Managed Accounts

forexedge posted:

pt49 posted:

BellaVista507 posted:

forexedge posted:

BellaVista507 posted:
 Those looking for PAMM managers. Don't look at the ROI, DD%.... The most important stat in forex is the persons 'PIP DRAWDOWN' The time between the OPEN AND CLOSE OF AN ORDER. The highest amount of PIPS the person has been in red, is the PIP-DRAWN. There you can tell the managers expertise. The LOWER the PIP -DRAWN per trade, you can expect to consistently earn profits.

Don't agree.

I think you might be right but then there are strategies that use different money management risk. Like if you are risking 1% per trade, and for one position it has 50pip stop loss, then pip per value will be a certain amount. But if another position has a 200pip stoploss because of change of volatility over the coming months and are risking 1% per trade, then pip per value is different. So the PIP Drawn rule will vary.

There are many systems in the world that trade differently. So I think your statement is half correct and half wrong. Depends on systems.

Correct

You are correct. Yet, I am referring to scalpers. As if you can scalp and have less then 10 pip draw down. Then your truly on to something. In the world we live in, it is rather reckless to INVEST. One day up 300 pips, next day down 800 pips in 4 hours. I think if your looking for an account to manage your positions. Please make sure the person is scalping. As that is truly profitable way in forex. Everything else is meerly CHANCE!

Traders use all sorts of ways to measure degrees of success or failure, however there is only one true measurement that covers all bases, % of account balance and/or equity. Pip number is totally irrelevant because it depends on the amount of equity risked on entering the trade. Stops need to be factored in too, because a trader using no stops is risking 100% of his account, regardless of no of pips or amount invested in the trade.

So, the ONLY thing to look at really is % of account at risk.

You are right man.

Let me tell you. Scalpers is not the only way forward. All they do is give money back to the market. The amount of round turns they make, they are giving more profit to the broker than themselves. Fact.

Imagine, you make 300 lots per day on average to only make end of month around 4% and then when you look at what the brokers have made. they made around 4% profit too from commissions, then you know something is wrong.

Anmaric_LTD posted:
It is really hard to win on the market. Scalping however is in my oppinion the only way..

minutemanmissile posted:
I know someone who doesn't scalp but makes a whooping average of 2.5k% ROI a month and its not automated trading either but manual.

pt49 posted:
Bullcrap, scalping is NOT the only one way to go There are many other ways to go than scalping.

12264 posted:
@minutemanmissile
Really good way to blow any accounts you could of got 2.k% a month... blow on some one else's horn

How can I delete this post and stop these dam fiends from posting SHIT!!!

pt49 posted:
Trust me, VERY FEW traders ever withdraws any profits from an account in this game. Lets face it, when any profit returns to the bank account, it is liable for tax, and who wants to pay tax?