TorinoFX
Info
| Name | TorinoFX |
Bio:
Providing Forex Managed PAMM Accounts that deliver. For more information, visit TorinoFX.com or e-mail us at info@torinoFX.com.
Trading style:
Automated
Motto:
Not specified
| Experience | 3-5 years |
| Location |
|
| Vouchers | 0 |
| Registered | Nov 20 2011 at 01:24 |
| Blocked users | 0 |
in TorinoFX feed
Jun 05 2012 at 17:00
in TorinoFX feed
Apr 24 2012 at 03:20
Chart
Systems
| Name | Gain | Drawdown | Pips | Trading | Leverage | Type |
|---|---|---|---|---|---|---|
| Medium Risk PAMM | -81.70% | 95.34% | -11433.6 | Automated | 1:200 | Real |
| Low Risk PAMM | 20.42% | 67.87% | -10642.2 | Automated | 1:200 | Real |
| Med/High Risk PAMM | 47.45% | 57.00% | -3729.0 | Automated | 1:200 | Real |
| Low Risk/Steady Gain PAMM | 45.84% | 35.00% | -4274.6 | Automated | 1:200 | Real |
| Kiwi Squeeze | 6.90% | 67.00% | -2433.5 | Automated | 1:500 | Real |
in Low Risk PAMM
Jul 12 2012 at 16:33
in Low Risk/Steady Gain PAMM
Jun 06 2012 at 13:18
in Kiwi Squeeze
Mar 22 2012 at 13:25
in Low Risk/Steady Gain PAMM
Jan 06 2012 at 06:29
gerald325i
Jul 12 2012 at 16:51
ul 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
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
TorinoFX
Jun 05 2012 at 17:00
All HotForex accounts have been shut down ahead of the 5 June deadline to US customers. FinFX it is!
TorinoFX
Apr 24 2012 at 03:20
Tonight, 23 April I decided to exit all AUDNZD trades bogging down the margin. To anyone tracking my accounts, this may have seemed as not so much of a burden, but with EURCHF already stuck at multilevels, I could not let AUDNZD keep going up indefinitely while a negative swap rate is being charge nightly. In other words, cutting at a loss of $250 today is better than being charged just that every night for holding these positions while there is no trading on an account...simple I think.
Also, EURCHF...while it earning positive swap, it is very stagnant. And although I see little danger holding these positions..in fact, they have huge potential...holding these positions means a lower earning per month.
Because margin is already being eaten by EURCHF postions, the only way to play it safe with a cushion is to trade lower lots on all other pairs, meaning a lower earning per month...so...I'm hoping for the SNB to raise the floor to 1.25 soon or well...enough said.
Also, EURCHF...while it earning positive swap, it is very stagnant. And although I see little danger holding these positions..in fact, they have huge potential...holding these positions means a lower earning per month.
Because margin is already being eaten by EURCHF postions, the only way to play it safe with a cushion is to trade lower lots on all other pairs, meaning a lower earning per month...so...I'm hoping for the SNB to raise the floor to 1.25 soon or well...enough said.
TorinoFX
Feb 22 2012 at 22:50
Today I decided to cut losses in the GBPUSD positions that had been open since January, after the GBP had a straight run of 11 consecutive days of gains without real retracements. This caused losses in 3 of my PAMMs, losses that although will be more than made up in the future they are nonetheless painful to see. I take them very seriously.
If anything, this underlines that Forex investments carry a risk. To current and future TorinoFX investors: I offer no guarantees. In fact, I expect you to be ready for a 100% loss. If safety is what you seek, I suggest you put your money under a mattress. I will not guarantee a certain maximum drawdown nor a possible gain. Having said this, I work hard to earn you a penny, and I will strive to manage risk the best I know how.
To all who have trust in me, I thank you for your support!
Gerald
If anything, this underlines that Forex investments carry a risk. To current and future TorinoFX investors: I offer no guarantees. In fact, I expect you to be ready for a 100% loss. If safety is what you seek, I suggest you put your money under a mattress. I will not guarantee a certain maximum drawdown nor a possible gain. Having said this, I work hard to earn you a penny, and I will strive to manage risk the best I know how.
To all who have trust in me, I thank you for your support!
Gerald
vancorr
Feb 22 2012 at 23:05
I appreciate your candor and insight into how you trade
noodles
Feb 24 2012 at 11:36
You go, G. You're an inspiration to us all. Fight!
gerald325i
Dec 02 2011 at 06:11
Yes, these accounts are kind of fresh...if you want to see what they look like in the long run...look at the person behind the curtain: gerald325i
Gerald
Gerald
