Declaration of the PAMM account ParvaShah:459675

Investment declaration describes Manager's promise to investors. The Declaration has no legal force, but it clearly affects the reputation of the manager.

PAMM account info
Manager ParvaShah
Acc. type ECN
Manager's capital $500
Min. deposit disallowed
Opening date Feb 5, 2020
Publication date Feb 5, 2020
Max. leverage 1:500

Trading Strategy

Hello Dear traders and investors, I’d like to introduce our low-risk SunProfit strategy here. Hope this could help you know more about us and understand our trading strategy. SunProfit system will make the best trading decision daily, to minimize the risk of trading because we also take care of our own money. I have to announce that our system is safely designed because in our opinion, it is always more important to maintain the initial capital. How our low-risk strategy works... 1. This is the most appropriate system with maximum diversification. 2. Trade does not use methods such as: Martingale, grid, hedging or scalping. 3. We identify more than 100 trading opportunities per day on different currencies. 4. Trading in the market direction and trends. 5. All positions have specific stop loss and take profit. 6. Be careful about the maximum drawdown also account profit. 7. Maximum diversification and risk management in this trading system.... 8. Diversification of trading on over 20 currency pairs at the same time: 9. Trading on more than 20 currency pairs at the same time with the right and principles lot size, In fact, we trade in a basket of currencies to form a portfolio, an interesting way to more diversification and better risk management. 10. More than 10 positions per day on all currency pairs. 11. Real maximum drawdown always is under 20%. More drawdown appearing is momentary. Be careful in SunProfit strategy, when our account balance is reduced, our account equity is increasing equally. However we will always consider potential risks ahead of returns. We’d like to achieve a consistent and steady growth with a low drawdown. We aim to limit the drawback under 10% but market is unexpected, so we set the drawdown red line on 20%. 12. We aim to achieve an average 1%-1.5% growth each day and over 25% profit per months. Which gives an annual return around 300%-500% 13. Minimum deposit for copying from 500$, this balance is enough to trade on 18 pairs with 0.01 lot. If you expect higher returns and want to take a higher risk, you can increase the lot size to 0.02 lot for every 500$ balance, in this case your return will increase by 50% per month. Conclusion Hope the information above could help you understand our trading system. Any questions are welcomed and I’ll try to answer them. I’d like to appreciate our current and future investors. Let’s grow together. For further review : https://www.myfxbook.com/members/NiK_Trader

Link to this declaration

Money Management
Max. leverage 1:500 (60)
Martingale No
Hedging No
Goals
Max. Drawdown to 50% (61%)
Max. daily loss 50% (18%)
Declaration is Broken
Declaration date Feb 5, 2020
Declaration age 3,5 m.
Violation date May 12, 2020
Number of changes 1
Last change Mar 3, 2020
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