The Golden Key

[Nick]

Hey guys,

I added an exciting new signal to ConnectForex.com today.

http://www.connectforex.com/signal/2480/Golden-Key.html

This is a manually traded grid strategy primarily on EURUSD and GPBUSD.

I really like the way this guy trades, however I've decided not to include him as a team trader because he's got some fairly strong views about offering the signal long term. He'll be cutting of signals to new subscribers in January 2015 and capping account balances to $20,000 for existing clients. A MAM will be available if you would like to continue following him with a large account.

This doesn't change the fact that he knows how to make money. I've been watching his account for the past month and I have to say that I'm really impressed with the way he operates. Even in this low volatility environment he's managing to extract a decent return.

He's told me the maximum risk he'll take on a basket of trades is 20% with a maximum of 30 open trades.

This is the most consistently profitable trader I've seen this year

[pearcey2]

Can the signal provider really see your account size? Or is it under the honesty system?

[timo]

Nick,

Do you know how he manages his current clients accounts?

a) Via a trade copier similar akin to SimpleTrader, or:

b) Running his EA on the clients MT4 terminals directly, on his VPS etc.

One big factor for a grid system via a copier is slippage.

I've been following Caesar2 (great system btw) for a while, which is a EURUSD grid. And the biggest thing I noticed was slippage during big baskets.

I thought it had to do with server distance etc, because the clients he was managing directly (with his EA on their MT4 on his VPS) had 0 slippage, and sometimes positive slippage. But I was nearly always getting neg slippage, even though I was on the same broker (ICMarkets), and was using the SimpleTrader VPS etc, so the most optimal setup possible.

It turned out it is purely because a big basket needs to close trades sequentially in order, and the copier needs to follow this order.
So we were noticing sizeable slippage via the copier. It averages between -5% and -15%, but can get as high as -50% sometimes, especially if closed during volatility.

So something to think about in advance perhaps?

And another reason why possibly he wants to limit the account size, is to prevent disturbances to liquidity. If it's trading only 1 or 2 pairs.

Looks awesome though. I love me a grid I must say
It will be tough to keep me away ...

[foxmajster]

Nick,

stats are really impressive but the broker AlfaForex isn't - not much info I could find on the web and their webpage is amateurish half english/half russian.
Would be great to know more about trader - how did you find him, do you trust him?

cheers, fox

[freddy250]

any idea what account size he is trading? and any chance to see history? hard otherwise to judge

[pearcey2]

I think the main reason he would want to limit account sizes is because 30% performance fee on a $20k account far outweighs $119pm if he keeps up his current performance

Account size as per the connectforex page is $493k

[timo]

I think the main reason he would want to limit account sizes is because 30% performance fee on a $20k account far outweighs $119pm if he keeps up his current performance

Account size as per the connectforex page is $493k

That's very true

And the commission markup alone on a PAMM at that size would be very healthy due to the style of trading.

[WhiteApe]

Can the signal provider really see your account size? Or is it under the honesty system?

Interested to hear the answer to this, but alternatively a max lot size can be imposed via the copier, presumably if that is what happens it will be the lotsize at 1x risk for a $20k account.

[Guest]

why promote transparency when traders fxbook's histories are set to private, heh.

[VictorTous]

[bismillahwd]

MAM will provide by you nick?
How is the minimum investment for the MAM? And what broker? Hope its IC markets Nick. Ill join


Sent from my iPad using Tapatalk HD

[VictorTous]

True identity!!

Nick, could you please clarify:

THIS:
http://www.pfsignal.com/

https://login.mql5.com/en/users/pfsignl_com

http://www.myfxbook.com/members/pfsignal

VS

THIS:
http://www.connectforex.com/signal/2480/Golden-Key.html
http://www.myfxbook.com/members/ManagedFXHub

???

[Nick]

Hey guys,

To answer a few of your questions:

- It's a $493k live account that's also being used as a MAM. He has around $30k of his own money tied up in it.

- AlfaForex is a Russian broker. I know it sounds dodgy, but I assure you the stats are real. I've been watching the master account trade on one of my monitors for the past month.

- Signal providers can't see your account balance, but I can in the back office. This signal is being run through my profile on SimpleTrader. So I'm administering the connection and the billing. Right now we don't have the ability to cap an account size, but it's something that vendors have asked for, so we'll probably introduce it down the track.

- I'm hoping to get the Myfxbook history revealed in the next few days. In the meantime the trade history is already available on ConnectForex, it's not like there is anything hidden, you just can't use the sexy stats thing that hovers over the trades on myfxbook.

If you guys have any other questions just let me know.

This guy doesn't speak a word of English Так что я буду получать все ответы на Ваши вопросы.

All hail Google Translate!

[Nick]

Nick, could you please clarify:

THIS:
http://www.pfsignal.com/

https://login.mql5.com/en/users/pfsignal_com

http://www.myfxbook.com/members/pfsignal

VS

THIS:
http://www.connectforex.com/signal/2480/Golden-Key.html
http://www.myfxbook.com/members/ManagedFXHub

???

Yes, nice job Sherlock.

Now please help us find MH370

[Nick]

MAM will provide by you nick?
How is the minimum investment for the MAM? And what broker? Hope its IC markets Nick. Ill join


Sent from my iPad using Tapatalk HD

Hi Bismillahwd,

Yes, I'll run the MAM. More details will be available later in the year.