It's absolutely right that you pointed out that this system is used purely for large capital, because the leverage of 1:2000 can cause the complete destruction of small capital. The truth is always better than false expectations.
Yes, this strategy requires large capital, but it doesn't require 100K. However, we have set 100K as minimum capital because we don't want to trade any MT4 accounts personally whose balance is below 100K since it will be really nuisance to deal with each and every investor separately since till now we don't offer any public service like PAMM or MAM etc. So for now we are happy trading with a couple of large investors of 100K each.
But definitely this strategy requires at least 20K or more in order to maintain a reasonable drawdown % in the account. Any account balance below that will face a large drawdowns like 70%, 80% or even 90% or more. This account we have put under very high risk with drawdowns up to 90%.
However, now we are planning to offer PAMM service through Hotforex broker. Due to regulatory requirements, we can offer PAMM only in Hotforex for now if we get interest from reasonable number of investors and reasonable amount of funds.
Our minimum net requirement to offer PAMM in Hotforex is at least 2M USD or more and if it meets the requirements, then we will open a PAMM account in Hotforex.
Please show your interest if you want to join in Hotforex PAMM with current system.
NOTES:: ====== 1.Please clearly mention the amount you want to invest here so that we will keep checking how much is the total amount of interest and if it meets at least 2M USD total or anywhere close to that, then we will apply for a Hotforex PAMM. 2.Either you can send an email to our contact email '[email protected]' along with the amount you want to invest or post a comment here whichever is convenient for you, but please don't duplicate and if you are doing both, then please mention the same in your email or in the myfxbook post.
We have done some major improvements in the system and hence, the drawdowns can be maintained relatively low between 30% to 50% even in smaller balances like 5K or 10K etc along with consistent profits.
The daily targets are around 2% to 4% per day with a average drawdown around 20% and maximum drawdown of around 50%.
We are planning to offer Hotforex PAMM in coming weeks or months with starting balance of 5000 USD. We need some of the initial investors to show interest to invest in the system before we start the PAMM.
So please show your interest if you want to join in Hotforex PAMM with current system either by making a comment here or send us an email to our support email '[email protected]'.
Please mention clearly how much you are willing to invest in the system and if total funds meet at least around 50K to 100K with around 5 to 10 investors, then we will start a Hotforex PAMM account and make it open for others to join also.