compuforexpamm's Posts - Page 9

Questions on PAMM accounts in Experienced Traders Jul 21, 2010 at 14:43

Hi Wallace,Nope, like you have done, get the info from the broker. Different brokers offer differing levels of PAMM from full service, including sourcing clients to nothing more than basic trade distribution. You will have to investigate each system to see if it fits your requirements.

Questions on PAMM accounts in Experienced Traders Jul 21, 2010 at 14:36

I am sorry, I would dispute that. They may not need your permission but they probably need the account to be flat ie no trades. The system cannot work otherwise. You cannot simply start removing equity if the system is in drawdown. The trades need to be resolved.

Questions on PAMM accounts in Experienced Traders Jul 21, 2010 at 14:20

Wallace,Its never quite as simple as that. You get two flavours of PAMM account. All work on the same line, with sub-account and a master account that you trade.The first kind is where the sub accounts are actually linked and when you make a trade, the server will distribute the trade size according to the capital in the account. This would be subject to minimum trade sizes and it is difficult to trade big account with small account, especially if the min trade size for a sub account is 0.1 lots.The second type is probably what you are looking for where the fund are actually transferred to the...

Your definition of a junk system!? in General Jun 26, 2010 at 13:00

Yeah, I take your point, but perhaps reread the title of the thread. The topic is not what is required before you place your money with some-one but how to tell if a system is junk or not.

Your definition of a junk system!? in General Jun 26, 2010 at 11:52

Lee J Brown,I have to say, I understand the desire to weed out the weak systems, however, not one of your definitions makes a system junk.I am very happy with my system and it has, regrettably, a drawdown of 11.2%......I expect this will hit 20% or even 30% one day. You may choose to disagree but I believe Elkart was right when he said this is a risk vs reward game.What do you define as trading without stoploss? Is it the absence of a server side stoploss? From an execution point of view there are better ways to exit a trade than with a hard SL on your broker's server.I personally don'...

Strategy Section Sanity Please in Suggestion Box Jun 26, 2010 at 11:01

Hi Steve,I agree with your sentiment, although I think a simpler way would be to provide a backtest with a drawdown of less than 10%. Some back tests are just running up huge numbers, but if the max drawdown is limited, then the risk levels will have to be adjusted downwards to more realistic levels by most participants.

FX Manager Listing Board in General Jun 19, 2010 at 02:23

bwizard,Appreciate a reference to the relevant NFA/CFTC documentation that states it is illegal to solicit clients via the internet. There is a world of difference between 'non-compliance' and illegal.All I can see is the NFA is a voluntary membership organisation. I think this is a just a storm in a tea cup, and the clients' only way out is full-on civil litigation. This appears to be a case of the guy has lost his money and now he is resorting to some form of legal extortion to recover his funds. I would say this is only a threat to a trader that is US based and is dealing with U...

Broker Reviews - Ratings should be editable in Suggestion Box Jun 17, 2010 at 07:51

Hi there,I have recently had cause to re-consider my opinion of MB Trading and I feel that the original score given to them is no longer valid.I think it would be nice if I could go and edit my original score.Many thanks

MB Trading in Brokers Jun 17, 2010 at 07:47

Update.Yesterday, I experienced yet another loss due to MB Trading's unreliable and downright dangerous MT4 product, this time caused by them neglecting to renew their MT4 software licence.I have enjoyed this broker for 9 months now and it has been profitable for me, but the time has come to accept the fact that trading with them carries too much risk and, accordingly, I have decided to scale down operations with them significantly.At least they are honest and admit their errors, but the phrase "We apologise for the inconvenience" is a poor substitute for my cash going out the wi...

FX Manager Listing Board in General Jun 16, 2010 at 04:02

ForexSeeker,I tend to agree with you......you may be breaking the law in some countries, but I believe these things are impossible to prosecute. By way of example, I don't trade your account......I am a technician. I hook up a robot to YOUR trading account(I say this by way of example.....I am no longer in the managed FX business).I also think that in many countries, the laws govern the receipt of funds ie you need to actually be given direct access to the funds. Since you are paying your money to a licenced broker, I think they would have a hard time proving anything. As to people that si...

Equity chart in Suggestion Box Jun 10, 2010 at 16:44

Where have you been for the last year? This topic pops up about once a week.

PinPoint Wizard EUR/CHF in Strategies Jun 08, 2010 at 05:01

pc8multifx,Perhaps some of us that know our way around a platform would like somewhere to discuss these things and compare notes. Steve is not taking anyone for a ride here and your insinuation is in poor taste.

PinPoint Wizard EUR/CHF in Strategies Jun 07, 2010 at 14:23

Steve,I can recommend MB Trading. Their spreads are pretty good, but I have come to learn that spreads are only part of the picture when it comes to the less liquid pairs. Brokers can show you really thin spreads but the proof lies in the execution of the trade. Your EA should log the spread and the slippage when it makes a trade and that is the only way you will be able to really get see whether the broker is good or not.When a broker contracts with a liquidity povider(s), they have to balance spread with liquidity in order to ensure execution. By way of example, they could show you a spread ...

The Old Tick Problem. in Experienced Traders Jun 04, 2010 at 16:10

http://forum.mql4.com/10869

A mobile phone friendly version of the dashboard in Suggestion Box Apr 21, 2010 at 17:22

Yes please.....great idea Steve. Plus the ability to log into your account.

Why people generally prefer to buy EA instead of managed account service? in Experienced Traders Apr 19, 2010 at 10:19

SIM,No one is going to shoot you, so relax dude.......you clearly have funds invested with a fund manager, so you know something about the topic and your input is welcome.I can't speak for other people but I find that I tend to be more conservative other people's money than with mine. I know and understand when I take a risk.......clients don't understand this risk and they don't thank you for it. I have been in the unfortunate position where I had to phone clients and tell them that 95% of their account was gone....blown! Its a long story and its was due to a serious defect in...

Why people generally prefer to buy EA instead of managed account service? in Experienced Traders Apr 19, 2010 at 07:33

SIM,Ironically, my first experience ever was with a managed fund, which turned out to be a massive ponzi scheme. $10 000 out the window, although court cases are pending and we are going to nail the bastards.Admittedly I have only myself to blame, but I did go based on the fact that one of my coleagues at work was one of the main traders. I guess scoundrels come in all forms and even your friends can run with your money.I have subsequently learnt that if the account is not done via a PAMM system, then stay away......the facilities exist, so there is no good reason not to use them.

Why people generally prefer to buy EA instead of managed account service? in Experienced Traders Apr 17, 2010 at 16:33

This would be a true statement, EXCEPT, you started your sentence with "On the other hand" which implies that EA traders do not understand anything or do not have to invest any sweat into it, which is absolute nonsense.I have spent 18 months learning about automated trading and the markets. I consider myself an infant at this stage because there is so much I do not know.....like where Metatrader gets its data from for backtesting and how it treats it. I spend far more time in front of my computer than most manual traders, in the pursuit of knowledge......and then you come along, Mr &...

Why people generally prefer to buy EA instead of managed account service? in Experienced Traders Apr 17, 2010 at 05:47

Everyone has the right to express their opinion, but by your own admission, you have zero experience with EA's, so what makes you feel your opnion carries any weight😕This is not directed at you personally, unfortunately, your comments are symtomatic of the naivety that permeates automated trading fueled by lack of knowledge and understanding of automation.I am pretty confident that manual trading strategies have the same dismal failure rate as many EA's but when a manual strategy fails, it is the trader who has failed, whereas if an EA fails, it is empirical, the EA has failed.

Myfxbook really needs to rank systems based on NAV not balance. in Experienced Traders Apr 15, 2010 at 13:21

Hi guys,Yup, mentioned time and time again 🙄Perhaps what you could do is to dedicate a column in the systems page, to what the current % equity to balance is.

EURUSD	1.03931	GBPUSD	1.25235	AUDUSD	0.62388
USDJPY	157.149	USDCAD	1.44051	USDCHF	0.89837

Posts by compuforexpamm