siitari

my fx book shows like a dd of .21%

 

so my question to the gurus is how in the heck can that be ????????????

 

have the leo guys figured out how to manipulate myfxbook, i am soooooooooooo stumped.

 

can anybody make sense of this ???

I'm not sure but I believe that myfxbook shows closed orders DD.

I wonder(since I'm not registered at above mentioned site so I can't read what's in there) if this is another mix up because the account is a mini account. So pip value isn't $10 but only $1!

That means that there never was any huge account demolitioning drawdown! It was 1/10 of it actually. If I remember correctly there was some talk of nearly $2900 DD when balance was some ways under it(something like $2800 or the likes). But actually it was only about $290 since it is a mini account!

I'm pulling these numbers from my weak memory so they propably aren't that accurate but nevertheless the account wasn't even near crashing.

I'm not sure how possible it is to allow an account to continue taking trades while equity is negative, as there is a free margin check on the server before any order is accepted and filled.

It hasn't been negative at all. Why is this conversation still going on? It's NOT A STANDARD account.

From EA developers site @ http://www.leotraderpro.com :

IMPORTANT: This mini-account trades $10,000 contracts (rather than standard $100,000 contracts) so 1.0 lots = $1 per pip

EDIT: So to achieve similar results on a standard account you have to trade microlots.

http://www.myfxbook.com/members/rayong1/leo-trader-pro/69928 is trading 1-cent-a-pip account

Bumb this. It's a micro account that they are testing, not publicly available yet. So any calculations($1200 was actually $120) shown here are wrong so far and the account wasn't even close to be blown out.

From that above link:

Our company representative will be with you in a moment. Meanwhile you can submit your question.

13:49 Sampo has joined the chat.

Sampo | 13:49

Hi, how may I help you Raymond Ong?

Raymond Ong | 13:49

Hi, I’m verifying some account info. What sort of account has mam at the end of the currency pair symbol, eg. EURUSDmam?

Hello Sampo

Sampo | 13:51

MAM and micro lot accounts use mam postfix (micro accounts are not yet publicly available).

Raymond Ong | 13:52

I have login read only access to some live accounts and I see the mam at the end of the symbols

These are from EA vendors.

Sampo | 13:53

If you are preferring to Leo Trader’s account, it’s currency rates and lot sizes are equal to normal ECN account. They just have that kind of symbols because they have also been testing our micro lot account.

Raymond Ong | 13:53

I also see that they are ECN accounts because they have commission on the trades. I thought the smallest amout to fund an ECN account was 2500 USD or 2000 EUR

Yes refering to Leo trader account and Pip Laser account from Megadroid guys.

Raymond Ong | 13:54

So they are testing ECN in micro lot accounts? How?

Sampo | 13:57

That account type is something we are considering and they have been testing how it works.

Raymond Ong | 13:58

I see. So to clarify it is an Micro ECN account.

Sampo | 13:58

The results they have done could have been complished with normal ECN account as well. They did not use micro lots in their trades as far as I know.

Yes. But do notice the aboce sentense.

Raymond Ong | 13:59

ok

alright thanks very much.

Sampo | 14:00

You are welcome.