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Author Topic: Forex Envy  (Read 478003 times)

Offline fx.mstr

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Re: Forex Envy
« Reply #3540 on: July 04, 2012, 02:53:43 pm »
What would be the account size requirement for a relatively conservative usage of FE? And what version?

$36.000,- HV long-cycle only with risk=1. Returns appr. 8-9% monthly.

Thank you. Is that the most conservative setting of this EA?

If $36K needs for Hotforex, than Pepperstone, that provides "only" 400:1 leverage (and no bonuses), needs larger capital?

Do the 50% or 15% bonus matter someting? The 15% can be lost, the 50% not.
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Offline Forex_Envy

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Re: Forex Envy
« Reply #3541 on: July 04, 2012, 02:54:41 pm »
Thanks for the feedback everyone. It looks like the News Filter is working properly.

-Team Envy


We have activated the News Filter for most of the Short Cycle pairs...

Can any of you confirm your News Filter has been activated? Does it appear to be working properly?


thanks,

Robert
All activated, GPBUSD already closed all baskets and stopped trading.

Online e1vis

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Forex Envy
« Reply #3542 on: July 04, 2012, 03:02:27 pm »
Hello everyone,

Our current set files loaded in our server only go to 100 lots (max-100). There are a lot of brokers that limit to 100 lots like Tradefort and Trading Point, which is why you should open up several small accounts if you have over $4,000 in a cent account.

Right now I only see this being an issue with Instaforex (accounts based in 10,000 units) and for members trading with large amounts of capital (over a quarter million dollars).

I think there may be issues if I increase the set files in the server to 1000 with members using cent accounts because the server will load set files for a larger max lot size than the broker will allow resulting in trades getting blocked when a large basket is formed.

I think we will have to send members custom set files for capital levels over $300,000 and for Instaforex users. They would still be able to use the News filter and the NBP function.

It is very difficult to code a solution for every situation because of all the different set-ups out there.


-Robert from Team Envy

Robert - ibfx also uses 10,000 unit accounts. And 50 lots maximum too I think.

I'm trialling a $8.5k demo on power settings and I suspect I may be suffering lower than normal returns. Perhaps it would be better as 2x $4k accounts..?
« Last Edit: July 04, 2012, 03:06:34 pm by e1vis »

Online nwboater

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Re: Forex Envy
« Reply #3543 on: July 04, 2012, 03:19:09 pm »
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Robert has revised the 3.0 Account Pico start amounts:

$360 - HV Long/Short (was $240). Now the same as required by 2.1 HV Set Files.
$180 - Power Long/Short
$105 - NV Long
  $75 - LV Long

Also mentioned was we should restrict our 3.0 testing to Accounts with realistic Balances.
Say 1x to 5x the min start amounts.
Until the Set File server software is modified to handle the very large accounts balances some of us are using in Beta test.
Like ME...  :-[  :(

As I found out the BaseLotSize maxes out and will not go above 0.09 for Power Longs.
Others have found as I did that the ROIs are not very good.
This is what is causing it.
So guys lets cut back the Chart/Mode Combos Working Balances (Risk * Balance) to no greater than 5x the min for your Broker type.
Until FE create and upload the new Set File server software.

Anyone trying to get 3.0 Manual Mode to work, like me, needs to wait for the next 3.0 Beta update.
When I go live at TradeFort I will have a $500  Cent account. So my present 3.0 demo is a $50,000 account since they don't have cent account demos.

Am I understanding that for the time being I can only have an account of 5 x 180 = $900 max with Power? Will the lot sizes on the TradeFort demo account be small enough to work properly?

Thanks,
Rod

I haven't had a response to my post above, but think I just realized a big mistake I made.

The figures BB gave are for a CENT account. So I need to multiply my above max figure of $90,000. x 100 = 90,000. This would be the max for power on a Trade Fort Demo account Right? If so then my 50k demo should be within the correct range.

Thanks,
Rod

Online flatour

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Re: Forex Envy
« Reply #3544 on: July 04, 2012, 03:25:39 pm »
About brokers,
I hope FE team will find a solutions for real USD capital up to maybe 20 000USD
I'd prefer TradeFort than Insta, but if I must go Insta, I will
Thanks
Invested in very profitable MAM

Offline JamesFX

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Re: Forex Envy
« Reply #3545 on: July 04, 2012, 03:31:11 pm »
About brokers,
I hope FE team will find a solutions for real USD capital up to maybe 20 000USD
I'd prefer TradeFort than Insta, but if I must go Insta, I will
Thanks

With $18000 you can use a proper ECN Broker like IC Markets already.
You don't have to go with TradeFort or Insta.  :)

Offline spotdespot1

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Re: Forex Envy
« Reply #3546 on: July 04, 2012, 03:39:42 pm »
We have activated the News Filter for most of the Short Cycle pairs...

Can any of you confirm your News Filter has been activated? Does it appear to be working properly?


thanks,

Robert

Yes - definitely working well here.  I had EU/GU FATP's anyway and turned FATP off and the news filter handled it.  Thanks.

Offline ultracat

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Re: Forex Envy
« Reply #3547 on: July 04, 2012, 04:22:37 pm »
Here is a Power Long and Short, Risk=5.0 demo on Hotforex if anyone is interested to follow.  I am going to see how long it lasts, and how much money it generates before it crashes. 

https://www.myfxbook.com/portfolio/envy-30-sl-power-risk/339640

Offline MWCore

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Re: Forex Envy
« Reply #3548 on: July 04, 2012, 04:34:12 pm »
I just had an EURUSD short cycle trade close with a massive loss on both my Power Demo and my 3.0 HV demo. I haven't had the time to look into this, so I'm not yet sure if somethign went wrong, or if it was just a SL (but for a SL the loss seems to be waaay too small). The accounts can be seen here:

http://www.myfxbook.com/members/MWCore/pols-tradefort-3k-l500-r1/336920
http://www.myfxbook.com/members/MWCore/hvls-tradefort-l500-r1/336930

Offline Forex_Envy

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Re: Forex Envy
« Reply #3549 on: July 04, 2012, 04:57:40 pm »
Can you write support and let me login and see what happened to your account. This was not a negative basket, this was something else and I would like to check it out.


Regards,

Robert



I just had an EURUSD short cycle trade close with a massive loss on both my Power Demo and my 3.0 HV demo. I haven't had the time to look into this, so I'm not yet sure if somethign went wrong, or if it was just a SL (but for a SL the loss seems to be waaay too small). The accounts can be seen here:

http://www.myfxbook.com/members/MWCore/pols-tradefort-3k-l500-r1/336920
http://www.myfxbook.com/members/MWCore/hvls-tradefort-l500-r1/336930

Offline poorman

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Re: Forex Envy
« Reply #3550 on: July 04, 2012, 05:23:23 pm »
I asked profiforex about open orders, looks like new limit is 100 open orders.
 
"Cent account" limit is now 100 orders.
 If it is still not enough, please let us know.
 
Thanks and Regards,
Victoria Rouvali
Account Service Manager
Profiforex Corp.

i didn't know Profiforex has a limit 0f 50 orders.
i will check with team envy about the settings. i saw i can ask a request to have more open orders on the account based of their FAQs.

then i will see if team envy want me to contact profiforex support to increase the amount of open orders.

Quote
Are there any restrictions concerning the number of orders that can be opened at the same time?

You can open not more than 50 orders simultaneously.
 We can raise this limit to 300 orders upon the request, but the minimum volume in this case will be 0.05 lot.

Offline reinerh

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Re: Forex Envy
« Reply #3551 on: July 04, 2012, 05:34:12 pm »
I just had an EURUSD short cycle trade close with a massive loss on both my Power Demo and my 3.0 HV demo. I haven't had the time to look into this, so I'm not yet sure if somethign went wrong, or if it was just a SL (but for a SL the loss seems to be waaay too small). The accounts can be seen here:

http://www.myfxbook.com/members/MWCore/pols-tradefort-3k-l500-r1/336920
http://www.myfxbook.com/members/MWCore/hvls-tradefort-l500-r1/336930


looks to me like it was missing one position on the eu series. might have been due to the needed order not being filled.

Offline Forex_Envy

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Re: Forex Envy
« Reply #3552 on: July 04, 2012, 06:31:20 pm »
All the positions closed negative so it was more than just a negative basket... unless I missed something.

Robert


I just had an EURUSD short cycle trade close with a massive loss on both my Power Demo and my 3.0 HV demo. I haven't had the time to look into this, so I'm not yet sure if somethign went wrong, or if it was just a SL (but for a SL the loss seems to be waaay too small). The accounts can be seen here:

http://www.myfxbook.com/members/MWCore/pols-tradefort-3k-l500-r1/336920
http://www.myfxbook.com/members/MWCore/hvls-tradefort-l500-r1/336930


looks to me like it was missing one position on the eu series. might have been due to the needed order not being filled.

Offline reinerh

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Re: Forex Envy
« Reply #3553 on: July 04, 2012, 06:33:24 pm »

i am sure you will figure it out robert :)

Offline sponn

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Re: Forex Envy
« Reply #3554 on: July 04, 2012, 06:40:47 pm »
It looks like basket was chikened out... somebody clicked chicken out or it was some bug into FE...

BTW I'm going to prepare some accounts for FE and have got small question. Is it better to run two x 900 usd accounts (from what I understand it's the biggest cent account that FE can handle) or run one 1800 usd account with Instaforex (standart) or IBFX AU (they use 1:10 000 on their standart accounts).

I'm talking about gains and risk (and yes I know that two 900 usd accounts are a little safer than one with 1800 because of taking a little different trades) but I'm asking mostly about % of gains.

 

 
 
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