Petra Conservative Diskussion

stephanusR posted:
    

PetraFx posted:
    Thanks for your interest in our systems.

More of our trading strategies can be found in our Fact Sheet: https://www.petrafx.com/wp-content/uploads/2010/10/PetraFactSheet.pdf

Our trading on Block accounts are geared towards longer term and clients have been briefed on this through our 1 to 1 consultation on Skype or email. Clients with us since the beginning has collected their 2nd tranche of 20% payout.

You have to understand that this is a PAMM account and we cannot control clients' decision to withdraw partial or all of their funds at certain point in time due to their circumstances in life. This would have also contributed to the rise and fall in equity. More so especially after last week, where a few big US clients were demapped from the blocks due to the new US trading regulations.

Withdrawls, deposits shouldn't make any difference to the abs.gain. Your system is now at 56% of equity worse from the 60% level. Would you agree that you don't really know what are doing and doing such with other peoples money?

To those who might be misled by reading the above statement made out of ignorance, please note that when withdrawals and/or new deposits are made it DOES indeed affect the Abs.Gain. Anyone who says otherwise has either not plugged in a real account here on myfxbook or they've not made any withdrawals from their real account that is plugged here in myfxbook.

You can read more here >> https://www.myfxbook.com/help#help_11

Also, to those who are not familiar with how a PAMM works, I would also like to add that a PAMM Manager has no control over client-withdrawals as correctly pointed out by this thread owner and when a client puts in a withdrawal request without prior notice to the PAMM Manager it can indeed result in dire consequences if the Manager has not taken the right safety precautions to protect the entire fund in the PAMM. No matter what... the PAMM Manager cannot say or do anything that would prevent the brokerage from processing the client's withdrawal request. Only the client can cancel his/her withdrawal request within the allowed time-window.

ranesh posted:
    

stephanusR posted:
    

PetraFx posted:
    Thanks for your interest in our systems.

More of our trading strategies can be found in our Fact Sheet: https://www.petrafx.com/wp-content/uploads/2010/10/PetraFactSheet.pdf

Our trading on Block accounts are geared towards longer term and clients have been briefed on this through our 1 to 1 consultation on Skype or email. Clients with us since the beginning has collected their 2nd tranche of 20% payout.

You have to understand that this is a PAMM account and we cannot control clients' decision to withdraw partial or all of their funds at certain point in time due to their circumstances in life. This would have also contributed to the rise and fall in equity. More so especially after last week, where a few big US clients were demapped from the blocks due to the new US trading regulations.

Withdrawls, deposits shouldn't make any difference to the abs.gain. Your system is now at 56% of equity worse from the 60% level. Would you agree that you don't really know what are doing and doing such with other peoples money?

To those who might be misled by reading the above statement made out of ignorance, please note that when withdrawals and/or new deposits are made it DOES indeed affect the Abs.Gain. Anyone who says otherwise has either not plugged in a real account here on myfxbook or they've not made any withdrawals from their real account that is plugged here in myfxbook.

You can read more here >> https://www.myfxbook.com/help#help_11

Also, to those who are not familiar with how a PAMM works, I would also like to add that a PAMM Manager has no control over client-withdrawals as correctly pointed out by this thread owner and when a client puts in a withdrawal request without prior notice to the PAMM Manager it can indeed result in dire consequences if the Manager has not taken the right safety precautions to protect the entire fund in the PAMM. No matter what... the PAMM Manager cannot say or do anything that would prevent the brokerage from processing the client's withdrawal request. Only the client can cancel his/her withdrawal request within the allowed time-window.

Well explained,
I know how PAMM works and it's exactly as ranesh explained above.
No more stupid excuses and explanations from PetraFx.

I did not read carefully what ranesh explained and now realise I got it wrong.
Anyway, my calclulation wasn't wrong. If the system owner decides to close all trades now there will be some miserable profit.
Current system profit is 56.55% but also current equity is 66.14%. 156.55%*66.14%=103.54% which means that after ~10 months the pure profit is 3.54%.

must first declare that I am an acquaintance with Petra, having previously reviewed some of their systems along with others in the past. I am known as Forex Signal Review on facebook. And also must also say that I am posting here on the request of them (PFX). Been busy with my new job and relocation to ROC - so put all my writings on hold atm.

I started an account with them on end September with a 3,000 account. Last friday it was hovering around 3500. Am pretty satisfied. Ok. I guess I took away all the hundred dollars of profit Jim mentioned 😕

Anyone residing in Kaoshiung in Taiwan like to network? Please PM me

fxendoso posted:
    must first declare that I am an acquaintance with Petra, having previously reviewed some of their systems along with others in the past. I am known as Forex Signal Review on facebook. And also must also say that I am posting here on the request of them (PFX). Been busy with my new job and relocation to ROC - so put all my writings on hold atm.

I started an account with them on end September with a 3,000 account. Last friday it was hovering around 3500. Am pretty satisfied. Ok. I guess I took away all the hundred dollars of profit Jim mentioned 😕

Anyone residing in Kaoshiung in Taiwan like to network? Please PM me

Why don't you show us that account. In the same manner I could say they lost me few hundred k. W/o proof words are useless.

Endo, please keep your account in privacy. Appreciate the kind words.

This is an account best reflect Petra performance for it was deposited since start of the block account, since no withdrawals were ever made from this account. It also belong to our trader, a deposit of 22k - we put our own money where we trade. It seems that your interpretation of statistics is out of this world - pray, what does it tell you?

https://twitpic.com/395j1b

https://twitpic.com/395ktz (updated 22 Nov, 2010 - seconds ago)

no problem, its my pleasure. thanks for helping me to upload image, here it goes https://www.screencast.com/t/jyJ74H4vlx

will try to update here regularly but I am really up to my neck recently with my work.

good luck in your dealing with the other guy here.

What about this: https://twitpic.com/3382au
My eyes could not be wrong and they see 41% equity over a 147k balance and only ~$400 WD. This is ~60% floating DD. Come on guys, you can do better than this.

Jim

We don't mean to be impolite here. But either you are grasping at straws or your eyes are really failing you.

You have pointed to the Moderate account instead of the Conservative account in discussion here. What is Moderate account? We have written in our Fact Sheet https://www.petrafx.com/wp-content/uploads/2010/09/PetraFactSheetv1.2.pdf that:

Moderate – This portfolio is made up of Petra traders’ and Petra’s company funds, is closed to the public who are new to PetraFX. All funds are placed under PAMM as well. However, we accept application into this funds when our clients move their profits in excess of 30% from the conservative portfolio. Traded in the same strategies as the Conservative portfolio, however with a higher assumed risk, we target 8 to 15% monthly returns. Annualised target: 80% nett returns

Do you still stand by your claim that overall profits for our pamm runs only into the hundreds?

While you are still trying to find ways to discredit us, here's a update of the statement initially posted https://www.screencast.com/t/37lPIiYU2QZ

I suggest you do the same - spend time on your trading and start earning some real money.
 

PetraFx posted:
Do you still stand by your claim that overall profits for our pamm runs only into the hundreds?

The calculation is very simple:
Deposits: $241962.69
Withdrawals: $165045.63
So net ammount of investment till now is: $241962.69 - $165045.63=$76917.06
Net profit is $41723.84
Net investment + net profit = current balance which is $118640.90
Current equity 71.26%($84544.55) - net investment($76917.06) = $7627.46 profit based on current equity.
Based on today's equity you have roughly 10% profit over ~10 months.
Yesterday's equity was 66.14%*yesterday's balance($118640.90) = $78469.50
So yesterday's equity($78469.50) - the net investment($76917.06) = $1552.43$ profit which represents ~2% growth over the net investment.

And my answer is YES, I still stand by my claim that your PAMM account runs into the hundreds. This is simple math and except being a trader I'm a professional accountant.

I can make another simple calculation for you.
Yesterday's system profit was 56.55%.
Yesterdays balance was: net investment(100%) + system's profit(56.55%) = 156.55%
156.55% * yetserday's equity(66.14%) = 103.54%
So if you were to close all open trades yesterday you would've had 3.54% profit over 10 months of trading.
It's that simple.

https://www.myfxbook.com/members/ecnscammer


Hey PetraFX, I don't know why you spend your time with scammers like Jim Morrison who is hiding behind 'funny' motos and in the fact looks like he is just losser who invest when equity is high and give up when equity goes down.

Can someone behind this page can be serious? :

https://www.myfxbook.com/members/ecnscammer

filipgg posted:
    

https://www.myfxbook.com/members/ecnscammer


Hey PetraFX, I don't know why you spend your time with scammers like Jim Morrison who is hiding behind 'funny' motos and in the fact looks like he is just losser who invest when equity is high and give up when equity goes down.

Can someone behind this page can be serious? :

https://www.myfxbook.com/members/ecnscammer

It doesn't matter who makes the calculations, the question is whether they're right or wrong.
And I'm damn serious. As I said I'm professional accountant.

Jim

I made probably less than 10 posts on different forums in whole my life as I spend time on more constructive things. I see you enjoy doing posts, so I will reply only once. Statement posted by PetraFx is my personal account managed inside Conservative PetraFx Block so I know account grow up from 22K+ to 32K+ with lot of up and down moves. I am sure someone (maybe you as well) entered after up move and give up after down move, But my account is in from day one since Block started without any withdraw and gain is almost 40%.

My statement is published and what can be better proof. Maybe you like to have account number and password to access my account at MyFXCM backoffice?

It's not fair to use PetraFX site to argue between you and me. Feel free to e-mail me or post on your MyFxBook site if you feel you need to argue with me.

filipgg posted:
    I made probably less than 10 posts on different forums in whole my life as I spend time on more constructive things. I see you enjoy doing posts, so I will reply only once. Statement posted by PetraFx is my personal account managed inside Conservative PetraFx Block so I know account grow up from 22K+ to 32K+ with lot of up and down moves. I am sure someone (maybe you as well) entered after up move and give up after down move, But my account is in from day one since Block started without any withdraw and gain is almost 40%.

My statement is published and what can be better proof. Maybe you like to have account number and password to access my account at MyFXCM backoffice?

What I wanna say is that the net profit if they close all trader right now will be ridiculous. Maybe you're just one happy guy who was able to accept 30-40% of floating losses all the time and now enjoy the profit. BUT as you said you could've been on the other side investing right when the down move has began. Please understand that not everybody's prepared to watch their money melt with the speed of ice on 40°C. My calculation is 100% correct and the fact that you're one of the lucky investors doesn't change the overall preformance calculations.
And besides you could not possibly know what I'm working on.

I think something is wrong here with MyFxBook calculations in case of many deposits/withdrawals. As I have my money in from very first day and never withdraw and it's almost 40% up (not closed positions but equity) I can say if all trades are closed now I would have almost 40% gain on account.

So, not even analyze your calculation as I see absolute truth on my account statement.

40% in 10 months maybe not looks much, but 90% of accounts are deleted here on MyFxBook over period of 1 year or guys just stop refreshing it or they run 50 demo accounts and post only 1-2 which are not blown...or,or,or.....

So far I found PetraFx as one of very few here transparently post from day 1, managed all hard periods and made profits at the end.

for those who have been following this thread, here is an update on one of the accounts previously posted.

PetraFx posted:
 
https://twitpic.com/395j1b

https://twitpic.com/395ktz (updated 22 Nov, 2010 - seconds ago)

... here's a update of the statement initially posted https://www.screencast.com/t/37lPIiYU2QZ (23 Nov 2010)


Latest update: https://www.screencast.com/t/1Q6MZ3tuKkH (26 November 2010)

The point here is that this EA is an OPM roller coaster.

 It is not conservative or moderate, but risky.

Overall, the performance is not stable or profitable.

Yes, It is possible that an Investor could have made money if they entered at the right moment and withdrew their funds before the next dip.

PetraFx: To show a screen shot of a profitable account versus your Account statistics proves my point.
Filip: You say Transparent? If you read the description of this system, you would say otherwise.

I would say,
'Wish you the Best',
but after looking at your statistics, checking out your website, Facebook etc, I can clearly see your motive. Churn and Burn.

REBATES ANYONE?
https://www.atcbrokers.com/forexecn/institutionalservices/introducingbroker.php
https://www.eforexib.com/

pipinvestment1 posted:

Yes, It is possible that an Investor could have made money if they entered at the right moment and withdrew their funds before the next dip.

my account is opened at day 1 when program started and newer withdraw a penny. So it reflects how whole block is going.