FAQ
FAQ
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Trades
It is not recommended until all trades have closed as it can increase the risk on your trading account. Trades are opened based on the level of equity in your trading account. Reducing the equity whilst trades are open means you carry a higher risk.
All our Copy Trader strategies are run with BlackBull Brokers.
Our trade history before BlackBull Brokers was with other forex brokers who do not offer Copy Trader services. This history is not able to be transferred over.
Further, the history on these accounts does not reflect the way our bots run now as they were run with higher draw downs and changes were made to test the bots and the strategy over this 5 year period.
Whilst they trade the same currency pairs and use the same bots, the structure and setup are different.
Therefore you will see differences in returns. The MT5 strategies have been built on the knowledge of the MT4 and implemented additional parameters to help reduce risk. Further MT4 and MT5 terminals trade slightly different.
No. There is a few reasons for this.
The first is our team are constantly tweaking and reviewing the bots and it would be impossible to role these changes out to buyers of the bots.
We have spent many years to build the bots and there have been plenty of times after testing the bots it was not deemed suitable. All this incurs significant costs. It makes more sense for followers to pay a performance fee to follow our strategy as purchasing outright would take significant time to recover, if ever.
Accounts
Each of our strategies details the minimum investment requirement. If you invest with less funds it means your account will carry more risk. For example if the draw down on the strategy is 10% and your only invested half the amount of funds, your investor account will have a 20% draw down. We have setup parameters on our Copy Trader strategies so the minimum equity must be invested to follow the strategy.
No. You can setup your investment account in the currency of your choice.
One of the reasons we use BlackBull as our broker is they allow accounts to be opened in the currency of the traders choice.
So if you want an AUD, USD, EUR etc account, BlackBull can accommodate you.
This means you do not have to be concerned about currency risks when depositing and withdrawing your funds.
The Copy Trader will recognise a different currency trading account is following the strategy and will ensure trades are opened in accordance with their investment.
Brindabella Capital has a flat performance fee of 30% of the investor profits above the high water mark each month.
The CopyTrader software will automatically calculate the performance fee and deduct it from your account.
A performance fee is only charged when the strategy’s return in comparison to the benchmark reaches a new high. When this happens the high watermark is reset at this level.
If the strategy subsequently loses value, and then increases again, the high watermark ensures that performance fees are not charged for this value increase because this is only recovering previous losses.
There is no management fees, establishment fees etc. We are only paid when your account grows month to month.
Other
Yes. Whilst we have built strategies to try and mitigate risk as much as possible – in the end – the market will do what it wants.
When trading you hold a position in the market and in addition leverage is used. This means you do not own an actual asset – only a trade position.
It is a real possibility that you can lose all your capital so followers need to take this into account.
If you have any other queries, please do not hesitate to make contact.
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Disclaimer: While all reasonable care has been taken in the preparation of this information, Brindabella Capital take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.
