I'm happy to announce that one of the initiatives we're been working on over at FXRenew is finally here: a copy-trading platform, through which our resident hedge fund trader (Mr. 888) is directing the show.
Here is the platform login: http://signals.fxrenew.com/auth.php
Why are we doing this?
Not all trading styles are adequate for proper signal creation. Mr. 888 is a rather short term trader, and we have discontinued old-fashioned signals in favour of a direct copy-trading service.The new auto-signals solution we have chosen will allow you to replicate the trades in the Fund directly into your account as they are placed. For example, if 888 goes long a currency pair, then the same trade would be placed in your account. When he exits, the trade in your account would be closed.
The 888 Fund is fully transparent, so not only do you get to read about what he is doing in the daily report, but you can see independently verified real time performance statistics inside the auto-signals portal.
We are now opening up the fund to early adopters via a “soft launch”. The technology solution is very stable and has been in use for a number of years (and we know the owner of the company providing the solution), so we are very confident in it’s stability and reliability. In saying that we do want to thoroughly make sure all the boxes have been ticked before we properly launch the fund to the public.
So, what we would like to do is offer an introductory rate of $60 AUD per month to use the service to FX Renew Members Only. There is a per user technology charge for the service that we have to pay so we do need to charge a nominal fee at this point in time to cover costs. The full rate, once we go live, will be within the $150-200 AUD a month range.
The $60 a month rate will be locked in for life, so if you join early and help us get the nuts and bolts worked out, you get to keep the low rate, even after we go live as a thank you. I believe this offers great value given 888’s 20+ years experience in banks and hedge funds.
A few details:
- The fund targets 300 pips a month, and uses a fixed lot size of 10,000 (about 50 pips a month gets you to break even after costs).
- 888’s trading style is discretionary and uses a mix of fundamentals and technical inputs.
- It is scale-able, so you can adjust your position size to make it larger or smaller, depending on your needs. Of course this changes the return equation.
- To access the fund all you need is a C-trader or MT4 account. This can be with any broker, though we do recommend a Pepperstone razor account to best match the funds performance.
- You can stop and start trading at any time.
- There are a variety of additional risk management parameters you can set in the account.
- The technology provider offer live help-desk support inside the portal if you have an issue getting set-up.
- You need your computer running to use the solution, but there is a VPS option provided as an additional fee which operates 24/7 (more details in the portal).
- You can start with as low as $1000, but we recommend $5000 or $10,000. There is more information on this in the 888 Fund FAQ, which can be found in the portal.
To login to the portal and check out the performance stats is FREE. You only pay if you decide you want to follow the trading in the Fund.
Needless to say, I'm quite excited about this launch. If you have any questions, get in touch.
justin@fxrenew.com jupafx@gmail.com
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