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Instaforex PAMM (By beorn)

The user has deleted this system.

Instaforex PAMM Discussion

Feb 23, 2011 at 17:42
737 Views
9 Replies
Member Since May 09, 2010   39 posts
Sep 16, 2011 at 00:19
Member Since Sep 15, 2011   4 posts
Nov 30, 2011 at 07:32
look nice :) keep it up
slow & consistance
Member Since Jul 30, 2011   71 posts
Nov 30, 2011 at 14:54 (edited Nov 30, 2011 at 14:54)
Martingale...?

Could work, but riskier. Why hide lots and such?
Riding waves always leads to a fall
Member Since May 09, 2010   39 posts
Nov 30, 2011 at 15:35
It does use martingale after 8 open orders. A series of orders is limited to 11. After 11 orders, if the conditions are right, it will begging a new series of orders but resetting the martingale factor. A hidden stoploss is triggered if the drawdown reaches a predetermined amount of money, closing a certain percentage of open trades.
Profit in pips is positive so the strategy would still be profitable without using martingale.

If you click the link in the first post you can see the entire trading history, including lots, etc.

I've also made the account info public here in myfxbook.com

SM
Member Since Jul 30, 2011   71 posts
Nov 30, 2011 at 16:12
Thanks for showing the additional information, that creates a better picture for potential investors.

8 open orders btw...that sounds familiar, are you using GridMeUp?
Riding waves always leads to a fall
Member Since May 09, 2010   39 posts
Nov 30, 2011 at 17:42
Yes I am, with a few tweaks here and there but using pretty much the standard settings.

SM
Member Since Jul 30, 2011   71 posts
Nov 30, 2011 at 19:38
Ok, that might be a good thing to let people know as well :) It would deter me from investing, as I've seen it crash two demo accounts of my own :( It works well for a while, but eventually it will get stuck in a trend and take an EP hit. So, be warned and careful :)
Riding waves always leads to a fall
Member Since May 09, 2010   39 posts
Nov 30, 2011 at 19:56
How did that happen? Under normal conditions it should never crash an account. The drawdown protection should kick in and close some losing trades long before you get a margin call. I've seen that happen in backtests a few times and the account always managed to get back in profit after a while.

I've used other grid trading EAs, including Blessing and Forex Hacked, and while these can work long term IF you set clear stops and use proper money management, I find GMU to be the safest I've seen so far.

You should give it another try.

SM
Member Since Jul 30, 2011   71 posts
Nov 30, 2011 at 20:17
Nah, I don't mean to critizise, you might do fine for a long time, but it's just too risky for my appetite. I've found better things, and will not mess with this type of system ever again. I used default settings btw.

Riding waves always leads to a fall
Member Since May 09, 2010   39 posts
Nov 30, 2011 at 20:52
No worries, all comments are welcome. I didn't mean to say you did something wrong, I know the EA has had its share of bugs and a couple still don't seem to have been resolved.
I'm used to grid systems and it's not always easy to watch them trade but it helps if you understand how a determined EA is supposed to handle the trades, and once you accept that a grid strategy will eventually cause large drawdown periods all you really have to focus on is checking if the EA is running correctly and let it do its thing.

Happy trading mate.

SM
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