Profit Greider (PAMM) (By Silentspec)
| Gain : | +206.18% |
| Drawdown | 26.63% |
| Pips: | 1437.9 |
| Trades | 333 |
| Won: |
|
| Lost: |
|
| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Manual |
Profit Greider (PAMM) Discussion
Oct 14, 2013 at 16:25
Well ,
problem always appear when a system generates more than 100% monthly , at this stage you fall on the 'radar' of the
broker first ( a friend of mine works for a broker in Aussie land) , then the broker assign one of their agent to watch and
monitor the winning account permanently , with all the dirty plugs-in they already have with 'boston technologies' they launch
the full package ...and if they do not succed to stop the winning horse , well ,they start to have problem with their 'books'
thus with the LP ( Liquidity provider). For sure they received the call from the LP last friday ... .
Solution ?? Several PAMM`s in different brokers ...
problem always appear when a system generates more than 100% monthly , at this stage you fall on the 'radar' of the
broker first ( a friend of mine works for a broker in Aussie land) , then the broker assign one of their agent to watch and
monitor the winning account permanently , with all the dirty plugs-in they already have with 'boston technologies' they launch
the full package ...and if they do not succed to stop the winning horse , well ,they start to have problem with their 'books'
thus with the LP ( Liquidity provider). For sure they received the call from the LP last friday ... .
Solution ?? Several PAMM`s in different brokers ...
Oct 14, 2013 at 16:33
(edited Oct 14, 2013 at 16:33)
at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/
intinv@
Oct 14, 2013 at 16:34
Don't be extreme guys, all brokers are not market maker, hence they don't care if you win or lose. All they want is volume and their LP to be happy.
I also heard about a stories like that sdek4x, that brokers 'check' accounts doing more than 100% monthly, which I can understand has its insane (from a rational investor point of view). I guess they check if everything is legit and especially if it doesn't smell like arbitrage.
Beside that, I don't think they could keep any money or do any dirty trick, especially to half a million account like this one.
I bet the trader used a lil tricky strategy or something on the 'limit' of the legality with Alpari...Let's hope he withdrew everything instead of the broker 'withdrawing him'.
I also heard about a stories like that sdek4x, that brokers 'check' accounts doing more than 100% monthly, which I can understand has its insane (from a rational investor point of view). I guess they check if everything is legit and especially if it doesn't smell like arbitrage.
Beside that, I don't think they could keep any money or do any dirty trick, especially to half a million account like this one.
I bet the trader used a lil tricky strategy or something on the 'limit' of the legality with Alpari...Let's hope he withdrew everything instead of the broker 'withdrawing him'.
A smooth sea never made a skillful sailor.
Oct 14, 2013 at 16:55
medibkk posted:
at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/
Im not surprised, its typical bucketshop restriction. Once alpari changed their leverage policy to get rid of the winning marty/ grid traders...
Member Since Oct 04, 2013
9 posts
Oct 14, 2013 at 18:14
Same here just received an email...pamm account liquidated !! 😡
Member Since Oct 04, 2013
9 posts
Oct 14, 2013 at 18:15
PFewwww I received my money back though including the profit. I hope he opens another PAMM account though... 😳
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Oct 15, 2013 at 05:24
ForexPro posted:medibkk posted:
at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/
Im not surprised, its typical bucketshop restriction. Once alpari changed their leverage policy to get rid of the winning marty/ grid traders...
Starting on this date, PAMM Account managers with more than 100,000 USD / 70,000 EUR / 70,000 GLD in total equity on their account will no longer be able to trade with more than 1:100 leverage.
Source: alpari-forex.com, 'Oct. 14 – New Leverage Restriction for PAMM Managers'
The truth is Most LP do not offer High leverage - https://www.spotware.com/partners/liquidity-providers
Brokers normally have more capital ( excess ) than the margin needed to hold your positions on desk and this allows the broker to offer you massively high leverage.
It is also best for the broker because with high leverage, we can open Larger Lots, and the broker makes more money through commission this way.
Oct 15, 2013 at 06:46
sdek4x posted:
Well ,
problem always appear when a system generates more than 100% monthly , at this stage you fall on the 'radar' of the
broker first ( a friend of mine works for a broker in Aussie land) , then the broker assign one of their agent to watch and
monitor the winning account permanently , with all the dirty plugs-in they already have with 'boston technologies' they launch
the full package ...and if they do not succed to stop the winning horse , well ,they start to have problem with their 'books'
thus with the LP ( Liquidity provider). For sure they received the call from the LP last friday ... .
Solution ?? Several PAMM`s in different brokers ...
I knew that this will happen because I did not go into PAMM. These are classic scams by brokers. This will do many broker. I've seen this in several reputable brokers.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
