alonfx posted: Obviously, in hindsight it was a mistake to let the system run on the week leading to Christmas.
I was told by your employee, the other Peter, that you were winding things down on the 21st, but yet you continue to trade.
You had insight, not hindsight, and you chose to ingore it.
Also you won't get the same results from Alpari demo and live as the data feeds are different, the demo uses the premium feed from the 20k account whereas the micro and classic are somewhat more expensive on spreads.
I hope for your sake, and reputation you started to build, it recovers people's losses.
Thanks Peter for clarifying the issue of not having stopped trading up to and over xmas, I was also under the impression that things would quieten down on your trades over this period due to the increased volatility, it sounds from what you are saying 'Obviously, in hindsight it was a mistake to let the system run on the week leading to Christmas' that the system is a robot, is that correct? Also I am still none the clearer as to why there are 4 losing trades and 4 winning ones on the live account for the 23rd December versus 8 losing trades on the FXCBS/my account? Clearly they are not running the same trades......Can you please explain what is happening......and if it will be rectified.....as it is quite confusing. Thanks
These are the exact questions that I wanted to ask sophieo, thank you. It's not so unbelievable to lose in forex. But if there is some kind of trick about the shown results and real results, this is the real problem.
The subscription service costs $99.99 per month and includes a free copy of 'Trade Duplicator.' I tried the software myself, but ended up buying Signal Copy instead. For me, Signal Copy gives me the added flexibility to set my own limits, position sizes, etc. I also have it running on a VPS platform controlling a couple of different accounts from different brokerages--Alpari (US) and FXCBS.
Some Changes include: a) No more double trades (in same pair simultaneously) b) Limit to number of simultaneous open trades c) Manual trading only in US and Euro session, with Asia being automated with manual monitoring. d) System Lock out during news
Leverage remains at 10:1 and we will recover the losses incurred at christmas sooner rather than later,