Wanted! PAMM Account Investors

G'day lads,

I am here to seek for willing investors in my PAMM Account. I am a swing/trend trader with more than 7 years of experience with the usual FX story of initially making losses but after several hard knocks I eventually came up with my own wining formula. Please take a look at my Trade Explorers to see how I trade, when the going is good I tend to hold a wining trade for days and watch my account grow, I don't believe in making large amounts of trades to make money hence you will find out that I make more of quality rather than quantity trades i.e. less is more. For now I trade explicitly XAUUSD and EURJPY pairs.

I operate a PAMM account with FXTM (ForexTime) which I just opened apart from my personal account and as such would appreciate adding more and more investors into my portfolio so we can all make money together. I have opted to use a PAMM account rather than manage money directly because of the peace of mind this guarantees my investors; you deposit your money directly with the broker so I have no direct access to your funds save my profit from trades executed. My agreed admin fees for now is 30% of profit at the end of each month, I would advise potential investors to invest for a minimum of 1 year so we can achieve better profit amounts since I risk 3% of available balance per trade. On average I expect to make between 15% - 30% of initial balance at the end of each month and the equivalent dollar amount of this percentage will keep increasing as I plan to compound my lots per increase in profitable trades.

Please PM me or reply to this thread if you are interested and if you are still not convinced enough to join then keep watching this space as I update you with live results via the Trade Explorer and the Thread replies.

PS: I have linked the PAMM account Trade Explorer to this thread while the one for the Demo account can be viewed attached to my signature.

I am a firm believer in putting my money where my mouth is so...so far this week I suffered a bit of drawdown (+/- 8%) but I am well prepared for up to 30% as long as I maintain the Lots:Balance ratio.

Presently I am on one of those trades you might consider the 'juice' of my trading method on the EURJPY where the market trends for days, total profits are now locked at 12% after 3 days. I trade only the XAUUSD and EURJPY pairs the combination of which I call 'Beauty and the Beast'. The reason for the names are not so far-fetched since XAUUSD consistently gives moderate profits (hence 'Beauty') while EURJPY though sometimes gives consecutive losses but once it hits it's stride on a single trade could give great profit percentage or even almost double the account balance (yes it did early last year...was on my demo though, hence 'Beast'). The combination of both pairs helps to keep the drawdown to a minimum and grow the account as well at a maximum.

I hope the trend continues next week so we can see a good 'buffer' in the account to trade with while also convincing those who are yet undecided about joining the party.

Hi, Ajantala

I have looked at the live trade explorer- it looks like it was started this month and the demo account started in Feb 2015. If this is true, there is not enough history for an investor. If you wish to prove legitimacy,

1)please provide third party records of your trading - should not be an issue if you have been trading for 7 years
2) or provide details of how long you have been trading this strategy and the matching records.

People are constantly being ripped off by wannabees, if you are the real deal , you will gain investors. Good Luck.

MT

Mytrader,

You are right on both counts and I am aware of the lack of data to support my claim. For the better part of the 7 years I have been trading I had mixed results but this strategy I presently trade has yielded great results since last year, I traded it on demo on an FXDD server which unfortunately I have been having problems linking with the Trade Explorer on FF. I would rather link an account with a Trade Explorer where the results are verifiable rather than copy and past statements that can be 'photoshoped'. Bearing these in mind I would appreciate if you could suggest how many months of live/demo results from now you think would be sufficient to convince a potential investor? I would propose something from 3 - 6 months? I wouldn't really mind waiting as long as I gain investors along the way.

Ajantala

What a breath of fresh air- some one willing to give an honest account of what they are doing.

I would suggest at least 6-12 months. However, there will always be people who will jump on board early. This said, as long as you honest with your trading, your return in some ways is not that relevant, it is the consistency and recovery from draw downs that is most important. Warren Buffet makes 20% per year but he done that for decades and has made his investors very wealthy.

MT

Ajantala

Some great trading by the way.....................

Thanks mate. I will keep your suggestion in mind, hopefully I should still be willing to trade other people's money if I maintain this consistency for 1 year.

So I am up by 16% after 15 days (thanks to the 'juice' trade) which is good news. Hopefully I should be able to achieve more than 15% (lower limit of my monthly target) this month. In line with the concept of thinking BIG, I have started trading on Zulutrade in order to spread more of my tentacles to willing investors. Now I don't have a preference between both platforms and it all boils down to a matter of personal choice for each willing investor but you can be assured that which ever platform you use your funds are safe. The advantage however of using Zulutrade is that you can connect without opening a new account with another forex broker if your present broker is presently registered as a Zulutrade broker.

Now back to business...I don't see a trade happening today on EURJPY but if the uptrend is strong enough I might enter a BUY on XAUUSD.

HI, AJ

I can't message you - contact me on [email protected]

MT

Okay mate. I just did that.

Hey AJ.

Can we see some live trades on this thread?

Best wishes, G.

I have attached the Trade Explorer linked to the PAMM account (Goldmeister PAMM) to the top of this thread for viewing. That is as live as it can get from me for now, remember I am now a 'Commercial Member' and as such only interested in selling a service rather than teaching or sharing. After I must have reached my financial goal then I would be willing to teach those who are interested.

Thanks AJ, no probs. Remember there are other teachers who post live trades, so the benchmark has been set. You are up against stiff competition for a traders hard earned dollar. All the best with it all anyway and good trading to you. G

Wow! What a week! It seems evident by now that the system works most times but not every time. Now that we are back at a loss of -3.3% having had a massive drawdown of 21.8% one might be tempted to say that the system doesn't work! But hold your horses now, remember I said that I was prepared for a drawdown of up to 30% mentally but in reality it is a hard thing to accept so should I swap my system for the previous one with a low drawdown? I was tempted to do that and actually did that towards the end of the week which luckily saved me from going lower on the drawdown. The reasonable thing to do at this point is to go lower on my risk level so I am now going to risk just 2% of my balance on every trade. The system is designed to catch a trend that would eventually wipe out all losses and put us back in the green. May the odds be in my favour next week.

Just try to remain consistent with your trading method and keep trading your edge.