Help setting up a PAMM

Hello all, I been reading this great forum for about two years now.

I have come to a place where I want to start things on my own, so I need the help of a good programmer to set up a PAMM.

First things first:

What is a PAMM and how does it work?
A Percent Asset Management Module ("PAMM") account allows the trading of multiple accounts as if they were one giving the trading system the ability to diversify across many different markets without being limited to the capital in any one individual account. The PAMM account keeps each client's account records individually as opposed to representing the capital as a pool. The gains and losses are distributed on a percentage basis, net of fees, related to their capital contribution. Each client receives the same percentage rate of return regardless of size of account. The PAMM account rolls over each market day at 17:00 New York time, distributing gains and losses on a percentage basis to all clients in the PAMM program. Any deposits or withdrawals from accounts are made at rollover time each day.


As you can see, this will be of great benefit for all of us.

How come? You wonder.

Let me explain:

We've all seen the same story happens over and over again:

Some trader has a Great system that shares with us >>> great system develops with the help of all the gang here >>>> Someone suggest's to make a pool to trade that system >>> system looses all your money/trader run away with your money.

So, instead of doing that, with the help of the PAMM you could have the trader trading YOUR account, and if you don't like some drawdown, you pull the plug.

So basicly I want to develop this PAMM so I or others can offer Maneged Account services without the risk/responsability of loosing the investor's money.

Does that make sense?

Sorry if you don't understand something, english is not my first lang.


So, anyone up for the task?

Thanks in advanced!

Couldn't you just put in a signal service with a transmitter account and a receiver account?

Hi Ronald, thank you for your reply, I admire you because you are a very gifted young men.

Could you please elaborate in how you can do that?

The main idea is that you could trade directly in the investror broker's account, what I've read about PAMM's is that it doesn't matter if you've got 1 or 100 acc, and also it doesn't matter if you have 1.000 or 1.000.000 it trades the same percentage in each account, that's why I think it's better than a automatic signal service.
I mean, you trade in your own acc. as always, and the PAMM takes care of the other's acc. trading the same percentage accordingly.
What I don't know is if you should ask for the broker to give you the code or something or It's something you could buy from them?


Does that makes sense?

Sorry for the late answer, it was a very hard week!

Have a nice day