Reference Accounts Older accounts running Synergy v3.2 until 25th Feb 2013

  • Synergy V4 Reference : London Capital Demo

    EURUSD : Max_Allocation: 10; Default Parameters (Recommended)
    USDCHF : Max_Allocation: 5; TSL_Level1=50; TSL_Level2=100; Pair=2; Force_Close_At_MaxLoss=0;
    Start Date : 27 February 2013

  • Click Here for MyFxBook verified statement

The following third party demo accounts were running v3.2 since its release in July last year. These accounts were started on $5000 start capital, but the minimum lot size allowed is again 0.1, so the money management is not in effect. Running Fixed Lot 0.1 (EURUSD and USDCHF) - High Risk (Equivalent to Allocation 20)

  • bestforexrobots.net - Broker FxPRO Demo

    Default Settings : Start Date : July 30, 2012
    Started With Synergy V3.2
    Updated to Synergy V4 on 12 March 2013


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  • Reference test - Broker FxPro Demo

    Default Settings : Start Date : 11 June 2012
    Running Fixed Lot 0.1 (EURUSD and USDCHF) - Very High Risk (Equivalent to Allocation 30)
    Updated to Synergy V3.2 on 23 July 2012
    Updated to Synergy V4 on 17 February 2013


  • Click Here for MyFxBook verified statement

  • Real Forward test - Broker FxOpen ECN

    Default Settings : Start Date : 30 July 2012
    Running Fixed Lot 0.1 (EURUSD and USDCHF) - Very High Risk (Equivalent to Allocation 30)
    Loaded Synergy V3.2 on 30 July 2012
    Updated to Synergy V4 on 17 February 2013


  • Click Here for MyFxBook verified statement

PhiBase VPS DownTime/Technical Issues Reports

The Synergy FXOpen real account is running both EURUSD and USDCHF with fixed lot size 0.1 on a start capital of 3000. This account was started as a test account to provide trade reference. The risk levels using the fixed lot size is very high, since when money management is used for same capital, the EURUSD trade size would be about 0.03 and for USDCHF it would be 0.02

When Synergy v3.2 was released, we had Birt's (eareview.net) real account to provide proper reference along with money management. This was in effect until December when the VPS restart did not reactivate the EA leaving a set of trades orphaned with out the EA controlling it. The trades closed for profit on all other accounts, but these had to be manually closed after the site admin's return in January. This account will be getting back on track, but it missed all the trades between December to January (over 500 pips on EURUSD).

The FxPRO demo account with $3000 start capital is running with allocation 8 for EURUSD and allocation 5 for USDCHF, but the minimum lot and lot increment allowed for this account is 0.1 (mini lot). So the EA is trading with the minimum allowed 0.1 lots. This again is on high risk.

The third party accounts also started on $5000 start capital, but the minimum lot size allowed is again 0.1, so the money management is not in effect.

Since January, we have made it a policy to run reference real accounts in-house with proper risk levels only. The new reference real account will be operational after the release. The reference accounts will be run in-house and properly funded with a start capital of $6000 to allow for proper money management and correct risk levels


Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience. Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.


Disclaimer


U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.


*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


By using PhiBase SYNERGY, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.


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