Manta Ray (By gcardo)

The user has deleted this system.

Manta Ray Discussion

Jan 12, 2012 at 01:07
711 Views
7 Replies
Member Since Nov 10, 2010   25 posts
Jan 17, 2012 at 12:46
I am interested in your system kindly email me with your conditions. [email protected]
be clear at heart things will work for you
Member Since Jan 12, 2012   11 posts
Jan 17, 2012 at 14:47
Dear Sir,

Thank you for your interest in our product.
Please visit our website (www.ningalooinvest.com.br) to get more information.
We are also on tweeter @ningalooinvest


Best Regards,

Gustavo
Patience + Discipline - Greed = Success
Member Since Nov 21, 2011   29 posts
Jan 20, 2012 at 23:33
Hi Ningloo,

very intereting trades, but I need to see lots in your trade history at least, to make decision whether to invest, I will need to see balances, profit figures, I also need to know what is behind 7% profit drop on 19 Jan, the risk management seems to be not in place, could you explain more about your risk management strategy please.

Best regards
Alan
Member Since Oct 18, 2011   13 posts
Jan 21, 2012 at 12:47

   huang_a posted:
   Hi Ningloo,

very intereting trades, but I need to see lots in your trade history at least, to make decision whether to invest, I will need to see balances, profit figures, I also need to know what is behind 7% profit drop on 19 Jan, the risk management seems to be not in place, could you explain more about your risk management strategy please.

Best regards
Alan

I agree with Alan. Details for making decision.
Member Since Jan 12, 2012   11 posts
Jan 21, 2012 at 14:28 (edited Jan 21, 2012 at 14:33)
Hi Alan,

Thank you for your interest in our strategies.
Please take a look at our website (www.ningalooinvest.com) to check our strategies and their risk/return targets. We have four different strategies under a single process of investments. Leverage is the difference between them.

As of your question about a 9,32% equity growth drawdown on 19 Jan, it is within this strategy drawdown limit, which is 10%. Please take a look at our products comparison table (https://www.myfxbook.com/compare-systems/Turtle-vs-Manta-Ray-vs-White-Shark/228918,221880,227455)

Risk Management is in place. I work as a risk management for more then 10 years and I know that I need to use my risk limits to get results. As you might see, our strategy has 90% profitability. It means that at the 10% lost you might see a 10% drawdown.

What happens on 19 Jan was that I didn't stop at the 9,32% drawdown. I mantained all positions (I was short on EURUSD when the IMF announced that it was seeking up to $500 billion in additional lending resources (https://topics.nytimes.com/top/reference/timestopics/organizations/i/international_monetary_fund/index.html)).
On 20 Jan, EURUSD have a great swing from 1,2980 to 1,289 and them back to 1,295 so we took profit from our trades (we gained 520 pips this day).


As you might see, we have roughly 1900 pips gain in 10 days (190 pips per day on average). It means that we don't hold positions for so long. Our Avg. Trade Length is 8 hours.

Best,

Gustavo

Patience + Discipline - Greed = Success
Member Since Nov 21, 2011   29 posts
Jan 22, 2012 at 11:02
Thank you Gustavo, As mentioned in my previous message, I need to see lots sizes in your trade history as minimum, I also need to find out the account size because for small account, it may do well, as account size grows, you will find it hard to sell /buy, so I need to know what is the current size of your account, why don't you release all information? is there something sensitive to the public, if so, you can send me a private link so I can have a look, that will help me make investment decisions.

Regards
Alan
Member Since Jan 12, 2012   11 posts
Jan 22, 2012 at 13:49
Hi Alan.

It will be a pleasure to have you as an investor.
I would like to inform that we don't have any kind of problem dealing with large accounts. This strategy is not a scalp strategy. Our Avg. trade lenght is 8 hours so we have plenty of time to execute our trades. Please take a look at the volume per ticket traded in majors (https://www.dukascopy.com/). On average, EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and USDCHF trades 300mio per ticket price. This is more than enough to liquidate all positions we have.

I would also like to inform you that lots size and account size are private (the only information that remains private to investors are open positions, otherwise it would be easy to replicate the strategy).

Best Regards,
Gustavo
Patience + Discipline - Greed = Success
Member Since Nov 21, 2011   29 posts
Jan 25, 2012 at 07:27
I was right, history of lots are hidden, must be martingale, same story, sad
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