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WON Managed Account track record and statements

Here is the detailed trade statement from WON trader's personal Oanda account: Nov 2007 - Apr 2008.
The following is the detailed statement from our own small test account at Oanda, which started in April 10 2008: April 2008 - May 2008.

Performance table (gross of performance fee):

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007                     1.85%1 30.83%2,3
2008 10.65%3 3.54% 8.50%3 31.08%2,3,4 14.52%              
Past performance is not necessarily indicative of future results.
1: only traded for 3 days: Nov 28-30, 2007.
2: The high numbers in these months are partly due to one or more high leverage trades.
3: There were deposit/withdrawals in these months, which were taken into consideration
4: Results from April 1-14 are from the trader's account, and from our test account thereafter

  • Broker: Oanda, a large US regulated forex broker.
  • Performance fee: 35% on high watermark, no other fees/commissions.
  • Maximum historical drawdown: <15% equity
  • Minimum investment: $5,000. You can test it with only $1,000, but we might stop trading the account after 3 months if the account balance is not raised to $5,000.

    Low leverage will be used in the base account, consistent with what is seen in the test account statement above. A maximum of 3:1 leverage will be used. For example, in a $10K account trading GBP/JPY pair, the position size would only be 15K unit, because 15K GBP is approximately 30K USD, which is 3 times the account balance, hence 3:1 leverage (most traders call it 1.5:1 leverage incorrectly). If multiple pairs are traded, then the maximum leverage is split among the pairs. For example, in a $10K account, the trader can simultaneously have these positions: 10K EUR/USD (10K EUR is approximately 15K USD), 5K GBP/JPY (about 10K USD), 5K USD/CAD. The use of low leverage should result in low account volatility. The trader aims for less than 15% drawdown in the base account. In the future, the managed account will be available at other brokers and can be leveraged by 2X and 3X.

    Click here for Oanda account opening instruction

    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.

    Copyright © 2007-2008 Managed Forex Pro. All rights reserved. Home | Investment Programs | About Us | Resources | FAQ | Contact Us

  • Copyright © 2007 Managed Forex Pro. All rights reserved. Home | Investment Programs | About Us | Resources | FAQ | Contact Us
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