FundSeeder is continually adding new functionalities and improvements to our free unique account analytics software. This newsletter provides a summary of the major new features added since our last newsletter update.

Benchmark Overlay Now Available for Account Equity Curves

The screenshot below shows an example of a futures trading account with a benchmark comparison of the SG CTA Index. Traders can display one or multiple benchmark comparison lines.

Switch Account Displays Between Local Currency and USD

Non-U.S. traders can now toggle account displays between denomination in their local currency and USD.

 Add Flag for Strategy Change

FundSeeder recognizes that over time some traders may significantly change their trading methodology. These traders can now use our new flag feature to set a point on their cumulative equity curve at which their approach changed. This feature allows users to better visually demarcate the two periods.

NAS Selection Now Simplified

A user who wants to use NAS instead of NLV for defining the trading account size now only has to check the Nominal Account Size in the Calculation Method box (see screenshot below) [see 1 below].

Now Possible to Change Calculation Method for Whole History

FundSeeder provides two methods for defining the account size used to calculate returns and other performance statistics:

1. Net Liquidating Value (NLV)—This straightforward method simply defines the account size as the value of the account at the close of each day—i.e., cash plus the marked-to-market value of all open positions.

2. Nominal Account Size (NAS)—For traders who trade financial instruments that require margins equal to only a small percentage of the position value (e.g., futures, FX), the NLV may sharply understate the account size needed to prudently trade the account. The NAS is the Nominal Account Size defined by the trader as the base to be used for calculating returns instead of the NLV. Since the NAS is subject to the restriction that it must be larger than the NLV, using the NAS as the base will lower both returns and all risk measures (e.g., percentage drawdowns, percentage cumulative losses, volatility, etc.).

Users can switch the calculation method (from NLV to NAS or vice versa) or change the NAS level at any point to better reflect the perceived account size required to trade the strategy. For example, after a significant withdrawal or deposit, a trader would want to change the NAS level if trading size is changed as a result of this cash movement. Previously, a switch in the calculation method would only apply to forward returns (beginning two days after the change was made). Now, the flexibility has been added to also apply the switch to the entire track record by checking the box “Adjust the change of calculation method for all trading history” (see screenshot illustration below). Forward returns only and the entire track record are, however, the only two options provided in order to prevent users from cherry-picking a date for the calculation method transition point.

Nominal Account Size Curve Added

 Previously, the account size graph was in terms of NLV, even for accounts that chose NAS as the calculation method. Now the Accounts Size History tab will show curves for both NLV and NAS (see screenshot below)

Trade Statistics Section Added

Until recently all the statistics and charts provided were based on portfolio level data. Our recently added Traded Statistics section (see screenshot below) provides the following trade level statistics:

• Profit Factor
• Total Open Profits/Losses
• Total Closed Profits/Losses
• Total Profits/Losses All Trades
• Average Profit per Winning Trade
• Average Loss per Losing Trade
• Average Profit/Loss of All Trades
• Percent Winning Trades
• Average Holding Period Winning Trades
• Average Holding Period Losing Trades
• Average Holding Period All Trades

Trade Station Account Back Data Now Available

When Trade Station was first added as a direct link to FundSeeder, account data was only available beginning on the account linking date. Now Trade Station users can access their prior account data history back through 2014.

Minimum Equity and Track Record Filters Added to Leaderboard 

Leaderboard now includes dropdown filters that allow excluding all accounts with track records less than specified minimum length and equity below specified threshold.

FundSeeder Indexes Display Toggle Added

The FundSeeder Indexes can now be displayed for either full track record or just past 12 months.

Benchmark List Added to Fundseeder Index Charts

You can now compare any of the FundSeeder Indexes with a wide range of third party index calculations and markets. The list of possible benchmarks is shown in screenshot below:

For example, the chart below shows the two FundSeeder Futures Indexes compared with the SG CTA Index.

Expanded Resources Section

FundSeeder now has additional affiliated webpages and services:

• FundSeeder Investments—Provides a link to FundSeeder Technology’s sister investor company website.

• FundSeeder Education—Contains advice, links and Resources for traders at different stages of development.

• FundSeeder News—Contains articles, videos and podcasts pertaining to FundSeeder and its three founding partners: Emanuel Balarie, James Bibbings and Jack Schwager.

• FundSeeder Support—FundSeeder Support Center has been completely revamped and reorganized into two major sections:

• FAQs by topic
• Video Library Support with 22 instructional videos

This link also makes it extremely easy to submit a query to FundSeeder if the user can’t find an answer to a question in the FAQ or video sections.

The Subscription Section Has Been Revised

See screenshot below:

Ready to Get Regulated?

FundSeeder has partnered with industry leading consulting firm Turnkey Trading Partners to assist those independent traders looking to take their trading careers to the next level. Contacting Turnkey through FundSeeder via this link will provide users with an opportunity to discuss registration options in the U.S.

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[1] Previously, users selecting NAS as the calculation had to indicate additional choices as to whether the NAS level should be adjusted for: 1) P/L changes and 2) deposits/withdrawals. The P/L selection was, in fact, superfluous since returns were added if the user chose not to adjust the NAS level for P/L changes and compounded if the user chose to adjust for P/L changes—and, mathematically, both methods yielded identical cumulative returns. We also defined the NAS calculation to not include adjustments for deposits/withdrawals, since the user has the ability to change the NAS level at any time to whatever level is deemed appropriate to reflect cash movements.