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Thursday, August 14, 2008

Forex Accounts update

by Managed Forex Pro
All the accounts are experiencing drawdown to some extent lately.

Devrim gave back most of the recovery gains since the big drawdown, with sizable open positions.

WON is down about 5% month to date, with open positions.

ROV is off 3.4% MTD. It has no open positions as it is a short term day trading strategy. The test account is still up 7.5% since May 11 start.

FSR is down 15% since starting a month ago.

QFXMA is down 0.8% with light trading.

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Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 1:56 AM 4 Comments

Monday, August 4, 2008

July Forex Accounts Summary

by Managed Forex Pro
Devrim had a bunch of good trades last week and the account recovered quite a bit, about 12% in 2X account, but still down about 20% from end of May equity level. The account will probably recover given more time. However, given the fact that the 2X account was down well over 50% at one point, it is too high risk because there is a saying something like "the largest drawdown is always the one that is yet to come". The base 1X account might be ok as part of diversified portfolio, although the risk/reward is a lot less favorable than we once thought.

WON finished July with 1.89% profit. It had about 4.2% realized profit and 2.3% floating loss on July 31.

ROV was up 2.09% in July. It was up more in the first half of the month and gave back some gains towards the end. Very good program as far as risk management goes.

QFXMA had a down month, with a loss of 1.75% in the base account, 5.25% in 3X account. Hope to see some good results from the new automated currency basket trading soon.

We started live tracking of a new automated day trading system FSR, which seems promising. Our test account is up about 2% since starting mid July. More on it later.

We no longer have 007 live tracking account after May drawdown. Heard it was flat in July.

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Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 1:35 AM 0 Comments

Monday, July 28, 2008

Forex accounts

by Managed Forex Pro
Devrim recovered a bit , with only small positions open currently. Up 2.4% for the month in my 2X account, but still down over 30% from end of May level.

QFXMA had no new trades for the past 10 days or so, as the trader has been working on automating the strategy at PFG. That work is now done, I was told, and the accounts will be traded live using the new setup later this week after some initial testing using our own account. More currencies pairs will be traded to spread out the risk.

WON currently up 3.5% on the month. The volatility in the account has been pretty low this month, due to low leverage.

ROV is a day trading program with excellent risk management. The accounts are up 2.1% for July as of this writing.

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Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 12:51 AM 0 Comments

Monday, July 21, 2008

Managed forex accounts performance update

by Managed Forex Pro
DEV ended June with 14.9% drawdown in base account, almost 30% for 2X accounts. And it got worse in July, down more currently. My 2X account is down 41% from end of May equity level as of last Friday, and more right now based on current market price. I really don't feel comfortable about the fact that Devrim is holding onto basically the same trade for so long. I will likely stop my personal account soon.

WON finised June with 3.1% profit. It has closed almost 4% profit in July. Trading will be more conservative till the end of the month to preserve realized gains and as a result, the new open positions are small and currently have 0.2% open trade drawdown. I particularly appreciate the low leverage/volatility of this account after the big drawdown in DEV.

QFXMA was up 1.6% for June in base account, 4.8% in 3X account. It realized some losses last week, down 1.5% in base accounts, 4.4% in 3X account for July.

Added ROV to our site. I have live tested this account for two months and am very pleased with the results as well as risk management.

Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 1:02 AM 0 Comments

Friday, June 27, 2008

Mixed results in forex accounts

by Managed Forex Pro
Devrim down more, 30-40% again in 2X accounts for June if he still holds the same position overnight, as the market continues to go against the positions. Hate to think that Friday is another news day and more volatility is expected in the account. Really don't like seeing so much risk in a trade. Maybe it is time to stop loss for me. This account should not be leveraged. At 1X, the risk is ok, but the reward is a bit low relative to risk.

Only another small profitable trade in QFXMA since last update.

WON trades came back into profit, up about 3% at this time. We will see if it ends the month with a profit or loss with two more trading days. It will probably be moderate either way.

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Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 2:20 AM 7 Comments

Monday, June 23, 2008

Forex traders

by Managed Forex Pro
Devrim dropped more, with base leverage account down 12.5%, and 25% in 2X account for June. This is an ugly month for sure.

WON is down about 4.5% with positions still open. The trader still feels confident in his long term position.

QFXMA only had a small trade since last update and it was a tiny loss. Up 1.86% month to date in the base account.

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Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 10:28 PM 0 Comments

Wednesday, June 18, 2008

Forex accounts

by Managed Forex Pro
Devrim off some today, back to 20% down in 2X account.

QFXMA closed the trade with a nice profit. Up 1.92% for the month in the base account, 5.76% in 3X account. He sometimes holds the trade after New York session close, but the trade rarely lasts more than 24 hours. The trader assured us that he will continue to strive for low drawdown.

WON is still holding, down 2.1% in June including open positions.

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Contact us for more info on the managed forex accounts.

Forex trading involves high degree of risk. Past performance is not indicative of future results. See full risk disclosure


posted by Managed Forex Pro at 11:30 PM 0 Comments


RISK DISCLOSURE Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

DISCLAIMER All information provided by this website is the result of reasonable efforts to obtain reliable content from third parties believed to be accurate. However, there may be delays, omissions or inaccuracies in such information. We do not warrant the accuracy, timeliness, suitability, completeness, or relevance for a particular purpose of the information available through this website. The User's correspondence, transactions or other dealings with any Third Party available through this website are between the User and such Third Party. We do not monitor the correspondence between any Third Parties and Users and shall have no liability in relation to any dispute which the User may have with any Third Party. We do not endorse and are not responsible or liable for any content, advertising, products or other materials on or available from Third Parties. Past performance is not indicative of future results. This website does not provide information on accounts that trade currency futures or currency options. The content of this website is in no way a solicitation to invest in or buy/sell securities.
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