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I’m offering managed accounts. Here is the deal:
1. And the most important: Risk only what you can afford to lose. I don’t respond for partial or total losses on your account. If you don’t have much confidence, start little.
2. Only metatrader microaccounts, with nanolots (like FxOpen), or microlots (like Alpari-Russia, Alpari Uk). Non NFA-regulated (because we need to hedge). We can deal with minilots on US$40.000 balance or more.
3. Minimum balance on nanolots US$200 (FxOpen), on microlots US$2.000. No maximum.
4. Commission will be 50% of monthly profit, which must be transferred within 5 first days of each month, through bank wire, LibertyReserve, WebMoney, CashU, MoneyBookers, Alertpay. NOT PAYPAL. If you have another transfer system, we can look at it. You can transfer money from your credit card through any of these systems.
5. The trading system is semi-automated Grid/hedging system. Not martingale, but I use large stops. There is always a 0 – 30% floating profit/loss. If you need to withdraw a large percentage of money, or close the account, be aware that eventually we’ll need to close part or all the losing positions, which will traduce to a drawdown equal to the actual floating percentage. If you withdraw even a small percentage, that will increase your floating P/L. We intend to have a floating P/L less than 20-25%. In the case the floating increases over 30%, I’ll ask you for make an extra deposit to decrease that floating, assume a higher risk or close the losing positions. That’s your decision.
6. You must give me the login and password of your account (not the investors password). You can’t open or close positions, otherwise I’ll stop trading your account. I need the daily statements, then you can send them to me daily, or we can use a shared e-mail to receive them.
7. If you recommend me to anybody, and that person gets a managed account with me, I’ll discount 5% for each person from your monthly commission, but the net commission can’t be less from 20%.
8. If you authorize me to publish your account results, of course deleting your name and account number, I’ll give an extra 5% discount from your monthly commission.
9. I recommend you to open a “security” account with the same broker, and transfer weekly or monthly a percentage of your profits to that account (accordingly to your balance and floating P/L). For example you can transfer a 10 – 20% of your monthly profits to your security account. In case of total loss of your trading account, at least you have your security account. Even if you need to increase your balance in a risky situation, you can rapidly transfer money from your security account to your trading account (I don’t think it’s a good idea because you are risking your security money, too.)
10. There is no monthly percentage of performance guaranteed. From my experience, we can get between 10 -40 % monthly.
11. I’ll post here on a regular basis the results of 1 real managed account, and 2 or 3 demo accounts.
Here are the results for the first demo, since april 28th, 2009. Started $20.000.
Monthly profit (%) (composed):
April - 17.3%
May - 52.9%
June - 14.2%
July - 25.2%
Actually $50.829, 156.44% of start balance. Floating P/L 6.9%.
The account was readjusted in june, to reduce risk.
Note that the statement of july takes part of june, because I lost the first part of june statement. But you can verify that's the same account number.
Actual statements don't match exactly with the percentages above described, because percentages are taken on last day of month, and statements differ from that date. I promise to match those dates until this month.
This demo really began feb 24th 2009, but I lost the first statement.
Note that they have overlapped trades. In the same way I'll match the dates of the statistics with the statements from today.
It started with $1.000.
Composed % of profit:
March - 160.5% (including 1 week of february)
April - 19.8%
May - 26.1%
June - 30.7%
July - 38.4%
There are the results of a managed account.
I erased the number and the name of the account holder.
I attached the last day broker's report.
That account is managed since july 12th 2009. Notice that there is a large drawup, corresponding to a deposit.
% of profit - 24.75% (based on the two deposits). Floating P/L 13.7%.
Or you can look at the next page for all the accounts: marcelcorzo1's page | Myfxbook
Please note that I have trouble adding Alpari demos 1 and 2, apparently because they are too old. I have contacted myfxbook to fix the problem..
Why don't you become a manager with FXopen and monthly fee will get transfered automatically.
Thanks for the tip, I'm gonna ask FxOpen (I'm already checked with Alpari Russia) to open PAMM accounts or the client can take the normal process of sign up an account with LPOA contract (Limited Power Of Attorney) authorizing me to manage trades and transfer me the commission on a monthly basis.
I don't wanna get some like an IB (get commissions on the trades made), because mostly IB managers try to overtrade the account ("churning practice") and I don't wanna do that thing, I prefer long term and happy clients.
PAMM accounts are more difficult to me at this time, because I'll need to open a PAMM account with each broker, limiting the client's broker choice (although I know there are a little few brokers with Metatrader and micro or nanolots)
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