This signal uses a couple of classic indicators with specific settings for entry, the trade is then managed by setting a take profit, but should the trade move away form the take profit then a counter trade is placed to bring the median value inline with price movement the algorithm then manages all the trades.
To protect the account the stop loss is managed by a percentage of the drawdown of each currency pair and should this percentage be reached then the trades on that currency pair will be closed at a loss and if there are any other trades active on other currency pairs then they will continue, all stop losses are hidden.
I do manage some of the trades manually and can sometimes alter the settings or close them out early etc as required, this is a live account and my money and i also want to make steady returns.
The suggested minimum balance is 1,000 with the same leverage
Recommend to using a ECN broker with low spreads, click this link to use the same broker as me Broker
Please read the following article on how to successfully subscribe to a signal https://www.mql5.com/en/blogs/post/23777
Also please read "Rules of Using the Signals Service" at the following link https://www.mql5.com/en/signals/rules very helpful
A VPS is required as trades can be entered and exited at anytime of the day, many brokers offer options for VPS and so does MQL5, please see this link to how set up a VPS https://www.youtube.com/watch?v=yd3ar2y0pCo
Contact me via message for any queries and i will respond as soon as i can.
I recommend a two stage money management approach to trading to minimise risk
1st Stage (of which there are two options)
Option 1 - is to withdraw your original investment once the strategy has made your original investment back
Option 2 - is to make regular (monthly) withdraws of the profit whilst maintaining the suggested minimum balance until the original investment has been withdrawn
This is entirely up to you as how often or not you withdraw money from the account as at this stage only profit is in the account, but create a plan that you are happy with and write it down and refer back to it later on. This can always be changed but I've found it very useful to record the plan and can refer to it later.
Once you have withdrawn the original investment from the account you can recycle the money into another account and follow the same principle building up more accounts with different strategies and/or currency pairs etc for a long term diversified portfolio.
Please note that trading is a risk and anything can happen so please only trade with money you can afford to lose, i am not a financial adviser and the above is my opinion.
Forex trading involves a high degree of risk (including the loss of your entire investment):
Do not invest money you cannot afford to lose.
Do not trade unless you understand the risks.
Past performance is no guarantee of future performance.
Results may vary depending on broker, VPS provider and MT4 settings.
By subscribing, you acknowledge you have fully read and agree with MQL5.com Signal Rules: https://www.mql5.com/en/signals/rules