alphadude
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What are you thoughts on using Currensee as a platform for trade copying; or to sell your systems there.
Pros/Cons are all welcome.
Here is my take on Currensee:
==============================
If you are selling system signals; you should consider Currensee to sell your signals instead of ZuluTrade. You get better compensation; and the site is more professional. I did open a test account (live acc) with Currensee and followed some systems; to see how things works. I was impressed by the mechanics of the trading copying.
The ranking of traders on the leaderboard are misleading though. It is recommended you do your own due diligence before following anyone.
There are also few problems with the traders leaderboard performance stats:
1. equity curves are for closed equity only. Open positions are not included. I downloaded the list of trades for few fellows; and draw the equity curve; and large drawdowns shows up.
2. You cannot see the open positions in the trade history tab
3. I have not figure out how they do the month to month PNL. It does not match my stats
4. The performance stats; are not 100% for live trading period; they do cover some backtesting period too
after following some systems for a couple of months; i saw the horrible stuff; similar to what was discussed in this thread; open positions with large losses exceeding 500 pips; and the winners are only 10 or so pips.
I give up at the end; and stopped my following. to my surprise; some of those systems dissappeared from the leaderboard after few months.
i did notify the currensee team few times about the above; but none taken seriously.
IMHO; they have a conflict of interest. they hide the open equity curves; otherwise nobody will follow anyone. Currensee make their $ from the 2% management fee. The more followers the merrier.
PS: i could be wrong about some of the above. So please contribute to this discussion if you think otherwise.
Pros/Cons are all welcome.
Here is my take on Currensee:
==============================
If you are selling system signals; you should consider Currensee to sell your signals instead of ZuluTrade. You get better compensation; and the site is more professional. I did open a test account (live acc) with Currensee and followed some systems; to see how things works. I was impressed by the mechanics of the trading copying.
The ranking of traders on the leaderboard are misleading though. It is recommended you do your own due diligence before following anyone.
There are also few problems with the traders leaderboard performance stats:
1. equity curves are for closed equity only. Open positions are not included. I downloaded the list of trades for few fellows; and draw the equity curve; and large drawdowns shows up.
2. You cannot see the open positions in the trade history tab
3. I have not figure out how they do the month to month PNL. It does not match my stats
4. The performance stats; are not 100% for live trading period; they do cover some backtesting period too
after following some systems for a couple of months; i saw the horrible stuff; similar to what was discussed in this thread; open positions with large losses exceeding 500 pips; and the winners are only 10 or so pips.
I give up at the end; and stopped my following. to my surprise; some of those systems dissappeared from the leaderboard after few months.
i did notify the currensee team few times about the above; but none taken seriously.
IMHO; they have a conflict of interest. they hide the open equity curves; otherwise nobody will follow anyone. Currensee make their $ from the 2% management fee. The more followers the merrier.
PS: i could be wrong about some of the above. So please contribute to this discussion if you think otherwise.