Long term investment in the Forex?
I was talking to a Forex trader friend of mine from Russia on skype the other day, we both trade manually and build robots around our strategies. He was showing me different accounts he had running and showing me the results. He is doing very well for himself.
I asked him to open a managed account at our brokerage, and he said he already had!
He has his long term investment account traded as a managed account and his riskier trading accounts are not managed.
In his back testing his Max Draw Down was 20% and his yearly gains have been 100 – 200%, Although I don’t like to rely to heavily on back tests, he at least knows how to run them with 99% quality.
His account is only 26 days old but I have it on my watch list as it performing eactly as it did it his back tests.
This account consists of 2 robots he made himself and one commercial robot he has modified, he also manually does some of his long term investment / trades in this account.
He said he wanted a place to put his profits from other accounts where he could not worry about it. So he created this Long Term Investment Managed Account for himself. Brilliant, I have been looking for one too!
The account is called “Trend Deposit” You will find it in the list of Managed Accounts in our brokerage. It’s offer is $50 Minimum and 30% fee on high water mark.
I invite you to add it to your list of accounts to watch, the more accounts I can add to this brokerage that have Max Draw Downs 20% the or less the better I feel and the safer I feel in diversification.
My last post “Live Day Trader Team Managed Account” goes over another account I consider to be a long term investment, but not of the usual sense, as it is a very active trading account.