Hi there,
I have written an automated Forex trading strategy which makes me 0.5% on my capital each day at a very low risk. I can turn it up to make more but presently due to a low capital I have issues with the leverage and margin. So 0.5% a day it is.
This has been back tested and live tested and presently is running successfully on my own account. I know that within the next 6 months to a year I’ll be able to fund it to a point where I can be making a living from it but I would like to get there sooner.
My strategy runs using JForex on Dukascopy. They have a PAMM account system which would be great if I had any investors who wanted to let me trade their money.
My big question is. How do I go about getting investors? Where do I start? I’m not looking to start a company. I only would like to use other peoples money to make money for both of us. I feel that once I am taking home xyz per month then I’ll be happy to keep things small with the very few investors that I’ll be working with.
As I understand, you don’t have enough capital to start PAMM account. If this is the main concern, I will advise looking into social trading platforms such as Zulutrade, which has one of the largest following on the internet. If your stratagy is good, you can open account with AAAfx (a sister company to Zulutrade) and start trading in micro lots. In addition, you can also trade with demo account without rising real money. Apart from Zulu, I am afraid, I dont like the model of other large social trading websites. Still, there are a couple of others like etoro. Another respectable social trading platform is collective2. Hope this helps. goodluck
Hi UMAF,
Thanks for your info but the reason for stating the PAMM account was to suggest the style of which I would like to trade other people’s monies. You see, with a PAMM account I dont have to manage their money. I would not be able to take/touch their money. The account will be theirs and all that will happen is that my trading is mirrored on their account because of given limited power of attorney to me. To explain PAMM account Percent Allocation Management Module (PAMM) :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform
I understand what you mean. Typically, I don’t see any real diference between PAMM and social trading beside the fact that you get a percentage of profits in PAMM whereas you get profits from spreads by initiating trades for followers in social trading. I recommended looking at Zulu becasue it provides alternate method of profiting that can match the power of PAMM accounts.
In your case, regarding PAMM, I will advise to build a performance history and then you can attract investors automatically. Otherwise, without a performance history, no marketing technique will help (e.g. attracting clients by SEO, using linkedin or others). Thanks.
Thanks for your info guys. My code is designed and built for consistency and it does this. I’ll have to do it the long by getting to my goals without any investors. No worries, I’ve answers to by initial questions.
Thanks again
Hi guys,
I’m not on zulutrade. Like I said earlier, I wrote my strategy using JForex api (Java) to work on Dukascopy platform. I would have to learn a new api and maybe a new programming language in order to import this to MT4 or zulutrade.
About my strategy…it targets the momentum of the three opening sessions of the markets, with a little touch of Martingale to ensure that one win is only needed each of the sessions, with each session win being a third of the total daily target. It works for me very well making me 0.5% each 24hrs presently.
I only wanted to find out possibilities for investments.
Thanks again for the info.
Yeah true zulutrade has an API bridge you can connect your trading (or EAs) with. to me it is quite complicated as it does requite a lot of coding so to say. Other than that, it should be quite easy.
Thanks EDDY MO. Remember that not everyone is going to be happy with you no matter how hard you try. Haters are always going to be haters. Keep up the good work in your assistance.
Cheers mate.
Hey there !! that’s the thing I am not trying harder at all. Just sharing my piece of thoughts with the public. I remember when I started with zulturade, almost 3 years ago, I was happy to read even one comment on zulutrade that would help me trading. I am trying to fill the gap of course!
What’s also good about them is you can search for a good signal provider. And as long as the numbers are good. You can stick with them as long as you want.
Have you tried both services before expressing an opinion?
Well I have, and mt4 signals are nowhere close to zulutrade profitability, sin zulutrade has much better tools for followers.
I believe it is server side solution. I believe it is also an ok place to find signals as mql5 removes signals which are losing or have not traded in a while. So what is left are generally ok signal providers. I say generally as you still get a few martingale type providers.
Guys, its a platform. Go open a demo account and see exactly it works. It has tons of way to connect to trading manually and i am sure mt4 is one of the ways… but you’d better see for yourself, since I am a follower not a manual trader
