can you tell more about you ? like how long you trading where you come from. is it a automated trading system or manual trading . Capital sector is not in Hotforex?Can I use also FXCM as a brokeror only Hotforex? However it looks great your performance . How to contact You ? Is there any way to see how many trades are open ? best regards,Christian
Hello, I have been studying your performance for some few months and I am planning to join soon with around $5000 but I have heard some negative things about hot-forex Pamm account service which make me a little skeptical. I would like to know why your result in myfxbook is quite different to the one of hotforex this month..hotforex is showing around 6.5 while myfxbook is showing 2.2..?
tomazxyn posted: Hello, I have been studying your performance for some few months and I am planning to join soon with around $5000 but I have heard some negative things about hot-forex Pamm account service which make me a little skeptical. I would like to know why your result in myfxbook is quite different to the one of hotforex this month..hotforex is showing around 6.5 while myfxbook is showing 2.2..?
Did we ever get a response back to this important observation of a results mismatch?
One thing I've noticed is that it's important to see when the stats were last updated. Neither place has them in anything remotely resembling real time. Eg: if myfxbook says last update 5 minutes ago (or something else recent) but Hotforex says last update was yesterday - there's the answer.
Just did a quick check for Jan and Feb this year and both are showing the correct gain percentage, although myfxbook uses 2 decimal places compared to Hotforex's one decimal place.
September 2015: Monthly Gains(Change)=5.33% and Monthly Gains(Pips)=-648.7, this means the recovery is of martingale type. Personally I use a lot this type of recovery, but I know many other people don't like it. Good performance, to attract investors at least history should be open.
We would need more information than what you present here @ovisun . The ever growing equity curve can be an excellent system without martingale for recovery. We need proof and that will be hard to get.
RedRhinoFX posted: We would need more information than what you present here @ovisun . The ever growing equity curve can be an excellent system without martingale for recovery. We need proof and that will be hard to get.
I later joined Bpge pamm account in hotforex broker last month with 5514k and I must confess it have really been great so far..my account is up around 15%+ so far which corresponds with the present history in myfxbook..They are times it happens that myfxbook or hotforex don't update quickly but they correct it with time..I get daily trade history in my mail, I have never seen such a highly efficient trading system in my 5yrs in Forex. I hope he maintains this performance for a long time..The amount he manages in his pamm account speak for itself and I really like the way he manages his risk, no ridiculous drawdowns and stable return.. I REALLY RECOMMEND THIS PAMM ACCOUNT.
I don't link my live account to myfxbook and I do not plan doing that anytime soon. I criticized the Bpge Pamm few months ago so I thought I should post some good comment after trying them out and was impressed.
I have read all sort of comments of people that lost their money using hotforex because of a 'misleading' pamm stats and so on. I myself have lost money previously investing this is due to my neglect of how to spot the right trader/manager. Let me tell you how you can find it to! When you are searching for a good pamm trader you have to look for a couple of things:
1. Previous history of trades he/she has made and hunt them all down to see if he entered with unreasonable high risk in a trade. 2. PIPS never lie! No matter what pips never lie, good professionals dont make 200 pips with 30% return for a month! 3. How long has the account been active and how many trades were made! 4. VERY important is floating Floating P/L this shows if the trader only want to show the good trades and keep the bad ones open! If you see a good balance let say 30k but the floating p/l is 20k you know this is a bad sign!
Well based on that and to 2 weeks of research let me show you some stats about this guy right here:
1. He has his trade history locked but we have a way to know if the trades were entered with unreasonable high % risk. Let say For January he has made 25666 pips which corresponds for 13% which let us to believe that any trade were entered with 0.05% of the account which is great!! 2.So far this person has made over 263341 pips i am not sure many of people here know how good is that, i have never seen such a stat this obviously shows he does know what he is doing. If you see his stats for 2014 and shance the vies setting to show pips count you can see that on average he makes between 10 000 pips and 15 000 which is amazingly good showing that he DOES know how to trade. 3. The account has been ruining for over a year i do not see many with such stats ruining for that long! 4. As of right now floating p/l is -5206.5 which corresponds for -1,29% of the account which clearly indicates not bad trades are hidden.
Last i personally think to invest heavily in this account so far this is the best i have found and like you see i like to check everything before investing. Will invest a little bit of money to test the water i will give an update when i have more info. But of what i have seen so far this would a no brainer! Happy trading to all and happy investing!