Hmm..fxcm's backend is closed right now otherwise I would check on my trades, but about 6 hours ago the account was sitting on a loss. Do you know who the developer of the technique is? Does he/she have a website?

no, i dont know who the inventor is but it is called an inhouse product...they just dont want to give any detailed answer on it, except the fact with the ssi stats. so it is easier t osay we dont know how it works, but we have backtested it years and it works. if it was my personally money manager i would sue him for such a behavior or do other bad things to him. at least i guess, it is more profitable to rely on your own decisions. i dont get it. i am up 8% for this month, with 10/0 winner/loser trades, and i am not a hardcore market specialist.
i am down 9.1% for now. all positions closed. as is said before. they let the 2500$ winner positions which would have put me 2% upturn into -1900$ losers. i think that the found is potentially able to generate good profits, but here is the omnipresent problem with brokers cheating customers again.
every normal thinking trader would have closed the positions much earlier. but so far, the closed trades i have watched have fallen back at least 40% before closing. close positions on the second fallback or raising to the low/high..which more than often works as a rule.

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I personally believe, that they don't have maps.

Yes, I agree. A 40% drop down rule is good, or even 30%. I rather prefer to "miss a few winning horses" than to get hammered by losing ones. In other words I'd rather end up with a modest gain than a huge loss. This is exactly what a trailing SL is for.

As for the broker cheating their customers. I dunno, I would be utterly flabbergasted if FXCM ended up cheating customers of their OWN managed account offer. It would be like shooting yourself in the foot. But they may just get away with it as we can't see certain important information such as the price the trade was opened at which would make it a lot easier to detect any cheating. From what I know though FXCM now has no dealing desk so I don't think they're taking the opposite end of the trade. Therefore it is more likely that the loses that you've witnessed come about as a result of simple market volatility and the managed account's software inability to take profit before a quick and sharp move in price action. I gather that they're taking a similar viewpoint as Galleon - let the "winners run".

I will be extremely amazed if my account ends up back to my deposit balance when this month is over. Like I said before I won't comment much more as I will wait until June for a final decision on whether I will be keeping these managed accounts. If they don't perform I'll "cut the losers" and look to other managed accounts. I've been looking into the DEV opportunity or the FX Street Managed Account offering, so those may be possible alternatives.

As usual I will be writing a complete review on my blog about any managed account that I jump into.

wow..FXCM's Sentiment Fund is getting its but kicked...I'm down to $834!!! $800 is my limit..if it drops to that I'll just say screw it and look elsewhere..

i would really like to punish those bastards at fxcm.
at the beginning: good performance to lure customers and collect money. now those crooks have enough money in their fund, to move the big positions and sell the orderflow of their trades to other banks, so that they can open the opposite position. i suppose, they are getting nice fees for their orderflows, like they do it everywhere. it is the third time that i see it live, when they let 2000$ winners turn into losers and then they get closed. i am down 3500$ so far, including floating p/l.
but guess what, i will get all my money back from those dirty bastards. i will soon get out of the fund, i suppose, and then in will put some money into my live trading account to move some bigger positions. i only do trades at fxcm, which i give a 90% chance and when all my signals are right. month to date i have 100% winnertrades (12 safe trades), resulting in 14% profit so far. i will make those thiefts bleed and get all my money back
i am out of those funds and i don't really believe in the past performance of the fund. time to get back to the selftrading.

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I personally believe, that they don't have maps.

hmmm..I hear ya..I'm not too happy with the performance at all. I'd be inclined to say its due to market volatility, but at this point it doesn't matter as FXCM should be wise enough to shutdown trading if the strategy employed cannot handle such volatility - what can, scalping?


In retrospect I am glad that I did not put in a more money into the fund. At the end of the month I believe the Sentiment Fund will be known to its members as the "Bad Sentiment Fund" and if you're in the Aggressive Fund it will be known as "Aggressively Bad Sentiment Fund"

I wish you luck with your self trading. I gotta get back into that as well. If the crappy performance keeps up I just make take whatever remains of the test account and trade it on my own.

Today I sent a LPOA revocation request to stop trading with my account. I am almost 20% down for less than a month!!! I opened my account in the beggining of November and the best result was +10% just for a few days . I can do the same performance without the need to pay management taxes Probably I'll close my account.

Hi milen. Yes, the drawdowns are killer. If you think that's bad you should check out the GalleonFX thread on this forum. I lost 40% of my account.

Right now it seems the account is slowly recovering so I decided to keep it, but just like you if I don't see some meaningful monthly performance from here on I'll just forget about it and try to seek other managed account.

If I find anything good I'll be sure to post it either here on the forum or on the blog, or maybe even at my forex blog here http://alansforexblog.com - wherever. But for now I'm a bit reluctant to try any more managed accounts, so I'll be trading on my own for a bit - hopefully I'll do alright even though I admit I'm just a beginner.

milen, i hope that the fund still trades on your account. it made about 10% this evening.
my plan is to breakeven and then to close my fxcm account. i am "only" down 6% from my initial investment at this time.

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I personally believe, that they don't have maps.

I have pretty much the same drawdown, but I'll be keeping the account for a little bit more in the hope that I'll see some gains instead of these annoying drawdowns.