We have decided to provide managed accounts services based on our profitable EA (The MillionPips EA)
*You need $1000 minimum investment in your Forex account with a regulated broker.
*We will send the Robot (The MillionPips EA) to your Forex Account.
*40% monthly performance fee on new profits.
*Only you control the deposit and withdrawal of funds at the forex brokerage. You can access trading records 24/7 but only our Robot can trade for you.
Potential clients may contact AbodA International LQUK007atYAHOO.com
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What is performance fees?
The performance fees(e.g.25%) are taken on a net new high watermark basis. A high watermark is the previous high in the participant's account (adjusted for deposit and withdrawals). It ensures that the fees only get deducted based on new performance, rather than just recovery of poor performance. In other words, if an account loses money over a period, the account must first recoup previous losses and then any profit above the net new high watermark is subject to a 25% performance fee. As an example:
System starts with $50000 initially.
At the end of first month, it makes $3000 bringing the equity to $53000, on which there is a 25% performance fee of $750 deducted.
Then, at the end of second month, it loses $4000 bringing equity to $49000, on which no performance fees are charged.
At the end of third month, it makes $2000 bringing the equity up to $51000, on which no performance fees are charged since the watermark was not reached.
Lastly, at the end of fourth month, it makes $3000, bringing the equity to $54000, which is a new equity high by $1750 over the watermark of $52250 ($53000 - $750) in first month, on which performance 25% fee of $437.50 is deducted.
Sunday, July 12, 2009
Saturday, July 11, 2009
MillionPips EA Multi-Currency version
Our goal for a profitable EA has now been achieved...
Profit: 50%-100% Monthly
Maximum Drawdown: 5-6%
While we need a hard proof(1-10 years live trading) we do believe this is a stable long term/short term winner that can work in any market conditions.
This EA will not be sold to the public. However we can run this EA on your account (5/5 or 3/7 profit sharing) if your are interest in growing your capital while sleeping. Minium investment for a managed account USD1000.
Profit: 50%-100% Monthly
Maximum Drawdown: 5-6%
While we need a hard proof(1-10 years live trading) we do believe this is a stable long term/short term winner that can work in any market conditions.
This EA will not be sold to the public. However we can run this EA on your account (5/5 or 3/7 profit sharing) if your are interest in growing your capital while sleeping. Minium investment for a managed account USD1000.
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