PAMM Account (by compuforexpamm) Quick Stats
The user has deleted this system.
Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
PAMM Account Discussion
Previous 1 2 3 Next
compuforexpamm

Member Since Aug 20, 2009  202 posts kennyhubbard (compuforexpamm) Aug 21 2009 at 03:50
Hi guys,

My name is Kenny and to myfxbook, congrats on a very nicely presented site.

I hope that this is not considered as spam, but I assume that the point of this site is to match traders with potential clients.

Accordingly. I thought I would set the ball rolling for people that may be looking to invest.....

I have set up a PAMM account with Forex.com so that people may invest with complete peace of mind. For those that are not familiiar with the PAMM system, it stand for Percentage Allocation Management Module. I control and trade a master account at Forex.com and when people invest, they open an account in their own name at the broker. They also pass their funds on to the broker. The broker then connects all the sub-accounts of my clients in the master account. The benefit of this system is that, other than electronic trading access, I cannot lay my hands on your money.

Bottomline is that, although you can still lose through market activity, at least you will not lose through fraud. Another benefit is that the broker has their own reporting system ensuring complete transparency.

My system consists of several robots. There is a slow growth consistent and stable one, and this is augmented by some scalping. The scalping consists of some familiar Asian session scalpers, as well as some less known scalpers. There is also one or two propriety scalpers. The scalping tends to be fairly dynamic, with me changing pairs and robots as need be.

Anyway, I will try answer any queries as opening and honestly as possible and here wishing every one the best of luck.

Regards

Kenny

Wealth Creation Through Technology
Elkart

Member Since Aug 01, 2009  941 posts Elkart (Elkart) Aug 21 2009 at 06:26
Much better to put down your stats and let potentials contact you, as apposed to putting it in conversation. Bit like having a Jehova's at the door, they're going to tell you how they see it whether you want to hear it or not.

These portfolio's are to new to take on money for clients.


Chang beer is evil.
Elkart

Member Since Aug 01, 2009  941 posts Elkart (Elkart) Aug 21 2009 at 06:35
June, July and aug so far has been very unusual in the context of the last 2 years, USD index moved less than 1 point on avg, compared to the 4 points it normally moves, have to see at least a month or two of 'normal' before you'll know if this portfolio is working or not. Range is down 75% on normal. So any ranging type system will make money.

What happens when the range returns?

Chang beer is evil.
compuforexpamm

Member Since Aug 20, 2009  202 posts kennyhubbard (compuforexpamm) Aug 21 2009 at 17:20
Actually, I am not forcing anyone to take part, or listen to anything I have to say. The results are there for people to see and decide for themselves(the purpose of this site, or have I missed something?)

The last 3 months have hardly been a walk in the park as far as scalping goes......I look forward to the return of some normal market action.

Wealth Creation Through Technology
Elkart

Member Since Aug 01, 2009  941 posts Elkart (Elkart) Aug 21 2009 at 23:38
Probably still crossed the line...

Chang beer is evil.
stephanusR

Member Since Aug 20, 2009  216 posts Stephanus Rensburg (stephanusR) Sep 07 2009 at 11:46
Removed by Staff.

compuforexpamm

Member Since Aug 20, 2009  202 posts kennyhubbard (compuforexpamm) Sep 07 2009 at 12:37 (edited Sep 07 2009 at 12:57 )
Hi stephanusR,

Fair comment, however, I am not sure I agree that keeping my trades private equates to lack of 100% honesty.

The purpose of this site(for me anyway) is to showcase the performance and the open trades are not relevant for this purpose. The value of open trades is important to know - yes!.....but not the actual trades. This is 'nice to know' stuff and clients have access to this information through the interface that the broker has provided. Frankly, if some-one is advanced enough to analyse my trades, then they probably don't need me......they can trade for themselves.

I am not sure why you say you cannot know what my realtime mtm profit/loss, as the information in right there for the whole world to see?

You can quite clearly see what the drawdown is by comparing the equity on the info>>stats tab with the deposits lower down. If you prefer to consider the equity mtm as the true performance, that is fine......ultimately equity is all that matters.

I would love for Myfxbook to chart the equity on the same graph as the balance, along with the free equity(ala onix-trade style) as this will give you a fuller picture of drawdown, as well as the risk level you are trading at.


Wealth Creation Through Technology
stephanusR

Member Since Aug 20, 2009  216 posts Stephanus Rensburg (stephanusR) Sep 07 2009 at 15:10
Removed by Staff.

compuforexpamm

Member Since Aug 20, 2009  202 posts kennyhubbard (compuforexpamm) Sep 07 2009 at 16:24 (edited Sep 07 2009 at 16:44 )
So, are we in agreement that potential clients have all the information they need to assess the performance?

The way I trade my system will result in typical floating drawdowns of 0% - 25% which I consider to be acceptable. The system does need time to grow the equity and is, regrettably, not a get-rich-quick scheme.

I am looking at improving the performance and you may want to look at the other 2 accounts under my name. They are both similar to this profile but with a new broker which will result in better performance.

stephanusR, I can appreciate what you are saying......when it comes to soliciting clients, it is important to present all the required information without slanting it. There has been a discussion elsewhere on this site about rating the various systems here. I fully support and look forward to the time when Mybookfx comes out with this rating system as I am confident that my system will stand up and be counted.

Wealth Creation Through Technology
warnsoft

Member Since Aug 29, 2009  6 posts John Doe (warnsoft) Sep 09 2009 at 02:39
Hi kenny, nice stats! I'm like you looking for potential clients, do you think we can help each others?
Keep up the good work :)

Previous 1 2 3 Next
Fed's Beige Book (1h 16min)
How biggest banks get away with biggest ...(6 min ago)
EURUSD 1.38223 GBPUSD 1.67985
USDJPY 102.256 USDCAD 1.10099
FxPro
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data New          
Liquidity New          

Site Map  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.