20-40% performance fee (with high watermark) for Forex traders
forex_trader_36599
Mitglied seit May 13, 2011
1341 Posts
Nov 09, 2011 at 04:18
great info Remus. Thanks for sharing
forex_trader_23106
Mitglied seit Nov 19, 2010
45 Posts
Nov 09, 2011 at 05:34
Hello Rumus, I have have a PAMM account managing funds for a few clients at FinFX 5k min. My goal is 20% per month min. with good months more. Max risk per trade is 3%. The last 2 months have been brutal but still green. Good months have been 50%+, poor months have been 10%. Email me and I will be glad to answer any questions. We can set up a phone call as well. I have a PAMM acct setup at Alpari US in NY as well for clients who dont want to go outside US but min acct. there is 10K to get the PRO acct. ECN. I have been trading for over 20 years, and former CTA commodity trader.
REAL = https://www.myfxbook.com/members/sgibbs2000/finfx-pamm-summitfx/147704
I was testing my system for a florida hedge fund and took a 100k acct to over 1Million in 10 mths with my system. (They said it was too much return for them). They want 3% to 5% per month.
REAL = https://www.myfxbook.com/members/sgibbs2000/finfx-pamm-summitfx/147704
I was testing my system for a florida hedge fund and took a 100k acct to over 1Million in 10 mths with my system. (They said it was too much return for them). They want 3% to 5% per month.
forex_trader_28881
Mitglied seit Feb 07, 2011
724 Posts
Nov 09, 2011 at 12:54
ROTFLMAO...
And you couldn't do it hey ?
Man that is funny.
And you couldn't do it hey ?
Man that is funny.
Nov 09, 2011 at 14:35
(bearbeitet Nov 09, 2011 at 14:42)
After filter of your list,only 3accounts are there deserving worthy to consider. All other accounts either deleted,no updating,no more trading or something like that. They are not fulltime people trading for a living for sure and must be wanting to be success traders in future.
Of the leftover accounts from your list,Alanfx1 has longest trading record of 3years history in below account. In my opinion even after consider the drawdown I think he will be safe because 3years without loss of account means he knows to survive and make profit in whatever market conditions. And same account for 3years.
Other 2accounts below are close to 1year. So maybe good to also consider.
Definitely not others in the list.
In forex only people who show they can survive and make profit in long period must be consider as safe traders.
Of the leftover accounts from your list,Alanfx1 has longest trading record of 3years history in below account. In my opinion even after consider the drawdown I think he will be safe because 3years without loss of account means he knows to survive and make profit in whatever market conditions. And same account for 3years.
Other 2accounts below are close to 1year. So maybe good to also consider.
Definitely not others in the list.
In forex only people who show they can survive and make profit in long period must be consider as safe traders.
NextLevelForex posted:
Alanfx1 / Tradingboy, REAL, https://www.myfxbook.com/members/Alanfx1/tradingboy-lab/43576
Had a series of losses in July, which led to a big DD. Other than that, looks good, and I'll watch it for a little longer.
Robin Hood Fund, REAL, https://www.myfxbook.com/members/RobinHoodFund/robin-hood-pamm/108473
Weird growth chart for Sep-Oct 2011, considering the DD reported is a lot smaller; will watch it for a little longer.
elbe17x / Roland, REAL, https://www.myfxbook.com/members/elbe17fx/elbe7fx/139552
A bit low on the Pips Expectancy front, but otherwise looks good; will watch it for a little longer. Got in touch with the trader, to explore areas for collaboration.
Happy trading,
Remus
Mitglied seit Apr 25, 2011
262 Posts
Nov 09, 2011 at 15:22
linc posted:
In forex only people who show they can survive and make profit in long period must be consider as safe traders.
Agree, longevity is very important to trading in general, and even to a generic business.
But I'm also looking for how easy is to communicate with the trader/account manager, how smooth the conversation goes, how open the trader is to admitting mistakes, and so on. He/she can have the best track record in the world, going back ages, but if I cannot build a relationship, I'm not interested.
And that's exactly the reason why I kept more than those long-history accounts in the list: some of the people showed a good amount of honesty, so I'm willing to give them time to become successful (that's because I believe honest people are as hard to find than profitable traders - the thing is a honest person can become profitable in time, if serious about the business).
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
forex_trader_36599
Mitglied seit May 13, 2011
1341 Posts
Nov 09, 2011 at 19:30
guys and gals
I really wonder what is in their mind the kind of traders are having %500 %1000 yearly gain with their accounts demo or real. does any of you think that is possible. do you think the Banks and big brokers are stupid that they dont use those systems for their clients. there is no such profit in the real world. that can be achived for a certain time period but then that will definetly be corrected by the market. when I say that 'will be corrected by the market' traders are getting offensive that how this will happen. if any system that making profit over ~%50 will definetly be corrected due the system has been OVER OPTIMIZED for that period. there are many deleted systems here MFB that blown. I dont believe any system that can make consistant profit over >50 yearly.
walker
I really wonder what is in their mind the kind of traders are having %500 %1000 yearly gain with their accounts demo or real. does any of you think that is possible. do you think the Banks and big brokers are stupid that they dont use those systems for their clients. there is no such profit in the real world. that can be achived for a certain time period but then that will definetly be corrected by the market. when I say that 'will be corrected by the market' traders are getting offensive that how this will happen. if any system that making profit over ~%50 will definetly be corrected due the system has been OVER OPTIMIZED for that period. there are many deleted systems here MFB that blown. I dont believe any system that can make consistant profit over >50 yearly.
walker
Nov 10, 2011 at 07:17
sgibbs2000 posted:
Hello Rumus, I have have a PAMM account managing funds for a few clients at FinFX 5k min. My goal is 20% per month min. with good months more. Max risk per trade is 3%. The last 2 months have been brutal but still green. Good months have been 50%+, poor months have been 10%. Email me and I will be glad to answer any questions. We can set up a phone call as well. I have a PAMM acct setup at Alpari US in NY as well for clients who dont want to go outside US but min acct. there is 10K to get the PRO acct. ECN. I have been trading for over 20 years, and former CTA commodity trader.
REAL = https://www.myfxbook.com/members/sgibbs2000/finfx-pamm-summitfx/147704
I was testing my system for a florida hedge fund and took a 100k acct to over 1Million in 10 mths with my system. (They said it was too much return for them). They want 3% to 5% per month.
wow sounds like you are really pro. You must be making millions by trading forex now eh?
Mitglied seit Apr 25, 2011
262 Posts
Nov 10, 2011 at 16:32
redbuddha posted:
sgibbs2000 posted:
wow sounds like you are really pro. You must be making millions by trading forex now eh?
redbuddha,
You registered to myfxbook just to post such a comment on my thread? If you feel like attacking people, please send them private messages. Posts like yours usually attract more people to join the conversation and show how much smarter than the next person each of them are...
I see you are trying to prove that sgibbs2000 is not as good as he says, to ultimately protect newbies from losing money with him, which in the end is a good intention. It would be much better if you would post something of value, like that you found he's using martingale (which he's not, I checked the real account).
All I want to do is keep the tread as focused to the topic of finding great account managers as possible. Thank you very much for your help in doing that!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Nov 15, 2011 at 08:45
I have over 30yrs experience in FX, before that I was working full time CTA at NIGERIA's stok market, due to my unbelevable returns of 1000% monthly, I decided to work for myself. Now anyone who wants to have managed account pls contact me, but there is the limit of minimum 1million required to be transfered to my bank account. ^^
Mitglied seit Apr 25, 2011
262 Posts
Nov 15, 2011 at 19:11
togu posted:
I have over 30yrs experience in FX, before that I was working full time CTA at NIGERIA's stok market, due to my unbelevable returns of 1000% monthly, I decided to work for myself. Now anyone who wants to have managed account pls contact me, but there is the limit of minimum 1million required to be transfered to my bank account. ^^
togu,
It looks like you are trading manually, with success (very short history, not many trades, but still, so far it looks good).
Why are you wasting time with comments like this? Is thread crapping the way you entertain yourself?
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Mitglied seit Mar 16, 2011
3 Posts
Nov 15, 2011 at 23:33
Remus, thanks for trying to sort this out and keep posts on topic,seems like there should be some more established managers somewhere---
Mitglied seit Apr 25, 2011
262 Posts
Nov 15, 2011 at 23:40
clarkinvestments posted:
Remus, thanks for trying to sort this out and keep posts on topic,seems like there should be some more established managers somewhere---
Now that's a much better way to spend your first post ;) Thank you, Clark!
Yes, I'm sure there are good managers out there, but what I figured is that the majority of the established ones don't spend time on forums or places like myfxbook. Given I see this quest as a long term effort, I'm ok if I can find only 1 great manager each year! (where 'great' for me means more than just having very good performance; the character of the person is equally important...)
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Mitglied seit Nov 15, 2011
61 Posts
Nov 17, 2011 at 09:31
Hi Remus,
I've opened a PAMM account last Sunday, I'd like to submit it to your list to monitor:
https://www.myfxbook.com/members/liquidityFX/pamm1/192513
It just started, so I'm sure it doesn't have much value yet, but I'm confident that it will not be a dissapointment :)
1) how long have you been trading for, any methods or systems
About 3 years, several systems and methods...I feel one should always pick the right tool for the job, and we all know the forex world has thousands of tools for thousands of 'jobs'. I learned this through trial and error...as in, I've lost money before I started gaining money in Forex. It's not easy, and quite important not to underestimate any single aspect of trading (spreads, execution times, broker, trade length, multiple TF confirmation, curve fitting EA's, emotions, volatile news etc etc).
2) how many trades / month does your current system generate
25-75
I'll answer the other questions at a later point once we have some historical data, hope this isn't too..'forward', it is honest though :)
I've opened a PAMM account last Sunday, I'd like to submit it to your list to monitor:
https://www.myfxbook.com/members/liquidityFX/pamm1/192513
It just started, so I'm sure it doesn't have much value yet, but I'm confident that it will not be a dissapointment :)
1) how long have you been trading for, any methods or systems
About 3 years, several systems and methods...I feel one should always pick the right tool for the job, and we all know the forex world has thousands of tools for thousands of 'jobs'. I learned this through trial and error...as in, I've lost money before I started gaining money in Forex. It's not easy, and quite important not to underestimate any single aspect of trading (spreads, execution times, broker, trade length, multiple TF confirmation, curve fitting EA's, emotions, volatile news etc etc).
2) how many trades / month does your current system generate
25-75
I'll answer the other questions at a later point once we have some historical data, hope this isn't too..'forward', it is honest though :)
When you fall you learn, then you get up and you try again until you master it.
Mitglied seit Apr 25, 2011
262 Posts
Nov 17, 2011 at 16:44
Thank you, I added you to my watchlist. Is that a cent account?
liquidityFX posted:
Hi Remus,
I've opened a PAMM account last Sunday, I'd like to submit it to your list to monitor:
https://www.myfxbook.com/members/liquidityFX/pamm1/192513
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Mitglied seit Nov 15, 2011
61 Posts
Nov 17, 2011 at 19:10
Thank you, I added you to my watchlist. Is that a cent account?
No, a standard PAMM account with LiteForex :)
When you fall you learn, then you get up and you try again until you master it.
Nov 18, 2011 at 01:56
NextLevelForex posted:
linc posted:
In forex only people who show they can survive and make profit in long period must be consider as safe traders.
Agree, longevity is very important to trading in general, and even to a generic business.
But I'm also looking for how easy is to communicate with the trader/account manager, how smooth the conversation goes, how open the trader is to admitting mistakes, and so on. He/she can have the best track record in the world, going back ages, but if I cannot build a relationship, I'm not interested.
And that's exactly the reason why I kept more than those long-history accounts in the list: some of the people showed a good amount of honesty, so I'm willing to give them time to become successful (that's because I believe honest people are as hard to find than profitable traders - the thing is a honest person can become profitable in time, if serious about the business).
yes you also are right.
forex_trader_32776
Mitglied seit Mar 28, 2011
1008 Posts
Nov 18, 2011 at 02:20
NextLevelForex posted:
Thank you, I added you to my watchlist. Is that a cent account?
liquidityFX posted:
Hi Remus,
I've opened a PAMM account last Sunday, I'd like to submit it to your list to monitor:
https://www.myfxbook.com/members/liquidityFX/pamm1/192513
It only took a second to find their $200 USD PAMM at LiteForex - https://www.liteforex.com/asset-investment/pamm-monitoring/account/58882/
Maybe LiteForex does a deposit bonus considering the added $50 bucks. These trustworthy manages 😉 lol
Mitglied seit Nov 15, 2011
61 Posts
Nov 18, 2011 at 12:07
It only took a second to find their $200 USD PAMM at LiteForex - https://www.liteforex.com/asset-investment/pamm-monitoring/account/58882/
Maybe LiteForex does a deposit bonus considering the added $50 bucks. These trustworthy manages 😉 lol
Thanks, yep, that's LiteForex's monitoring of the account, there you can see how many people are participating and what capital they have invested.
The 25.000$ in this account on MyFxbook is virtual and used for the actual trading, but it does not in any way represent the total investment of all participants, as with most PAMM systems. However, it is fully representative of the return a participating account makes / could make.
Manager's capital is required by LiteForex before investments are allowed, and is 200$ (real, not cents). It auto increases along with the total account equity.
So, no added 50$ bucks ;-)
When you fall you learn, then you get up and you try again until you master it.
Mitglied seit Sep 23, 2011
4 Posts
Nov 25, 2011 at 14:12
You could take a look at my trading record.
https://www.myfxbook.com/members/vk1314_com/makefxmoney/176791
website: https://www.makefxmoney.com/
public analysis for dollar index, S&P future and trade plans.
https://www.forexfactory.com/showthread.php?t=280705
https://www.myfxbook.com/members/vk1314_com/makefxmoney/176791
website: https://www.makefxmoney.com/
public analysis for dollar index, S&P future and trade plans.
https://www.forexfactory.com/showthread.php?t=280705
Mitglied seit Apr 25, 2011
262 Posts
Nov 26, 2011 at 04:17
Thanks for the note, SaltyWaters! Good luck to you, too!
MakeFxMoney, thanks for the info, I added you to my watchlist.
Your stats look good so far. Your account is still very young (1.5 months), so I'll check on it again in a month or so. One question: your account is said to be Manual, and yet you have 1716 trades so far. Just out of curiosity: were these trades all manual?
MakeFxMoney, thanks for the info, I added you to my watchlist.
Your stats look good so far. Your account is still very young (1.5 months), so I'll check on it again in a month or so. One question: your account is said to be Manual, and yet you have 1716 trades so far. Just out of curiosity: were these trades all manual?
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
