Many of you guys have approached me over the past few years asking about some way to let your accounts be traded automatically. Although daily systems like Thor are a lot easier to follow than for instance CrazyIvan which rolls over three times per day, placing trades manually after receiving email or Jabber alerts just isn’t for everyone. Many of you have day jobs and/or family obligations which prevent you from attending roll overs on a regular basis. Even the best system in the world is rendered useless if you aren’t there to either receive the signal or to place the trade. Another issue is placing them accurately day in and day out without making any mistakes.
You asked for an auto trading solution and the Mole delivered. Over the past few months I have been working with the people at Vankar to develop a program that is flexible, secure, and would allow you to retain complete control over your trading accounts at all times. This is how it works: In essence all trading activity produced by a master account is copied to one or more client accounts via what’s called a lot allocation management module (LAMM). Clients will have to setup and fund two trading accounts over at Vankar – one for Forex and one for futures. Authorization to accept the signals issued by the master account is given via a letter of direction (LOD) – you print it, sign it, send it to Vankar, and that’s pretty much it. The arrangement is extremely flexible and withdrawals can be made at any time.
On my end you simply sign up for the package of your choice after your account at Vankar has been activated. You’ll pay monthly subscription fees right here as a member just as you may be currently doing it with Thor or CrazyIvan. There is no profit sharing and no annual management fee. All profits or losses accrued are yours to keep – simple.
The plan is to start out very small with a handful of people – about five to seven – who already have expressed interest in the recent past. Some of you have already done so and I’ll send you an email invite today or tomorrow. If you have not contacted me already then feel free to write me at admin@ - if there’s still a seat available I will add you to the list and forward you the information on how to get started.
Be advised that the minimum account size will be $100k – that is $50k for the futures and $50k for the forex account respectively. Below that it just wouldn’t make sense for you or me as various futures contracts would be out of reach (e.g. silver or copper). There is no upper limit really, in case you’re wondering. The systems I plan to start out with are Thor/Thor.0 and CrazyIvan. The latter has always been tough as a manual system but given the rising equity curve (130R as of today) it’s definitely worth adding via automation.
So here’s the rub – you will have to decide which system you want to trade. As I mentioned - there will be two packages to choose from:
- Thor/Thor.0 LAMM for $149/month
- CrazyIvan LAMM for $149/month
You will not be able to trade both systems in the same account, so you need to tell me which system you want to be traded. If you want to trade both systems then you may have to open separate accounts. Vankar tells me there is a way to create sub accounts, so if there’s sufficient interest then we can definitely explore that further. But for now you should pick one and we’ll take it from there.
Now in the first month or so I will not be charging you guys subscription fees as I want to make sure that everything works perfectly. Most likely we’ll start with very small position sizes – initially 0.1%, then 0.5% and then finally 1% as always. So if you’re an existing sub and want to switch to auto trading then don’t cancel your existing Thor or CrazyIvan subscription just yet. You won’t pay extra after opening an account at Vankar as I won’t charge for the LAMM signal until we switch to full position sizes.
If you have any further questions please don’t hesitate to shoot me an email at admin@ – I’ll be happy to answer any questions or if you’re interested put you in touch with Mark who’s my contact over at Vankar.