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Pip Hunter
Pip Hunter is a third party Managed Forex fund offered by Sunshine Forex .The account is traded via a LPoA(Limited Power of Attorney) obtained from the client to us. The entire control of the account stays with the client except the trading rights, which are given to us by signing the LPoA.
Presented below are the features and details about the program.
Launch Date: 3rd May 2010.
Trading Methodology
All the customer accounts are traded following the same trading system. The system is a trend following momentum based technical system and is 80% mechanical in its nature. The system combines trend following indicators along with price action to keep profits large and losses small. Almost all our trades are for short term and average holding period is between a few hours to 2-3 days, with average holding time of around 24 hours.
Risk Management
We believe and preach that with proper money and risk management superior results can be obtained consistently over a period of time. . Currently, all accounts are traded with a moderate risk level and use about 1:10 or lesser leverage while opening up the positions. The system allows scaling out of positions once they move in profits to safeguard equity. Trades are screened out based on our system parameters and position size varied depending on risk per trade to ensure all trades are taken with a maximum risk of 2% per trade. At any point of time, no more than 10% of your account is at risk, combining all the open positions in the account.
Types of Accounts offered:
•Gold Account: For deposits from USD $10,000 to USD $249,999 or equivalent
•Diamond Account: For deposits from USD $250,000 and above or equivalent
Brokers , Base Currency and Funding:
• Our broker is classified as a DMA(Direct Market Access) STP broker: London Capital Group,UK
•Your account can be funded in either of EUR, USD, GBP, JPY, ILS, CAD, SEK, NOK, CHF and PLN.
•Bank Wire Transfer is the best, safest and fastest way to fund your accounts.
Fee Schedule:
We charge a performance fee from our clients alongwith a small round trip commission. The performance fee is charged on the basis of High Watermark model. High Watermark is explained in our FAQ section. Since our broker is an ECN and provides tightest spreads in the forex markets, they charge a small commission per trade per side .
To know more about our fee structure and gain access to free monthly reports and newsletter, please fill out our Online Registration form by clicking here.
Features
•Liquidity: One Business day after request at maximum.
•Advanced Reporting: Detailed monthly reporting, enabling the client to trace all activity performed with regard to his/her account.
•Live Access: Client has live access to the trading account and can monitor the performance in real time on second by second basis.
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