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Managed Accounts

vijayinvites (vijayinvites)
Sep 25 2013 at 10:26
106 posts
takechance posted:
2802 pips in less than 4 months with only 2.9% max drawdown in equity.

Unrealized P/L always positive throughout the 4 months (which means no holding onto losing positions expecting for a turnaround, typically nature of novice amateurs).

No automation or blind dependence on Robot. All the trades discritionary and manually traded.

Check out here.

https://www.myfxbook.com/members/takechance/heiken-ashi/604998

Cheers and happy trading.


You talk about per month take away in piips but the DD you talk in % of the equity. It doesnt matter how many pips you make, how much you earn per month and how much risk you took are the only two things that matter to investors. Ofcourse the time the account has been trading.

takechance (takechance)
Sep 25 2013 at 10:29
271 posts
vijayinvites posted:
takechance posted:
2802 pips in less than 4 months with only 2.9% max drawdown in equity.

Unrealized P/L always positive throughout the 4 months (which means no holding onto losing positions expecting for a turnaround, typically nature of novice amateurs).

No automation or blind dependence on Robot. All the trades discritionary and manually traded.

Check out here.

https://www.myfxbook.com/members/takechance/heiken-ashi/604998

Cheers and happy trading.




You talk about per month take away in piips but the DD you talk in % of the equity. It doesnt matter how many pips you make, how much you earn per month and how much risk you took are the only two things that matter to investors. Ofcourse the time the account has been trading.


you have no idea what you are talking about. :)

forexjosa
Sep 26 2013 at 16:49
2 posts
Anmaric_LTD posted:
We are working on it hard


Too bad you use a broker with no reliable regulation and reputation (FCA/FSA) ...

IncomeGenerator
Dec 02 2013 at 07:50
3 posts
Low risk PAMM that generates moderate monthly returns https://www.myfxbook.com/members/IncomeGenerator/income-generator-pamm/676524

Trading should be low risk to high reward not high risk to low reward
Forexboys.com
forexboysdotcom
Dec 02 2013 at 21:35
23 posts
i request you not to expect 30 percent monthly returns. that is too risky. on my experience, 50 to 100 percent a year is always safe and best

mikeb123
Nov 10 2014 at 07:36
2 posts
Hi - After a severe kicking on the market I've decided that trading directly is not for me and its better to find someone to do it on my behalf.

I have gone through this thread, 54 pages, and its depressing to see how many of the people putting themselves forward as money managers have over the year taken catastrophic losses or have simply disappeared off the radar. They seemed credible at the time and that makes me fearful about trusting my money to anyone else... But, I have to face as a trader I am a hit and miss amateur and my money needs a professional. I have a full time job and family so spending the time to actually learn and trade to a required level is not really a realistic option.

May I ask for some advice...

1. Managed accounts - I figure minimum of a year's trading history...broker FCA regulated....Anything else I should be looking at? To be honest id be perfectly happy with an 8% monthly return. I've seen performance rates as low as 20% and as high as 50%. What is reasonable?

Can anyone give a recommendation for a service that you are using?

2. If you had an investment pot of say £30k would you split it into different managed accounts to spread the risk?

3. I have largely discounted copying signals or using robots. Am at work so can't really monitor the trading. Am I wrong? Is this the way to go?

Your comments or advice would be much appreciated.




Rihan
RSTrading
Nov 11 2014 at 07:53
385 posts
mikeb123 posted:

May I ask for some advice...

1. Managed accounts - I figure minimum of a year's trading history...broker FCA regulated....Anything else I should be looking at? To be honest id be perfectly happy with an 8% monthly return. I've seen performance rates as low as 20% and as high as 50%. What is reasonable?

Can anyone give a recommendation for a service that you are using?

2. If you had an investment pot of say £30k would you split it into different managed accounts to spread the risk?

3. I have largely discounted copying signals or using robots. Am at work so can't really monitor the trading. Am I wrong? Is this the way to go?

Your comments or advice would be much appreciated.



Hi mikeb123,

My broker wanted to see 6 months profitable trading before I could become a 'leader'. I know myfxbook's autotrade also has strict rules to become a signal provider, a lot get past the minimum requirements and a few months down the line their trading goes haywire.

But to answer your questions.

1. I am of the opinion that if someone can show me a track record of 2 years +, it will show me their strategy really works. Personally I wouldn't go for less.

2. Like the saying goes.. Don't put all your eggs in one basket. I would split it, maybe invest it in 5.

3. Using robots means you have to bother about renting a vps and need to check up on it now and again. Using a trade copier/signal provider you don't need to run an mt4 terminal 24/7.

Just my 2c.

Hendra Lau
hlau
Nov 11 2014 at 11:02
23 posts
mikeb123 posted:
Hi - After a severe kicking on the market I've decided that trading directly is not for me and its better to find someone to do it on my behalf.

I have gone through this thread, 54 pages, and its depressing to see how many of the people putting themselves forward as money managers have over the year taken catastrophic losses or have simply disappeared off the radar. They seemed credible at the time and that makes me fearful about trusting my money to anyone else... But, I have to face as a trader I am a hit and miss amateur and my money needs a professional. I have a full time job and family so spending the time to actually learn and trade to a required level is not really a realistic option.

May I ask for some advice...

1. Managed accounts - I figure minimum of a year's trading history...broker FCA regulated....Anything else I should be looking at? To be honest id be perfectly happy with an 8% monthly return. I've seen performance rates as low as 20% and as high as 50%. What is reasonable?

Can anyone give a recommendation for a service that you are using?

2. If you had an investment pot of say £30k would you split it into different managed accounts to spread the risk?

3. I have largely discounted copying signals or using robots. Am at work so can't really monitor the trading. Am I wrong? Is this the way to go?

Your comments or advice would be much appreciated.



1. There are many things you should look at, not just 1 year trading history. For example: Is it demo / real account? Is the track record verified? (to avoid data tampering). Is the trading privileges verified? (to avoid giving your money to someone who posts someone else's fund because he knows the investor password). Is it using a custom date? (some funds show great return until you adjust the date). Is the broker credible and well known? (I've read some small brokers alter data from their server). Does the manager hold losses all the time? (I've seen 2 years exceptionally great fund but one can easily glance if the manager has risk management or not by looking at the equity growth - the yellow line in the chart vs the equity (the red line in the chart). Many people trade without stop loss and hold losers using hope & pray strategy if price goes against them until one day they get margin call. A 2 year profitable fund is useless unless it has good risk management.

Return wise, in the investment world, if you have lots of money and big hedge fund manager, a 20% return per year consistently earns you a status of a superstar. Of course, if the capital is smaller, a more aggressive strategy can be employed that gives a higher return. With with higher returns comes higher risk.

2. I would manage it myself because I can do it :)

3. Robots do not work. Market is too dynamic to be automated and at best, robots give a break even performance in the long run. Use a real professional trader.



Adamsukfx
Nov 11 2014 at 16:10
3 posts
Finding a solid trading strategy in all senses of the word is certainly not easy. The best way in my opinion is to diversify with managed solutions that enable you to invest in different risk profiles and not only 1. I think there are some companies doing this in retail asset management but minimum clients are usually expected to come with serious investment. Other companies such as tradegeniusgroup.com act as introducers and affiliates to official managed account groups. In addition you have myfxbook and also other blogs like darwinex giving trade solutions. Good luck.


12264 posted:
Good Afternoon All, (AU)

I've been looking into inventing my money into a PAMM account/Managed fund although I'm struggling to find
a reasonable rate of return (monthly) having figures of 30% plus which for me is just to to much risk and
 does not seem realistic in my opinion. If someone could point me in the right direction or even recommend a managed
 fund you use and what returns you are seeing.

Thankyou.
Geoffrey Reynolds.

mikeb123
Nov 12 2014 at 07:32
2 posts
Many thanks for the replies which I found very helpful

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