bnlf
02 Dec 2021, 12:57

RE:

PanagiotisCharalampous said:

Hi bnlf,

Can you tell us your broker please?

Best Regards,

Panagiotis 

Join us on Telegram

sure. icmarkets. 

bnlf
02 Dec 2021, 00:18

RE: RE:

gracelynaditya8834 said:

PanagiotisCharalampous said:

Hi andywhitehi,

Our reports show that when the applications are connected to the Telstra network then they cannot reach the relevant proxies. It is clearly and network issue and there is not much we can do on our side.

Best Regards,

Panagiotis 

Join us on Telegram

I also have this same question and I cannot find any proper answers on the internet and also need a solution.

It's Telstra. I can only connect via 4g if I use a VPN. Not sure if there is any way to report this to them. @PanagiotisCharalampous do we have a list of server addresses, IP and ports that we can provide to the ISP for investigation?

bnlf
17 Nov 2021, 09:26 ( Updated at: 17 Nov 2021, 09:27 )

it's a martingale strategy as in 99% of the signals. This is a rookie strategy. It works for a while only and it will always fail. When using this strategy you have to monthly withdraw money as compounding will make you lose 100% eventually. 

bnlf
17 Jun 2021, 13:13 ( Updated at: 21 Dec 2023, 09:22 )

RE: RE: RE:

email.roshanw said:

habanero79 said:

VorsichtFalle said:

Hello Spotware,

will such copycats with doubtful intentions be tolerated on this platform any further or are you going to take action?

The original strategy is not far from complete loss, so the copycats will be gone soon, too.

Why these people who trades well sudenly trade to have losses to wipe out the account? are these for Tax purposes?
All the other coppiers loss their Money !!!
Very bad. Need to regulate these type of obvious cases.

because they play a very dangerous game that works fine under normal conditions, but as soon as there is a trend change and market conditions are horrible, they lose everything due to high leverage and lack of experience. I feel bad for followers. 

bnlf
08 Mar 2021, 00:20

RE: RE: RE:

theFXlonglunch said:

bnlf said:

theFXlonglunch said:

Proof copy trader is a game of roulette at best.

 

The biggest guy with the biggest account blows his entire 11 million USD accounts in effectively 1 trade.

hahhaha what an idiot he is, he will be back i'm sure so watch out!!!

is he the idiot? he's rich by now and will come back to make another easy million. Just look at how many copy cats are there now with the name "relax" and you will find several people already copying these guys. He's the smart one, idiots are the followers. 

the biggest trader on copy trader with over 2 years of wins with massive returns blowing his account in one trade and a troll comes out from under his rock to call his followers the idiots, i suspect he is a trolling idiot himself.

 

 

Before that, he did just the same with the only difference he was trading with a big account. Now he decided to trade just with $1000 of his own money. He also managed to get it going for almost 2 years before the market crashed against him and he lost everything. In a month he's back under a new name, new signal and everyone will be putting their money into his hands again. Yes, we are the idiots!

bnlf
08 Mar 2021, 00:15 ( Updated at: 08 Mar 2021, 00:17 )

RE: RE:

Leloup said:

adriankosyra said:

I noticed a huge correlation in the Relax and Crazy trading systems. Urai blew up the accounts when the EURUSD rate fell by just 1%, which is completely crazy with such a leverage. The Crazy strategy from "aliza" uses the same trading method, only it has a little less leverage, so that's why it survived the downward trend on the EURUSD rate. But be careful with his system!

Trading with leverage over 20 or 30 is either a joke or a scam.
Even at this level, it is an extremely dangerous game. And since the copied "trader" has an amount
derisory on his account, he does not master the psychological dimension of trading which is essential.
If his own money is not at risk with each transaction, be sure your mentor will do anything.
the ruin of those who copy is only a matter of days. Choose regular traders who have ROIs
 reasonable and who invest their own money in their account. This is the only chance to succeed in this path.

 Leloup

the major problem with Ctrader is the ridiculously expensive commission for anything above 1lot size. That's the reason you're not going to see experienced traders on it. Anyone trading big volumes will never be on this platform if they don't fix the commission just like Metatrader does.  

bnlf
06 Mar 2021, 03:15

RE:

theFXlonglunch said:

Proof copy trader is a game of roulette at best.

 

The biggest guy with the biggest account blows his entire 11 million USD accounts in effectively 1 trade.

hahhaha what an idiot he is, he will be back i'm sure so watch out!!!

is he the idiot? he's rich by now and will come back to make another easy million. Just look at how many copy cats are there now with the name "relax" and you will find several people already copying these guys. He's the smart one, idiots are the followers. 

bnlf
06 Mar 2021, 00:11

Martingale using fibo retracement levels only works during civilized market conditions. It takes some time, sometimes an entire year, but eventually, even on a slow-moving currency pair like EU, there will be an event that will break the pattern. It wasn't NFP. It was the speech of FED Powell this week that basically took the stock markets down and USD up dramatically.

bnlf
04 Mar 2021, 12:13

RE:

yuval.ein said:

Hello

I am trying to copy the strategy Relax/Relax1 using live account. However it allows me to do so using OctaFX broker only, and not Pepperstone. When I try to use Pepperstone, the option in the combo box is grayed out.

 

Thanks

Pepperstone doesn't allow copy trading. Use another broker. 

bnlf
26 Feb 2021, 00:18

RE:

EuroScalper said:

I was copying a strategy which was averaging 140% per week then all of a sudden it makes many(>30) trades at once and lose 98% in seconds. I wonder how the scammer profits with this... Also, beware that there are many scammers like these.

what makes you think someone can make 140%/week in trading consistently? I don't think there is anyone in the world that can make that for too long without blowing an account. 

bnlf
25 Feb 2021, 12:10

RE:

johnvr said:

So it seems that scammers use the volume fees to lose peoples money but gain for themselves by taking thousands of trades. Why does Spotware not make the Volume fees available to traders that have been Identified as Professional traders by their brokers only. This will immediately sole the scam problem.

Do they care? They get your fee money anyway...

bnlf
06 Dec 2020, 23:46

well, it looks like you've been stopped probably due to margin call. You lost the money. Bad trade, move on. 

bnlf
06 Dec 2020, 23:43

Try ICMarkets.

bnlf
04 Dec 2020, 07:48

RE:

theFXlonglunch said:

Having looked closely at copy trader for a short time, is anyone else as concerned as i am. It seems very flawed, anyone can just sign up, manipulate return percentages then blow up accounts with not a single ounce of  responsibility. I guess as long as the brokers are making money from other peoples loses no one cares!?!?!

Surely there is a moral obligation on the suppliers behalf? Disappointing to see all round.

 

I think flawed is not the right word. The system is ok and all ctrader is doing is providing you with means to copy and provide signals accurately. That said, and considering the forex industry as a whole, organisations such as ctrader should come up with ways to better protect their customers from blowing up accounts. 99% of ppl, if not all, providing signals are mostly individuals with hardly any real experience trading forex and they just want to pocket some easy money from followers. These are not professionals. Their results are not exactly manipulated, but it is VERY easy to pretend you are a good trader for a short period of time. I can create multiple $100 accounts and randomly place some trades with massive risk. You just really need one of these to work to post your signal and appear in the top 10 list. Most people don't understand this and they naively put their savings under those so-called managed accounts to then lose everything right after. As a rule of thumb, if the trader has less than 12mo of trading history (trading every month multiple times), if their equity curve is not consistent (massive ups and downs), then don't even think about putting your money on it. You are better off trading yourself actually. 

bnlf
02 Dec 2020, 01:41

RE: RE:

vcfr99 said:

I have my equity stoploss set at 30% and yesterday was almost hit. Today same story again... I think he should really take a week off to cool his head. December is a very dangerous month to trade, I just wish he won't blow the account till tomorrow so I can stop copying until calmer waters..

 

theFXlonglunch said:

 

The real Relax who now trades with the account Relax1 is currently in a trade with a 15-20 per cent draw down. Thats 2 million dollars worth of followers cash in 20 per cent draw down! Man i thought this guy traded responsibly but clearly not. If it goes another 20 pips up for euro he is looking at a 1 million dollar loss!!!! Total craziness

 

My SL was 25% so I took the loss. Basically, I lost all the profit of several months. I will keep the balance to a minimum from now on since he changed his strategy to higher risk/reward ratio recently. I posted on another thread that this guy is the same guy who used to run a signal on Mt4 and then moved to a MAM. Fortunately, I was able to see the tragedy and stopped following him before that. He's an amazing EU trader with the highest returns you can find, but that comes with a price and last time he blew the account of thousands of ppl including his very large (€$2.5mi) one which he was running successfully for a couple of years. Now he's not even trading with his own money anymore, since he keeps the balance to $1k only, which makes me even more cautions. Just be careful when copying ppl. Don't put your savings money on this. You can see that none of these providers have a long history of trading on Ctrader. That is because every time they blew accounts, they just create a new signal. There are also many providers that are simply copying other providers like "Relax".