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Author Topic: Experience with PAMM accounts?  (Read 31929 times)

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #30 on: November 16, 2017, 02:24:16 AM »
What are peoples experience with PAMMs?

I invested in one a while ago that blew up. Just wondering if anyone has had really good experience with any specifics?

I would recommend to use a broker that supports setting up your own hard stop, so no matter what happens with money manager you get stopped at your precise level.

For that reason I invested in Mt. Cook broker, they offer a hybrid PAM where you can set your max. loss and increase or decrease risk. The PAM I'm in is managed by JoePro, so far it has been great. Low risk as all trades are protected with hedges and it doesn't matter what direction market goes as long as it moves we make profit. Here is a link if anybody want's to know more: http://www.4xcp.com

Here is the myfxbook of the PAM: https://www.myfxbook.com/members/clearstonecap/clear-stone-capital-ltd-mtcook/2251842

i took a peak at them today as well, pretty slick set up, ultimately adjustable for both sides.

will look into this more next year.

sure see no systems to click on at mt cook, which button do i need to push ??

Hey Reinerh

I trade a PAMM with Mt Cook and they are top of the heap.  Really unique Hybrid Software that gives both manager and subscriber the control and visibility they need.  This  Hybrid PAMM software for money managers, allows the customer to control risk profile, IB profile, and Performance Fee type.  individually customise your whole investment in each investor's agreement, and their technology is cutting edge.  The developers and partners were traders themselves.  decided to make a boutique brokerage with really cool offerings for peeps like us.
This is the Hybrid Pamm software at Mt Cook Financial:
http://mtcookfinancial.com/pam-hybrid-2-0-presentation/ (password: hybridvid)

Let me know if you still have questions.

thx, yes i took a peek already, its the cats meow. i am highly impressed..............

gee exciting times ahead, and signals is still an option with mtcook hybrid as well.

simply put all options they got it covered..................plus a killer feed too, oh man ;)

Offline jwatts7701

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Re: Experience with PAMM accounts?
« Reply #31 on: November 16, 2017, 03:04:02 AM »
jwatts,

i am also getting more and more excited about mt cook.

doing extensive research myself, did not know divisa clears the trades, thats news to me.

you must be trading some high speed stuff i assume, gee might have to undust mine ;)

one mystery so far is still how to find systems on mt cook, i cant find nada. why are they not listed anywhere on their site ? with links to myfxbooks, man that be sweet but no dice..........

or am i blind......................

Hey reinerh. It is actually news trading so yeah it needs a bit of speed! I only hope it can continue to do well. I have found that sometimes these work for a while then stop. You know how that goes I am sure.

The Divisa account is only one of their feeds (DMA). Their ECN is also quite good to (that is where my PAM is with them). But it is not as good for my news stuff only.

If you have sensitive EAs I find this a good place to test them because you can test them on different environments fast and easily.

I much prefer EAs like Cabex that work the SAME everywhere no matter what brokerage. But we know that that is not always the case with some of them.

I asked them if they think it can continue to work well on the DMA/Divisa feed, and this is what their support wrote to me:

There are no guarantees. And it may some day work better on our ECN. This is always dynamic and changing. But we suspect it will have a fair chance for you on the DMA feed if it is working well there now as the Divisa UK offering has grown very handsomely over the last year. Divisa UK recently received a hefty $100M private capital investment, and poured a large majority of it in to their liquidity relationships and infrastructure making it an incredibly strong offering now with a noticeable improvement. By connecting in with them on DMA, we now tap in to their 3 xCores (in London, NY, and Tokyo), and each of these has 25-30 local liquidity providers from tier one banks and other HFTs. Additionally each LP streams us multiple layers of depth. So it has turned in to a massive monstrous liquidity offering and one of the better ones around we feel.


I mean this doesn't really mean much to me. But it at least sounds good ;) No guarantees of course.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #32 on: November 16, 2017, 03:15:55 AM »
newstrading i actually do manually quite well, no ea needed.

but i still have custom tick scalpers i can try on a speedy feed. i gave up on those pretty much, found other much more profitable ways where any feed will do.

but a little fun on the side, why not :)

yeah i am getting more and more fired up about mt cook. already hunted for funds to get going, i think it wont take me much longer and i be rockin there.................

this signal thing sure was not good for my health.

but on mt cook i still can do signals, but i can trade as i like, no forum to attend to and explain my booboos and or getting attacked by the forum moderator for days on end.
 
you stating joe even hiring a actor the way it sounds to me, lol

no male actor for me, i be hiring a bikini babe to really get them going good ;)
« Last Edit: November 16, 2017, 03:41:17 AM by reinerh »

Offline jwatts7701

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Re: Experience with PAMM accounts?
« Reply #33 on: November 16, 2017, 05:05:04 AM »
hah. Now you are talkin! That reminds me of the old Currensee commercials with the hot girls in them: https://www.youtube.com/watch?v=gyuYBdGVQoU

I don't think it worked very well for them as they don't seem to be around anymore. Good marketing though.

Offline oportunis

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Re: Experience with PAMM accounts?
« Reply #34 on: November 16, 2017, 07:45:54 AM »
Opportunis is 4xcp the same thing as JoePro hedge strategy? Or are they different? The myfxbooks are for JoePro and so are the videos.

Im watching some of JoePro's videos and that guy looks just like a paid actor reading scrips LOL. He has a nice performance though I cannot argue with that and it is myfxbook verified even though it is across a few different versions.
Yes, JoePro is CTO there, the PAM has same strategy that Joe trades for over 2 years. I joined him in January with 2x risk this year and than moved to PAM, so I don't have to worry about slippage.

I like the system, it traded over all the chaos out there and the most profit it generated were big events like Brexit or GBP flash crash. Where most traders blow accounts this system excels. They don't care which direction market goes as long as it goes, because all trades have pending hedge orders. The most damage can be done if price stays in the range, but than we just wait it out until it breaks and sooner or later it happens as you know market never stays in same range. The leverage used is so small it's ridiculous. Most of the time it's 1:1, because he splits one trade into 5 parts. So if you have 10k he trades 0.02 lots x 5 at different prices and also pending hedges are adaptive, so you don't get in trouble if price stays in range for a long time, because it notices a range and just doesn't open them or opens them closer to entry so we get out faster, don't know how he does it, but this is proprietary secret so I don't care as long as we are safe and we get profit it is fine to me :) I will ask him to open a thread here, so he can explain in detail if someone will be interested.

Also he is not an hired actor, hehe :) This is his video journal, so people can see his progress over the years and who he is. I like that, because he is showing his face and not hiding behind some anonymous nick like most managers are doing.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #35 on: November 16, 2017, 10:46:24 AM »
hah. Now you are talkin! That reminds me of the old Currensee commercials with the hot girls in them: https://www.youtube.com/watch?v=gyuYBdGVQoU

I don't think it worked very well for them as they don't seem to be around anymore. Good marketing though.

lol, i was just kidding.

i hate those stinkin ea commercials like the devil, them showing yachts, ferraris and so on.

leading you on =  like if you buy our ea and 4 weeks later, you be driving one, yeah right.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #36 on: November 16, 2017, 01:00:26 PM »
Opportunis is 4xcp the same thing as JoePro hedge strategy? Or are they different? The myfxbooks are for JoePro and so are the videos.

Im watching some of JoePro's videos and that guy looks just like a paid actor reading scrips LOL. He has a nice performance though I cannot argue with that and it is myfxbook verified even though it is across a few different versions.
Yes, JoePro is CTO there, the PAM has same strategy that Joe trades for over 2 years. I joined him in January with 2x risk this year and than moved to PAM, so I don't have to worry about slippage.

I like the system, it traded over all the chaos out there and the most profit it generated were big events like Brexit or GBP flash crash. Where most traders blow accounts this system excels. They don't care which direction market goes as long as it goes, because all trades have pending hedge orders. The most damage can be done if price stays in the range, but than we just wait it out until it breaks and sooner or later it happens as you know market never stays in same range. The leverage used is so small it's ridiculous. Most of the time it's 1:1, because he splits one trade into 5 parts. So if you have 10k he trades 0.02 lots x 5 at different prices and also pending hedges are adaptive, so you don't get in trouble if price stays in range for a long time, because it notices a range and just doesn't open them or opens them closer to entry so we get out faster, don't know how he does it, but this is proprietary secret so I don't care as long as we are safe and we get profit it is fine to me :) I will ask him to open a thread here, so he can explain in detail if someone will be interested.

Also he is not an hired actor, hehe :) This is his video journal, so people can see his progress over the years and who he is. I like that, because he is showing his face and not hiding behind some anonymous nick like most managers are doing.

thats quite interesting. sounds a bit like grid to me, but if it made it through the g crash without damage then thats quite remarkable.

i have not looked at joes accounts.

what really matters is what are his monthly gains to dd endured ???

Offline oportunis

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Re: Experience with PAMM accounts?
« Reply #37 on: November 16, 2017, 01:41:51 PM »
Most of the time it makes about 2% a month with DD under 1%. All trades are placed with trend, but if the trade goes against us than hedge trades are opened, so DD can get bigger if it stays in a range, but once it breaks out of range and starts trending we end up in profit. So hedge trades are like sort of SL, that is why I like this, because instead of closing at a loss we hedge and get out in few days/weeks.

Longest DD was about 2 month long and it was this summer. A lot of people got frustrated, but we just had to ride it out. He also got "bashed" on other forum and decided to close at loss for signals, while PAM ended OK, because nobody was nagging him there. That is why I also told you that being active on forum is entirely different story.

If you will look at his myfxbook it's a little tricky to explain, because mt4 platform always shows loss first and profit second. So this is sent to myfxbook and it shows DD which is not real. For example when GBP flash crash happened it showed DD of 40%, it was corrected later because this was not true. He had one side of trades at -40% while other hedged trades were in +50% and he ended in profit of 10% on that day, but since losing trades are showing first in mt4 the DD on myfxbook was showing at 40%, this was corrected later. So the DD you see on myfxbook is not entirely true due to that reason. But he has a hard stop at 30% and starts pulling trades apart if we go near 10%, which means that reaching 30% DD is hard I would even say almost impossible.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #38 on: November 16, 2017, 02:04:23 PM »
Most of the time it makes about 2% a month with DD under 1%. All trades are placed with trend, but if the trade goes against us than hedge trades are opened, so DD can get bigger if it stays in a range, but once it breaks out of range and starts trending we end up in profit. So hedge trades are like sort of SL, that is why I like this, because instead of closing at a loss we hedge and get out in few days/weeks.

Longest DD was about 2 month long and it was this summer. A lot of people got frustrated, but we just had to ride it out. He also got "bashed" on other forum and decided to close at loss for signals, while PAM ended OK, because nobody was nagging him there. That is why I also told you that being active on forum is entirely different story.

If you will look at his myfxbook it's a little tricky to explain, because mt4 platform always shows loss first and profit second. So this is sent to myfxbook and it shows DD which is not real. For example when GBP flash crash happened it showed DD of 40%, it was corrected later because this was not true. He had one side of trades at -40% while other hedged trades were in +50% and he ended in profit of 10% on that day, but since losing trades are showing first in mt4 the DD on myfxbook was showing at 40%, this was corrected later. So the DD you see on myfxbook is not entirely true due to that reason. But he has a hard stop at 30% and starts pulling trades apart if we go near 10%, which means that reaching 30% DD is hard I would even say almost impossible.

if he really averages monthly gains of 2% with a dd of only 1% then he got me beat hands down, my best to date is about 1.6% to 1% there abouts.

now you got me interested, this guy deserves my attention.

will look up his account today and will check it out.

one account i have launched will be utmost interesting, it will target 10% fixed a month, i am shooting for no dd periods whatsoever, yes no dd periods. meaning every month 10% gains fixed like clockwork.

this is very tough to achieve and it yet remains to be seen if i can do that, 5% i definitely can do, that much i already know much. 10% is a lot harder achieving fixed, meaning month after month having no dd periods.
« Last Edit: November 16, 2017, 02:32:32 PM by reinerh »

Offline oportunis

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Re: Experience with PAMM accounts?
« Reply #39 on: November 16, 2017, 02:33:08 PM »
No, no it won't show 2 to 1, because he does enter in DD periods. This is normal, nobody can be perfect and win all the time. He can go also to 5% or 7% even 10% sometime if we are in a tight range like this summer/autumn. Most traders ended with loses while we just had to wait for breakout, so it was frustrating and boring as hell. Market not moving really pissed me off :D But the main point is even if we go into DD we will win the whole basket trade eventually given time and when volatility picks up. If he would raise risk he would make more profit, but he doesn't like that so luckily Mt. Cook PAM offers risk multiplier.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #40 on: November 16, 2017, 03:59:44 PM »
No, no it won't show 2 to 1, because he does enter in DD periods. This is normal, nobody can be perfect and win all the time. He can go also to 5% or 7% even 10% sometime if we are in a tight range like this summer/autumn. XXXXXXXXXXXXXXXXXXXXX

oportunis,

i am also not always right with my system, i do make bad entries as well. just this week we had a sl.

but i took the hit at the moment i had to. no hedging or any other averaging method used, because i do know they increase the dd sharply at one point when mr market decides to go out of whack in one direction only. this does not happen often, but it does.

its all about the pain endured along the way to achieve whatever profits. here is what i posted in my last weeks update :

for the evaluation of any traders potential, meaning providing profitable results, or analysing a signal to subscribe to, as well as evaluating whatever pamm, or investmend fund, or ea (robot), one simply has to look primarely only at one single set of numbers,

yes thats all whats needed.

monthly gains achieved in % , and the dd in % = (pain endured along the way)  to get there.

please look again at my update page 11 in my thread, and read it again over and over and over.............

so i looked at joes system. first i want to say he is profitable long term which is very good, whats coming below please do not see this as me me bashing him, he is profitable after all and deserves respect for that.

the longest account i could find is this one,

https://www.myfxbook.com/members/JoePro/csc-gbe-account/1876425

it gained 2.75% a month on average. with a dd 15.72%

so yes one could possibly increase lot multiplier to lets say 2. that would result in gains of 5.5% a month with a dd of 31.44%

so his results are clearly not the 2 gains to 1 dd you stated, but in fact 1 gained to 5,71 dd

15.72 divided by 2.75 = 5.71     or same result with 31.44 divided by 5,5 = 5.71

 i can make easy above 1 to 1, with 1.6 my best so far.
 
or differently put 10% dd to 10% gains that be 1 to 1.

and btw, i am not some harvard educated dude or some wizzbang nasa rocket scientist either. its all from hard knox working insanely long hours in close to 20 years of trading, about 10 in fx.

so please poke holes in the above, all critism highly welcome............................

my accounts so far nobody believes me, and i mean nobody not even nick, which is fine.
 
my strategy was just born this summer, and it will take time to show its potential on its longer running virgin accounts. these have been started already.
 
yes, my stated goals are quite high but by next year this time everybody will see how it has developed.
« Last Edit: November 16, 2017, 04:08:33 PM by reinerh »

Offline CanadianPsycho

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Re: Experience with PAMM accounts?
« Reply #41 on: November 16, 2017, 04:08:57 PM »
Plenty of people believe that you're capable of a great deal of profitable trading. You simply choose (unfortunately) to focus on those who don't.

Offline oportunis

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Re: Experience with PAMM accounts?
« Reply #42 on: November 16, 2017, 04:18:06 PM »
Yes your accounts are great, that is why everybody want's to join.

Regarding PAM or Joe's system the DD you are saying is when GBP flash crash happened, this is what I said is the DD period. Usually he gets in and out more often at 2:1 ratio as I said, so this is what I was considering average. While when he gets into DD the system doesn't close at loss and gives back profits to market but instead hedges and waits till trend starts again either to the up or to the down side. It doesn't matter as long as it goes and that is the difference. This system works over 2 years, you can see he traded at Pepperstone, but than he switched to GBE. So you need to combine those 2 accounts. He opened real account in July 2015 and closed in May 2016 and next month in June he opened at GBE where he still trades.

To me the most important is that all trades are precisely calculated and protected against all markets. So in case of unexpected event like black swan event on CHF in 2015 or GBP in 2016 etc. don't blow my account.

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #43 on: November 16, 2017, 04:19:53 PM »
Plenty of people believe that you're capable of a great deal of profitable trading. You simply choose (unfortunately) to focus on those who don't.

it was my intention from the get go to become simpletraders best provider they ever had in due time.

they chased me away. i had no choice, my health goes above everything, period....................

Offline reinerh

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Re: Experience with PAMM accounts?
« Reply #44 on: November 16, 2017, 04:27:46 PM »
 markets. So in case of unexpected event like black swan event on CHF in 2015 or GBP in 2016 etc. don't blow my account.
[/quote]

yes that is correct, i also think it simply cant blow, but that comes at the price of accepting small profits.

unless going higher on the multiplier and then it could blow = when a subscriber does not respect the traders recommendations.

thats why i tried to make my signal description as clear as i possibly could make it and i still failed.
« Last Edit: November 16, 2017, 04:43:31 PM by reinerh »

 

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