Petra Conservative Diskussion

Thank you for stopping by at PetraFX managed forex systems!

We are traders first and are fully committed to producing the best trading results on a trading account. We have begun offering managed accounts since 2008 and are currently managing 2 live portfolios. You can track and monitor our performance at https://www.myfxbook.com/members/PetraFx .

These show data from our real accounts, so what you see is what you get.

Account 1 is currently performing with daily profits at a compounding rate of around 0.63%, and Max Draw Down (DD) around 2.0%. Profits factor =1.50

Account 2 has daily profits compounding around 1%, Max DD around 2.47%, and profits factor is 1.97. Account 2 is trading at a larger lot size per account than account 1 - This means account 2 has a higher risk profile than account 1.

Clients of PetraFX managed account program invest in their own account with FXCM UK/ATC, and our trades are mapped to your account. We charge a certain set of percent performance fees based on the “high water mark” principle.

Our Trading Style
No Grid style of trading:, Most our trades are closed within an average of 40 minutes, so there is no floating DD on four of our systems which lasts more than 1 hour. Our 5th system trades on a daily timeframe, having positions which last for several days according using our swing position trade strategy.

No Martingale money style of trading:
We are consistently growing funds around 0.65% per day for account 1, and control the total MAX DD to lie below 2.5% during the entire trading period. We strive to eliminate surprises of “sudden ups and downs” in the market.

Our systems continuously adapt to the market condition: To put it simply, we have coded, and will continue coding our trading experience into the systems. This flavour and philosophy of trading is not commercially available on other market places.

As the saying goes – think like a computer and you will soon be replaced by one. Although we have 5 systems running on the accounts, we will not fully leave things in the hands of software. Two full time traders, each with more than 10 years trading experience, babysit the systems around the clock and interfere should unforeseen situations arise. So, from time to time, we do step in and replace the computer.

The traders’ suggestions and observations form the basis on how we improve the system. Suggestions are coded and thereafter rigorously verified against past 10 years data. In doing so, our systems are adapted while evolving into better and safer handling of market conditions.

In summary, you can say that our work style collects and recycles our collective trading experience. We believe this to be a winning strategy as the net sum will become larger than that of any individual.

OUR LIVE TRACK RECORD CAN BE FOUND ON
https://www.myfxbook.com/members/PetraFx

WE INVITE YOU TO BUILD YOUR WEALTH WITH PETRAFX TODAY. DO CONTACT US VIA ANY OF THE BELOW CHANNELS
Skype: PetraFx ~ MSN: [email protected] ~ Email: [email protected]

PETRAFX
Building People Building Trust Building Wealth
Website: PetraFx.com
Facebook: https://bit.ly/7x5hhR

Hello PetraFX

the sytem looks very interesting indeed. I will follow it and see how it performs once a longer track record is available. I looked at your website, but I do not see any performance records going back to 2008. Do you have any records from those dates?

Also your web domain has been in existence since 2006-06-25. What has your business been doing between June 2006 and 2008 when you began managing accounts?

Regards

Hi Krazykow

Thank you for your interest.

We have been managing private clients funds individually since 2008 and have only moved them to a block account at the beginning of this year. This is why we are able to gather $90k in our block within a short period without any publicity.

You are welcomed to track our performance for as long as you need. We are however now giving away 15 trade days performance tax free to our new signups, we're not sure when we will take this out though. At the rate it is going, your account could be anything 5% to 10% even before we start imposing the watermark.

I have absolutely no idea how the web domain came into existence since 2006! We have registered with our domain last year as far as I know!

please note that admin@petra is on leave till 20 Feb 2010. Will resume updating after this date.

There is a discrepancy in the reporting of DD in this stat page. We have contacted MyFxbook to help in rectifying this problem so as to show the correct figures to visitors and subscribers.

Thank you

What can we say about the response speed about MyFxbook support.
They have fixed the problem for us almost instantly and what you see now is correct.

2 thumbs up to you guys at MyFxbook!

Performance has been quite flat lately. What has happened PetraFX?

Thanks for keeping track. Sorry we missed your post from 1 week ago. We had a flat month from mid Feb to early Mar. Before then we had rather high dependency on our scalping strategy. There were some rate decisions that occurred during that period which made it uneasy for us to carry out our scalping.

We had reduced our dependency on this strategy by almost 50% and increased our swing play. You can note the significant improvement since mid March.

Please also follow us on Facebook: https://www.facebook.com/group.php?gid=259162488076&ref=ts

Weekly performance (17 to 24 Apr) for Petra Conservative portfolio.
Weekly gain = 8.28%
Overall gain = +40.22% since 15 Jan 2010

<a href='' target='_blank'><img src=''/></a>

DO you trade like PAMM account or do u trade individually
and may i know this deposit is in cents or dollars
How did you accumilated 140008 dollars or Cents ,what is your leverage level
How are you expecting us to give our money without showing your open trades and closed trades
there are some managed account fellas around here ,they always say they have got 10 year trading experince
even without having proper experince of money management when account is in draw down they open 100 positions in 3k account and say thay are monitoring account ,no broker allows such positions especilly with leverage

Typically on 3k account waht are your starting lots ?

No broker allows leverage of 100 on 140008 account ,that is basic mistake u try to deceive your customers
it must be cents account ,am i correct
dear fellow traders pls check with FXCM or ATC ,DUKASCOPE
thay dont allow 100 levrage on more than 100k accounts

We believe in the use of MyFxbook as a cordial platform in discussing and showing our trading systems. We regret the choice of word 'deceive' used by Kishorejoga before we have any opportunity to post a follow up.

Since Kishorejoga has mentioned ATC/FXCM, and they are our brokers. We have long given them explicit permission to verify with interested clients that the Petra Block accounts are real and deposits are made in dollars. Instead of us having to write here to prove our accounts, clients may write to [email protected] to enquire on our authenticity.

PetraFX prides ourselves in giving honest and factual reports to our clients and prospects. Thank you for your interest.

PetraFx posted:
    We believe in the use of MyFxbook as a cordial platform in discussing and showing our trading systems. We regret the choice of word 'deceive' used by Kishorejoga before we have any opportunity to post a follow up.

Since Kishorejoga has mentioned ATC/FXCM, and they are our brokers. We have long given them explicit permission to verify with interested clients that the Petra Block accounts are real and deposits are made in dollars. Instead of us having to write here to prove our accounts, clients may write to [email protected] to enquire on our authenticity.

PetraFX prides ourselves in giving honest and factual reports to our clients and prospects. Thank you for your interest.

HI
If you are so confident why do you want to hide your history
Every one want to see your history trades and and style of trading
atc brokers doesnt reveal other peoples account details to 3rd person if you are confident and if u say
my fx book as a plat form like cinematic dialogues pls show us ur stats and history
u cant hide ur history and say u want to use my fxbook as platform to attract customers
thanks

HI
one more thing u havnt answered ur trading style do want to pool all oney in one account like PAMM
or i have asked how many open positions in 3K account
waht kind of maximum lots u want open in 3K account

Hi kishorejoga, I am a PetraFX customer and i can tell you that this is a dollars account. I have just received my USD$ April profits from FXCM. 😱

Hi Kishore

As we have stated here, this is an open invitation to you to write to ATC brokers to verify the authencity of our accounts. Of course they as brokers will not reveal client's details, but will advise you if Petra accounts are real and if it is a dollar account.

We also stated in our above reply that Petra operates in block accounts with ATC. More information about Block accts can be found here https://www.atcbrokers.com/futures/tradingservices/blockaccounttrading.php

Confidence and history is not linked. Confidence in our system can always be dictated by verifying the track record in ATC (ours is always updated). Also, we do not claim to have a 100% winning system, losses are also declared along with profits (see https://www.petrafx.com/?page_id=165)
 
The fact is, we do have customers, you can also view their comments under our Facebook Group at https://www.facebook.com/group.php?gid=259162488076&ref=ts

Naturally, for confidential reasons we are not allowed to reveal them here. In the same way, our trade history is private simply because we are not comfortable in showing it as it may reveal our proprietary trading style – as opposed to confidence.

We invite you as well as prospective clients to email us at [email protected] or skype: PetraFX for more discussion.

Thank you Guo An for posting your testamonial.

We believe in maintaining honesty and integrity in our business. Guo An has given us permission to show the staff and administrator of MyFxBook proof that he is indeed a client of PetraFx.

We are not sure if it is within the policy of MyFxBook to help us verify this information like what Forex Peace Army review does. If they do, it will certainly help enhance the integrity of this discussion and our reputation.

guo_an posted:
    Hi kishorejoga, I am a PetraFX customer and i can tell you that this is a dollars account. I have just received my USD$ April profits from FXCM. 😱

Hi guo_an
If u say it is genuine account could u please ur account in my fx book stats pls
Petra could you pls tell me do u pool money to trade in account like PAMM or do u trade on individual accounts
what kind of lots u trade on 3k accounts
because most of the managed account persons trade big lots on their customers account with greed .
This has happened to me once thay say we dont risk more than 3 percent of accountin single trade not more than 20 percent
overall in all trade.but he has blown my account with 40 open trades
THAT IS THE reason why it is alway better to see history and check what sort of LOTS ut trading
U may be trading martingale strategy who knows ?
By hiding history r u hiding some thing

Nothing needs to be done by Guo An. We have already sent proof that he is a client to MyFxbook and we will be grateful if they could verify our statement.

This is going no where as you seemed more interested to proof your point rather than doing as we suggest here - write ATC, email/skype us, reading the link about Block accounts that we posted. All trades are executed using the master block account, and it will automatically allocate each contract to the designated account.

To prevent this from escalating further, PetraFX is not going to post further comments with regard to the authenticity of our accounts and the reasons for not publishing our history. We have made our reasons clear and readers can read the above posts to decide for themselves.
 
We realise that in this world, some people take actions and there are some who spend their lives thinking 'What would have been if...' During the course of the exchanges, we already have people enquiring about our systems and signed up for account opening for a managed account with PetraFX.
 
We also understand that there are some people who would like to have the last word to 'think' that they proved a point, we are happy to accord Kishore this privilege and wish him well.
 
Nevertheless, we would be most happy to entertain other enquiries not clarified before.