This thread is for answering questions only. Please raise your questions in other thread or via pm.
And also please let me stress that the ONLY reliable data is C2's stat. All data related to trade mentioned below is for reference only.
Q: Could you please give me a little about your trading experience and background? I mean, how long have you been trading, professionally and otherwise?
A: I'm a full time trader with 5+ yrs experience.
Q:Do you use a StopLoss for each and every trade?
A:For each trade, the max loss is fixed before any position is opened. For most cases, I enter stop order shortly after a position opened; For other cases, I enter the stop order a few hours later.
Q:As a percent of account equity, what do you risk per trade?
A:Mostly one trade risks 0%-4% equity.
Q:Approximately how many trades a month will you make?
A:Normally there will be 2 to 5 trades a week. However, the number for a specific week may be vastly different from that according to the market.
Q:How many trades can you have open at one time?
A:No more than 3 trades would be opened at one time.
Q:You mentioned that each trade will risk 0-4% of account equity, with up to 3 trades open maximum at one time. Does this mean that the maximum amount at risk is potentially 3 x 4% = 12% of account equity?
A:The risk frame for one trade is 0%-4%. However, for a specific trade, it could be 0%-2%, or 0%-3%, etc. Normally when 3 trades open at one time, the total risk is below 7%.
Q:Are you a trend trader, counter-trend trader? What is your trading style?
A:My style is a mix of both trend trader and router-trend trader
Q:Are your trades mechanical, or discretionary?
A:My system works based on the combination of a mechanical trigger and my personal judgement of the market.
Q:Based on your trading experience, how do you expect Zen Fx’s long term performance to look compared to what it looks like now? (with regard to W/L ratio, Expected Value, trades per month, max drawdown, etc.)
A:In the long term, my expectation for the system are 1)w:l is around 2, 2)max DD is below 20%, 3)compound annual return is above 100%
Q:Do you trade it yourself and if so since when?
A:Yes, I myself have a live account for 5+ yrs. And when there are enough subscribers, I'll apply for the TOS program.
Q: Will you increase the position size as the account grows?
A:Yes, I'll increase position size with amount growing in a non-lineal way.
Q:Do you have any performance reports/history data and can you share it?
A:I do have a backtest/forward test data in 4+ yrs. However, I'm afraid that I can not share it with you.
Q:Do you regard the performance on C2 so far(5/19/2012) as fairly typical or would you rather say it was an unusual streak of luck?
A:It's better than usual but not so usual. It happens from time to time but not every month.