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Managed Accounts

pt49
Apr 11 2013 at 04:54
221 posts
12264 posted:
@pt49
Those requirements I set should almost be by Default what a Managed fund should have. As this is a online forum where anyone can post as you have seen there are some extremely amateur people trying to trick, confuse and do anything to take your money. I am not trying to stress anyone Managed fund group/sole just trying to find something I can benefit from and intern they will greatly benefit from me.
 I do see where you are coming from Pt49 I do, but this is trading, this is a stressful job by nature for the client and Fund.

As for the argument well why don't you just learn it and trade yourself. I would love to!! But fortunately I work full-time and cannot fully commit my self to FX or trading in-general (I always have a keen eye looking for company's taking on Trainees/Interns, the dream haha).

Ps.
I was having a joke when I said my thread got Hijacked.

My comment on requirements to be a manager were aimed towards Wlk1 rather than yourself, but point taken.

I agree that a lot of investors just don't have the time to learn trading, and thsat's why they search out managers/hedge funds etc.

You are stepping into a minefield in searching publically for a manager, as you well know. Unfortunately a lot of naive gullible investors trust anyone that spins a rosy picture, anf these investors are bound to pay expensive due's in their accululation of experience in this game.

Wait for the trade to come to you... be patient.
wlk1
Apr 11 2013 at 07:24
69 posts
pt49 posted:
A client should have parameters he likes to see a fund manager roughly adhere to, however, they should not be cast iron, died in wool absolutes... to do so would definately put the manager under unnecessary stress, leading to mistakes most likely.

In my experience a trader does best when he has zero (or near to it) emotional involvement in his trading. Placing STRICT limits on the trader DOES increase the traders emotional involvement.

Trade parameters should be a 2 way street between the client and manager (trader).


If I were looking for a managed fund, and that is a big IF, the manger would already have to be doing that, and not just now trying to conform to my requirements If that were the case, there would be no additional stress :)

I don't quite agree that trade parameters should be a 2 way street either. I wouldn't want my manager to be adjusting parameters to suit each and every client either. It would either
1. cause too many changes to an already winning formula,
2. give the manager too many parameters to think about, possibly leading to human error

But thats just my $0.02. To each their own.

The market will go up, failing which, it will go down.
aragornsystem
Apr 11 2013 at 08:32
61 posts
Low risk settings dd of 15% for $1000 account balance ROI of 25%-150%+ per month https://www.myfxbook.com/members/aragornsystem/bow-aragorn-system/483681 PM me if you are interested. Since February 12 I have adjusted my EA risk settings to conservative so you can see that it even doubled the balance and has been consistent gaining profits everytime. Kindly contact me for more details if you are interested to duplicate your earnings. Account balance can be at least $500. 😄

BellaVista507
Apr 12 2013 at 21:22
251 posts
Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.

forexedge
Apr 12 2013 at 22:26
54 posts
BellaVista507 posted:
 Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.


I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.

There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.

BellaVista507
Apr 12 2013 at 23:27
251 posts
forexedge posted:
BellaVista507 posted:
 Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.


I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.

There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.


  You are correct. Yet, I am referring to scalpers. As if you can scalp and have less then 10 pip draw down. Then your truly on to something. In the world we live in, it is rather reckless to INVEST. One day up 300 pips, next day down 800 pips in 4 hours. I think if your looking for an account to manage your positions. Please make sure the person is scalping. As that is truly profitable way in forex. Everything else is meerly CHANCE!

pt49
Apr 13 2013 at 01:14
221 posts
BellaVista507 posted:
forexedge posted:
BellaVista507 posted:
 Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.
Don't agree.


I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.

There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.


Correct

  You are correct. Yet, I am referring to scalpers. As if you can scalp and have less then 10 pip draw down. Then your truly on to something. In the world we live in, it is rather reckless to INVEST. One day up 300 pips, next day down 800 pips in 4 hours. I think if your looking for an account to manage your positions. Please make sure the person is scalping. As that is truly profitable way in forex. Everything else is meerly CHANCE!

Traders use all sorts of ways to measure degrees of success or failure, however there is only one true measurement that covers all bases, % of account balance and/or equity. Pip number is totally irrelevant because it depends on the amount of equity risked on entering the trade. Stops need to be factored in too, because a trader using no stops is risking 100% of his account, regardless of no of pips or amount invested in the trade.

So, the ONLY thing to look at really is % of account at risk.

Wait for the trade to come to you... be patient.
minutemanmissile
Apr 13 2013 at 10:39
29 posts
Tell me why MyFxbook.com drawdown stats in the left is different when you check the tab 'drawdown' in the right corner?

BellaVista507
Apr 13 2013 at 12:35
251 posts
The drawdown on the left is the %... The drawdown on the right is the pips drawdown per trade :p Two totally different things :)

forexedge
Apr 13 2013 at 13:55
54 posts
pt49 posted:
BellaVista507 posted:
forexedge posted:
BellaVista507 posted:
 Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.
Don't agree.


I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.

There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.


Correct

  You are correct. Yet, I am referring to scalpers. As if you can scalp and have less then 10 pip draw down. Then your truly on to something. In the world we live in, it is rather reckless to INVEST. One day up 300 pips, next day down 800 pips in 4 hours. I think if your looking for an account to manage your positions. Please make sure the person is scalping. As that is truly profitable way in forex. Everything else is meerly CHANCE!

Traders use all sorts of ways to measure degrees of success or failure, however there is only one true measurement that covers all bases, % of account balance and/or equity. Pip number is totally irrelevant because it depends on the amount of equity risked on entering the trade. Stops need to be factored in too, because a trader using no stops is risking 100% of his account, regardless of no of pips or amount invested in the trade.

So, the ONLY thing to look at really is % of account at risk.


You are right man.

Let me tell you. Scalpers is not the only way forward. All they do is give money back to the market. The amount of round turns they make, they are giving more profit to the broker than themselves. Fact.

Imagine, you make 300 lots per day on average to only make end of month around 4% and then when you look at what the brokers have made. they made around 4% profit too from commissions, then you know something is wrong.


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