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Author Topic: ASTA Signal Service  (Read 30120 times)

Offline reinerh

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Re: ASTA Signal Service
« Reply #30 on: October 12, 2014, 10:57:54 PM »
Haha... next DD will come for sure  ;)

Happy to welcome you as an investor as soon as you are ready to jump in.


Cheers,

Prof   :)

Links in signature not working

his myfxbook works for me just fine. maybe your browser ?

Offline HFT Group

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Re: ASTA Signal Service
« Reply #31 on: October 12, 2014, 11:30:53 PM »
Haha... next DD will come for sure  ;)

Happy to welcome you as an investor as soon as you are ready to jump in.


Cheers,

Prof   :)

Links in signature not working

his myfxbook works for me just fine. maybe your browser ?


Links not working for me either on Chrome.
Showing as below:

%22https//www.simpletrader.net/signal/2370/signal.html
%22http//www.connectforex.com/signal/2370/ASTA---institutional-quality-signals.html

« Last Edit: October 12, 2014, 11:33:29 PM by jonpearce »

Offline petermatt

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Re: ASTA Signal Service
« Reply #32 on: October 13, 2014, 02:34:59 AM »
Haha... next DD will come for sure  ;)

Happy to welcome you as an investor as soon as you are ready to jump in.


Cheers,

Prof   :)

Links in signature not working

his myfxbook works for me just fine. maybe your browser ?

Not the myfxbook link  but the other 2 links below it in his signature. They don't work for me either (Firefox).

Offline nugen

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Re: ASTA Signal Service
« Reply #33 on: October 13, 2014, 12:49:35 PM »

I will answer some of our question from the private message as well:
The MAM will be run at GP. Performance fee would be set at 20%. Have to talk to Jeremy, but i would like to implement a feature of not charging performance fee until the investors requests a withdrawal. So the performance fee would be based on the last equity high of the investors account and is then charged as soon as the investors withdraws money/profits. Min. deposit should be very low, i am aiming at $1k max. This MAM should be open for small retail investors as well and the min. deposit is needed to be low enough to make it affordable for pretty much anybody. Of course there wont be any withdrawal fees.

Monthly return and DD depend on the used risk profile. For the risk of the signal master, trading is stopped at 35% (equity!) draw down. That said, you can expect a return/DD-value of well above 3:1 on a yearly basis.
Please keep the risk in mind. On the signal master risk profile draw downs in the ballpark of 10-15% are hit on a regular basis. So you need to adjust your risk settings on the signal service or the deposit in the MAM to make sure you do not freak out when these kind of draw downs are hit.

Hi Prof,
Can you clarify your first statement above, ie has MAM been setup at GP yet (with Jeremy)?
I am interested in joining.

Also, I don't understand discussion on risk level in your 2nd para above.  That is, how do I vary risk within a MAM, after all, doesn't risk level apply equally to all connected accts ...based on pre-selected proportion to master account.
For example, if I start with $8k, how does this relate to Master acct size?) ...or does your statement only apply to signal service (where you adjust via multiplier settings).

Regards, Nugen

Offline Prof.

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Re: ASTA Signal Service
« Reply #34 on: October 13, 2014, 08:03:45 PM »
Sorry friends... Should have checked the links. Now they are working.

For nugen:
MAM is not set up yet. We are working on it. FxPig will be available as well. They have shown an outstanding support and service. Have yet to see a single customer who is not happy with them.

You will likely not be able to adjust the risk on the MAM, as this might screw up your net positioning. So you (and all other investors) are at a fixed risk that can not be altered. Well, at least if you only look at the relative risk of your account. Although you are easily able to adjust your absolute risk (in terms of USD) through appropriate account balance.
Just a small example: You do not want to risk more than 1000 from your 10000 overall account. That equals a 10% max. draw down. Now you want to join a managed account, that is running a worst case risk of 50%. To maintain your set max. absolute risk, you only deposit 2000 in the MAM, because 50% of 2000 still matches your desired risk.

The WCS risk of the MAMs will be set higher than the signal master account. Mainly due to the fact, that the MAM is forced to run on a single currency (likely USD) and thus many investors might need to hold their accounts on a different base currency, which takes a risk by itself. With a higher overall relative risk, investors need a smaller account to risk the same absolute amount of money. On the other hand this setup requires periodical withdrawals and proper risk management from the investor (knowing your limit and stick to it, instead of overleveraging your assets and fall into panic as soon as the systems performance dips into a draw down).

Hope i could answer your questions.



Cheers  :)

Offline nugen

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Re: ASTA Signal Service
« Reply #35 on: October 14, 2014, 01:10:10 AM »
Thanks Prof.
Will await further details.
Will be interested to see what risk level, based on WCS, is set at.
Am happy to go with GP (as I have current funded acct ready to assign).
Regards, Nugen

Offline Prof.

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Re: ASTA Signal Service
« Reply #36 on: October 14, 2014, 04:41:30 PM »
WCS draw down for the MAMs will be likely set at 50% (up from 35% WCS DD of the signal account). Please keep in mind, that this isnt a risk profile usually running on higher net worth accounts. Clients with +$1m usually require a max. WCS DD of 10% to make a true hands-free investment solution. With the higher risk setting of the soon to be released MAMs, you should think about periodical withdrawals at equity highs.


Cheers  ;)

Offline Prof.

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Re: ASTA Signal Service
« Reply #37 on: October 17, 2014, 08:30:52 AM »
Hi.
Nice performance....
Can't wait you loose much or are in big DD to join.... :)
Joking :)

Well, it took a few days but your dreams came true  ;) Currently sitting on the long awaited draw down/correction. This might be the situation many people were waiting for.

Additionally the Global Prime managed account is now available. The performance fee is discounted to 20% and the min. deposit is set to $1000 to give people the chance to reserve a seat and lock in the lower performance fee. The 20% fee will be locked in on your account forever (regardless of your first deposit size and future account size), while the performance fee for newer clients will be raised in the near future. Here is the sign up link (will put it in my signature as well):
https://globalprime.eappform.com/Initiate.aspx?Adviser=FOREX&PCode=ASTA

The trading agent is a good friend of mine, but the system will be exactly the same (besides the risk profile setting the WCS draw down to 50%).

Another managed account at FxPig will be available as well, likely somewhere in November.


Cheers  :)

Offline Tyler

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Re: ASTA Signal Service
« Reply #38 on: October 17, 2014, 08:38:27 AM »
Hi Prof,
as I see the equity is still at 106%, am I miss something?
Cheers.
Hi.
Nice performance....
Can't wait you loose much or are in big DD to join.... :)
Joking :)

Well, it took a few days but your dreams came true  ;) Currently sitting on the long awaited draw down/correction. This might be the situation many people were waiting for.

Additionally the Global Prime managed account is now available. The performance fee is discounted to 20% and the min. deposit is set to $1000 to give people the chance to reserve a seat and lock in the lower performance fee. The 20% fee will be locked in on your account forever (regardless of your first deposit size and future account size), while the performance fee for newer clients will be raised in the near future. Here is the sign up link (will put it in my signature as well):
https://globalprime.eappform.com/Initiate.aspx?Adviser=FOREX&PCode=ASTA

The trading agent is a good friend of mine, but the system will be exactly the same (besides the risk profile setting the WCS draw down to 50%).

Another managed account at FxPig will be available as well, likely somewhere in November.


Cheers  :)

Offline alidubai

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Re: ASTA Signal Service
« Reply #39 on: October 17, 2014, 08:47:52 AM »
I think they were +5% for this month but took some loss this week maybe.

Offline Prof.

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Re: ASTA Signal Service
« Reply #40 on: October 17, 2014, 08:57:21 AM »
Please stop looking at the balance/booked trades or the floating profits. There will be pretty much always floating profits and a draw down is not always happening when floating profits are near zero. Just look at 29. September, where we had almost zero floating profits but were still very near all time highs.

When i talk about highs, lows or draw downs, i always refer to the equity! This is the figure you have to look at. The equity is the true value of your account, not the balance. So equity is now a good bit under the last equity high and thus we are in a draw down.

Hope i could explain to you how to look at this system. If there are still questions, do not hesitate to ask.


Kind regards
« Last Edit: October 17, 2014, 09:00:12 AM by Prof. »

Offline alazarus

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Re: ASTA Signal Service
« Reply #41 on: October 24, 2014, 03:44:24 AM »
Hi Prof,

Is there something wrong with the EA - I seem to have repeated trades for AUDJPY buy and sell..


Offline Candlestick

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Re: ASTA Signal Service
« Reply #42 on: October 24, 2014, 07:16:20 AM »
Be very careful with this signal. The drawdown is not so large at the master account,but likely be more that 2 times larger on clients accounts. I have this signal on my test account and it literally takes hundreds of small losses for last two weeks. I have it 1:1 and it has cost me close to 15% drawdown.
The EA trades extremely often, hundreds of small losses + commission will eat your account very quickly when EA is in drawdown.

Offline Prof.

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Re: ASTA Signal Service
« Reply #43 on: October 24, 2014, 07:26:18 AM »
I have answered the same question on Simpletrader. Will just quote my own statement:

Quote
There was a change in the order books / order flow of the AUD pairs. This happened in the beginning of October (as you can see on the increased trading volume). We investigated and checked it, while we found out there is somebody scalping heavily against it and therefore bringing "noise" into the signal. These many tiny trades are there to take advantage of this, but at the end the flow on these pairs are still a bit flawed. But i can assure you, that even without this aggressive trading, we would still sit in trouble with AUD pairs (especially AUDJPY and AUDUSD, as they are a mess currently).

What you can do is monitoring the performance on your account compared to the signal master. The copier delay might be a problem. If you dont like these trades (or receive worse net pip results), you can think about disabling (or reducing lot sizes on) AUDJPY and AUDUSD for a while. At least until the flawed order flow settles or we can go back to less aggressive trading on these pairs. Draw down without these two pairs would be a lot lower, but keep in mind that this is kind of curve fitting, but could be a doable option in this signal service environment.


Hope these information are answering your questions and shed some light on the current situation.


Feel free to ask any further questions.


Kind regards  :)

Offline Prof.

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Re: ASTA Signal Service
« Reply #44 on: November 02, 2014, 04:28:42 PM »
Dear subscribers and former subscribers,

 this message is directed to all people once connected to the ASTA signal service through Connectforex/Simpletrader (will send a notification throug E-Mail to follow this post). If you do not want to read the whole message, start at the bold letters.

 Over the past weeks we have noticed many (new) subscribers to cancel their subscription (often in the trial period). I did not understand that, because drawdowns were very clearly stated as absolutely non-avoidable in the signal description. Even the depth of drawdown wasnt too frightening, as we were not even close to the cut-off point. So for those of you who are still following the signal: You should now sit on a meaty floating profit in your account. If you had any sense of panic or were worried with the recent drawdown, please consider closing the trades, reduce your risk significantly and start over again. I have noticed, that many who canceled plainly over leveraged their accounts and started to panic - basically starting on highs and cutting the signal at the lows. Thats the typical workflow of retail traders who are prone to lose money. Additionally i have received a message from a former subscriber stating that he/she (private details are obviously kept secret) is looking for a system that returns a profit every single month. Let me tell you the truth: This is not possible! There is not a single trader in this world who can increase your equity every single month. Do not get fooled by increasing balance with closed profits and open losses or fishy trading techniques like grids, martingales etc.
 Performance should be measured at least on a quarterly basis and ASTA is able to be profitable over this period most of the time (9 of 10 times). That said, industry standard is a 6 months period and above and this system proved to be profitable over these periods pretty much every time for the past years.

Now here come a few additions to the signal:
 I have noticed that many people following the signal have problems to scale/compound and following when starting up. The max. drawdown cut off point of 35% is still remaining, but it is now based on the last (closed) balance high! So calculating your risk now requires you to look at the last balance high and eventually the balance drawdown. Additionally the system scales automatically, so with growing balance the absolute risk increases as well, because of the system scaling on the new balance high.
 Just a quick calc example: Balance high was at about GBP1550. The drawdown with a current balance (GBP 1380) is then about [1-(1380/1550)]*100 = 11%. That is on par with the drawdown shown in myfxbook. That said, drawdowns in the ballpark of up to 15% are completely usual and common. They can happen several times a year, while drawdowns of 20% and above are a bit less common (was not hit too often in the past years).
 Back to the scaling: The system scales with growing account balance, which means it switches its behavior of trading to be on par with the increased allowed absolute risk level. Please note that scaling is possible with constant position sizes as well. Just think about 1 lot on several currencies does not hold the same risk in terms of money per pip nor do they categorize in the same risk level on different market environments.
 This drawdown measurement takes place immediately, so you might think about reconfiguration of your risk setting. There are still about GBP400/$600 absolute drawdown "left" per 0.01 lot.
 Additionally i do not recommend to copy any open trades from the get go. Just attach the receiver EA and start following the system. You will only receive trades with a better entry and new ones, but this seems to be less stressful for followers and your account is still likely to be in sync within a few days or weeks.
 Do i still think that it is a good entry? Yes, i do. Actually i thought more people would jump on board within this drawdown. So after these information, you might think about it again.

 The signal description on Connectforex/Simpletrader will be updated shortly. Please excuse me for sending this message to your private mail, but it is a rather important information and i need to be sure you are all aware.


 Kind regards and wish you a nice start in the week,

 Prof.  :D

 

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