Contest - slowlybalm Diskussion

Thanks Dawson, would have love to post the screen shot, but my template will be too complex for ordinary eyes😄. You can imagine a template with about nine different strategies and 36 different indicators will be complex with just a view. but I understand the language it speaks 😁. But will post some simpler ones at the end of the contest, due to strategic reasons.😄

36 indicator NO KIDDING ?? i dont think i have that many in my mt4 platform )))

Are you Nigerian?. . . . .Damilare sounds Yorubaish. . .

hmmm ! Omo Oduduwa..lol

Proudly Nigerian 😄

Olorun Oba OOO. . . .Omo Naija lo'n dale ru nibi yin. . .O gaa O. Mo Gbedi fun en. . .

People eyes dey RED now!!! my rival did about 9000 lots today to close up and overtake me 😲.
I dont have that liver 😁
But its Well

slowlybalm posted:
People eyes dey RED now!!! my rival did about 9000 lots today to close up and overtake me 😲.
I dont have that liver 😁
But its Well

It doesn't matter. If you can turn 50k to more than a million in a month in a demo competition... . . then we can assume, conservatively, that you can turn 5k to at least 10-15k in a month if compounded properly. I bet boys are breaking down your door to manage capital.. . . . I beg show me the way.

Hello House 😱😱😱 there is a proble on the trading platform 😡😡😡

PLEASE MY FELLOW TRADERS THERE IS AN ERROR/GROSS CHEAT IN THIS CONTEST.....

I just long SILVER AT 33.41 and my trade was modified back to 34.41 within a seconds😲. leading to a bigger loss instead of profit.

please its not about the money involve in the contest but the integrity of the broker is at stake.

i need your support all.

attached is the screenshot. check the ticket number, date and time on it and the candle stick, my trade was modified back to price of 5th october @ 34.41

Regards

ANOTHER NOTICED ERROR/CHEAT

PENDING BUY OF XAGUSD @ 33.570 not activated when the lower candle price on 1hr tf has gotten to 33.38 before reversing ?

find the attached ....

Attached

slowlybalm posted:
Hello House 😱😱😱 there is a proble on the trading platform 😡😡😡

PLEASE MY FELLOW TRADERS THERE IS AN ERROR/GROSS CHEAT IN THIS CONTEST.....

I just long SILVER AT 33.41 and my trade was modified back to 34.41 within a seconds😲. leading to a bigger loss instead of profit.

please its not about the money involve in the contest but the integrity of the broker is at stake.

i need your support all.

attached is the screenshot. check the ticket number, date and time on it and the candle stick, my trade was modified back to price of 5th october @ 34.41

Regards

Why worry padi mi. . . na competition. . . I would never open an account with this bucket broker. . .i've noticed similar manipulation in the past. . .though i'm not saying it is the reason for my losses though. still a newbie/

hehehhehe :)

Hi Damilare,

Regarding your pending buy XAGUSD, I think it's difficult to tell whether there was any error there.
The spread of XAGUSD at the time you took the screenshot was 33.985 - 33.815 = 0.17.
Assuming constant spread then yes, your pending buy should have been triggered.
However, spread does change.

About the other issue, I don't think it was a cheat. If anything, it must have been an error.
I maybe wrong, but I would expect real and demo accounts to connect to different servers and receive independent price feeds, no?
I don't see any reason for a broker to spend time manipulate price feeds for demo accounts.

But I agree with you, even if it was an error, still it doesn't give a good impression of the broker.

My 2 cents.

meessras posted:
Hi Damilare,

Regarding your pending buy XAGUSD, I think it's difficult to tell whether there was any error there.
The spread of XAGUSD at the time you took the screenshot was 33.985 - 33.815 = 0.17.
Assuming constant spread then yes, your pending buy should have been triggered.
However, spread does change.

My 2 cents.

Thanks Ray for you contribution , it worth more than a cent advice. firstly with respect to the pending order, if look at the wick tail of the hammer head candle, the lower price hit 33.38 before reversing, meaning it must have passed the pending order 33.57.
although that is not a big issue. the one that is big issue and has affected my profit margin is the LONG position I entered at 33.41 and suppose to be in big profit , but was quoted with 3 days back price of 34.41 , leaving my account with big losses. While the market price as at date 9th October has not even gotten to half way of the qoute price.




I want to use a lay-man narration to explain the error.

1. if a trade on XAGUSD of 100 lots @ 34.16 on 2012.10.8 2:51PM = - $170,000 ( -35PIPS)

2. 1 placed a trade on XAGUSD of 100 lots @ 33.41 on 2012.10.9 22:21pm (but quoted as 34.41) with ERROR losses = -$299000

THEREFORE with the error,

the trade in number one suppose to be in profit of 25pips

i.e current ERROR market price as at the time - entry price
                                    34.41 - 34.16 = +25PIPS


https://www.screencast.com/users/slowlybalm/folders/Jing/media/5e2056a1-663a-4bdb-8cd2-6977201fe848

have chat with IAMFX support and i was adviced to send mail to their support department.

I hope it will be rectifed before the competition is over, because it has really discourage me from participating in the competition with the little days i have in a week to trade.

finger cross

Despite several mails sent to IAMFX and MYFXBOOK support about the error cause by their demo server to my account, no reply from them. Now coming in from work and logged into my account, I realize it has done lot of damages to my position , affecting my account by 900% plus. (484000/50000 * 100). And this is a bad sign to and intending investor with IAMFX, if their server can be errornously manipulating customers position to big loss and without being able to rectify it.

So what will be my stake if a trade I entered LONG on SILVER on 9th October 22:21pm at 33.41 and suppose to have yield a profit above $200000, but was errornously manipulated by their server immediately after entrying as 34.41 with instant losses of -$299000 and presently -$484000.

https://www.screencast.com/users/slowlybalm/folders/Jing/media/5e2056a1-663a-4bdb-8cd2-6977201fe848

I should accept it has A DESTINY?

Not destiny, but a sound lesson. most of these brokers are bucket brokers since they aren't properly regulated. Plus, no broker wants a good trader to be with them. they want people who would 'donate' constantly to their funds. I would advice in the future to spread your account between numerous brokers preferably in the USA and never let your equity be too large in one account. no be beans to turn 50k to more than 1mil in a month. you know how much damage you can do with a live account? if it was me i'd be scared too.

Thanks My Brother for the advice. Can anybody recommend any MT4 platform and well regulated broker either in USA or another country. Although have been using FXopen for 2-3 years now, have not heard bad report about them. but is good to spread risk.

I would recommend fxsolution. well regulated, no swap of commission which means you can open trades indefinitely without getting charged. only problem is leverage is 1:50 unlike fxopen where you can pick what you want. Back when i lived in Naija fxopen was good to me until i moved to the states and they had to block all US residents due to regulations. Fxopen is Good and are user friendly. Another nice one you might consider is Marketiva and fxcm. Best of luck.

slowlybalm posted:
Thanks My Brother for the advice. Can anybody recommend any MT4 platform and well regulated broker either in USA or another country. Although have been using FXopen for 2-3 years now, have not heard bad report about them. but is good to spread risk.

you can use Liteforex ... their spread is pretty much fixed... my friends have been using it for years already ...

there are many options for deposit and withdrawal too... for swap free, you can use lite2 account..

the current market price line is always updated in real time (streamed) ...

hope this helps.. :)

Thanks Bidemi12 and SNGBSA , I will give them a trial.