How To Track a Trader

[trendme]

I want to Track a few Pamm traders and I would like to know when their trade positions are opened and closed.

Can we as investors seeking out PAMM traders, get trade alerts to our Email?

Or is there another way to track Pamm Traders? Or organize our own watch List?

Thank You

[hercuok]

I think the most efficient way is thrue myfxbook.com . Tis website support instaforex and you can see everything regarding the pamm acount, the trading history everything, because myfxbook geting the data every 5 min directly from instaforex server. In which case all investors can have clear view how trader is preforming plus some good analisys.

[Addamz]

I think the most efficient way is thrue myfxbook.com . Tis website support instaforex and you can see everything regarding the pamm acount, the trading history everything, because myfxbook geting the data every 5 min directly from instaforex server. In which case all investors can have clear view how trader is preforming plus some good analisys.

O_o Are you sure the data came directly from Server?
As far as i know, stat site like that (just like mt4stats.com and mt4live.com) are getting the data from Client's MT4 Terminal, so if you turn off the terminal the data won't be updated even when there are closed orders which was floating at the time the terminal turned off.

[hercuok]

O_o Are you sure the data came directly from Server?
As far as i know, stat site like that (just like mt4stats.com and mt4live.com) are getting the data from Client's MT4 Terminal, so if you turn off the terminal the data won't be updated even when there are closed orders which was floating at the time the terminal turned off.

well the website say exactly when the data was last updated , so this way if ttrader sapously trading them data must come every 5 min. If website show last update let's say way time ago, means trader is not trading or hiding by using diferent com with diferent terminal in which case he would be not trust worthy

[index1php]

5 mins. refresh period is only the default value.
Publisher can change it anytime he wants, between 5 mins. and (upto) 1440 mins.

so you cannot really know and make assumption...

[hercuok]

Yes guys true in deed I guess my thoughts were from the point that trader actualy not screwing around lol I guess that is too much to ask these days

[Addamz]

I think the most efficient way is thrue myfxbook.com

That post is partially copy-pasted from hercuok post at the top
You think you're getting smarter by copy pasting partially? you even copy paste the typo (thrue)

[trendme]

I think the most efficient way is thrue myfxbook.com . Tis website support instaforex and you can see everything regarding the pamm acount, the trading history everything, because myfxbook geting the data every 5 min directly from instaforex server. In which case all investors can have clear view how trader is preforming plus some good analisys.

you can't even trust myfxbook unless
1. The Broker Is Shown publicly- Look up arbitrage trading. And you will understand why The Broker is so important to verify TRUE results
2. Track record must be verified and Yes updates atleast once a day

3. The trader has verified Privileges.

Now, the trading history is important too, But some or most will hide this from you. I in fact hide my trading activity too, However, if you go to the summary you can still see the number of trades for EACH PAIR and how many pips they gained LONG and SHORT positions.

but back to the MAIN topic.

How can we Monitor Good traders( OR find) through the use on PAMM monitoring offered by Insta???

[Tarek]

you can't even trust myfxbook unless
1. The Broker Is Shown publicly- Look up arbitrage trading. And you will understand why The Broker is so important to verify TRUE results
2. Track record must be verified and Yes updates atleast once a day

3. The trader has verified Privileges.

Now, the trading history is important too, But some or most will hide this from you. I in fact hide my trading activity too, However, if you go to the summary you can still see the number of trades for EACH PAIR and how many pips they gained LONG and SHORT positions.

but back to the MAIN topic.

How can we Monitor Good traders( OR find) through the use on PAMM monitoring offered by Insta???

You are completely correct. As if you give a look there, you will find that my trading system Shark is in 10 th place in myfxbook and I have verified everything. But it is not enough tested now to come even in first 50.

The problem is stats can be manipulated. Its easy to a people who is good in math and stats. So, you need to check the daily performance first and also need to learn about the strategy.

Like, about my strategy, if you don't know how I use it, one day you will find it very profitable and next day the worst. So, you need to consider that also.

But first start the checking with simple rating as still now its the best standard to measure a pamm trader and then start monitoring some selected traders.

[Rockdrop]

@ Thread Starter

I think I know why you want to "follow" these certain traders. You want to save time doing your homework and copy someone else's analysis, entry points, positions and earn profits.

It's not a very fulfilling.