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Author Topic: FXPig  (Read 96306 times)

Offline Gekko

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Re: FXPig
« Reply #15 on: April 20, 2012, 02:27:19 PM »

Looks like your in-house managed account (DOOR) did alright this week.......14%, suppose that would just about be acceptable  :P

http://blog.fxpig.com/


Offline robl45

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Re: FXPig
« Reply #16 on: April 21, 2012, 02:39:08 PM »
is the site down? i'm getting xml errors on chrome

Offline seamonkey

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Re: FXPig
« Reply #17 on: April 21, 2012, 02:47:36 PM »
Appears so, their blog says their Amazons Cloudfront Servers are down and they are working on it.

Offline Sylvain @ FxPig

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Re: FXPig
« Reply #18 on: April 21, 2012, 03:18:22 PM »
Yes indeed that should be solved soon. Here is the blog message :



FXPIG Main Web Site Down
April 21 2012 by CEO in Updates |No Comments

It appears there is an issue with Amazons Cloudfront Servers which is causing our main web site to not display properly.

We are working to solve this as quick as possible and get the site back online.

During the downtime you will still be able to access all of our externally hosted resources:

http://helpdesk.fxpig.com ONLINE

http://blog.fxpig.com ONLINE

And of coarse this outage in no way effects our trading servers, the issue is 100% related to our main web site and our main web site ONLY.

Offline Kevin @ FXPIG

  • Kevin Murcko
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Re: FXPig
« Reply #19 on: April 22, 2012, 04:40:34 AM »
Our main web site, located at http://www.fxpig.com is now back online.

We are still not 100% sure what caused the downtime, but it appears there was a connection issue between our Cloud Storage and the Amazon Cloudfront Content Delivery Network.

In order to gain a better control over the stability of our site and its network we have moved it to our own Cloud Servers which are monitored directly by our Development Team.

As always, in the event of any downtime please check our blog for the most up to date information. We also publish service updates via the following Social Media Sites:

Google + http://gplus.to/FXPIG

Facebook http://facebook.com/FXPIG

Twitter http://twitter.com/OINK411
skype. fxpig.kevin

Offline iwillsurvive

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Re: FXPig
« Reply #20 on: April 23, 2012, 01:15:54 PM »
Our main web site, located at http://www.fxpig.com is now back online.

We are still not 100% sure what caused the downtime, but it appears there was a connection issue between our Cloud Storage and the Amazon Cloudfront Content Delivery Network.

In order to gain a better control over the stability of our site and its network we have moved it to our own Cloud Servers which are monitored directly by our Development Team.

As always, in the event of any downtime please check our blog for the most up to date information. We also publish service updates via the following Social Media Sites:

Google + http://gplus.to/FXPIG

Facebook http://facebook.com/FXPIG

Twitter http://twitter.com/OINK411

Hi Kevin,

Would it be alright to show your open trades for your DOOR ECN system?

http://www.myfxbook.com/members/FXPIG/door-ecn/275774

Also, what are the important differences between your DMA & ECN account?
I notice the ECN account is a new addition for fxpig. you guys started with the DMA account originally :)
« Last Edit: April 23, 2012, 01:18:30 PM by iwillsurvive »
Abundance Trading Group - www.abundancetradinggroup.com/
>>Providing generous forex rebates / commission discounts , custom indicator downloads and more

>>Email: linton[at]abundancetradinggroup.com
>>Skype: iwillsurvive100

Offline Sylvain @ FxPig

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Re: FXPig
« Reply #21 on: April 23, 2012, 05:01:25 PM »
Hello

First of all, with the figures the system is showing lately we have been obliged to hide our trade data as some people where looking far too closely and asking far too inquisitive question on the system probably to try to reverse engineer it...We have to protect ourself. We do not have any open trade open; Actually the system is only trading few hours a day and all trades are close when the cession is over. we do not have money in the market overnight, never.  We understand the need of transparency and that you might not take my word on that of course and i understand that. So to replace the full trade data we have decided to open a live streaming of the system where we will be able to choose what we want to show. I hope this will be available on our website by next week. At least you will be able to verify there easily what i am saying above (same account than the myfxbook you mention)


As for the DMA you are perfectly correct - We tried to make the system work on the DMA all last year, trying to shape our feed/liquidity as we thought would be beneficial for the system  - But it is fair to say that we did not really succeed at the level we were hoping. We then moved it on our ECN, and results are satisfactory so far. Hope it will continue in that direction. Do not forget this is a risky forex investment and the actual low 5% drawdown notably  will most probably not remain at this level ... You will see 30% drawdown on this system and this has to be aknowledged before stepping in...

Offline Kevin @ FXPIG

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Re: FXPig
« Reply #22 on: April 23, 2012, 05:45:10 PM »
Actually up until last week we did show all the open and pending orders as well as the entire account history, however we then came to find out that at least one reverse engineering expert was attempting to use his expertise to re-create our system, so in an effort to protect our property we made most details private on both MyFXbook and FXSTAT.

The main differences with the ECN is more overall liquidity coverage, more liquidity tiers, tighter pricing between tiers, the addition of many more LPs, added retail and institutional client liquidity in the main book, and TPs are executed as limit orders.

Cheers,
« Last Edit: April 26, 2012, 11:23:25 AM by Kevin @ FXPIG »
skype. fxpig.kevin

Offline Sidekickeh

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Re: FXPig
« Reply #23 on: April 25, 2012, 05:16:06 AM »
A quick note as i have just seen this thread. I have been with FXIG for about 4-6 months, and in that time i have found them very helpful, in fact the after sales has been the best i have come across by far, both in fx and out! I have been a member of the DOOR managed account and have had a few DMA accounts with them which I have closed to open new accounts on the new ECN feed (by the way, when it was opened one of the guys skyped me asap to tell me it was open as I was desperate to trade the NMi super scalper on it)

Also on their blog is this post about FXHOY http://blog.fxpig.com/

I know this sounds like a sales pitch, but I thought I would post this as they have been good and helpful to me and I am in no way any thing to do with them.

This is my myfxbook if anyone's interested, there will be another one set up very soon with the same settings just at a different VPS to see if there are any differences in trades

http://www.myfxbook.com/members/spoon/fast-scalp/264126/wJPRH3gzzpmYOBDeobtD (btw, the first  few trades where mdp, which i took off as my vps was under powered)

Thanks Gekko. I just read the blog post.

Geeze.. just read this part too. "The fact is I personally ran a high risk managed account at a known brokerage, OANDA, and made a return of nearly 800% in 4 months in late 2008. Then in early 2009 we took a huge hit, nearly 90% in a 3 day window."

Thats pretty crazy Kevin. Quite the return. IMO, you need to get your head out of the retail frame of mind I think. Trying to make such huge returns with other people's money. Its not worth it. And it can only be done on small client money. Never on institutional (big money). I always ask people.. what good is making 1000% if you can lose 100% the next day? It takes some people a bit of time to grasp that, but most eventually do. 

I would focus on your brokerage, and working with low risk, large client trading. Otherwise this story above is going to become the story of your life. Just my 2 cents. of course you are free to do what you like, and to tell me to go get lost and mind my own business, and same with everyone else. j/k. I have myself had traders lose 90% of my funds in a day before, so can relate to it, and at the end of the day have assumed all risk myself as everyone should.

Offline Kevin @ FXPIG

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Re: FXPig
« Reply #24 on: April 25, 2012, 05:31:49 AM »

Some strategies are meant to be high risk, some are not. This was high risk trading. Everyone involved new the risk and if they claim they did not they either failed to read the provided materials or they are simply not being truthful. The fund was never meant to grow very large or handle that much capital. At any rate this was years before FXPIG was ever even brought to the drawing board, however seeing as the internet can be a one sided place I posted what I did to simply set the record straight.

Cheers,
skype. fxpig.kevin

Offline zuk156

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Re: FXPig
« Reply #25 on: May 01, 2012, 12:29:02 PM »
Is it just coincidence that both DOOR and Megadroid got hit in  Achilles heel on the same day?

Offline Sylvain @ FxPig

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Re: FXPig
« Reply #26 on: May 01, 2012, 12:56:19 PM »
Hello zuk

I think many traders and systems have been hit by the spanish news..
If you were trading at this time, the movement was quite strong. And yes the DOOR system was caught of the wrong side of it right after S$P announcement
In a way it is a good things to show people that this system can see drawdown period. It is not a risk free system!ANd we see this kind of drawdaow every 5 to 6 weeks statistically. Now I hope that it will be able to recover from it like it usually does. That is the most important

Offline Kevin @ FXPIG

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Re: FXPig
« Reply #27 on: May 01, 2012, 06:08:13 PM »

Yes it is.

I am sure if you look many systems that trade during Asia got hit on Thursday/Friday due to the news out of Spain on their credit rating and the subsequent EURO fallout.
skype. fxpig.kevin

Offline zuk156

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Re: FXPig
« Reply #28 on: May 01, 2012, 06:39:52 PM »
Yes, you are right, for some other systems 27th was also unlucky.

Black day for eas.

Offline Dash

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Re: FXPig
« Reply #29 on: May 02, 2012, 06:46:41 PM »
I would like to congratulate FXPIG for being an honest and down to earth broker. This is definitely one of the brokers I wouldnt mind trading large capital with. this is one of 3 brokers i wouldn't mind depositing 100k capital with.