Greg McLeod Forex Pip and Run Trading ClubFores PayDaysFXCM Moderator Thomas Gregory McLeod? traded account down over 60% in 3 months, promised refund and bailed, traded illegally after being told to stop. Dallas Internet, Texas

I hired Greg Mcleod to trade for me. He linked my account to his and I expected him to apply his Pip and Run principals that he teaches and said he used. He said my account mimicked his personal, although perhaps not with the same leverage. He immediately started  consistently losing money. On Oct. 7th my account was down 25% and I told him to stop trading until we talked, which he did. There were no trades until Oct 18th when we had a 25 min. conversation and he talked me into a second chance. 

By Nov. 5th he had lost $15,000 of a $25,000 account including one trade for almost $12K. And he had a huge opportunity to get out of that trade whole but was obviously not watching the charts during an announcement that had huge market volatility. I told him to stop again. I told him, again,  to stop trading for me and he apologized for not watching my account closely enough and assured me he would make me whole due to his abysmal results. I believed him (stupidly) and assumed that he would refund his trading losses on my account because he assured me of this over the next month from several Skype conversations.

On Dec. 9th I received a statement from my account and it was drawn down an additional $1,500 and I immediately called Greg. He said I had to contact the brokerage to unlink my account which I did. I find this very strange since the first time I asked him to stop there were no additional trades in that time. So the second time he traded my account for 2 additional weeks specifically against written and oral instruction otherwise. 

Unfortunately Greg falls into the category of those who cannot do Teach. At least for my account. I have full records of our conversations and trading logs. The trades were horrible. If you backtested them, they make no sense at all. He certainly does not follow the principals he teaches.