Forex Managed Account - Gap Trader

I have just been in contact with this manager:

I wanted some more information on his trading method.

He only trades weekend gaps: The difference between the price at weekending and the next weeks opening sometimes results in a price gap.

He has done much research into the weekend gap phenomena and although it is well known that it can be quite lucrative to trade the gap and that it has a very high chance of returning to close the gap, it has been another thing to successfully do this with a robot, as I have seen robots that have been sold fail miserably attempting this.

He has developed a system that has worked for him live for over a year (he also has an amazing 3 year back test) and so he turned it into a managed account, it has 4 months history as a managed account. He uses fibogroup.ca because it is of the few that allow the little people like us to trade the real market open, most brokerages do not allow trading for another hour, and some even make you wait 2 hours. So it was the perfect place to put this EA into action as a managed account.

What I have had complaints on (I even complained) is that his offer is not good enough, I do not like paying 50% to the manager, especially if it is a robot. I told him that if he could lower it substantially I would be able to raise more funds faster for him.

So all I can say is that he is interested. We have not come to an actual agreement but we are in talks. I find this to be an exceptional managed account as it is, so if we do not strike a deal, I will still have my money in it.

I will let you know the details and what the accounts name is if he betters his managed account offer (it is impossible for a manager to change his offer once the account is made so he will have to make a new one).

Wish me luck and...

May the pips be with you, LOL

Damon Hunt
Funds Forex Managed .Com