i won't as the fund has shown that it can destroy nearly all profits of the last months(!) in a few days! the time in which i believe broker-owned funds is over. i am pretty sure, that the fund will continue to shrink it's size again.

alan, my main advise for you is to learn selftrading, its the only way to really earn money in the forex. the key are the charts, they tell you everything you need to know, you can read from the candlesticks where the sellers/buyers are located, bearish/bullish pivots etc. forget those tons of indicators, they all are a step behind the market. the only thing which is the most important and goes a step further is the volume, but nearly nobody knows. volume, over/undertime analysis, bearish/bullish pivots etc. are needed to confirm my trades and only if all those components give green light, i enter the trade.
you can do any better than those managed accounts and that those shitty operators which work at the brokers. they only have the advantage to see your position, which is major, but they don't have trading skills and they don't develop their selves or keep on learning because they don't need to.

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

if you use metatrader, i would recommend to you the panca-eagle ea. it works best with my favorite gbpjpy.
i follow its behavior daily and it really works good. only one signal short and long a day.
it is quite good for beginners in my opinion. it follows the market 4 hours. form the ranging period after this time it generates a buying and selling area which has an unbelievable accuracy. it will generate serious profits as long as the stops are set tight but it doesent really often uses the stops. today there would have been abut 200 pips profit if you let the winners run.

i mainly trade by myself but i always look what this ea is saying. trading decisions are confirmed by toptrend, 2x ema and rsi.
i hope you will use it as i think it is one of the best.




http://www.daily-pips.blogspot.com/

you need the breakout zip and toptrend mq4 file from the download area.
in MT create RSI (14) with two areas 55 and 45
create 2x EMA 5 red and 13 yellow

the rules in short for you:

- only trade if price is out of the red box (4 hours)
- buying/selling in the green area. buy upper, sell lower green area.
- buying: toptrend has to be blue, rsi over 55, red ema has to be over yellow ema
- selling: toptrend has to be red, rsi under 45, red ema has to be under yellow ema

toptrend = red+blue dots.

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

Cool thanks for the EA mat. I'll check it out and test it for a while on my demo North Finance account. If it proves successful I'll see if I can test it on my InterbankFX live account.

I've always been looking for a good EA to implement. I may also try the Pipboxer V2 series. What do you think of that one?

Let's continue discussion on Pipboxer over here at this thread:

http://alansmoneyblog.com/forum/index.php?topic=2566.0

Before closing, I am just 1% down from my initial investment But I will keep it closed until FOMC meeting next week. I will give them 1 more chance.

Same here milen. I see that my account is only $60 away from my original deposit. I think the Sentiment Fund weathered the volatility storm a bit better than my galleonfx account. I heard though that galleonfx is slowly picking itself up, so I just may get back in as at the moment I know of no better managed account provider that will accept my puny account. I've made a posting on both of my blogs about the recent update from GalleonFX. Check it out if you're curious.

Maybe I jumped the gun and called it quits too early. But honestly that -40% drawdown made my heart sink. For a moment there I though it would just blow up the account completely. Irrational thinking I guess. Well, you'll be hearing from me as well with updates on both the Sentiment Fund and GalleonFX.

quick update: account is at $998, just two dollars away from original deposit. However I do have a -11$ floating loss. Still I believe by the middle of the next month I should have a nice overall positive balance. I'm glad I did not chicken out of this one

I've been in the aggressive fund since Sept 10th. On Nov 9th, I was up 22% on what I put in. Since then, I'm down 2.5%. 2 down months in a row - things aren't looking good. But, since it was the Dec/Jan, it could just be normal behavior. If that's the case, if I'm still in the account come Nov '08, I'll be sure to pull out 'til at least Feb '09.

Sure, you can do whatever you wish. I just wonder why people want to pull out though if they've had success with the account. I think MAs are a long term thing not some "put in some cash now and get a quick buck out in a few months" kind of deal. Anyways, that's just my opinion. I'm hoping they would give out consistent and positive results. I'm wanting to put the magic of compounding to work.

I mean pull out during the drawdown and then go back in. It's hard to gauge, of course. Mostly thinking out loud.

In my case, from 11/10 through now, it's been down with only 2 or 3 days above 0 (inter-day changes). Overall, it's only a 2.5% loss since I opened it (although it reached low of 17% down for me), but what if I could pull that out for the 2 or 3 months of drawdown and put it somewhere that actually made something?

Well yeah, you can do that, but like I said you can never predict when things will turn around. What if when you've pulled out thinking the account was in a drawdown period all of a sudden they score a big pip win? You would've effectively shot yourself in the foot by missing on a profitable move. My account is in drawdown right now too. I'm very much hoping they would give me some breathing room to weather future drawdowns but we shall see what the forex muses have in store for my Sentiment Fund. If this year they achieve the same 60% profit as they did last year I'd be a happy camper.