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AlonFx10/30 (由 Peter Harding )

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AlonFx10/30讨论

agnilak
Dec 21 2010 at 19:00
5帖子
Hello Peter,
Regarding the actual managed accounts, do they execute the same trades that are executed on the live account that we can see? If so, will the managed accounts reflect the same profit of around 63%(current profit), that we see in the live account?
In what way does the live account differ from actual managed accounts? Can you please give a short explanation of the differences between the 2 accounts and how they affect the profit on the actual managed account? Thanks.
cinlung
Dec 22 2010 at 16:07
21帖子

Hi all,

I just browsed SmartTradeFX.com website. They have no physical office address and contact phone numbers.
At their FAQ it is said:

- Where is SmartTradeFX registered and located?
SmartTradeFX is registered in Hong Kong, where its head office is located. There is support offices around the world, in Canada, India and Switzerland.


- Is SmartTradeFX regulated by NFA or CFTC in USA?
We are currently not registered members of NFA or CFTC. Currently it's not in the best interest of our clients for us to register with the NFA or CFTC due to the new hedging and FIFO regulations. However should the need arise for us to join these regulatory bodies, we will gladly do so.


- Are SmartTradeFX client’s funds safe?
Yes, SmartTradeFX Client Funds accounts are insured, and are on deposit with our liquidity provider a CYSEC regulated entity.

What is CYSEC? anybody here knows about it?

Thanks.
triantafc
Dec 22 2010 at 16:12
4帖子
Cyprus Securities and Exchange Commission...
cinlung
Dec 22 2010 at 17:32
21帖子
Thanks triantafc,

Smart Trade FX is regsitered in Hong Kong but why they need Cyprus commissioning?
Don't we have clear classic broker a registered company with physical address anymore in this world?

If things gone bad, the Hong Kong government will easily just say 'Oh they are just registered as a common company. We didn't know they do accepting traders money and trading forex.'
Then the Cyprus government would say 'We are just monitoring their tradings to certain level, but it is fully foreign company, a.k.a Hong Kong company, we take no responsibility on whatsoever circumtances might caused'.

I lost words now.
unikbit
Dec 23 2010 at 07:13
31帖子
cinlung, you have right, plus they are in business since the begining of 2009, so pretty young
CCC (FPLFX)
Dec 23 2010 at 10:34
3帖子
Peter, the last 6 trades you have 2 Trades with profit and 4 lost trades. On my live account I have all 6 trades in loss. How can this happen?
swnke2
Dec 23 2010 at 10:38
8帖子

FPLFX posted:
    Peter, the last 6 trades you have 2 Trades with profit and 4 lost trades. On my live account I have all 6 trades in loss. How can this happen?


I have the same, the last 6 trades all lost which is different to the live account.
CCC (FPLFX)
Dec 23 2010 at 11:47
3帖子
This month have your live account Fxcbs profit of 25%. This would be very nice. My live account have only 4,63% profit. I have more trades in loss than you and compouding (active money mangement) is very bad with so much lost trades.
mishutka
Dec 23 2010 at 11:58
2帖子
Your 4.63% is likely to become negative after the 30% performance share since they take it from the maximum profit during the month. This was the case with my account in November.
jpeter
Dec 23 2010 at 12:46
4帖子
Hi all, what spreads you have with your live FXCBS accounts?
I saw nice spreads between 1 - 2 pips with commission free account what seemed to be OK.
When FXCBS accepted AlonFX LPOA, it looked like they have added further commission or what, and spreads are between 2 - 3 now.
Anybody else experiencing this? thanks
ForexPro
Dec 23 2010 at 14:05
382帖子

alonfx posted:
    
ForexPro posted:
    Computer driven modelling on past data? LOL we call it backtest..
Since multi-pair EAs can't be back tested together on mt4, your answer isn't very satisfactory. Plz be more precise. Thx.

1. Backtest is not a generic name for historical data modelling, more related to Metatrader and Tradestation. In Institutional modelling other applications are used for analysis. Actually, metatrader backtesting is quite weak and hugely inconsistent from broker to broker. (because most broker make up prices as they go long to help profit the desk)
2. Multi-pair EA can be backtested on MT4 using currency pair combining application.

Please upload your backtest. Thanks.
CCC (FPLFX)
Dec 23 2010 at 16:39
3帖子
Peter, what happens here???!!!! I have 8 trades in lost!!!! And on you live occount is only 4 trades in lost!!! I have lost all my profits since my first investment!!! I have -30% since yesterday!!!
Hasbi
Dec 26 2010 at 07:56
5帖子
I was about to use this system until I read FPLFX's messages. I will not send the LPOA form until we get a good explanation.
sophieo
Dec 26 2010 at 11:48
10帖子
What caused this?

It was going well up until 22nd Dec, increase of 28% from 12th Nov, then on 23/24th it has dropped back to just over 10% below my initial investment. Obviously there are risks with Forex but I would like to understand what happened.

I would also like to know why trading was still happening so close to christmas isn't it know to be much more volatile then? If trading had stopped on the 22nd all those losses wouldn't have happened.
cinlung
Dec 27 2010 at 13:27
21帖子
It is turning sour these last couple days.. :(
PRandell
Dec 27 2010 at 19:50
31帖子
Hey Guys,

You cannot expect any strategy's performance to go straight up. There will be drawdowns. Unfortunately the market has no trend this time of year, and from what i can see this strategy needs a trend to be successful. Starting first of the year, once everyone's back from holidays, it should continue to perform the way it has in the past. The recent drawdowns don't concern me.

But what DOES concern me is the fact that certain members are stating that while the live account is showing, for example, 4 straight losses, their live accounts show 8. I don't understand this discrepancy since they are all on the same broker with the same spreads. Slippage can play a role of course, but if the only account that succeeds is AlonFx's, then this strategy is of no use to the rest of us.

I hope Peter can shed some light as to why everyone else's losses are greater than his.

P
unikbit
Dec 28 2010 at 08:27
31帖子
I hope they don't use auto trading these days, seems they are away
sophieo
Dec 29 2010 at 02:34
10帖子
My FXCBS account only shows 2 (losing) trades for the 28th Dec but the live account shows 12 trades (6 losing and 6 winning), same 3 losing trades on the 24th, 8 losing trades and 1 winning on the 23rd compared to the 4 losing and 4 winning on the live account...... I agree this is the most concerning aspect, that these figures are different and it seems worse than the live account, which I believe we are supposed to be duplicating, so something seems to be up. There also seems to be quite a time lag on some of the opening/closing times between the live and FXCBS acc. Looking forward to some news.
unikbit
Dec 29 2010 at 12:12
31帖子
I think is good they are still trading this days, this way we can see how good they in such days. And we have the answer.
Anyway other companies I saw they did almost 700 pips even these days.
Peter Harding (alonfx)
Dec 29 2010 at 13:05
37帖子
Hi,
We have stopped trading 10/30 until Monday of next week until market intraday movements are more normal.
Obviously, in hindsight it was a mistake to let the system run on the week leading to Christmas.
Please remember this is a high risk system and we have clearly stated 25% drawdowns are not out of the questions, hence $1500 entry level.
We can only look forward now to a strong January recovery.
Bringing you a Brighter Future in Forex
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