Capital Available for Traders

Status
Not open for further replies.
Quote from trend2009:

...for mechanical traders, reverse-engineering is really a concern, ...
More...

This was my concern as well. I PM'd Mike and talked a bit about it. He gave a very direct response that made sense for the service they offer, but in the end they must have a trading history to analyse.

So for me, it sounds like an option for my manual style of trading, but not the automated work I've been doing lately.

Interesting program non-the-less.
 
Quote from Jack_Larkin:

This was my concern as well. I PM'd Mike and talked a bit about it. He gave a very direct response that made sense for the service they offer, but in the end they must have a trading history to analyse.

So for me, it sounds like an option for my manual style of trading, but not the automated work I've been doing lately.

Interesting program non-the-less.
More...

Thanks Jack I have told my colleagues we need to try and get our MT4 compatibility in place before the end of the year.

We are a new offering, only do what you feel comfortable with. As more people embrace the product, I believe other potential users will feel more comfortable.
 
Quote from mickson:

We do both. Typically IB provides only 365 days of history however by specific request you can get much more. Certainly the longer your performance history the clearer your trading performance ability is likely to be. That is in most cases :)
More...


So to clarify. If you only want your history going forward tracked, you need to create a new IB account ?
Or can we start the tracking from the moment we begin a relationship with RAPA ?
 
Quote from jaygould:

So to clarify. If you only want your history going forward tracked, you need to create a new IB account ?
Or can we start the tracking from the moment we begin a relationship with RAPA ?
More...

You dont need to start a new IB account. Lets say your account is 5 years old, but you made lots of mistakes and learned from them. For the last 8 months you have been trading this account like a pro.

You can start the performance display for your account on the day you choose 8 months ago. Or if you only want performance tracked from today that is also ok, we wont look at your history, but of course the shorter track record will keep you out of certain capital allocations until a minimum period is achieved. This minimum period is dependant on the capital provider. On the RAPA platform right now the shortest period for allocation is 9 months.

Hope this helps.

Mike
 
Quote from mickson:

You dont need to start a new IB account. Lets say your account is 5 years old, but you made lots of mistakes and learned from them. For the last 8 months you have been trading this account like a pro.

You can start the performance display for your account on the day you choose 8 months ago. Or if you only want performance tracked from today that is also ok, we wont look at your history, but of course the shorter track record will keep you out of certain capital allocations until a minimum period is achieved. This minimum period is dependant on the capital provider. On the RAPA platform right now the shortest period for allocation is 9 months.

Hope this helps.

Mike
More...

Yes, thanks.
 
Quote from mickson:

I do not understand what you are saying but my account is there for all to see. Not hiding behind any false names.
More...


Do not pay too much attention to this guy, he is the local nut on ET :D
 
Quote from mickson:

You dont need to start a new IB account. Lets say your account is 5 years old, but you made lots of mistakes and learned from them. For the last 8 months you have been trading this account like a pro.

You can start the performance display for your account on the day you choose 8 months ago. Or if you only want performance tracked from today that is also ok, we wont look at your history, but of course the shorter track record will keep you out of certain capital allocations until a minimum period is achieved. This minimum period is dependant on the capital provider. On the RAPA platform right now the shortest period for allocation is 9 months.

Hope this helps.

Mike
More...

Hey Mickson, just wanted to make sure I and the rest of us here understand exactly what you are offering. It appears as though you are basically allocating 100k in which the trader is going to keep 10% of his/her profits and give up the other 90%. Put another way, you are offering 10k for them to trade. If they already have an IB account, they already have 10k since IB has a 10k minimum.
 
The sizes of the allocations are, for the lack of better word, staggering. Did I get that correct, you have 1.2 million to allocate to the top 5 traders?
 
Quote from Maverick74:

Hey Mickson, just wanted to make sure I and the rest of us here understand exactly what you are offering. It appears as though you are basically allocating 100k in which the trader is going to keep 10% of his/her profits and give up the other 90%. Put another way, you are offering 10k for them to trade. If they already have an IB account, they already have 10k since IB has a 10k minimum.
More...

That is one way of looking at it.
 
Status
Not open for further replies.
Back
Top