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How are they erasing their drop from yesterday from their history? http://icecream.me/uploads/feaba00b8...71b7babdf0.png
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Unless they close the yellow equity line fluctuates.DD is now less than yesterday and if they close trade in profit it won't show anything. Only thing that shows DD was so big is the max. DD pointed in the left column, so those 8% should be there untill another DD surpasess it.Comment
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Should make a list of what C7 signals are called on the ST website so people can know and avoid.
I am Just a Man Frustrated with Tapatalk and New Forum Integration
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@brm tappatalk been working fine for ages on these forums??
Sent from my SM-G930F using Tapatalk
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It has been brought to our attention that there are unfounded allegations against the legitimacy and integrity of our brokerage. We will like to formally address the concerns here.
C 7 Traders is a Social Trading brokerage that works with fund managers to provide institutional strategies to end users. We gather AUM and work on a performance fee sharing model between our fund managers and investors. Dilong/LowRisk/SteadyCapture are some of the strategies we work with. Every month, we feature 10 recommended fund managers on our site (https://www.c7traders.com/investment) and work with a hardstop of 20% on all their accounts. Non featured traders such as Dilong/LowRisk do not have a hardstop placed by the Company.
The statistics shown on SimpleTrader are calculated based on the formulas of Myfxbook and the Company takes no part in gaming the statistics. All fills are verified from live prices of the market. We welcome any concerns from any clients that might have spotted a fake fill in any of the strategies listed in our brokerage and we will look seriously into it (Though we are sure that none can be found).
To answer why the drawdown is not showing the true drawdown of the strategies is a question that should be posted to Myfxbook. We host strategies (using the same accounts) across various platforms including FXjunction/MQL5 and obtain varying statistics on the drawdown. However, this is not an uncommon problem since we understand that there are limitations in each platform's algorithm.
We are left bewildered that the inconsistency of statistics (using the same data) has presented accusation against the broker's legitimacy. In order to be guilty of such an accusation, gamed trade history should be presented but none has been discovered till date. Such an accusation is akin to an accusation against Myfxbook/SimpleTrader for a collusion with C 7 Traders to game the statistics.
Therefore, we find these accusations baseless.
We ask that further concerns be emailed directly to our brokerage info@c7traders.com so that your questions can be answered in a concise and quick manner. We also request that you do not jump to conclusions that all apples are rotten for brokers with less reputable license. After-all, every Company has a starting point in their history.
Regards and have a good trading ahead.
C 7 Traders
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Haha its an old signature that seems to have resurfaced!Originally posted by dupapaComment
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Good to come here and address the issue and to shed some light on the featured and non featured.Originally posted by C7TradersComment
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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...Comment
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@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.?
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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...
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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.Comment
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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...Comment
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@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.Comment
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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...Comment
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@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.Comment
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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...Comment
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@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.Comment
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