Master Trading Account (By managedfxprofit)

The user has deleted this system.

Master Trading Account Discussion

Aug 22, 2010 at 23:25
3,769 Views
48 Replies
Member Since Aug 22, 2010   19 posts
Oct 02, 2010 at 21:29 (edited Oct 02, 2010 at 21:40)
We trade 3 currency pairs mainly: EURUSD, GBPUSD, USDCHF. We offer money management based on this strategy. Our performance fee is 30% of profits. For more information visit our website. https://managedforexprofit.com
Member Since Feb 16, 2010   1332 posts
Oct 02, 2010 at 22:21
Your system is same as this: https://www.myfxbook.com/members/MQLHome/tortoise-21/31271

RR 1:1 + Martingale
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Aug 22, 2010   19 posts
Oct 02, 2010 at 23:52
The link you put have only EURUSD trades we trade 3 currency pairs: EURUSD, USDCHF, GBPUSD
Member Since Feb 16, 2010   1332 posts
Oct 03, 2010 at 06:54

managedfxprofit posted:
    The link you put have only EURUSD trades we trade 3 currency pairs: EURUSD, USDCHF, GBPUSD

So your system is 3 times as dangerous as the system I showed. If all 3 pairs(which of course would be very unusual but possible) go into deep martingale cycle what do we do - pray? It's dangerous enough with 1 pair only. Do you have max cycle it could enter setting?

It would be nice to show some few months real account because we all know that risking other people's money is much easier. And this is 1 month demo account, not very convincing, right?
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Aug 22, 2010   19 posts
Oct 03, 2010 at 07:10
There are other differences as well, checkout the average profit/loss per trade, ours is 55pips the other link you mentioned is 29 pips.

Not all martingale systems are the same. This one does not add positions on other loosing positions, only if the others are closed at a loss do we use martingale.

We have started on the date we published the results and this is all the data that we have, we don't have to lie about it or pretend that we have been trading this system for 20 years. You can watch us for six months and then decide if you are interested in our services.
Member Since Feb 16, 2010   1332 posts
Oct 03, 2010 at 07:37
If you look deeper into that system you will realise it's the same idea. What matters is the RR(not the average profit&loss/trade in pips) which there and here is 1:1. They don't add to losing trades as well, only double the lots after loss.
It's nice that you admit this is the start for this system but offering managed account after only 1 month of demo trading is a bit disrespectful for your potential investors. You will gain people's trust much faster and easier if you show you trust your own system by trading your own money. BTW I like this type of martingale system but it should better be traded with lower risk probably starting the cycle from micro lots which will be of course less profitable but much safer and stable. The way you trade it with mini lots on 10k account you're gonna have big problems sooner or later.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Aug 22, 2010   19 posts
Oct 05, 2010 at 15:12
We have nothing to hide, this is the system we are trading. If anyone would like to have a backtest of this system for longer time frame we can do that.

This is a steady and profitable system, with maximum historical drawdown 20% so far on live trading.
Member Since Feb 16, 2010   1332 posts
Oct 05, 2010 at 15:21 (edited Oct 05, 2010 at 15:22)
You have nothing to hide but you have much to show.
Advertising managed account services through demo account is nothing more than ridiculous. Show some respect to the future investors. You want real money investments and all you can give is ~40 days demo results, wake up.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Aug 22, 2010   19 posts
Oct 07, 2010 at 11:43
Well some investors appreciate our system, and your comments are encouraging them to check us out.......

Keep it up......you are giving us good advertising. 😄
Member Since Aug 22, 2010   19 posts
Nov 21, 2010 at 17:33
3 months of consistent results, averaging 18% per month with the worst drawdwon 20% that was recovered in less than 1 week.

We continue to offer managed accounts with capital guaranteed option for 50% profit share, or non capital guaranteed option for 30% profit share paid monthly.
Member Since Jul 29, 2010   53 posts
Nov 21, 2010 at 18:27 (edited Nov 21, 2010 at 18:28)
Do you trade your own money because this is obviously a demo account? Why you don't you learn that the biggest attestation for managed account services is a real money account. It's very easy to risk other people's money.
Until you show some real account your offer is ridiculous.
I need your money to buy more drinks and women. Secure investment.
Member Since Feb 06, 2010   8 posts
Nov 22, 2010 at 09:46
what broker are you using on live managed account?
Member Since Aug 22, 2010   19 posts
Nov 23, 2010 at 13:12
We can show you real accounts that we trade by our system, if you are interested you can send your request to [email protected].

We trade this system on various brokers: FXCM, FXPRO, and several others. This system will work on any MT4 broker.
Member Since Aug 22, 2010   19 posts
Nov 27, 2010 at 13:20
We have successfully completed 3 months with an average profit of 21% per month, with capital guarantee.
Elkart
forex_trader_7
Member Since Aug 01, 2009   941 posts
Nov 28, 2010 at 05:58
Capital guarantee?

Opening yourself up for all kinds of liabilities. Read the disclaimer on the bottom of the fxbook page. All fx sites have that. Not having it means if you lose even one cent of my capital I will hold you responsible for loss of my capital, and all my future income (and my children's) I could have generated from that capital that you guaranteed.

Might just as well skip the process and give me all your money now, unless of course you're not legit. I find it difficult to believe that anybody who has aspirations to being a serious MM would make a claim like that.

In most countries just making such a claim is illegal.
Member Since Nov 18, 2009   735 posts
Nov 28, 2010 at 08:51
Hmmm ... capital guarantee. That sounds good. And 3 months of success. Sounds even better.

Now there's one thing I don't understand - if you're good with money, then you probably have some yourself and know people who have some money too - so why do you have to look for unknown 'investors' on the internet?

I for one think that MyFxbook should somehow separate the 'managers' and the rest of us who are trading without looking for 'investors' - something like the commercial section on ForexFactory?

I'll put it in the suggestions box ...
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Member Since Oct 20, 2010   13 posts
Nov 28, 2010 at 18:15 (edited Nov 28, 2010 at 18:17)
Very nice, same concept as my Forex Rebel Martin.

Using a trend indicator logic to go in, when fail, double up the position on next trade.

<a href='https://www.myfxbook.com/members/RebelMartin/forex-rebel-martin/57720'><img src='https://www.myfxbook.com/widgets/57720/large.jpg'/></a>


UsdJpy : 42/42
EurUsd : 54/54
UsdChf : 42/42
GbpUsd : 76/76

My Setting is just 50/70 for all 4 major pair.

Our Draw Down almost same, only that my Demo on Oct make only 3% while ManagedFxProfit make 24%.

My Martin power is 1.7 instead x 2.0.

The main factor will depend how good the trend indicator work.

Member Since Nov 18, 2009   735 posts
Nov 29, 2010 at 08:39
Hmm, Martin? As in martingale? Yeah, very nice results.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Member Since Aug 22, 2010   19 posts
Nov 30, 2010 at 17:28
Consistency is the most important thing in trading..............and we are proving here that it is very possible. Just some calculations for those who don't know the importance of 20% per month.

In 1 year $1000 at 20% per month becomes $8916. thats 890% with compounding.
Member Since Nov 18, 2009   735 posts
Nov 30, 2010 at 17:56
Yeah, 20% a month. If you can guarantee no losing months, that sounds cool.
I've been looking so hard, I've been waiting for so long, for a money manager like you! 😀



Just if you'd put that EA thing on a real account, risking real money ... you know real is real, demo looks good but they can only buy you demo burgers ... 😄

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
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