Managed Forex Accounts

DEV 2X managed account is now down less than 1% at the end of today. With three more days to go in May, I sure hope it can end the month in positive territory again.

Sentiment has been sitting near low point in drawdown for a long time. Will remove it from portfolio soon. It was not a disaster as far as drawdown goes, but it lasted too long and time is money.

No trade in QFX. Getting the web page ready for it.

WON up fraction of a percent. The trader will trade small $1K test accounts for up to 3 months before the $5K minimum kicks in.

007 hitting new lows for a few days in a row. Lost over 2% today. Peak-to-valley drawdown reached 18.7%, down 15.54% in May, and lost 12.39% overall since Jan 23, the start of the program at current broker. It was touted as low risk, low drawdown managed account, but it looks like we can slowly bleed to death this way. Ready to abandon ship with my test account.

Labels: 007, devrim, forex managed account, managed forex accounts, QFX, Sentiment, WON

Devrim finished April with 5.47% at PFG in 2X accounts. His profitable month streak is now at 19. No new trades at PFG since last update. He usually starts trading at his own firm first every month, where he made 1 trade, up 0.5% for medium risk group in May.

April was another down month for SEN, -4.02%. Up 1% this month.

QFX is about break even since April 10 at PFG. Its drawdowns are small,less than 5% in over 2 months of total testing period so far. Will test it longer. Old statement from a $25K account can be found here.

007 finished last month at 1.72% gain. Had two consecutive losing days in May, down 5.6%. Overall, it is down 2.1% since Jan 23, the start of managed account at current broker. Peak to valley drawdown is 9.2%. When I plotted the daily equity curve, it looks like random walk around zero line. Not impressed by the results so far although the drawdown was not excessive.

WON had a moderate drawdown of 5% after my small test account started because the trader changed his strategy to day trading. Now he is reverting to his old style of medium term, low leverage strategy. Test account is still down 2%.

Labels: 007, devrim, forex managed account, managed forex accounts, QFX, Sentiment, WON

Devrim surprised me again with more trades today, made close to 0.7% in 2X account. So he is up almost 5.5% on the month.

Sentiment Aggressive dropped a bit more, down 5% in April. It is really struggling to get out of the current drawdown.

QFX had no trade. The trader agreed to lower the commission.

WON lost(pun intended, lol). Test account is down 3%.

Another bad day for 007, lost about 3.8%. Down 1.8% in April, up only fraction of a percent since Jan 23.

Labels: 007, devrim, forex managed account, managed forex accounts, QFX, Sentiment, WON

Dev is up more today. It is positive now month to date, about 1%. Has a small position on at the end of the day. He is amazing. I admit sometimes I am a bit scared during the drawdowns when the account has a pretty hefty leverage buildup, but it is good to see that he takes losses now more readily than ever.

007 down 3% today, lost all profit from Jan 23 to date.

QFX had a break even day but down a bit after commissions.

The trader forgot to trade my $100 WON account today, only traded his own account, lol. So I missed another 1% gain with low leverage. I do have statement from his account. The problem will be solved tomorrow when his account also goes into the "Fxmanager", Oanda's own incarnation of PAMM software. He traded aggressively in his own account this month, up well over 40% month to date. But he is more comfortable using low leverage trading other accounts.

Labels: 007, devrim, forex managed account, managed forex accounts, QFX, Sentiment, WON