FPA Member Goes Crazy - DISMISSED Case# 2018-111 | tsathya vs www.icmarkets.com/en/

[tsathya]

help you are agrue as a fool ,we alredy gave all evdence ,you can check , what did u do that time ,why asking again and again same ,what blady ego u having ,are you fool ,go to hospital man ,this is not ur palce go away

 

[tsathya]

already gave man details ,if u wish c that ow keep ur mouth and close ur pocket

 

[tsathya]

aud usd pair sell o.o3 trade number 6590883 price @ 0.73303 csd 0.73937 loss -25.72

aus usd 8680097 0.05 aud usd sell price 0.74051 csd 0.73906 profit just 3.72

profit same pair profit per 0.01 51.31 but loss for same - 135.226 is it enough asst modi

 

[tsathya]

aud usd pair sell o.o3 trade number 6590883 price @ 0.73303 csd 0.73937 loss -25.72

aus usd 8680097 0.05 aud usd sell price 0.74051 csd 0.73906 profit just 3.72

profit same pair profit per 0.01 51.31 but loss for same - 135.226 is it enough asst modi

profit same pair profit per 0.1 is just 51.31 but loss for same for same pair for 0.1 is - 135.226 is it enough asst modi now what you saying is it enough or you need more ,we have plenty of pairs ok

 

[Pharaoh]

AsstModerator asked me to look into this. Check my post count and the kind of threads I start if you are worried that I'm somehow working for any broker. Even my own brokers (which I don't disclose) are always kept under a magnifying glass to be sure they haven't "accidentally" stolen my money.

I can clearly see why he was not sure which trades you were talking about. Each screenshot was of a chart on something other than a forex pair and had several trades shown at the bottom. One had a trade highlighted that was not one of the two disputed trades. Had you shared the info in Post #43 when he first asked for specific info on forex pair trades, you would have saved yourself and AsstMod a large amount of time and effort.

Now, let's do the math and see if the numbers you gave make sense or not:

Damn. What happened to the FPA pip calculator? Guess I'll have to google around to get the formula.

https://www.xm.com/forex-calculators/pip-value can show me today's value, but that would introduce an error since prices have changed. What it did show me is the exact formula.

Pip Value = (One Pip / Exchange Rate) * Lot Size. All examples I see use the closing value for this calculation. We then need to multiply this by pips to get final gain/loss

Pip Value = (One Pip / Exchange Rate) * Lot Size

I'm going to do this step by step. That way it will be easy to spot if I make an error. It will also make it very plain if the predicted numbers are more that a few cents from the profit/loss shown in your statement.

Trade ID 6590883
Open Close Pips Volume P/L
0.73303 0.73937 -63.4 0.03 -$25.72

Trade ID 8680097
Open Close Pips Volume P/L
0.74051 0.73996 5.5 -0.05 $3.72

I subtracted to get the pips movement. All other numbers are the ones you provided.

First, let's check the pip values for the same size of trade. They will be close, but not exactly the same due to prices between the USD and AUD being different.

Trade ID 6590883
1 / 0.73937 (price is in USD and your account is in AUD - gives the value of 1 pip) = 1.3519

Trade ID 8680097
1 / 0.73996 = 1.3514

Oh good. They are very close. I would have been deeply embarrassed if I was wrong about that.

Now to check and how much a 1 pip move is worth for the lot size you are using (the Pip Value of each trade). The sizes are 0.03 and 0.05, but need to be adjusted to .3 and .5 to make the numbers work (depends on base lot size and also on getting the decimal point in the right place for dollars instead of cents).

Trade ID 6590883
1.3519 * .3 = 0.40557

Trade ID 8680097
1.3514 * .5 = 0.6767

Finally, for each trade, we need to multiply this pip value by the number of pips in the move.

Trade ID 6590883
0.40557 * -63.4 pips = -$25.71. You said 25.72, but I had rounded off earlier, so this matches.

Trade ID 8680097
0.6767 * 5.5 pips = $3.72

These are the numbers you reported above, plus or minus a cent. Do you see any calculation errors or anything else wrong here?


And before you further falsely impugn AsstMod as some sort of ICM shill, maybe you should examine the ICM review page more carefully. Check the warning note near the top about suspicious and fake reviews as well as the big fat ZERO stars on the review by Nayarin Joshi from April 2, 2014 here:

https://www.forexpeacearmy.com/forex-reviews/8264/icmarkets-forex-brokers?per-page=50&page=7

AsstMod runs the review moderation team. He's the person who writes those comments. He could remove the comment and make the fake review left by an ICM employee disappear if he wanted to. If he's on ICM's side, he's doing an absolutely pathetic job helping them out on those issues.

 

[tsathya]

i am so sorry i am unable to understand , how ever when loss comes very high as well as when profit come very law thats what we understand ,can you explain very clear why this ,then whats the trading tool help us if it favour to brokers ,
anyhow plz expaln in better way this cannot understand
mean time IC market accept there fault and paid some amount 300$ plz ask rest ,no arguments needs i don't know why all support to IC market even IC market accepted & paid some amount only asking rest nothing else with compensation hope FPA help to get back rest money .Thanking you all
really very sorry ,because i was anger because i was trade without sleep 14 days ,but my full money not get ,so asking .nothing else thats what we wrote with anger my words may hurts some ones or many really very very sorry .but give me real justice to my case ,feel if it happen to you what will you do .then take a action .thanks again sorry again

 

[tsathya]

AsstModerator asked me to look into this. Check my post count and the kind of threads I start if you are worried that I'm somehow working for any broker. Even my own brokers (which I don't disclose) are always kept under a magnifying glass to be sure they haven't "accidentally" stolen my money.

I can clearly see why he was not sure which trades you were talking about. Each screenshot was of a chart on something other than a forex pair and had several trades shown at the bottom. One had a trade highlighted that was not one of the two disputed trades. Had you shared the info in Post #43 when he first asked for specific info on forex pair trades, you would have saved yourself and AsstMod a large amount of time and effort.

Now, let's do the math and see if the numbers you gave make sense or not:

Damn. What happened to the FPA pip calculator? Guess I'll have to google around to get the formula.

https://www.xm.com/forex-calculators/pip-value can show me today's value, but that would introduce an error since prices have changed. What it did show me is the exact formula.

Pip Value = (One Pip / Exchange Rate) * Lot Size. All examples I see use the closing value for this calculation. We then need to multiply this by pips to get final gain/loss

Pip Value = (One Pip / Exchange Rate) * Lot Size

I'm going to do this step by step. That way it will be easy to spot if I make an error. It will also make it very plain if the predicted numbers are more that a few cents from the profit/loss shown in your statement.

Trade ID 6590883
Open Close Pips Volume P/L
0.73303 0.73937 -63.4 0.03 -$25.72

Trade ID 8680097
Open Close Pips Volume P/L
0.74051 0.73996 5.5 -0.05 $3.72

I subtracted to get the pips movement. All other numbers are the ones you provided.

First, let's check the pip values for the same size of trade. They will be close, but not exactly the same due to prices between the USD and AUD being different.

Trade ID 6590883
1 / 0.73937 (price is in USD and your account is in AUD - gives the value of 1 pip) = 1.3519

Trade ID 8680097
1 / 0.73996 = 1.3514

Oh good. They are very close. I would have been deeply embarrassed if I was wrong about that.

Now to check and how much a 1 pip move is worth for the lot size you are using (the Pip Value of each trade). The sizes are 0.03 and 0.05, but need to be adjusted to .3 and .5 to make the numbers work (depends on base lot size and also on getting the decimal point in the right place for dollars instead of cents).

Trade ID 6590883
1.3519 * .3 = 0.40557

Trade ID 8680097
1.3514 * .5 = 0.6767

Finally, for each trade, we need to multiply this pip value by the number of pips in the move.

Trade ID 6590883
0.40557 * -63.4 pips = -$25.71. You said 25.72, but I had rounded off earlier, so this matches.

Trade ID 8680097
0.6767 * 5.5 pips = $3.72

These are the numbers you reported above, plus or minus a cent. Do you see any calculation errors or anything else wrong here?


And before you further falsely impugn AsstMod as some sort of ICM shill, maybe you should examine the ICM review page more carefully. Check the warning note near the top about suspicious and fake reviews as well as the big fat ZERO stars on the review by Nayarin Joshi from April 2, 2014 here:

https://www.forexpeacearmy.com/forex-reviews/8264/icmarkets-forex-brokers?per-page=50&page=7

AsstMod runs the review moderation team. He's the person who writes those comments. He could remove the comment and make the fake review left by an ICM employee disappear if he wanted to. If he's on ICM's side, he's doing an absolutely pathetic job helping them out on those issues.

i caanot understand by we love your calculation and very good manner response ,i have a faith in FPA than early they will really do needful to get back my full money

 

[tsathya]

Dear FPA members and others ,we would like to point out some points related to our case
(1) First we asked small amount to refund since there technical fault my request email on 14.07.2018 (IC market accepect that yes we had techinical fault here attached evedence ,file nae you accpect ur fault, attachedment file name our email )

(2) we asked from beginning to trade very small volume starting from 0.01 to all trading inculding oil everything as other brokers allows ( IC market said that we will consider ,here attached evedence reply review 1,2)

(3) IC market replied after auto cut amount around 730$ dated on 17.07.2018 too late if they replied early we would have dopist atlest to save our account ,so fault is not mine ,they careless ,not care my account whether it auto cut ,they happy since auto cut because of them only auto cut happened ,thats obvious all know here no doubt then who have give money ,ic market only , they have to reply just after my email they fialed to do ,since they understand they are guilty they just paid 300$ and trying to mannage with the help of some body ,but even first said 27aud ,then said 300 $ but gave only 300 aud ,finaly only paid 300$
here attached file name your reply
so very very clear fault is IC market even they accepted and refund ,then no purpose to argue or asking currency pair ,since FPA asked we send , i dont know why they asked tp issue may support to ic market or may divert my case
i dont want anything regarding TP issue after FPA aksed i gave real example of gold ,they said we not deal gold then we gave aud usd ,
but no connection to this case and aud usd , so my kind and humble request don't divert my case .Ask ic market to give back my rest money with mention compensation amount 25,0000$ thanking you all

 

[tsathya]

For forex, the Pip Calculator works as follows:

Pip Value = (Pip in decimal places * Trade Size) / Market Price

Example:

• Trading 1 lot of EUR/USD with an account denominated in EUR
• One pip in decimals = 0.0001, Trade Size = 100,000, Exchange Rate = 1.13798
• 0.0001 * 100,000 = 10 => 10 / 1.13798 = 8.78750
• Each pip is worth €8.79

For metals, you calculate tick value instead of pip value, and the Pip Calculator works as follows:

Tick Value = Tick in decimals (0.01) * Number of Oz

Example:

• Trading 1 lot (100 Oz) of GOLD with an account denominated in USD
• 0.01 * 100 = 1
• Each tick is worth $1

please anyhow ,just for knowledge ,no connection with this case ,can you explain in this formula and can proof both same ,when we use this formula saying wrong as we said ,but no connection to this case again saying already gave many evidence about Ic market technical issue and they too agreed and paid some amount no more arguments only rest payment with compensation

and also not clear this Trade ID 6590883
1 / 0.73937 (price is in USD and your account is in AUD - gives the value of 1 pip) = 1.3519

Trade ID 8680097
1 / 0.73996 = 1.3514 whats this ,who said this formula formula all over the world same ,what new formula new calculation

 

[tsathya]

For forex, the Pip Calculator works as follows:

Pip Value = (Pip in decimal places * Trade Size) / Market Price

Example:

• Trading 1 lot of EUR/USD with an account denominated in EUR
• One pip in decimals = 0.0001, Trade Size = 100,000, Exchange Rate = 1.13798
• 0.0001 * 100,000 = 10 => 10 / 1.13798 = 8.78750
• Each pip is worth €8.79

For metals, you calculate tick value instead of pip value, and the Pip Calculator works as follows:

Tick Value = Tick in decimals (0.01) * Number of Oz

Example:

• Trading 1 lot (100 Oz) of GOLD with an account denominated in USD
• 0.01 * 100 = 1
• Each tick is worth $1

please anyhow ,just for knowledge ,no connection with this case ,can you explain in this formula and can proof both same ,when we use this formula saying wrong as we said ,but no connection to this case again saying already gave many evidence about Ic market technical issue and they too agreed and paid some amount no more arguments only rest payment with compensation

and also not clear this Trade ID 6590883
1 / 0.73937 (price is in USD and your account is in AUD - gives the value of 1 pip) = 1.3519

Trade ID 8680097
1 / 0.73996 = 1.3514 whats this ,who said this formula formula all over the world same ,what new formula new calculation