TulipFX introduces Managed Account service.

[Dutch]

In theory, if say it makes 5% of the beginning account balance each month for 12 months without drawdown month, compounding at the end of the month, the balance will end up 79.6%, year2 should end up 222% of the original balance. not sure if I'm right.

It compounds just like any other portfolio of EAs you'd run on a live account. So it compounds daily, but all this ofcourse depends on how often you get trades and what the MM settings are, etc.

In the MAM case at TulipFX, you'd be compounding every closed trade, as you'd have a new balance.

Cheers, Dutch

[slammle]

Any chance there will be a managed account service for U.S. citizens in the future?

[Ozzie]

Hi Slammle,

At this stage no. We are cautious of the NFA regulations and their continuous updates on new rules/laws and do not want to fall foul of their complex and changing regulations.

If an entity (person, trust, company) can have an account traded with Pepperstone, then we can accept them.

[ergos]

Hello Dutch&Ozzie,
I don't know it it has been asked before but which is the policy to withdrawal funds from the MAM?

If there are more than 10k$ after your commission fee has been paid in an high watermark month then we can withdraw funds with the limit of not going under 10k$ ?

If we want to exit we can withdraw everything in every moment?

Thanks.

[Dutch]

Ergos,

You can pretty much withdraw anytime when there are no trades open, but we kindly ask to keep the balance above 10K.
Withdrawing funds with trades open is just not a smart policy as it will reduce your margin.

When you want to exit completely, please let us know and we will stop trading on your accout, let all trades wind down and we can remove the live account from the MAM.
You'll then have the live account completely at your own disposal and can do with it whatever you want.

In short: you're completely and continuously in control. Just use common sense (as you do with everything else in life).

Cheers,

D.

[ergos]

Thanks Dutch!

[Ozzie]

You can pretty much withdraw anytime when there are no trades open, but we kindly ask to keep the balance above 10K.
Withdrawing funds with trades open is just not a smart policy as it will reduce your margin.

That being said, we run all the systems on a conservative risk level, so unless you are withdrawing 90% of your funds it is not likely to be an issue.

[bubo]

Great to hear about your new initiative!

While I understand and respect your rights to the "baker's recipe", would it be possible to learn more about the number of systems you are trading, and the general type of systems involved? I am simply asking because of my concerns about the risks involved when I trade my money.

I really appreciate your myfxbook link because this illustrates what happened historically (without showing actual historical trades). However, it does not cover what could happen potentially. If you have a way of explaining a little more about the style of trading without giving away too much about the "Baker's recipe", I would very much appreciate that. Are the systems similar to Kangaroo EA in risk structure, or very different?

I don't mean to be critical, but I am concerned how I invest my money, and knowing more about the risks is essential to determine how much to invest.

[Ozzie]

Hi bubo,

Through our past trading experience and development we've come to the conclusion that the only (real) way to become profitable in automated forex trading is to develop a good solid portfolio in which different strategies are used on different (non-correlating) pairs and timeframes.
We think we've found a good base at the moment, see our performance: steady growth while protecting the downside.

The risk on each system is set at around 3.5% maximum historical drawdown. Note this is not risk per trade, but maximum total drawdown from the high water mark.
We actually further reduced this number at the start of the year due to uncertainty in the markets and make "room" for new systems to be added into the portfolio.

We also have received some large funds to manage so wanted to make sure our mantra of 'Capital conservation #1 priority' was certain.

We will contiue to evaluate, develop and test new strategies that fit our criteria and complement and further enhance the performance of the portfolio, as long as its parameters fall within our guidelines.

Cheers, Ozzie.

[pipvic]

The MyFxBook account is looking very good so far but is the performance fee deducted in this account?