5% average monthly profit for at least 2 years (with less than 25% max. DD)

FxMasterGuru posted:
@ForexManagerDBA

- You could not provide a single account's MyFxBook link showing the phenomenal performance.

ok...i guess you are not a master guru in terms of attention span

FxMasterGuru posted:
@ForexManagerDBA

Since I have started this thread and it is NOT an advertisement forum for your account management services, so let me REITARATE one more time:

You could not provide a single account's MyFxBook link showing the phenomenal performance.
NOBODY should come to this thread with PDF and JPG performance statistics.... Nobody!
Come on! Anybody can draft up a PDF/JPG performance statistics in 10 minutes...
This is MyFxBook and ONLY MyFxBook verified real accounts can be considered in this thread.

@ForexManagerDBA

I will not react to the rest of your ranting. I have already said what I wanted to say about your services and about my friend's experience. PLEASE SPREAD YOUR WISDOM SOMEWHERE ELSE!

@FxMasterGuru
Stop being pathetic...how old are you? Either 110 or 12. First you cannot read, now you cant open a document or click a link...
More spoon feeding, here is the link with 51 months 5.4% per month for 9.5% DD: https://www.myfxbook.com/members/ubertrading/ftk-4207/222343
Next you wont be able to add up each months profits and divide by the total...sorry you cannot even start babypipsschool without that kind of basic education...

Now the market is open and some have got $$ to make...

@ForexManagerDBA

Come on... Go back to elemenatary school to learn to read and count The title of this thread says at least 5%. F-I-V-E.

Your monthly profit is 3.7%. At least according to MyFxBook.

Anyway, your strategy is disqualified as it had made my firend's account to lose 30% within 30 minutes. IT IS A FACT WHICH CANNOT BE DISPUTED.

30% in 30 minutes? What type of trading was it? overtrading, overleveraged? overexposed?

I think every fx-trader should use Barclay Currency Traders Index as a strategy Benchmark. What do you think? https://www.barclayhedge.com/research/indices/cta/sub/curr.html

zarni posted:

FxMasterGuru posted:
@ForexManagerDBA

- You could not provide a single account's MyFxBook link showing the phenomenal performance.

ok...i guess you are not a master guru in terms of attention span

@zarni

Sorry, did I miss something...? I don't recall anybody positing here a real verified MyFxBook account link showing a startegy performance fulfilling ALL stated criteria (by an account running at a reputable broker) and not using Martingale money management.

Please correct me if I were wrong.

alexforex007 posted:
30% in 30 minutes? What type of trading was it? overtrading, overleveraged? overexposed?

Well, I guess it is not a secret that ForexManagerDBA uses a sophisticated NEWSTRADING strategy. So when B-booking brokers get fed up with the proofitable trades they simply delay the execution by 1-2 seconds and the order is filled at the WORSE possible price at the end of the spike. Many times the fills were even BEYOND the worst visible price on the chart as the brokers show only their 'best prices'. So the broker not only delayed the execution, but also slipped the fill badly.

Of course, when it happens (getting fillied at the edge of the move or worse), ForexManagerDBA still tries to get some small profits out of it, or closing at breakeven. However, when the price reverses sharply and immediately after the spike (i.e. back to pre-news level, or even beyond), a major loss has to be accepted. That is why it took 30 minutes to get the -30% loss...

FxMasterGuru posted:
@ForexManagerDBA

Come on... Go back to elemenatary school to learn to read and count The title of this thread says at least 5%. F-I-V-E.

Your monthly profit is 3.7%. At least according to MyFxBook.

Anyway, your strategy is disqualified as it had made my firend's account to lose 30% within 30 minutes. IT IS A FACT WHICH CANNOT BE DISPUTED.

Why are you so scared of stating that we have met the criteria? You deserve a medal for denial.

INCORRECT again and if by the end of this post you honestly don't understand what you doing wrong, then its pointless discussing this further with you.

EVERYTHING was stated accurately in the FIRST post AND repeatedly since then (even 2 posts up we reminded you that you would need to correct the Mfb glitch in order to calculate the accurate monthly average, but it seems to be beyond your abilities!)...if you READ and CHOOSE to SEE THE OBVIOUS ERROR in Mfb's monthly average calculations on that one 51 month account and the other accounts and then had applied the basic maths check, then you would have seen for yourself that we are indeed correct in stating the 5.4% per month for 51 months! and UNTIL YOU DO THAT, YOU ARE WRONG AND CHOOSING TO PURPOSEFULLY DISCREDIT OUR PERFORMANCE. Therefore of course we will keep posting here until you get our performance correct!

Attached is an image of this SAME Mfb account from a website...Note that the average performance shows as 4.62%...why would it be 4.62 on there and 3.7 on the link...Any Light bulbs starting to come on yet? BECAUSE the automated average calculation on Mfb NEVER STOPS and so a few months ago it was higher than it is now and in a few months time from now the average will drop even further...this is enough PROOF that the monthly average has been decreasing automatically every day since the account was closed in Feb 2014. Which is why you have to do a manual averaging of the months for accurate interpretation. Now if its still blank upstairs, then rather go ask a friend or someone else to explain because we have done enough for you.

To try help your ADD, here again are the simple instructions at point #1 and Note what was said in point #4, because that leads us to your ranting about your friend, which will be addressed soon:

Calculating our Verified Performance:
1. There is a glitch on Mfb that does not stop recalculating the monthly average even though the account has not been traded for years and therefore, with time, the displayed monthly average profit decreases for these inactive accounts. In order to correct the monthly performance statistics on some of our old accounts, it is required to change the account's custom end date to after the final trading activity...for 100% accuracy...manually add up each month's profit or loss and divide by the total number of months to find the true average profit - this is the method we used as seen in the attached document.
2. Maximum DD will be correct as it is not affected by time.
3. We have more than 1 myfxbook account, the other is @Ubertrading so if you want to verify that both are ours, just send us a message at both to confirm. However the primary communication and administration myfxbook is @ForexManagerDBA
4. We have not included the more recent 'HL' (High Leverage) VIP accounts at other recognised brokers, as those results are too explosive! Even though the strategy is the same, these 'HL' accounts are traded at higher leverage / risk than our usual 'VIP' accounts.

why nobody try to invest to my PAMM? whyyyyyyy?
hahahahaha

FxMasterGuru posted:
@ForexManagerDBA

'6 Year Anniversary of our Team's Verified Performance since 2009' Self-Congratulatory page is gone... ('The page you're looking for was either removed or doesn't exist.')

I guess the clients were not so enthusiastic after all... Learning my friend's story (losing 30% in 30 minutes) I am not that surprised.

Mfb probably took it down as it's too good to believe, shame on Mfb, think of the many thousands of hits we have sent to your site 😉

Wow 'guru' you are so kind, thanks! Clients weren't notified about our 6 Year Mfb Anniversary...why do marketing...imagine dealing with 'gurus' all day...one is enough and we prefer to focus on making us and our Clients $$.

''losing 30% in 30 minutes:'' Here is our final long response to your friend's loss:

We still haven't heard from your friend (or his IB). We also responded to your story the first time you mentioned it. It seems like he joined our high leverage / risk offering as you keep mentioning small deposits, therefore 30% DD or more IS expected! Would you prefer the 30% DD to take an agonising year like most other traders? The most recent 3rd party managed accounts we tested lost us (within a few minutes) 80% and 40% EACH after a couple months of joining - that's the extent of the competition and we have tested many more. At least your friend apparently only lost 15% and we have apologised AND - (repeat #2) please ask him to contact us with details and we'll endeavour to recover his loss in 2 months - if he doesn't accept then BOTH of you please Man-up and deal with it as that is your choice, not ours.

Forex Manager's existing Clients are made aware of the RISKS associated with trading. They are also aware of how we trade and that we have 2 SEPARATE OFFERINGS WITH DIFFERENT RISK PROFILES as can be seen by the account names on our Mfb and has been mentioned already...let us clarify to you and your friend the difference between 'VIP' vs 'HL VIP':

1. 'VIP' = 'normal leverage' VIP trading: for LARGER DEPOSITS...as stated on our profile, the minimum is $30k to $500k depending on broker. Of course this is 'normal' leverage and our maximum historical DD in 6 YEARS for this was about -14% to -20%.

2. 'HL VIP' = 'high leverage' VIP: primarily for SMALLER DEPOSITS and/or select brokers, but its usually $5k to $30k deposit sizes. As the name states, this is HIGH leverage risk trading! We trade these accounts with anything up to 4x the normal leverage. Therefore of course 30% DD is well within the expected. For this HL solution, Clients are instructed to deposit only profits or funds they can genuinely afford to lose! So why do we even offer a High Risk solution? There are many factors to consider, but here are the basic reasons:

    2.1) the beauty of leveraging $10k as if it were $40k is that you can limit your exposure / risk to any broker i.e. deposit only $10k with a broker and leave your remaining $30k in the bank or at a well capitalised broker with our normal leverage VIP applied. Therefore even if you were to somehow lose the whole $10k (due to a very rare or unlikely trading or Alpari scenario), 75% of your funds are still safe and the end result is only a realised DD of 25%.
    2.2) we have millions of our funds invested, so why bother with low leverage and small gains and all the associated effort on a $10k account...to make it financially worth our while, all small accounts are traded at high leverage / risk. Either that or they need to deposit a substantial amount and we will only then trade it at normal leverage.
    2.3) our Clients will recall that we used to have a minimum deposit of $100k for non-PAMM accounts...the HL VIP opens the doors to many others that previously could not afford to experience this strategy.

Again...If anyone thinks that $10k is too much money for them to lose, then they MUST NOT join our service!! same applies to your friend. We are not typical retail traders...$10k is a small deposit for our service and will be leveraged accordingly. However only Clients with substantial funds in other lower risk solutions (ours or private) are permitted to join HL VIP. Some of our large Clients will have up to 10 HL VIP accounts...why? because they can and the profit potential is huge...even greater than the many myfxbooks that we provided in the previously attached document. Screenshot examples of the 2 types are attached.

YuriyZelinskiy posted:
I'm just curious here. What's wrong with that strategy that clients have to frequently change brokers ? Was it something that violates the Terms of Service of those brokers ? Or strategy was capable of working only with lowlife brokers/marketmakers that clients need to take their money away before it's to late ? I don't get it, whats the point of changing brokers instead of using one broker that everyone can trust ?

There is nothing necessarily wrong and its a legal strategy. We a bit too profitable at too quick a pace, which is the brief answer. We do use brokers that can be trusted and are highly recognised. Thanks, 'guru's' response to you was thorough enough, apart from at the end where he goes off an a tangent about 'destroying the strategy edge etc etc', which is not really the case as we have means of controlling most of those factors, plus as you can see from our results, we have only improved over the years. Our suggestion when it comes to these types of concerns is to allow us to do our job and follow our guidance...we naturally take all this and much more into consideration. Its fairly straight forward, unless the Client chooses to make it complex by wanting to know everything about why and how this and that or starts opening broker accounts without checking with us - it is a large subject and we don't have enough time to educate everyone and still trade for a living...hope you can understand. Thanks

@ForexManagerDBA

There is nothing wrong with MyFxBook's Monthly Profit calculation method.

Actually it is very sophisticated as it considers deposits and withdrawals. So before making derogative statements against me or MyFxBook, please R-E-A-D about the mathematical formula how MyFxBook calculates Monthly Proifts. If you don't like it, please complain to MyFxBook. Maybe they will modify it just for you...

5% on low investments can achievable by best forex managers but on big investments its a different thing

FxMasterGuru posted:
@ForexManagerDBA

There is nothing wrong with MyFxBook's Monthly Profit calculation method.

Actually it is very sophisticated as it considers deposits and withdrawals. So before making derogative statements against me or MyFxBook, please R-E-A-D about the mathematical formula how MyFxBook calculates Monthly Proifts. If you don't like it, please complain to MyFxBook. Maybe they will modify it just for you...

As mentioned, go phone a friend if you don't know how to calculate an average...

Simple (repeat): Add all the months' results together and divide by total number = +5.4% for -9.5% Maximum DD in 4.25 YEARS. The final trade on that account took place in Feb 2014...if you had viewed that same myfxbook on 1 March 2014, it would have shown exactly +5.4% average, but every day after that the average will reduce due to the mentioned glitch, even though the account has not updated for over a year as it is closed.

Mfb's calculation is correct for CURRENT ACTIVELY TRADED ACCOUNT, but Not for old inactive accounts. Like it or not, ITS FACT. And mathematically impossible to prove otherwise. Your incompetence or denial has Zero statistical significance. Good luck in your quest.

alexforex007 posted:
30% in 30 minutes? What type of trading was it? overtrading, overleveraged? overexposed?

I wouldn't pay much attention to 'guru's' reply. IF he actually knew how to generate profits in this market he would. As you can imagine after trading like this for over a decade we actually know what we are doing. Did our previous post stating our 4x risk / leverage (aka HL VIP), clear this up? Here is an extract from that post:

We have 2 SEPARATE OFFERINGS WITH DIFFERENT RISK PROFILES as can be seen by the account names on our Mfb. 'VIP' vs 'HL VIP':

1. 'VIP' = 'normal leverage' VIP trading: for LARGER DEPOSITS...as stated on our profile, the minimum is $30k to $500k depending on broker. Of course this is 'normal' leverage and our maximum historical DD in 6 YEARS for this was about -12% to -20%, but most don't experience more than 5% DD.

2. 'HL VIP' = 'high leverage' VIP: primarily for SMALLER DEPOSITS and/or select 'small' brokers, but its usually $5k to $30k deposit sizes. As the name states, this is HIGH leverage risk trading! We trade these accounts with anything up to 4x the normal leverage. Therefore of course 30% DD is well within the expected. For this HL solution, Clients are instructed to deposit only profits or funds they can genuinely afford to lose! Reasons why we offer this have already been stated.

topforexbrokers posted:
5% on low investments can achievable by best forex managers but on big investments its a different thing

Please clarify how much is a 'big investment'? and are you a 'big investor or trader' and therefore can substantiate the difference you stated? Depending on which liquidity providers are used, larger orders are usually filled more efficiently.

For some $30k is big, for some it is $ millions...everyone is different. We have Clients from both of those categories. Some years ago our PAMM accounts were $1millon; however we mostly direct these large accounts to institutional solutions, which are non-Mfb compatible. That said, some of our clients and ourselves recently even had up to $1million at some retail brokers that you are familiar with. Now if anyone thinks that they cannot live off of the income generated from such large accounts (or within reason, smaller deposits), they have already achieved financial freedom or are living a celebrity lifestyle.

interessting thread subject...
-(25)dd, isnt important, because it means 'if' closing orders which are in 'negative' profit, but there are serveral systems/technics out they survive such situations, remember dd is if! and not realized loss!
-25dd is only relevant if you trade a basket system, a single pair cant go 25dd, if so, the system is for the bucket.
-if >25dd happens overall pairs, system security lines are useless or unused.

-hard hedge systems cant go over 25dd, only with mfb, because their calculations is in generally wrong if a system hedges nearly 1:1 (which is useless), also mfb sum +orders and -order separate on daily, there is no correlation pair:pair and pair:basket and times (w,m,y).
-if you trade the trend and market reverses, open an 50-75% hedge position, 25dd never occours on a single pair.

maybe mfb have changed their calculation in the past, so i can be wrong

do your own math!

my2c

%5 monthly is easy to get even on big amounts , as trading safety on big investments is our specialty its our team specialty

IXBONE posted:
interessting thread subject...
-25dd is only relevant if you trade a basket system, a single pair cant go 25dd, if so, the system is for the bucket.

@IXBONE

I agree. ForexManagerDBA's strategy can easily result in -30% loss, so his system is FOR THE BUCKET. You are right.

If it had happened once, it can can happen again.

Of course my friend's losing account - together with the other dozens of losing accounts - ARE NOT displayed by ForexManagerDBA, so the accounts he displays 'proudly' are CHERRY-PICKED.

** NOT showing losing account does qualify for 'cherry-picking'. **

Since ForexManagerDBA hides losing accounts, WHATEVER HE STATES HAS NO CREDIBILITY WHATSOEVER.
____________________________________________________________

The only reason he might be able to show ONE constantly profitable account is because he probably FRONTRUNS his clients' trades.

Naturally, his PERSONAL account will be ALWAYS profitable by FRONTRUNNING his clients' accounts which - by their sheer volume - will move the market by a few pips (even if for just a few seconds)...