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Discuss Storm FX Marketz Forex/Crypto Broker has a special HYISA Savings Account Program.

General discussions of a financial company
Agreed until then we not even mention US markets without regulations. We are still willing to meet to show you what we had if thats what Pharaoh wanted us to share. How the hedge fund managers strategies they gave for management worked.
We are here for everyone, not just for the traders but also for the broker's. I can easily tell by reading complaints about the broker that OP is lying or he is really victim. That's why I always advice them to share the link of the thread to broker so everything will be fair.

IN your case, if you need any kind of advice, feel free to ask and we are more than happy to share our experience.

@Pharaoh dedicated his 20 year's (I guess more than that) to this field and I can guarantee you if he object for something then you need to listen to him.

This thread become useful to many or could be nightmare to many, depend on how person will take it.

One advice, always make ego a side :)
 
We still have much to learn about broker side of things.

I apologize for making comments to Pharaoh and not fully listening or asking his expert advice instead.

We want to be better than the brokers we ran into as traders and I see that making arguments and not listening was an incorrect approach to this.

Apologies to Pharaoh for my problematic attitude and comments. Wanted to make revolutionary broker not a scam ponzi. I took the correction from you and made the steps to take out the HYISA.

Next steps is learning with legal which regulations options we have to get to USA clients. Until then for Storm FX Marketz we will not engage in any form of USA markets and other regulated jurisdictions. More research is necessary.

Next time I don't want to make arrogant comments but instead to take the correction. I am still waiting for comptroller email reply to see correct course of actions.


Respectfully

I would gladly share all details in person but for safety and privacy reasons I wanted to not say to the world my name. I am critical when it comes to safety of family and friends.

Thank you.
 
I'm glad to see this situation improving. There are some items that should be addressed.

1. As AsstMod pointed out, your brother posting "Wow, this is great!" without revealing this conflict of interest is both unethical and can land you both in legal trouble with the FTC. I'm shocked your legal team didn't scream the moment this came up in the thread.

2. Although there are some LIMITED exceptions, offering any kind of financial services to clients in the USA typically does require proper licenses and registrations. Some offshore brokers skirt the law, but since you are inside the USA, it's an open invitation to all sorts of Federal and State agencies to pop in with a search warrant while also freezing all of your bank accounts. For your own legal safety, I recommend you immediately fire your entire legal team for not bringing this up. I personally think the best option would be to file a complaint against them with the State BAR against them for gross incompetence. With luck, they will lose their law licenses so they won't be able to provide such bad advice to others in the future.

3. Have you seen any LIVE tests run by your hedge fund managers on a well-regulated broker? You have repeatedly claimed that hedge fund managers at banks routinely make thousands of percent every month. I've already shown the math (page 1, post 7) that 900% monthly gain for 2 years would turn $1 into $1 septillion. A quick Google search doesn't show any Hedge fund claiming to make even 100% per month on a routine basis.

Yes, the broker's padding of spread and commissions would reduce the profits some, but surely if one of your people has a system to turn $10k into $6 billion in a month, it would be more than capable of meeting my challenge (Page 1, post 10) of producing a smaller amount in 2 months.

I really would love to invest some money knowing I can safely and reliably earn even 3% per month, but proof is needed. If you succeed in my challenge , the trackable donations to multiple charities would prove even to people who doubt both of us that a large amount of money really was generated in a very short time. Even a very modest percent of the planned return would be enough to let you hire top lawyers in multiple countries to get any registrations you need to offer brokerage services, savings account, or any other financial service you like.
 
The hedgefund managers sold us their script. We talked to them over zoom communications. They just make and develop strategies for us and code them remotely. This is our partnership with the hedgefund manager we found online in freelancer.

We received the script in hand after they showed us only backtesting proofs. The cBot actually performs just like the backtesting.

No long term proof its consistent but so far its working as intended. We were going to use this for ourselves only internally but did not think when trying to start a HYISA program to somehow reach the US markets.

I agree our lawyers just say don't post anymore, but also we did not consult them in the first place on this matter so its our fault too.

There will be discussion later today.

I can give Pharaoh a copy of the trading scripts for himself to see the AI HFT that were given to us. We just ask that its not openly given freely on the forum to all. This why in person we would have gave directly a copy.

I did not know how else to provide proofs other than give to Pharaoh an actual copy of the cbots. The only fear is that Pharaoh will give to all freely. Just so you can see yourself. This is the best way for you to identify yourself if the cBot was able to perform or not. They require true raw spread accounts as an FYI and trade XAUUSD pair on M1 timeframe.

Let me know how you want to send you copy or not?

Thank you.

We are still willing to meet you as well.
 
Have you been testing the software on a live account? If so, for how long, what was the initial deposit, what what is the current balance, what is the current equity, and what % was the largest drawdown?

As a broker, you can easily do one think that rarely is an option for an ordinary trader. Ask your LP(s) to examine the trades the account has been making to make sure that none of them could later be disallowed as arbitrage. There's no point turning $10,000 in $6 billion, or even $10,001 if your LP declares the trades aren't valid and won't pay.

I also sugggest finding several other regulated brokers with tight spreads to test it on. After all, your LP might be happy early on, but later realize that the bot is "too profitable" for the LP to support.

I'm now going to surprise you. I never wanted a copy of the bot or algo. I only wanted to be able to verify live results via the investor password at some well regulated (and preferably also well-rated) brokers. Backtests and even demo forward tests can not prove that a bot is profitable. They can only show if it is worth risking a reasonable amount of cash on a live test.

Also, I'm not a coder, but I do know that some very clever EAs had been specially rigged so that backests automatically excluded opening trades at times when the bot would have had taken significant losses. Unless the coding was extremely blatant about this, I doubt I could spot it even if I printed the whole thing out and went through it line by line.

Additionally, whether it really works perfectly, is some form of rigged backtest scam, or falls somewhere between those 2 extremes doesn't remove copyright. Depending on the terms of your deal with the so-called hedge fund managers (or freelance bot sellers who claim to be hedge fund managers - since real hedge fund managers who found the holy grail would be very unlikely to sell it on a freelancer site) may not have granted you the legal right to share it.

What I can recommend instead is that you hire a professional trading bot coder to examine the code and but it through some very thorough testing. Hiring a consultant to test and examine a product is far less likely to violate copyright law (and hopefully won't violate whatever contract you did sign to get the software) than handing a copy over to me to play with.

There are a number of trading software developers in the FPA's reviews. You are free to chose anyone you like for this, but let me point one out to you. Rimantas Petrauskas not only has good ratings at the FPA, but also has published a short book with videos about some of the common scams used to sell trading bots, signals, and indicators here at the FPA. If he can't help you, he may be able to recommend someone who can.
 
We have been testing in forward tests. Live accounts have not been tested so far. As you say we are still testing to make sure even if we were to go forward managing live accounts. So far trades are on par with the backtest with the exception of a few larger draw downs than shown in the backtesting but that is in the modified Algo.

We already did as you suggest and contacted our liquidity provider and they are analyzing it now. We will keep you posted on what our liquidity responds us with their analysis in our slack channel with our LP.

Thank you.
 

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Have you been testing the software on a live account? If so, for how long, what was the initial deposit, what what is the current balance, what is the current equity, and what % was the largest drawdown?

As a broker, you can easily do one think that rarely is an option for an ordinary trader. Ask your LP(s) to examine the trades the account has been making to make sure that none of them could later be disallowed as arbitrage. There's no point turning $10,000 in $6 billion, or even $10,001 if your LP declares the trades aren't valid and won't pay.

I also sugggest finding several other regulated brokers with tight spreads to test it on. After all, your LP might be happy early on, but later realize that the bot is "too profitable" for the LP to support.

I'm now going to surprise you. I never wanted a copy of the bot or algo. I only wanted to be able to verify live results via the investor password at some well regulated (and preferably also well-rated) brokers. Backtests and even demo forward tests can not prove that a bot is profitable. They can only show if it is worth risking a reasonable amount of cash on a live test.

Also, I'm not a coder, but I do know that some very clever EAs had been specially rigged so that backests automatically excluded opening trades at times when the bot would have had taken significant losses. Unless the coding was extremely blatant about this, I doubt I could spot it even if I printed the whole thing out and went through it line by line.

Additionally, whether it really works perfectly, is some form of rigged backtest scam, or falls somewhere between those 2 extremes doesn't remove copyright. Depending on the terms of your deal with the so-called hedge fund managers (or freelance bot sellers who claim to be hedge fund managers - since real hedge fund managers who found the holy grail would be very unlikely to sell it on a freelancer site) may not have granted you the legal right to share it.

What I can recommend instead is that you hire a professional trading bot coder to examine the code and but it through some very thorough testing. Hiring a consultant to test and examine a product is far less likely to violate copyright law (and hopefully won't violate whatever contract you did sign to get the software) than handing a copy over to me to play with.

There are a number of trading software developers in the FPA's reviews. You are free to chose anyone you like for this, but let me point one out to you. Rimantas Petrauskas not only has good ratings at the FPA, but also has published a short book with videos about some of the common scams used to sell trading bots, signals, and indicators here at the FPA. If he can't help you, he may be able to recommend someone who can.
So, Rimantas Petrauskas is the best developer. I have the source code. What I noticed is the EA has very high win rate but does not correctly exit trades at times and needs a better filter system for either entering the trades or for the exit, a good indicator.
 
From your screenshot: "but then one trade will wipe out most of the wins." If a single trade does that, at least this doesn't sound like a Martingale system. Instead, it appears that it aims for only 1 pip of profit based on the idea that even if price trends the other way, volatility could often hit the target before price moves too far. The problem is that this can work REALLY great, until it fails during a sudden price move against the position. Narrowing the Stop Loss will reduce the damage, but will also likely cause some trades that might have hit Take Profit to fail. Coding some method (or a better method if one is already part of the software) to try to make sure the trend is in the same direction as the trade before opening the trade should also help some.

Rimantis is a well-rated coder. Whether or not he can come up with a solution to fix the issue is something you would have to discuss with him.

One worry. Some trading bots connect to external sources, In some cases, these sources contain some (or all) of the logic behind the trades. If that is the case, then tweaking the system will be more challenging.
 
Good day Pharaoh,

I submitted an inquiry to Rimantis. Waiting on his response. I will keep you updated on what he has to say.

Thank you.
 
Good day Pharaoh,

I submitted an inquiry to Rimantis. Waiting on his response. I will keep you updated on what he has to say.

Thank you.
@Pharaoh

Good day Pharaoh,

I submitted an inquiry over to Rimantis via his contact support form and received the following email response:

Vaidotas Segenis (EA-Coder.com)


May 24, 2024, 17:16 GMT+3


Hi

Thanks for your email
We appreciate it

Sorry we only work with metatraders
And we are not available for custom coding work

We can't help you with that

Have a nice day
Vaidotas

Also for evaluation of trade positions I have included an attachment of the backtest report.

Do you know of any other good programmers?

Thank you Pharaoh.

Appreciate it.

Respectfully.
 
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