Managed Forex Accounts

Devrim managed account got hurt more, ouch. DEV account (2X) equity is down about 16% on the month. Although we have been there before, I still get a bit anxious whenever we get into such drawdowns. He was able to recover to profitable month each time in the past, but I am not sure if he can do it this month with 7 trading days left and a lot of loss to make up. The market needs to move in his way big time. In the long term though, I still feel comfortable holding the 2X account.

QFX is up 6.44% this month on base account. We now have 2X and 3X accounts in trade at PFG as well. We observed about 5% drawdown during 3 months of test. Working on a track record page for it.

WON has done amazingly well in May on low leverage. When my test account first started mid-April, I coerced him to do ultra short term, strict day trades. It did not work out particularly well as it deviated a bit from his usual strategy. My account had a few percent drawdown by the end of April, after he did great in his own account for the first half of April. I gave him more freedom and he racked up a lot of pips of profit since then. He is already up 14.7% this month, using only 0.5:1 up to 3:1 of total leverage. I have only seen intra day drawdown less than 2%. He typically hold the trade from a few hours to a few days.

007 had its largest single losing day, down 7%. Peak to valley drawdown has reach 12%. Down 8.5% in May, and down 5.1% since Jan 23. As I said before, I see no up sloping of the equity curve at all. It only zigzagged around break even line for 4 months.

RGM up 2.2% this month. Profit is very moderate, but he is controlling risk very well with only a few percent intra month drawdown. Our goal is to find very safe traders and then leverage up the account a bit if desired.