FPFx Standard (By fighterpilotfx)
| Gain : | +33.68% |
| Drawdown | 39.98% |
| Pips: | 780.4 |
| Trades | 64 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Manual |
FPFx Standard Discussion
Mar 15, 2011 at 02:28
930 Views
9 Replies
Member Since Mar 06, 2011
6 posts
May 03, 2011 at 14:28
gwilym posted:
Do you do managed accounts with this system? Regards F G
We are still in the process of getting an IB from MIGbank . Once this is completed, managed services will be offered. Meanwhile, you might want to follow account summaries in this forum link.
https://www.pinoymoneytalk.com/forum/index.php?topic=34593.15
Thank you.
Santi
PGX Admin
KISS " Keep it Short and Simple "
Member Since Mar 06, 2011
6 posts
May 03, 2011 at 14:29
(edited May 03, 2011 at 14:45)
tapachula posted:
i think this is not exactly a semi-conservative system, Equitity is 71.77%
with those eu shorts, maybe take long time to get out.
Hi Miguel,
Yes there is quite a negative float in this account. However, the term semi-conservative system was based on the maximum leverage of 1:10.
We also offer a very conservative version of this strategy with a maximum 1:1 leverage. Please click the link above to follow it.
Thank you.
Santi
PGX Admin
KISS " Keep it Short and Simple "
May 03, 2011 at 15:53
fighterpilotfx posted:
Hi Miguel,
Yes there is quite a negative float in this account. However, the term semi-conservative system was based on the maximum leverage of 1:10.
We also offer a very conservative version of this strategy with a maximum 1:1 leverage. Please click the link above to follow it.
Thank you.
Santi
PGX Admin
Hi Santi,
In my personal opinion an account traded without SL and possible FL >25% is not a conservative system. But you are right with the lower leverage, the risk is proportional to leverage.
I will wait to see what decision you take in such open positions (eu).
Regards,
Miguel
Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
Member Since Mar 06, 2011
6 posts
May 07, 2011 at 03:53
Hi Miguel,
I understand your point. The floating loss really does look daunting.
With regards to stop loss we have mental stops at 500 pips per trade or 50% of available balance. This may seem a bit too much to some but i am very happy as to how it has worked for us so far.
Luckily, the strategy paid off with the recent price reversal. We can now see a 30% net profit in equity with a floating loss of -$219. We are very near our annual target of 36%.
Thank you. I hope to hear from you again.
Santi
PGX Admin
I understand your point. The floating loss really does look daunting.
With regards to stop loss we have mental stops at 500 pips per trade or 50% of available balance. This may seem a bit too much to some but i am very happy as to how it has worked for us so far.
Luckily, the strategy paid off with the recent price reversal. We can now see a 30% net profit in equity with a floating loss of -$219. We are very near our annual target of 36%.
Thank you. I hope to hear from you again.
Santi
PGX Admin
KISS " Keep it Short and Simple "
Member Since Feb 16, 2010
1332 posts
May 07, 2011 at 08:03
Allowing ~30% floating losses and less than 2 months history is not a serious background for a money manager.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Mar 06, 2011
6 posts
May 07, 2011 at 09:07
Thank you. We sincerely appreciate your input. I hope you will check back again after a few months to see the account progress.
KISS " Keep it Short and Simple "
Member Since Feb 16, 2010
1332 posts
May 07, 2011 at 17:54
(edited May 07, 2011 at 17:58)
fighterpilotfx posted:
Thank you. We sincerely appreciate your input. I hope you will check back again after a few months to see the account progress.
I hope it will last that long but my experience tells me that it probably won't. Just looking at your equity curve scares me. Wish you luck anyway.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Mar 06, 2011
6 posts
May 16, 2011 at 22:35
Hello,
Good news for the FPFx standard system!
Final profit target has been reached. Profit has been withdrawn and equity returned to $2000.
We are now actively trading the second set with an annual 36% profit target.
Thank you.
Santi
PGX Admin
https://www.pinoygoldexchange.net
Good news for the FPFx standard system!
Final profit target has been reached. Profit has been withdrawn and equity returned to $2000.
We are now actively trading the second set with an annual 36% profit target.
Thank you.
Santi
PGX Admin
https://www.pinoygoldexchange.net
KISS " Keep it Short and Simple "
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