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Who has the best PAMM accoutn on fxbook ?
Member Since May 22, 2012
104 posts
Jul 01, 2013 at 19:19
Pincer posted:
Vijay,
Looks very interesting
So that I can make a decision whether to invest, can you please respond to these questions:
1. General explanation of the strategy/How does the system work/What is it designed to do?
2. What risk control mechanisms are in place (is there a S/L on every trade, is there a max DD each day/week/month, etc)
3. What would be the definition of failure? What condition's or DD parameters would have to occur to determine that the system is no longer viable?
4. What is a worst case scenario for a prospective investor?
Thank you.
These are the things that every investor should ask. Because its your hard earned money.
1. My strategy is based on elliot waves, fibonacci levels and support and resistance.
2. I have combined elliot waves and some other indicator to determine the trend. I trade based on trends. And i do not buy at highs, which may not give good results. Instead i wait for dips - again i use elliot waves to determine what is a dip. Trade volume is determined by my risk. I do not risk much on a single trade, but it usually be around 1 to 2% per trade. Also overall i do not risk 12-15% on all trades. To give you a good view, a 1000 pip loss will give me 10% loss.
3. As i buy at dips and sell at highs, when there is a trend, i will usually be looking for lower price for an uptrend currency. If the trade goes against me, my indicator shows the trend change. As i have already bought at dip, i wont be losing much when the trend changes. When the trend changes i my EA will automatically close the trades. Also i will be monitoring for any drastic changes with respect to any currency pair.
4. The worse case scenario for an investor is losing around 15% money. Even when it goes out of hands losing 20% money. i establish communicatior with the investors, i will try to know, what their expectations are, and what they are looking for from me, and i will communicate how my system works and what they should be execting. My suggestion to investors is to take out 50% of the money when they get around 80 to 100%. And later every month withdraw 10% of the profits.
I hope i have explained everything you need, feel free to contact me for further info.
Member Since May 22, 2012
104 posts
Jul 01, 2013 at 19:19
forgot to mention, my profit booking is at support and resistance levels
Member Since Sep 05, 2011
52 posts
Jul 03, 2013 at 20:13
Any comments about this system?
http://www.myfxbook.com/members/divebubble/fdaxgap/433917
http://www.myfxbook.com/members/divebubble/fdaxgap/433917
Jul 13, 2013 at 09:28
Member Since Jan 10, 2013
259 posts
Jul 14, 2013 at 17:43
viratfx posted:
pls check out my hotforex pamm account
http://www.myfxbook.com/members/viratfx/virat-pamm/532025
I couldn't find you under hotforex pamm accounts.... possibly because you are using another name there or you are trying to scam someone
Jul 15, 2013 at 06:05
oh hey...the demo freak is back
http://pamm.hotforex.com/en/managerdetails.html?l=58974123512456235467238&usermode=0
http://pamm.hotforex.com/en/managerdetails.html?l=58974123512456235467238&usermode=0
Member Since Jan 10, 2013
259 posts
Jul 15, 2013 at 07:49
oh the idiot under a different name is back huh.....I too have a hotforex pamm account and cant see you near mine shit for brains
Member Since Jan 10, 2013
259 posts
Jul 15, 2013 at 20:49
No not far away I'm just on your heels hence why you can't see me.
Always of your kind keep changing names and systems to hide from the truth.
Always of your kind keep changing names and systems to hide from the truth.
Jul 16, 2013 at 06:07
I have neither changed my name nor that of my 2 systems...check the earlier entries...i guess youre too dumb to figure that out....get momeee to find you a job...something your brain can handle...like selling ice-cream or something. stop wasting money on fx...fruitloops
Member Since May 22, 2012
104 posts
Jul 16, 2013 at 06:33
Dear @viratfx
why are you getting involved in fights with your prospective investors? You are a fund manager, his attitude should be totally different. Why are you using foul language here. No need to talk so much to get investors man. Just to one thing that you do best. People will invest if your system works in the long run. Just an advise from your fellow fund manager. We are all here are to make money either by trading or by investing. So lets concentrate on that and nothing else.
why are you getting involved in fights with your prospective investors? You are a fund manager, his attitude should be totally different. Why are you using foul language here. No need to talk so much to get investors man. Just to one thing that you do best. People will invest if your system works in the long run. Just an advise from your fellow fund manager. We are all here are to make money either by trading or by investing. So lets concentrate on that and nothing else.
Jul 16, 2013 at 07:25
Vijay i get what youre saying...firstly i trade my own money...investors are welcome but not necessary...this same truck driver punk was talking nonsense about my trading accounts for no reason...pls check the earlier posts.
supposedly i was "manipulating" my stats with an account verified by myfxbook...and on the other system i had too big a drawdown (which is quite contradictory..if i was actually fudging my stats...which is not even possible)....the same guy also has a demo account with a 2 million % return ...hahahah and obviously has no idea about trading at all....just some financially illiterate joker
So, while I apologize if ive put someone off...Im not here to take shit from some blue collar punk who trades with $200
Regards
supposedly i was "manipulating" my stats with an account verified by myfxbook...and on the other system i had too big a drawdown (which is quite contradictory..if i was actually fudging my stats...which is not even possible)....the same guy also has a demo account with a 2 million % return ...hahahah and obviously has no idea about trading at all....just some financially illiterate joker
So, while I apologize if ive put someone off...Im not here to take shit from some blue collar punk who trades with $200
Regards
Member Since May 22, 2012
104 posts
Jul 16, 2013 at 10:12
viratfx posted:
Vijay i get what youre saying...firstly i trade my own money...investors are welcome but not necessary...this same truck driver punk was talking nonsense about my trading accounts for no reason...pls check the earlier posts.
supposedly i was "manipulating" my stats with an account verified by myfxbook...and on the other system i had too big a drawdown (which is quite contradictory..if i was actually fudging my stats...which is not even possible)....the same guy also has a demo account with a 2 million % return ...hahahah and obviously has no idea about trading at all....just some financially illiterate joker
So, while I apologize if ive put someone off...Im not here to take shit from some blue collar punk who trades with $200
Regards
I can understand. But if u stay calm, the guy who talks shit will be eliminated on his own. All the people are here know who is real and who is fake, so dont get intimidated or irritated by his WHATEVER comments. After all, a trader wont get emotional :P atleast in market context :D so best of luck.
Member Since Jan 10, 2013
259 posts
Jul 16, 2013 at 11:11
Actually the collar I am is one you only dream of hence why you put very little of your money in your system and not open up an account with hundred of thousands, and besides with your lack of wit one can only make a conclusion that your system will die out.
And just to set you straight you're here begging for investors and asking for 15% fees because you got nothing to invest. I have I will always abuse you for what you are dreamer.
And just to set you straight you're here begging for investors and asking for 15% fees because you got nothing to invest. I have I will always abuse you for what you are dreamer.
Member Since Jan 10, 2013
259 posts
Jul 16, 2013 at 11:12
vijayinvites posted:
Dear @viratfx
why are you getting involved in fights with your prospective investors? You are a fund manager, his attitude should be totally different. Why are you using foul language here. No need to talk so much to get investors man. Just to one thing that you do best. People will invest if your system works in the long run. Just an advise from your fellow fund manager. We are all here are to make money either by trading or by investing. So lets concentrate on that and nothing else.
I don't mind him abusing me because to me he is nothing and always will be, but I did like his system, however, I did show other investors the type of person he is, which most likely will deter them lol
To investors the person operating the investment fund MUST be totally professional at all times otherwise volume investors would stay away.
