Capital Available for Traders

RAPA Cap Intro is an online webportal that matches trading talent with capital. We offer support to Meta Trader and Interactive Brokers.
We will be allocating $1.2m to 5 traders at the end of March, come and register it is free. http://rapacapintro.com

As I am relatively new to Forex Factory I thought I would introduce RAPA with a short note I wrote when we launched 2 months ago.

Dear RAPA Friends

We are thrilled to launch RAPA Cap Intro, the culmination of a decade long dream where we match trading talent with investment capital on a web portal. To assist the community with assessing trader's talent we have developed a proprietary RAPA Score with our team of 3 Ph.D.'s whose expertise range across: trading, investments, economics, mathematics, computer science and psychology. Using our quantitative approach to calculating a traders risk adjusted returns we are able to publish a dynamic RAPA Leaderboard where the best traders are able to attract the attention of the RAPA community and raise capital. In designing our scoring system we have studied some of the largest CTA and hedge fund databases and together with our behavioural finance background we have incorporated some psychological and statistical scoring metrics as part of our total RAPA Score.

Members of the community will have access to a broad suite of analytical tools to measure their individual performance or consider their relative performance to the community of traders via the RAPA Leaderboard. However, RAPA Cap Intro is far more than a profit and loss tool for traders. In collaboration with a number of peak performance psychologists and drawing on the team's personal trading experience we have seamlessly integrated a "thought journal" with the trader's Profit and Loss database, as represented by the RAPA Wall profile.

RAPA Cap Intro is all about levelling the playing field, giving traders a fair go and most importantly discovering exceptional talent. It doesn't matter if you are trading from a garage in a remote part of east Africa or from the Goldman Sachs Manhattan trading floor. It really doesn't matter if you never finished high school or you are an MBA Harvard graduate. We feel confident that by interfacing with the Interactive Brokers administration platform we will be able to provide our community with an "audited" RAPA Leaderboard.

As part of our initial launch we are delighted to have succeeded in attracting our first capital investor Gleneagle Asset Management (AFSL: 226199), with a commitment of $1.2 million seed capital to the 5 best placed traders on the RAPA Leaderboard (at the end of March 2013 � please visit the Gleneagle profile to learn more about the conditions). Gleneagle is an Australian licensed, management owned, client-focused boutique investment firm that oversees the management of more than $90m of assets. Gleneagle executives have seeded more than 16 managers over the past 30 years who have gone on to collectively manage more than $5 billion in trading capital.

Please register and tell your friends about our analytical and social network tools, not to mention the potential seed capital that is on offer. Click here to visit the site.

Regards,
Michael Berman, Ph.D.
CEO & Co-Founder

Our leading FX trader on RAPA.

Come join us for FREE at RAPA Cap Intro and help us break through 600 members and $20m of real money being traded. You could join Kevin Saunders our first trader allocated $100k.

We have just released a new version of our RAPA Ranking Algorithm.

In our first iteration we relied heavily on the Sharpe Ratio (SR), we have now moved on and adopted the Probabilistic Sharpe Ratio (PSR) invented by Dr Marcos M. Lopez de Prado. Marcos is the Head of Global Quantitative Research - Tudor Investment Corp and a highly respected academic.

Click here to read our algo release note.

do i need to open a real account in order to participate?

You register for free and you can get a RAPA score with a demo account. So you can check your level of skill.
To qualify for the leaderboard and an allocation you need to have a track record with real money. The size of the account does not affect your ranking.

Check out how our RAPA Ranking algorithm performed in a backtest.Check it out here.

Hi Guys

We had a surprise $ inflow today that must be allocated to 5 MT4 traders next week. Click here to read more detail.

Mike

Hi Guys

You can use our software for free take a look

Topfxcopier.com

Nobody has 100% winning trades why not show how your open positions are doing to see a proper picture.

Hi and a good question

Of course we do not get 100% winning but we do get well over 90%

As you can see on our live money results our equity is up so regardless of open trades we are winning

But to get back to your question we do not show open trades or pending orders as others would use the information for trend and in the worse case sell the free service we offer as a signal to others.

This is a free product we are not asking you to buy or pay us just if you like what it does feel free to use.

As you will recall we launched our site in November last year by announcing an allocation of $1.2m to the top 5 traders on our Leaderboard at the end of March.

RAPA has recently been appointed as consultant to Gleneagle Securities' seeding programme and we include these funds in "Capital Allocated" below. In due course funds that have already been allocated will recylce into "Capital Availbale" based on manager performance and other matters arising.

http://rapacapintro.com/mail/allocation.png

We are excited to launch the RAPA FX 1st loss capital programme together with Global Prime.

is the capital allocation separate for fx and other markets? Can you also explain how the ranking is derived in more detail, it looks a bit confusing, how high do you gotta rank to get capital and how often do you allocate capital?

The 10k minimum to open an account just to build performance is bit high, any plans to lower it?

Can other investors invest in the accounts or just RAPA?

Thanks for the question.

Capital allocation happens across all asset classes. We invest with option writers, futures traders, equity and bond traders.

The method of ranking is based on the RAPA Score, there are a few backtest examples on the website noticeboard. I have also attached a white paper for more detail. For summary purposes the Score is based on risk adjusted returns the core of which we use a derivation of PSR "probabilistic Sharpe ratio". The reason I say a derivation is because all our distributions for analysis are transformed from typical Gaussian distributions to Alpha Stable distributions.

We also look at things such as deviation of the mean and draw down recovery probabilities. We are a team of 3 Ph.D.'s who have cooked up this proprietary recipe. While it should be confusing if you were to try and reverse engineer it, it should be somewhat intuitive once you get a feeling for how seriously we view risk adjusted returns. So shooting the lights out with 200% returns and having a 40% DD along the way is not necessarily going to score you highly, as the probability of blow up increases exponentially passed a certain point.

To get an allocation depends on the investor, so far all allocations are being made by a hedge fund called the RAPA Emerging Managers Fund. In future other investors will be welcomed to the site to invest alongside the fund. At this stage allocations are being made when capital is available which can come from new capital investments in the fund or recycling existing capital that is underperforming with existing managers.

I am not sure where you come to a 10k minimum, you can be on RAPA with any size account from any MT4 broker, or Interactive Brokers account. (I suppose if you are with IB then yes you need 10k minimum. You may be referring to the FX Omega we will be launching shortly, and our entry requirement being $10k. We do not intend to lower it, and probably will look to higher it. The Omega product is going to make serious allocations and based on that it will require traders that are already successful at managing other peoples money (OPM).

There will be more about the Omega product shortly, we are currently finalizing the legal documentation. Let us know if you need any further information.
Mike
http://rapacapintro.com

Hi All,

There have been a number of questions asked about the status of RAPA, as this thread continues to get views.

A few months ago we merged with FundSeeder.com we saw this as an exciting opportunity to partner with Jack Schwager and Emanuel Balarie.

Look forward to seeing you on the other side.

Mike