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Author Topic: Forex Envy  (Read 489185 times)

Offline 3827

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Re: Forex Envy
« Reply #5280 on: August 10, 2012, 05:52:12 pm »
Robert, can I have the myfxbook url link for your POWER PAMM account? TIA!


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Re: Forex Envy
« Reply #5281 on: August 10, 2012, 05:57:23 pm »
so i did offer the envy guys a similar deal to the one bear bull has taken for his PAMM.

ie a full dedicated IBM server in either NY or London (not a VPS) with 2 back up gold vps one in each of our locations.......it is actually 100% bulletproof....if the dedicated node ever failed there is a back up vps with things already installed, if there is a full failure of a data centre the second VPS springs into action.

we did not make any money on it and in fact on bearbull one we loose money however i run envy on my personal accounts so have a vested interest and bear bull has helped me with my envy set up as has one of our long term users.

anyway hope the new dedi box works out.....it is a more robust solution, will be wathcing closely ;-)

El Salvador the country, in Central America.

It's a little hard to find on a map because we are so small! ;)

Regards,

Robert


Robert, sorry for being naive here. Are you located in El Salvador the country, or, El Salvador Chile, or, El Salvador Cuba? Just curious, nothing much. I regarded you as one of the best in EA trading business.

Cheers!

 :)


Hello,

Our new server is not in El Salvador. We are using hostgator, mostly for their excellent support. I can call them anytime 24/7 and talk to someone that know what they are doing. I feel a dedicated server is superior to a VPS because we are the ONLY site on our server. A VPS will have multiple sites on each server.

Trust me when I say it would be much less expensive for us to go with a VPS.


Regards,

Robert


I think allowing for 5 days of possible server down time and having 2.1 as a server-less backup just in case El Salvador slides into the ocean and the entire Forex Envy Team is killed IS a fairly good contingency plan.

Please understand that in the last couple of month we were demo testing 3.0, and we chose to change servers and run a lot of testing on our authentication system which caused down time. We were DEMO testing, so we should have the right to get our hands dirty and really do some quality testing and troubleshooting without members getting angry at us. If some of our members ignored our repeated warning NOT to go live with 3.0 and lost money do to some of the server switching and testing that is on them, not us.

- Team Envy


So could you elaborate more specifically how is your current server setup? From your reply above it appears that your dedicated server is located in El Salvador right? Not very comforting for FE traders knowing that... sure El Salvador doesn't necessarily be as bad is it sounds, but why haven't you just made a bulletproof solution with any of the major VPS providers CNS, Beeks etc? That from customers viewpoint would have been seen considerably more reliable.

Offline cheva282

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Re: Forex Envy
« Reply #5282 on: August 10, 2012, 05:59:45 pm »
I have checked, my Xemarket account is a micro account with 1 lot =1000. So the minimum should be $180. What if I put in $3000 or $5000 as capital, what amount will be the settings based on ?

3.0 has a funding range for Pico Accounts (1,000 Units and MinLot 0.01) of between $180 and $2.2k.
Above $2.2k the ROI will drop as the Balance grows because of the Max100 set file limit of the 3.0 Server.

At around $1.8k you need to move to a Nano Broker (10,000 Unit Lots and MinLot 0.01) which can support MaxLot 100.
Then the Funding Range is $1.8k to $22k.

At around $18k you need to move to a Micro Broker (100,000 Unit Lots and MinLot 0.01) which can support MaxLot 100.
Then the Funding Range is $18k to $220k.

Anybody has a recommendation for a good Nano broker ?

IBFx, InstaForex are 2 that come to mind??

Doing some Live testing with Insta.
Gertje's PAMM with Insta is going like a Rocket.
See link in the above post.

Hello BB, I dont really recommend IBfx or Instaforex they are MARKET MAKERS and have a lot of scam issues on Forexpeacearmy and 100forexbrokers.com

I have the same problem as him, I have around 2.5K dollar and I need a nano broker, BUT is there any way we can stay using some more reliable brokers like Tradefort or IC Markets by changing for example the risk ratio? I mean If I use tradefort cents if I deposit 2.5K it will be 250.000 cents and at that point my envy 3.0 will be at the top of her performance and my ROI of interest will be lower. so I need more than 1.0 Risk factor maybe 1.06 or something like that...

Sorry for the bad english! I hope It can be understandable.

Regards
Simplicity is the ultimate sophistication - Leonardo da Vinci

Offline nwboater

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Re: Forex Envy
« Reply #5283 on: August 10, 2012, 06:02:09 pm »
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As far as the PAMM, I can't tell you who to go with because we have our own Power PAMM with Synergy, so I would of course say our PAMM is the best ;)

-Team Envy


Besides investing in BB's and possibly Gertges PAMM I had hoped to put some money in your Power PAMM. I then found out that your broker Synergy does not accept residents of British Columbia, Canada. Didn't realize we are a 'terrorist state'! (Actually I think it's because of the lousy securities regulators here.)

So if you do another power PAMM I hope you will consider Pepperstone or IC Markets. They both take us BC folks.

Also very sorry to hear of your documents theft and the broken rib. Ouch on both! Hope you heal soon, Robert.

Thanks,
Rod


Offline Forex_Envy

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Re: Forex Envy
« Reply #5284 on: August 10, 2012, 06:16:56 pm »
Hi,

No, our PAMM and other MT4 accounts are run from a VPS. Our website and 3.0 authentication software is on our dedi server. We have never had an issues with our VPS, so we are going to leave our terminals on a separate VPS for now.

Team Envy




Hello Robert,

So this account: http://www.myfxbook.com/members/ForexEnvy/forex-envy-power-edition/286534 is now running from the server?

Thanks!

Offline MarkyT

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Re: Forex Envy
« Reply #5285 on: August 10, 2012, 06:30:51 pm »
Hi Robert,

Good to see you here and sorry to hear about your less than perfect  vacation.

As you may already know, I'm a very vocal critic of the fact that the EA is server dependent.  I'm also a very very big fan of the EA's performance.
Since I put 3.0 on my live account it's been Christmas every morning! :)

Anyway, now that you are here and responding,  I made many points about why the EA should not be server independent and that all the logic should be built into the EA itself.

I totally respect and want you to protect your intellectual property, so I'm all for authentication.  I also respect the subscription model.

However, I think  there are many ways where you can achieve your goals AND have a server independent EA.

Never heard your thoughts on this very hot topic that would flare up every time the server went down.

Yes, it was beta and you did tell us not to use the EA on live accounts.. but this is about the architectural and business philosophy of FE not about any one specific incident.

Would love to hear  your thoughts..

Regards,

Offline Forex_Envy

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Re: Forex Envy
« Reply #5286 on: August 10, 2012, 06:58:12 pm »
Hi MarkyT,

I wasn't aware of any specific person that was critical... I heard EVERYONE was critical! ;)

I think it would help you to know that ALL of the settings for 3.0 are built into the dll file. The server is only a gatekeeper for authentication.

All of our members payed a good amount of money to join Forex Envy as well as $13 a month in subscription dues. They are entitled to a system that is stable and works well. I really believe our set-up is stable and trustworthy. In fact to prove it I moved ALL our live accounts to the server based 3.0 so everyone, including us, are in the same boat so to speak.

Regards,

Robert



 




Hi Robert,

Good to see you here and sorry to hear about your less than perfect  vacation.

As you may already know, I'm a very vocal critic of the fact that the EA is server dependent.  I'm also a very very big fan of the EA's performance.
Since I put 3.0 on my live account it's been Christmas every morning! :)

Anyway, now that you are here and responding,  I made many points about why the EA should not be server independent and that all the logic should be built into the EA itself.

I totally respect and want you to protect your intellectual property, so I'm all for authentication.  I also respect the subscription model.

However, I think  there are many ways where you can achieve your goals AND have a server independent EA.

Never heard your thoughts on this very hot topic that would flare up every time the server went down.

Yes, it was beta and you did tell us not to use the EA on live accounts.. but this is about the architectural and business philosophy of FE not about any one specific incident.

Would love to hear  your thoughts..

Regards,

Offline Forex_Envy

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Re: Forex Envy
« Reply #5287 on: August 10, 2012, 07:03:55 pm »
http://www.myfxbook.com/members/ForexEnvy/forex-envy-official-power-pamm/363743


This is our Synergy PAMM account. We just started trading a few days ago. We have almost 3% growth so far. Still a long ways to go.

I will look into a second PAMM with IC Markets. Too bad Synergy is not allowing BC clients...

Regards,

Robert




As far as the PAMM, I can't tell you who to go with because we have our own Power PAMM with Synergy, so I would of course say our PAMM is the best ;)

-Team Envy



Besides investing in BB's and possibly Gertges PAMM I had hoped to put some money in your Power PAMM. I then found out that your broker Synergy does not accept residents of British Columbia, Canada. Didn't realize we are a 'terrorist state'! (Actually I think it's because of the lousy securities regulators here.)

So if you do another power PAMM I hope you will consider Pepperstone or IC Markets. They both take us BC folks.

Also very sorry to hear of your documents theft and the broken rib. Ouch on both! Hope you heal soon, Robert.

Thanks,
Rod

Offline deathlord

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Re: Forex Envy
« Reply #5288 on: August 10, 2012, 07:06:05 pm »
Hello,

The Eurica vs Standard Instaforex debate boils down to this.

If you are using the Power settings for the EURUSD Short Cycle you will have a fixed basket take profit of 18 pips. If you are using the Eurica account you WILL hit your TP before the Standard account, however the standard account will make more profit because no commission is charged. I can accomplish the same thing with a standard account if I lower the TP from 18 pips to 15 pips.

This means both the Eurica and the Standard account will achieve their TP at the same time with the same amount of profit after commission is taken into account.
I think the latter is probably not correct, because the main difference will be, that they will not achieve their TP at the same time, which should result in slightly different baskets after some time, because Eurica should start the new basket when the last one on Standard is still open ... at least that would be my expectation. Eurica should achieve the TP earlier and because of that should behave differently in the long run. Profitability would be reduced because of commission of course.

So the interesting question would be, if Eurica can compensate for the commission with a higher basket frequency. I would however expect Eurica to be slightly safer because it can reach the TP easier than on Standard.

Maybe I'll try it, but I wanted to switch from IF cent to IF standard next ... not sure if I want to use that for the test. Thinking about it ...

Offline Forex_Envy

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Re: Forex Envy
« Reply #5289 on: August 10, 2012, 07:27:35 pm »
Hello deathlord,

Just to clarify, they would only make the same profit if you lowered the BTP to 15 pips for the Standard account. If you let them run unchanged they would have very different results. This would not be the case with HV,NV and LV set files, because non-power set files auto-adjust to the spread they should have the same performance. Power does not adjust for spread because it is after maximum profits.

I would only test with cent accounts... My thoughts are; identical returns for the HV, NV and LV settings and lower returns for the Power edition using Eurica.

Regards,

Robert



Hello,

The Eurica vs Standard Instaforex debate boils down to this.

If you are using the Power settings for the EURUSD Short Cycle you will have a fixed basket take profit of 18 pips. If you are using the Eurica account you WILL hit your TP before the Standard account, however the standard account will make more profit because no commission is charged. I can accomplish the same thing with a standard account if I lower the TP from 18 pips to 15 pips.

This means both the Eurica and the Standard account will achieve their TP at the same time with the same amount of profit after commission is taken into account.
I think the latter is probably not correct, because the main difference will be, that they will not achieve their TP at the same time, which should result in slightly different baskets after some time, because Eurica should start the new basket when the last one on Standard is still open ... at least that would be my expectation. Eurica should achieve the TP earlier and because of that should behave differently in the long run. Profitability would be reduced because of commission of course.

So the interesting question would be, if Eurica can compensate for the commission with a higher basket frequency. I would however expect Eurica to be slightly safer because it can reach the TP easier than on Standard.

Maybe I'll try it, but I wanted to switch from IF cent to IF standard next ... not sure if I want to use that for the test. Thinking about it ...

Offline nwboater

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Re: Forex Envy
« Reply #5290 on: August 10, 2012, 07:40:34 pm »
http://www.myfxbook.com/members/ForexEnvy/forex-envy-official-power-pamm/363743


This is our Synergy PAMM account. We just started trading a few days ago. We have almost 3% growth so far. Still a long ways to go.

I will look into a second PAMM with IC Markets. Too bad Synergy is not allowing BC clients...

Regards,

Robert




As far as the PAMM, I can't tell you who to go with because we have our own Power PAMM with Synergy, so I would of course say our PAMM is the best ;)

-Team Envy



Besides investing in BB's and possibly Gertges PAMM I had hoped to put some money in your Power PAMM. I then found out that your broker Synergy does not accept residents of British Columbia, Canada. Didn't realize we are a 'terrorist state'! (Actually I think it's because of the lousy securities regulators here.)

So if you do another power PAMM I hope you will consider Pepperstone or IC Markets. They both take us BC folks.

Also very sorry to hear of your documents theft and the broken rib. Ouch on both! Hope you heal soon, Robert.

Thanks,
Rod



Robert,

Thanks very much for considering a PAMM with IC Markets.

One reason I'm considering investing in PAMM's instead of running my own accounts with FE (which I own BTW) is the hope that the PAMM owner may stand a better chance of saving the account at troubling times than I would.

So my question is: Will you manually intervene in the account to save it if it looks like it may need that?

Thanks,
Rod

Offline Forex_Envy

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Re: Forex Envy
« Reply #5291 on: August 10, 2012, 07:47:00 pm »
Hello Rod,

I always use my judgment with managed accounts. If I feel it is best to take a small loss and get out of a trade, I will. I always try and notify members when I feel an intervention in a good idea so they can do the same. - fyi.

Regards,

Robert


http://www.myfxbook.com/members/ForexEnvy/forex-envy-official-power-pamm/363743


This is our Synergy PAMM account. We just started trading a few days ago. We have almost 3% growth so far. Still a long ways to go.

I will look into a second PAMM with IC Markets. Too bad Synergy is not allowing BC clients...

Regards,

Robert




As far as the PAMM, I can't tell you who to go with because we have our own Power PAMM with Synergy, so I would of course say our PAMM is the best ;)

-Team Envy



Besides investing in BB's and possibly Gertges PAMM I had hoped to put some money in your Power PAMM. I then found out that your broker Synergy does not accept residents of British Columbia, Canada. Didn't realize we are a 'terrorist state'! (Actually I think it's because of the lousy securities regulators here.)

So if you do another power PAMM I hope you will consider Pepperstone or IC Markets. They both take us BC folks.

Also very sorry to hear of your documents theft and the broken rib. Ouch on both! Hope you heal soon, Robert.

Thanks,
Rod



Robert,

Thanks very much for considering a PAMM with IC Markets.

One reason I'm considering investing in PAMM's instead of running my own accounts with FE (which I own BTW) is the hope that the PAMM owner may stand a better chance of saving the account at troubling times than I would.

So my question is: Will you manually intervene in the account to save it if it looks like it may need that?

Thanks,
Rod

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Re: Forex Envy
« Reply #5292 on: August 10, 2012, 08:11:54 pm »
Please don't forget about us USA clients...We need a PAMM too :)

Thanks!

http://www.myfxbook.com/members/ForexEnvy/forex-envy-official-power-pamm/363743


This is our Synergy PAMM account. We just started trading a few days ago. We have almost 3% growth so far. Still a long ways to go.

I will look into a second PAMM with IC Markets. Too bad Synergy is not allowing BC clients...

Regards,

Robert




As far as the PAMM, I can't tell you who to go with because we have our own Power PAMM with Synergy, so I would of course say our PAMM is the best ;)

-Team Envy



Besides investing in BB's and possibly Gertges PAMM I had hoped to put some money in your Power PAMM. I then found out that your broker Synergy does not accept residents of British Columbia, Canada. Didn't realize we are a 'terrorist state'! (Actually I think it's because of the lousy securities regulators here.)

So if you do another power PAMM I hope you will consider Pepperstone or IC Markets. They both take us BC folks.

Also very sorry to hear of your documents theft and the broken rib. Ouch on both! Hope you heal soon, Robert.

Thanks,
Rod


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Re: Forex Envy
« Reply #5293 on: August 10, 2012, 08:19:55 pm »
I have a $1100 micro live account on Trading Point.  This has been doing very well, going up from $400 since early June on HV settings and following FE weekly recommendations on short cycles. I have just started to put Version 3 on, beginning with EURUSD, but get the message that  the account balance is below the amount required, for both Mode 1 and Mode 5. Has anyone else had this issue? It seems strange to me that I would now need a minimum of $1800 (?), if all has been working well to date. I have also sent a message to FE Support.  If I do need a minimum of $1800 (?), I will just keep using 2.2 until I get there.

Cheers, and hope you recover well, Robert.

Offline Forex_Envy

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Re: Forex Envy
« Reply #5294 on: August 10, 2012, 08:34:42 pm »
Hello,

We have a Trading Point account with $850 and we are not getting any warnings about being under capitalized. It would be helpful we could login to you team viewer or VPS to check things out... Your account does use pico lots correct? So a 0.1 lot trade moves 1 cent per pip correct?

Regards,

Robert


I have a $1100 micro live account on Trading Point.  This has been doing very well, going up from $400 since early June on HV settings and following FE weekly recommendations on short cycles. I have just started to put Version 3 on, beginning with EURUSD, but get the message that  the account balance is below the amount required, for both Mode 1 and Mode 5. Has anyone else had this issue? It seems strange to me that I would now need a minimum of $1800 (?), if all has been working well to date. I have also sent a message to FE Support.  If I do need a minimum of $1800 (?), I will just keep using 2.2 until I get there.

Cheers, and hope you recover well, Robert.

 

 
 
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