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Author Topic: Auto Managed Forex  (Read 4467 times)

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #15 on: January 11, 2019, 06:08:35 PM »
Further to this. Managing funds is a serious business where transparency is extremely important. Would you be willing to tell our community your full name, and the country you reside in? Do you also trade unlicensed (I am talking about you, not your broker), or do manage people's money with any kind of license?

Not judging either way, but stepping in to the light like this is best done by being transparent and owning your project, and letting us know who you are? Linkedin profile is a great option. Staying secretive is obviously worrisome in managing capital. You need to give this, plus much much more for in the institutional space. You won't get big money with professional investors without it and can hope for a few tiny deposits here and there. Again otbhk is a good example of transparency on who he is, not hiding his trades, and what he is doing. People like transparency with investments.

Offline AutoManagedForex

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Re: Auto Managed Forex
« Reply #16 on: January 12, 2019, 12:16:34 AM »
Jwatts7701, thanks for your posts.  All valid points.  If you've read our website, you know we've been involved in the financial markets for more than 20 years as day traders, managed account traders and fundraisers. We've been burned more than a few times over the years by the "wolves in sheep's clothing" you've mentioned.  We empathize with your points and truly understand where you're coming from.  Through the relationships we've built along the way with high net worth investors and key individuals at hedge funds and family offices, we've come to understand what smart investors are looking for.  That's the main reason we sought out and developed a relationship with the TranscendentFX trading group.  Please see the Performance page on our website for an overview of how we developed that relationship: https://www.automanagedforex.com/performance/

Regarding the main point of your first post.  You are right.  Smart investors are very concerned about position sizing and risk exposure.  As mentioned in our previous post, for the reasons listed, the trading group is unwilling to unlock the trading history.  However, the "lots" field IS open and you can see that in the 16 months of trading on our $20,000 master account there has only been a total of 139 lots traded after 2,708 trades.  That's an average trade size of just 0.05 lots per trade on a $20,000 account.  Also, in our previous post we did clearly mention that the TrascendentFX strategy "incorporates hedging while seeking breakouts to either side of the market".  The trading group is aware that anything can happen at any time in these markets.  For example, they had 6 open positions in the GBPAUD during the flash crash that just occurred on January 3rd.  However, their net exposure to either side of the market was minimal, and a small profit was booked.

Regarding your comment of floating drawdowns and no losing months.  As we mentioned in our previous response to Flechdrop, the floating drawdowns are directly related to the fact that the strategy incorporates hedging.  Also, we don't mention anywhere on our website or on this forum that there are "no losing months".  A "newbie" may think this at first glance at the myfxbook pages and widgets.  However, experienced investors can clearly see the floating equity drawdowns from month to month.  Nothing is hidden.  We even mentioned in our previous post the importance of looking at the "equity growth" line on myfxbook, rather than the balance "growth" line.  We clearly emphasize a focus on annualized equity growth.  "Smart investors" are more long term oriented and are not scared of losing months along the way.  They are interested in consistent annualized equity growth with well controlled risk exposure.  We're grateful that the TranscendentFX trading group delivers on both.

Please feel free to send a PM here on the forum or call us via the number on our website if you wish to discuss business in more detail.

Warm Regards,
AutoManagedForex
https://www.automanagedforex.com/
« Last Edit: January 12, 2019, 12:30:49 AM by AutoManagedForex »


Professionally Managed Forex Accounts

Professional traders targeting 20% to 30% annual gains*.

*Note: 2018 Actual Performance: +26.17%  Max Risk: -8.65%.  Clients with a higher risk tolerance can choose to have their account traded at up to two times the leverage of our personal accounts, effectively doubling their returns as well as their overall risk exposure.

Watch our accounts grow until you feel comfortable to open your own account.

Accounts managed at ATC BROKERS LTD, a premier brokerage firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Visit our website for full details:

https://www.automanagedforex.com/

Offline AutoManagedForex

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Re: Auto Managed Forex
« Reply #17 on: January 12, 2019, 12:25:44 AM »
Further to this. Managing funds is a serious business where transparency is extremely important. Would you be willing to tell our community your full name, and the country you reside in? Do you also trade unlicensed (I am talking about you, not your broker), or do manage people's money with any kind of license?

Not judging either way, but stepping in to the light like this is best done by being transparent and owning your project, and letting us know who you are? Linkedin profile is a great option. Staying secretive is obviously worrisome in managing capital. You need to give this, plus much much more for in the institutional space. You won't get big money with professional investors without it and can hope for a few tiny deposits here and there. Again otbhk is a good example of transparency on who he is, not hiding his trades, and what he is doing. People like transparency with investments.

Thanks again for your posts.  As mentioned in the previous post, we've been at this a long time and we welcome your questions and comments. 

Prior to asking for an introduction to the forum, we did contact Donna with our personal details (phone, email, Skype, location) and she has them.  She did not ask for them, we volunteered them up front.  We do not plan to share them publicly here on the forum.
   
Please fully read our website and Terms of Service: https://www.automanagedforex.com/terms-of-service .  Some of your questions are answered there.  AutoManagedForex is not the trading group.  We are an introducer and we ourselves are fellow investors in the TranscendentFX managed account.  The $20,000 master account is funded by us.  This is explained on our website.  We do have a vested interest in the careful management and risk control of our account as well as our clients. We are currently the exclusive introducer to the trading group.  Outside of the trading group's own institutional investors, the only way to access their trading services is to subscribe to the TranscendentFX managed account at ATC Brokers. 

This is not a new Managed Account Program.  Our first clients came on board in October 2017 when the Managed Account was first launched at ATC Brokers.  They were with us when the TranscendentFX trading group traded for us in 2013-2014 (see our Performance page for details).  At that time they were managing $2.5 million for us.  We are not new to this and we understand what clients are looking for.   

If you would like to discuss things further, please PM us here on the forum or call us via the number listed on our website.  In this business it's all about who you know and building relationships. We have a good relationship with our clients and many of our larger clients we've introduced directly to the trading group. 

Warm Regards,
AutoManagedForex
https://www.automanagedforex.com/


Professionally Managed Forex Accounts

Professional traders targeting 20% to 30% annual gains*.

*Note: 2018 Actual Performance: +26.17%  Max Risk: -8.65%.  Clients with a higher risk tolerance can choose to have their account traded at up to two times the leverage of our personal accounts, effectively doubling their returns as well as their overall risk exposure.

Watch our accounts grow until you feel comfortable to open your own account.

Accounts managed at ATC BROKERS LTD, a premier brokerage firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Visit our website for full details:

https://www.automanagedforex.com/

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #18 on: January 13, 2019, 11:50:57 AM »
Aaaaaand... you completely just danced around the questions with a bunch of mumbo jumbo lolol.  :o

1. Taking the total lots and dividing them by the total trades is pointless ... unless you trade fixed lots? I can only guess by the equity curve that you do not. So your formula if that is the case would be absolutely useless. This is why I mentioned here that this community requests this information because it is smart traders here. You could easily be trading like this with lot sizes 1, 1, 1, 2, 4, 8. But we will never know until you commit to transparency.

2. We understand now that you are an IB and not a trader. But that shouldn't discourage you from being transparent?

I would never touch this personally, but I am just trying to give you some tips to have better luck with the community here. As they will always prefer transparency when it comes to fund management.

Your average monthly gross profit = around 1.9%. You charge 30% performance fee and 2% mgmt fees (management fees are rarely charged anymore these days FYI). That takes your net return to an investor down to just a little over 1% a month; and with a total lack of transparency.

Again I would recommend having a look at OTBHK as a trading model. He is not perfect either, but he is setting the bar very high in the transparency department which has really been lacking in this industry. On his returns even if you reduced his risk by about 5x to match yours his overal profits are still about 4x higher. Plus we know who he is (transparency). Plus he shows the risk/position size he is taking on trades (transparency). Plus you don't have to pay both performance fees and management fees if you get the signal.

3. You didn't reply about licensing. Are you running your IB business licensed, or unlicensed? And is this required/legal to solicit investors given the country that you reside in?

Help us help you.

Thank you.

Offline Humble Trader's Fx

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Re: Auto Managed Forex
« Reply #19 on: January 13, 2019, 01:11:48 PM »
Aaaaaand... you completely just danced around the questions with a bunch of mumbo jumbo lolol.  :o

1. Taking the total lots and dividing them by the total trades is pointless ... unless you trade fixed lots? I can only guess by the equity curve that you do not. So your formula if that is the case would be absolutely useless. This is why I mentioned here that this community requests this information because it is smart traders here. You could easily be trading like this with lot sizes 1, 1, 1, 2, 4, 8. But we will never know until you commit to transparency.

2. We understand now that you are an IB and not a trader. But that shouldn't discourage you from being transparent?

I would never touch this personally, but I am just trying to give you some tips to have better luck with the community here. As they will always prefer transparency when it comes to fund management.

Your average monthly gross profit = around 1.9%. You charge 30% performance fee and 2% mgmt fees (management fees are rarely charged anymore these days FYI). That takes your net return to an investor down to just a little over 1% a month; and with a total lack of transparency.

Again I would recommend having a look at OTBHK as a trading model. He is not perfect either, but he is setting the bar very high in the transparency department which has really been lacking in this industry. On his returns even if you reduced his risk by about 5x to match yours his overal profits are still about 4x higher. Plus we know who he is (transparency). Plus he shows the risk/position size he is taking on trades (transparency). Plus you don't have to pay both performance fees and management fees if you get the signal.

3. You didn't reply about licensing. Are you running your IB business licensed, or unlicensed? And is this required/legal to solicit investors given the country that you reside in?

Help us help you.

Thank you.


Excellent,  response and summary, jwatts7701.

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline AutoManagedForex

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Re: Auto Managed Forex
« Reply #20 on: January 14, 2019, 08:04:35 PM »
Aaaaaand... you completely just danced around the questions with a bunch of mumbo jumbo lolol.  :o

1. Taking the total lots and dividing them by the total trades is pointless ... unless you trade fixed lots? I can only guess by the equity curve that you do not. So your formula if that is the case would be absolutely useless. This is why I mentioned here that this community requests this information because it is smart traders here. You could easily be trading like this with lot sizes 1, 1, 1, 2, 4, 8. But we will never know until you commit to transparency.

2. We understand now that you are an IB and not a trader. But that shouldn't discourage you from being transparent?

I would never touch this personally, but I am just trying to give you some tips to have better luck with the community here. As they will always prefer transparency when it comes to fund management.

Your average monthly gross profit = around 1.9%. You charge 30% performance fee and 2% mgmt fees (management fees are rarely charged anymore these days FYI). That takes your net return to an investor down to just a little over 1% a month; and with a total lack of transparency.

Again I would recommend having a look at OTBHK as a trading model. He is not perfect either, but he is setting the bar very high in the transparency department which has really been lacking in this industry. On his returns even if you reduced his risk by about 5x to match yours his overal profits are still about 4x higher. Plus we know who he is (transparency). Plus he shows the risk/position size he is taking on trades (transparency). Plus you don't have to pay both performance fees and management fees if you get the signal.

3. You didn't reply about licensing. Are you running your IB business licensed, or unlicensed? And is this required/legal to solicit investors given the country that you reside in?

Help us help you.

Thank you.

Thanks again for your post.

1) The TranscendentFX trading group DOES trade fixed lot sizes on each set of trades of between 0.04 lots per trade to 0.06 lots per trade on our 20K master account depending on their view of the markets at time of entry.  For reasons previously posted, the trading history will remain closed.  Based on the myfxbook link of the one PAMM that you've mentioned here on DonnaForex that you follow (which is an excellent product by the way), we believe you understand that some traders prefer to keep their history locked.   

2)
a) We've made this clear from inception of AutoManagedForex in 2017 and it's clearly stated throughout our website.
 
b) Regarding transparency, as previously stated, prior to being introduced by Donna to the forum, we provided her our full personal details.  We feel this is enough for the forum, and we won't be posting our personal details here.  Clients can contact us by phone via our website, and also speak with the broker throughout the account setup process.  To most clients, next to seeing a verified track record, the most important aspect is knowing their funds are held in their own account at a reputable and strongly regulated broker.  In the case of the ATC BROKERS PAMM Plus platform, they are further able to control participation levels and set a stop equity loss limit on their account.

c) We are completely fine if you are not personally interested.  We are simply providing folks with an opportunity to monitor the ongoing results of the TranscendentFX Managed Account on our personally funded $20K master account at an FCA regulated broker, and then judge for themselves as time goes on whether or not they wish to subscribe.

d) We don't feel it's appropriate to mention or promote other vendors on someone else's forum topic (Donna I think agrees with this). However we feel it is necessary to set the record straight regarding your claim about our performance in comparison to other vendors.  Anyone can use the available "Custom Analysis" tool on myfxbook to see for themselves.  Using the myfxbook page from either the vendor you mentioned, the other vendor whose PAMM you said you currently subscribe to, or any other myfxbook link:  Input the starting date as October 1, 2017 (which is the starting date of the TranscendentFX managed account) and analyze the performance through today's date. Then take a look at the total gain and max drawdown.  Adjust for the max risk taken, and then compare which program has the superior risk adjusted return as of today had you invested with each program at the inception of the TranscendentFX program.  Please also adjust for our 2% annual management fee.  This will give you a TRUE and ACCURATE answer as to how we compare with other vendors.  It's always best to compare apples to apples.
 
3) We have previously referred you to our terms of service page on our website which clearly answers this question.  We are not required to be licensed according to our business model in the country in which we reside.  Most of our clients are comfortable having access to a managed account that is offered at an FCA regulated broker who banks with Barclays.  However, for clients of 500K and above we can provide an introduction to have their account traded under the umbrella of a fully regulated and licensed fund structure.

Warm Regards,
AutoManagedForex
https://www.automanagedforex.com/
« Last Edit: January 14, 2019, 08:17:08 PM by AutoManagedForex »


Professionally Managed Forex Accounts

Professional traders targeting 20% to 30% annual gains*.

*Note: 2018 Actual Performance: +26.17%  Max Risk: -8.65%.  Clients with a higher risk tolerance can choose to have their account traded at up to two times the leverage of our personal accounts, effectively doubling their returns as well as their overall risk exposure.

Watch our accounts grow until you feel comfortable to open your own account.

Accounts managed at ATC BROKERS LTD, a premier brokerage firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Visit our website for full details:

https://www.automanagedforex.com/

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #21 on: January 16, 2019, 06:10:59 PM »
That helps a little bit on the lot size, we would just need to know how many trades per pair are taken and how many pairs open at once to get an idea of risk. It is painful trying to speculate though vs just showing where people could understand in a matter of minutes. Plus we have to take your word on this, because you are being non-transparent.

Perhaps I can recommend opening your history for a week or so for those interested? And then closing it down after that?

Sorry if these questions are difficult. I understand that you are not a trader yourself (more a marketer/advertiser for other traders), and that this doesn't mean much to you. But again many folks here are traders themselves and this means something to them and shines a lot of light on the risk within strategy.

So to summarize we have>>>

> still not interested in being transparent with the trades.

>not a trader. But not licensed to be a marketer/IB/seller of traders in the country you reside (but we don't know where that is), but that you are not required to be (according to you).

> not interested in letting people know who is marketing the strategy to them (not even a name?) so you are not really assuming any accountability.

We aren't really getting very far here. Let me try a few other questions I guess instead.

1. Are you willing to let us know who the trader is so we can ask questions directly to them instead, so maybe we can get some more helpful answers directly from the source? Instead of through a marketer?

2. Do you or your trader (or any other IBs) earn commissions or a rebate on the volume?

3. Is your name, or the actual traders name on the LPOA? So we can eventually obtain some accountability from someone?

4. Can you provide the following for us please >>>

a) monthly NET return (after 30% fees + your 2% management fees)

b) compounded NET return PER YEAR, (after 30% performance fees + your 2% management fees)

This is so that we can see the NET amount (the real amount) that investors would make after you charge the hefty fees? I could not see this on your website anywhere.

Thanks again.

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #22 on: January 16, 2019, 06:23:03 PM »
However we feel it is necessary to set the record straight regarding your claim about our performance in comparison to other vendors.  Anyone can use the available "Custom Analysis" tool on myfxbook to see for themselves.  Using the myfxbook page from either the vendor you mentioned, the other vendor whose PAMM you said you currently subscribe to, or any other myfxbook link:  Input the starting date as October 1, 2017 (which is the starting date of the TranscendentFX managed account) and analyze the performance through today's date. Then take a look at the total gain and max drawdown.  Adjust for the max risk taken, and then compare which program has the superior risk adjusted return as of today had you invested with each program at the inception of the TranscendentFX program.  Please also adjust for our 2% annual management fee.  This will give you a TRUE and ACCURATE answer as to how we compare with other vendors.  It's always best to compare apples to apples.



My comparison earlier was just to show that you can get good returns WITH transparency to. That's all. For some people that is not important. For most it is through.

With regards to your remarks of comparison sakes. I will do as you say and make it apples to apples. But we need you to provide us with the NET return per month first and per year after your performance fees and management fees first (from my question in the earlier post). Until you to do that, we will just estimate these.

Lets take an honest EA vendor here such as Forex Cyborg, as they offer you can get as a signal or EA. The signal is probably a bit cheaper (1 pip) so lets use the EA in this comparison. And we will take OTBHK as well one of the other trusted and transparent traders here. This is not to say anyone is better than the other. Each one is very different. It is only to demonstrate an apples to apples fair comparison as you requested.

Cyborg Track Record: https://www.myfxbook.com/members/autotrade/forex-cyborg/2168587

OTBHK Track Record: https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-mt-cook-master/2206347

Lets adjust the start date for the above two, to Oct 1st 2017 (as you requested we do), and then we will make the end date Dec 31st (so all of 2018 as well). This is what we get>>>

Cyborg
Growth: 165.98%
Drawdown: -18.88%

OTBHK
Growth: 97.04%
Drawdown: -26.54%

Transcendence
GROSS Growth: 35.27%
ESTIMATED NET GROWTH 19%
Drawdown: -8.65%

* I am estimating that 35.27% gross return drops down to approx 19% NET after -30% and 2% management fees since these are charged PER MONTH, and will significantly hinder compounding when done so. This is just my rough estimate (and i will await your confirmation on this with compounding factored in). I should be close though.

If we then reduce Cyborg, and OTBHK's growth down to match the drawdown that you have (-8.65%) based on dividing their drawdown by yours and applying this value as a reducer to their growth this should give a very rough approximation of what we get... (compounding would mean this is not perfect).

Cyborg
Growth: 76.04%
Drawdown: -8.65%

OTBHK
Growth: 31.63%
Drawdown: -8.65%

Transcendence
Growth 35.27%
Drawdown: -8.65%

Lets assume a modest $50,000 investment. For the same amount of risk, heres the approx results...

Cyborg Gross Profit (@ 76.04%):  $38,022.43
Cost of EA: -$568 USD
VPS (15 months): -$450 USD
CYBORG NET PROFIT AT SAME RISK: $37,004

OTBHK Gross Profit (@ 31.63%): $15,813.79
Cost of Service ($79/month x 15): -$1,185 USD
OTBHK NET PROFIT AT SAME RISK: $14,628.79

Transendence Gross Profit (@ 35.27%): $17,635.00
Est. 30% Perf Fee + 2% MGT Fee: -$8,135 USD
TRANS NET PROFIT AT DEFUALT RISK:   $9,500.00

So a very ROUGH apples to apples would result in as follows for the 3 systems, with roughly the same amount of risk on a $50k investment.

Cyborg NET Return: 74%
OTBHK NET Return: 30%
Trans NET Return: 19%

Yours appears to come out last. Not for you though, as you stand to make a LOT of money on it if we are being honest with each other. But for the same risk, and for an investor, it comes out last. Again this is not to say any one system is better than the other. Just a very rough comparative analysis using apples to apples as you asked.

The real interesting part here, is that we played by your terms here (ex. your start date). The other two both have MORE history and proof than you do. Plus they aren't being secretive and they are transparent and people can see the trades.

That is the big point I was trying to make earlier. Simply that someone can get more bang for your buck elsewhere with much much much more transparency (which is what people want).

We will await your net returns and net compounded returns and hopefully you consider to show your trades for a week or so, and then make it private again.


Offline AutoManagedForex

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Re: Auto Managed Forex
« Reply #23 on: January 17, 2019, 08:25:06 PM »
We offer access to a quality Managed Account option following professional traders at a reliable FCA regulated broker.  We know there are other options out there, whether signals, EA's, or other Managed Account offerings.  When it comes to investing, it's always wise to diversify your portfolio.

We invite you to continue to monitor our $20,000 Master PAMM Plus account as we follow our traders with our own money.  Once you're comfortable, join with us and enjoy the results on your own account.

https://www.myfxbook.com/members/AutoManagedForex/transcendent-fx-master-pamm-plus/2272386

Warm Regards,
AutoManagedForex
https://www.automanagedforex.com/


Professionally Managed Forex Accounts

Professional traders targeting 20% to 30% annual gains*.

*Note: 2018 Actual Performance: +26.17%  Max Risk: -8.65%.  Clients with a higher risk tolerance can choose to have their account traded at up to two times the leverage of our personal accounts, effectively doubling their returns as well as their overall risk exposure.

Watch our accounts grow until you feel comfortable to open your own account.

Accounts managed at ATC BROKERS LTD, a premier brokerage firm authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

Visit our website for full details:

https://www.automanagedforex.com/

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #24 on: January 17, 2019, 09:50:14 PM »
Thanks auto managed. Can you please just answer the last few questions here? These are the last questions I have.

1. Are you willing to let us know who the trader is so we can ask questions directly to them instead, so maybe we can get some more helpful answers directly from the source? Instead of through the marketer?

2. Do you or your trader (or any other IBs) earn commissions or a rebate on the volume?

3. Is your name, or the actual traders name on the LPOA? So we can eventually obtain some accountability from someone? If so, who's is on it?

4. Can you provide the following for us please >>>

a) monthly NET return (after 30% fees + your 2% management fees)

b) compounded NET return PER YEAR, (after 30% performance fees + your 2% management fees)

This is so that we can see the NET amount (the real amount) that investors would make after you charge the fees? I could not see this on your website anywhere.

Online Pegasus FX

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Re: Auto Managed Forex
« Reply #25 on: February 04, 2019, 11:49:49 PM »
Very professional and well designed website. Excellent performance too. Will be keeping an eye on you guys. Keep up the good work

Offline jwatts7701

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Re: Auto Managed Forex
« Reply #26 on: February 05, 2019, 06:20:23 PM »
I just did the math for them (I am not sure if they know how to actually calculate compounded net return) as it seems they are hiding net returns (it is not on their site anywhere). This is the net compounded returns.

2017 NET compounded returns: 4.05%
2018 NET compounded returns: 16.11%

Max Risk: -8.7%

That is all based on 30% and 2% management fee. Someone can double check that. But I thing it is accurate. So about a 1:2 risk reward, which isn't bad.

They don't really have a long enough history to warrant charging a management fee yet. Better strategies or products that don't.

They could be receiving a rebate back from the broker as well, so basically they are making out like bandits on your investment. No transparency either. And no accountability (investors should demand to know who is personally managing their money). Those are the downsides.

Looks like they are holding a -9% floating drawdown right now, and always do hold floaters, which usually end up with problems in the long run (eventually) as we all know. A couple of -9% groups of positions back to back means they end up in a bit of hot water. They won't show either trades so we can see how they average or grid trade.

So you would need to be comfortable with that. To be fair though they are staying under -10% drawdown for now which probably most people can hopefully be ok with.

You can see above for the same risk, you make 2-4 times more money pretty easily. For the same risk, and with more history, and with transparency. But with charging a Performance Fee, a management fee, and possibly a cash back rebate these guys are making an absolute fortune on client deposits (likely more than 50% of the return end up with them). Without a rebate they are making a killing. With a rebate they would be making a fortune. So there is heavy incentive to bring investors.

There is definitely worse out there. But don't be fooled by them refusing to post net returns either. You can almost divide the return in half. The current 37% would drop down to like 20% net to you as an investor.

 

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