Darwinex Trader to Hedge Fund Trader

[0FXTrader0]

Why are the top Darwins not trading for hedge funds.

Is a Darwinex track record worthy of getting you in the door of a hedge fund/prop firm?

I planning to open an account and compile 2yr track record.

 

[CavaliereVerde]

I think it could work.
BTW top darwins are registered money managers ( sersansistemas-SYO and finbou-THA ) using darwin as a technology to run their fund.

 

[0FXTrader0]

Darwinex seem to be competitive offering direct market access to their prime brokers Saxo and LMAX. And no one else insures account up to £1M

 

[IlIlIlIlI]

As Saxo and LMAX are not regulated markets, public hedge funds will keep out. For private funds it would be possible.

 

[CavaliereVerde]

When you manage a Darwin pr a Pamm you are self employed.

If you prefer to be an employee you can use the darwin or pamm trackrecord to prove your edge.

 

[0FXTrader0]

That's what I was was thinking to get a job in a fund would be quite worthwhile to have a Darwinex account as track record

 

[Milko]

Hello everyone,

let me ask you some doubts I have about which is the best way to do trading with Darwinex.

I would like to open a relationship with it and I have multiple strategies, so is it better for you to open multiple accounts (each for one strategy) plus one with all of them together or just one general account?

If I open multiple accounts are they all under my single profile or do I need multiple emails for multiple profiles (a slightly more uncomfortable situation)? I am trying to understand the best solution to attract capital. Thank you very much.

 

[IlIlIlIlI]

Hello everyone,

let me ask you some doubts I have about which is the best way to do trading with Darwinex.

I would like to open a relationship with it and I have multiple strategies, so is it better for you to open multiple accounts (each for one strategy) plus one with all of them together or just one general account?

If I open multiple accounts are they all under my single profile or do I need multiple emails for multiple profiles (a slightly more uncomfortable situation)? I am trying to understand the best solution to attract capital. Thank you very much.

Hi Milko,
welcome to this forum.

At DarwinexZero (the subscription version of Darwinex with demo accounts) you can only open one account for each user and email adress.

If you want to open real accounts and deposit real money, you can open them all under the same user and the same profile and email adress.
But be ware that you have to fund every account with (more than) 1,000 EUR if you want to share the DarwinIA contest.
If the minimum equity is less than 1,000 EUR anytime during the month, you will be excluded from DarwinIA for this month. That's how I read the rules.
Details about the DarwinIA participation are here to read

How to participate in the DarwinIA seed allocation programme - Darwinex

We allocate up to €10M to 150 DARWINs each month and maintain the investment for 6 months. We pay 15% on 6 months profit * €10M = €60M invested in customers.

www.darwinex.com

Every Darwin is related to one trading account.
If it were my decision, I'd try to find out whether the strategies are correlated or not.
If they are uncorrelated, they could smooth the drawdown of your Darwin, if they are correlated, the effect for the Darwin is small and it might make more sense to offer more than one Darwin.

 

[Milko]

Hi Milko,
welcome to this forum.

At DarwinexZero (the subscription version of Darwinex with demo accounts) you can only open one account for each user and email adress.

If you want to open real accounts and deposit real money, you can open them all under the same user and the same profile and email adress.
But be ware that you have to fund every account with (more than) 1,000 EUR if you want to share the DarwinIA contest.
If the minimum equity is less than 1,000 EUR anytime during the month, you will be excluded from DarwinIA for this month. That's how I read the rules.
Details about the DarwinIA participation are here to read

How to participate in the DarwinIA seed allocation programme - Darwinex

We allocate up to €10M to 150 DARWINs each month and maintain the investment for 6 months. We pay 15% on 6 months profit * €10M = €60M invested in customers.

www.darwinex.com

Every Darwin is related to one trading account.
If it were my decision, I'd try to find out whether the strategies are correlated or not.
If they are uncorrelated, they could smooth the drawdown of your Darwin, if they are correlated, the effect for the Darwin is small and it might make more sense to offer more than one Darwin.

Hi Barcode and thank you for genuin and kindly reply.

I'll set up real accounts therefore I'm happy to read that 1 profile is sufficient because easier to check all.

Strategies are not correlated (Forex, Gold and Oil) with different frequency trade and timing.

What do you mean when write "if they are correlated, the effect for the Darwin is small"? Perhaps because Darwin index normalize profit and loss? Iìll try to understand what means... 🙏

 

[IlIlIlIlI]

Hi Barcode and thank you for genuin and kindly reply.

I'll set up real accounts therefore I'm happy to read that 1 profile is sufficient because easier to check all.

Strategies are not correlated (Forex, Gold and Oil) with different frequency trade and timing.

What do you mean when write "if they are correlated, the effect for the Darwin is small"? Perhaps because Darwin index normalize profit and loss? Iìll try to understand what means... 🙏

If you go to the "hall of fame"

Hall of Fame - Darwinex

The Darwinex Hall of Fame lists traders and their respective DARWINs, ordered by performance fees generated

www.darwinex.com

you'll easily find a lot of traders with more than one Darwin. They are easy to identify with a +1, +4 etc. after their flagship Darwin whose name is shown.
To see all Darwins of a trader, you have to switch the "show closed Darwins" button on after clicking a trader.

"if they are correlated, the effect for the Darwin is small":
The effect is small if Darwins are correlated as the so called risk manager (a piece of software between the trading account and the Darwin) calculates the trade size for a Darwin. The Darwin's performance is the same whether you trade constantly 1 full lot or 1 minilot (01. lot) because of that lot size calculation for the Darwin.
So if you add correlated strategies to the same Darwin or trading account and the performance mainly goes up or down with all strategies together at the same time it is similar to increasing the trade's lotsize. You just trade a haigher volume with the same result and the risk manager tries to calibrate it to the "6.5 % VaR" replication value.