this account only for us30 trading. most of the time 2 trade will be opened same time with fixed 100 pips sl and one trade will have fixed tp of 50 pips another will be floating tp. its not necessary to wait to hit the sl we may close earlier depends on the market situation.
may target is to generate 50-60% per month which is double of the max draw down level.
surprisingly discover one thing that there are many signal in this community those started with 2/3/4k+ growth% in their 1st month with very low drawdown then come to below 20% growth per month when they attached their account to the community. i dont know how they manipulate those numbers, bcz most of the time their brokers are newly established one and use cent accounts. if u check those accounts you will find they are so name trade opened initial stage of their account in same time but price is very different and all makes profit, seems like they just took trade and price goes in their way, so that they can keep downward in to minimum level. here is one of signal providers subscribed users comment:
""Hi. I'm not trying to be negative here in any way. I even subscribed. But I see that 45 orders or 1 lot each were open on 01/09. That's 45 Lots. After orders opening, orders went for around 50 pips average drawdown (that's around 23k). If those orders ever went to SL, that's 45K. So how is that 5-10% risk max? Believe me it's an honest question and not trying to undermine the signal in any way.''' image attached.
my point is if a trader make 20% in one month s/he should make at-least 2-3% on avg in other months, bc it may happen that market moves so fast so that they make big amount of growth in one month and that can happen, but after getting 2000% growth in one month(specially in 1st month) then their growth decrease to 5-15% on month, how much % they loose? and those big growth gainer most of the time used very newly establish broker with cent account.
If they are confident on their trading why not put normal amount of money instead of using cent account, and i dont know how that manipulate data with new brokers, if u check this kind of account which have very large growth in 1st month then drops to normal growth rate which is very low to compare with initial growth ull find these things:
1. cent account, 2. new broker non reputed 3. so many trade opens in same time all goes profit
i dont know how they manipulate those data on mt4 but surely there is something wrong what is tjey are making.
Bcz i new one such account which had 300+ subscriber (i was follow that account for 2-3 months) and provide signal for 4-6 months now closed, all s/he required to make money from subscriber fees for few month than gone.
Most of the high growth( like 1000+ %) in 1st month are similar to this, they dont provide signals for long term just attract ppl by their high growth rate get signal fee and then gone.
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