TGM UPDATES JULY 2024 (UPDATED)
GOING LIVE WITH TRADE NATION & TRADE COPIER
Everyone,
Just wanted to share a few updates with you.
Collaboration with Trade Nation
As you may know, I have always used multiple CFD brokers and never really promoted any one in particular as most have their good points, and bad. I have not found ‘One Broker to Rule Them All’.
My old account manager moved across to Trade Nation earlier this year, and spoke to me about moving some funds across. I replied that I would be happy to, but the platform seemed to be lacking some of the features I was looking for, to which he replied “Well, give me a Wishlist of the features you want and let’s work on them together”. I put together an excel file (of course) and sent across.
I’ve been working closely with these guys over the past month, giving their tech and product team input with the goal of helping them develop a ‘Best in Class’ trading platform.
In my opinion, it’s well on the way (lowest fixed spreads on the market certainly helps as well, and the real benefits of this will become obvious once volatility returns to the market), and once these additional features are rolled out, will have achieved its goal and have a real, positive impact on your trading.
The TN team are also dedicated to exploring long-term projects with TGM, which should eventually result in statistical insights being accessible, directly through the platform.
As part of this TN have also given me approval to include their Morning Rundown information and data in the Morning Session Substack, which is distributed only to their Pro Clients. Not sure about you, but I received a barrage of market emails each morning, so hopefully including some market news as part of the Morning Substack will allow you to reduce the number in your inbox each morning.
They have also offered to cover a complimentary month of the TGM Substack, for all new Pro Clients.
Trade Copier
One of the other major drawcards of Trade Nation for me is their “Trade Copier” app. More info can be found below, but essentially it provides a simple way to mirror / copy trade executions of other experienced traders.
https://tradenation.com/en-bs/tradecopier/
I get regular requests to offer a ‘low touch / low stress’ option to take advantage of some of the quant based strategies I run based off the analysis of the historical data.
Past returns are of course not a guarantee of future performance, however may form some of the ‘High Risk’ part of a well diversified portfolio. I will be continually updating and stress-testing the strategy, and adding other quant based strategies across various markets.
Trade Copier access to the TGM strategy is currently restricted to active Trade Nation accounts and premium TGM clients, however I do think it’s an impressive offering, and there are many other FX / Commodity Signals on there worth investigating on a stand alone basis.
Should you have an interest in any of this, feel free to reach out, or follow the below steps;
Signup to Trade Nation with the below link. If you also complete the attached application, pass the Sophisticated Investor test, you’ll be added as a Premium Client. Conor will be in touch to check if you would like an MT4 account created which can link to the Trade Copier App.
Trade Nation Signup Link
Tn Pro Application Form V2
520KB ∙ PDF file
Download the ‘Trade Copier’ App
Click to Create an Account
Enter your details.
Confirm your account via email.
Ignore the 9000% returns if you will, I’ll provide you with the Signal name.
Once you’re setup, you’ll be brought to a screen that looks like this. This is where you can set your parametres to either Fixed Size (ie you choose the contracts), Mirror Master Size (50 contracts), or Proportional by Equity (Contributed Equity was $10,000). Tap Agree & Copy. There is a Performance Fee payable on profits of 20% (split between TGM and the Trade Copier App). Important to note that this is only levied on any increase in Account Balance as a result of the strategy, not on individual trades (ie uses a ‘High Water Mark’ calculation). You also have full control over your account, if you prefer to set your own stops / limits etc on an ad-hoc basis.
You’re good to go. You will receive notifications when trades have been executed, and you are able to adjust Stops / Take Profit levels whenever you see fit, although not necessary as I will be managing this.
Another reminder that while the past returns of this strategy have been strong and risk management will be tight, this is a high risk, highly levered strategy which is always susceptible to unexpected / Black Swan events. It should only represent a portion of your portfolio and risk no more than what you’re willing to lose.
As always feel free to reach out to me with any questions.
Cheers
Marto