HI, I opened a spread betting account on Oanda UK, at the beginning of Aug & am trading the Z12 on a 5k account. Just wondering if anyone has backtested the Z12 system with the new ESMA margin limits yet?

As a newbie I'm still trying to get my head around the complexities of backtesting, but it looks to me like the annual return for Z12, affected by ESMA, is now more likely to be in the order of 40% to 50%, rather than the 180% advertised, can anyone confirm that?