pamm account
Dec 22, 2010 at 21:38
1,196 Views
3 Replies
Member Since Oct 07, 2010
1 posts
Dec 22, 2010 at 21:38
HI!
I have just one question.Wich kind of programm join pamm acconts, beacuse i have 3 diferent pamm accounts of diferent brokers, so i would like to connect/join them.can someone help me.
Regards,andy
I have just one question.Wich kind of programm join pamm acconts, beacuse i have 3 diferent pamm accounts of diferent brokers, so i would like to connect/join them.can someone help me.
Regards,andy
Member Since Dec 23, 2010
21 posts
Dec 23, 2010 at 14:56
I am with instaforex and there you can join as a partner (affiliates reward program), or a trader ( trades and makes money) or as an investor ( add funds to pamm system of traders you like).
The type you select when you enroll from within your trading account depends on what you are looking to do, trade, promote, invest.
You cannot join it if your account is in EUROS, or if your account is a CENT type account, or if your account was openned as a partner account (slightly different from the pamm partner as it makes 1cent per pip for every pip openned your your affiliats, rather than the pamm partner system which rewards you with percentage of the profit, set by the trader within their pamm system).
I hope this helps, one last thing, join one that has good profits, trades daily, low drawdown, been around for a while, doesn't trade BIG lot sizs to get out of trouble all the time (A bit like my account actually, haha).
I find far more excellent traders on here and am interested in joining their pamm programs as an investor, I also find the instaforex system a little to quirky, with folks on 1% profit who have not traded for a month having 3000 simple ranking, or accounts one cent left in it (due to stopout and total loss of account - hence massive negative percentage profits) having a similiarily high simple rank.
Nevertheless there are a few ok ones, but you have to trawl very carefully and go in lightly,slowly and get out faster on a double of your funds.
Of course there are also the SLoooow ones, who make consistent profits, but have $50,000s in them, not much point adding $50 to them is there?
Tom.
The type you select when you enroll from within your trading account depends on what you are looking to do, trade, promote, invest.
You cannot join it if your account is in EUROS, or if your account is a CENT type account, or if your account was openned as a partner account (slightly different from the pamm partner as it makes 1cent per pip for every pip openned your your affiliats, rather than the pamm partner system which rewards you with percentage of the profit, set by the trader within their pamm system).
I hope this helps, one last thing, join one that has good profits, trades daily, low drawdown, been around for a while, doesn't trade BIG lot sizs to get out of trouble all the time (A bit like my account actually, haha).
I find far more excellent traders on here and am interested in joining their pamm programs as an investor, I also find the instaforex system a little to quirky, with folks on 1% profit who have not traded for a month having 3000 simple ranking, or accounts one cent left in it (due to stopout and total loss of account - hence massive negative percentage profits) having a similiarily high simple rank.
Nevertheless there are a few ok ones, but you have to trawl very carefully and go in lightly,slowly and get out faster on a double of your funds.
Of course there are also the SLoooow ones, who make consistent profits, but have $50,000s in them, not much point adding $50 to them is there?
Tom.
Member Since Dec 23, 2010
21 posts
Dec 23, 2010 at 18:39
(edited Dec 23, 2010 at 18:43)
Well, it's getting better, they have done a lot of work on their external format, it is not as comprehensive as this site of course for stats, but it's getting easier and makes sense now.
For what it's worth (tuppence = $0.02 ;), here is my sillly account, which I am sad to say had a shacky start this week because of my own fault, switching my EAs on before funds had fully arrived, then playing about doing manual trading. The EAs do just fine on their own, I guess
https://instaforex.com/pamm_monitoring.php?x=PQA&user=5004384
It makes 2-5% per day if I just leave it alone, haha.
Tom.
PS. The account is nearly $3.00 (Or 3%) ahead of the figures there today, as I look now, it would have been much more if I had left it alone and without the EAs would not be up at all this week. (About 120 trades per day is normal and risk is very low per trade - I run 9 MT4s with from 6 to 24 EAs on each Metatrader - all self-built - I just keep getting ideals you know guys :-)
PPS. Anyone know how to convert them to MT5 format automatically ?
For what it's worth (tuppence = $0.02 ;), here is my sillly account, which I am sad to say had a shacky start this week because of my own fault, switching my EAs on before funds had fully arrived, then playing about doing manual trading. The EAs do just fine on their own, I guess
https://instaforex.com/pamm_monitoring.php?x=PQA&user=5004384
It makes 2-5% per day if I just leave it alone, haha.
Tom.
PS. The account is nearly $3.00 (Or 3%) ahead of the figures there today, as I look now, it would have been much more if I had left it alone and without the EAs would not be up at all this week. (About 120 trades per day is normal and risk is very low per trade - I run 9 MT4s with from 6 to 24 EAs on each Metatrader - all self-built - I just keep getting ideals you know guys :-)
PPS. Anyone know how to convert them to MT5 format automatically ?
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