Adding a new broker require a lot of testing on our end because we open a real account with the broker and start trading on that account using the most active Trade Leaders. We then measure the correlation of execution making sure any investor would get at least close to 90% correlation to the Trade Leaders. If the correlation is not there we work with the brokers to reduce the spreads and improve the latency to make sure the correlation is where we want it to be. We also run processes behind the scene that make...
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What are the possibilities of using AdvancedMarkets or another Raw Data feed provider that is making money on commission and is not a dealing desk/market maker broker?
Dukascopy would be a huge accomplishment.
In the video demonstration of the Trade leader program, the CEO displays the Latency (slippage) and reports this figure within the investors platform, which is 100% essential. However, current trade leaders are not scalpers. The concept of a bridge/trade copier that goes through Currensee seams inefficient and some strategies would not be able to perform at a 90% correlation to the Trade leader performance.
Wouldn't you be able to setup a High Frequency trading EA on a demo account or a live micro account and push your bridge to the limits to determine if your bridge can handle scalping.
And since you are working with the brokers directly, would a possible solution of
A.) the trade leader uses broker X , therefore the investors must use broker X to insure the fastest transaction. The Broker than setups a PAMM, aka sub accounts from the Trade leaders account to prevent slippage to the investors account.
B.) Like you mentioned, work with the brokers to make up the difference in the slippage. therefore the investor gets the same pip gain as the Trade leader. You are bringing volume/commission/$ to these brokers, Its the least they can do.
if this doesnt make sense, I apologize.. it's late
What are the possibilities of using AdvancedMarkets or another Raw Data feed provider that is making money on commission and is not a dealing desk/market maker broker?
Dukascopy would be a huge accomplishment....
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Ipndasno,
There are some strategies that we cannot support via the Trade Leader Program and therefor we do not offer them. The strategies that can't work are scalping for less than 3 pips and news trading.
It does limit our ability to offer every possible great trader but we simply cannot be in a position to offer a great Trade Leader that will eventually cause his followers to lose money.
I managed to make 7.2% return in November which is not bad but I was very unhappy with the level of risk and the volatility throughout the month.
Making some changes to the portfolio allocation.
1) I'm taking Winsor out completely - he is too volatile for me and not that profitable.
2) Adding a few more "low volatility" traders and one high volatility trader.
This is what the portfolio currently look like for December:
Rafat 23%
Jens 13%
Jacek 10%
Lorenzo 7%
ICTC 7%
Stefan 11%
DJ 7%
Janus 10%
Ajay 12%
There are some strategies that we cannot support via the Trade Leader Program and therefor we do not offer them. The strategies that can't work are scalping for less than 3 pips and news trading.
It does limit our ability to offer every possible great trader but we simply cannot be in a position to offer a great Trade Leader that will eventually cause his followers to lose money.
-- Asaf.
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How about the Direct Broker to Broker bridge (MAM/PAMM) to prevent slippage as that seams to be the limitation of accepting some strategies.
If that Trader is above 3 pips on Average, is this acceptable, even though some trades are closed out at BreakEven +1,+2,+3??
how does the bridge work between the trader and the investor?
What platform has the smallest latency between trader and investor?
If both trader and investor uses Metatrader, is the Bridge similar to the Zipsignals, Zulu,Rentasignal, Collectivefx bridge?
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We don't use a bridge between the investor and the Trade Leaders. We use the investor credentials for the Trade Leader and the master credentials for the investors to run a specific API on MT4 that enables real time communication and order execution.
We test latency and pip slippage on all of our partners continuously and work to reduce spreads where necessary. We currently have good correlation between trade leaders and investors on all of our partners which is AVAFX, FXCM, FXDD, Askobid and CitiFX.
Trade Leaders can be on ANY MT4 or of FXCM, MBTrading, OANDA or Forex.com.
-- Asaf.
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I'm interested in becoming a trade leader, but my average pip gain is 5-6 pips. The broker I am currently using is not true ECN therefore spread in normally between 1.6-2.0 on EURUSD allowing greater profits via ecn+commission. Unfortunately, the brokers in partnership with Currensee are not ECN and can not compete in regards of spread. What is the best spread on EURUSD with the Broker partnership at currensee.com?
I'm interested in becoming a trade leader, but my average pip gain is 5-6 pips. The broker I am currently using is not true ECN therefore spread in normally between 1.6-2.0 on EURUSD allowing greater profits via ecn+commission. Unfortunately, the brokers in partnership with Currensee are not ECN and can not compete in regards of spread. What is the best spread on EURUSD with the Broker partnership at currensee.com?
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Link your account to Currensee and we can take a look at it. 5-6 pips of gain on the EUR/USD is marginal but it may work. We have some brokers that have around 2 pips on the EUR/USD.
So December wasn't such a hot month for the trade leaders. More than 50% of them didn't actually trade for the entire month and the ones that did kept losing money - there is definitely something going on in December that keeps some people away from the market.
Portfolio is down an overall of 4% which is not that bad in my opinion and January started out strong with a gain of 1.8%
Dropping Winzor was apparently a mistake as he made close to 10% in the month of December.
So December wasn't such a hot month for the trade leaders.
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I was looking at your trade leaders thing early this week. IIRC they retain their status as long as your custom performance metric remains above 80
Do you publish performance statistics for trade leaders who are now below that level ?, and out of interest, what percentage of the applicants to the trade leader program are currently below the threshold, and not elligable to trade investor funds ?
sorry of this has been covered in this thread, but I couldnt find any details on your site.
