c7traders

[C7Traders]

@Lithium


We ask that you direct strategies related questions to the traders directly through SimpleTrader. This thread will be used for broker's specific questions.

[Lithium]

Dom can you correct the DD from GoldenKiwi please. The DD is not correct and it shouldn't be placed on 1st place if we know DD was again more than 20% at one point. Investors will lose huge amount of money not knowing this...

Great job detective Oportunis! Another fake DD% trader, again from C7Traders, again say hard stop is 10% in their description, again quietly stick to No.1 in simpletrader. Maybe soon he will come here and tell you, oh I have changed my settings now, It's really DD 6% going forward. Lol. This broker is really fishy. If you notice, the way they reply their post also very similar with the way their trader reply on the other thread. Can they be the same person?

[C7Traders]

@oportunis

We do offer MT4 accounts too, its linked with our Web based Social Trading platform.

We work in an extremely transparent manner, therefore your concerns would not be valid, I'm sure our existing clients would be able to testify to it

[oportunis]

Dom can you correct the DD from GoldenKiwi please. The DD is not correct and it shouldn't be placed on 1st place if we know DD was again more than 20% at one point. Investors will lose huge amount of money not knowing this...

[oportunis]

So you do not offer independant trading accounts, only copyservice accounts?

I know how STP works, but if you are independend and have stop order and it doesn't get filled while on your signal it gets than this is not fair to the rest of traders...

[C7Traders]

@oportunis

I believe you are heavily mistaken on a few things.

We are a Social Trading broker. Providing Signal Providers as a product to our clients to copy is a core offering of our brokerage. We rank our Signal Providers based on our internal matrix, much like how other Companies like ZuluTrade, Etoro does it. There are some jurisdictions that are against Social Trading but many are still open to it. A simple search online will review the number of existing Social Trading brokers in today's context.

We only sponsor accounts to Signal Providers whom meet our selection criteria. Any Trader can be a Signal Provider on our platform with their own funds too. However, we do not feature strategies whom do not meet our selection criteria. We ask that you log into our Webtrader to have a better idea of how Social Trading works > https://c7tradersclub.sirixtrader.com/

I am not quite sure what you are saying with regards to filling of trades. There is no preference with regards to filling of trades. The master trade will always go first, followed by the copiers trades. This is how copying trading platform works. Trades are automatically filled against our LPs when orders come in and there is no system to prioritize trades in any fashion.

I have attached an external link on explanation of how STP brokers work in Forex market - https://www.investoo.com/stp-forex-brokers/

Regards

[oportunis]

Then why do you sponsor such accounts? If you know they are martingale and one day they will blow?

Also how can a broker offer and support signals or specific manager if they need to be neutral to all. How do we know poeple trading with you will get same deal?

This is surely against regulation. Broker shouldn't offer signal nor recommend it. They are only "middle men" between suply and demand and connect one client with other. One who sells at specific price and other who buys at that price. If u are true ECN u get commission on that order and that is it. You are neutral, there must be no preference to who gets filled first...

Why should we beleive you are not filling first company accounts and than the others? Exactly for this reason regulators don't allow preference, so brokers remain neutral...

[C7Traders]

@oportunis

User's actions/words/behaviors are beyond the control of a Forex Brokerage. We provide a trading platform for users to trade on, and not to police over such issues.

We ask that you speak to him directly on this and we will only address brokerage questions from now on.

[oportunis]

so if he knew the real DD was 25% and he was quiet about it and was promoting the DD was only 1%, this gives him as a reliable trader? And you support this? For sure we know he was lying about this and we prooved it... And he made several posts claiming he is number one with only 1-2% DD...

[C7Traders]

@opportunis

http://www.myfxbook.com/members/MohitVS > This is our Company administrator account. This does not belong to Dilong nor any specific traders we work with.

We do not have him as a featured trader on our website. However, this is because of his martingale style of trading and not because of his actions as you claimed. Given our broker's expertise, no individual is able to manipulate the data without manipulating the trade history. Therefore, in our honest opinion, we do not think that he is manipulating anything. It is a case of the platform's algorithm giving this problem.

[oportunis]

Hmm those systems are all under one person and not managed by several traders: http://www.myfxbook.com/members/MohitVS

Why do you have him on the page if he is manipulating the true DD? All his systems under C7 are not showing correct DD untill it is too late and the loss has already been done. This is surely not a company policy to have such traders on board...

At least you are responding, while he is quiet so the fault goes to him now...

[C7Traders]

@opportunis

We will not discuss strategies related questions. It will be better to post them directly to the traders themselves. However, do note that each EA (GoldenKiwi/Dilong/USDCAD) are managed by different traders that we work with. However, they are non featured strategies due to the martingale nature of it.

Now back to your question, a quick search on the net will reveal the issue we are speaking about (http://www.myfxbook.com/community/su...dd-it/174976,1). Myfxbook's formula has its limitation in determining a trader's true D.D, this is why cross platforms comparison is necessary and also referencing with MT4 back test results.

We will like to reiterate that there is no way the broker is able to manipulating D.D without manipulating the trade history. If there is no issue with the trade history, the only ones that are capable of 'manipulating' the statistics are the providers themselves.

If you look closely at the strategies on SimpleTrader, you will also noticed that several accounts have varying D.D figures on SimpleTrader and Myfxbook (For example, Upiter Night Profit is showing 17.57% on SimpleTrader vs 5.74& on Myfxbook) . Now this does not mean that their brokers are rigging the results, this simply means that various platforms have their own ways of calculation.

We hope this clears the air.

[oportunis]

we are talking about mt4 platform and all acounts in myfxbook are from mt4 platform... So if statement shows 20% DD we know that myfxbook will show close results. We are not talking about 1 or 3% difference, but 20% and more which mql, myfxbook and the rest cannot calculate so wrongly.

This is either traders fault by not updating when in DD or broker hiding or manipulating true DD. It is funny that when we are looking in Dilong closely the DD is shown now, while before it was 1-2% now it is instantly 6% and once he will get in another DD, which with that system is 100% guaranteed we shall see how it will look in the statistics...

Same with the rest of systems he has on C7. They are just grids with small lotsizes and partial use of martingale to recover fast, so one big move and no retracement and it will be same as reborn... Unless he will cut trades, but than we shall see how many times 10% max. DD will be hit and if the chart will be so lucrative as it is now...

[C7Traders]

@oportunis

So basically from all thousands and thousands accounts from different brokers out there that are on myfxbook and simpletrader only C7 accounts are unlucky and do not show the correct DD.?

>

This is not the case, Myfxbook calculates D.D different from other platforms such as FXJunction/MQL5 etc. This means that different brokers using the same data will observe different statistics on different platforms. This is why Myfxbook is not 100% reliable in determining a trader's D.D. It has its limitations.

So if one would get a full detailed mt4 statement the DD would be shown correctly? In that case it would be really nice to see trade history from Dilong and what mt4 is showing. Because the DD on mt4 is just passed to Myfxbook as I know, they sign in via investor password or EA and copy statement produced from mt4...

>

The trade history is transferred to platforms for statistics calculation. However, each platform calculates D.D different based on their internal formula. This means that the D.D figure is dependable on the formulas of each individual platform even using the same historical data.

[oportunis]

So basically from all thousands and thousands accounts from different brokers out there that are on myfxbook and simpletrader only C7 accounts are unlucky and do not show the correct DD.?

So if one would get a full detailed mt4 statement the DD would be shown correctly? In that case it would be really nice to see trade history from Dilong and what mt4 is showing. Because the DD on mt4 is just passed to myfxbook as I know, they sign in via investor password or EA and copy statement produced from mt4...