Anyone making money as an investor in a PAMM account? | Forex Factory

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Anyone making money as an investor in a PAMM account?

  • #1
  • First Post: Nov 17, 2013 7:48am Nov 17, 2013 7:48am
Can you please share your experiences with using PAMM accounts as an investor?

Is there anyone consistently making money this way? :-)

Which broker do you use?

What criteria do you use to choose the traders (managers of the PAMM account)?

Any specific risks or about this concept? (beyond the obvious one of a manager losing money, but things like tax, slippage, legal).

Thanks a lot.
Michal9
  • #2
  • Nov 29, 2013 3:54pm Nov 29, 2013 3:54pm
Noone willing to comment? :-(

Here is my research outcome so far.

In terms of brokers, the options I found are: zulutrade, collective2, alpari-forex.com.

In terms of criteria for choosing traders / signals prividers, I would look at this:
- choose only traders only trading live, and their own monet, and with followers
- history at least a year
- max drawdown 30-40%
- percent winners 50-90% (I don't want above 90, it means they do not use stops, it means avg loss will be larger than avg profit. I dont want below 50, even though profitable trend followers may have even less, but I dont want losing streaks - which is a consequece of smaller win ratio)
- choose only the ones who use stops (no big drawdown open trades in history)
- start very slowly and move to the next step only after 1-3 month of profitable run: 1. demo, 2. one micro lot per trade, 3. gradually increase.
- using a defined described system that makes sense and has a chance of long term profitability (not martingale, not grid)
- having an average profit per trade at least 10 or more pips (no scalping, due to slippage and transaction costs)
- having at least 1:1 ratio of average winning trade vs. average losing trade (no traders with small profits and big losses)
- put additional stop loss, in the system, to close all traders positions and remove trader if a given drawdown happens (bigger than in history)



In terms of risks, there is slippage (should be none with PAMM though), broker counterparty risk, trader going crazy risk , and tax difficulties.

Anyway, I am putting the PAMM research on hold at this time. I still have a demo running on alpari, will check back after a while.

If someone can share some more info, I appreciate.
Thanks for reading and I hope some people found this information helpful.
Michal9
  • #3
  • Nov 30, 2013 1:34am Nov 30, 2013 1:34am
For a long life trading performance check : perfectofx.com
Manage probability while following the TREND.
  • #4
  • Dec 4, 2013 3:12pm Dec 4, 2013 3:12pm
Quoting mmaker
{quote} How would you rate this below trader? Is it good for your investment? http://www.myfxbook.com/members/Ambu...-trader/731135
This ambush trader is really cool.
  • #5
  • Dec 4, 2013 3:15pm Dec 4, 2013 3:15pm
Quoting mmaker
{quote} How would you rate this below trader? Is it good for your investment? http://www.myfxbook.com/members/Ambu...-trader/731135
This account is just 6 moth old! I would keep away from this. Look for acc older than 12 moths.
  • #6
  • Dec 4, 2013 3:16pm Dec 4, 2013 3:16pm
The results posted in the link you shared look very impressive. Drawdown less than 6%, average winner two times larger than average loser, overall returns impressive. Month by month performance varies a lot... but I guess this is normal, as each sys works better is some market conditions, anyway each month was profitable, which is great. I wish there was a bit more history, but.

Would I invest using this system? I do not know. This depends on how this would be supposed to work. I am a cautions beginner when it comes to PAMM, amnd have a dose of scepticism, too. So, if I was to proceed with this, I'd start with demo (if possible.... when I looked up the website, they just sell signals, it seems), then, if there was a broker that I find trustworthy that offers it through PAMM, I might consider starting with a very small live account and trasinf microlots for a while. Only then gradually increse the size. If, on the other hand, it was a paid signal copying service to my account... I'm concerned with technical risks (e.g. VPS down, connection errors) as well as slippage... I guess at this time I am not looking at investing a lot of time to research this. However , this is on my list of things to look at.

Thanks for bringing this up. What would be really intersting to learn the ambush system itself, too ;-) I wonder if this is based on Joe Ross's ambush trading method or something different.
Michal9
  • #7
  • Edited Dec 5, 2013 1:29pm Dec 4, 2013 10:02pm | Edited Dec 5, 2013 1:29pm
Quoting mmaker
{quote} How would you rate this below trader? Is it good for your investment? http://www.myfxbook.com/members/Ambu...-trader/731135
A few others I'm considering to invest with myself, while actively following their posts in various forums:
http://www.myfxbook.com/members/Nick...dingorg/749090
http://www.myfxbook.com/members/gold...uprates/569536
http://www.myfxbook.com/members/Trus...agement/745669
http://www.myfxbook.com/members/Fore...er-long/601387
http://www.myfxbook.com/members/fxtu...tturtle/755115
http://www.myfxbook.com/members/Ambu...-trader/731135
http://www.myfxbook.com/members/FXIn...ty-fund/699919

I avoid those which don't use stop loss, such as the example below:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 72 KB
No longer trading forex. Looking for full time job.
  • #8
  • Dec 5, 2013 1:31am Dec 5, 2013 1:31am
I think you can google for popular PAMM brokers and get their top fund managers to invest. Like this:
http://v2pamm.hotforex.com/
  • #9
  • Jan 22, 2014 4:12pm Jan 22, 2014 4:12pm
Quoting undergroundz
I think you can google for popular PAMM brokers and get their top fund managers to invest. Like this: http://v2pamm.hotforex.com/
they are all less than 1/2 year old !
  • #10
  • Jan 23, 2014 1:27am Jan 23, 2014 1:27am
That's because hotforex just launched PAMM V2 few months ago, you can try the PAMM V1. I think there are some older than 1 year.
http://pamm.hotforex.com/
  • #11
  • Dec 20, 2014 4:21pm Dec 20, 2014 4:21pm
Quoting mmaker
{quote} A few others I'm considering to invest with myself, while actively following their posts in various forums
It's pretty amazing how 1 year later, they have all been deleted except 1 that shows a -100% (like the others if they were still visible, I assume) !
  • #12
  • Dec 21, 2014 4:11am Dec 21, 2014 4:11am
Quoting mmaker
{quote} A few others I'm considering to invest with myself, while actively following their posts in various forums: http://www.myfxbook.com/members/Nick...dingorg/749090 http://www.myfxbook.com/members/gold...uprates/569536 http://www.myfxbook.com/members/Trus...agement/745669 http://www.myfxbook.com/members/Fore...er-long/601387 http://www.myfxbook.com/members/fxtu...tturtle/755115 http://www.myfxbook.com/members/Ambu...-trader/731135...
I'm guessing that account is of this guy:
Inserted Video
  • #13
  • Dec 21, 2014 4:57am Dec 21, 2014 4:57am
Quoting michal9
Noone willing to comment? :-( Here is my research outcome so far. In terms of brokers, the options I found are: zulutrade, collective2, alpari-forex.com. In terms of criteria for choosing traders / signals prividers, I would look at this: - choose only traders only trading live, and their own monet, and with followers - history at least a year - max drawdown 30-40% - percent winners 50-90% (I don't want above 90, it means they do not use stops, it means avg loss will be larger than avg profit. I dont want below 50, even though profitable trend followers...
Was a time when I was looking also for someone to invest with (PAMM account) but finally after reading a lot on the internet about PAMM account investors, I decided to leave it aside.I read your per-requisites above, and I would advice you NOT to take an account that has 30-40% drawdown. It is very easy with such a big drawdown to go south with just a few bad trades (2-3).You should look for something with a maximum 10% drawdown and I'm being generous. Anything else will take you down sooner or later. If it's later, maybe you could save some money along the way but if it's the first month what then?
  • #14
  • Dec 3, 2015 12:31am Dec 3, 2015 12:31am
Hi Guys,

Does anyone know of a PAMM account that allows you to see the equity curve as well as balance? I'm looking for something similar to how myfxbook displays the trading results but with PAMM capabilities.
It's really scary looking at the top rated PAMM managers with a %1000 percent return and yet they have hundreds of open positions and essentially their accounts are in a loss overall!
This is criminal...
  • #15
  • Feb 7, 2016 9:17pm Feb 7, 2016 9:17pm
Quoting cedsobey
Hi Guys, Does anyone know of a PAMM account that allows you to see the equity curve as well as balance? I'm looking for something similar to how myfxbook displays the trading results but with PAMM capabilities. It's really scary looking at the top rated PAMM managers with a %1000 percent return and yet they have hundreds of open positions and essentially their accounts are in a loss overall! This is criminal...
This is how they allllll do it.

I couldn't agree more that CRIMINAL is the word.
  • #16
  • Feb 7, 2016 9:28pm Feb 7, 2016 9:28pm
27 months and you only have a total of 17 posts, including mine, that should tell you a lot. That should tell you enough. Hello, McFly.
  • #17
  • Feb 8, 2016 2:43am Feb 8, 2016 2:43am
Recommend , Go for Hot Forex PAMM Greenzone01 , Very happy with it ,
  • #18
  • Feb 18, 2016 5:48pm Feb 18, 2016 5:48pm
Quoting terminator12
Recommend , Go for Hot Forex PAMM Greenzone01 , Very happy with it ,

How can you be happy with that one? Really hope that no one is taking you serious !

 

  1. $2123073.58 in balance
  2. -1760775.07 in floating loss

  • #19
  • Feb 19, 2016 6:48am Feb 19, 2016 6:48am
Quoting dwmanfx
{quote} I read your per-requisites above, and I would advice you NOT to take an account that has 30-40% drawdown. It is very easy with such a big drawdown to go south with just a few bad trades (2-3).You should look for something with a maximum 10% drawdown and I'm being generous. Anything else will take you down sooner or later. If it's later, maybe you could save some money along the way but if it's the first month what then?
Greetings to all visitors!
I wouldn't be so sharp about that. It depends on profit expectation.There is a direct dependency between risks and profits. Yes it's more safety to invest in a PAMM account with a small drawdown - maximum 10% as dwmanfx said, but don't expect you would get much profit from that. I don't want to admit it's wrong strategy. Just this situation is not one way decision. So less risks - less profit. It's investor's choice.
  • #20
  • Mar 5, 2016 9:10pm Mar 5, 2016 9:10pm
After some big experiments, I finally decided to invest in some PAMM accounts, and found this to be worth it , with low Drawdown..
https://www.instaforex.com/forex_mon...5#/investments .

Is still looking for better ones too
https://freshnews.top
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