BPGE (PAMM account) Discussion

His dd is dropping, he will be injecting some money and lift his dd. Balance : 798828

jasonssk posted:
He has made 1664 $ with a pip of 971, so lot size should be around 0.2 . min lot size you can trade is forex is 0.01. So doing the calculation to be the follower of the signal you should have an account size of 40,000 $ and lot size will be 0.01 to get the same gain and dd.

As mentioned many times before, it's not a signal!

Investors are directly attached on a percentage basis. What their share of the lots will be changes on a daily basis due to deposits/withdrawals.

Also mentioned before, far too many times, is that there is a display issue specific to this on the PriorFX website. ETA for a fix is another week or two.

BP33 posted:

jasonssk posted:
He has made 1664 $ with a pip of 971, so lot size should be around 0.2 . min lot size you can trade is forex is 0.01. So doing the calculation to be the follower of the signal you should have an account size of 40,000 $ and lot size will be 0.01 to get the same gain and dd.

As mentioned many times before, it's not a signal!

Investors are directly attached on a percentage basis. What their share of the lots will be changes on a daily basis due to deposits/withdrawals.

Also mentioned before, far too many times, is that there is a display issue specific to this on the PriorFX website. ETA for a fix is another week or two.

As an investor , many people doesn't know what would be the minimum balance required to invest with your signal to be safe.
In hotforex you had a max dd of around 19%. If there is a dd of around 19% here (which if occurs at some point) , investors with less than 1000, 10000 or 20000 $ will blow their accounts.

jasonssk posted:

BP33 posted:

jasonssk posted:
He has made 1664 $ with a pip of 971, so lot size should be around 0.2 . min lot size you can trade is forex is 0.01. So doing the calculation to be the follower of the signal you should have an account size of 40,000 $ and lot size will be 0.01 to get the same gain and dd.

As mentioned many times before, it's not a signal!

Investors are directly attached on a percentage basis. What their share of the lots will be changes on a daily basis due to deposits/withdrawals.

Also mentioned before, far too many times, is that there is a display issue specific to this on the PriorFX website. ETA for a fix is another week or two.

As an investor , many people doesn't know what would be the minimum balance required to invest with your signal to be safe.
In hotforex you had a max dd of around 19%. If there is a dd of around 19% here (which if occurs at some point) , investors with less than 1000, 10000 or 20000 $ will blow their accounts.

Sorry to intervene but you obviously does not know how pamm works do you ? There is no way to blown your acc if the dd is 19%. If you invest $1000 and the dd is 20% your balance will be $800. Please do read how pamm works do not try to freak people if you are not aware if how investing works. It is not signal service as the manager many times pointed out it is a pamm account.

is it updating?

watchme posted:
is it updating?

Yes.


https://www.myfxbook.com/members/BP33/sector-1-moderate/1576945


https://www.myfxbook.com/members/BP33/sector-1-low/1577006

Bp33 made a big mistake to join Priorfx. PAMM system for compounding profit is more logic and profitable for small investors than the MAMM system. You would have made much more profit with Hotforex, whether they were crooks according to Bp33 or not.

I do not want to sound rude but…

BP33 is a great trader with a solid track record. He has been a model of clarity and honesty even during the difficult times following the leaving of hotforex (which I fully support as I had the same issues as he had). He has been giving much more explanations about the new broker than any other trader would give. He continues to have a super track record in profit fx.

Some of us, we had no problem with Bp33 during hotforex times and now.

Nobody is forcing anybody to join this PAMM. You like the conditions or not. They are very clear.

If you like them, invest. If not go away. But please do not take BP33 time questioning things which are only up to the trader (broker selected, Pamm conditions, etc). I am an investor and I have a big amount of money invested in this account. I want BP33 to trade well for me. I do not want his time to get diluted answering questions that go nowhere probably from people that will never be an investor.

Thanks and regards.

It is not whether I like him or not - it is just a fact, whether you like to admit it or not.

Well said @Pablo51

JohannFX posted:
You would have made much more profit with Hotforex, whether they were crooks according to Bp33 or not.

100% incorrect.

Their *deliberately* poor execution was costing the account tens of thousands, which directly robbed investors of profits.

This was mentioned previously, and if that message is somehow still not clear then I cannot help you.

Perhaps ask the people still having issues today with getting their funds out of hotforex if they agree it's better to be there or not.

kamjo posted:
Well said @Pablo51

Thank you @Pablo51 :)

Is this system based on martingale or averaging down when buying / selling?

Hi All,

I would like to know if someone uses à specific organization for international transfers to reduce bank charges such TransferMate or world first.

In fact my bank charges me 5% of my transfer and I would like to make others with much lower costs.

Could you tell me which one you uses and give me an example of amount with it's fee ?

Thank you

Can I copy ur trades?

Franck44 posted:
Hi All,

I would like to know if someone uses à specific organization for international transfers to reduce bank charges such TransferMate or world first.

In fact my bank charges me 5% of my transfer and I would like to make others with much lower costs.

Could you tell me which one you uses and give me an example of amount with it's fee ?

Thank you

If you are just referring to tranferring money from one bank account to another internationally, then I have tried www.transferwise.com in the past with success, even for large amounts. If you are referring to transferring money to PriorFX, I am not sure they would accept that.

Hello,

May I know if anyone of you had clarified with PriorFX on the following clause?

Clause 4.1.4, 'Withdraw funds from the Managed Forex Account according to Section 6. of this Agreement and only as long as it does not fall below the minimum balance of 5000.00 USD or their equivalent in other currency, required to be available into the Account. '

Does that mean the minimum investment is USD 5,000?
What happens if we need to withdraw all or amount that leaves less USD 5,000 in the account?

Regards
Dennis

@dennislye - please read previous comments: minimum in the Managed Account is $5,000 - anything less, you will be charged $9,99 per month. (your personal trading account can be started with as little as $250,-)

Any chance you will make a 'sector 1 high' one day? because i would be interested 😁