26/11 14:42

FXOpen PAMM WanSF 425376: A Brief Performance Review

FXOpen is one of the regulated brokerages offering reliable PAMM trading (managed account) services in the Forex industry. Investors (termed as slaves) can easily find out successful masters (account managers) with the help of advanced analytics here.

In this post we are going to review the performance of “WanSF: 425376” (one of the masters at FXOpen) that we believe is the best as per various risk/reward standards and exposure even though the master holds 8th position in the FXOpen’s Top 10 Master’s list.

Low Drawdown

Drawdown is the maximum percentage of loss an account underwent since the very first day. In case of WanSF: 425376, the drawdown is 19.44% while total life of the account is 880 days which is a considerable time period.

Although the preceding account, in the top 10 list, possesses even lesser drawdown but its daily gain and Rate of Return (ROR) is not as impressive as WanSF: 425376’s.

Consistent Growth

WanSF: 425376 shows consistent growth in monthly return over the course of last 10 months as obvious from the following Monthly Analytics.

The gain for the last month was 164.51% which is impressive. The account has generated 1,544 pips (in total) so far while the expectancy ratio is 8.14 pips / 113 USD.

Trading Strategy

The statistics show that the investment manager follows smart money management rules along with the traditional price action strategies. We can clearly observe discipline in trading which consequently resulted into steady earning over a period of last three years.

On FXOpen’s forum, the trader (master) explained his trading strategy as follows:

My primary approach is to find the oversold or overbought currency pairs and then place the order for rebounding, and therefore, many currency pairs would be suited to my strategy. The target for each trade, which might consist of several positions, is 8 – 100 pips. Usually I will set a stop for up to a 200 pip loss. I do not use electronic trading, I manage my positions manually. If a position does not reach my target within 3 days I work with the stop-loss to exit. My goal is to earn 2% stably every month on average. I plan to limit my risk per trade to less than 30% of my balance.

Number of Investors

The master account (WanSF: 425376) has 58 slaves or investors so far which is a considerable figure and shows the level of confidence among the investment community. According to the advanced analytics provided by FXOpen, the total master capital is 5300 USD which is a medium sized investment.

Conclusion

After taking an in-depth look on the master account (WanSF: 425376) we found it be the best managed account at Fxopen due to low risk and reasonable return. It is however pertinent to mention here that FXOpen reviews are not aimed at attracting investment for specific PAMM traders. The purpose of such reviews is to educate the investment community about various aspects that need to be checked thoroughly before investing money with a particular master account.