CopyTrading 10%+ per month 1% Drawdown | Forex Factory

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CopyTrading 10%+ per month 1% Drawdown

  • #1
  • First Post: Edited Jul 2, 2023 5:02pm Oct 7, 2020 4:07am | Edited Jul 2, 2023 5:02pm
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  • #2
  • Oct 7, 2020 2:14pm Oct 7, 2020 2:14pm
Hi Zenkh,

How to contact you or subscribe to this MAM ?

Regards,
Greg.V
  • #3
  • Oct 7, 2020 4:37pm Oct 7, 2020 4:37pm
Quoting Gregv
Hi Zenkh, How to contact you or subscribe to this MAM ? Regards, Greg.V
Hi Gregv,

I'll send you a PM with more detail and a guide on how to join.

Regards

Z

Edit: I just clicked into your profile and noticed that you're from Spain. I'm afraid that's one of the countries the broker doesn't allow. My apologies.
  • #4
  • Oct 7, 2020 6:07pm Oct 7, 2020 6:07pm
For the moment Iam in Spain, but I am French, so send me the informations please.
  • #5
  • Edited 8:23am Oct 8, 2020 4:22am | Edited 8:23am
Quoting Gregv
For the moment Iam in Spain, but I am French, so send me the informations please.
OK Gregv I'll shoot you a PM with the detail.
  • #6
  • Edited Oct 9, 2020 4:40am Oct 8, 2020 5:07pm | Edited Oct 9, 2020 4:40am
I'll answer some of the more common questions I received in PM here:

Can we trust the broker?

I mentioned the broker securing licenses with FCA (UK) and ASIC in the first post, but here I'll explain why we have no reason to doubt the broker. The answer is simple: with an average spread of 2, and the trader's following funds of $20m and average 4 trades a day, the broker makes USD160,000 per day simply from spread. Why would they want to kill the cash cow?

$10,000 account trades at 1.0 lot size (0.01 per USD100 is the strategy deployed by the trader)
$20,000,000 funds = 2000.0 lot size per trade
2000.0 lot size = $20,000 per pip
2 pips spread per trade * 4 trade = 8 pips
8 pips * $20,000 = $160,000

I've had someone asking me if this is a ponzi scheme and manipulation by the broker to scam money off unwary traders. To be truthful, I can't say for sure that I know what's happening behind the scene, but I've been in this game for a while now and have seen all kind of tricks brokers pull. They can be all kind of "evil" but Ponzi schemers they are not. Why? Simply because they have no need to. A casual spike in spread and some slippage here and there is enough to fill their pockets up.

Any way, I'm not advocating this as a 100% risk-free investment. If you're here, I assume you already know the risk trading involved, especially copying someone else's trade. Please don't put in any amount that would make you lose sleep.

How are the lot sizes determined?

Instead of using dynamic lot size, the lot size works like this:

0.01 increment for every $100 in the individual's account. So if you deposit USD10000, lot size would be 1.0. When your account grows to $10100, the lot size will increase to 1.1 and vice versa.

He maintains more or less a fixed maximum risk of 0.5% per trade simply by fixing his stop loss at 5 pips (really tight I know but it works for them. I wasn't told this by the way, found out through scrutinizing their trades).

Example:
Account size: USD10,000
Lot size: 1.0
5 pips SL: USD50

This means no matter your account size, your max risk per trade will always be maintained at 0.5%. He also uses a really tight trailing stop which means the trades don't always hit the 0.5% stop loss.

How does the trader receive his profit?

Everything is automated on the broker's end. You don't even need your MT4 running. All you need to do is to login to check your P&L everyday. They have an app for that too. Profits are also distributed automatically to the trader by the broker at the end of each trading day. You can see it live on MT4, or on the broker's portal which feed is slightly delayed. I assume each trader will set their preferred profit sharing ratio when signing up as a copy trader, which in this case it's 25% of whatever they win for you for account size 10k and above, and 35% for anything between 1k to 9999. All commission such as those you might be getting for referring someone else will all end up in this wallet account too, which you can then choose to transfer to your main trading account or simply withdraw them back into your bank account.

I keep saying 'he' when referring to the trader, but I've heard that there's a whole team of them running the show.

Can I deposit funds using PayPal instead of bank transfer?

Sure you can. It's very expensive though. Personally I prefer bank transfer from a bank that offers really competitive exchange rate and low fees. You'll have to do some research on your local bank rates.

Hope that helps.

Z
  • #7
  • Edited 12:30pm Oct 9, 2020 11:15am | Edited 12:30pm
I just watched a trade close on Samtradefx with 7 pips difference than the price at IC Markets. I would be very suspicious, easy way is to set up an mt4 copy from Samtrade to another broker and monitor the different prices. The ‘y’ suffix on the Samtrade pairs is very suspicious especially when their normal pairs have no suffix. Like I said set up a copy service and see, the results on the copy service Broker should be better than on Samtrade as there’s hardly any spread to pay. I think this managed account might just “work” on Samtrade and nowhere else which is a red flag to me. Do your due diligence. The trade is question is a SELL on AUDUSD that opened at 16:21.08 (UK Time) at a price of 0.72261 and was closed out for a small profit at 16:30.06 (U.K. Time) at a price of 0.72254. The price at every other broker is around 7 pips higher at this time at around 0.72320 none of them nowhere near the Samtrade price which would be even higher when their 2 pips is added on. Thus this trade was a small winner on Samtrade, someone please explain!!!
  • #8
  • Oct 9, 2020 2:52pm Oct 9, 2020 2:52pm
Quoting Enzo11
I just watched a trade close on Samtradefx with 7 pips difference than the price at IC Markets. I would be very suspicious, easy way is to set up an mt4 copy from Samtrade to another broker and monitor the different prices. The ‘y’ suffix on the Samtrade pairs is very suspicious especially when their normal pairs have no suffix. Like I said set up a copy service and see, the results on the copy service Broker should be better than on Samtrade as there’s hardly any spread to pay. I think this managed account might just “work” on Samtrade and nowhere...
Suffixes behind instruments are commonly seen everywhere, nothing suspicious about it at all. They normally indicate the type of account required to trade the instrument. In this instance the 'y' suffix simply means that it's for accounts with higher spread and no commission, which makes sense since the trader scalps and has to match his spread with those who are copying his trades.

As for why the charts seem slightly different, you don't need to compare it with other brokers, just open one with suffix and one without under the same broker and have a look. You will notice that the charts look slightly different too. That's because the price reflects the difference in commission and spreads which the drawing of the charts is based on. It's also a common misunderstanding amongst new traders that charts on different brokers should always reflect the same price, but I won't get into that. Some googling will help.
  • #9
  • Oct 9, 2020 3:55pm Oct 9, 2020 3:55pm
If a trading strategy is profitable with large spreads and performance fees then imagine how much more profitable it would be with a proper broker? So the answer is to deposit the minimum $1K with Samtradefx and get your investor password and copy the trades to a proper broker and get better spreads and zero performance fees. Why would anyone do anything else? Apart from the fact the strategy isn’t profitable with a proper broker!!

I see that Samtradefx only managed to pull the wool over the Financial Conduct Authority (UK Regulator) eyes for a few months and now they are no longer an appointed representative as of 25th September 2020 having made a big song and dance about it when they were granted it in July 2020. How they thought they would get away with this by giving a residential apartment address in Birmingham I don’t know!!

https://register.fca.org.uk/s/search...type=Companies

Come on guys we are all a bit too long in the tooth for this stuff arn’t we???
  • #10
  • Edited 7:29pm Oct 9, 2020 6:03pm | Edited 7:29pm
Quoting Enzo11
If a trading strategy is profitable with large spreads and performance fees then imagine how much more profitable it would be with a proper broker? So the answer is to deposit the minimum $1K with Samtradefx and get your investor password and copy the trades to a proper broker and get better spreads and zero performance fees. Why would anyone do anything else? Apart from the fact the strategy isn’t profitable with a proper broker!! I see that Samtradefx only managed to pull the wool over the Financial Conduct Authority (UK Regulator) eyes for a...
First of all there is no way you can manually copy trade scalping strategies, not even with signals. And even if you could keep your eyes glued to the monitor for 12hrs a day, and execute the same trade with your "proper broker" within a split second of seeing it showing up on this broker, the price on the chart would be different due to differences in spread, liquidity providers, volume and other factors.

As for FCA, I'm not sure what's happening. We care more about ASIC regulation here in Australia. To save you the trouble of having to find the deregister page for ASIC as well and coming here to flail your arms and scream murder again, here's the registration page for the new trading name: https://connectonline.asic.gov.au/Re...e=nfey9crke_24 (if you're redirected to maintenance page, don't worry, just click on the link after the maintenance is done. ASIC isn't out to scam you too)

It's a good thing that you're doing your due diligence in this brutal world of trading, but screaming at the top of your lungs due to the lack of understanding isn't a very bright thing to do. It's always the brokers' fault when we lose money isn't it? They can't hold back the temptation of scamming the poor ol' traders' hundreds of dollars worth of deposits. And when we fail to understand how something works it's definitely a scam or too good to be true ain't it?

Like I said, I'm not advocating this to be a 100% safe investment. If you don't know something, feel free to ask. If you know more than me, I'm happy to learn from you. But your tone and the way you're dealing with this shows that you lack the aptitude to look at things objectively.

Anyway, good luck with your endeavours.
  • #11
  • Oct 9, 2020 7:28pm Oct 9, 2020 7:28pm
Quoting Enzo11
Apart from the fact the strategy isn’ I see that Samtradefx only managed to pull the wool over the Financial Conduct Authority (UK Regulator) eyes for a few months and now they are no longer an appointed representative as of 25th September 2020 having made a big song and dance about it when they were granted it in July 2020. How they thought they would get away with this by giving a residential apartment address in Birmingham I don’t know!! https://register.fca.org.uk/s/search...type=Companies Come on guys we are all a bit too...
Just got a confirmation from the horse's mouth (the broker you have been slandering). FCA license has not been revoked. They just changed entity in order to get their STP license. You can see that if you click on the above link you posted, click on the name of the organisation and click on "1 trade name".

But of course, if you insist on seeing the world through your rose colored glasses, then nothing will convince you otherwise. Good luck.
  • #12
  • Oct 10, 2020 3:22am Oct 10, 2020 3:22am
Zenkn, if the broker has told you that themselves then I would be very concerned as they obviously have no idea of the FCA regulation process. From the 15/07/20 to 25/09/20 “ST Asset Management Limited” were an appointed representative of Laven Advisors LLP, ST Asset Management Limited had a trading name of Samtrade International UK Limited which is still registered as a trading name but only as a trading name, a trading name of a company that is no longer regulated! As the bit that was regulated “ST Asset Management Ltd” is no longer an appointed representative of a regulated firm. When you look deeper and see the permissions that Laven Advisors LLP have as the sponsor firm then it’s quite clear that they don’t have the necessary permissions to ‘sponsor’ a full blown FX and CFD trading brokerage. I don’t know what happened with ASIC but it seems that the regulation there wasn’t straight forward either. Just be careful, don’t trust what anyone tells you, go and look for yourself as it’s all there.

As for copying the trades of course you don’t have to sit in front of the computer all day watching and trying to copy. I use an excellent service that runs in the cloud and copies trades in milliseconds and emails you instantly when a new trade is opened and closed etc. This is what I did, and as soon as I got the open trade email I looked at the price movement of Samtrade and other brokers, here I noticed a big discrepancy. I shall leave it running and see if the copied trades over a week/month are profitable or not, so far they do not represent anything similar to the returns on Samtrade.

Also being as the drawdown is only 1% and there is such a high percentage of winning trades why don’t they let you increase your risk to 2,3,5,10 times if you are willing to accept higher drawdowns? It would be in their interest as more lots equals more commissions and more performance fees. However they won’t let you do this, why?

Naturally I am very skeptical about a managed account that only seems to make profit with one particular broker, so everyone should be. We should at least enquire as to why this is the case.
  • #13
  • Oct 10, 2020 4:46am Oct 10, 2020 4:46am
Check the list in post 3233 at this page:
https://forum.lowyat.net/topic/3774126/+3220
  • #14
  • Edited 12:20pm Oct 10, 2020 11:24am | Edited 12:20pm
Quote
As for copying the trades of course you don’t have to sit in front of the computer all day watching and trying to copy. I use an excellent service that runs in the cloud and copies trades in milliseconds and emails you instantly when a new trade is opened and closed etc. This is what I did, and as soon as I got the open trade email I looked at the price movement of Samtrade and other brokers, here I noticed a big discrepancy. I shall leave it running and see if the copied trades over a week/month are profitable or not, so far they do not represent...

I'm getting a bit tired of trying to explain here, but I appreciate the change in tone. I repeat, for the third time, that it's pointless to copy a scalping strategy that scalps 1-10 pips profit on another broker, automated or not. The latency and difference in price between 2 brokers will make the strategy absolutely redundant. Once again, have a look at the difference between EURUSD and EURUSDy on the same broker, they look different due to difference in spread and commission. Forgive me but I'm going to sound a bit blunt here since I didn't manage to get through to you the two previous times. If you don't and can't even understand suffixes and why and how prices vary on different brokers and are too lazy to find out, then you have no business in trading.

Quote
How they thought they would get away with this by giving a residential apartment address in Birmingham I don’t know!!

Quote
if the broker has told you that themselves then I would be very concerned as they obviously have no idea of the FCA regulation process

I wasn't going to comment on this but really I've got little decency left in me. Really? You think address has anything remotely to do with FCA licensing process? Did you really think that a foreign broker listed an apartment address in Birmingham to trick the FCA? And you're telling me that you know more about FCA regulation process than a broker does? Mate, I really don't know what to say to that.

Quoting smilee89
Check the list in post 3233 at this page: https://forum.lowyat.net/topic/3774126/+3220
Keep scrolling down after that list. I burst out laughing when I saw DrFx's reply: "You doubt our judgment?" That's straight up what a scammer would say. "I'm telling you that it's a scam. Don't doubt me. I just traded and lost $100 there, that's the proof." Go on and read the next page and the next again. I stopped after 2 pages.

 

  1. Refer to my second post. Brokers don't do Ponzi. That's not the game they play. They are in it for the long haul and there are millions and billions to be made. Even market makers need to seek a balance between taking more from you and keeping you around.
  2. You know who the real scammers are? The brokers review websites! Ironic isn't it? But of course, don't go doubting me now, just believe everything I say.
  3. Do a search on the top forex brokers in any countries and have a look at all their reviews on Forexpeacearmy. What do you see? Good rating? Hell no. "Scam scam scam!" That's what you see. A bunch of innocent and faultless people getting their poor money scammed by unscrupulous brokers. I'm being sarcastic here and in the previous point in case you can't tell.

Am I saying brokers are good guys? No way. But you need to understand how they work if you want to get rid of your paranoia and avoid the obvious traps. And when I say traps, I mean taking your money legally and not in the form of Ponzi or outright stealing.

You don't need to believe me at all, but plenty of people I know (directly and indirectly) who are copying this trader have already made withdrawals of up to six figures (USD) from this broker. International withdrawals always arrive on the same day or next. Am I saying that this will last forever and that the broker and trader are doing this out of good will? Of course not. Don't be silly. This a good opportunity because it's a win-win-win situation for the broker, the trader, and the investors. If one party starts losing money, then get the hell out of there asap. Risk and reward wise, it would be silly not to take this bet. At least that's how I see it. But would I risk anything more than what I can safely earn back (from my proper full-time job) in a month or two? No way.

Anyway, I can't believe I just spent an hour on this response. Time to enjoy the last of my Saturday night. I won't be trying to convince anyone again. You do you. Let me know if you're interested, otherwise you could just walk away. Have fun.

  • #15
  • Oct 10, 2020 11:37am Oct 10, 2020 11:37am
I'd like to use this with FTMO, is that possible?
  • #16
  • Oct 10, 2020 12:36pm Oct 10, 2020 12:36pm
Quoting GodRa
I'd like to use this with FTMO, is that possible?
Be it ftmo /live account or any other broker there are high chances of slippage if you try copying these trades since they just scalp.. Meaning open/close price of the trades would be different and sometimes you might lose even though they win.. Unless you are trading with Samtrade..No chance in hell Im depositing my trading money on that broker lol but it might work well...
  • #17
  • Oct 10, 2020 2:15pm Oct 10, 2020 2:15pm
This is 100% a scam. I've been trading for over 15 years now and have seen just about EVERY type of trading system and EA. I know who some of the best traders in the world are and what they can achieve when it comes to profit and draw down numbers.

The stats you post are just not possible. Even if they were, this trader would not be offering copy services to you or any other person because... What's the point? If this trader can really trade like this. He/she would have the best trading system in the world and wouldn't be dealing with little small traders like us. It doesn't make sense. People... Use your heads when it comes to fake opportunities like this!

Also... Why not have a professional website or company name? Red-flags everywhere. Especially considering myfxbook stats can be manipulated.

This is more likely a broker funnel scheme than anything else...
  • #18
  • Edited 3:59pm Oct 10, 2020 3:48pm | Edited 3:59pm
Quoting Cubbybgood
...The stats you post are just not possible. Even if they were, this trader would not be offering copy services to you or any other person because... What's the point? If this trader can really trade like this. He/she would have the best trading system in the world and wouldn't be dealing with little small traders like us. It doesn't make sense. People... Use your heads when it comes to fake opportunities like this! Also... Why not have a professional website or company name? Red-flags everywhere. Especially considering myfxbook stats can be manipulated....
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Says the guy who is promoting his EA with even better stats and hasn't lost a single month in backtesting 10 years worth of data. Hypocrite much? Sure, the real results I've posted with a consistent 10% ROI monthly is a scam, and the EA you're giving out for "free" that returns 5-20% per month without losing a single month based on backtest data is totally legit and credible.

And if you have to ask why good traders become copy traders, dealing with "little small traders" like us, then I'm afraid you haven't learned much in your 15 years of trading. It's like asking why someone becomes a hedge fund manager or why banks even bother to deal with people at all. Now my turn to ask you: Why are you selling the EA that you claim to be "giving back" at $397 if it's really making 5-20% per month? Why bother dealing with "little small traders" like us?

I've had enough of dealing with all kinds of silliness here and won't be posting anymore. I would rather keep this to myself and earn less commission than having to deal with that much arrogance and ignorance. This place is full of fake gurus and people looking for others to blame for their own failures.

Anyone interested or wish to raise any questions can still send me a PM, otherwise I shall return to silence.
  • #19
  • Oct 10, 2020 4:05pm Oct 10, 2020 4:05pm
Quoting zenkh
{quote} {image} Says the guy who is promoting his EA with even better stats and hasn't lost a single month in backtesting 10 years worth of data. Hypocrite much? Sure, the real results I've posted with a consistent 10% ROI monthly is a scam, and the EA you're giving out for "free" that returns 5-20% per month without losing a single month based on backtest data is totally legit and credible. And if you have to ask why good traders become copy traders, dealing with "little small traders" like us, then I'm afraid you haven't learned much in your 15...
A nice round-about way to advertise.... Lol!

I don't claim to have the best EA or be the best trader is the world and my stats show it. I'm just a good trader with a decent EA. What you have.... I would NEVER EVER sell! You would be offered 10 of millions of dollars for this strategy/EA and... You wouldn't sell it because you would be making millions just using the EA on small balances. You or however has this EA would be one of the richest people is the world as well.

You sound WAY too much like the creator of this so called EA. Why else would you take the time and trouble to post a picture of my website and information here? This is all too funny!

-1.26% DD? Just too funny!
  • #20
  • Oct 10, 2020 4:16pm Oct 10, 2020 4:16pm
OMG! I just noticed!

These profit, withdraw, deposits and balance numbers don't make sense! The deposits make 0 sense! Why so many deposits? Just too funny!
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