20-40% performance fee (with high watermark) for Forex traders

Aug 24, 2011 at 20:55
36,810 Views
472 Replies
Member Since Apr 25, 2011   262 posts
Jan 22, 2012 at 16:54

   bfe00325 posted:
   Remus,

Since i was starting with the trading one of my main direction points is dont run from the risk but try to manage it and how to live with it.

With this strategy you have a very small percent of chance to blow your account but you need to follow it line after line!

Thanks Pedro for your efforts, and I agree managing risk is one key to sustained profitability. I believe you worked on this a lot, so there is a good chance that with the right account size you could have enough profit on a monthly basis to cover the cases when it loses big. I won't try it now, since the lot sizes are too disproportionate compared with my target, but I appreciate your effort to share and improve the EA through collective thinking!

Good luck!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jan 22, 2012 at 20:17

   nasco posted:
   Wow, you really think I care if you watch the link with such arrogance and haughty attitude? If you are so smart why are you still trading the FOREX markets trying to cover up your incompetence to appreaciate someone else's honest efforts. Your attitude is extremely mean spirited and very much representative of someone who has serious unresolved emotional issues.

Wow, what's up with these hate comments? Did I hurt you so bad by saying your strategy is very risky, by my standards, and by pointing out you decided to hide the history after I shown an example of very risky basket of trades?

Those were just my opinions, and you and everyone else reading them is free to dismiss them right away! I surely did not expect such a reaction from someone looking for clients, and asking $50,000 as minimum investment...
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jan 23, 2012 at 02:42
Hi everyone,

I love a lot of of Google's products, one of them being GDocs (Google Documents). It makes many things involving collaboration between multiple people super easy. Below is just one example.

Because it is becoming increasingly difficult to keep track of the accounts posted in this thread, I put together a form that people can use, for submitting their REAL MONEY account for tracking:
https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0

The nice thing is that the form data gets published into a spreadsheet, and I can add my own details in there. That makes the task of reviewing what was posted on the thread a whole lot easier:
https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0AoBJeNapfnI2dGFQbGdlOXZBWWpiLWN1c212NTJfWlE&output=html

Now the spreadsheet only has 10 entries, corresponding to the most recent posts that provided a real money account. I added those, and I invite interested folks to use the form and submit their current system. Just please only submit REAL MONEY accounts. The form has one option for the type of account that says Demo, but that's just for me to know which accounts to delete from the spreadsheet.

Thanks,
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Oct 27, 2009   28 posts
Jan 23, 2012 at 04:23 (edited Jan 23, 2012 at 04:45)
Remus -

Well, I'm glad to see you show some understanding of the difference between fact and fiction, and you certainly would not qualify as a client being your opinion is representative of a typical weak minded investor who would quit too early, complain, and just give up when the heat is on.

Just to be clear, the only hurt you did was your own reputation by showing a very limited view of some excellent programming work that is still generating stable results in the face of people like you in this industry that will never be able to see the value of other's hard work unless it is your idea first.

It may be that after 6-7 years of hard work that someone else has a better idea than your shallow opinions and limited informational comments in this forum. Ofcourse you seem to want to be the top dog here, so keep up the good work and you can have the last word all you want of absolutely no value to serious and experienced traders. So rest assured, you've been dismissed...
Relax, and Get Paid!
Member Since Nov 10, 2010   25 posts
Jan 23, 2012 at 12:08
Remus:

Finally when you make up your mind on any one provider please let us all know so that we all can also take advantage from your wide and through research of all the fund managers out in he market.
be clear at heart things will work for you
Member Since Apr 25, 2011   262 posts
Jan 23, 2012 at 18:14

   mysonucat posted:
   Remus:

Finally when you make up your mind on any one provider please let us all know so that we all can also take advantage from your wide and through research of all the fund managers out in he market.

Thanks for the encouragement, mysonucat!

Sure, sharing my findings is the idea. I'm started by looking for traders for my accounts, and I figured if I make this process public, it's a win-win-win situation:
- traders/account managers get additional exposure, potentially gaining new clients
- investors/people watching the thread benefit from my data gathering/filtering work
- I see what other people think of the traders being reviewed, potentially helping me (and everyone else) discover unprofessional ones

This is a work in progress, so I don't expect me to announce something like 'these 3 are the winners'. Instead, I plan to submit updates once in a while - as new people submit their systems, and as the systems generate trades, you can image how many moving parts we have here ;)
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jan 24, 2012 at 03:28

   gcardo posted:
   Hi Remus,

If you have a chance, please take a look at myfxbook.
https://www.myfxbook.com/members/gcardo/gc1/221880


Best,
Gustavo


Weird, my watch list says account was deleted, but when I click on the above link it says the system is marked private.

Which one is it? And may we know why?
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jan 25, 2012 at 03:00
3 accounts marked with red (actually it's pink, red was too bright, and I did not like the contrast) today: 2 of them blew up, the other went MIA. I should probably ask for a minimum 3 months of history, since keeping track of young accounts that go belly up is not quite fun.

https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0AoBJeNapfnI2dGFQbGdlOXZBWWpiLWN1c212NTJfWlE&output=html
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
212512
forex_trader_25763
Member Since Dec 27, 2010   7 posts
Jan 26, 2012 at 04:09
Add Global Fx Signal in your watch list and see how we let our Managed Account Grow. Visit our website.
Member Since Apr 25, 2011   262 posts
Jan 26, 2012 at 05:48

   212512 posted:
   Add Global Fx Signal in your watch list and see how we let our Managed Account Grow. Visit our website.

I checked your profile and you only have a demo account, which I'm not interested in tracking (because it's demo).

If you have a myfxbook real account tracking link, please submit it using the form below:
https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since May 07, 2011   5 posts
Jan 26, 2012 at 10:07
hello Remus,

hope you're well. i submitted my pamm details via your google spreadsheet. i am in no rush to take on clients, but rather wanted to start gaining a trading history for potential future investors. i trade both automated and manual strategies depending on how i read the market conditions, so there is always some fundamental analysis involved. no martingale, no grid. all trades have a max risk of 3-5% with a fixed stoploss. i am a firm believer in money management being key to consistent results as well as trading with proven strategies, which are i believe almost the basics that most traders overlook whilst searching for that holy grail.

please find full pamm details on the hotforex website under user name dontshare-fx

best regards
matt
Member Since Apr 25, 2011   262 posts
Jan 27, 2012 at 00:12

   dontshare posted:
   hello Remus,

hope you're well. i submitted my pamm details via your google spreadsheet.
...

Thanks Matt, I see your info. Please verify your track record and trading privileges on myfxbook, and then I'll add you to the list.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Sep 09, 2011   7 posts
Jan 27, 2012 at 13:54
Please add myfxbook account to your watchlist
https://www.myfxbook.com/members/jsxchaser/discipline--consistent/220028
sustain
Member Since Apr 25, 2011   262 posts
Jan 27, 2012 at 16:34

   jsxchaser posted:
   Please add myfxbook account to your watchlist
https://www.myfxbook.com/members/jsxchaser/discipline--consistent/220028

Please first verify your track record and trading privileges, then submit your system using the form below:
https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since May 07, 2011   5 posts
Jan 27, 2012 at 17:42
wow, what a volatile day today! several losses unfortunately. still, onwards and upwards as they say. Remus, due to the account being a pamm, hotforex haven't provided an investor password for me to verify the account. so confirmation can always be my official pamm in the hotforex performance listing.

regards
Member Since Apr 25, 2011   262 posts
Jan 27, 2012 at 18:00

   dontshare posted:
   wow, what a volatile day today! several losses unfortunately. still, onwards and upwards as they say. Remus, due to the account being a pamm, hotforex haven't provided an investor password for me to verify the account. so confirmation can always be my official pamm in the hotforex performance listing.

regards

Thanks Matt for the info!

I'm not familiar with HotForex or their PAMM, but since most people here, on myfxbook, will not even look at a non-verified account, I suggest you investigate how you can get that done. Maybe hotterforex can help? I see he has a PAMM listed that is verified for both trades and privileges:

https://www.myfxbook.com/members/hotterforex/hotterforex-pamm/218175
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
hotterforex
forex_trader_57926
Member Since Dec 28, 2011   20 posts
Jan 28, 2012 at 05:01 (edited Jan 28, 2012 at 05:15)
You can still verify your account even if it's a PAMM account. We are with Hotforex and we got our PAMM account verified.😄

You can set the investor password yourself by using the master password on the MT4 terminal. And with the server setting on myfxbook it's different to the usual ecn one (can't remember it's 'real server' or 'live server' but it's one of those two).

We wish you great trading success as well!
Member Since May 07, 2011   5 posts
Jan 29, 2012 at 21:30
thanks hotterforex, i will give it a go. thanks for your kind comments and here's hoping you enjoy a successful 2012
Member Since Jul 29, 2011   1 posts
Feb 08, 2012 at 07:05
I have both automated and discretionary systems. I am coding and making backtests with easylanguage/tradestation. I also have 10 years of backtest results in my webiste www.olcaykapital.com but its currently only in Turkish.

Here you can check my trade histories:
https://www.myfxbook.com/members/olcaykapital
It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
Member Since Apr 25, 2011   262 posts
Feb 08, 2012 at 07:32

   dontshare posted:
   thanks hotterforex, i will give it a go. thanks for your kind comments and here's hoping you enjoy a successful 2012


Congrats Matt, I see your account has the track record verified. I have published the updated version of my spreadsheet, which now lists your account on row 12 (that may change, as I sort them once in a while).

If you want to prove to investors that this is your account, you should also have the trading privileges verified (place a trade with a comment that myfxbook gives you - the trade can be pending order as well).

Good luck with your trading!

Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
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