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BPGE (PAMM account) (By BP33 )

The user has deleted this system.

BPGE (PAMM account) Discussion

BP33
Mar 17 2016 at 08:19
121 posts
Tell you what, instead of completely wasting my time, ask the people who maintain the actual pages and ask THEM why it's showing differently from one page to the next and which one is accurate.
BP33
Mar 17 2016 at 08:31
121 posts
I've also reported it as a bug, which you could have done ages ago yourself.
JohannFX
Mar 17 2016 at 08:54
9 posts
Why are you so aggressive ?- I am one of your serious clients at Hotforex and you surely want more clients to join you - with your attitude you will loose clients - chill and behave yourself by giving normal business answers. If the draw down was 38%, all you can say is that it was so, but that you have change your risk and that can be seen through the last 18 months or so or you can tell me that I can go to hell if you rather like to answer your clients that why.
BP33
Mar 17 2016 at 08:59
121 posts
If you have found an error with a website, why would you ask anyone except the people responsible for the website?
Report the issue to them and don't waste people's time with silly questions that have nothing to do with them.
JohannFX
Mar 17 2016 at 09:22
9 posts
Mr Clever Trevor, you are the trader, you should know what the draw down was - answer the question: 9% or 38% draw down?
ovisun
Mar 17 2016 at 09:34
439 posts
@JohannFX
On August 05 2014 the equity was 10402 and balance 16967, so it was a 38% DD. You can zoom on balance page and check for yourself
Regards.
BP33
Mar 17 2016 at 09:34
121 posts
You are looking at stats given to you by an independent website, and you are still asking the trader?

I could tell you it was 5% and you would just believe me? No, I didn't think so. You might be really lazy but you are not stupid.

The stats are there for a reason. If I told you it was less than 10%, you have absolutely zero reason to believe that.

Seeing as it's somehow impossible for you to ask myfxbook why their website seems to be having an issue, it's just safer for you to just pick the higher value anyway regardless of what it actually is or what *anybody* tells you.

What I will tell you though, is that there will be occasions where it will go over 40% and that is still well within specifications.
tomazxyn
Mar 17 2016 at 10:49
27 posts
With the negative reviews about HOT-FOREX on different sites, i had my doubt about them b4 joining.
I knew it would get to a point where the broker would start to tamper with executions( more like a dealing desk broker).
i think a true ECN broker would be preferred at this point..

@BP33 if i am to understand u clearly do u mean there are times/occasions where the Actual/Real Drawdown would be above 40% ??
BP33
Mar 17 2016 at 10:58
121 posts
Hotforex are supposed to be an STP/DMA broker. However, it is clear that they are not and their choice of liquidity providers leaves a lot to be desired as well.

Unfortunately most reviews are just worthless and are often made by bad traders having a whinge. Makes it very hard to tell which review actually has merit.

@tomazxyn Yep, that's exactly what I'm saying.
ebokai
Mar 17 2016 at 11:27
23 posts
With regards to removing the funds from Hotforex, should I wait until monday or remove them now. Currently the equity is facing some major drawdown, will this fixed before stopping the account?
robiG
Mar 17 2016 at 11:36
3 posts
BP33 posted:

@tomazxyn Yep, that's exactly what I'm saying.

Bp33, you will stop 20 march trading on this pamm or if pamm will be in floating drawdown you will trade until not exit the drawdown?
BP33
Mar 17 2016 at 11:57
121 posts
Any open trades will be closed normally, then no new ones will be opened.

Withdrawals are of course up to each investors own preference but it's probably easier to wait until all open trades are closed so only have to put in one withdrawal request.

majamivice
Mar 17 2016 at 14:36
52 posts
Do you post here when and where we will invest in your new account and how to do that?
ebokai
Mar 17 2016 at 14:36
23 posts
Ok thank you.
Look forward to participating on the new broker account.
patrickdrew
Mar 17 2016 at 15:22
11 posts
Hi there,

I notice that you have suddenly about 400 open positions!?!?
Is your plan to let them all close normally - in positive? This seems a very large amount all of a sudden!
Why are you suddenly leaving HF?? 3 weeks ago you were very happy!?

BR,

Patrick
kimjstuff
Mar 17 2016 at 16:53
10 posts
Can you tell which broker you're gonna use so that I/we could set up an account and be ready for the start.

Best regards

Kim Jensen
BP33
Mar 17 2016 at 20:00
121 posts
@patrickdrew nothing unusual or sudden about that at all, is perfectly standard for this strategy. As mentioned, Hotforex have been caught doing dodgy things. No issues prior to this but that is just unacceptable.


As mentioned previously, will post in here when ready to go at a new broker.

sainter
Mar 18 2016 at 07:06
2 posts
Why do you have such a big drawdown today? Are you planing to close the positions in plus before moving? :(
Looking forward to invest in you again ;)
BP33
Mar 18 2016 at 07:11
121 posts
There's a perfectly normal drawdown for this strategy, if that's what you mean :)

Yes, orders will be closed in the normal way before moving.
Pablo51
Mar 18 2016 at 07:46
91 posts
IMHO you should never have announced the change in broker having such an amount of open positions with hotforex.

Unfortunately I do not believe you will recover from the DD this time. I hope to be wrong because I have money in the PAMM.
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