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Thanks for the tip, I'm gonna ask FxOpen (I'm already checked with Alpari Russia) to open PAMM accounts or the client can take the normal process of sign up an account with LPOA contract (Limited Power Of Attorney) authorizing me to manage trades and transfer me the commission on a monthly basis.
I don't wanna get some like an IB (get commissions on the trades made), because mostly IB managers try to overtrade the account ("churning practice") and I don't wanna do that thing, I prefer long term and happy clients.
Thanks that would be great as i would like to try out your system on nano lots with FXopen before trying it with micro lots. PAMM will make it much easier.
Quote:
PAMM accounts are more difficult to me at this time, because I'll need to open a PAMM account with each broker, limiting the client's broker choice (although I know there are a little few brokers with Metatrader and micro or nanolots)
Regards,
Marcel
I think PAMM should make it easier for you since instead of having multiple clients' MT4s open for each broker, you would only have 1 Mutliterminal per p broker(or whatever its called, never managed accounts before). Only hassle would be for you to open up pamm, but it is one time deal per broker i think. Just my thoughts, not sure if im right.
I already asked to FxOpen for PAMM accounts, they e-mailed me saying:
"Hello,
PAMM accounts will be available soon and information about them will be posted at our website.
--
Best regards,
FXOpen mailto:finance@fxopen.com"
They didn't answered me about LPOA contracts.
You can check it out by yourself with them.
Meanwhile, we can start with the nano account. Remember the minimum balance for a managed account with that broker is US$200; although the demo started with 100 bucks (for research reasons).
FxOpen neither deal with managed accounts (don't bring LPOA contracts for managers). With this broker, we'll handle as described in the first post.
Alpari Russia minimum balance for PAMM accounts is US$3.000, but they only access to mini accounts, working with minilots. Remember that to work with mini, minimum balance for my strategy is US$20.000. For balances less than 20.000, we'll handle commissions as described in the first post.
HI.
I'm posting the screenshots of the other accounts.
Note that for demo 2, I'm changing pair EURJPY for EURUSD, to evaluate my strategy in medium risk. That change implies a lower profit from now, in addition it had this week some losses, but still positive this month.
Resuming profits this month:
Managed Account 1: 10.28% (now with $2101)
Demo 1: 9.2% (now with $56004)
Demo 2: 2.1% (now with 10894)
Demo 3: 5.4% (now with $856)
Nanolots: 8.66% (now with 12275)
Managed Account 1: 14.1% (+$268.66, now with $2174.60) - Monthly expected 28.2%
Demo 1: 12.9% (+$6624, now with $57912) - Monthly expected 25.8%
Demo 2: 3.3% (+355.31, now with 11026.31) - Monthly expected 6.6% (lowered because last week took some losses, which are already recovered-see graph)
Demo 3: 6.1% (+$49.66, now with $861.66) - Monthly expected 12.2%
Nanolots: 13% (+$1465.34, now with $12762.34 (account in Cents)) - Monthly expected 26%.
Hi,
I have a new demo with InstaTrader, I'm gonna test this broker. If any one has experience with this broker, let me know. The last chart is the Instatrader's one.
Here are the screens of all accounts, less the Managed one because the statement is almost the same.
Hi.
As I promised, I'm posting the results for August, for all accounts.
First the screenshots of the statements:
In this order:
Demo 1 - Alpari UK
Demo 2 - Alpari UK
Demo 3 - Alpari UK
Nanolots - FxOpen
Nanolots 2 - InstaForex
In next post I'll publish the real managed account and statistcs for all accounts.
, but still positive this month.
Linear Mode
