As of 17:20 EST – we have closed 8 trades with 7 winners and 1 loser.
Closed:
+$12.36 All closed trades
+$4.64 Today
I will figure a way to track this better.
Open:
+4 USDCAD .18 lots
-42 EURCHF .06 lots
-$1.72 Open
$997.36 Balance
$995.64 Equity
As of 16:30 EST – none of the open trades were closed. I did notice the 2 open trades did have a large lose during the day. However the beauty of this system is my account is proportionally traded with all of their other account at InterbankFx. So any drawdown is minimal. I’m kind of liking the lower risk here.
2 open positions down: -$5.67 EURCHF is -72 pips and USDCAD +3
Balance: $994.06
Equity: $988.90
As of 16:30 EST – they have successfully closed 2 trades:
USDCAD: .2 lots +29 pips +$5.18
EURUSD: .08 lots +14 pips +$1.12
2 open positions down: -$3.25
Balance: $993.26
Equity: $990.01
Screenshot: http://minnelli.com/forex/fxguru/
.1 lots of EURUSD netted 12 pips for $2.40 gain
Balance = $987.31 (with swaps etc…)
2 open positions down -$2.96
Equity = $984.35
At some point I will work out a nice format to publish this data. But for right now, lets live with it this way.
Interbankfx (FXGURU)
FXGURU.net requested I use Interbankfx as the broker. The setup was pretty simple, the standard issues with forgetting to send this or that form, but pretty painless. I funded this account with $985 because they had a credit card processing fee of $15 for a deposit between $500-1000.
FXDD (Fx-Auto)
This also was pretty simple but because I didn’t fill out the fx-auto power of attorney form they opened a standard forex account. It did take them about a day to fix the issue and get me the correct logon and password for the fx-auto platform. Because I has a demo account rolling I noticed the systems I wanted to trade were all up. The one day delay lost me 150 plus pips, but who is to say I would have really picked those systems in my real account. I was just happy to see the demo working. In this account I funded it with $2500 and they gave a nice 2.5% BONUS, so my starting capital here is $2562.50.
Earlier last week, around April 16, 2007 I started to review some trading strategies over on the Moneytec forum. I was trying to find an old system I placed up there a few years ago. However, they have cut some of the old posts out and I wasn’t able to find it. So I made my way to the ForexFactory to poke around. I started reading posts about hedging and carry trades (lower risk stuff), but couldn’t find anything interesting that would allow me to do my normal job and forget about the trades. I was looking for a simple system to maybe run once a night and forget about it. What I discovered I needed was a money manager – someone who didn’t charge an arm and a leg and who would allow for LOW minimum account balance.
Here is what I came up with:
These guys allow a minimum of $500 and do charge an incentive fee of 20% and $1 per round turn on the trades. Veselin Spasov is the head manager and I think they have 4-5 guys on staff, but I’m not 100% sure. I will let you know who this goes.
http://www.fx-performance.com/ or http://www.fx-auto.com/
I opened and account with them because I could see validated trading results. They have like 50 systems you can trade automatically through FXDD. The system is called FX-AUTO. I will let you know what systems I’m using and the results. The minimum amount to start is $2500 – they do charge $1 per round turn on trades, but you do NOT have to pay $100s in monthly subscription signal fees. They do have a demo which I would recommend downloading and testing it out for yourself.
