Forex Envy

[donm]

As I heard envy 3 will no longer require set files? And get all settings put through? Like a real set and leave ea?

Will there be set file for 50/1 margin, US accounts?

[busybody]

Does anyone know if the Power Edition account has been following the advice to turn off short cycles during news events or has it just been running 24/5?

[JamesFX]

As I heard envy 3 will no longer require set files? And get all settings put through? Like a real set and leave ea?

Will there be set file for 50/1 margin, US accounts?

FE will not work with US accounts....
especially the No Hedging Rules   

James

[Hello]

Advertisement

Does anyone know if the Power Edition account has been following the advice to turn off short cycles during news events or has it just been running 24/5?

I believe this is automated with the new 3.0 version.  Meaning, shorts are automatically turned off/on when the criteria is met.

[Philipe]

Hi guys,

is there anybody  using IBFX au with envy?

regards,
Philipe

[Tyler]

As I heard envy 3 will no longer require set files? And get all settings put through? Like a real set and leave ea?

Will there be set file for 50/1 margin, US accounts?

FE will not work with US accounts....
especially the No Hedging Rules   

James

Hi,
I'd love to understand better what are the limitations of US citizen and why, somebody can explain or link me some to read.
Thank you.

[mokh]

Hi guys,

is there anybody  using IBFX au with envy?

regards,
Philipe

Philipe, i'm using it on their mini account - long cycles only

[Pipaddiction]

I took a look at FE accounts on myfxbook. All of them show green, but some of them have not updated a while. 

Try again. They updated 3 hours ago.
http://www.myfxbook.com/members/ForexEnvy

All OK. All Green

No.
Forex Envy PAMM account
"Updated:Mar 11 at 23:09"

[bmwtech21]

Hi All,

I suggest that further Envy discussion should be done on the Envy Forum. At least there only legit Envy purchasers will be reading the comments.

I have reposted the EnvyDeskTop indicator:
http://www.donnaforex.com/forum/index.php?topic=5926.msg184869#msg184869

BB,

This is a great idea and I totally agree with you, but the Envy Forum needs to be upgraded so that we can see all the forum topics. Hopefully this will happen soon. Thanks for keeping FE profitable! 

[mmbeak78]

@Tyler: Here's a link to a thread about the FIFO regs that were introduced by the NFA:

http://www.donnaforex.com/forum/index.php?topic=572.msg7247#msg7247

...which I believe put restrictions on the type of buy/sell orders US traders can use. The NFA et al REALLY seem to have it in for US traders. I believe that they currently cannot trade with leverage greater than 50:1 and this could possibly even be lowered to 10:1!
This is why US traders talk of PAAM accounts - the lower leverage available means significantly more $$$ are required to trade with, so traders with less capital can join one larger PAAM account, with one primary Manager doing exactly that - managing the capital the traders have invested. In this instance, the Manager is Team Envy (Robert I assume?).
I'm not a US citizen (other side of The Pond), so I will very probably be incorrect with a fair bit of this. I'm sure there are PLENTY of people who I hope will correct my errors.

Hope this helps,

Marc

[Philipe]

Hi guys,

is there anybody  using IBFX au with envy?

regards,
Philipe

Philipe, i'm using it on their mini account - long cycles only

Hi Mokh,

and is it working as it should?
If you have no problems ,I think I am going to open a mini-account with them.
 
I am not sure that Cyprus-brokers (tradingpoint)are surviving the problems they are facing.

regards,
Rob

[gchoksi]

hi bb,
i have a lot of pairs trading 6/7/8 levels deep.
when do i need to start getting worried??!
please let me know your thoughts.
thanks,
gc

[Tyler]

@Tyler: Here's a link to a thread about the FIFO regs that were introduced by the NFA:

http://www.donnaforex.com/forum/index.php?topic=572.msg7247#msg7247

...which I believe put restrictions on the type of buy/sell orders US traders can use. The NFA et al REALLY seem to have it in for US traders. I believe that they currently cannot trade with leverage greater than 50:1 and this could possibly even be lowered to 10:1!
This is why US traders talk of PAAM accounts - the lower leverage available means significantly more $$$ are required to trade with, so traders with less capital can join one larger PAAM account, with one primary Manager doing exactly that - managing the capital the traders have invested. In this instance, the Manager is Team Envy (Robert I assume?).
I'm not a US citizen (other side of The Pond), so I will very probably be incorrect with a fair bit of this. I'm sure there are PLENTY of people who I hope will correct my errors.

Hope this helps,

Marc

Hi Marc,
thank you for expanation and link, +1 rep 

[kaltrax]

hi bb,
i have a lot of pairs trading 6/7/8 levels deep.
when do i need to start getting worried??!
please let me know your thoughts.
thanks,
gc

If you invest some time to read and learn all this things about FE, at page 131 you could be read this post by Sponn:

You don't need to do anything until level 10 or 11 (I would say 11 is still safe).
When you have got 11 open trades you should watch this pair for possible retraces, support lines, etc. Also keep an eye on coming news especially with red flags. After level 11 has been opened (or even level 12) you can consider changing standard TP to breakeven TP. It's easy and can be done into settings - just change it to around 43-46 pips (it's for every pair I believe). After level 14 better keep you fingers near enter to make a chicken out...

Is good ask questions but also try your own research .... only a bit. 

[Walking Hell]

yes, -5000pips in open margin :p

http://www.myfxbook.com/members/Wall/cdeb/309752

12 open trades in EURJPY i put settings to break even now.