mr.martinnovak
13 Nov 2020, 10:40

RE: RE: RE:

Verigottab said:

winning.pips said:

I don't want to Hijack your thread, but can someone explain what equity to equity recalculation is?   Does it affect the signal provider. or those copying? 

There seem to be a lot of complaints about this, is it just because a lot of people like me don't understand the system and end up doing something wrong?

If money `disappears`'... where does it go?

Thanks,

Peter

 

I understand now what happened now. As Phantom experienced further drawn down, he added funds, increasing his equity, this is something I overlooked when adding my own funds, which when I added caused my equity to rebalance from around 1:60 to 1:40  (Thus cutting 1/3rd of my position whilst I was in deep draw down). Just wasnt aware that It would happen until after it had.

 

I would be wary of using Phantom (SA Trends) on ct trader copy anyone who is reading, he isnt as honest as he comes across when talking to him on telegram

Hi Verigottab, 

I have already experienced a drawdown and partial bankruptcy with Phantom in his two strategies and while tracking his approach to trading and comparing his strategy description - he is definitely not a serious and decent provider as he introduces himself. When the users began to lose money due to his approach (when he deposited additional money, etc.), he canceled his telegram statement, then canceled the possibility of contact, changed the description of the strategy, then deleted the image showing the performance of his strategy. Just another cheater :o/

mr.martinnovak
13 Nov 2020, 10:06

RE:

lym1609 said:

STRATEGY AGE==> To calculate from when provider linked account NOT when acct was traded for a better representation of performance

Hi recently i selected a strategy thats 8M old with a lot of copiers and huge amount invested. In one day of trading this signal failed with 90% drawdown and almost STOP OUT situation and I was forced to kill my own trades to stop the bleeding. I was wondering how ctrader calculate the strategy age? It should be when this provider linked to ctrader as a provider and not when account was traded. Its the similar situation and feedback which I gave to mql5.com to address many years ago, and have been corrected. This is to clearly tell subscribers on just how long the provider has linked his acct or start sharing his trading. This will enable subscribers to filter out those providers who "padded" their results by trading large volumes or a lot of trades earlier to attract subscribers and subsequently listed their accounts for copy and failing after just 1-2 months and meanwhile getting a lot of subscription fees from unsuspecting subscribers

Hi Lym1609,

I'm pleading for the same fix. Unfortunately, I recently lost a lot of money due to copying similarly "fraudulent" provider strategies.

I hope someone answers this pretty crucial question.

mr.martinnovak
26 Oct 2020, 15:43

RE:

PanagiotisCharalampous said:

Hi mr.martinnovak,

No we cannot restore deleted accounts, I am sorry. Regarding the funds, please talk to your broker.

Best Regards,

Panagiotis 

Join us on Telegram

Okay, thx for information. 

So now the biggest problem are my funds. 

Please can u clarify me, where are money, which are invested in someones strategy, are located?

Because I had to always move my money from main account to providers...

And if accounts are closed now without money moving back to main account. I dont understand whre r located. 

Im still waiting for icmarkets.com support but I want to be prepare. Thank u for understanding.

mr.martinnovak
26 Oct 2020, 15:24

RE:

PanagiotisCharalampous said:

Hi mr.martinnovak,

1) To delete your accounts you need to contact your broker

2) Regarding the error message, try with a shorter description

Best Regards,

Panagiotis 

Join us on Telegram

Dear Panagiotis, 

thx for your quick answer. Now Im totally desperate and almost having a heart attack because;

I send a same QUESTION by email to my broker icmarkets.com with the same pic of accounts:

"

Hi there,

I would like to ask you, how can I delete some of disused accounts as I cant find the way in cTrader platform or on icmarkets.com

I attached pic of all my accounts, but I would like to cancel some of them.

Thx so much fo suggestions! :o)"

and he replied:

"Dear Martin Novak,

Thank you very much for contacting IC Markets.

The Spotware demo account which was created directly from the platform is not possible to be removed from our side, however.

Your accounts have been closed for you as per your request.

If you require further assistance do not hesitate to contact us.

Kind Regards,

Emmanouil Ellinas | Senior Support Agent | IC Markets"

Now Im totally lost because he do it instead of my, he shut ALL of my accounts as I understand it. 

But I just want to clean it and doint all by myself - just the unuset accounts delete. 

But now on cTrader left only 3 Demo accounts which are really not important

BUT my 3 copytrading accounts with my invested money are gone.

Dont know what to do now, I cant find my money, just 106 USD on one new little account which I setup for providing strategy.

Most IMPORTANT is I was copying 3 strategies: Relax1, Crazy and Phantom v0.15.

On these 3 strategies I have my invested money in cca 6.231 USD.

Please can you do some backup or restore or I dont know but this is huge misunderstandings.

And Im totally lost on it :o///

Thank you!

Martin