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How to choose a good PAMM account
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nasrul_poyo

Biedrs kopš Sep 11, 2017  124 ieraksti Nasrul (nasrul_poyo) Apr 25 2018 at 07:06
sjkhaushu posted:
Here are my rules:

- verified trading history
- no cent accounts
- broker ragulated at FCA or ASIC (if its not regulated, the results can easily be fake)
- no extreme scalping (scalability, liquidity, slippage and latency issues. When trading larger amounts the performance drops significantly)
- no grid or martingale strategies, they all fail without exception
- exact rules of the strategy have to be set so investor can recognize if something is out of ordinary
- every trade has to have a SL
- I much prefer automated trading to manual (no human factor) but its not a hard rule, just recommendation
- Max DD can not be more than two times higher than average monthly profit (e.g. 10% DD, 5% avg monthly profit)
- smooth equity/balance graph. If out of 12 months there are 10 with 2% avg profit and 2 months of 20%, the results are too volatile for me. It usually means that the trader went off script and thats a very bad sign
- equity has to be as close to profit line as possible. Never ever invest in accounts that have a great looking profit line but the equity is always below it. That means that the trader is holding on to bad trades and only closing the profitable ones. It is only a matter of time when those accounts will blow up, that is a guarantee.

If you follow those rules, you will be fine. The problem is there are only a few accounts that fit this criteria so you have to look very hard to find themwink


Maybe you are too old when you find 1 that meet your criteria.

I tell you something, I went bank for investment, they asked my profit target. In order to have 20% per annum, i need to risk 50-100% my money invested.

Ok, let search trader that meet your criteria. haha

sjkhaushu

Biedrs kopš Mar 09, 2018  143 ieraksti sjkhaushu Apr 25 2018 at 11:57
nasrul_poyo posted:
sjkhaushu posted:
Here are my rules:

- verified trading history
- no cent accounts
- broker ragulated at FCA or ASIC (if its not regulated, the results can easily be fake)
- no extreme scalping (scalability, liquidity, slippage and latency issues. When trading larger amounts the performance drops significantly)
- no grid or martingale strategies, they all fail without exception
- exact rules of the strategy have to be set so investor can recognize if something is out of ordinary
- every trade has to have a SL
- I much prefer automated trading to manual (no human factor) but its not a hard rule, just recommendation
- Max DD can not be more than two times higher than average monthly profit (e.g. 10% DD, 5% avg monthly profit)
- smooth equity/balance graph. If out of 12 months there are 10 with 2% avg profit and 2 months of 20%, the results are too volatile for me. It usually means that the trader went off script and thats a very bad sign
- equity has to be as close to profit line as possible. Never ever invest in accounts that have a great looking profit line but the equity is always below it. That means that the trader is holding on to bad trades and only closing the profitable ones. It is only a matter of time when those accounts will blow up, that is a guarantee.

If you follow those rules, you will be fine. The problem is there are only a few accounts that fit this criteria so you have to look very hard to find themwink


Maybe you are too old when you find 1 that meet your criteria.

I tell you something, I went bank for investment, they asked my profit target. In order to have 20% per annum, i need to risk 50-100% my money invested.

Ok, let search trader that meet your criteria. haha


I already found such system, 2 in fact. Maybe you should spend some more time developing your own system than writing things without doing actual research.

Elitefxsniper

Biedrs kopš Apr 01, 2018  46 ieraksti Aleksandr (Elitefxsniper) Apr 25 2018 at 12:26



Mages of the market make a stable 100% per annum, my goal is to become one of them, then I will choose investors myself)

sjkhaushu

Biedrs kopš Mar 09, 2018  143 ieraksti sjkhaushu Apr 25 2018 at 13:49
Elitefxsniper posted:



Mages of the market make a stable 100% per annum, my goal is to become one of them, then I will choose investors myself)



It depends.... If someone makes 100% p.a. on 50% DD, thats a bad ratio. 100% on 25% max is a different story.

nasrul_poyo

Biedrs kopš Sep 11, 2017  124 ieraksti Nasrul (nasrul_poyo) Apr 25 2018 at 13:52
sjkhaushu posted:
nasrul_poyo posted:
sjkhaushu posted:
Here are my rules:

- verified trading history
- no cent accounts
- broker ragulated at FCA or ASIC (if its not regulated, the results can easily be fake)
- no extreme scalping (scalability, liquidity, slippage and latency issues. When trading larger amounts the performance drops significantly)
- no grid or martingale strategies, they all fail without exception
- exact rules of the strategy have to be set so investor can recognize if something is out of ordinary
- every trade has to have a SL
- I much prefer automated trading to manual (no human factor) but its not a hard rule, just recommendation
- Max DD can not be more than two times higher than average monthly profit (e.g. 10% DD, 5% avg monthly profit)
- smooth equity/balance graph. If out of 12 months there are 10 with 2% avg profit and 2 months of 20%, the results are too volatile for me. It usually means that the trader went off script and thats a very bad sign
- equity has to be as close to profit line as possible. Never ever invest in accounts that have a great looking profit line but the equity is always below it. That means that the trader is holding on to bad trades and only closing the profitable ones. It is only a matter of time when those accounts will blow up, that is a guarantee.

If you follow those rules, you will be fine. The problem is there are only a few accounts that fit this criteria so you have to look very hard to find themwink


Maybe you are too old when you find 1 that meet your criteria.

I tell you something, I went bank for investment, they asked my profit target. In order to have 20% per annum, i need to risk 50-100% my money invested.

Ok, let search trader that meet your criteria. haha


I already found such system, 2 in fact. Maybe you should spend some more time developing your own system than writing things without doing actual research.


Its great that you had found that trader. Hoping that you can earn profit from their trades. I dont have time to build my own strategy, just using what researcher have done. Instead of building a new aeroplane, why not you just buy the ticket and fly around the world with that things ;)

Elitefxsniper

Biedrs kopš Apr 01, 2018  46 ieraksti Aleksandr (Elitefxsniper) Apr 25 2018 at 14:32
sjkhaushu posted:
Elitefxsniper posted:



Mages of the market make a stable 100% per annum, my goal is to become one of them, then I will choose investors myself)



It depends.... If someone makes 100% p.a. on 50% DD, thats a bad ratio. 100% on 25% max is a different story.




it is my goal
100% profit, 20 % dd

Mohammadi

Biedrs kopš Aug 11, 2017  759 ieraksti Mohammadi May 21 2018 at 10:41
If anyone comfortable with the option trading, then I have no objection; but personally Forex is my 1st choice; because it matches with my trading personality! On the other hand, Options trading is too much fast, that’s way till now I have no idea on live option trading.

chillipalmer86

Biedrs kopš Jun 18, 2018  1 ieraksti chillipalmer86 Jun 20 2018 at 05:53
I'm considering investing in this MAM, wondering what other people think?:

https://www.myfxbook.com/members/Linorth/trading-linorth-big-investors-pool/2482705

JamesAnderson

Biedrs kopš Mar 26, 2018  31 ieraksti JamesAnderson Jun 22 2018 at 07:24
axing posted:
How to choose a good PAMM account. thank you


Pamm account is good for you as you share your investment with your selected trader but before that, you should choose to check his past record of trades and see the ratio if above 70 % win then it is good.

- I recommend investing in PAMM account only to TOP 10 brokers

- The broker who lists the best performing PAMM account managers and provides details about how well they have been performing

- The broker does not charge interest on the PAMM account

- Experience,Trading style,Conditions for investment,Percentage returns,Interest rates

SpacePower

Biedrs kopš Jun 21, 2018  8 ieraksti SpacePower Jun 22 2018 at 07:24
Not enough history to tell. You need to see at least 1 year before following

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