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BPGE (PAMM account) (By BP33 )

The user has deleted this system.

BPGE (PAMM account) Discussion

Mar 18 2016 at 07:54
121 posts
Some perspective for you, Pablo... the drawdown is fully expected as a normal part of the strategy so there's nothing to 'recover' from :)

Just in case there's any confusion:

The 20th is the date where no new investors are permitted, not the moving date.

Absolutely not moving until current open trades are closed.

Once they are, moving some time soon after that but no new trades will be opened in the mean time.

I'll advise once all trades are closed and will advise again once new setup is in place.

Mar 18 2016 at 08:12
91 posts
Thanks for the answer. It is only that as you know I do have myself also l number of doubts about Hotforex.

Have a nice trading!!
Mar 18 2016 at 08:26
121 posts
You're welcome and thank you, Pablo :)
Mar 18 2016 at 22:09
20 posts
I was watching your system for a month or so. I'm not an investor with you. My remarks are based on my long experience in the forex market. Your system does not use stop loss. It depends on averaging down the price when the market goes in the wrong direction. That's why you are having 400+ trades open right now. I don't want to enter in the debate about real DD, but a system with no stop loss will have either the current 17% DD or 100% DD when the market continues to go in other direction. My 2 cents.
Mar 18 2016 at 22:11
11 posts
Thank you for the answer.
What is it that HF has done?? Have they not paid you your %?


Mar 18 2016 at 22:17
2 posts
I am in 20% drawdown, should i wait or exit now?
Mar 21 2016 at 02:53
121 posts
All open trades are now closed.

We took a loss today basically to get the hell out of there asap.
Hotforex didn't start their price feed until a full 30 minutes after the market opened. I don't care what reason they think they have, that's just unacceptable and basically left me with no choice because that sort of behaviour makes the risk undefined and therefore too high.

I've processed any pending withdrawals manually (can only do when 0 open trades) so folks don't have to wait until rollover today.

Helpful tip:
When making withdrawals you need to use the same method you used to deposit due to AML requirements. If you don't, you'll find it just won't be processed and you'll be very lucky if they even bother to let you know.

I'll make another post once I'm happy a new setup is ready to go.
Mar 21 2016 at 03:52
121 posts
If anyone is having issues withdrawing to their hotforex wallet, including receiving an amount that is too high, it's taking the hotforex website in excess of 2 hours (so far!) just to process the closed trades.

Their website is extremely slow at the best of times but this is obviously very poor and you should definitely take it up with them (not me!) if you have any issues.
FTDFX (eruditeX)
Mar 21 2016 at 07:20
52 posts
Are u saying your open trades on is closed as well?

I saw u closed on sector capital but not on BPGE, because you have withdrawn your own manager's capital.

Are the positions float or what now?
Mar 21 2016 at 07:21
23 posts
hooray bro
i will follow you
FTDFX (eruditeX)
Mar 21 2016 at 07:22
52 posts
So you permanently quit and halt 112993?

Or u are joining back after you have a new setup on new broker or still on the existing pamm on hotforex?

It's not fair if u join back when high watermark might restarted making investor suffered heavy losses this month.
Mar 21 2016 at 07:27
14 posts
Hi All,

Here's the message that appears in Hotforex currently:

'Balance operations have been temporary disabled on this PAMM Manager account'

Do you all face the same issue?
Mar 21 2016 at 07:28
14 posts
The above happens when I am trying to withdraw the amount from the PAMM account
Mar 21 2016 at 07:28
3 posts
Bp33, update myfxbook link, please.
Mar 21 2016 at 07:28
2 posts
In this moment, when i try withdrawing apper 'Balance operations have been temporary disabled on this PAMM Manager account.'
Mar 21 2016 at 07:29
9 posts
Withdraw money to My Wallet Balance?
Or remove s credit card to wait for your news?
You'll continue with operations in another broker?
This will be the channel of communication?
I want to follow in the future. 😭
Mar 21 2016 at 07:31
23 posts
I just tried to remove my funds and I get a message saying:
'Balance operations have been temporary disabled on this PAMM Manager account.'

I know this isn't a problem on your part and I will take this up with Hotforex but I don't like this at all.
Anyone else getting this message?
Mar 21 2016 at 07:41
27 posts
@dennislye..facing the same issue too..
Hot-forex is one hell of a broker.

Seems our funds is gonna be stuck there for some time.
Mar 21 2016 at 07:42
11 posts
Yes - Balance operations disabled....' appears for all people on this PAMM account. :-(
Also BPGE - I am very disappointed that you close the trades in loss!!! There was no need for this at all. If you are unhappy and want to leave HF then fine. Many people would follow you - but when you react emotionally just because they open 30 min late (which they do every Monday) and cause us undue loss because you want to 'get the hell out of there' that makes a lot of us lose faith in you!
Not happy!
Mar 21 2016 at 07:42
11 posts
Thank you for the tip on AML requirements though! Good to know...
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