Matthew…
I can trade infront of eveyone on a new C2 account using this thread to demonstrate how C2 screws up your C2 Forex account… But if I do that, and if I prove it… Will you work on fixing the problems??
These problems have been here since the website was launched!!
Interesting that Matthew, Sam and Mark all three seem to suggest that 1:100 margin would be too high for forex. I’m not here to deny that - each of you knows inifinitely more about forex than I do. But I saw several brokers offering 1:100 or 1:200 margin. Would that mean that they take too much risk / allow their clients to take too much risk?
> Interesting that Matthew, Sam and Mark all three seem to suggest that 1:100 margin would be too high for forex.
Not always, but clearly if a vendor is “able” to lose 90%, or $300,000,
in a month he has “enough” margin. OTOH, other vendors (on C2) have
made $300,000 (300%) in a month or so. Seems to me that’s enough
leverage.
Brokers may allow more leverage, but they also have a tighter grip
on the actual trading. Moreover, the fact that a broker allows 200:1
doesn’t mean it’s right…sooner or latter one of them will regret it and
go under.
Thanks for explaining.
> Interesting that Matthew, Sam and Mark all three seem to suggest that 1:100 margin would be too high for forex.
Here’s Man’s margins:
http://www.mandirect.co.uk/futures/margins.cfm
If you look at US regulated CME EC margins they are
@ $4600 overnight, or just over 20 contracts per $100,000
in margin. Compared to that C2 is pretty much on target.
I would say Man and the CME have been around for a while
and might have some idea what’s safe.
I agree. It is enough if C2 compares to some brokers, it doesn’t need to compare to the least conservative broker.
Ok … Then I guess that Matthew cant get those problems fixed.
I just asked him that if I prove these problems to him, is he gonna fix them.??
And my answer was by him deleting what I wrote!!
Matthew… there is no need for going in circules.
Answer the simple question… Do you want to fix these problems?
Or should I just leave and come back later?
I am 97% sure that If you keep it like that… You will get ZERO successful forex systems on your website… and dont forget that forex is the fastest growing Market in the world… So, it is up to you to decide.
Noor
"I am 97% sure that If you keep it like that… You will get ZERO successful forex systems on your website… and dont forget that forex is the fastest growing Market in the world… So, it is up to you to decide."
I suggest you scan for forex systems, by percentage returns. You will see that there are more than zero successful forex systems - which repudiates your statement.
Perhaps the lack of response is inversely proportional to the inaccuracy of the statement, and linear with the public availability of information.
> I am 97% sure that If you keep it like that… You will get ZERO successful forex systems on your website…
"97%" might be on the high side and "ZERO" might be on the low side.
I can see you have used the same analysis on C2 that you used to
create your system:
Hawk-fx 58 58 wks 223 Forex Swing Trade (days/trade) 95% 6.9 2.086 734.4Aestreux
Aestreux Fund 14 wks 298 Forex Daytrade (rapid) 66% 1.7 3.15Mosaik7%
Mosaik Med-Term (Prudent) Hedge Fund (O) 55 wks 288 Mostly Futures, Forex; (some stocks, options) Swing Trade (weeks/trade) 63% 1.9 1.284 320.5%
Winning Forex Monthly System! 38 wks 647 Forex Daytrade (rapid) 44% 1.2 2.455 159.5%
positive forex 9 wks 45 Forex Swing Trade (days/trade) 91% 9.6 n/Entropia
Entropia 33 wks 126 Forex Daytrade (rapid) 76% 1.5 3.077 118.7%
HiFX-SharJEPFX (by_JEP_Forex) 40 wks 120 Forex Daytrade (rapid) 75% 1.7 2.625 98.6%
Noor: I responded to you via email and asked that instead of posting what I believe is incorrect criticism of C2, to write me an email with specific examples of orders not being processed correctly. I guess you haven’t checked your email box, or perhaps the email address you gave to C2 is incorrect?
In any case, Noor, I suggest you check your email.
I am a forex trader… and I look at their trades and timming to judge them… I dont use what C2 uses to judge a trading system.
Matthew… Sorry I did not check my e mail…
I will soon start again… but this time, I will inform you every time
I get problems.
Me too… I care about your Website… And I aslo see that we should not do this in public.
Give me 2 months or so… I will Pull out some space/time to start working with you again.
Take care Matthew… and sorry about the thread… I should have e mailed you instead!!
Hopefully together… we can improve the site.
Noor
>I am a forex trader…
Really?!? Losing your ass in the forex doesn’t
make you a “forex trader”.
>and I look at their trades and timming to judge them…
OK.
> I dont use what C2 uses to judge a trading system.
What information, including “their trades and timming”,
did you get from C2? Answer? All of it.
The bottom line: you will be judged on C2 by your C2 track
record.
Sam… If you are really looking for an answer for your question… you should consider being polite.
Ask me the same question and add the magic word "Please" !!!
Noor, don’t you find it strange that with all the other forex systems at C2 (who seem to manage ok) that you are the only with these claims?
> Ask me the same question and add the magic word "Please" !!!
If you have real time success and lost $190K on C2 could you
PLEASE post copies here that show both the real time and the
C2 trades. Pretty please.
Fast trade on C2 is possible if you don’t always wait for C2 confirmation to come back before entering the next trade. This can be done by using conditional orders or by entering the target/stop at the time when the trade was initiated. I traded EUR (currency futures) a lot on C2 and in most cases it works fine.
The real problem that could be caused by C2 engine’s unpredictable long delay, however, is the “buying power”. Because the calculation of the buying power on C2 is not real-time, so sometimes it may cause severe problems (such as … not allowing you to buy more even if your “real” buying power is more than enough).
Cat:
Actually Buying Power should be calculated each time a trade opens or closes. It’s true that if, for example, you open a trade in the morning, and you make a tremendous profit during the course of the day while leaving the trade open - C2 might not automatically give you additional buying power based on the open profit. But in those (theoretically rare) case, you can press the “Refresh” button near your stats line in order to ask for the BP to get updated.
MK
The real problem that could be caused by C2 engine’s unpredictable long delay, however, is the “buying power”.
What is so critical about worrying about realtime availability of buying power? E-Wolf Mini (using best case equity curve) took about:
$165K down to $105K
$190K down to $140K
$220K down to $130K
in amazingly short order.
It seems this system should cut its leverage down by about a factor of 3 or more. This kind of nosebleed drops would give most people sleepless nights.
Unless trading stocks or other lightly leveraged instruments, using every last shred of “buying power” is how many C2 systems seem to wind up in Davy Jones’ Locker…
Matthew,
The problem I described was a real case I have experienced several days ago. At that time the E-WOLF had in total about 20 contracts of EUU6 and YMU6 in the account (which was well within the margin requirement). Then I closed another 10 contracts. And then I found that somehow the “buying power” was showing a negative value (which obviously doesn’t make sense at all). Then I tried to buy back the 10 contracts of emini but C2 didn’t allow me to do so (due to the “negative” buying power, of course). Then I had to wait for some 10 minutes or so until I saw that the correct buying power had been displayed again.
So anyway, so far my experience is the following …
(1) No, C2 doesn’t update BP on every new trade;
(2) No, the refresh button on IE doesn’t give us the up-to-date BP.
When I say “the delayed Buying Power is a real problem” I meant it is a problem from C2 software’s functionality standpoint, because in real world we wouldn’t have encountered that kind of problems.
