Managed Account Z (By MoneyFountain1)
The user has deleted this system.
Managed Account Z Discussion
Apr 08, 2010 at 15:09
757 Views
2 Replies
Member Since Oct 30, 2009
57 posts
Apr 14, 2010 at 16:03
New account started with Alpari-UK on April 9,2010 after closing down our previous account with FXCM-UK. We were having too many issues with FXCM's MT4 bridge (via Boston Technologies). Look at the statistics of our other system (MA-Base) and you will see the numerous adjustments.
Our current broker is Alpari-UK, who also have their limitations on micro accounts, but at least it is not an execution problem. Their only restriction is that micro accounts are restricted to a max. total simultaneous open trades of 2 standard lots. Which may be a problem as the accounts increase in equity.
We suggest a Classic MT4 account 200:1 leverage with a minimum deposit of USD 7,500 if you want us to operate your account.
That is enough for us to meet the minimum 0.10 lot size for the very first trade, after which we have no restrictions from them.
Please contact at [email protected] for necessary links and documents.
Kasuko
Our current broker is Alpari-UK, who also have their limitations on micro accounts, but at least it is not an execution problem. Their only restriction is that micro accounts are restricted to a max. total simultaneous open trades of 2 standard lots. Which may be a problem as the accounts increase in equity.
We suggest a Classic MT4 account 200:1 leverage with a minimum deposit of USD 7,500 if you want us to operate your account.
That is enough for us to meet the minimum 0.10 lot size for the very first trade, after which we have no restrictions from them.
Please contact at [email protected] for necessary links and documents.
Kasuko
All things come to those who wait.
Member Since Oct 30, 2009
57 posts
Apr 15, 2010 at 14:29
Just so that you guys are not mislead by the statistics here, I want to bring to your attention that the Draw down is actually a lot more than reported by myfxbooks. While showing a lower than actual drawdown is something most traders would appreciate, that is not a fair assessment of the system.
For example, the stats show max DD of 0.66%, while if you keep an eye on the Balance : Equity ratio, we are generally around 5% in DD (floating). We have seen peaks of up to 50 - 60%. While this does not occur frequently, it DOES happen.
We do not mean to scare you off, but we would rather give you realistic data than have worried (or freaked out) clients.
This IS a martingale system, and when the market moves against us, you can expect rather large DD's.
For example, the stats show max DD of 0.66%, while if you keep an eye on the Balance : Equity ratio, we are generally around 5% in DD (floating). We have seen peaks of up to 50 - 60%. While this does not occur frequently, it DOES happen.
We do not mean to scare you off, but we would rather give you realistic data than have worried (or freaked out) clients.
This IS a martingale system, and when the market moves against us, you can expect rather large DD's.
All things come to those who wait.
Member Since Oct 30, 2009
57 posts
Apr 28, 2010 at 17:34
We will be winding down the positions in this account down at the end of the April 2010.
We will be moving to a Standard account with mini lots (as opposed to a micro account).
We are also reducing the overall risk exposure on the account.
This will of course reduce the returns, but it will have a drastic impact on the open Draw down during market volatility.
Please obtain the new link from our portfolio.
Thanks
We will be moving to a Standard account with mini lots (as opposed to a micro account).
We are also reducing the overall risk exposure on the account.
This will of course reduce the returns, but it will have a drastic impact on the open Draw down during market volatility.
Please obtain the new link from our portfolio.
Thanks
All things come to those who wait.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
