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PAMM (Managed Accounts) running for +1yr (由 rfx )

该用户已将其策略转为私有。

PAMM (Managed Accounts) running for +1yr讨论

Mark Harris
arry01
Jan 19 2011 at 13:10
67帖子
Looks like another hold and hope strategy to me, serious equity problems all the time.

Harry
SolarFX (forexma)
Jan 19 2011 at 13:23
1332帖子
I just hate those money managers who are awaiting quietly for the margin call.
At least he proved he can accept losses which was main reason for my criticism and I want to apologize for that.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
rfx (ranesh)
Jan 28 2011 at 10:06
257帖子
forexma posted:
    I just hate those money managers who are awaiting quietly for the margin call.
At least he proved he can accept losses which was main reason for my criticism and I want to apologize for that.


Ok Solar... I don't like any unpleasantness either. Your apology is accepted on the assumption that an apology for badly accusing me of being someone else is also forthcoming.
SolarFX (forexma)
Jan 28 2011 at 10:38
1332帖子
ranesh posted:
    
forexma posted:
    I just hate those money managers who are awaiting quietly for the margin call.
At least he proved he can accept losses which was main reason for my criticism and I want to apologize for that.


Ok Solar... I don't like any unpleasantness either. Your apology is accepted on the assumption that an apology for badly accusing me of being someone else is also forthcoming.

I apologize for that as well.

But I keep thinking that a money manager should disclose his open trades, history and broker and update more frequently(at least once a day). There are too many hidden things about you which is not the right way to attract investors.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
rfx (ranesh)
Jan 28 2011 at 11:22
257帖子
Thx.

Well... you probably haven't noticed it in my profile and system info which I updated y'day or the day b4 i think. I've mentioned that I've still not started accepting clients who are not personally referred to me. I'm not sure if or when I would start accepting.. won't be anytime very soon though. Personal referrals are working out just fine for me at the moment.

Prior to opening out my PAMM to others I will definitely be disclosing the broker for sure. Since my equity is public I don't see the need for open trades to be made public. I will also not be making my history public.

There was another thread quite a while back. where I think it was Kenny who I was in agreement with over this issue... and none of the others were able to give a valid explanation as to what it is that one can gather from the history from an investor's point of view which is not already available with all of the stats derived from it. And in my case, the kind of individuals I work with are interested in only seeing the necessary KPI and nothing more... because they're high net worth investor savvy individuals who already have other investments.... which is why I find it easier to work with them. You are already aware that the minimum to join my PAMM is 25k... and although I did receive a few PM's from some who wanted to join a month or 2 after I started my PAMM.. I had to decline them. I am still not convinced that those who are able to invest such an amount will be wondering around here on myfxbook. But who knows.

The reason I decided to update it at the weekends is because that is when I need some info from here to prepare reports for my clients which includes some stats not available here.

Well.. anyway I wish you all the best with your future trading endeavors. Catch u later.
SolarFX (forexma)
Jan 28 2011 at 18:53
1332帖子
For me w/o history is hard to 100% understand the strategy behind the results. I would describe it like that: the history gives me the missing 20% of information about a strategy.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
rfx (ranesh)
Jan 30 2011 at 11:22
257帖子
forexma posted:
    For me w/o history is hard to 100% understand the strategy behind the results. I would describe it like that: the history gives me the missing 20% of information about a strategy.


If one was selling a trading strategy, an EA or even a coaching program - yes I'd have to agree that they ought to have their history open.

In my case, I'm only offering the opportunity for the 'right' individuals to partner with me to mutually profit from my trading 'performance' and for that purpose ALL the stats an investment-savvy individual needs and looks for, to be able to analyze and gauge my performance is available. And by investment-savvy I'm not talking about those who are looking to have a few 1000 dollars managed. If on the other hand a hedge fund was interested in working with me, I am sure they'd want to analyze each and every trade. But I prefer working with the type of individuals I work with at the moment....and they find the stats I've made available to them more than sufficient.
HungarianManaged
Feb 24 2011 at 12:37
12帖子
0AFK0
Apr 08 2011 at 20:34
29帖子
Ranesh.... Who are those 'right' individuals you speak of? Surely people gullible enough to be conned into thinking that you can make profits trading currencies. The absolute gain on your account is 22% while your equity is at 77%, that means that you are currently down to .77*1.22=0.9394 ...In other words you've lost 6% since last summer. You're a joke with your suicidal no stoploss trading.

I have better things to do than bash people here, but I was looking at some high performing systems on myfxbook and in the discussion section of one of them you were shitting all over the owner and implying that he would be lucky to have 10% aof the trading skill that you have, so I decided to take a look at your performance and all I can say is Jeeeeeesuuuus... Some balls you have to carry yourself like a pro when all you do is slowly bleed your investors cash. I hope they pay you on a high water mark basis.

HungarianManaged posted:
    Nice growth!

Dude, are you blind? learn to interpret the information given to you, his account has no growth to speak of, it has huge running losses, maybe they will turn around, meybe they will get bigger. Just hold 'em and hope for the best, eh?
rfx (ranesh)
Apr 08 2011 at 22:07
257帖子
1.
Just to clarify - ur calculation is incorrect. The reason u see a difference in ABS Gain and Cumulative gain is because of profit withdrawals as well as new deposits. Check the relevant section here on fxbook on how the 2 figures are calculated. U should be using the cumulative %gain in your calculation.

So this PAMM account is in overall profit and not at a loss of 6% as you say.

2.

This other person you are talking about must be Ben Smirts of TradingCompany. If anyone was 'shitting' it was him. Those that have been around here long enough are aware of what he did. My intention there was only to expose the blatant lie.

As far as my account here is concerned, everything displayed here is correct.

You will not hear me coming up with made-up stories of myfxbook bugs etc etc causing my equity to show incorrect figures. Nor will updates on this account ever stop simply because there is an equity-drawdown. The only thing that is incorrect here is the equity curve, which is probably because fxbook is still working on it. According to the equity curve here it shows that my equity has hit 100% a few times in March when in fact it hasn't yet, since around the end of November.

Other than that, everything else here is correct.

Most people think that one is a successful trader only if he/she is able to show HUGE %gains. Unfortunately, many people are misguided into believing that a Trader/Manager is not good unless he/she is able to show massive gains. There is no sense in making massive gains only to lose it soon after. Trading forex is not about making massive gains for a short time.... it's about surviving through low periods either due to unexpected circumstances that affect one's trading and/or during difficult market conditions and being profitable in the long term. There must have been a large number of accounts that went bust during the last few months because of the way the markets have been moving. If one is able to comfortably withstand such conditions by trading small (ie: low leverage) and still show profitability that is what matters. Using low leverage always has its advantages although it's a compromise on the %gains.

Even some of the best performing hedge funds only return around 20% to their clients on average annually. About 2000 hedge funds since end-2008 have gone bust. Just check out Barron's top 100 hedge funds survey.

Every account will go through a slow period at some point or another. There's nothing wrong with that. One should have sufficient patience to endure such times to be able to capitalize on the markets when the slow times are over.

Your opening statement leads me to believe that you are of the opinion that currency trading cannot be profitable. It may seem that way... but it's certainly not the case.

Have a nice weekend.
speki
Apr 08 2011 at 22:33
735帖子
Interesting that people either like or desperately hate Ranesh but few seem to be neutral. I remember when people thought he was someone else - indeed their initials were the same but he wasn't who people thought he was. I also remember he ran demo systems for a long time before he went live and never hurried to get investors on board. I also remember Mr. Will (pipinvestments) who said he wouldn't bet 1 pip on Ranesh. And lookety look - who's in the game today? It's not Will, is it?

I'm sure Ranesh is working on improvements related to the equity % - give it some time. Remember he hasn't blown a single account, unlike those serial margin caller clown twats.

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
0AFK0
Apr 09 2011 at 12:47
29帖子

ranesh posted:
    1.
Just to clarify - ur calculation is incorrect. The reason u see a difference in ABS Gain and Cumulative gain is because of profit withdrawals as well as new deposits. Check the relevant section here on fxbook on how the 2 figures are calculated. U should be using the cumulative %gain in your calculation.

So this PAMM account is in overall profit and not at a loss of 6% as you say.

2.

This other person you are talking about must be Ben Smirts of TradingCompany. If anyone was 'shitting' it was him. Those that have been around here long enough are aware of what he did. My intention there was only to expose the blatant lie.

As far as my account here is concerned, everything displayed here is correct.

You will not hear me coming up with made-up stories of myfxbook bugs etc etc causing my equity to show incorrect figures. Nor will updates on this account ever stop simply because there is an equity-drawdown. The only thing that is incorrect here is the equity curve, which is probably because fxbook is still working on it. According to the equity curve here it shows that my equity has hit 100% a few times in March when in fact it hasn't yet, since around the end of November.

Other than that, everything else here is correct.

Most people think that one is a successful trader only if he/she is able to show HUGE %gains. Unfortunately, many people are misguided into believing that a Trader/Manager is not good unless he/she is able to show massive gains. There is no sense in making massive gains only to lose it soon after. Trading forex is not about making massive gains for a short time.... it's about surviving through low periods either due to unexpected circumstances that affect one's trading and/or during difficult market conditions and being profitable in the long term. There must have been a large number of accounts that went bust during the last few months because of the way the markets have been moving. If one is able to comfortably withstand such conditions by trading small (ie: low leverage) and still show profitability that is what matters. Using low leverage always has its advantages although it's a compromise on the %gains.

Even some of the best performing hedge funds only return around 20% to their clients on average annually. About 2000 hedge funds since end-2008 have gone bust. Just check out Barron's top 100 hedge funds survey.

Every account will go through a slow period at some point or another. There's nothing wrong with that. One should have sufficient patience to endure such times to be able to capitalize on the markets when the slow times are over.

Your opening statement leads me to believe that you are of the opinion that currency trading cannot be profitable. It may seem that way... but it's certainly not the case.

Have a nice weekend.

Being a trader myself I am aware of the quirks in myfxbook's numbers, but you are wrong in saying that it's the cumulative gain that is important, it's not - if you move an account from 100 down to 80 in one trade and then back to 100 in one trade your cumulative gain will show +5% because first you've lost 20% and then gained 25%. You will be at break-even and absolute gain will correctly show 0%.

I'm willing to give you the benefit of the doubt, let's say that there is an error in myfxbook's numbers and that you are profitable (Though taking into account the fact that your equity is considerably down you are definitely not at 40%+ as your cum. gain shows or even at 20%+ as your abs. gain shows). You talk about risking little and slowly gathering profits in order to stay in the game over the long run and I will not dispute that, because I do believe this to be true, however you are not trading according to those principles - an account with losses on open positions going up to 35% is not being traded conservatively, it is being traded extremely aggressively and the returns you are posting are nowhere near high enough to justify the amount of risk you expose yourself to. There is no promise that the positions you hold will ever turn around.

I'd like to address your statements about the profitability of hedge funds - yes, they don't generate insane profits, but that is because a) their investors would never allow them to run a 35% draw down on open positions and hold it for months, so they trade with far, far smaller positions than you do and b) they manage too much money to be able to scale into positions the same way traders managing less then a few million can (I assume that you are in that group), so they are confined to mid-long term trading and therefore have less exploitable opportunities available to them.

Here's a quote from warren buffet (who is a buy and hold, longest possible term investor):
'If I was running $1 million today, or $10 million for that matter, I'd be fully invested. Anyone who says that size does not hurt investment performance is selling. The highest rates of return I've ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.' someone who could count the number of trades he makes a year on one hand making 50% makes you wonder what a trader making and order of magnitude (or two) more trades a year should make.
rfx (ranesh)
Apr 10 2011 at 01:27
257帖子
speki posted:
    Interesting that people either like or desperately hate Ranesh but few seem to be neutral. I remember when people thought he was someone else - indeed their initials were the same but he wasn't who people thought he was. I also remember he ran demo systems for a long time before he went live and never hurried to get investors on board. I also remember Mr. Will (pipinvestments) who said he wouldn't bet 1 pip on Ranesh. And lookety look - who's in the game today? It's not Will, is it?

I'm sure Ranesh is working on improvements related to the equity % - give it some time. Remember he hasn't blown a single account, unlike those serial margin caller clown twats.



Thanks Speki. I love the song... never heard that one before. Re: the Eqty... it's resulting from what happened in November that I mentioned to you back then... if u remember. So once I'm through executing the current trading plan, the original pattern that was seen prior to this will re-emerge. So all is good. 😎

Have a great week ahead.

P.S : it also seems that Mark Harris (1st post on page9 here) has also unfortunately busted his account.]


---------------
<quote=0AFK0>

0AFK0 said :
    
Being a trader myself I am aware of the quirks in myfxbook's numbers, but you are wrong in saying that it's the cumulative gain that is important, it's not - if you move an account from 100 down to 80 in one trade and then back to 100 in one trade your cumulative gain will show +5% because first you've lost 20% and then gained 25%. You will be at break-even and absolute gain will correctly show 0%.

----------------------

Here, this explains clearly the difference between ABS.Gain and Cmltv.Gain :

https://www.myfxbook.com/help#help_11
olive10000
Apr 13 2011 at 09:30
41帖子
Ranesh,

The easiest way to defend yourself, would be to open your history, no?

Anyway, you equity line already shows that your strategy is very very very risky.

For beginners, when you see such gap between yellow and red line, and that the yellow is under the red one, so go away!

Also when you see on November 29: -3129 pips, jan 17: - 1033 pips, this is a little bit strange for a professionnla trader to accept such loss.

As i said for a long time, do not trust hidden history systems.

Keys for forex success:PATIENCE and money management!
uda (uda7805)
Apr 13 2011 at 10:02
103帖子
@Ranesh,
keep it up. the intention to put our trades in myfxbook is not to let others complaint, condemn, critisize. It's for analysis purpose. ignore bad comments, take something from improvement remarks.

@olive,
i'm fresh in fx too, my points is valued at only 2 cents... I think if we had to take lost, then we have too. It's important to save the account rather that good statistic but we are unable to get good sleeps for week...

cheers!
Hantam la labuuu. Harap rezeki kat FX nih...
olive10000
Apr 13 2011 at 10:17
41帖子
Uda,

Ranesh is not only on myfxbook for analysis. He s here to sell his managed account.

So, i just want to say that this trader is not as good as he pretend, and that it is very risky to invest money wiht him.

His strategy is not at all conservative (as he tried to mean it), but very agressive, for a very Thsmall return on investment.

The best way for him to prove that me and others are wrong is to be totally transparent, and to show his history.

Ranesh has the right to hide evrything he wants, but novice should be aware about the risks.

Olivier
Keys for forex success:PATIENCE and money management!
uda (uda7805)
Apr 13 2011 at 10:24
103帖子
@olive10000
aaa... if the intention is to sell EA or finding investors, then Ranesh should be more transparent. Potential investor need to know the depth of the risk that they have to take. Every penny is counted...
it's better to disclose more details so that investor won't come back to you, Ranesh. Data will explain most of the things an investor need to know.
Hantam la labuuu. Harap rezeki kat FX nih...
Will Schaarrand
pipinvestment1
Apr 13 2011 at 10:28
219帖子
speki posted:
    Interesting that people either like or desperately hate Ranesh but few seem to be neutral. I remember when people thought he was someone else - indeed their initials were the same but he wasn't who people thought he was. I also remember he ran demo systems for a long time before he went live and never hurried to get investors on board. I also remember Mr. Will (pipinvestments) who said he wouldn't bet 1 pip on Ranesh. And lookety look - who's in the game today? It's not Will, is it?

Working on improvements is all we can do to prevent problems in the future. I've found a solution for myself. It's CALLED auto STOP OUT to prevent ANY long term drawdown.

One who learns from their mistakes are ahead of those that believe that don't have a problem ( Remember Roberts ignorance and denial.) Who ever is hiding behind the hidden Trading History, doesn't bother me anymore. I've realized that the efforts are not worth the time and energy. Thankfully Solar and few other members here continue to have the energy to red flag and question others. It is the only way we can have an enviroment of true transparency where all of us can benefit from.

Wish Ranesh the best with your Equity recovery.

Speki- Whether I'm in the game or stroke out several times, the series is far from over.

rfx (ranesh)
Apr 16 2011 at 06:41
257帖子

olive10000 posted:
    Ranesh,

The easiest way to defend yourself, would be to open your history, no?

Anyway, you equity line already shows that your strategy is very very very risky.

For beginners, when you see such gap between yellow and red line, and that the yellow is under the red one, so go away!

Also when you see on November 29: -3129 pips, jan 17: - 1033 pips, this is a little bit strange for a professionnla trader to accept such loss.

As i said for a long time, do not trust hidden history systems.



Olive10000 makes me laugh. 😁

Well... it is the weekend after all and I really don't mind a good laugh at his expense at the end of another trading week.

I have responded to him over here >> https://www.myfxbook.com/community/trading-systems/forex-bk/45057,2#?pt=2&p=3&o=45057

Have a nice weekend everyone.
Patience
Apr 16 2011 at 14:34
230帖子
ROFL ROFL. And did Olive10000 ever apologise to you Ranesh for accusing you of being serial investor account blower Robert Waltos who, by the way, remained conspicuously quiet when all that accusing was going on.
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