FX4BTC


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Updates for investors. Program Manager on @GenesisVision , Private Account Management (MT4/MT5/cTrader) PM @Hedgebitcoin

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Words of Wisdom

Never invest into any program with 100% Stopout because you will be disappointed at some point. This means that the trader can eventually lose all your money. The only way to justify investing in a program with a 100% stopout would be a trader that can consistently make 100% gain each month.

If the trader can make 100% gain a month while risking 100% of your capital, this essentially means the strategy has a 1:1 risk/reward ratio which is fine if the trader has a more than a 50% win ratio. However, you can only know their win ratio over time. They need a track record first before you can make any educated decision.

Programs with 100% Stopout

https://genesis.vision/invest/programs/forexdailytrading

https://genesis.vision/invest/programs/simple-trades-v2

https://genesis.vision/invest/programs/all-asset-strategy

https://genesis.vision/invest/programs/trendtrading

https://genesis.vision/invest/programs/wam-bam-thanks

If you have money in any of these systems, you should reconsider until these traders adjust their stopout percentage to a reasonable value that can justify their potential upside. Just ask yourself a simple question.

How much are you willing to lose to make X percent?

If you are willing to lose 100% of your investment while only making 5-15% a month, in the longrun you will be broke.

I've seen more than 10 million dollars evaporate from investors in Forex this month alone. Some of the top (most popular) strategies failed because their risk to reward ratios were purely garbage. They may make 5,10,15,30% a month, but at would cost? 100% of their capital.... The markets finally went outside the standard deviation and literally killed them

Rest in Peace

#GoldStar
#SatangFX
#OutsideTheBox
#Frero
#KHG_Trade


Three traders to keep on eye on longterm that have Equity Protection. Be safe, Invest wisely.

https://genesis.vision/invest/programs/valhalla
https://genesis.vision/invest/programs/king-usd-program
https://genesis.vision/invest/programs/institutional---7day


Any large investor (10k) plus, I'll remove the entry fee when accepting your capital. Have a good weekend. I'll be taking today off from trading.








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#genesisVision partnerships


If I ever feel like RoboForex is not giving me fair market execution I can always migrate our accounts to https://exante.eu/company/ ( Another partnership that Genesis.Vision has secured).


What I don't like about RoboForex? Their current regulation status. (RoboForex Ltd has a special brokerage license IFSC Belize "Trading in financial and commodity-based derivative instruments and other securities" under the number IFSC/60/271/TS.). https://roboforex.com/about/company/regulation/

I don't particularly trust any broker that is regulated in an offshore location. However, RoboForex does have a regulated entity in elsewhere. RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker regulated by the CySEC, license No. 191/13.
RoboMarkets Ltd provides financial services only to the residents of the EU/EEA countries. https://www.robomarkets.com/

If you want to learn more about why a brokerage has Two entities, please feel free to read this article. To sum it up, by using an offshore entity, the broker can offer higher leverage than what is available within the EU guidelines. https://financefeeds.com/leverage-restriction-apply-europe-cyprus-fx-brokerages/




I've had quite a few questions regarding my trading account on MYFXBOOK. Let me explain in further details.

1. http://angelitrade.com/ Is an Institutional Branch of https://just2trade.online/ (regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015). When GenesisVision stopped their partnership with Just2Trade, they changed the login details on my accounts and now on Myfxbook, the track record is no longer verified. However, if you know how myfxbook works, you must verify the account in order to display the track record publicly. This means that the track record was verified before the passwords were changed.

2. Once the partnership was cancelled, I had to migrate my trading account to another broker. I selected RoboForex ECN account type. You can confirm this on myfxbook now, and you can also see the commission cost per trade on GenesisVision. Scroll down to the "Trades" Tab, and look at the track record. You will see the "Commission" Column. This means I am paying a commission per trade on RoboForex ECN account type. https://genesis.vision/invest/programs/fx4btc-28

What I like about the ECN account type is that its the real deal. I am getting Positive Slippage, which is quite hard to come by at any other broker that claims to be an STP ECN brokerage. (Straight Through Processing, Electronic Communications Networks) - https://roboforex.com/forex-trading/trading/ecn/








The current Voting is 3 Up votes and 3 down votes. Let me explain the mixed audience here. By allowing the profits to be paid out in USD ,ETH and BTC, the investors will experience precise payouts without any lost profits during conversion. I am for this obviously as this can improve the investors overall experience and make mass adoption for the GenesisVision platform easier. On the other side, are those who invested in the GVT token (bag holders) that expect to see the token value increase as managers pay out profits in the native #GVT token(Buying Pressure). Unfortunately, most investors will simply convert these tokens internal balancing out the positive aspect (Selling Pressure). So please, give this a 👍 and lets focus on #MassAdoption


20,000 USD available at 15% performance fee. There is a 10% entry fee based on the replies from Support. I've requested to waive the entry fee if you were already in #FX4BTC28 , It's up to GV support to handle this on their side and reimburse investors who join now. After the first batch of investors, the Performance fee will increase. It's probably better to pay the entry fee just so you can get locked in at 15% performance fee before I increase it to 30%. Best luck to those that get in now.


#FX4BTC29 Program Closed:

Explanation below -

1. This is the second time that I've had a configuration error while copying the trades from program FX4BTC28 to FX4BTC29. This time, my lotsizing was higher on FX4BTC29 resulting in larger drawdown percentages than FX4BTC28. As a result, The account hit the stopout.

2. Once this account reached the stopout, I started to trade this account independently, which ended quite badly for me.

3. Since I could not readjust the Stopout percentage at the end of the period, FX4BTC29 would remain at a 10% Stopout. To prevent the exact same scenario from happening again. I've decided to close this program. Now, that I am taking the time to write this all down, I should have asked GenesisVision support team, if it was possible for them to remove the 10% Stopout since FX4BTC28 already had the 10% stopout protection. This would have allowed me to focus on one account and let FX4BTC29 follow along at a little bit more risk. A few percentage points in drawdown would have made a huge difference during my sitution.


#FX4BTC28 Program temporary not accepting investments

Explanation below -

1. 10% Stopout reached - I had to try to manage another account simultaneously and as result, it took my focus off trading and put myself into a complex highly stressful event.

2. I need to relax, regain my thoughts, catch up on my fundamental analysis, and add a few suggestions to the GenesisVision platform.

3. I've read through the private messages on Discord and Telegram. I probably won't answer them anytime soon.

4. I've read through the GenesisVision chat group and I understand completely. These "issues" and "concerns" will also be part of my feedback for the GV team if you haven't already added the suggestions.

5. Be patient. Missing out on a few trading days won't matter much in the long run.

- HB


What makes my programs a good investment?

My programs have a 10% stopout level, which means our maximum loss is only 10%. This allows me to take a loss and preserve our risk capital to trade another day. The 10% stopout is for "Worse Case Scenario" which closes the open positions immediately if our open drawdown reaches this limit.

Has it happened before?

Yes, I have reached the 10% stopout, however, I have been able to recover and reach new equity highs after the stopout. When 90% of our risk capital is still left in our trading accounts, we still have plenty of funds to continue trading and regain the previous losses.

What is your trading strategy?

I focus on market corrections and money flow while having over 12 years of intra day price action experience. By combining the two together, I have a good understanding of the macro economics through out the world, while also having a technical perspective which gives me the confidence and edge to execute trades in a consistent matter.

Programs:

https://genesis.vision/invest/programs/fx4btc-28

https://genesis.vision/invest/programs/fx4btc-29


FX4BTC28 restarted. All investments in/out are complete. Technically rated #2 program on GenesisVision based on Percentage gains





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