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Eon-Labs KB

Partnership: Forex Intraday

Source: Notion | Last edited: 2023-05-20 | ID: d17c682a-1ef...

Listen up, traders! We at Eon Labs Ltd. have been known for being the go-to gurus for all things crypto algorithm trading. But, you know what they say, “change is the only constant in life.” And we’re all about embracing change here at Eon. So, we’ve been getting a lot of love letters (aka inquiries) from all you forex traders out there, and we’re flattered. You all want to step up your trading game and who are we to say no? So, we’re branching out, diversifying our portfolio if you will. We’re now going to cater to all types of intraday traders. We’re developing a program that will give you all the tools and resources you need to become a pro in the forex market. But, we’re new to this whole forex thing, so please bear with us if we proceed with caution and if the expansion seems slow. We just want to make sure we’re doing it right and not messing up your trading game. So, let’s work together and make some money!

Overview

Section titled “Overview”

As a forex intraday discretionary trading partner, you’ll receive profit share off of Excess Gain beyond the last HWM at a monthly CF with an ascending AUM of up to one (1) million USD EonLabs’ prop fund.

Why is it an ascending AUM? Because EonLabs will not participate in the profit share from the trading account that is traded by your strategy and will proportionately inject additional funds into it on a recurring basis (e.g., monthly) so as to raise your potential earnings as long as the trading account is surviving, i.e., not breached a pre-negotiated (Rising) Trailing Maximum Drawdown (a.k.a. Limited Trailing Minimum Account Balance or Auto Liquidate Threshold Value).

EonLabs institutional client fund, which starts from two (2) million USD, will be introduced and added to the AUM if your strategy can survive at least twelve (12) months and its performance audited.

Negotiable Metrics

Section titled “Negotiable Metrics”

The information provided below pertains to an examination and potential alteration of the terms initially suggested for the algorithmic trading community within the realm of cryptocurrency in Partnership and Evaluation. These terms are being reevaluated with the aim of adapting them for use by intraday discretionary foreign exchange traders. However, the significance of the terminology used in them remains consistent. The foreign exchange market is a novel field for us. Therefore, we ask for understanding and forgiveness if we proceed with added caution during the initial stages and if the pace of expansion appears slow. We are dedicated to ensuring that all decisions are made with the utmost care and consideration.

Proprietary Trading Profit Sharing & Evaluation - Simulated Scenario

Section titled “Proprietary Trading Profit Sharing & Evaluation - Simulated Scenario”

If you know some Python programming and want a quick glance of the kind of profit sharing structure we propose, please check out this Google CoLab notebook:

https://colab.research.google.com/drive/1iGMMIyOJL-Aeh9AcZlk8vW9GPhpNHkRa?usp=sharing

You can make a copy and it and make modifications on your own and counter propose the metrics that you would like to see.

Several matrices mentioned in the simulation can be negotiated amicably before being finalized:

Section titled “Several matrices mentioned in the simulation can be negotiated amicably before being finalized:”

X = 5k USD: the starting capital amount provided by EonLabs for a real-money MT4/MT5 account.

R% = 10%: a fixed percentage of downside risk and upside return of the overall return on a real-money MT4/MT5 account can be pre-negotiated. Note that the drawdown value is recalculated daily based on Max Trailing Drawdown.

S% = 15%: the profit sharing rate based on the high-water mark of the Binance sub-account(s).

Y% = 15%: which is the ratio of funds that EonLabs is responsible for adding each month to sub-account(s) that have not proven to be sufficiently robust.

$Z: is the an offset amount of USDT for various purposes at the 12th period (i.e. 12th week, or 12th months)

📍 Recruitment Board 🔑 ** Guest Researcher Area (accessible by invitation only) **🔒

- [LOB Data on S3 🔏](/engineering/integrations/lob-data-on-s3/)
- [Algo-Trading Books 🔒](/research/books/algo-trading-books/)

🔆 External Links

- [**Link-in-Bio for EonLabs**](https://bit.ly/m/eonlabs)
- [**Indeed Company Page**](https://ca.indeed.com/cmp/Eonlabs)
- [**EonLabs.com Official Site**](https://www.eonlabs.com/)

🍁 EonLabs acknowledges that the land on which we live and work is the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam Indian Band), Sḵwx̱wú7mesh (Squamish Nation), and səlilwətaɬ (Tsleil-Waututh Nation) and we are grateful for the opportunity to do so.