you still take real risk, only someone else is clicking buttons. In my experience with hfm you must check max drawdown, withdrawal history, and how manager trades during bad months before you trust them
I learned on EURUSD during London hours, first on demo for months, then tiny live, and only one playbook. I avoided GBPJPY early because the volatility masked my mistakes, and consistency improved once I stopped hopping pairs
Trading the same window consistently really helps. Session behavior changes the edge a lot with spreads and volatility around opens and overlaps, which window fits your plan
Agree that consistency is painful at first. What changed my results on hfm was one year of boring reps on a demo then small live with a journal and weekly reviews, and I still learn more from my losers than winners
I also cannot watch the phone all day and it makes bad decisions. After few years I use set and forget on H4 with ATR stop and I check only at key hours, so I do not babysit trades. Live managing I do only on big news days because otherwise I overtrade
When both setups show edge I split risk and size half on each or stand aside if correlations spike. You can also make a meta rule like “trade the first signal only and skip the second” to keep discipline
From my allocator side I do not touch HFM PAMMs that show over 20 percent max DD or a smooth curve that looks unreal, and I want at least 12 months live history
Set and forget works best for me on H4 D1 with ATR based stops because it removes my urge to babysit. I still live manage only on red news days and that cut a lot of emotional errors
Treat fundamentals like a schedule, not a signal - I reduce size or skip around red-folder releases, then journal the decision. Backtests with hfm say my edge survives best when I avoid the first minutes after major prints
returns being “almost too smooth”—that’s a red flag I’ve learned to respect. For a PAMM at HFM, I personally treat ~10–20% max drawdown as already aggressive
Well, the biggest shift for me on hfm was fixing risk to 1R, pre-writing exits, and journaling every trade - edge shows up only when execution gets boring and consistent
PAMM is basically ‘you allocate capital, a manager trades, P/L is split by allocation.’ If someone’s considering it, I’d treat it like due diligence: verify track record and max drawdown
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