Would I have any takers?

Well, I don't really use 'em either. Just going by what the majority "requested". I thought I would be accommodating :.
Maybe I should have a vote?
I just don't want to be chopping and changing brokers every quarter.
I used oanda a while ago, and yep they are pretty cool.
I'm also thinking it will stop the bloody EA fixation that people seem to have. That will deffo be one of my rules. MANUAL trading only!
(Should sleep on it I suppose)

As for the conditions, I'm reconsidering some of them, like the 6-quarters thing. Personally, this would still be my choice, but seems restrictive to the potential out there. Plus, who dares wins they say.

I don't know. I appreciate helpful input like this though, cheers!
As to our last question

Excess profit, please, I just threw that in for the folks wanting to call me looney!
I trade my own account. I had a good '06, and very good '07. I'm in a position where I can stick 10K somewhere, even if it is in the toilet, and not really feel the hit. I've made some charitable contributions, helped family members, etc. Then...
I had all sorts of ideas, and this one just stuck with me.
Nothing else untowards, I didn't rob a liqour store or anything like that. Just been "robbing" banks for a while.

It has somewhat evolved from where it started, with the 4-way split etc., but this I think will be "more fun". Otherwise I would have just stuck it in a managed account or something.
In a weird way, I kind of want to give something "back" to someone, dunno who, dunno how, just have that urge.
Ever get that?

I don't want to just contribute to forums with my trading plans/methods etc. I needed something fresh, for myself if nothing else.
As far as contributing trading plans, systems, analysis etc. I couldn't match the likes of what is already available on FF, so I have, and probably will refrain.
I'll probably trade along and keep a journal here though {along with my existing one}. See if I can match the batters blow for blow.

No thanks but I wasn't suggesting dishonest intentions or anything like that. But with $2500 to trade how much profit is that going to generate and please the 25%/day p/f crowd need not reply. Risk/reward is the whole basis for the markets to exist. Thats all.

back at you.

I've changed it to $5000 a few posts ago now.
5K, 1 account, 1 trader at a time, 1 quarter.
50/50 split for your quarter.

Sure you don't wanna have a quarters innings?


PS: I'm NOT looking for the 25% p/day crowd either. Just a solid plan, and some positive returns. I didn't get to the point of being able to do this any other way.

Interesting point someone raised. {finally, I've been waiting for this one:}

I'll address it out in the open.
NO, I am not also going to be making trades in the same account.

And as an add-on to that;
NO, I am not going to manipulate your positions.
NO, I am not going mess with anything.

Anyone that is a good trader wouldn,t be bothered with this sort of offer.
Why wouldn't they just keep doing it on their own.

K.
This is the last word on this for a while. Until launch day that is.

I need to finalise a few things over the weekend, but I wanted a last concenus of what folks would trade on in this scenario.

I DO NOT want to start a broker discussion here! There are enough around.
Here are the options for this experiment. Choose your weapons traders.
(My personal thoughts follow broker choice)

1. MT4 - IBFX
(Keen. Many traders use MT4. Good review from a trusted source)
(Account open and ready to be funded)

2. FXCM
(Not keen. Negative previous personal experience)

3. GFT
(Not bad, not that keen either. Negative previous personal experience)

4. EFX
(Keen. Positive personal experience)
(Account open and ready to be funded)

5. Oanda
(Quite keen. Positive previous personal experience. Highly rated by numerous readers/posters/traders)
(Account open just needs "activation" and ready to be funded)

That is it and that is all.

I've not started a poll for numerous reasons. You can pm me if you don't want others to know you are putting yourself forward.
Monday will be Decision Day. Terms finalisation day.
Funding will commence once that's out of the way. And hopefully trading to kick-off soon after.
Thanks again for your time and effort

Yeah, that's been said. Thanks.

The "Trader Idol" phase of this experiment/project/journey is now over.
Finalists have been chosen.

So, I'll use this oppertunity to reply to all those who applied {I'm not pm'ing all of you :}.
Firstly, thanks for taking the time. Secondly, sorry if you didn't get in.

To those of you who I have pm'd. You are still on the short-list if you want to be, and have a crack at the account later in the year.

To the first trader selected, well you know who you are, so there's nothing to say to you .

We are just finalising non-discolsures, lpoa, and whatever other legalities between us this week and we should be ready to rumble!

Can I just say to all the "haters" out there.
I don't think you've really thought about why I'm doing this...
If I may quote the trader actually selected
Starting to make sense now? Kind of a Zen System-No-System.

Exposing this account to various traders' styles, attitudes, methods. I DO believe the positive expectancy goes only one way. UP. Disagree if you like, but remember. No-one is a "good trader" all the time.

Also, I'm not concerned about how much money they are going to make {me and themselves}, more about how much they are going to lose.
I based the decision more on their overall risk appetite, drawdowns etc. Personality to an extent.
So if you're shocked that you didn't get in promising me 5% per day, there's why.
It may be something for you to think about also!

to all!

I am not sure if you planned to do anything like this but I think it would be good to post a weekly summary of things for the rest of us to follow.

Ideally this could be a daily one with performance and open positions, but I realise that this might be asking a lot?

Verno