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Author Topic: Forex Manager DBA  (Read 30750 times)

Offline donnaforex

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Forex Manager DBA
« on: August 04, 2018, 11:16:37 PM »
Please welcome Forex Manager DBA to the forum.

Website: http://www.forexmanager.co.uk/performance.html

This account manager is offering a deposit guarantee for a few members if you are interested. I'll leave it to them to explain the terms of that.

If you have traded with Forex Manager DBA, please share your experiences in this topic, or ask any questions.
Follow DonnaForex on Facebook and Twitter.
 
If you need to contact me, email admin@donnaforex.com or Skype 'donnaforex' or PM via the forum.

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #1 on: August 05, 2018, 09:13:57 PM »
Hello Traders

Please take the time to read this intro as there may well be an opportunity here for you, family and friends.

ForexManagerDBA is our myfxbook profile https://www.myfxbook.com/members/ForexManagerDBA , aka Forex Manager Team.

We have been trading for almost 15 years and managing forex broker accounts for about 10 years.  Our first large PAMMs were setup in 2009 with the then-largest retail broker.  The PAMMs were highly successful, some over a 1000% profit with ~10% DD.  The broker had b-book type affiliation with LPs and we were highly profitable, therefore our relationship with the broker deteriorated and between 2011 and 2015 the PAMMs were all closed by the broker.  We then focused on our own funds and traded privately for our existing high net worth clients.

Why now go public?
1. The trading opportunity is now too great to pass.  A major upgrade has been made to our strategy - if we weren't before, we are now the best at this style of trading - there is little to no competition - cannot disclose details, but our recent accelerated performance does illustrate this. 
2. Significant increase in compatible platforms and brokers, including the ability to trade alongside clients own trading systems at select MT4 brokers.
3. We have already maximised our own funds and that of our existing clients and yet there is space for more accounts, particularly at select priority venues.

Minimum deposit required per account is $10k USD or equivalent in other currencies.  (Lowered from $100k that was in place for the last 5 years to make this opportunity available to retail traders).

Performance fee is 50%, not negotiable. Invoiced 1-3 times a year only - allows compounding, and provides you with confidence that we are here for the long term.  Many charge a monthly 30-35% performance fee, add indirect fees by increasing spreads and commissions, charge management fees, and yet have a normal low profit factor and poor reward to risk ratios - therefore many investors are likely to be paying more already.

Talk may be cheap, but please keep reading to see how we strive to provide assurance.

What makes our service unique?
1. Arguably the most profitable in both the short and long term, and our team have one of, if not the, longest public verified trading history.
2. No PAMM or MAM, instead we trade directly onto your account, for which you will have full live password access.  Sign our private agreement, open the account in your name, fund it and we trade for you.
3. Some like to use own signals, manual trading or EAs, therefore we will do our utmost to support your own trading on the same account that we trade, even host on our servers if you wish.  Our trades are easily distinguished from yours.
4. At least 10 years experience trading via API on various retail and institutional platforms.
5. Holding times are short and we are flat (no open trades) at least 99% of the time.  Psychologically draining open trade drawdowns don't exist as we do not hold positions.
6. Strategy is a proprietary algo that has a statistical edge without comparison.  Extremely high probability trading, high profit factor, and drawdowns being significantly low in relation to gains.
7. Scaleable for EACH Investor up to $1 million in deposits with the typical forex brokers and more with institutional.
8. Diversify! We encourage diversification with many suitable regulated brokers.  Broker solutions are also available for non-professional status traders affected by ESMA.
and;

GUARANTEED INITIAL DEPOSIT for 6 months or 100% gain - Terms to follow soon.

Guarantee:  We could set aside between $100k to $200k towards guaranteeing new client deposits.  Every 6 months or 100% gain would allow more clients to join with the guarantee.  Any suggestions?  Initially we had thought to cap the guarantee to $20k per new client, but instead we could make it a lump sum value and allocate it on a first come basis - we need a bit more time to finalise the terms.

Verification:
- The team member responsible for paying out the guarantee is willing to provide the following to Donna:  a signed letter confirming the guarantee terms, along with his KYC docs. If you wish, we can email your forum username, initial deposit amount and full name to Donna as a form of confirmation that you have been accepted for the guarantee.
 - Performance is already verified by our myfxbook, but if thats not enough we could add many more accs and allow Donna to verify some of our own and family accs via TeamViewer.  The name on many of these accounts will match that of the guarantor.
- Donna and this forum have no affiliation to our service and therefore should be suitable to verify.

Website: Yes its old, but please understand that its been many years since we paid attention to marketing.  It was built in about 2010 and hasn't been updated since 2014 or 2015.  The basics of the info displayed is sufficient for the time being.   Instead of updating it, we will create a new website.

Brokers, LPs and Platforms:  are an element of our strategy and we will not disclose on public forums which brokers we trade at and request clients to respect that.  We trade at many of the same brokers used by retail traders and most on this forum will have an account with at least one of them.  Contact us directly to discuss further, or just join our service as all is fairly straight forward and we will guide you step by step to the most profitable solutions. 

ESMA (EU brokers and residents):  Our team and existing clients are mostly professional status and without such restrictions, however we are here offering our service to retail traders and therefore will do our utmost to ensure you have plenty of suitable brokers to choose from.  We do require / prefer 'full' leverage conditions - please follow our guidance.   There is even a solution for US residents...

Deposit:  Minimum is $10k (or $9k if absolutely necessary), but please if you are high net worth, please don't waste your opportunity by depositing only minimums.  The preferred deposit per account is $20k-50k.

Contact:  Clients receive our Skype (emergency use only as we need sleep) and Email (preferred means of communication).  Clients with at least $100k initial deposit also receive mobile numbers.

Feel free to contact us here on the forum via PM or ForexManagerDBA@gmail.com or info@forexmanager.co.uk

Thanks

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Forex Manager Team
« Last Edit: September 23, 2018, 12:44:07 PM by HFT Group »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


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Online diyforexskills

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Re: Forex Manager DBA
« Reply #2 on: August 06, 2018, 01:56:06 AM »
Stats look impressive.
So if performance is averaging 8% pm and performance fee is 50%, then the investor is making around 4% pm??
(Your FAQ shows an example for 20% pm above high watermark. Now it is 50%?)
Information and product page - http://www.diyforexskills.com/forex-tools/




Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #3 on: August 06, 2018, 04:21:29 AM »
Stats look impressive.
So if performance is averaging 8% pm and performance fee is 50%, then the investor is making around 4% pm??
(Your FAQ shows an example for 20% pm above high watermark. Now it is 50%?)

Thank you.
Please excuse our old website as it hasn't been updated for many years, the statistics page is most likely based off one of our closed PAMMs.  By default the website diverts to myfxbook, however forum rules required a webpage and until the new site is up, this will have to do, apologies.  The FAQ on our Myfxbook should be more accurate and we can add more there if it will help.

Performance:  Your example is correct, but its difficult to estimate our performance on a monthly basis.  Since PAMMs closed we no longer charge a monthly fee, only quarterly or even annually for the long term clients, therefore we have an excuse to request that clients have longer term expectations.  Our strategy requires a lot of patience and persistence, some weeks or months an acc may not experience a single trade, but can still be extremely rewarding over a longer period of time.

An illustration: please take a look at this account  https://www.myfxbook.com/members/ForexManagerDBA/405-hl-vip-usd/2563181   (Note the recent 11% loss on this acc was due to the LP "mistakenly" slipping our order to worst possible price - yes they refunded half of the slippage with a deposit of $3717 (see history), but of course it ruined our pretty graph and statistics)
In just over a year it generated 2000% with 3% DD, however there were many months that barely had any trading activity
Our most recent new client joined and even after explaining all this, he still left 2 weeks later after no trades, days before we hit a home run, and won't be allowed back - this also explains why we have for so long stuck with our existing private clients, their internal referrals and of course our own funds.  However the system opportunity is now far too great to not share.

Perf fee: The website FAQ perf fee calculation Example is just that (and should be deleted, again apologies).  The PAMMs were initially around 35-40% fee, made our job easier and allowed smaller investors to join. However our API trading has been at 50% since around 2011 or 2012 when the first PAMM was closed.  It takes a great deal of resources to trade each account separately as we now do, but the positive is that the potential return is substantially greater on a $10k-50k account compared to a $1 mill PAMM.

Hope that answers your question.
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #4 on: August 06, 2018, 11:00:46 PM »
Dear Traders, below is more info on how the guarantee works.   Please contact us if you wish to see the latest version of the Guarantee Terms.


How to Join & have our system applied to your trading account:
Please sign our 2 agreements, open an account at 1 or more of our preferred brokers using our chosen IB instructions, fund account, send us login, we countersign the Terms, we trade your account and we invoice you 1-3 times per year for our share of profits.


Deposit Guarantee Overview:
> Its $9k USD (or equivalent) absolute minimum deposit per account as stated in the Terms. 
> The deposit guarantee is limited to $20k USD (or equivalent) per person/entity and for a maximum of 6 months from the Terms Start Date.  The limit of $20k per person is there to allow many to experience our service.
> It may also include ALL the accounts you provide for us to trade within that first 6 months. Therefore you may experience our service with minimal risk concerns. 
> Minimum investment term requirement is 6 months, in order to make this worth our while, as we not interested in short term investors.
> Profit share will be invoiced at the end of the 6 months, or before, but only if the profits are substantial.
> The Total Guarantee is limited to between $200k and $400k, first come first serve ie. our Guarantor's maximum exposure is $400k across all Holders - once the allocation is full, every few months there should be availability again for new Clients to join under the Guarantee. 
> Our Team contains at least 2 self-made-traders (from this same system traded over the last 10+ years) that have the financial means to support such an offer - one of them is providing the official Guarantor Agreement that is held (for your security and our privacy) by the DF Forum owner.


Guarantee - Client Scenario:
If Client were to have say 5 accounts that are added to their signed Terms prior to the 6 months End Date, and they deposited say $20k in each account, their net deposits is then 20k x 5 = $100k in deposits or starting equity traded by us, so their HWM equity is $100k (assuming they make no withdrawals).


Guarantee Example 1 - Payout, trading loss:
Lets assume that after 6 months, at the Terms End Date, and due to our trading losses (highly unlikely, but possible), the Client's total equity has dropped from $100k down to $75k, which would be 25k less than their equity HWM or net deposits.  We would then refund $20k of that $25k loss to the client's bank account, within 1 months of the Terms End Date, as the limit is $20k per person/entity no matter how many accounts or how much in deposits.


Guarantee Example 2 - No Payout, early exit:
If the Client accounts were below equity high and the client chose to either exit our service early or prevent us trading the accounts prior to the Terms End Date, then it will be a breach of the T&Cs and we will not be liable for any losses.  The reason for this is that the minimum investment term is 6 months, which provides us with a fair amount of time to recover any loss.


--

Forex Manager Team
« Last Edit: September 17, 2018, 01:03:35 AM by HFT Group »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline jwatts7701

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Re: Forex Manager DBA
« Reply #5 on: August 13, 2018, 01:20:33 PM »
let me start with some questions here.

1 Who are you? What is your name?
2 Are you licensed at all?
3 Do you live in the UK?
4 Can you show us a bio or resume or something, to show your experience?
5 Can a client meet in person you if they want to?

This all seems pretty shady to be honest. You used to manage accounts a long time ago, stopped, but have recently come back (to me that says you have blown out all your accounts and are starting fresh now).

People typically like to know who their manager is and feel comfortable about it when having funds managed by someone else. Otherwise just offer a signal? Look at the outsideTheBox PAM thread. He is as a perfect example of someone being very transparent in who they are and what they are doing. This is the way to do this and adds a lot of comfort for people.

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #6 on: August 13, 2018, 07:43:11 PM »
Hi  jwatts7701

Most of this has been explained in the above posts and on the website  and myfxbook FAQ.

let me start with some questions here.

1 Who are you? What is your name?

1. Name:  Already stated that Only Donna will be given our team representatives name and ID (notary copy) and signed guarantee agreement and she may only disclose that if we do not honour our guarantee.
There are many of us in our Team and no names will be provided on a public forum as we have a great deal invested with our trading across all our offered brokers and therefore will not be compromised just for the sake of it.  Donna will be provided Teamviewer access to that same Team members accounts to prove he has many hundred thousand in deposits spread throughout numerous venues.  As we respect your public privacy, we expect the same in return.  Obviously Clients will get to know some of our names and would have pay us perf fees every few months and therefore will be receiving some of our names and bank account details etc.  If you factor in our verified performance, offer a guarantee and that we only request perf fee payment 1-3 times a years....therefore we are the ones that need to be trusting of you...

2 Are you licensed at all?

2. Licensed:  No. We do have access to entities that are licensed and through which we could offer our service, but see no point to increasing our costs and creating further complexity - our priority is trading profitably, not paperwork. 

3 Do you live in the UK?

3. UK:  One of us used to, but no longer.

4 Can you show us a bio or resume or something, to show your experience?

4. Resume:  Myfxbook is our resume, we have a large number of verified and separately managed accounts.
Experience:  its extremely evident in our trading style and verified accounts that we know what we doing - we trade via API from our own GUI / platform and we made exceptional returns for the last decade.  We can make many more verified accs public if you wish, but how many is enough?

5 Can a client meet in person you if they want to?

5. Clients have been with us for a very long time, some since 2009,  so Yes we have met many of our Clients over the years, and Yes with $100k in deposits we will make a plan to meet you, but at $100k you would also have our direct contact mobile number.

This all seems pretty shady to be honest. You used to manage accounts a long time ago, stopped, but have recently come back (to me that says you have blown out all your accounts and are starting fresh now).

6. Shady:  The guarantee and the verified performance is unbelievably good, agreed, but rather that than having to deal with shady type scepticism.
Incorrect, we never stopped managing accounts since 2009, instead we stopped marketing and focused on existing Clients and their referrals.  Do you really think its possible to blow accounts without some public repercussion - we can understand your concern, but its not applicable here.  Dealing with scepticism is why marketing became low priority - and "comfort" is why we now offer a total rolling $200,000 guarantee, as it offers far more investor comfort than any license, name and LPOA.  We've managed millions since 2009 - the guarantee is well within our budget.

People typically like to know who their manager is and feel comfortable about it when having funds managed by someone else. Otherwise just offer a signal? Look at the outsideTheBox PAM thread. He is as a perfect example of someone being very transparent in who they are and what they are doing. This is the way to do this and adds a lot of comfort for people.

7.  Who's the manager:  Our Clients will learn over time and Donna may view some of our servers and our own real large money accounts, but we are not going to disclose details on public threads and to non-Clients. What we doing? It is clear that we are in the business of making money and LPs don't like that - we don't need more attention and how do we know which person that contacts us is not an LP that is digging for info.

8.  Signals:  we don't use EAs and there is slippage if you copy our trades, therefore prefer to trade directly to ensure the trading is carried out under our supervision.

If you have more questions, please let us know.

--
Forex Manager Team
« Last Edit: August 28, 2018, 06:20:44 AM by ForexManagerDBA »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline jwatts7701

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Re: Forex Manager DBA
« Reply #7 on: August 14, 2018, 01:17:16 AM »
You have been "managing millions since 2009"? Yet here you are soliciting investment on a forex forum?

You also wish to remain annonymous, meanwhile you cannot show any performance since 2009, nor the millions you are managing since then, nor have you made enough money to not need investors since then either.

With all due respect, most people on this forum are smarter than to fall victim to this


Offline jwatts7701

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Re: Forex Manager DBA
« Reply #8 on: August 14, 2018, 01:18:27 AM »
If you are not able to prove you have been managing millions since 2009, you will probably have better luck just being transparent and earning people's trust here, and trading for a while longer.

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #9 on: August 14, 2018, 08:07:27 AM »
If you are not able to prove you have been managing millions since 2009, you will probably have better luck just being transparent and earning people's trust here, and trading for a while longer.

Before you again decided to be negative and pile on false accusations and assumptions, please carefully read our above posts and look at our website performance page and our myfxbook page and the lengths we willing to go in order to verify.   All this has already been covered and with some effort you will see its already proven, but will try clarify here and verify further with this site owner soon.

Millions:  Yes we had PAMMs since 2009 at only one broker and combined they were in excess of $1 million - some generated over a thousand percent with less than 10% drawdown - naturally the balances became large and many were joining.  And of course since PAMMs were just a pool of the smaller clients, our private clients combined with our own capital amounted to much much much more.  With our (and most other) system execution on separately traded accounts are better than large pooled PAMM accounts, therefore we removed large Clients and traded for them privately.   Just the ONE team member account balance is verified at $350,000 on myfxbook...of course we manage millions if only 1 team members account many years ago was already a third of the way there and since then the performance has only continued and even accelerated. We are willing to verify the PAMMs myfxbooks with Donna ie. show the performance, balances and that we own the myfxbook page by login etc, so its not a matter of "IF", its imminent so long as Donna is willing.

You have been "managing millions since 2009"? Yet here you are soliciting investment on a forex forum?

You also wish to remain annonymous, meanwhile you cannot show any performance since 2009, nor the millions you are managing since then, nor have you made enough money to not need investors since then either.


You find it so easy to undermine by making short False accusation and Incorrect assumptions.

Millions again: It is clear to be seen on our website etc.  We did manage millions and have done for as long as we can remember, and still do, but only willing to verify the current "millions" with Donna, not the public. The privacy of our Clients and our own accounts is more important than pleasing critics.

Why we are now willing to take on $10k+ retail accounts? 
The following factors have increased our capacity to take on many more accounts, particularly retail accounts: 
1. Improvements to our system "edge" now make it the most successful of its kind. Performance should be enough proof.
2. Developments to our system "platform" allow us now to trade at many more RETAIL brokers than before - the full list of platforms and brokers is now huge and somewhat impossible to exhaust with less than $1 million, but we are a no profit = no fee type business, therefore request you join our priority brokers. 
3.  As we have been accepting only $100k+ Clients since the PAMMs closed many years ago and haven't bothered with marketing - we do have millions under management, but not really that many Clients since we have just grown there funds and own funds to large proportions.   
4.  Even millionaires prefer to "test" a service with $10k instead of $100k - many of our clients started in PAMMs with only a small deposit, recognised our system edge and then approached us with huge amounts.
5.  Many of the retail platforms and brokers perform best with smaller deposits ie. we can make as much on a $20k retail platform account as a $100k account on an institutional platform...
These are enough reason why we are willing to accept a limited number of retail Clients, make them good returns and hopefully they will remain with us for the long term.

With all due respect, most people on this forum are smarter than to fall victim to this

And some are so "smart" that they become blind.

Is any other service provider here able to offer such verified performance statistics and willing to verify with Donna their identity with notary copy ID and show their own accounts amounting to hundreds of thousand in USD and show on myfxbook that they have been managing since 2009 and show in live accounts on their servers that they have $millions now under management?  And throw in a $20k per person ($200k total) guarantee and prove they have the financial means to honour the guarantee ?   No, so please excuse us for taking offense...

One of the reasons why we offer you a a guarantee is because we UNDERSTAND the difficulty in finding professional service providers that deliver

Support?:  We are trying to support the retail trader that does not have access to this kind of system - try see this for what it is and help us improve the financial stats of the retail trader community.  The last cynic we had on a public forum is still searching for the perfect holy grail system, if he had just put aside ?jealousy/ego? for a while and paid attention to the verified performance and engaged constructively instead of attacking - he would have recognised a gem, joined and made substantial returns over the long term, but in the meantime that same cynic (and its now years later) is trading a martingale and encouraging newbies to do the same, while he is soliciting his IB business to them - yes we can verify that too.

We are hear offering an unheard of opportunity and willing to verify with the site owner directly.  If no-one joins, thats okay, we already have millions under management and growing continuously.   We understand the concerns that a majority of service providers come and go like the wind, however thats clearly not our game.

Hopefully some day we'll receive the opportunity to show you what its like to win consistently over the long term. 

In the meantime we will contact Donna to request verification.

Thanks
--
Forex Manager Team
« Last Edit: August 14, 2018, 09:27:10 PM by ForexManagerDBA »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline HFT Group

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Re: Forex Manager DBA
« Reply #10 on: August 14, 2018, 09:56:33 AM »
@ Forex Manager DBA

Please handle questions from members a little more diplomatically. You are here to provide information about your service and answer members questions.

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #11 on: August 14, 2018, 12:40:44 PM »
@ Forex Manager DBA

Please handle questions from members a little more diplomatically. You are here to provide information about your service and answer members questions.

Hi Jon

Wish they were just questions, but yes understood and will endeavour to do so, apologies.

Thanks
--
Forex Manager Team
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline petersurrey

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Re: Forex Manager DBA
« Reply #12 on: August 16, 2018, 12:49:26 PM »
Hi and welcome to DF - a few helpful pointers and please don't take this personally.

Your website looks very dated, not just because you are using 4-year-old historic trading records, but the overall layout, navigation fonts and images - just look at any decent brokers websites for guidance.

It is pointless posting historic trade records however numerous and decent they may be - it just raises suspicions as to why the accounts aren't still trading.

The live myfxbook record you post on DF didn't profit between November and June - very few investors would be that patient!  My guess is you employ a number of 'traders' from the variety of styles used - some using more risky strategies than others - rather than focusing on a set strategy or system which would be easy for investors to understand.

You also need a clear risk strategy communicated to potential investors - ie maximum exposure at any one time. One site already discussed on DF which could help with this is Darwinex ( no connection); which provides  a level playing field for all traders - ie it brings risk down to an acceptable 10% (VAR) based on historic trade records using live accounts.

Good luck!

Offline ForexManagerDBA

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Re: Forex Manager DBA
« Reply #13 on: August 17, 2018, 12:32:52 PM »
Hi and welcome to DF - a few helpful pointers and please don't take this personally.

Much appreciated for the welcome. 
Please understand that we have to reply to each of your statements to clarify or others will think all you said is so, or that its unexpected or unusual for our system.

Your website looks very dated, not just because you are using 4-year-old historic trading records, but the overall layout, navigation fonts and images - just look at any decent brokers websites for guidance.

Yes, we are the first to admit and have stated that its dated, however we have no need or care for a website and purposefully stopped updating it years ago and set it to automatically redirect to the myfxbook page (go to www.forexmanager.co.uk and it directs to myfxbook).  However we are making our old site performance page available as its a requirement on this forum to have a website of any kind and it at least shows how long we been around.   We don't want or need a lot more clients, just the few that recognise this opportunity now that we have reduced our minimums from $100k to $10k. Besides our clients will probably just get irritated that we advertising as they know it takes some attention away from their accounts - thats said, we did explain to them that we ALL need to maximise this current opportunity asap :)

It is pointless posting historic trade records however numerous and decent they may be - it just raises suspicions as to why the accounts aren't still trading.

You may think so, but for us its the norm and expected at select venues.  The accounts you see closed all either have zero balance (fully withdrawn and moved elsewhere) or another venue became more suitable and Client chose to relocate, or the account was disabled - disabling means cannot login to trade and therefore cannot update myfxbook again.  To clarify further - our trading makes money and does so in big lumps at times (at a higher frequency now with improvements as of June), and some LPs don't like losing so much so fast, therefore one or two occasionally disable accounts or force the broker to disable to try stop us trading, especially the one broker that have stated closed our PAMMs.

Some brokers will delay execution, change their instrument specifications, double the spread etc, even then we still profit but of course becomes less - therefore we have learnt to approach every broker in different fashion - very few, if any, traders use as many brokers as we do.  A broker like LCG in UK is one of the worst, as profitable accounts get placed on manual execution where you can wait 1 minute for a fill and they will make sure its at a worse price otherwise will reject the order.  ICM is an example of a fairly good broker as they refunded half of the 18 Jul loss on that #405 account.  Most of our trade losses are not because our system got it wrong, its usually because the LP has successfully managed to sabotage - this isn't retail MT4 trading with market execution, we use advanced order types.  It seems not many retail traders fully understand what happens behind the scenes when they place a trade, and how brokers are benefiting from trading without "officially" b-booking, and thats in addition to markup and commission, but thats another topic entirely and lets skip - besides we don't care much whether a broker is A or B book or profit share etc, thats their business, as long as they are well regulated, authentic on order execution (backoffice) and treatment of their clients (frontoffice).

Not saying the system is ideal, but it works and has done for over 10 years that we have traded it and we make a ton like this for our Clients and ourselves.  I can assure you we would not be receiving a continuous flow of accounts and manage millions and hundreds of accs over the last decade without a single negative client comment anywhere online.  We have also never requested a review and not going to get our clients to start posting on here to verify us, as we don't want them involved in a bombardment of skepticism...apologies, thats just how it is.

The live myfxbook record you post on DF didn't profit between November and June - very few investors would be that patient! 

Patience:  Indeed.  We make it clear with all clients that our system requires patience and persistence at some venues, but other venues don't require much patience and with our recent developments the trades are more frequent.  One reason 100k Clients are preferred is that it allows them to join numerous brokers and therefore their likelihood of always having trading action on a regular basis is high.  If it was so challenging our clients would leave, but very very few do.  Anyway, the most valued Clients are the ones that appreciate that its better to practice patience than experience the usual drawdown type strategies with longer holding times.

My guess is you employ a number of 'traders' from the variety of styles used - some using more risky strategies than others - rather than focusing on a set strategy or system which would be easy for investors to understand.

Incorrect guess.  If an experienced trader took the time to analyse the trade history over the years they would realise the system is the same.  There is only ONE system and we OWN the system and for over 10 years we traded it ourselves (have a team to trade and manage and check accs, feeds etc continuously) and have developments and feeds that beat all relevant competition.  Of course we cannot go further into detail because we may trust you, but not the primary source of our income...banks etc.  You would have to be a client to understand - there are no games or whatever.  Imagine how many would be selling our system if its was publicly available and as easy as an MT4 EA to apply...but its not.

You also need a clear risk strategy communicated to potential investors - ie maximum exposure at any one time. One site already discussed on DF which could help with this is Darwinex ( no connection); which provides  a level playing field for all traders - ie it brings risk down to an acceptable 10% (VAR) based on historic trade records using live accounts.

Our trading is not compatible with that broker's trader management platform.  However we have already been trading at that broker for many years and they know us and we have many hundred thousand there on an institutional platform - Donna can view to verify. 

Good luck!

Thank you and best wishes

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Forex Manager Team
« Last Edit: August 28, 2018, 06:17:36 AM by ForexManagerDBA »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

Offline ForexManagerDBA

  • 10 Years of managed accounts. Min $10-30k. Extremely high probability & positive RRR.
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    • Forex Manager Team
Re: Forex Manager DBA
« Reply #14 on: August 17, 2018, 01:47:39 PM »
Dear Forum Members,

Risk? 
- Leverage applied on these small (for us) retail broker accounts is higher than on $40k++ institutional accounts.  Why?  probability of a successful trade is extremely high, even with our highly positive reward to risk ratio system, and experience has taught us to make the most profit asap on a virgin account before providers begin their games. 
- Even then, a significant (-25%?) loss trade is rare, and recovery is usually fast!  No Clients forced to leave with a loss.  Over the long term all our Clients have made good returns.
- The $40k to 100k++ accounts on institutional platforms are traded more conservatively and on those a drawdown (DD) exceeding even 10% would be extremely rare (every few years).
- If you cannot risk at least $10k with our service, don't join. However, up to $20k is guaranteed so at least you may gain first hand experience of our service and trading, before risking your hard earned money. 
- If you sound risk averse, we'll most likely suggest that you halve the deposit and leave the rest in the bank.
- Custom risks cannot be accommodated as we trade too many separate accounts to then also manage who wanted what setting.  Instead, if you wish to lower your risk, then the easiest way to do so is to deposit less or to reduce your exposure in other investments, but the minimum is still $10k. 
- Please don't deposit your whole life savings with us unless it falls within the guarantee phase  :o

How much to deposit? 
- If you are high net worth and just testing ::) us, then don't waste this opportunity with only 10k...we suggest then to do 20k USD or equivalent in other currencies as a minimum at any one broker. 
- However we only trade multiples of $5k or 10k USD or equivalent as follows: $10k, 15k, 20k, 30k, 40k....100k etc USD or equivalent. 
- Therefore if you deposit $22k, its unnecessary as we will just round it up or, in this case, down...rather leave that extra 2k in your bank.
- And if you considering depositing say 10k or 20k EUR its also unnecessary, rather deposit 9k or 18k EUR as thats an appropriate multiple.
- Likewise, if you deposit say 8k USD and we accept, we will trade it as 10k, not negotiable...even a 5k is possible at select venues, but will most likely be traded as 10k.
- Lot sizes are a calculation that involves instrument margin requirement, balance, probability of success (yes determined before trading) and so forth.
- Maximum deposit per broker?  Varies by broker and platform.  There are too many variables to list here, but recommended deposit sizes vary between $10k (our min at retail brokers) to $500k (select institutional brokers).
- Maximum total investment?  1 million per Client can easily be accommodated - this is the approx level at which some of our team members invest.  You would then be well distributed with all the priority brokers.

Diversification?
 - Systems:  If you have a system that you wish to run, you may do so at select venues...in fact it actually supports our own system.  Joining other service providers may also be a way to diversify.
- Brokers:  We've been around a while, some of our team have been affected by broker insolvencies.  Even if performance on one of your accounts is great, please don't deposit more and more - instead consider that it may be wise to spread out the broker risk by distributing funds to other venues over time.

Broker to begin with? 
It makes sense to start with the higher leverage venues first during the guarantee phase, as the risk at the start is mostly ours.  Then later or when substantial profits, move some profits or deposit funds to lower leverage solutions, and over time you should grow and branch out across more venues.

Any other topics we should cover?

Thanks
--
Forex Manager Team
« Last Edit: August 17, 2018, 08:48:59 PM by ForexManagerDBA »
10 Years Verified Managed Accs. Min $10-30k. High probability & Positive RRR.

PAMMs from 2009 achieved 10% per month for 10% max DD:


SimpleTrader - #1 Ranking System
FxJunction - Validated Signal Provider

 

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