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Low Risk PAMM (Od TorinoFX)

Zisk : +20.42%
Čerpání 67.87%
Pipy: -10642.2
Obchodníci 7316
Vyhraná :
Prohraná :
Typ : Reálný
Páka: 1:200
Obchodování : Automaticky

Low Risk PAMM diskuse

Nov 27, 2011 at 21:15
768 zobrazení
3 Replies
Členem od Nov 20, 2011   8 příspěvků
Jul 12, 2012 at 16:33
Jul 12, 2012
Sad day today, but could have been much worse

Fellow investors, it is with great regret that I would like to explain today's losses with the Low Risk PAMM. Keep in mind that I have lost $ as well. Last week the VPS did an update and restarted the system. When this happens, an application restarts the MT4 platforms to resume trading. For whatever reason that I cannot explain, double MT4 sessions were opened for the low risk account. When this occurs, it is well known that double trades will take place. At the same time EURAUD, USDCHF and AUDNZD embarked in a diagonal channel with trades in the wrong side of the channel. I will not lie to you: I have lost some sleep lately. At one time the low risk account reached a margin level of 260%. This is scary, but unfortunately, my only option at the time would have been to close positions with EURAUD at a loss of $8,000! In the meantime, FinFX charges a carry fee which was getting to be heavy in the sense that waiting for another week would have resulted in the break even line moving away from current price action. In other words, if today I needed to break even at 1.20...next week it would be 1.30 due to fees! So I chose to cut our losses early, even if EURAUD does eventually recover...but we don't have a crystal ball.As I always say, and rightly so, in the long scheme of things, this loss will be a bump on the road, but for today, it is painful to look at.I share the pain with every one of you. but rest assured that the new margin of 1200% will give me and you a good reason to sleep well today.Finally, a good friend and investor of this same PAMM once said that it was my fear of losing money that makes me good at what I do. This week has been panic mode for me. These things happen and underline one thing: you must diversify! Different brokers, different VPS, different money managers...you get the point. Do not let the total loss of ONE account be your total loss!This time we have dodged the bullet and I have take steps to prevent this in the future, but the system is not full proof.I thank you again for your trust and may the account live another day and with a dollar gained, that is the key after all.

Gerald
forex_trader_35857
Členem od May 06, 2011   4 příspěvků
Aug 01, 2012 at 00:51
What VPS are you using?
ForexScam
forex_trader_32776
Členem od Mar 28, 2011   1008 příspěvků
Aug 01, 2012 at 15:15
Both the low risk and Medium risk were affected from the same scenario? https://www.myfxbook.com/members/TorinoFX/medium-risk-pamm/198603

I had a similar scenario on this same day ( july 12) with a London VPS provider - Windows Reboot which resulted in immediate losses.
I can concur with diversification on all aspects.

I continue to use CNS in the NYC data center ( all windows updates are postponed and I've never had an issue).
SanandaJmmanuel
forex_trader_59378
Členem od Jan 11, 2012   27 příspěvků
Aug 06, 2012 at 13:03
most pamm i have seen don't survive more than 6 months. Seen losses up to 300,000 USD
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