I have a blog about "Automated Forex Review". The idea is finding best expert advisor and I can trade it on my live account.
The fact is, not all trader want to sell their expert advisor. Traders prefer to do a managed account. Some of their reason are :
* Many decomplier in the net.
* The expert advisor is too valueable to sell.
* If lot's of people use the same expert advisor, the broker can do something to againts you.
I already join some managed account and they have their own rule. Some of the rule:
* They only accept limited member.
* Some of them don't allow to post the detail statement anywhere.
* Some of them require that you have to join under their referral.
In this blog I'm gonna post my managed account result managed by 3th party. All the managed account I join is a private managed account and the one I posted here already have approval with the fund manager.
Every month I'm gonna make the rank based on the highest result.
Duyduy Capital Investment
Duyduy Managed Account
Finally, I offer managed account service to "Duyduyfx.com" client only.
The trading doesn't use martingale or averaging system. It's based on price action and some indicators. Buy/Sell in low TimeFrame (m1, m5, m15). Every position have independent fixed Stop Loss & Take Profit with reasonable ratio.
I decided to stop the managed acct and I still run it in my own account. You can follow the result since 23 March 2009
U can also follow Smurf EA in Automated Forex Review
Bluechips Managed Account
Bluechips Managed Account is the 2nd managed account in 2009.
About Bluechips managed account :
* Using martingale EA work in USDJPY pair only
Bluechips managed account rule :
1. Trading deposit minimum $1,000
2. Profit sharing 70% for investor and 30% for trader. Trader receives no fee when trading is not in profit at the end of month.
3. All risk are on investors behalf.
4. Investor has to open trading account on Master Forex or Insta Forex under trader referrals
5. Register Master Forex "dollar" account here
6. Register Insta Forex account here
7. Investor needs to inform account number for referral checking before making deposit.
8. Previous month's profit has to be withdrawn in the first week of this month and put the balance into its initial balance.
9. Trading will be stopped when trader doesn't receive profit sharing within 7 days after withdrawal.
10. This Managed Account only left for 16 clients.
I join since 1 March 09 with $1000 balance and until 13 March the closed profit is $305.05 or +30.5% profit. You can download live statement dated 13 March 09
On 13 March 09, the fund manager ask me to moved to Insta Forex broker, so I make a withdrawal and open new account in Insta Forex broker with starting balance $1000.
So here is the conclusion :
1 March 09 Deposit $1000
16 March 09 Withdraw $1305,05
16 March 09 Deposit $1000
24 March 09 Withdraw $228.41
27 March 09 Deposit $2000
24 April 09 Withdraw $1866.64
28 May 09 Withdraw $842.63
30 June 09 Withdraw $2958 and quit the managed acct.
1 March 09 total Deposit $1000
Since 1 March 09 until 31 March 09 = $592.99 or +59.3%
1 April 09 total Deposit $3000
Since 1 April 09 until 30 April 09 = $1755.44 or +58.51%
Since 1 Mei 09 until 31 Mei 09 = $621.89 or +20.73%
Since 1 June 09 until 31 June 09 = -$14.61 or -0.487%
Total I already withdraw $3243.73
The reason I quit because June result is not so good. Maybe the market is not quite good, so will wait and see.
PVT Managed Account
PVT Managed Account is 1st managed account I join in 2009. It's a private group that hard to find and at last I can find it.
About PVT Managed Account:
* Using Scalping EA that works on EURGBP pair in Asia Seasion with reasonable risk and reward.
* Fund Manager only using FXOPEN broker because the spread for EURGBP pair is fixed even during news.
I join since 8 February 09 with $1000 balance and until 11 March the closed profit is $1274.04 or +127,04% profit. You can download live statement dated 12 March 09
Then on 12 March 09 I decided to create a new account for PVT managed account with $2000 balance using local deposit, because I deposit using Liberty Reserve and at that time there is maintenance in Liberty Reserve.
Until 21 march the closed profit is $1084.37
So here is the conclusion :
8 Feb 09 Deposit $1000
11 March 09 Withdraw $2396
12 March 09 Deposit $2000
16 March 09 Withdraw $700
I already withdraw all my initial deposit $1000 plus $96
There is still $2384,37 balance in my account, until 21 march 09 = 234%
The bad news is PVT Managed Account don't accept new client so I don't post the PVC Managed Account rule.
EDIT 25 March 09 : There is big loss in the managed account, the balance become $1009. The Fund manager decide to stop the managed account. I appreciate his decision. The last result is profit +100% since 8 Feb 09.
Hope he will open the managed acct again.
Safepips Managed Account
Safepips Managed Account is the 3th managed account in 2009.
About Safepips managed account :
* Using martingale EA work in USDJPY pair only.
(It's kinda same with Bluechips but it's different)
Safepips managed account rule :
1. Deposit minimum $1,000
2. Profit sharing 70:30 (70% for investor and 30% for trader)
3. Trader receives no fee when trading is not in profit at the end of month.
3. All risk are on investors behalf.
4. Investor has to open trading account on FXOpen under trader referrals.
5. Register FXOpen Micro Account leverege 1:500 here
7. Before making deposit, investor needs to inform account number for referral checking.
8. Previous month's profit has to be withdrawn in the first week of this month and put the balance into its initial balance.
9. Trading will be stopped when trader doesn't receive profit sharing within 7 days after withdrawal.
10. This Managed Account only left for 10 clients.
30 March 09 Deposit $1000 or 100.000 cent
24 April 09 Withdraw $242.75
Since 30 March 09 until 24 April 09 = +$242.75 or +24.27%
Since 27 April 09 until 31 May 09 = -$683,79 or -68.39%
Because of that, I decide to quit the Safepips managed account.
