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Author Topic: Forex Manager DBA  (Read 14381 times)

Online HFT Group

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Re: Forex Manager DBA
« Reply #90 on: December 11, 2018, 08:29:47 PM »
you just keep on dancing around the simple request. Provide a link to one single myfxbook performance page that shows over 600 trades total minimum.

I bet you can't. Its clear that you are hiding all the previous blow-ups by having myfxbook stop updating.

And I won't even bother reading your BS lengthy replies.

Keep it nice. If you can't provide proof then don't make unfounded accusations. If you can't be bothered reading the "BS lengthy replies" to questions you put forward then I suggest you stop asking them.

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #91 on: December 11, 2018, 08:40:09 PM »
Do you have more than one lead traders, right? Do they align their trade decisions so that  their performances for all investors are the same? Or, is the performance lead trader dependent?


Lead Traders & Decisions: 
Yes there is more than one Lead trader and they have been trading together years prior to the 2009 PAMMs.  That $400k FXM Institutional account is a different Lead trader to the one that carried out the Verification (page 2). Trading is same for all, but its possible that Lead traders may increase their own risk as they can afford greater risks than most Clients ie. input a 50k balance as 100k, which is Not allowed with Client accounts, but even this is rare and could only be done on extremely high leverage brokers.

Performance variability: 
> Servers: The primary aspect that may vary are servers - we have numerous dedicated servers in NY4 and LD4 from which we trade, some have different providers and hardware, who knows, its possible that one server performs a couple milliseconds (ms) ahead of another at times. 
> Processing:  There are many accounts, again its possible that the first account to be added at a broker has a couple ms latency advantage over the last since any processing takes some little time...usually Lead traders are of the first to arrive at venues.  We gradually add more servers as and when required. 
> Front-end:  When we view our list of accounts on our UI (trading station), all we see are numbers and codes, as shown in screenshots and explained in the following post;
Different trades or plans or symbols: https://donnaforex.com/index.php?topic=20305.msg380479#msg380479
These "performance variability factors" are mostly outside of our control.

Performance Updates / Comparisons:
Since we only invoice 1-3 times a year, the primary reason we send monthly emails to clients and why we pay attention to monthly performances is to compare brokers & platforms and to update Clients on important matters, Not to promote a monthly "return-of-investment" expectation.

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Forex Manager Team
« Last Edit: December 11, 2018, 08:47:40 PM by ForexManagerDBA »
9 Years Verified Managed Accs. Min $10k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline petersurrey

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Re: Forex Manager DBA
« Reply #92 on: December 12, 2018, 08:50:54 AM »
Megabot Team it appears you chose the wrong thread/forum to pick a fight  - FXM have been around for years and the only pro forex provider I have consistently profited with, having tested just about every EA/service/signal site out there over the last 15 years.

It also doesn't do your cause any good when you bash another provider without making any informed debate, or ask reasonable non-judgemental questions and wait for the response.

 FXM has been trading institutional platforms for years using split-second trading tech which is completely different to trading the many crap EA's on retail MT4, and as we all know is heavily weighted against the trader - most ECN platforms are not ECN etc etc.

You are also confusing the lack of long-term individual broker track record with their overall long-term profitable track record. Bucket shop brokers cannot tolerate persistently winning systems in which case FXM has to move on to the next profitable broker which can manage their more consistent approach- nothing wrong with that.

None of my trades has ever involved any visible drawdown, which is not to assume it may not happen it is just that they stack the odds hugely in their trader's favour.   One of the biggest risks in forex IMHO is spending too long in the market and being exposed to gaps/black swans etc  - with a system which spends just a few seconds if that per trade a few times per month you are reducing your risk to tiny %.

So moving forward let's try to keep the debate to open discussion without being judgemental before knowing all the facts...


Offline deankenny

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Re: Forex Manager DBA
« Reply #93 on: December 12, 2018, 12:32:44 PM »
Forex Manager, do not waste your time or energy even responding to the likes of Megabot. They have clearly been hurt by Forex so bad that they have some sort of vendetta against anything and everyone within Forex even if they do turn out to be legit and profitable, megabot seems so determined that EVERYTHING in forex is a loser that whatever you say, prove or post in reply will not change their 1 track judgemental mind, as we can cleary see from the not so educated responses they give you.


Online laracroft

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Re: Forex Manager DBA
« Reply #94 on: December 14, 2018, 03:18:49 PM »
I have seen that in these days jonpearce (HFT Group) and other customers who had HL VIP accounts with Pepperstone have withdrawn all their funds, transferring them elsewhere.
This is due to the given notice of ForexManager DBA: Pepperstone, at runtime, converts limit orders into market orders and this increases the risks of trading.
Also I have an HL VIP account with Pepperstone -
On which brker it is advisable to transfer the funds ?
Unfortunately, ICMarkets no longer accepts HL VIP accounts

Offline FLechdrop

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Re: Forex Manager DBA
« Reply #95 on: December 14, 2018, 04:23:53 PM »
Unfortunately, ICMarkets no longer accepts HL VIP accounts

That says something about them, if they don't...

Online HFT Group

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Re: Forex Manager DBA
« Reply #96 on: December 14, 2018, 09:00:15 PM »
Unfortunately, ICMarkets no longer accepts HL VIP accounts

That says something about them, if they don't...

laracroft means ForexManager are not taking any new accounts at IC Markets currently, not that IC Markets are not allowing them to be opened.

Online HFT Group

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Re: Forex Manager DBA
« Reply #97 on: December 14, 2018, 09:03:12 PM »
I have seen that in these days jonpearce (HFT Group) and other customers who had HL VIP accounts with Pepperstone have withdrawn all their funds, transferring them elsewhere.
This is due to the given notice of ForexManager DBA: Pepperstone, at runtime, converts limit orders into market orders and this increases the risks of trading.
Also I have an HL VIP account with Pepperstone -
On which brker it is advisable to transfer the funds ?
Unfortunately, ICMarkets no longer accepts HL VIP accounts

Referring to the monthly performance email is advised when seeking an alternative broker to Pepperstone.

Offline vinoc

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Re: Forex Manager DBA
« Reply #98 on: December 17, 2018, 02:09:07 AM »
The fact that you are in a state of denial is a major turn off.

Please present one single account that has traded with more than 600 trades. Even if its only less than 6 months old.

Please reply with a simple myfxbook page. No need for the lengthy arrogant BS replies.

The more trades youll have the more likely you will blow up. Its a simple math that applies on any scalp system that relies on high volatility and extremely high leverage.

Can people really be so lazy sometimes that they cannot answer their own simple, easy to find questions?

This account yields 12,226 trades. It only took 30 seconds to find.
https://www.myfxbook.com/members/ForexManagerDBA/228-hl-vip-mt4-frtrs01/1328783

This one yields 1,942 trades.
https://www.myfxbook.com/members/ubertrading/ftk-4207/222343

Next thing you know, they still won't be satisfied with the answer, and will move the goal post to something else.
« Last Edit: December 17, 2018, 02:16:06 AM by vinoc »

Offline FLechdrop

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Re: Forex Manager DBA
« Reply #99 on: January 10, 2019, 10:36:03 PM »
Just to check: are the myfxbook accounts that were previously on Pepperstone still running live?

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #100 on: January 11, 2019, 07:03:41 AM »
Hi FLechdrop, not sure if the following answers your question.

Myfxbook Links:  Their automatic updating of accounts tends to drop/stop occasionally for no apparent reason. Many active live accounts stopped updating at year end.  Some platform updating cannot be resumed easily like with MT4 accounts and may require deleting off myfxbook, then adding again and regenerate new links - its a nuisance.  Soon we'll go through all active accounts to resolve.
 Clients are welcome to send us an email to reactivate or regenerate their links that haven't updated for more than say 48 hrs - please specify the VIP number or provide the actual link to be updated.

Thanks
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Forex Manager Team
9 Years Verified Managed Accs. Min $10k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline nick3232

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Re: Forex Manager DBA
« Reply #101 on: January 11, 2019, 04:14:45 PM »
everything looks fine to me,nothing to to be too ,seems very honest and transparent given the size of clients and the business

 

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