As I told you several times ( in post # 15,18,34 and 38) they don't sell this system.
They only offer managed accounts based on profit sharing.
cant help but be mesmerised by all the small gains being totted up.
been messing about with this idea. but it keeps falling down (for me), because you have to draw the line at some level of loss. the longer you leave it, it either comes back to profit, or gives a killer loss. easier, I feel, to just take the hit, and move on.
I wonder......
if you ran this system as is, if there was no defined trend. (effectively ranging).
but, if there was a defined trend-direction, you biased your buys/sells towards the trend direction (either taking double size, or went for 30 pips instead of 15). this would accrue more pips in the trend-direction, and thus alleviate the eventual big hits because you have skewed your buy/sells.
(it may be possible to take this bad system and extract something useful)
I think the penny may have dropped for me. The "profit sharing" must be based on closed trades, which seems nearly always to increase, and ignoring open losing trades.
under these circumstances, you could claim an increase in equity, and thus a share of the profits, even though, on balance, the actual gains are much less.
eg, so far, 12K in gains have been posted, but 4K in unrealised losses remain.
I suspect the "profit" is seen as 12K, rather than nett 8K, and comms charged on 12K.
anyway, back to the real world.