Please provide some background on your trading
I have been trading Forex since 2006. In these early stages I made my first few thousand percent return with an initial investment of just a few hundred dollars. By the latter part of 2007 I had managed to turn a profit with FXOpen despite only beginning to trade with them shortly prior to that time. Unfortunately, the entire business model of the retail forex sector was gray and quite unclear to me as a newcomer, and FXOpen was no exception in this respect. Still I managed to establish some valuable contacts during this period in which I was viewed as a potential client.
While a totally innovative system of trading in retail forex was undergoing its new phase of development, I began to work with some of the range of relatively large and regulated companies. I have a lot of memories associated with this period. A real war was unleashed between specially designed anti-manipulative algorithms on one hand, and chief dealers putting a spoke in the wheel, on the other hand.
In the end, the algorithms used to win rather quickly. Under these circumstances the broker usually forced the trader to stop trading and withdraw the profits. It became clear to me that the so-called notable forex regulators served as a mere front for what was becoming clear to me as the business model of a shadow banking system in which non-regulated companies were as good as the regulated ones.
It was also evident that forex forums were flooded with “paid” posts and inadequate forum users from various shady agencies engaged in blackmailing decent companies. This continues to happen up until now and their “opinion” is still convincing to a number of readers. It’s just enough to look up “SCAM BrokerName” in any search system to see what I mean.
As a result, having tried my hand in various organizations within this sector, I gave up trading for quite a while. I took up publishing my own market research in forums instead. It was valuable experience but somewhat disappointing.
STP brokers and ECN/STP (there are very few of them) emerged with time. Then I had already had some experience in trading via several API and MT4 offerings. I was introduced to FXOpen ECN through some of my previous contacts. Without hesitation, I opened a PAMM account but got about a 90% drawdown on my second day. It was not entirely my fault. My broker was also to blame for some technical problems, which were solved successfully a few months later. As for me, I also made some progress – I worked out an algorithm for an Expert Adviser.
During the course of my trading, FXOpen’s entire ECN system was going through a real stress test, as MT4 was trying to handle a heavy flow of trading orders and volumes as never before. Loopholes and bugs were detected and fixed by their support department. I would have never made such achievements without the help of the technical support team, to which I extend my thanks.
What is your strategy?
Spotting market inefficiencies and trading on them. Statistics, confidence intervals and many other factors are of great importance here. That is why the number of trades per day may exceed 1000, while the number of trading orders can be well over 100,000. Here we are not talking about high-frequency trading. However such trading specifics entail certain restrictions imposed by the MT4 platform.
Personally, I take the advantage of placing orders in Level II thus being able to affect the price directly. That is the reason why I prefer Limit Orders in my trading. In this case I can act as a kind of institutional market maker, offering better prices compared to those set by banks. I just react rapidly and grab ECN liquidity, directly bypassing sluggish intermediaries such as trading platforms. It gives me a chance to take the best possible orders form the STP without negative slippage. At the same time it provides an opportunity to compensate for a substantial part of commission through the frequent positive slippage. In this process, everything is tuned to maximize fill rate and minimize trading costs.
So, I tend to use not only the standard bid history when searching for market inefficiencies, but the ask history too. Fortunately, this functionality is provided by the broker in their MT4 trading platform.”
Tell us a few words about Algorithmic Trading (algo trading).
Almost every algo trader arrives at the point of creating personal research and trading infrastructure, which includes collection and storage of market data, back testing, visualization and logging of numerous trading parameters and so on. On one hand, it’s very useful to follow these stages from beginning to end by yourself. On the other hand, it’s a huge waste of time! You are actually reinventing the wheel and developing a tool that could be universal for all algo traders and their trading styles.
If you have the infrastructure, you can dedicate most of the time to different research and analysis. Everyone has his own methods and tools of how and where to dig and delve and where not to. As a rule, an algo trader makes himself a hostage to his own strategies and ideas which are hard to digress from or abandon. That is why it is always worth expanding horizons by learning new visions of the market and approaches to trading as a whole.”
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What currency pairs do you trade?
Certain currency pairs are closely related in forex, therefore there is not one specific answer to this question. Any currency pair can be traded by means of two other pairs. There is as well an opportunity to trade currencies not only in pairs but in units of three or four. That is why it would be more precise to say that the whole trading must be based on synthetic currency. I have posted on forums regarding this issue.”
Do you trade in other markets?
No, I don’t and I have never tried before. I intended to speak to some competent EA creators and developers from the stock market sector during the 2011 Best Private Investor contest. Unfortunately, most of them have a rather vague idea of what institutional forex is.”
What do you think of risk?
I have a different, unconventional attitude to it.”
What is the main formula to succeed in Forex trading from your point of view?
Well, I will give a brief but an honest answer – I don’t know. But such trading terms as prices, liquidity, latency, execution, pricing model, commission and API play a crucial role. Here we can also mention reliable safekeeping of client funds, brokers’ technical sustainability and resistance to liquidity providers’ manipulation, as well as legal defense from potential disputes with STP market participants and protection of the trade flow from toxic status (anonymity in the main stream).
Choose the best broker, the one that best suits your strategy. By doing so you will only have to fight with the market itself.
They say success in forex is a myth. However, you have shown a phenomenal result. What is your secret?
Every person has his own vision of success. I have had to go through certain stages of development. But there are still a lot of things that I plan to do. Despite the seemingly all-around automation and EA trading, sometimes I really feel tired and exhausted. This may trigger some uncontrolled trading activity or no trading at all. Not to mention the never-ending market research. Everything is subjective.”
The most difficult thing is to think independently. I guess this is the key.
What is your vision of the forex industry in the future?
This, actually, is a huge topic for discussion. The very brokerage model is going to change soon. The brokers’ income will depend not on the spread, but on the turnover. Thus, the value of the customer base will be estimated not in the number of clients or deals but in the level of experience and success of the traders. Here we are talking primarily about scalpers making the highest return.
A transition to ECN/STP models, not just pure STP, will likely be considered as well. This will help to integrate huge retail liquidity, which is separated at the moment, as well as to add the institutional liquidity. These factors will prove to be a leap forward in the history of development within the forex industry.
Unfortunately, despite the undeniable advantages of some brokers’ conditions, especially nowadays, lots of people still trade the same old way. They put up with uncompetitive trading terms, literally giving away the lion’s share of their potential profit to the imperfect brokers. They limit themselves in their approach to trading.
Currently, the development of retail forex is hindered by the same product that used to contribute to its torrid growth. By this, I refer to the MT4 trading platform. Obviously, its resources have been almost exhausted. Sad enough but the imposed MT4 stereotypes (that were useful once) have gone out of date. There is a separate class of trading strategies that can’t be implemented in the current phase of the platform development.
We are talking about the need to develop an affordable Forex product with an emphasis on automated trading. Such a product should make it possible to carry out absolutely new market analysis and try new trading solutions with the lowest maintenance costs.
Institutional forex is far from perfect, too. It will inevitably become more mainstream and undergo a number of changes.
Investors will also become more reasonable with time. They will no longer remain loyal to their investment managers within broker companies offering poorer trading terms. It means the efficiency of the money management segment will go up as well.”
What else would you like to add?
“I’d like to thank my family. I would hardly have managed to achieve to this level without their help and support.”

There has been lot of queries regarding Blackhedge. As one of the founders of Blackhedge I thought it would be proper to put up a brief primer on Blackhedge explaining about ourselves and our services and how you can profit from it before it fully goes functional.Those of you who have not visited our website yet can visit us at www.blackhedge.co .
In short Blackhedge is the world's first Altcoin centric proprietary trading firm.That is simply we trade all fiat asset classes ( forex, stocks, commodities, bonds) and also crypto currencies with company owned shareholder funds and pay dividends to our shareholders in purely BLK .( This is unlike some bitcoin based hedgefunds who only trade bitcoins)We also finance BLK centric crypto projects and promote blackcoin technology.
Most of you by now are probably thinking that we are yet another crypto scam site who will disappear with the money overnight.Most of you might question that is it even legal ??The main issue with most cryptocoiners is trust so far I understand and we are not even asking you to trust us.
We are a proper registered firm managing our company owned funds and also acting as a money manager for three very reputed and regulated brokerage houses. As I said you do not need to trust us to make money from us :-). All you have to do is open an account with one of the brokers we are affiliated under and copy our trades in our account. So you do not have to pay money to us directly. You have full control of your money and you may withdraw it anytime you like minus our performance fees which varies from 15 -20 % which the broker directly debits from your account in case of a profit. We also accept clients from U.S and Canada.Sounds interesting ?? Read on.
For Non U.S clients
Minimum investment :- 100 USD Minimum top up :- 20 USD Performance fee:- 15 % Withdrawal penalty :- Nil Deposit :- Bank Wire/Credit Card and various e-currencies Broker :- Fxopen ( regulated in New Zealand) To open an account all you have to do is to click the following link and invest under our trade signals https://pamm.fxopen.com/en/Pamm/Blackhedge6
For U.S/Canada based clients Minimum investment :- 500 USD Performance fee :- 20 % Withdrawal penalty :- Nil Deposit Mode :- Bank Wire/Credit Cards Broker:- Tallinex( regulated in St. Vincents and Grenadines) To open an account please click the following link open an account http://www.tallinex.com/open-account?i=127745&s=127745
Also note we are not responsible if the broker does not open your account because of the lack of documents on your part or because of their anti- money laundering policies. We also do not provide tax or financial planning advise to clients availing this service. Need futher help or clarifications you can email us at [email protected]
Also note a major percentage of the performance fees will go towards financing BLK projects and development of the blackcoin eco system.
Further questions you might be pondering upon would be - 1)Is Blackhedge a ponzi scheme ? 2)If it is not a ponzi then is it profitable ? 3)Credentials of the Blackhedge traders ?
1) It cannot be a ponzi scheme because we do not accept any direct money from clients. We manage only our self owned shareholder(member) money .There are no guaranteed quantum of profits.Profits depend upon the performance of our traders.
2) Well you can follow our live trades in twitter at @Blackhedge_ Our trading statistics can be certified and tracked at a reputed third party website http://myfxbook.com/members/blackhedge . Yes we do make money. Need more mind boggling stats ?mail us we will be happy to flood you with more stats.
3)Traders trading our accounts have atleast one international financial certification i.e either a CFA( Certified Financial Analyst) or someone who has cleared all three levels of CMT ( Chartered Market Technician) Program from Market Technicians Association, New York. It is a prerequisite for anyone handling our accounts.We do not guarantee any certain quantum of profits but we do ensure that the trades you follow are done by professional qualified traders.As one of the founders of Blackhedge I have over 10 years of trading experience in the financial markets with both the certifications mentioned.
If one wants to make a more active association with us in the capacity of a shareholder, we are open to private equity placements.Shareholders ofcourse gets their dividend in blackcoins and enjoy superior returns by participating directly in the growth of the company.
Current Status :- Trading is on and interested folks and copy our trades and also contribute to the growth of blackcoin.
Future Plans :- We are working on some other features of our website which will be online soon enough.We are also in the process of developing some pure blackcoin based financial products which I cannot elaborate right now for the sake of confidentiality.
I hope members of this community will support us in this venture and together we can make a great coin i.e Blackcoin the greatest.
Always bet on BLK.
Please share your views with us in this thread/email us at [email protected]/follow us at twitter @Blackhedge_

Website: https://www.fxopen.com
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Address:P.O. Box 590,
Springates East, Government Road,
Charlestown, Saint Kitts and Nevis
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Phone: +64-9-801-0123
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FXOpen broker provides traders an access to Forex and cryptocurrency markets.
You can open an account from 1 USD and start trading.
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FXOpen was founded by a group of traders as an educational center in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers.
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Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.

I have 50 bitcoins in my PAMM and I am trying to recover to get the refunds. However I have been pushed back and forth. Has anyone successfully gotten the refunds and if you can advice?
This is the FAQ on Wex and they claimed to have refunded/credited already to the old accounts: https://wex.kayako.com/en-us/article/99-what-happened-to-the-funds-that-were-used-in-the-pamm-and-mt4-accounts
So I emailed both and this is what I got from each of them: WEX - Dear User!
The old BTC-E platform had a White Label contract with FXOpen company for PAMM and MT4 services. When the BTC-E crisis occurred on July 25, 07/17, this company broke the contractual relationship unilaterally. Wex.nz decided to provide assistance in the return of funds to former and current users of the platform and took over the communication with the company FXOpen. We collected all tickets for refunds and provided them to FXOpen employees for processing and making refunds. We notify you that the processing of requests from FXOpen started on September 25, 2017 (it was fixed in our ticket system). Seeing the reaction of users to the information sent from the company representative, we would like to make an additional statement. At the moment no claims for WEX.nz payments can be considered for two reasons: WEX.nz is a new platform that did not accept any financial obligations from BTC-E. This information was announced earlier in the news site. The new site has no data to work with these services. That is why all requests for balances, calculations, historical data (and others) on PAMM and MT4 should be requested from FXOpen. You can still do this through tickets or directly through the support service of FXOpen https://www.fxopen.ru/svyazatsya-s-nami/ WEX.nz cannot affect the speed and quality of responses of FXOpen employees in any way.
Respectfully, WEX.nz support.
And FXOpen -Hello,
Thank you for contacting FXOpen.
FXOpen Company may not comment its business relationship with its partners and customers.
Should you have an agreement with FXOpen, we will be happy to answer your questions regarding our services provided under such agreement.
Considering you don’t have any contractual relationship with FXOpen regarding any of BTC-e services and FXOpen didn’t receive from you or BTC-e your funds, we kindly ask you to contact BTC-e customer service with all question you have in respect of BTC-e services or clients funds.
Best regards,
FXOpen
So no matter how I tried I could not get any progress. I know some people have successfully gotten the attentions when posting it here so I thought I would give it a try to get help from the Community.

The following post by benATstib is being replicated because the post has been silently removed and some comments within it have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7zcxu9
The original post's content was as follows:

I invested a lot into PAMM service when btc-e was still one of the best exchanges; however when it came down I thought I would lose most if not all. Luckily Wex.nz came along to take over the old btc-e exchange but the PAMM service was never coming back. I heard some people got the credits for their PAMM's balance while mine is still nothing. I wonder why then started to create support tickets on Wex a few months ago. I never quite got a good answer from Support and now all of my questions to get the refund from my btc-e's PAMM are ignored. I know most exchanges only response to customers once the it hits Reddit with complaints. I still have a lot of bitcoins stuck in my btc-e's PAMM balance. I would appreciate your guidance and advice on how to proceed if there is only 1% of success. I could not get in contact with the right people as Supports from both Wex and fxopen would just push back and forth denying one another for a broken contract with the old btc-e exchange.
I initially thought when Bitcoin hits ATH at to $20k they ignored all of my effort but now as it only half I am still happy to get any portion back so please if you know how or at least I can get an official response with reasonable explanation on my investment balance.
Here is what Wex said: Dear Users!
The old BTC-E platform had a White Label contract with FXOpen company for PAMM and MT4 services. When the BTC-E crisis occurred on July 25, 07/17, this company broke the contractual relationship unilaterally. Wex.nz decided to provide assistance in the return of funds to former and current users of the platform and took over the communication with the company FXOpen.
We collected all tickets for refunds and provided them to FXOpen employees for processing and making refunds. We notify you that the processing of requests from FXOpen started on September 25, 2017 (it was fixed in our ticket system).
Seeing the reaction of users to the information sent from the company representative, we would like to make an additional statement. At the moment no claims for WEX.nz payments can be considered for two reasons: WEX.nz is a new platform that did not accept any financial obligations from BTC-E. This information was announced earlier in the news site. The new site has no data to work with these services. That is why all requests for balances, calculations, historical data (and others) on PAMM and MT4 should be requested from FXOpen. You can still do this through tickets or directly through the support service of FXOpen https://www.fxopen.ru/svyazatsya-s-nami/ WEX.nz cannot affect the speed and quality of responses of FXOpen employees in any way.
So I went to FXOpen and here is what they said:
Thank you for contacting FXOpen.
FXOpen Company may not comment its business relationship with its partners and customers.
Should you have an agreement with FXOpen, we will be happy to answer your questions regarding our services provided under such agreement.
Considering you don’t have any contractual relationship with FXOpen regarding any of BTC-e services and FXOpen didn’t receive from you or BTC-e your funds, we kindly ask you to contact BTC-e customer service with all question you have in respect of BTC-e services or clients funds.
So they basically blaming one another while my funds are either stuck or lost.
Appreciate all of your advices and comments!

Recently Forex broker FXOpen introduced new trading instruments, including CFDs, oil, and natural gas. ForexCup couldn’t but follow the suit. Today we launch new contest called CFD Navigator.
Lots of prizes

3 PAMM Accounts. The main prize is PAMM ECN with USD1000 in it. The runners-ups get PAMM STP Accounts with USD500 and USD200 for the 2nd and the 3rd places respectively. Real-money prizes. The prize fund of USD2000 is distributed among 8 leaders of the competition. Bonuses for success in trading. Bonus fund amounts to USD2500. Increase the start-up deposit by at least 20% and get 1% of the profit! 

ReaD More https://forum.forexcup.com/showthread.php/108737-CFD-Navigator-New-Trading-Contest-Starts-July-6?p=2156946#post2156946