doesn't give you the same results.

https://www.forexpeacearmy.com/public/review/www.fxcm.com

CrazyTraderfx (CrazyTrader)
Sep 28 2012 at 21:38
1717 postów
I can't complain about FXCM France even if they have a bad spread compare to my Pepperstone account.

My advice will be: Only test in real what you really think is THE strategy to win because remember..; only 10% or less people win at Forex so be sure what you test.

I do be belleive my new Money Management Model that brokers are not going to tell you. I know it's the way to win... so I trade with it in live without a doubt!

You must be really confident with your strategy. If not... don't trade with it... don't even try... it's wasted time. : )

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