20-40% performance fee (with high watermark) for Forex traders

Aug 24, 2011 at 20:55
36,699浏览
472 Replies
会员从Sep 23, 2011开始   4帖子
Nov 26, 2011 at 13:04
Remus Miclea,
   yes...all the trades are manual. No EA to trade...
mrWoland
forex_trader_53818
会员从Nov 17, 2011开始   15帖子
Nov 28, 2011 at 07:13

   linc posted:
   After filter of your list,only 3accounts are there deserving worthy to consider. All other accounts either deleted,no updating,no more trading or something like that. They are not fulltime people trading for a living for sure and must be wanting to be success traders in future.

Of the leftover accounts from your list,Alanfx1 has longest trading record of 3years history in below account. In my opinion even after consider the drawdown I think he will be safe because 3years without loss of account means he knows to survive and make profit in whatever market conditions. And same account for 3years.

Other 2accounts below are close to 1year. So maybe good to also consider.

Definitely not others in the list.

In forex only people who show they can survive and make profit in long period must be consider as safe traders.





   NextLevelForex posted:
 

Alanfx1 / Tradingboy, REAL, https://www.myfxbook.com/members/Alanfx1/tradingboy-lab/43576
Had a series of losses in July, which led to a big DD. Other than that, looks good, and I'll watch it for a little longer.

Robin Hood Fund, REAL, https://www.myfxbook.com/members/RobinHoodFund/robin-hood-pamm/108473
Weird growth chart for Sep-Oct 2011, considering the DD reported is a lot smaller; will watch it for a little longer.


elbe17x / Roland, REAL, https://www.myfxbook.com/members/elbe17fx/elbe7fx/139552
A bit low on the Pips Expectancy front, but otherwise looks good; will watch it for a little longer. Got in touch with the trader, to explore areas for collaboration.


Happy trading,

Remus



You've gotta be kidding! Finding those the best choices.

Alanfx1 / Tradingboy, REAL, https://www.myfxbook.com/members/Alanfx1/tradingboy-lab/43576 : 56.15%DD

Robin Hood Fund, REAL, https://www.myfxbook.com/members/RobinHoodFund/robin-hood-pamm/108473 - PAMM :
  Ab. Gain -6.37% and the DD is not correct for sure, the account took a plunge down of more than 200%

elbe17x / Roland, REAL, https://www.myfxbook.com/members/elbe17fx/elbe7fx/139552 : The DD doesn't match the chart it gotta be more than that.


I don't know what kind of filtering you are using but you need to use a clean filter, the one you have used seems dirty.

I wouldn't put my money on their hands neither on Remus' hands his accounts have less than 1 year of trading and don't even qualify for his own criteria. They should be on the watchdog list too.


会员从Apr 25, 2011开始   262帖子
Nov 28, 2011 at 08:05

   mrWoland posted:
I wouldn't put my money on their hands neither on Remus' hands his accounts have less than 1 year of trading and don't even qualify for his own criteria. They should be on the watchdog list too.

Seems you misunderstood the role of my accounts, and the role of this thread for that matter. I'm not looking for clients, simply because I'm not trading other people's money.

As far as my accounts not qualifying my own criteria, please enlighten the readers of this thread and post my criteria here (I am curious to see what you say about that, since as far I know, and as anyone reading this thread can see, I did not post any qualifying criteria - all I asked from people was some info about them and their results).

It's not easy to find good traders, who are quality people as well, but I learned more than expected since starting my NextLevelForex project, and even this thread was quite useful.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
会员从Nov 01, 2011开始   4帖子
Nov 29, 2011 at 12:18
Hello Mr. Remus Miclea,

Here are my trading portfolios:

CONSERVATIVE PORTFOLIO
Demo (USD), Varchev Brokers, Technical, Automated, 1:100

https://www.myfxbook.com/members/naskofx/conservative-portfolio/189482


BALANCED PORTFOLIO-2
Demo (USD), FXCM, Technical, Automated, 1:100

https://www.myfxbook.com/members/naskofx/balanced-portfolio-2/189485


BALANCED PORTFOLIO
Demo (USD), Alpari UK

https://www.myfxbook.com/members/naskofx/balanced-portfolio/193724



BALANCED PORTFOLIO - 3

https://www.myfxbook.com/members/naskofx/balanced-portfolio-3/199600


BALANCED PORTFOLIO - 4

https://www.myfxbook.com/members/naskofx/balanced-portfolio-4/199605



BALANCED PORTFOLIO - 5

https://www.myfxbook.com/members/naskofx/balanced-portfolio-5/199609


AGGRESSIVE PORTFOLIO
Demo (USD), Varchev Brokers, Technical, Automated, 1:100

https://www.myfxbook.com/members/naskofx/aggressive-portfolio/190587



REAL ACCOUNT MONITORING:
https://www.myfxbook.com/members/naskofx/anoited77-live/199616

Waiting for your comments :)

Best Regards
Nas
Less is More! :)
会员从Nov 16, 2011开始   5帖子
Nov 30, 2011 at 07:32

Hello Mr. Miclea,

My name is Aleksandr. I'm from Russia
Experience - more 5 years
Intraday trading, Scalping
MICA FX&MM Base Course https://www.mmva.ru/eng/

Here you can look at my trading account
https://www.myfxbook.com/members/JokerGBP/joker-gbp/193453

He is very young, but add it to your watchlist.
I'm in no hurry... )))

Best Regards

Joker GBB

会员从Apr 25, 2011开始   262帖子
Dec 07, 2011 at 21:46

Here you can look at my trading account
https://www.myfxbook.com/members/JokerGBP/joker-gbp/193453

Thanks Aleksandr, I added it to my watchlist.

The stats look great so far, but they don't mean much until you take some losses (you have 100% win rate so far; that's good, I just hope it's not your target)
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
会员从Nov 16, 2011开始   5帖子
Dec 08, 2011 at 21:54

....I just hope it's not your target)

Yes, of course. Losses will be... later... impossible without them ...)))
会员从Apr 25, 2011开始   262帖子
Dec 08, 2011 at 21:58

   JokerGBP posted:
   

....I just hope it's not your target)

Yes, of course. Losses will be... later... impossible without them ...)))

Good, we are on the same page, then!

I had people, even on this thread, claim 100% win rate... That worked great for them, until it did not :)
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
会员从Nov 16, 2011开始   5帖子
Dec 09, 2011 at 08:44
I was just lucky, now...)))))))))
But as always there can be no...)))
会员从Oct 17, 2011开始   38帖子
Dec 09, 2011 at 14:42
Hi Remus,

you may spend 5 seconds to have a look my account.
https://www.myfxbook.com/members/billion_yao/tom-best-gbp/197469
会员从Jul 30, 2011开始   71帖子
Dec 09, 2011 at 15:01
Hmmm, both seem to be running GridMeUp, or am I wrong?
Riding waves always leads to a fall
会员从Dec 10, 2011开始   2帖子
Dec 10, 2011 at 09:17

   NextLevelForex posted:
   Hi everyone,

If you are interested in trading other people’s money, please post details about your results here.
A verified real money account on myfxbook would be good, but not absolutely required at this point.
Please compile results and extract some statistics for posting them here. Specifically I'm interested in:

1) how long have you been trading for, any methods or systems
2) how many trades / month does your current system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5a) what is the Pips Expectancy of your current method
5b) what is the Expectancy Ratio of your current method

Pips Expectancy = ( Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades % ) / 100
Expectancy Ratio = Pips Expectancy / Average Pips Loss

Thank you for your interest!

Remus

Hello Remus,

Can you tell us how much money (min & max) would you like to invest for one trader if he met your required?

Thanks.
 
会员从Feb 03, 2011开始   20帖子
Dec 20, 2011 at 05:08

   NextLevelForex posted:
   Hi everyone,

If you are interested in trading other people’s money, please post details about your results here.
A verified real money account on myfxbook would be good, but not absolutely required at this point.
Please compile results and extract some statistics for posting them here. Specifically I'm interested in:

1) how long have you been trading for, any methods or systems
2) how many trades / month does your current system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5a) what is the Pips Expectancy of your current method
5b) what is the Expectancy Ratio of your current method

Pips Expectancy = ( Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades % ) / 100
Expectancy Ratio = Pips Expectancy / Average Pips Loss

Thank you for your interest!

Remus

Our Trading System
Our trading system is completely automated running on a set of expert advisors on a VPS. We test EA’s on a demo account and then on a live cent account before we start using the signals on this PAMM account. Right now our system is trading only 3 pairs, but its designed to trade 24 Currency pairs. So as funds are added we will be trading more pairs for more profit.

PAMM-Account Terms & Conditions
Minimal investment sum in your PAMM-account $10.
The average monthly profit of 20% - 40% or More
Distribution of profits: Investors -70%
PAMM-Trader - 30%
Partner - 10%
Minimal investment timeframe :30 days (But think longterm)
Prepayment penalty of the investment sum: 5%

For more details & proof of our live & demo accounts Visit: www.autotradefx.in

<a href='https://www.myfxbook.com/members/indiaforextrade/live-trading-ac-exness/193562'><img border='0' src=''/></a>
In order to make a profit you have to cut short your losing trades and let the winners ride
会员从Apr 28, 2011开始   116帖子
Dec 20, 2011 at 05:32
Maybe this one https://bit.ly/tHDeQk 😲

- ANTI minus floating for days! (It can disrupt your health and emotional!)
- DO NOT make trades for 24 hours! (Very tiring, constantly monitor the charts!)
- DO NOT over-trade! (Only the pursuit of commission / rebate alone!)
- DO NOT use the FULL margin to withstand the wrong position! (SL Danger! it is MC)
- DO NOT open a position opposite to the trend of continuously! (Martingale / Averaging)
- DO NOT use the robot as a test that has not been proven and tested on actual market!
- Only use the best robot has been used for years on account REAL!
- Trading just enough day, a floating average of 3 hours clear! May pull the profit (Rollover) every day!
- Always use StopLoss (SL) as a safety. It is important to limit the losses!
- Traders also invest, not just rely on funding from investors only.
- If the market are found to be beneficial, EA will be turned off. Primary security account is more than the pursuit of profit / commission.
- Has escaped from the backtest and Forwardtest with satisfactory results.
- Targeted PAMM is to invest long term, survive up to many years.
会员从Apr 25, 2011开始   262帖子
Dec 20, 2011 at 14:43 (已编辑 Dec 20, 2011 at 14:43)

   indiaforextrade posted:

...
For more details & proof of our live & demo accounts Visit: www.autotradefx.in

I checked your system a couple of hours ago, and the equity was around 53%.
In other words, there was a drawdown of 47%.

No matter how great the system looks from other perspectives, such a large (and on-going, if the balance vs equity chart displayed by myfxbook is correct) drawdown is way too much for my taste.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
会员从Dec 10, 2011开始   2帖子
Dec 21, 2011 at 07:32

   Pro_Trader posted:
   

   NextLevelForex posted:
   Hi everyone,

If you are interested in trading other people’s money, please post details about your results here.
A verified real money account on myfxbook would be good, but not absolutely required at this point.
Please compile results and extract some statistics for posting them here. Specifically I'm interested in:

1) how long have you been trading for, any methods or systems
2) how many trades / month does your current system generate
3a) what is the maximum trade duration for the last 100 trades
3b) what is the average trade duration for the last 100 trades
4) what is the average pip/trade over the last 100 trades
5a) what is the Pips Expectancy of your current method
5b) what is the Expectancy Ratio of your current method

Pips Expectancy = ( Average Pips Win * Winning Trades % + Average Pips Loss * Losing Trades % ) / 100
Expectancy Ratio = Pips Expectancy / Average Pips Loss

Thank you for your interest!

Remus

Hello Remus,

Can you tell us how much money (min & max) would you like to invest for one trader if he met your required?

Thanks.
 

@ Remus Miclea (NextLevelForex),

Why not reply? :)

会员从Nov 15, 2011开始   61帖子
Dec 21, 2011 at 08:46

   liquidityFX posted:
   Hi Remus,

I've opened a PAMM account last Sunday, I'd like to submit it to your list to monitor:

https://www.myfxbook.com/members/liquidityFX/pamm1/192513

It just started, so I'm sure it doesn't have much value yet, but I'm confident that it will not be a dissapointment :)

1) how long have you been trading for, any methods or systems
About 3 years, several systems and methods...I feel one should always pick the right tool for the job, and we all know the forex world has thousands of tools for thousands of 'jobs'. I learned this through trial and error...as in, I've lost money before I started gaining money in Forex. It's not easy, and quite important not to underestimate any single aspect of trading (spreads, execution times, broker, trade length, multiple TF confirmation, curve fitting EA's, emotions, volatile news etc etc).

2) how many trades / month does your current system generate
25-75

I'll answer the other questions at a later point once we have some historical data, hope this isn't too..'forward', it is honest though :)

Hi Remus & Others,

Since my PAMM has been running with shining results, I'd like to post answers to your more technical questions now (as we didn't have data earlier):

2) how many trades / month does your current system generate
Between 70 and 120, depending on volatility and volume.

3a) what is the maximum trade duration for the last 100 trades
88 hours, closed at 0,66% loss. This is exeptional, my trade history is public so you can verify :)

3b) what is the average trade duration for the last 100 trades
5 hours and 49 minutes

4) what is the average pip/trade over the last 100 trades
Assuming this includes losing pips: 3045 pips / 171 trades = 17.8 pips / trade

5a) what is the Pips Expectancy of your current method
(14.71 * 71%) + (-21.31 * 29%) = 426.42 / 100 = 4.26 Pip Expectancy

5b) what is the Expectancy Ratio of your current method
4.26 / -21.31 = -0.17 Expectancy Ratio

Not sure if I calculated the expectancy ratio correctly...please correct my numbers if they're wrong, they're all public and verified in my account statement.
When you fall you learn, then you get up and you try again until you master it.
会员从Apr 25, 2011开始   262帖子
Dec 21, 2011 at 10:40

   Pro_Trader posted:

@ Remus Miclea (NextLevelForex),

Why not reply? :)

Hi Pro_Trader,

I'm on vacation, and traveling out of the country, so up until yesterday I was barely checking my accounts and email. I will remain in this 'vacation' mode until Jan 15. But since I'm at my computer, and since you asked again, I'll reply to you now.

The size of an account that I'm willing to have some else trade is dependent on the leverage, so I'll answer your question from the perspective of buying power, which is a more accurate measure of the accepted exposure.

As it stands right now, I offer up to 25 lots total exposure, ignoring hedging (so 10 simultaneous trades of 2.5 lots each, or 1 trade of 25 lots). That being said, I would not have anyone trade at that level right away - a period of trial would be how we begin the relationship.

We can talk about bigger lot sizes after we have a period of successful collaboration.

Hope that answers your question. If you have others, please post them there, and also allow until after Jan 15 for a reply.

Thanks!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
会员从Oct 27, 2009开始   28帖子
Dec 21, 2011 at 15:21
STABLE & SAFE FOREX TRADING RESULTS!

I also have an account for review by anyone interested in managed forex trading. If you are ready for stable and dependable forex results, take a look at this live account link and review the details carefully. Safe draw down is very low, equity,profit, and balance curves are smooth, and all trades (events) are profitable.

Over 7 years of hard work in the forex market has gone into this proprietary automated trading system, not available to the general public, and not for sale.

There are limited trading account slots available, so if interested please respond no later than 1/15/2012 to reserve your trading position. Minimum opening account balance is $50,000, so serious enquiries only please!

https://www.myfxbook.com/members/nasco/live-account/186575

Relax, and Get Paid!
会员从Apr 25, 2011开始   262帖子
Dec 22, 2011 at 04:57 (已编辑 Dec 22, 2011 at 05:02)

   liquidityFX posted:

Hi Remus & Others,

Since my PAMM has been running with shining results, I'd like to post answers to your more technical questions now (as we didn't have data earlier):

2) how many trades / month does your current system generate
Between 70 and 120, depending on volatility and volume.

3a) what is the maximum trade duration for the last 100 trades
88 hours, closed at 0,66% loss. This is exeptional, my trade history is public so you can verify :)

3b) what is the average trade duration for the last 100 trades
5 hours and 49 minutes

4) what is the average pip/trade over the last 100 trades
Assuming this includes losing pips: 3045 pips / 171 trades = 17.8 pips / trade

5a) what is the Pips Expectancy of your current method
(14.71 * 71%) + (-21.31 * 29%) = 426.42 / 100 = 4.26 Pip Expectancy

5b) what is the Expectancy Ratio of your current method
4.26 / -21.31 = -0.17 Expectancy Ratio

Not sure if I calculated the expectancy ratio correctly...please correct my numbers if they're wrong, they're all public and verified in my account statement.

Thanks Jos for following up, and especially for opening your trading history!

Your results indeed look good, but there are a couple of corrections I need to make, for the benefit of everyone trying to asses your performance through my criteria:

4) you need to select only the last 100 trades, not all 171; I selected the 11/29 8:00 - 12/21 13:00 interval and got the answer: for the last 100 trades, the average pip/trade (the same as Pips Expectancy; at the time of my original post I did not know they are the same) is 320.2 / 100 = 3.2 pips (and yes, you need to include the losing trades)

5a) there was a typo in your reply; -21.31 is in fact -25.31; with that the Pips Expectancy comes out as 3.0, which is still good. By the way, shortly after starting this thread I suggested to Myfxbook team to implement displaying the Pips Expectancy, which they promptly did, so now you can find this value in the 3rd column of Advanced Statistics / Trades

5b) due to the same typo the ratio is lower: 3.0 / 25.31 = 0.12 (the absolute value is used for the average loss; I was not clear on that in my original post)

All in all, I must say I like your results. History is still too little, but time will naturally take care of that :). Keep up the great work, and we'll be in touch after mid January.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
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