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Attachments: $2m of Capital Available for RAPA FX Omega - Traders needed
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$2m of Capital Available for RAPA FX Omega - Traders needed

  • #21
  • Jun 22, 2013 8:54am Jun 22, 2013 8:54am
Quoting Forexeurusd
let us say i make 3 trades in 1 year and 20 pips another trader makes 200 trades and 200 pips in 2 months with the same currency pair which trader you gonna choose ? lenght of track record is really not important.....no ?
Firstly I ain't going to invest with a trader who makes 20 pips in a year. I rather leave my money in the bank, but I get your point for illustration purposes.
Sure the 200 pip guy is looking interesting but that is 2 months, how do I know in the next 2 months who isn't going to drop 1000 pips.
The first guy gives me a little more comfort on this front.

Track record isn't everything but it does count for a helluva lot. I guess its finding that right balance. Less than a year is always risky stuff as people can get lucky.
  • #22
  • Jun 22, 2013 9:20am Jun 22, 2013 9:20am
Quoting mickson
{quote} Firstly I ain't going to invest with a trader who makes 20 pips in a year. I rather leave my money in the bank, but I get your point for illustration purposes. Sure the 200 pip guy is looking interesting but that is 2 months, how do I know in the next 2 months who isn't going to drop 1000 pips. The first guy gives me a little more comfort on this front. Track record isn't everything but it does count for a helluva lot. I guess its finding that right balance. Less than a year is always risky stuff as people can get lucky.

LENGHT of track record is not important...I said

being an academic, the most important is how statistical significant the results are, why not calculate that ?
  • #23
  • Jun 22, 2013 12:29pm Jun 22, 2013 12:29pm
Quoting mickson
{quote} I don't like this idea, the minute their is manipulation of data involved I am going to take a pass. Let us work with the broker and we will make a proper solution.
I take your point, anything less than fully automated is open to abuse. Oanda does have a MT4 facility but I set up my sub-accounts as regular fxtrade types.
  • #24
  • Jun 22, 2013 12:34pm Jun 22, 2013 12:34pm
Quoting mickson
{quote} On question 1, this is a guestimate but I would say about 60% are automated. On question 2, we are constantly recruiting we have a minimum quota of 10 but if we have 40, our portfolio optimizer will decided how the pot is split in terms of allocations. Question 3, we did an experiment in March whereby we gave some money to managers with very short track records that piqued our interest. Nurul Hidayat does not qualify for the Omega programme as his account size is too small and he is a little short on track record. Yes we are always looking...
Thanks for the answers. I'll message you next time I log in.

One more question, are you, or would you, consider setting up a forum for, say the top quartile for example, of leader-board members? Would be interesting to hear from the top traders you have, in one place discussing strategies, systems and life in general.
  • #25
  • Jun 22, 2013 5:35pm Jun 22, 2013 5:35pm
Quoting Forexeurusd
{quote} LENGHT of track record is not important...I said being an academic, the most important is how statistical significant the results are, why not calculate that ?
The statistical significance of the results is calculated in our RAPA Score, that is how we are able to compare traders with lots of different lengths in track record. We also say that in the 1st year we can place less reliance on our Score, that is due to the statistical significance.
  • #26
  • Jun 22, 2013 5:37pm Jun 22, 2013 5:37pm
Quoting chacha
{quote} Thanks for the answers. I'll message you next time I log in. One more question, are you, or would you, consider setting up a forum for, say the top quartile for example, of leader-board members? Would be interesting to hear from the top traders you have, in one place discussing strategies, systems and life in general.
We have some plans to make the site more discussion friendly in the near future. I agree with you that a more active forum board would be most interesting. Thanks
  • #27
  • Aug 31, 2013 10:26pm Aug 31, 2013 10:26pm
Just wanted to update that we have allocated more than $8.5 to FOREX traders in the last 3 months.
  • #28
  • Aug 31, 2013 10:51pm Aug 31, 2013 10:51pm
are you from Australia?

I dont think yet I qualify for this offer, but I would like to keep in contact.
been there done that, Good Bye
  • #29
  • Aug 31, 2013 11:02pm Aug 31, 2013 11:02pm
I tried to connect my mt4, but I think its not working at this moment.

I will try again next week.
been there done that, Good Bye
  • #30
  • Aug 31, 2013 11:11pm Aug 31, 2013 11:11pm
Quoting WhiteHorse
are you from Australia?
RAPA is an Australian company. We have offices in Australia and the Ukraine.
RAPA Cap intro is a global initiative and is not geographically restricted.
  • #31
  • Aug 31, 2013 11:12pm Aug 31, 2013 11:12pm
Quoting WhiteHorse
I tried to connect my mt4, but I think its not working at this moment. I will try again next week.
if you have any specific support related queries please feel free to email your question to [email protected]

All the best.
  • #32
  • Sep 3, 2013 3:24pm Sep 3, 2013 3:24pm
Dear Mickson

Please visit my thread and results , I can manage your account with at least 15 % monthly steady profit if you really can invest 1m of capital in Forex Market .

http://www.forexfactory.com/showthread.php?t=436497

http://www.myfxbook.com/members/fore...signals/614422


Hope for more cooperation .

Regards
Arastoo

Skype ; arastoofx
Email : [email protected]
Mobile : +98-9372172025
  • #33
  • Sep 3, 2013 6:24pm Sep 3, 2013 6:24pm
Quoting arastoofx
Dear Mickson Please visit my thread and results , I can manage your account with at least 15 % monthly steady profit if you really can invest 1m of capital in Forex Market . http://www.forexfactory.com/showthread.php?t=436497 http://www.myfxbook.com/members/fore...signals/614422 Hope for more cooperation . Regards Arastoo Skype ; arastoofx Email : [email protected] Mobile : +98-9372172025
Hi Arastoo, if you visit our RAPA site you will see that we have allocated over $10m and yes you are free to contact any one of them to confirm whether RAPA invested with them and yes we do have $1m to allocate to high quality managers.

Unfortunately you don't get it - serious money will never invest with someone who claims to be able to make 15% per month. That would make you better than the best investors on the whole planet. Your system you are referring to is a martingale strategy which will no doubt blow up in due course, mathematically it always will no matter what spin you give on it. It is not a question of if only when. I don't wish to be rude but I find outlandish claims by people in this industry very annoying.

My last point on the matter is that you claim these fantastic returns while still trading on a demo account, RAPA never allocates 1 cent to anybody based on a demo account and no demo account will feature on our Leaderboard. This is what I had to say recently about demo accounts.

Congratulations on your recent marriage all the best. I hope you prove me wrong as all that will happen to me is I will be wrong and you will be a great success.
  • #34
  • Sep 4, 2013 1:07am Sep 4, 2013 1:07am
Quoting mickson
{quote} Hi Arastoo, if you visit our RAPA site you will see that we have allocated over $10m and yes you are free to contact any one of them to confirm whether RAPA invested with them and yes we do have $1m to allocate to high quality managers. Unfortunately you don't get it - serious money will never invest with someone who claims to be able to make 15% per month. That would make you better than the best investors on the whole planet. Your system you are referring to is a martingale strategy which will no...
Dear Mickson

First of all I should tell you that my strategy is not a martingale strategy and it is comeletly based on support and resistance lines , so if I tell I can earn more than 15 % is not mean that it will happen every month , but I can sure you that my total risk management will be just 15 % and in other hand only 1/2 total profit .

I am trading for more than 8 years and I tested my trading style for more than 3 yeas , fully tested . The reason that I do not have real account is I have problem to send out money from my country as some bank transfer sanction as you know and if decide to fund my account via 3rd party , the broker will not accept , so I decide to manage other investor's capital to earn money my friend .

so you only let me manage an account of 10,000 USD , then I will show you how my trading style and money management and my knowledege make 5-8 % monthly profit . I think 10,000 USD is nothing for your company who offer 2m USD to other traders . If not , so please check my demo results for next 2 month , if it is positive like now , then give me a chance to manage your account . OK ???

Regards
Arastoo
  • #35
  • Edited 1:54am Sep 4, 2013 1:37am | Edited 1:54am
Quoting mickson
{quote}Unfortunately you don't get it - serious money will never invest with someone who claims to be able to make 15% per month. That would make you better than the best investors on the whole planet.
Sorry but I totally disagree and so should you. In your opening post and your website you aim for traders and that's a different league. Traders, when successful, are not there to make 1 or 2% a month. They use leverage and are not in some sort of buy and hold strategy for a hedge fund average performance. Investors for those alternative styles know that and are probably just allocating a small portion of their net worth.

A good trader has to make a nice performance compared to a healthy haircut. Any market maker on the floor or propriety trader that fails to make considerable money on his account, will be laid of at the end of the year by his boss or those who fund him. When a "western" trader is using his own money and assuming he has to pay for the bills and taxes, he needs some 1mln to trade with, if 1 or 2% per month is made.

In my opinion a trader should make a lot more, maybe not 15% a month. The most important thing for him to do is keeping a good eye on risk/return with some max draw down and small risk per position. It's known that back in 2008 investors that had large accounts with banks lost double digits (maybe half of their account held at that bank) because the traditional banks and hedge funds didn't cut their positions, they are only able to look at the sky. With a good trader this won't happen, however with a cowboy trader this could of course.
  • #36
  • Sep 4, 2013 8:26am Sep 4, 2013 8:26am
Its about risk-adjusted returns - not your % number. If you go for 15% per month, its going to be a lot more messy than an investor will be able to stomach(unless you found the actual grail). Madoff had billions under management with consistent 1.5% per month, but with basically zero drawdown and volatility - and that is what investors by and large want.
  • #37
  • Last Post: Dec 12, 2013 3:35pm Dec 12, 2013 3:35pm
Hi All,

I would like to add to this original thread and say that we have more than $15m of capital available for our Omega product. Essentially if you can demonstrate a RAPA Score above 60 with a track record of longer than 1 year, you are more than likely to receive a capital allocation.

Look forward to meeting new talent.

Mike
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