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Sector Capital 1 - PriorFX (Od BP33 )

Používateľ odstránil tento systém.

Sector Capital 1 - PriorFX Diskusia

watchme
Oct 15 2016 at 00:10
582 príspevkov
ebokai posted:
By the way, I have removed all my funds from my priorfx account. I hope any corrections will be deposited into the account if it turns out mistakes were made. I'm curious to see if sector 1 will continue trading in the future, but it will take a long time to get back to normal levels. I wish you all the best in your investing future.
Thanks so much for the updates.
Never Give Up or Give In To The Market
leo23
Oct 16 2016 at 06:43
631 príspevkov
Actually, with a very similar system a 5% per month can be very easily generated with maximum 10% drawdown absolutely safely where as this trader uses a 45% protection to target 5% per month.

In this system, almost every day was getting closed in a small net profit consistently everyday and I think that's why investors got interested in the system even though the trader uses a 45% protection with 5% monthly because the chances of hitting the equity protection are very rare. However, it can be done with higher targets or less equity protection.

With 40% protection at least 15% to 20% per month can be made absolutely guaranteed every month. In this case, the investors don't need to even worry about how to recover loss even after a equity protection is hit due to such flash crash events, because it can be covered just within 2 to 3 months.

By this comment I don't want to sound promoting myself to get investors because I don't have any long term track record to show to others what I am talking about, but I am just talking about the possibility and facts and I am sure I can do that if any investors will be interested because this is not my personal approach of trading. In case if any existing investors in priorfx are interested, then I can do that with priorfx itself.

I am very sorry if it still sounds like a promotion. Myfxbook support can remove this post if it sounds like a promotion here.
Artificial General Intelligence
Vengence
Oct 16 2016 at 07:08
25 príspevkov
leo23 posted:
Actually, with a very similar system a 5% per month can be very easily generated with maximum 10% drawdown absolutely safely where as this trader uses a 45% protection to target 5% per month.

In this system, almost every day was getting closed in a small net profit consistently everyday and I think that's why investors got interested in the system even though the trader uses a 45% protection with 5% monthly because the chances of hitting the equity protection are very rare. However, it can be done with higher targets or less equity protection.

With 40% protection at least 15% to 20% per month can be made absolutely guaranteed every month. In this case, the investors don't need to even worry about how to recover loss even after a equity protection is hit due to such flash crash events, because it can be covered just within 2 to 3 months.

By this comment I don't want to sound promoting myself to get investors because I don't have any long term track record to show to others what I am talking about, but I am just talking about the possibility and facts and I am sure I can do that if any investors will be interested because this is not my personal approach of trading. In case if any existing investors in priorfx are interested, then I can do that with priorfx itself.

I am very sorry if it still sounds like a promotion. Myfxbook support can remove this post if it sounds like a promotion here.

i agree with what you are saying the EA it's self is good and profitable it just needs to learn to handle the DD i would be happy with a max DD of 10%
plop1234
Oct 16 2016 at 07:08
8 príspevkov
You are not talking about facts as long as you cant show at least live transactions from any trading system, making 15/20 percent a month is absolute rubbish
leo23
Oct 17 2016 at 09:54
631 príspevkov
plop1234 posted:
You are not talking about facts as long as you cant show at least live transactions from any trading system, making 15/20 percent a month is absolute rubbish
yes, you are correct. I can't claim this as fact until I show the results. But I don't chase for 15% to 20% with 45% equity protection for my own accounts because my targets are much higher than this.

But if you or anyone has a 10K LIVE account with a good broker with good spread, then just send me the login details and I will set it up my system for free for 1 month and you can see by yourself whether it is achievable or not what I am saying. I will publish it in my myfxbook profile.

Why 10K? Because in 10K the maximum lot size is 0.01 lot.

By the way, you can see the performance within a week. I will use same 45% equity protection and same target 15% to 20% per month.
Artificial General Intelligence
leo23
Oct 17 2016 at 09:55
631 príspevkov
Sorry. A small correction for my above post for 2,000 USD the maximum lot is 0.01 lot. So if you have 2000 USD with a broker like either pepperstone or Priorfx, then send me the login details.

This is just to show the performance of my system and hence, the account has to be new account , not a old traded account with past histry.
Artificial General Intelligence
fx4btc
Oct 17 2016 at 09:55
97 príspevkov
plop1234 posted:
You are not talking about facts as long as you cant show at least live transactions from any trading system, making 15/20 percent a month is absolute rubbish

oh its possible if banks can offer liquidity for us traders to mange risk, but once liquidity disappears we can't manage risk.

I was averaging 20% -30% monthly for last 6 months until GBP liquidity disappeared and left my account with a negative balance of $1400 which TOS makes me pay.

https://www.myfxbook.com/members/fx4btc/absolute-gain-4661-usd/1696113

Now I am manual trading with a completely different trading approach averaging 15% monthly with 30% equity protection.

https://www.myfxbook.com/members/fx4btc/macromanpro/1701555

It is a good risk reward ratio compared to only making 3-4% monthly with 45% Equity protection. BB33, that is ludicrous and I really feel sorry for those that joined Sector Capital. The recovery would take more than three years!!!

plop1234
Oct 17 2016 at 10:10
8 príspevkov
Well so you were not making 20/30 percent a month, you lost in the end.... so hardly worth bragging about.

There was liquidity to escape, but not for bigger positions in 1 go, and 400 orders would have had 400 diffrent rates
Franck44
Oct 18 2016 at 06:03
21 príspevkov
Hi BP

When will you trade again ?
We need to recover the loss, we need you my friend !

fire_kid
Oct 18 2016 at 11:00
50 príspevkov
@bp33 any update from your side?
Jamal20nat
Oct 20 2016 at 14:33
38 príspevkov
leo23
Oct 21 2016 at 12:59
631 príspevkov
According to my calculation trying to recover the entire loss from this system again may take at least 8 to 10 months if the same monthly return will sustain.
Artificial General Intelligence
fxtrader555
Oct 21 2016 at 13:03
5 príspevkov
Jamal20nat posted:
where is everyone?

where is BP33? he blew up everything here and then vanished
Franck44
Oct 21 2016 at 13:06
21 príspevkov
We all are waiting for bp
Vengence
Oct 21 2016 at 13:21
25 príspevkov
hopefully BP33 is modifying his EA to handle draw down better for round 2 😄
BP33
Oct 22 2016 at 02:58
121 príspevkov
Hi All,

Brief update although absolutely nothing new to add to what has been said already.

PriorFX are still yet to provide any answers and have only suggested they're about to now that investors have complained about them to the regulator. Clearly, they have something to hide.

Two key issues remain:

1) *Access to the market was denied*, this the ONLY reason there was a stop-out in the first place.
    Comments suggesting otherwise are just plain stupid.

2) It appears PriorFX did not stop out investors correctly at 45%.
    If you are one of those investors affected you should have already made a complaint to the regulator.


One small piece of new information, I'm taking a break. When I resume it certainly won't be with PriorFX.











Igor Furlan (ISFurlan)
Oct 22 2016 at 12:17
46 príspevkov
BP33 posted:
When I resume it certainly won't be with PriorFX.

Good.
FTDFX (eruditeX)
Oct 22 2016 at 18:32
52 príspevkov
so previously was hotforex so now priorfx...

so what's next?

i fairly think all brokers are about the same, end of time, some risk as long its technical is beyond help.
leo23
Oct 23 2016 at 06:20
631 príspevkov
Few investors in this thread argued previously that 15% per month can't be achieved with 45% equity protection with a similar system where as in our system we have used 30% protection only and it already achieved 16% in this week. But obviously it uses high risk.

Investors in this system can have a look into our system in our profile for verifying the above fact.

Note: This post is only for information purpose referring to a previous post and not intended for promotion

Artificial General Intelligence
fxtrader555
Oct 23 2016 at 06:57
5 príspevkov
BP33 posted:

1) *Access to the market was denied*, this the ONLY reason there was a stop-out in the first place.

not true. you exposed the account way too big to GBP. Have you seen the long long list of open trades ? Besides buying GBP after brexit is plain stupid.


BP33 posted:
One small piece of new information, I'm taking a break. When I resume it certainly won't be with PriorFX.

where did we hear that before ? was it when you fled from HF ?
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