I signed up in June 2024
I signed up in June 2024. For the first 8 months the returns were good, the drawdowns were manageable, and overall I was really impressed. However, things started to change around January 2025 when drawdowns began increasing into double digits. Then April came—“trump tariff day”—and the algorithm has never really recovered since. For almost six months the drawdowns have been around 45–50%, with the system supposedly “hedging,” but it often seemed to be going the wrong way. Today I finally decided to cut my losses because I honestly don’t see how it can trade its way out of the situation it’s in. At one point I had trades open at both the bottom and the top of the markets on the same pair, and some of those trades had been open since January 2025. On top of that, for some unknown reason I had two trades that were not being managed by Octane. No one has been able to clearly explain how they were opened. One had apparently been partially closed manually, which meant it was no longer managed by Octane. Although EFX say these drawdowns are not “realised losses”—which is technically true until trades are closed—the chances of exiting such a deep drawdown without taking significant losses seem extremely small. I genuinely believe the people behind EFX are well-intentioned and want the best for their clients. However, in my personal opinion the issue lies with the system itself. Long-standing drawdowns can happen in trading, but I feel the system now needs a major overhaul. I have not just lost profits I have also lost capital invested which I know is the risk and the name of the game EFX are trying there hardest to remove my post this will be the 4th time I have wrote it