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580% per Month Managed Account !!!!


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I agree that the result is amazing, and over-leveraging the account was the first thing I suspected too, but having looked at the account statement this doesn't really appear to be the case - certainly nothing outrageous.

They offer to trade a demo account for you for as long as you wish.

I don't really see what money laundering could possibly have to do with this. There was one deposit for $500 odd bucks.

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There is a big jump in equity due to the following trades:

42638269	2010/05/21 21:11:00	Buy	 8.00	EURUSD	1.2458		1.257	2010/05/21 21:16:00	1.257	 0.00	 0.00	8 960.00	 112.0
42638276	2010/05/21 21:12:00	Buy	8.00	EURUSD	1.2458		1.257	2010/05/21 21:16:00	1.257	0.00	0.00	8 960.00	112.0
42638282	2010/05/21 21:12:00	Buy	8.00	EURUSD	1.2458		1.2558	2010/05/21 21:16:00	1.2558	0.00	0.00	8 000.00	100.0
42638350	2010/05/21 21:15:00	Buy	3.00	GBPUSD	1.4357		1.4454	2010/05/21 21:16:00	1.4448	0.00	0.00	2 730.00	91.0

 

Notice that they were all closed at 21:16:00. The first two EURUSD trades above closed at the price 1.257, however the third closed at 1.2558. It is a bit suspicious to see trades closed at the same time at different prices (12 pip difference).

There could be a possibility that times in the statement only have minute precision (and not seconds), and the price did drop from 1.257 to 1.2558 within the same minute.

If you want to check whether price did move that much within the minute, you would have to find out what broker he used so that you can check on the chart at the correct time in history.

Edited by hyperdimension
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It is a blogspot.

It is gmail.

There is no telephone, address or country openly posted on the web page.

 

If you take this up, please keep us informed of progress. Thanks.

Edited by manganate
Additional wording.
When mind lingers in one place efficiency is lost
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I had friends that were in the now defunk Genius fund. I told them get your profits out now you never know when they will close the doors and take off with your money.

The funny thing is greed will kill you in anything for sure in forex.

Well one guy knew actually got pay back of $75,000 on a 20k seed investment in 6 months. I told him get out now but of course he didn't thinking if let the 75 k ride I will have a half million soon. Well about 3 weeks later Genius shut down.

 

I mention this because of the greed factor. If your lucky enough to win something then cograds yourself you won and get out.

happy pips

patheway

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The contact information with this guy takes you to the manager. This guy is not the trader. I talked to him and they have 3 different strategies to choose from now. All of these strategies offer >100%/month expected returns. The only statement he offered me were small accounts that were overlevered small profit target trades. For instance, he showed me one where the trader wired in 3k and took 10 trades in 1 day and doubled the account. Stochs, macd, and all market internals were in direction of trades, so there is something there. I just look at it as a gambler's mentality. I looked at these trades and they were completely legit. I am doing more DD and I will report back.
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The contact information with this guy takes you to the manager. This guy is not the trader. I talked to him and they have 3 different strategies to choose from now. All of these strategies offer >100%/month expected returns. The only statement he offered me were small accounts that were overlevered small profit target trades. For instance, he showed me one where the trader wired in 3k and took 10 trades in 1 day and doubled the account. Stochs, macd, and all market internals were in direction of trades, so there is something there. I just look at it as a gambler's mentality. I looked at these trades and they were completely legit. I am doing more DD and I will report back.

So did you find something else about them?Its seems they use scalping EA.

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