Master Trading Account (de managedfxprofit)
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Discussion Master Trading Account
Membre depuis Aug 22, 2010
posts 19
Oct 02, 2010 at 21:29
(édité Oct 02, 2010 at 21:40)
Membre depuis Aug 22, 2010
posts 19
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
Membre depuis Feb 16, 2010
posts 1332
Oct 02, 2010 at 22:21
Membre depuis Feb 16, 2010
posts 1332
Your system is same as this: https://www.myfxbook.com/members/MQLHome/tortoise-21/31271
RR 1:1 + Martingale
RR 1:1 + Martingale
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Membre depuis Aug 22, 2010
posts 19
Membre depuis Feb 16, 2010
posts 1332
Oct 03, 2010 at 06:54
Membre depuis Feb 16, 2010
posts 1332
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."
Membre depuis Aug 22, 2010
posts 19
Oct 03, 2010 at 07:10
Membre depuis Aug 22, 2010
posts 19
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.
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.
Membre depuis Feb 16, 2010
posts 1332
Oct 03, 2010 at 07:37
Membre depuis Feb 16, 2010
posts 1332
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.
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."
Membre depuis Aug 22, 2010
posts 19
Oct 05, 2010 at 15:12
Membre depuis Aug 22, 2010
posts 19
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.
This is a steady and profitable system, with maximum historical drawdown 20% so far on live trading.
Membre depuis Feb 16, 2010
posts 1332
Oct 05, 2010 at 15:21
(édité Oct 05, 2010 at 15:22)
Membre depuis Feb 16, 2010
posts 1332
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.
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."
Membre depuis Aug 22, 2010
posts 19
Membre depuis Aug 22, 2010
posts 19
Nov 21, 2010 at 17:33
Membre depuis Aug 22, 2010
posts 19
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.
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.
Membre depuis Jul 29, 2010
posts 53
Nov 21, 2010 at 18:27
(édité Nov 21, 2010 at 18:28)
Membre depuis Jul 29, 2010
posts 53
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.
Until you show some real account your offer is ridiculous.
I need your money to buy more drinks and women. Secure investment.
Membre depuis Aug 22, 2010
posts 19
Nov 23, 2010 at 13:12
Membre depuis Aug 22, 2010
posts 19
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.
We trade this system on various brokers: FXCM, FXPRO, and several others. This system will work on any MT4 broker.
Membre depuis Aug 22, 2010
posts 19
forex_trader_7
Membre depuis Aug 01, 2009
posts 941
Nov 28, 2010 at 05:58
Membre depuis Aug 01, 2009
posts 941
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.
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.
Nov 28, 2010 at 08:51
Membre depuis Nov 18, 2009
posts 735
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 ...
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.
Membre depuis Oct 20, 2010
posts 13
Nov 28, 2010 at 18:15
(édité Nov 28, 2010 at 18:17)
Membre depuis Oct 20, 2010
posts 13
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.
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.
Membre depuis Aug 22, 2010
posts 19
Nov 30, 2010 at 17:28
Membre depuis Aug 22, 2010
posts 19
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.
In 1 year $1000 at 20% per month becomes $8916. thats 890% with compounding.
Nov 30, 2010 at 17:56
Membre depuis Nov 18, 2009
posts 735
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 ... 😄
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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