Those damned criminals
Tell us informed if you get your money back.
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| Bully Pepperstone ARb https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1383 |
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| Author: | TheLocustFund [ Mon Jan 14, 2013 4:07 pm ] |
| Post subject: | Bully Pepperstone ARb |
I log on just now and what can I say other than "WOW!" 60 PMs! I'm not ignoring all of you, it will just take a lot of time to answer each and every one of you who is interested. The general response will be copy pasted. I normally trade Frankfurt and London session so I will answer some of you today and the rest of you over the next several days. Good luck and trade well everyone. |
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| Author: | gdr3k [ Mon Jan 14, 2013 4:57 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
I received a PM about this also, you say trading the SEK, EUR and JPY ring, what does that mean exactly? Cheers. |
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| Author: | summicron [ Mon Jan 14, 2013 5:31 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Could you paste your general response here too? Thanks. |
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| Author: | alex_forex [ Mon Jan 14, 2013 5:33 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Please wait guys... |
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| Author: | TheLocustFund [ Thu Jan 17, 2013 4:20 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Guys. I was blown away by the eagerness for traders to help and who were interested, however, with some great people there were some down right rotten people. I will not go into names and point fingers but some of the things that were said to me for not offering up my system were mind-boggling. It takes a lot to offend me and the things that were said did not offend me but really just made me stop and think and second guess generosity. If there is a Skype chat with a large chunk of traders here I will gladly join and share some other arbitrage opportunities with you. Also, I was contacted by an employee at Bully Pepperstone and they are threatening criminal action against me. Most of the accounts that I traded have been disabled. One was funded at 216k is currently at 405k, another 103 is 180k. I will keep you all posted and let you know if Bully Pepperstone pays. FWIW, they did make the change to the swap payments today and that arb is gone. Good luck and trade well. |
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| Author: | garyfritz [ Thu Jan 17, 2013 4:51 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
I'm not at all surprised Bully Pepperstone changed their swap payments to kill the arb. I suspect somebody goofed to enable the arb in the first place. If Bully Pepperstone is PO'd about the goof, they should be sacking those responsible. But criminal action against YOU!? That's ludicrous. You just used the products they offered, in the manner they offered them. I can't imagine they have a legal leg to stand on -- they're probably just blustering in hopes of getting you to voluntarily surrender your profits. Scoundrels. And same for people bitching at you for not giving them enough, on a big enough silver platter. Shame on them. Sheesh. TLF, I'd love to learn more about your arb ideas. |
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| Author: | crashout [ Thu Jan 17, 2013 5:39 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Those damned criminals Tell us informed if you get your money back. |
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| Author: | themaxx [ Thu Jan 17, 2013 7:54 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Hey Locust can you answer a question for me about this strategy please? I worked out what to do, and I tried it on demo. I mixed up the direction of the pairs to get swap (I'm not asking about that), but I did open a hedged trade: Buy 1.0 EURJPY Sell 1.0 EURSEK Sell 1.0 SEKJPY My question is on the drawdown. When I opened the trades manually, the drawdown was around -$120 which is approx what I it is now, however over the last few days the drawdown blew out to around -$1200. Is that normal with this type of trade? Is this the potential drawdown you were talking about in your message to Steve? Or is it the fact that I executed this on demo? My account is here: http://www.myfxbook.com/members/themaxx ... arb/464853 Thanks Pete |
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| Author: | Jedster [ Thu Jan 17, 2013 10:37 pm ] |
| Post subject: | Re: Bully Pepperstone ARb |
Nope you can't just trade equal lots, you have to balance out the trades. Google "triangular arbitrage" or "triangular hedge" for more information. I also just looked up a post on ff that spells out how to work it out: http://www.forexfactory.com/showthread. ... ost2224064 Regards J |
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| Author: | themaxx [ Fri Jan 18, 2013 7:13 am ] |
| Post subject: | Re: Bully Pepperstone ARb |
Thank you. |
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