What is Tortuga?

"There is no point in running, you have to start on time."
 

Tortuga is a fully autonomous forex trading Artificial Intelligence. The focus was on creating a neural network AI program that could fully analyze the market before intervening. Tortuga uses deep reinforcement learning and learns from our proprietary systems and continuously adapts its own code to stay ahead of the markets. It is a system based on advanced analyzes of the "order book", it is able to arbitrate between different liquidity providers as well as to trade several instruments in which the AI negotiates as long as the market is open. Tortuga is even able to take Over-The-Counter trades. This therefore means that we obtain better pricing than on the public market. This therefore translates into a position taken at a level that does not even appear in the right place in your Metatrader 4. You will see a position in profit or loss that has closed at places that the market has not even reached. . The trading environment offered by EliomFx allows Tortuga to take less risk while maintaining the same returns.
 

Tortuga trades multiple instruments while trying to keep the risk low. The AI takes small positions weekly and trades every opportunity it categorizes as optimal, resulting in a compound monthly gain of 4-8% year over year. The AI also trades all high impact news.

Tortuga makes discretionary decisions to not expose clients to multiple types of high-risk events.

Tortuga is offered to investors in the form of a PAMM.

 

But what is a PAMM account?

More and more individuals are interested in Forex. However, not everyone has the necessary skills to make their investments grow. Managed accounts make it possible to meet this growing need for diversification of savings capital. Some Forex brokers offer PAMM accounts in particular. Let's take a look at this type of account.

How a PAMM account works

The PAMM account is a solution offered by a large number of Forex brokers for fund managers and retail investors. PAMM stands for “percentage allocation money management”, or “percentage allocation management module” in French. This type of account refers to a management module allowing clients to allocate part of their account to the broker in charge of placing orders on the Forex market. The professional trader trades his personal money and that of his clients, who all receive a certain percentage of the broker's gains or losses. The broker's PAMM account is therefore a main account made up of the combination of various investor sub-accounts.

In practice, this gives the following operation: if the size of a sub-account is equivalent to 2% of the capital of the large account, the size of the trade will be 2 lots if the broker takes a trade of 200 lots on the EUR /USD. Gains or losses therefore correspond to the percentage of capital paid into the common fund.

Advantages and disadvantages of a PAMM account

This type of managed account offers many advantages for the investor and for the trader. The PAMM account allows the latter to easily manage the funds of all his clients, by carrying out his normal trades from his usual platform. The number of clients that can be integrated into a Broker PAMM account is unlimited. In addition, the PAMM software performs all the necessary calculations. When trading is a winner, everyone does well. The investor knows that the trader is placing his own funds. He therefore has every interest in investing well.
 

The main disadvantage of the PAMM account is the fact that all fund managers must be clients of the same trader. Using a single broker via a single platform is nevertheless also an advantage, as it limits latency problems and communication failures.
 

How to benefit from a PAMM account?

If you surf the web, you will notice that a large number of professional traders offer PAMM accounts. In order to guide investors in their choice, they generally display the precise list of client fund managers of their accounts. They also provide data on their performance, trading techniques and background.

During each integration within a PAMM account, the operator and the investor must sign a limited power of attorney document, also called LPOA. This document authorizes the broker to manage the client's capital according to the conditions set by both parties. The portfolio manager then monitors and controls all operations.