Tweet
Please let me introduce our latest trader
Kilimanjaro!
I'm pleased to confirm that I've secured the talents a truly outstanding trader to join our team here at ForexSignals.com.
Kilimanjaro is a 100% manual strategy administered by a gentleman by the name of "Phil". Phil is the former head of FX Trading at JP Morgan Australia and has been trading currencies for the best part of 14 years for various Investment and Commercial banks. Earlier this year he cashed in his corporate job, bankrolled himself and is now a self funded trader working from his home office in New Zealand.
I've been spending the past couple of months getting to know Phil while also watching his account in action. I have to say I've been incredibly impressed with what I've seen. He is very active, normally trading several times per day, I think you guys are going to love it.
What I think you'll love most about Kilimanjaro is he cuts losers quickly and most trades have a fixed stop loss
Yes! He actually uses stop losses! I've observed a number of occasions when he's loaded into a position only to see it crash into a fixed stop loss without causing major damage to his account or his mental state. This also has the added advantage of avoiding extended drawdowns that drag on for weeks at a time. He's normally in and out of the market fairly quickly.
Phil has graciously funded an MT4 account specifically for us to use to submit signals to you guys (with a lazy $100k in it).
Due to the relatively short amount of history we'll be doing an extended trial. I'm hoping to release this signal early next year which should give you all of us plenty of time to understand his style and the associated risks before jumping aboard.
Phil - Welcome to the site, I'm personally ecstatic about having you as a member of our community.
Edit 19th November
Drawdown limits explained.
Phil obviously comes from an institutional background where drawdown is treated a little differently to that of Myfxbook.
It's all about the maximum drawdown during a day and during a month.
As he mentioned, the most he'll risk on any particular day is 5% of his account equity.
The most he'll risk on a particular month is 15% of account equity. However there may be occasions where he might borrow some of following months drawdown limit if an opportunity presents it's self. An example of this would be:
Month 1: Drawdown hits 15%, however he identifies a great trading opportunity and wants to capitalise so he extends to 20%
Month 2: Assuming the 20% mark was hit in month 1, his new drawdown limit for the month 2 is 10%.
You can also follow my account following on the trade copier - http://www.myfxbook.com/members/Nick...alscom/1097372
Edit 8th October 2015 - I recently conducted a full interview with Phil to give you guys a bit more of an insight into how he trades and what it's like working as an FX bank trader.
Kilimanjaro!
I'm pleased to confirm that I've secured the talents a truly outstanding trader to join our team here at ForexSignals.com.
Kilimanjaro is a 100% manual strategy administered by a gentleman by the name of "Phil". Phil is the former head of FX Trading at JP Morgan Australia and has been trading currencies for the best part of 14 years for various Investment and Commercial banks. Earlier this year he cashed in his corporate job, bankrolled himself and is now a self funded trader working from his home office in New Zealand.
I've been spending the past couple of months getting to know Phil while also watching his account in action. I have to say I've been incredibly impressed with what I've seen. He is very active, normally trading several times per day, I think you guys are going to love it.
What I think you'll love most about Kilimanjaro is he cuts losers quickly and most trades have a fixed stop loss
Yes! He actually uses stop losses! I've observed a number of occasions when he's loaded into a position only to see it crash into a fixed stop loss without causing major damage to his account or his mental state. This also has the added advantage of avoiding extended drawdowns that drag on for weeks at a time. He's normally in and out of the market fairly quickly.
Phil has graciously funded an MT4 account specifically for us to use to submit signals to you guys (with a lazy $100k in it).
Due to the relatively short amount of history we'll be doing an extended trial. I'm hoping to release this signal early next year which should give you all of us plenty of time to understand his style and the associated risks before jumping aboard.
Phil - Welcome to the site, I'm personally ecstatic about having you as a member of our community.
Edit 19th November
Drawdown limits explained.
Phil obviously comes from an institutional background where drawdown is treated a little differently to that of Myfxbook.
It's all about the maximum drawdown during a day and during a month.
As he mentioned, the most he'll risk on any particular day is 5% of his account equity.
The most he'll risk on a particular month is 15% of account equity. However there may be occasions where he might borrow some of following months drawdown limit if an opportunity presents it's self. An example of this would be:
Month 1: Drawdown hits 15%, however he identifies a great trading opportunity and wants to capitalise so he extends to 20%
Month 2: Assuming the 20% mark was hit in month 1, his new drawdown limit for the month 2 is 10%.
You can also follow my account following on the trade copier - http://www.myfxbook.com/members/Nick...alscom/1097372
Edit 8th October 2015 - I recently conducted a full interview with Phil to give you guys a bit more of an insight into how he trades and what it's like working as an FX bank trader.
Comment