c7traders

[C7Traders]

Hi RedRhino

Thank you for bringing to our attention that the administrator has left us a review using his account. However, please note that his actions are not instructed by our Company. We have since asked him to create a personal account to leave reviews should he wishes to. This should provide a more neutral perspective.

[RedRhino]

regarding the incorrect drawdown statistics on this site, the formula has already stated the obvious, It is based on the Daily change and not on a minute by minute basis.

In order to get correct drawdown once the simpletrader EA is connected is , you simple compare the Equity vs Balance and snap shot this every minute. Why hasn't this been done?

In order to showcase true historical drawdown, as Dom mentioned ,you have to run every trade against real historical M1 data. Intense work to say the least.


Regarding Myfxbook,

We have seen countless manipulation from traders who stop updating their myfxbook account during drawdown to prevent myfxbook recording the intraday pain. Once the trades or basket is closed, they simply reconnect the myfxbook EA . That being said, if the account is not updating every 5 minute intervals, you can question the true intraday drawdown.

mario - http://icecream.me/uploads/feaba00b8...71b7babdf0.png - myfxbook records the intraday equity via the yellow as you showed, but if the trader can close the trades or reduce the drawdown within that same day, the yellow line does not show the true peak, trough , however it will be recorded in the drawdown % . ( if the trader were to delete the myfxbook system then re add it, you wouldn't see the recorded intraday drawdown either.

[RedRhino]

@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.

C7Traders
It would be unethical to give your own company a 5/5 star rating on myfxbook don't you think using your administrator account?

https://i.gyazo.com/a56445328fcf5be6770ce1f22b171fca.png

http://www.myfxbook.com/reviews/brokers/c-7-traders/1090662,1

[oportunis]

It has been over a week since we spotted wrong DD calculation on GoldenKiwi and no changes... It is still on the number 1... Dom Any progress about correcting the real DD? If someone invests and it goes in DD this won't look good... We already showed the DD is over 20%...

Imagine if someone who doesn't read forum invests at 2x or 3x risk, based on description that only 10% is max DD and he looks at stats and sees it shows only 3% "real" DD and than it goes to 25% DD...

[C7Traders]

Hi Gpfwestie

Please refer to our original post made on the 2nd of August 2017.

'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.'

Please take note of the last sentence.

Some accounts may be sponsored but not featured. As a result, they will not have a 20% hardstop.

[Westie]

@oportunis

Please send your trading history (myfxbook, back testing etc) to fundmanager@c7traders.com so that our team can evaluate. We will inform you should you be shortlisted.

May I ask where did you get the impression that the process of becoming a Signal Provider is an easy one?

Our selection process follows a set of stringent guidelines in making sure that we only work with reliable Signal Providers. Upon confirmation, we will provide a Company sponsored live account to the Signal Providers with a 20% hard stop in place. This keeps our risk to a maximum of 20% per trader.

For further information on this, please contact us directly.

If you have a 20% hard stop in place, what went wrong with USDCAD Scalper ? (I lost the whole account on that, thanks)

https://www.myfxbook.com/members/MohitVS/usdcad-scalper/1888353

[MarioDraghi]

here even better, a 25% DD sequence http://icecream.me/80c9112bbd5478378e14fbf9c7c6938f

[MarioDraghi]

here again with the time closed so you can see it's from the same basket http://icecream.me/5fad6dfb40dcb1b566d7efca25d904fd

[MarioDraghi]

Hi oportunis - as far as we can see, this is the correct draw-down calculation from historical trades.

Hey dom just take a quick look at his Excel file from myfxbook ... http://icecream.me/262645422d5c558eff7002f6d66790a8

There are multiple multiple times lot sizes like these have been opened. There is no way he has 3% DD at leverage of 44:1
Here you can see how much he went into DD with just this basket of trades.

[oportunis]

Hi oportunis - as far as we can see, this is the correct draw-down calculation from historical trades.

That is not correct. Please check those trades here: https://ibb.co/k6evev

Only that trade of 1.62 lots was in huge DD of 33.9 pips, not to mention this was just the part of the basket trade. The whole basket closed in profit, yes, but at one point all those trades were in loss. Please check the stats again with my findings.

[Dom]

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...

Hi oportunis - as far as we can see, this is the correct draw-down calculation from historical trades.

[C7Traders]

@oportunis

We believe it is difficult to understand the complexity of the selection process without going through it. Some Signal Providers might have excellent results which shortened the onboarding process while others would have failed right at the start. In any case, we are dealing with investors and Company's funds so there is no tolerance for any child's play.

Our Signal Providers may be remunerated from both Company and followers funds. However, the performance fee sharing agreement varies based on strategy and duration with the Company. At the start, Signal Providers might only be paid from followers if the Company is not confident of allocating additional AUM to them. Our top trader is currently managing a combined asset size of USD 4-5 million, made up of both Company and followers.

Hope the above clarifies.

[oportunis]

A few traders mentioned the process is not hard, so anyone with some OK history can join and they cannot get paid performance fee from your funds, but only from the followers, which is a red flag to me...

[C7Traders]

@oportunis

Please send your trading history (myfxbook, back testing etc) to fundmanager@c7traders.com so that our team can evaluate. We will inform you should you be shortlisted.

May I ask where did you get the impression that the process of becoming a Signal Provider is an easy one?

Our selection process follows a set of stringent guidelines in making sure that we only work with reliable Signal Providers. Upon confirmation, we will provide a Company sponsored live account to the Signal Providers with a 20% hard stop in place. This keeps our risk to a maximum of 20% per trader.

For further information on this, please contact us directly.

[oportunis]

What is the process of adding signal to your broker? As you grant 5k or 10k so easily anyone could be signal provider...