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Fulltime247 - Managed Account (Nice Profit,Low Risk)

  • #21
  • Oct 23, 2009 5:15pm Oct 23, 2009 5:15pm
Quoting Fulltime247
Because you dont need to see it to evaluate the performance. If you follow the data thats visible everything you need to know is right there. Balance, Equity, Floating (Bal-Eq) - Avg pip win, Avg pip loss, Pips gained in summary, win percent, daily pips won, etc... Myfxbook does a very nice job of giving your all needed info without me having to show my trades. It allows me to be Public and Private at the same time.
It also allows you to fake the results, as www.myfxbook.com have already acknowledged and are planning on changing their system.

I can understand not allowing open trades/orders to be public but there should be no problem on showing closed trade history.

My history is public for all to see as it is real. However, analysing the open/close times will be of no benefit to anyone as their trigger is based on a custom indicator.

Anyway, good luck on finding investment funds.
  • #22
  • Oct 23, 2009 6:34pm Oct 23, 2009 6:34pm
I dont need to fake it. my results are real but anyone that signs up with me can request the investor password (read-only) to verify that that trades displayed by Myfxbook are 1000% identical to those in the trading account before I activate the robot on their account if they have ANY doubts. What you see it what you get. I've worked too hard to build my reputation on FF to jeopardize it in any way. People I've done programming jobs will vouch for me that I over-deliver on their specs, I help newbies get up to speed and freely share my hard-knocks learned lessons about the forex market. I don't play games. I've been on the wrong end of scam traders and brokerages so I know that hurdles people face in finding profitable and reliable strategies and trustworthy brokerages.
  • #23
  • Oct 23, 2009 6:49pm Oct 23, 2009 6:49pm
Quoting Fulltime247
I dont need to fake it. my results are real but anyone that signs up with me can request the investor password (read-only) to verify that that trades displayed by Myfxbook are 1000% identical to those in the trading account before I activate the robot on their account if they have ANY doubts. I don't play games. What you see it what you get.
That's the whole point, your myfxbook doesnt display any trades whatsoever, so it's not the same as what you see is what you get.

Also, i have another question. Why dont you do a business proposal, take it to a trading floor with your actual trade history and get them to invest $$$$$$$$$$$ based on a 50/50 profit sharing return.

I work for HSBC trading floor in London, I am sure they would be very interested given your sales pitch!
  • #24
  • Edited 7:18pm Oct 23, 2009 6:59pm | Edited 7:18pm
Week 1 got off to a late start (Tue) but still closed at +4.3% if the EA had been running for the full week it would have make roughly 8.0+% with 1.21% Drawdown (this is shown just as a FYI) - These weekly reports will display results from the trading account using the same exact setting used for Managed Accounts - The 50% account used higher risk setting initially to test the upper risk limits but has been reduced to managed setting also. Also the broker used for the managed account allows 0.01 stepsizes so the account scales better as the balance rises. The 50% account only allows 0.10 increments (Collective FX) but I'm testing them simply for comparison.

Also in response to Scooby. I really want to keep this group tight! - I've seen a number of EA's get ruined by too many traders using the same strategy. There will only be a limited number of people I allow to trade with me because I'm directing everyone to the same broker I trade with (the only one I trust). I'm not greedy and the extra trading funds I will generate are good enough for me. Its pure price action and I believe that its a approach that can work for the next 10+ years as long as I dont slam the market too hard and generate a counter response. Me and a small group of traders should be able to nicely profit for years without creating enemies. (Even though your TRADING FLOOR idea sounds very interesting since it bypasses the brokers and trades in the TRUE interbank market. Hmmmm.... Maybe down the line that could be a option where I pool funds and trade them in one account.)
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  • #25
  • Oct 23, 2009 7:19pm Oct 23, 2009 7:19pm
I usually dont follow this section of the forum - but the title caught my eye. I am really surprised that this section hasn't been flooded w/ these adverts.

15- 20% a month - hmm - might be worth tossing in 10$ - - do u take e-gold?
In trading, there is no bullshit. You either make money or you don't.
  • #26
  • Edited Oct 26, 2009 10:17am Oct 25, 2009 8:06pm | Edited Oct 26, 2009 10:17am
Safety First: Standard trading wisdom says you are allowed to safely open 1 standard lot per 10K. HEDGEPro takes this safety margin to the extreme by only opening 0.01 lots per 1K - So a 10K account only opens a 0.10 lotsize! 10X less than what is traditionally considered safe. HEDGEPro during the course of a trade sequence may also open additional orders before closing the sequence. Most order baskets will close with 3 to 6 orders in them. (NO Martingale is used. The additional orders are usually the same size as the first order) - Meaning that even in most extended order sequences you will easily float under the accepted risk parameters for trading.

Even a 10 order basket which is pretty rare only places you at the standard trade risk figure! Also if the entire baskets equity drops below 7% the entire order sequence will be closed. (A situation that only may have been activated in the 2008 collapse and maybe not even then) - So even in the most extreme situation the most at risk is one week of trading profits. Additionally the basket will close and restart profitable trading immediately to recoup the loss. - NOTE: I usually consider 30% drawdown as the STOP Trading limit. Under the 7% configuration HEDGEPro can withstand FOUR consecutive economic collapses while still maintaining enough trading funds to recoup all losses. The robot can easily withstand 30+ open orders thanks to the hedging features of the EA which easily control and minimize negative drawdown. Preservation of capital is an active strategy of HEDGEPro in combination with limiting downside risk and accumulating profits.
  • #27
  • Oct 25, 2009 8:19pm Oct 25, 2009 8:19pm
I'm going to back Fulltime up here on the whole "Doesn't show any trades".

I'm asking this question, why would he offer a service, either a EA for sale, or managed accounts... then turn around and give people the trade particulars? I've been looking around at other commercial EA's, and something I notice when they show their "Investor Password" for MT4, I can just log in, and when that terminal makes a trade, I can just make the trade on my live account, I pulled a few pips off a demo account doing this just for fun.

My point is there is no real reason for Fulltime to allow everyone to see trade by trade information, otherwise he's just giving out free signals as far as I'm concerned.

Good luck Fulltime, I'm behind you all the way.
  • #28
  • Oct 26, 2009 3:32am Oct 26, 2009 3:32am
Quoting Pharoah
I'm going to back Fulltime up here on the whole "Doesn't show any trades".

I'm asking this question, why would he offer a service, either a EA for sale, or managed accounts... then turn around and give people the trade particulars? I've been looking around at other commercial EA's, and something I notice when they show their "Investor Password" for MT4, I can just log in, and when that terminal makes a trade, I can just make the trade on my live account, I pulled a few pips off a demo account doing this just for fun.

My point is there is...
There is no reason not to show CLOSED TRADES.
  • #29
  • Edited 9:52am Oct 26, 2009 9:24am | Edited 9:52am
I keep the CLOSED trades hidden just to keep copycats 1000% in the dark. You can't look at the trades and figure out WHY or HOW the robot makes trading decisions but I dont wanna give reverse engineer programmers ANY clue!! - I dont want them to know my pip cashout targets, I dont want them to know how many orders are usually in a closed basket, etc.. - I dont want to show them NOTHING!!! Its really no biggie as I said before because what triggers a trade action is still the secret sauce but I'm not giving ANY clues. I've sold commercial EA's before and had jerks email me the decompiled code within 24 hrs so I'm just a little sensitive. I'd be the first to admit that I'm still sore about that experience so I've swung the pendulum to the other side and now I wont even show the closed trades!!

When I was a seller I gave out Demo's, had LIVE statements on my website, gave out the investor password, showed ALL activity and it still didnt stop people from stealing. They used EA's that copied trades from the updating statements, decompiled the demo's and tried selling my cracked EA on Ebay. Ive been burnt. So its true I'm a lil' paranoid. I've got a chicken wire fence around my computer and baby toys all over the floor (the squeaky ones), I sleep with one eye open and have eaten all code copies. Am I a little Paranoid? Maybe BUT they really might be out to get me. (even I had to laugh as that one)
  • #30
  • Oct 26, 2009 9:28am Oct 26, 2009 9:28am
Quoting Fulltime247
I keep the CLOSED trades hidden just to keep copycats 1000% in the dark. You can't look at the trades and figure out WHY or HOW the robot makes trading decisions but I dont wanna give reverse engineer programmers ANY clue!! - I dont want them to know how my pip cashout targets, I dont want them to know how many orders are usually in a closed basket, etc.. - I dont want to show them NOTHING!!! Its really no biggie as I said before because what triggers a trade action is still the secret sauce but I'm not giving ANY clues. I've sold commercial EA's...
Point taken.

How do you stop your broker from seeing what you are doing ?
  • #31
  • Oct 26, 2009 10:20am Oct 26, 2009 10:20am
Are funds held in an aggregated account that you control or are funds held in individual client accounts with you having trading authority over.
  • #32
  • Oct 26, 2009 12:13pm Oct 26, 2009 12:13pm
Quoting tommyd
Are funds held in an aggregated account that you control or are funds held in individual client accounts with you having trading authority over.
I have NO control over your account. I NEVER have access to your funds. Its YOUR account not mine. My robot just trades it for you.

SCOOBY: I call my broker from 10 different cellphones every 15 seconds so that they never have time to watch the Deal Desk screen.
  • #33
  • Oct 27, 2009 9:36am Oct 27, 2009 9:36am
Quoting Fulltime247
I keep the CLOSED trades hidden just to keep copycats 1000% in the dark. You can't look at the trades and figure out WHY or HOW the robot makes trading decisions but I dont wanna give reverse engineer programmers ANY clue!! - I dont want them to know my pip cashout targets, I dont want them to know how many orders are usually in a closed basket, etc.. - I dont want to show them NOTHING!!! Its really no biggie as I said before because what triggers a trade action is still the secret sauce but I'm not giving ANY clues. I've sold commercial EA's before...
Well said and agree 100%.

If someone wants their account to be managed, they have absolutely no need to know how you do it, only the end result. If they do want to know it, then they've probably have a hidden agenda..
  • #34
  • Oct 29, 2009 6:33am Oct 29, 2009 6:33am
I see your point,

But I am the type of person that would not allow someone to control/trade my money unless I had an idea of how it was being done. Now I don't care for every detail, nor do I want to copy as that defeats the purpose of having it traded. But I still like to have some self belief in the manager.
  • #35
  • Edited 12:10pm Oct 29, 2009 10:12am | Edited 12:10pm
Quoting >Apocalypto<
I see your point,

But I am the type of person that would not allow someone to control/trade my money unless I had an idea of how it was being done. Now I don't care for every detail, nor do I want to copy as that defeats the purpose of having it traded. But I still like to have some self belief in the manager.
I have no problem with semi-diclosure for clients. Like I said they can get the investor password. Strategy overview, etc. I just ask that you watch the demo until you convince yourself that the strategy is valid. Once you're a member I loosen up quite a bit. I just dont feel like being pummeled by programmers that are just trying to pick my brain and rip me off. (like the person that told me that the demo isnt good enough for them they need to run the EA on their desktop first. ) - As I've stated before I've had BAD experiences with these bottom feeders that are drooling for a chance to decompile the program. - I'm just not gonna make it THAT easy for them. - The bottom line is that people join managed accounts because of performance. If a potential client watches the EA month after month and the drawdown and percent gain doesnt convince them to join I'm VERY doubtful that anything else will.
  • #36
  • Nov 1, 2009 1:26pm Nov 1, 2009 1:26pm
Week 2 turned in another pretty easy 4.38% for a total 8 day profit of 8.68%. The 8 day span is from Tuesday to Wednesday. On Wed. I stopped the bot after it closed a sequence on Wed. to install a software update that improves profits and reduces risk even further. On Thurs. the market went completely flat so I didnt get to see the update in action on my test system. So I decided to simply restart the managed bot on Sunday to avoid any possible Fri to Sun opening gap. Another easy week. Again periods of roughly 7 days net about 8% profit.

The new update is the result of watching the EURUSD rapidly drop 250+ this week. Currency moves that strong are easily detected and provided an almost no-miss opportunity to increase profits while at the same time reducing overall drawdown and risk. This update will be activated on the managed account Sunday or Monday depending on market movement (I wanna see one more closed trade on my test system. The update only add features without affecting current functions in any way). - FYI: My test system that's been running non- stop for 2 weeks is up 14.66%
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  • #37
  • Nov 5, 2009 4:02pm Nov 5, 2009 4:02pm
I see you took a hit today, what was the reason for that?
  • #38
  • Nov 6, 2009 1:33pm Nov 6, 2009 1:33pm
Maybe a glitch in the update he installed and mentioned in his last post?
  • #39
  • Nov 9, 2009 2:43pm Nov 9, 2009 2:43pm
Rainy Cloud with Silver Lining - That seems to be the best title for todays weekly post. Thankfully no clients were harmed in the making of this picture. Last week I did a software update and didnt enter the market until the following Tuesday. Unfortunately it was at the most worst time. The market was weak and completely without direction before the Feds interest rate announcements. One of the most volatile events on the calendar. I hit my 7% to10% volatility stoploss because I entered the market late in the week. The EA plays the market like a seesaw and when the market reverses it takes a portion of that reversal to close the preceding trade so you never get in at an extreme top or bottom. EX: the EA would have been into a sell and when the EURUSD started to shoot up it would have risen about 25% THEN closed the sell with a little giveback profits and entered into a new buy. Unluckily I started the EA at the bottom and got into a sell and took the full ride up. - Grrrrr.... Just bad timing. - I've never got caught like that but to prevent this from happening in the future I have added WEAK market detection to the EA. It will prevent the robot from entering the market when the market is weak and directionless. I also leverage this trend detection ability to EXIT the market when the market gets weak and begins to trend against us. Its a MAJOR improvement to the system and will prevent the EA from experiencing large losses again. Thankfully the EA exited at the emergency stoploss point with 98% of capital intact. The results of these changes will be more small losses and breakeven wins as the EA exits head-fake situations sooner and larger strong trends wins as the EA takes advantage of positive cash momentum. Active clients were still using the pre-update software and were fine. I got burnt by the mistimed install.
  • #40
  • Nov 9, 2009 4:47pm Nov 9, 2009 4:47pm
Bad break. A big drawdown early on skews the results for quite a while. The managed account seems to mirror the high risk account, in a way. But a mere two weeks profit ahead of the drawdown paints an entirely different picture on the high risk account. I'm inclined to believe that the managed account would look similar if it had begun at the same time.
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