Avafx Scam

vincam

Sergeant
Messages
322
What they are doing is they now have a lag in their execution ( slippage ) as Dutchess said. Before these stories started with these traders, they had instant execution. With a lag, there s nothing you can do. Even if you know the immediate future ( 1/5th of a second away), you cant use the info.
For the "fast mouse ", yes they say they trade manually. If it s the truth, they win with the regulators. If it s not the truth, they have a bad strategy because Avafx could prove deception very easily. In fact, I have some reason to doubt their manual trading even without the technology Avafx have at their disposal.
The lag is good, now I will be anxious to see if they still cancel trades claiming "outside the market".

You think some of these complainants may be using an EA or fancy software to accomplish these trades? Even if so, EA's are not forbidden by Ava are they?

The place I am trying to get to is pretty simple, if a broker's platform accepts a trade that should be it, done deal. No excuses for why your trade was invalid, especially over and over and over again, not to be mentioned to you until you try to take money out. If you cannot create a platform that keeps you, as a broker, protected and insures that all trades are just that, trades, and not just numbers on a screen to be invalidated later, then the brokerage should not be in business.
 

FXDutchess

Recruit
Messages
15
And Yes the lag is good for them, if they can't keep their marketing promises, but they must state at their web site that there is lag in execution otherwise they are misleading traders with statements like :

'AvaTrader is a multi-faceted forex trading platform that is easily adaptable to the trader's individual preferences and tastes. Foremost, AvaTrader gives the user the opportunity to trade in FX quickly, seamlessly and easily via the live streaming prices that are constantly generated. All of the advanced functionality is visible within the platform and the main page gives the trader a one-page full-featured advanced forex trading platform.'

They should also state that they can erase trades for year or more back(not in small print in agreement that is almost impossible to find on their site), I would really like to see new traders joining AVAFX if they knew that each profitable trade they made could be erased at withdrawal after two years of trading. So you basically know in the beginning that even if you were profitable that doesn't mean anything until withdrawal. I really don't see any trader agreeing to that.

And if they now decided to change the time needed to get into the trade, they certainly can't erase trades that were made by the time their platform executed trades instantly. It is their fault and I'm sure not paying their mistakes with my money!

And I wasn't using any modifications, EA's or programs that could take advantage of their platform, if that's even possible. All my trades(very few of them) I made around news(which were announced in AVAFX's platform) were executed after news happened(this is evident in my trade history) and not before it was evident news were announced in their platform and market already moved(my entries weren't made just prior to move or news but after), so I really don't know what credible proof they have against my trades!?
 
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FXDutchess

Recruit
Messages
15
Vincam, I think you missed something. She used a straddle strategy. That would mean she would open one buy order and one sell order before news time. That can be 1 hour before the news. ( or 24 hours, who cares ? They cancel each other anyway ). What is important here is how those orders CLOSED ( and they ll both be 1 hour long ). Avafx maintains fixed spread and the ticker starts jumping up and down. That s when a 200 ms advantage is all-important.

As for the " real price " I already pointed out in the other thread that you can have it if you want. Just pay ActTrader to connect to their streaming SAS-70 feed in real time: that s the price a market maker like Avafx sees...and especially the price Avafx sees because the AvaTrader platform is the ActTrader platform renamed. You re now plugged to the same data feed. Then a certain mathematical algorithm has to take place before the market maker can post HIS price on his front desk. There is a minimum latency: you cant eliminate it. Then buy the full-fonctionality of the ActTrader suite and use ActDealer to mimic Avafx perfectly by setting the spread to the same value as they do on your own puter. There are other interesting functions in that software suite. I accuse nobody, but ActTrader was mentioned " out of the blue " by one claimant. It could be that downloading the Avafx platform makes it clear it s an ActTrader end user licence and nothing else of course.

Again, I m no tech genius: I simply see the possibilities here. There are talented people in the World who, maybe, can exploit a flaw by plugging to the same streaming feed the Avafx platform gets in it s back office. That software suite seems to have a lot of possibilities when I look at their marketing material.
With all respect MichelAnge21 I think you are pointing to that I used some kind of program, EA or code to intercept AVAFX platform's feed. You also say that's impossible to click a close button in 200ms and with that I couldn't agree more.

So I'm saying once more, I didn't use any exploits in AVAFx platform to do my trades, all trades were executed with clicking Buy/Sell button or entering order in order box. That is clearly evident in my trade history since all trades around news were executed 2 seconds at best after the news and market move happened and were closed minutes after the move. I think you all agree with me that 2 seconds is plenty enough time to manually click a button for opening a position.

So their version of arbitrage(term is completely wrongly interpreted by them),outside market trading and even illegal exploitation is ridiculous and insulting to me and all other traders who got scammed by them.

I will upload my trade statistics after I file in SCAM report to trader's court. Now it's three weeks and they are still not replying to my mails where I demand proof of their claims of outside market prices. To me ignorance is same as admitting their guilt.

Oh and Vincam, they use requotes in their platform but they apparently went off only when prices truly were outside market(it happened to me numerous times), so their accusations are really without credible argument.
 
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MichelAnge21

Sergeant
Messages
247
Dutchess

If traders do not fully understand what I was saying, they can visit ActTrader.com/products/commandfx and get an idea of what can be done with that software suite when they also have a connection to ActTrader live streaming feed ( available to all for a fee ). The trader would get the same feed Avafx gets to their BACK office in real time.

Now, a trader equipped with such capability could use it to his advantage only if he used automated trading to react fast enough. If it becomes clear that you traded manually and without a real-time feed, I am 100% in your favour and your trades should be honoured. The FPA will vote in your favour and I wish you a good outcome with the irish regulators.

Yes, 2 seconds is plenty for a manual trade: we will look at the trading log. So far, we dont have much info. We haven t even seen the e-mail they certainly sent you when they cancelled your trades.

My platform is MT4 and I m not familiar with the ActTrader-AvaTrader platform. Is the straddle strategy a one-click feature ? I mean do you enter the buy order and the sell order simultaneously with one click or do you need to enter the two orders one after the other ? How do you close both orders ? One click or 2 clicks ? I suppose the close orders at least MUST be done separately or the strategy makes no sense. How long would it take to exit your straddle manually by closing the two trades one after the other if you were to do it as fast as possible ( without regards to profit-loss ) ?

Finally, why was instant execution so important to your trading style ? I dont get instant execution and I dont care because my broker is fair with the slippage. Sometimes, the slippage goes in my favour, so I couldn t care less about the 2 seconds delay. Scalpers like instant execution, but you re not a scalper: you made only 500 trades in one year. That is an average of only 2 trades per day or so.
 
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FXDutchess

Recruit
Messages
15
Dutchess

If traders do not fully understand what I was saying, they can visit ActTrader.com/products/commandfx and get an idea of what can be done with that software suite when they also have a connection to ActTrader live streaming feed ( available to all for a fee ). The trader would get the same feed Avafx gets to their BACK office in real time.

Now, a trader equipped with such capability could use it to his advantage only if he used automated trading to react fast enough. If it becomes clear that you traded manually and without a real-time feed, I am 100% in your favour and your trades should be honoured. The FPA will vote in your favour and I wish you a good outcome with the irish regulators.

Yes, 2 seconds is plenty for a manual trade: we will look at the trading log. So far, we dont have much info. We haven t even seen the e-mail they certainly sent you when they cancelled your trades.

My platform is MT4 and I m not familiar with the ActTrader-AvaTrader platform. Is the straddle strategy a one-click feature ? I mean do you enter the buy order and the sell order simultaneously with one click or do you need to enter the two orders one after the other ? How do you close both orders ? One click or 2 clicks ? I suppose the close orders at least MUST be done separately or the strategy makes no sense. How long would it take to exit your straddle manually by closing the two trades one after the other if you were to do it as fast as possible ( without regards to profit-loss ) ?

Finally, why was instant execution so important to your trading style ? I dont get instant execution and I dont care because my broker is fair with the slippage. Sometimes, the slippage goes in my favour, so I couldn t care less about the 2 seconds delay. Scalpers like instant execution, but you re not a scalper: you made only 500 trades in one year. That is an average of only 2 trades per day or so.
First I would like to thank you for time you took regarding my issue MichelAnge21.
I know exactly what you are talking about, and can do pretty good in C++, but if I were to exploit this knowledge I'd be using MT4 where situations like trading on pre-news feed(I would use some other than ACTFx's that's for sure) or pre-market move entry are easier to exploit. Point is that I wasn't doing so, since I knew something like canceling trades and profits would happen sooner or later.

Forex is just side income for me, but I hope I still have some knowledge about it's architecture and especially technology that supports it. That's why I know 'outside market' positions are just convenient excuse which can be easily prevented by broker if they wanted.

Thank you again for sharing you knowledge and time guys, but it seems that things are beginning to move right for me at AVAFX since they are willing to cooperate regarding this issue.
 
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MichelAnge21

Sergeant
Messages
247
First I would like to thank you for time you took regarding my issue MichelAnge21.
I know exactly what you are talking about, and can do pretty good in C++, but if I were to exploit this knowledge I'd be using MT4 where situations like trading on pre-news feed(I would use some other than ACTFx's that's for sure) or pre-market move entry are easier to exploit. Point is that I wasn't doing so, since I knew something like canceling trades and profits would happen sooner or later.

Forex is just side income for me, but I hope I still have some knowledge about it's architecture and especially technology that supports it. That's why I know 'outside market' positions are just convenient excuse which can be easily prevented by broker if they wanted.

Thank you again for sharing you knowledge and time guys, but it seems that things are beginning to move right for me at AVAFX since they are willing to cooperate regarding this issue.
Well, I will certainly congratulate you if you arrive to a happy resolution with Avafx. But, at the same time, I know that my intense curiosity into your case will never be satisfied ( sniff ). I m pretty sure your agreement with them will involve some level of confidentiality for certain details. We will see a post with " Thank you Mr so-and-so of Avafx " and that will be it. ;)
 

FXDutchess

Recruit
Messages
15
Resolution with AVAFX achieved after four weeks of negotiations and I got all my money back!

All I can say is if you are persistent and polite, they are willing to cooperate 100%. Especially if they see that you know what you are talking about, when you write complaint letter.

My advise to anyone having problems with them is that you closely study your trades and circumstances surrounding them and especially not just blast them with primitive accusations and harsh language, because they'll take you for a complete fool. I saw a lot of people who failed to achieve anything with AVAFX here and in other forums with behavior like that.

Thanx guys!
 
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