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What is the average performance of the CorrFX program at gofxpro? He shows the performance from the Autofx program, but I understand that is purely a c4 robot on a MT4 platform and it is not actively traded.
The managed account trades with less leverage and tighter stop losses than the c4 robot, right? The performance of the managed account, therefore, is not really what we see on the website. I know it must be good, but is it as good as the C4 robot?
Hi Maxi,
Do you have an account with GoFX? Whatever information that has cleared compliance is available on the GoFXPro website GoFXPro.com Forex Correlated Trading.
"Good" is a relative term. Some would consider a 10% return in the worst trading month in years with less than a 4% drawdown "good". Some would consider a 50% return in a month with a 50% drawdown "bad". It is all in the needs of each investor.
Bill Young considers 10%/month with small leverage and low drawdown good. And, if he can hold that pace those returns double an account in less than 8 months. Is that good?
BTW, slow and steady also attract the seven figure clients. It is a whole lot easier to process the paperwork for one $1M client than 200 $5K clients!
Please note I fortified my stake and there is more to come....slow & steady as she goes...Please remember I am not suggesting that any of you invest your money in a managed account. That is up to you and you can lose all of your investment...so do not blame me if you do. I am simply sharing my experience with you on this public Forum which is very rare to find...I hope this helps those of you that want to understand about this way of growing capital. Also understand I do not represent Bill Youngs good name...gofxpro...Bill B...Forextsd..or anyone, but myself...I am simply a private accredited investor wanting my managed account program that I have invested in, to grow and flourish.
Report Date 9/6/2007
Account
Customer Name Michael
Introduced by Bill Young/GoFX IB Account
Liquidation Value In Terms Of US Dollars
Previous Balance 5,492.28
Unconverted Currency Difference. 0.00
Realized P&L -48.47 Payment 5,000.00
Journal 0.00
Commission 0.00
Long Option Premium 0.00
Short Option Premium 0.00
Net Option Premium 0.00
Conversion 0.00
Ending Balance 10,443.81
Unrealized PL 0.00
Collateral 0.00
Market Value Of Long Options 0.00
Market Value Of Short Options 0.00
Net Market Value Of Options 0.00
Liquidation Value 10,443.81
Rollover P&L 0.00
Deposit Requirements 0.00
Account Excess / Deficit 10,443.81
Withdrawable Fund N/A Managed Account
Last edited by ElectricSavant; 09-07-2007 at 12:49 AM.
Let me understand, do gofxpro use this EA for their managed accounts?
Yes, GoFX uses my C4 EA as ONE of their tools in their managed accounts, as well as a handful of other robots and indicators I wrote for them, AND they use several other proprietary systems I did not write. Which system is employed depends on market conditions. One system does not fit all markets.
What are the steps required to take that I may try this EA?
Steps? We don't need no stinkin' steps!
Well, ok there are a few steps. Files are online in my yahoo group in the Files section. Remember, it is a tool and you are in charge of the brain work. Some have done very well with it this last couple months. Some have thrown on a bunch of long JPY carry trade positions and lost a ton. The robot manages the trades you choose, and it can be used in several systems from carry, to correlation, to basket, to even a news trade variation.
Maybe I better stop spreading his name around so quickly...I can imagine he has got a few new clients... I made a few phone calls and posted to a few friends Friends tell Friends and so forth...Us traders need to stick together...
Good Trading to All...(spread the word...slowly but consistently, we need Bill Y to concentrate on his trading)
I do not speak for Bill Y...so I may be totally off base here. (Bill B has recently given him some new tools and maybe he is buried in research?)
Today was another profitable day (made 48 bucks on my 10.5K account and flat)...But I cannot post the journal so often to this thread as it is not my thread and I do not want any complaints. I am surprised I am allowed such liberty thus far.
Folks keep in mind there will come a day when we lose Bill Young..(I speculate in about 1.5 years when he gets his live track record to two years, he will start to get many more offers) he will be gobbled up by an institution...Retail is no way to go, with the caliber of trading he is doing...Drawdown is unmeasurable recently...not even a whole percentage number...
Be a low maintanence client and let him do his magic...I have never once spoken to him on the phone and I have sent three or four emails in 30 days in total...which is way too many...(That is enough for two years..but in my defense two of them did not require a reply...it was simply informing him of funding) I hope to build my account up to a respectable level soon and hope he does not drop me...Remember it is a two-way street.
ES
P.S. I once sent a bottle of fine wine to a trader that did very well for me once...no I cannot tell you who...as the fund is closed now to new clients and I am sworn to secrecy..Bill B...likes beer...I am going to send him some Coronita's as a joke some day...
Last edited by ElectricSavant; 09-11-2007 at 06:09 PM.
GOFXPro don't reply, and don't have results posted for August, still.
Anyone know why?
Compliance is the answer. Bill Young is a licensed professional and will not do anything to compromise that license. As a licensed professional his is NOT allowed to do certain things, and some other things are strongly discouraged. Posting results is one of these items. Please keep in mind that August ended on a Friday followed by an American holiday weekend, so it has now been only ONE business week since August closed. That is not enough time to get compliance approval. But, be assured that anything on the GoFXPro website has been submitted and approved by the PFG compliance department, as well as submitted to the NFA.
Bill Young receives more than 100 emails on a slow day. With the market turmoil since August, there haven't been many slow days in quite a while. Even on days when the market is apparently quiet that is not the case. The market has been coiled tight and making sudden panic moves. This keeps Bill Y extremely busy.
PDHow, are you a GoFX client? His first priority is to trade for his clients, then to answer existing clients, followed by questions from those who want to open accounts. That is an 80+ hour week right there. He simply does not have time to answer the dozens of questions he gets from non-clients asking for a preview of his results, how he is trading, what pairs he is trading today, what he thinks will happen with the JPY this week, etc.
I made a few phone calls and posted to a few friends 
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