A maximum drawdown will be agreed with the client. With accounts starting from 300,000.00 EUR the drawdown usually lies between 10%-20% off, as several markets are traded simultaneously to grant a more stable course. Risk per trade is a playground, but we recommend a risk of not more than 1% per trade. In case of pure risk capital, 5% should be considered as the absolute maximum.

Duncan Wensley offers a unique investor protection which includes managed accounts, return insurance, transparency and limited drawdown.

What does Duncan Wensley do?

Duncan Wensley is an independent researcher specializing in the development of trading systems for use on the international commodity, futures and equity markets. Our trading systems use neural computing procedures along with support and resistance levels and various other technical indicators to analyze market data and predict directional movement of markets with a high probability of positive returns. More about Duncan Wensley can be found here

Maximum potential drawdown, based on historical data?

Neural calculations are very time-consuming and computationally intensive. We have chosen to evaluate systems according to their behaviour under real market conditions. Backtests are well and good - but do not guarantee for anything. Nevertheless, we manage a 20% drawdown for larger accounts at 1%-2% risk per trade. A calculation of the maximum drawdown can be found at "Systems & Performance".

When entering into an agreement with Duncan Wensley, a maximum limited drawdown is chosen by the investor. Learn more about "Limited Drawdown"

What is the "Performance Fee"?

The performance fee is equal to royalties [ see "How are royalties for Duncan Wensley calculated? How much are they?" ] as Duncan Wensley's charges are depending on profits realized. The performance fee is 25% of the increase of the NAV of the account. The performance fee is calculated at the end of a month high-watermark [ adjusted for deposits, withdrawals, management fees ]. The performance fee will be deducted from the trading account after client's approval of the posted invoice.

See also "How are royalties for Duncan Wensley calculated? How much are they?".

Where does the bank/broker have to be based?

The location of the bank/broker is irrelevant for trading Duncan Wensley's trading systems.

What is the minimum required capital?

The minimum required capital to trade Duncan Wensley's trading systems depends on one hand on the maximum risk per trade and on the other hand on the product's requirements: The higher the maximum risk per trade is, the less capital is required. Usually Duncan Wensley recommends a maximum risk per trade of 1%; in case of high risk capital not more than 5%.

In case of special requirements, we also offer individually taylored trading solutions.

A detailled overview of system specifications can be found in "Systems & Performance".

Will Duncan Wensley receive my investment capital?

No, Duncan Wensley is neither a fund manager, nor a bank.

An personal trading account is set up with a trusted third party broker of the client's choice which is funded with the investment capital. Duncan Wensley will get permission to trade this account according to its terms & conditions. Duncan Wensley will neither claim nor receive any customer's investment capital, but trade the managed account which is held with the broker.

When can the client withdraw funds? What procedure has to be followed?

As soon as the account with the broker is set up, deposits can be done. Basically, clients can withdraw funds anytime, by remittance through Duncan Wensley, in case open positions have to be closed first.

Is the contract between client and Duncan Wensley limited to a certain period?

No. Duncan Wensley's contract is unlimited for each party.

How are royalties for Duncan Wensley calculated? How much are they?

Duncan Wensley offers a unique investor protection which is built on trust and reliability. Duncan Wensley's return insurance guarantees, that royalties only incur, if profits are realized. Duncan Wensley does not invoice a general fee. Charges are depending on profits realized, of which 25% will be charged as a royalty, or performance fee. Royalties are due monthly and are charged to the client's account directly. More about return insurance here.

See also "What is the "Performance Fee"?".

Who are Duncan Wensley's customers? Is there a list of references?

Usually Duncan Wensley's clientele include banks, insurers, hedge funds, trusts, other financial services providers as well as private individuals and foundations. We guarantee strict confidentiality to each of our valued clients.

How are royalties deducted from my account?

At end of month Duncan Wensley issues electronic invoice for the fees. This invoice is issued for each client separately, and provided to the broker, through accounts management system. The broker reviews the invoice and transfers it to each client for confirmation. To confirm the invoice client must log-in to broker's accounts management system, review invoice, confirm or cancel it.

If the invoice was confirmed by the client, broker deducts fees from client's account and transfers them to Duncan Wensley's account.

See also "How are royalties for Duncan Wensley calculated? How much are they?" and "What is the "Performance Fee"?".

Which brokers does Duncan Wensley work with? Which one is recommendet?

Technically, Duncan Wensley trading systems can be connected to any broker's trading accounts. Our trading systems have been successfully linked with Interactive Brokers trading accounts.

Are any management or initial fees charged by Duncan Wensley?

No, Duncan Wensley does not charge any setup or initial fees.
A monthly performance fee of 25% is due depending on profits realized at month end.

You got a Question?

In case you have a question, that has not been answered in the FAQ, please use the textbox below and find our response published soon: