Forex Funnel

[hotsawce]

Pip Detector: What broker are you demoing with and what are your settings? Also, hedging or nonhedging version?

[ApacheDan]

Originally Posted by pipdetector

Question:

I purchased FF, installed on my demo MT4 account, registered at the appropriate login page, but so far there is no FF activity. Is this normal with this robot? (I mean more than 24 hrs passed since registration.

I started my Demo 11/23/09, and in 2 days I got 15 + closed transactions and 2 pending with a drawdown of (9.74). Weird...first 3 transactions averaged $3.84, and all the rest....like soldiers $0.39 or $0.40..that is 12 consecutive closed transactions with this return!? I'm using Alpari UK, Demo $10,000, with lot size 0.01; everything else set at "true", except quote from broker =false.

I guess I can't complain, no losses and a pip is a pip..

[pipdetector]

Originally Posted by hotsawce

Pip Detector: What broker are you demoing with and what are your settings? Also, hedging or nonhedging version?

I use it with ITFX. The settings are all default apart for lot size: I made it 0.01. I started with the nonhedge as this was the only option when I completed the clickbank purchase.

[beatsme]

ive found a site of itfx but not sure if its the correct... they are not a broker ? but a management company?

and ff places a sell order in the second is enabled

[hotsawce]

Originally Posted by beatsme

ive found a site of itfx but not sure if its the correct... they are not a broker ? but a management company?

and ff places a sell order in the second is enabled

I believe he's using InvestechFX. Pipdetector: what kind of account are you using with them, by the way? I think they have a scalper account, micro account, etc. Also, I notice you are trading live with GT Shadow and Megadroid. Do you have a favorite among them? I've honestly been going back and forth with which one to use, and now Forex Funnel has entered the mix as a favorite. It's a very tough decision

[beatsme]

their website doesnt inspire me much confidence... are they good?

[pipdetector]

Originally Posted by beatsme

their website doesnt inspire me much confidence... are they good?

I agree. I basically use ITFX broker only for "risky" EAs and manual trading. Their website is definitely far from impressive. It's advantage is quite low spread and they tout themselves as NDD broker .

For "proven" EAs I use FXDD and FXCM.

[beatsme]

have you ever tried to withdraw? how it went?

i tried to use their support to ask stuff but it doesnt work, how is their support?

[pipdetector]

Originally Posted by hotsawce

what kind of account are you using with them, by the way? I think they have a scalper account, micro account, etc. Also, I notice you are trading live with GT Shadow and Megadroid. Do you have a favorite among them? I've honestly been going back and forth with which one to use, and now Forex Funnel has entered the mix as a favorite. It's a very tough decision

1. I use a scalper account. I used the broker with FAPT and currently I use it with Megadroid. I have lost hope for FAPT and now the only EA that I use with live ITFX account is Megadroid. In spite of occasional stop loss hits it is definitely more reliable than FAPT. I use it with 0.06 risk setting.

2. GT Shadow is my favorite. So far I have been using it with the standard AUD/NZD and EUR/CHF pairs plus USD/JPY. Both AUD/NZD and USD/JPY are incurring a growing drawdown , this is a "feature" of GT that requires some "adjustment" and it is not for faint hearted

[pipdetector]

Originally Posted by beatsme

i tried to use their support to ask stuff but it doesnt work, how is their support?

Their support is far from FXDD and FXCM level. I usually sent them e-mails and get the answers after a couple of hours. I withdrew 250$, but they sort of panicked and asked me why etc.