Usman Maqbool
AUD should get hammered. The second wave of AUD shorts will come around 8:30 - 9:00 pm (MT) or 10:30 -11:00 pm (MT)
Usman Maqbool
AUD employment data out:
Australian Econ: Participation Rate 65.2% in January vs 65.2% expected and 65.1% in December.
Unemployment Rate 6.0% in January vs 5.8% expected and 5.8% in December.
Employment Change -7.9k in January vs 13.0k expected and -1.0k in December.
Special attention to:
Full Time Employment Change -40.6k in January vs 17k in December
Part Time Employment Change 32.7k in January vs -18.5k in December
Not impressive at all.
Australian Econ: Participation Rate 65.2% in January vs 65.2% expected and 65.1% in December.
Unemployment Rate 6.0% in January vs 5.8% expected and 5.8% in December.
Employment Change -7.9k in January vs 13.0k expected and -1.0k in December.
Special attention to:
Full Time Employment Change -40.6k in January vs 17k in December
Part Time Employment Change 32.7k in January vs -18.5k in December
Not impressive at all.
· 2
Usman Maqbool
RBA: Minutes of the Monetary Policy Meeting (news out at 5:30 pm MT):
If you read the policy minutes and pay special attention to last paragraph where it says:
"
The Board noted that the outlook for continued low inflation may provide scope for easier monetary policy, should that be appropriate to lend further support to demand.
"
RBA is somewhat dovish in their tone. Left door open for keeping interest rate low and cut. Market bought Aussie dollars across the board. With UK and Australia are somewhat on the same page for most part in terms of policy guidance, I don't see a lot of follow through in AUD $ strength against the GBP.
In addition to the above UK CPI y/y number is due in few hours and this pair can easily retrace up and might give us a chance to book profit.
Currency markets do not make much sense most of the time and should be played like big players do. It has the tendency to keep bouncing up and down, especially with pairs like GBP/AUD.
Keep your belts fasten and you never want to jump of the roller coaster ride when it's rolling. :)
If you read the policy minutes and pay special attention to last paragraph where it says:
"
The Board noted that the outlook for continued low inflation may provide scope for easier monetary policy, should that be appropriate to lend further support to demand.
"
RBA is somewhat dovish in their tone. Left door open for keeping interest rate low and cut. Market bought Aussie dollars across the board. With UK and Australia are somewhat on the same page for most part in terms of policy guidance, I don't see a lot of follow through in AUD $ strength against the GBP.
In addition to the above UK CPI y/y number is due in few hours and this pair can easily retrace up and might give us a chance to book profit.
Currency markets do not make much sense most of the time and should be played like big players do. It has the tendency to keep bouncing up and down, especially with pairs like GBP/AUD.
Keep your belts fasten and you never want to jump of the roller coaster ride when it's rolling. :)
· 5
Alle Kommentare anzeigen (5)
Usman Maqbool
FAQ section is added to signal description page as well:
Q. Does this system use Stoploss?
- No, this system does not use typical SL. Risk is managed by the lot size, range for the grid, spacing and carefully chosen volatile pair. If we get into bit higher lot sizes then we will try to get out of the trade basket with some profit, breakeven or even with a small loss + system will be switched off and trades will be manually managed.
In addition to the above, human oversight is provided to sometimes close basket of trades if it's clear that the trade direction is against the recent fundamental/Technical developments and/or if there is a very high impact news on it's way while we are exposed with higher lot size orders.
Q. Are you going to do regular withdrawals to keep the account balance the same?
- Yes, withdrawals will be very frequent to bring the account balance back to where it started. I have a seperate account with IC Markets just for the purpose of withdrawal from this master signal account.
Q. Does this system use Stoploss?
- No, this system does not use typical SL. Risk is managed by the lot size, range for the grid, spacing and carefully chosen volatile pair. If we get into bit higher lot sizes then we will try to get out of the trade basket with some profit, breakeven or even with a small loss + system will be switched off and trades will be manually managed.
In addition to the above, human oversight is provided to sometimes close basket of trades if it's clear that the trade direction is against the recent fundamental/Technical developments and/or if there is a very high impact news on it's way while we are exposed with higher lot size orders.
Q. Are you going to do regular withdrawals to keep the account balance the same?
- Yes, withdrawals will be very frequent to bring the account balance back to where it started. I have a seperate account with IC Markets just for the purpose of withdrawal from this master signal account.
· 6
Usman Maqbool
FAQs: (Frequently asked questions)
Q. Is this system for sale or rent?
- No: Because the important part of the system is human oversight and intervention when needed based on utilizing Japanese candle stick techniques and fundamentals.
Q. Which broker will work with this system.
- Any good regulated broker will work with this system. I strongly recommend IC Markets based on my own experience. Visit this link: http://icmarkets.com//?camp=3248
Q. Why trading only GBP/AUD.
- This pair is carefully selected based on volatility, fundamentals of the countries and most importantly risk management. No other pair will be traded.
Q. What about the leverage requirements?
- Ideal leverage is 500:1 but 400:1 or even 200:1 can work as well. It's just that if you decide lower leverage means lower lot size copied in your account and you can not control
this as it will auto calculated by mql5 system. https://www.mql5.com/en/articles/523
Q. values when setting up signal subscription?
- set %age of deposit = 95%, slippage = 5 pips and set stop if equity = 0,
Q. What lot size do I select to trade this system?
- Lot size is automatically calculated by mql5 system when you subscribe the signal. Please take the time to read this link first.
https://www.mql5.com/en/articles/523
Q. What is max drawdown (DD) to expect?
- Please take a look at my other showcased signals to get an idea. Your max DD will be lower than the master signal because mql5 only allows to set %age of deposit = 95%.
More FAQ will be added soon ......
Q. Is this system for sale or rent?
- No: Because the important part of the system is human oversight and intervention when needed based on utilizing Japanese candle stick techniques and fundamentals.
Q. Which broker will work with this system.
- Any good regulated broker will work with this system. I strongly recommend IC Markets based on my own experience. Visit this link: http://icmarkets.com//?camp=3248
Q. Why trading only GBP/AUD.
- This pair is carefully selected based on volatility, fundamentals of the countries and most importantly risk management. No other pair will be traded.
Q. What about the leverage requirements?
- Ideal leverage is 500:1 but 400:1 or even 200:1 can work as well. It's just that if you decide lower leverage means lower lot size copied in your account and you can not control
this as it will auto calculated by mql5 system. https://www.mql5.com/en/articles/523
Q. values when setting up signal subscription?
- set %age of deposit = 95%, slippage = 5 pips and set stop if equity = 0,
Q. What lot size do I select to trade this system?
- Lot size is automatically calculated by mql5 system when you subscribe the signal. Please take the time to read this link first.
https://www.mql5.com/en/articles/523
Q. What is max drawdown (DD) to expect?
- Please take a look at my other showcased signals to get an idea. Your max DD will be lower than the master signal because mql5 only allows to set %age of deposit = 95%.
More FAQ will be added soon ......
· 4
cheerios36
2016.02.14
Great Signal! Thank you for the FAQ's. Can you also address/answer when you will withdrawal? (hopefully every so often so subscribers can take some profit but whichever is ok imo) Thanks again!
Usman Maqbool
2016.02.14
Q. Are you going to do regular withdrawals to keep the account balance the same?
- Yes, withdrawals will be very frequent to bring the account balance back to where it started. I have a separate account with IC Markets just for the purpose of withdrawal from this master signal account.
- Yes, withdrawals will be very frequent to bring the account balance back to where it started. I have a separate account with IC Markets just for the purpose of withdrawal from this master signal account.
Usman Maqbool
Dear subscribers,
Soon I will write an FAQ section to address investors concerns and frequently asked questions so that you have more confidence in subscribing our signal here. Most important thing is that we have our serious money on the line here and we would never do silly mistakes like newbies.
Thank you for your support and trust. Wish you all happy and prosperous life. Stay blessed.
Soon I will write an FAQ section to address investors concerns and frequently asked questions so that you have more confidence in subscribing our signal here. Most important thing is that we have our serious money on the line here and we would never do silly mistakes like newbies.
Thank you for your support and trust. Wish you all happy and prosperous life. Stay blessed.
· 8
Timo Schroeter
2016.02.12
@Usman: Thanks for taking the risk serious and not gambling with our money.
azizkhan2216
2016.02.12
Timo Schroeter...... TQ for the link. I will try to get the EA to try out on my Demo Account. Cheerio Timo. Thanks.
Usman Maqbool
Sunday 7th Feb 2016: waiting for spread to narrow and the dust to settle from friday before we go live with pound Aussie system.
· 4
Usman Maqbool
Trades basket closed close to TP. All systems switched off for the week to pass NFP and Friday. Funds reduced to $7k as per investors request. cheers and have a good weekend.
· 6
kumawat
2016.02.05
Thanks Usman for letting to know the lot size so i can adjust my %.
I do not know how you decides TP but i suggest after 6-7 entries , you may also consider nearly S/R , PVT and FIB and even may be few pip lesser than auto calculation. After 6-7 entries we do not want to mis the closure of basket due to reversal from S/R etc ( where TP was away few pips from S/R level.)
Thanks
I do not know how you decides TP but i suggest after 6-7 entries , you may also consider nearly S/R , PVT and FIB and even may be few pip lesser than auto calculation. After 6-7 entries we do not want to mis the closure of basket due to reversal from S/R etc ( where TP was away few pips from S/R level.)
Thanks
Timo Schroeter
2016.02.05
Thanks. I hope I can share your profit now. Till today my first 4 positions has a lotsize of 0.01 which lead to only a little profit. Even for my deposit.
Usman Maqbool
RBA policy statement on the dovish side. RBA: Revises down forecast terms of trade a little further, Sees 2% to 3% inflation in 4Q 2016, Same as November. retail sales down as well.
We should be able to book profit with the current basket of trades. After that trading will shut down today to pass on NFP news tomorrow + it's end of week Friday.
Also, I will remove the some of the capital from the master signal account to accommodate lower balance requests from investors to match lot sizes in their accounts. Will leave $6k - $7k in the account. Cheers and have a good weekend.
We should be able to book profit with the current basket of trades. After that trading will shut down today to pass on NFP news tomorrow + it's end of week Friday.
Also, I will remove the some of the capital from the master signal account to accommodate lower balance requests from investors to match lot sizes in their accounts. Will leave $6k - $7k in the account. Cheers and have a good weekend.
· 1
Usman Maqbool
Important message for Real account signal subscribers:
Now that real signal subscribers are growing at a rapid space and we are receiving requests to reduce the master account balance so that the smaller investor's accounts can have their initial lot size increased. This is the only way to increase the lot size because mql5 lot calculation is based on master balance vs investor's balance. It will be done with in the next 2-3 days or less. This will not have any impact on bigger account sizes.
Showcase accounts will still be linked to show we believe in our system and have our own serious money on the line. Thank you for your support.
Now that real signal subscribers are growing at a rapid space and we are receiving requests to reduce the master account balance so that the smaller investor's accounts can have their initial lot size increased. This is the only way to increase the lot size because mql5 lot calculation is based on master balance vs investor's balance. It will be done with in the next 2-3 days or less. This will not have any impact on bigger account sizes.
Showcase accounts will still be linked to show we believe in our system and have our own serious money on the line. Thank you for your support.
Usman Maqbool
2016.02.03
Guys this is normal for the price to go against our direction for few hundred points. I kept an eye on the middle bollinger band(20 days SMA) on daily chart. If the bollinger bands are advancing/pointing downward on daily and weekly charts, MBB will hold the price from rising. Tomorrow is the UK interest rate decision and there is a lot of sentiment trading in the works as well. Fundamentally speaking, UK is in no rush to reduce asset purcahse facility + nowhere close to rate hike. Part of GBP strength against the AUD dollar is (GBP/AUD pair) is coming from risk aversion sentiment int he markets as you are seeing red across the board in world markets. This pair is volatile and it can bounce few hundred points up or down in a day which is what we need. I was prepared to disable the system in case if we were to enter higher lot sizes i.e. individual order size of 2 regular lots or higher and manage it manually.
Sticking to the plan is important. Remember "No FEAR NO GREED". cheers
Sticking to the plan is important. Remember "No FEAR NO GREED". cheers
Timo Schroeter
2016.02.03
Good to hear. Now if you can adjust the risk for the subscribers with lower deposit by making a withdrawl it would be even better :)
Usman Maqbool
Explanation of high drawdown (44%)
Back in NOV 2015, we doubled the initial lot size from 0.05 to 0.10 on 18 Nov when the account balance was around $17k CAD. This decision was made based on the account behaviour of low drawdown with good profits but unfortunately right after we increased the initial lot size, GBP/AUD pair took a huge dive (more then 469 pips from the initial lot of 0.10) and we got caught in running negative equity of aprox. $7k CAD when the account balance was aprox. $17k CAD which registered a huge drawdown of aprox. 44%. To be honest it was a wake up call for us and we knew that this was a mistake and right away we started planning on exit strategy. We dumped the basket of trades on a retracement with an acceptable loss of $1k on a $17k CAD account balance in an attempt to cut our losses short.
Based on this incident we decided not to increase the initial lot until we withdraw few times higher then initial investment first and then in second phase the initial lot size will be increased in very small increments once the account size will grow to at least $25k.
Aussie Pound showcase 1 & 2 accounts lot size were not increased and hence those accounts did not register the huge drawdown. (I have linked those two accounts under the signals for a proof).
Back in NOV 2015, we doubled the initial lot size from 0.05 to 0.10 on 18 Nov when the account balance was around $17k CAD. This decision was made based on the account behaviour of low drawdown with good profits but unfortunately right after we increased the initial lot size, GBP/AUD pair took a huge dive (more then 469 pips from the initial lot of 0.10) and we got caught in running negative equity of aprox. $7k CAD when the account balance was aprox. $17k CAD which registered a huge drawdown of aprox. 44%. To be honest it was a wake up call for us and we knew that this was a mistake and right away we started planning on exit strategy. We dumped the basket of trades on a retracement with an acceptable loss of $1k on a $17k CAD account balance in an attempt to cut our losses short.
Based on this incident we decided not to increase the initial lot until we withdraw few times higher then initial investment first and then in second phase the initial lot size will be increased in very small increments once the account size will grow to at least $25k.
Aussie Pound showcase 1 & 2 accounts lot size were not increased and hence those accounts did not register the huge drawdown. (I have linked those two accounts under the signals for a proof).
Usman Maqbool
To all demo and real signal subscribers of Pound Aussie,
Please leave a feedback as it helps to improve or gives confidence to potential new subscribers which would ultimately help us to grow our business and offer new and innovative investment solutions. Thank you for your support. :)
Please leave a feedback as it helps to improve or gives confidence to potential new subscribers which would ultimately help us to grow our business and offer new and innovative investment solutions. Thank you for your support. :)
Basharat Ali
2016.02.09
Hello
I subscribed to your signal with account balance of $3500 (Leverage 1:500). But it is only taking 0.01. I have set up percentage=95% and deviation/slippage=3. But according to chart it should open 0.02.
Need you help
I subscribed to your signal with account balance of $3500 (Leverage 1:500). But it is only taking 0.01. I have set up percentage=95% and deviation/slippage=3. But according to chart it should open 0.02.
Need you help
Nomadic28
2016.02.16
Hi Usman. I've subscribed as well and like the other 2 fellas, position of my account even though it is with $9k US, only taking .01. Using OANDA V4 Metatrader trying to find out where to change the leverage positions and check the other info. Thank you
Nomadic28
2016.02.16
Yo1968 and Basharat you'll need to go to Tools at the top and select Options. There'll you find the Signals tab and make the changes as recommended by Usman
Usman Maqbool
Today we hit a milestone of 500% in real account and in our 6th month. Come join us if you are serious about making money.
https://www.mql5.com/en/signals/121113
https://www.mql5.com/en/signals/121113
· 2
Usman Maqbool
2016.01.14
Hi Dave, Unfortunately you need to increase the account size. Please follow the table shown in the system description page. And do not manually trade or use another EA in the same account. Pretty much leave it alone and let it run. Thanks.
Dave
2016.01.14
So I have 200 leverage... According to your chart I have to have about 7000 to have the minimum. That's a bummer.
Usman Maqbool
2016.01.14
Dave - The idea is to have a decent account size. You can go with 200:1 leverage and $3k account but then your initial lot size has to be 0.01.
Usman Maqbool
Hello,
Today we reached a milestone of 400% in Real account. Started on 23 July and 23 Dec 2015 will mark 5 months. So far the average monthly stands at 80%/m (400/5=80).
Make sure to withdraw some profits or ideally your initial investment dollars and also don't forget to reward yourself as well.
Discipline pays off !
https://www.mql5.com/en/signals/121113
Cheers :)
Today we reached a milestone of 400% in Real account. Started on 23 July and 23 Dec 2015 will mark 5 months. So far the average monthly stands at 80%/m (400/5=80).
Make sure to withdraw some profits or ideally your initial investment dollars and also don't forget to reward yourself as well.
Discipline pays off !
https://www.mql5.com/en/signals/121113
Cheers :)
Usman Maqbool
Dear Subscribers,
I have decided to close the existing basket of trades with some loss on today's retracement because we got caught on the wrong side of the move. Some of the reasons for this aggressive move to the downside for this pairs was:
- H&S neckline break on D1 chart to the downside on Thursday 19th Nov.
- 20th Nov follow through of downside push fuelled by risk rally on World stock markets. (GBPAUD normally goes up with risk-off sentiment and goes down with risk-on sentiment other then the fundamentals of individual currency economies)
We could make good money on this retracement to the upside but due to total lot size already opened, I was not comfortable keeping it in the market and decided to cut loose. unfortunately this aggressive move came right after we increased the initial lot size and hence registered a large drawdown. I have also decided to reduce the initial lot size back to 0.05 and will keep it this way. Things are now under control and we will recover the loss soon here.
Thank you for your support.
I have decided to close the existing basket of trades with some loss on today's retracement because we got caught on the wrong side of the move. Some of the reasons for this aggressive move to the downside for this pairs was:
- H&S neckline break on D1 chart to the downside on Thursday 19th Nov.
- 20th Nov follow through of downside push fuelled by risk rally on World stock markets. (GBPAUD normally goes up with risk-off sentiment and goes down with risk-on sentiment other then the fundamentals of individual currency economies)
We could make good money on this retracement to the upside but due to total lot size already opened, I was not comfortable keeping it in the market and decided to cut loose. unfortunately this aggressive move came right after we increased the initial lot size and hence registered a large drawdown. I have also decided to reduce the initial lot size back to 0.05 and will keep it this way. Things are now under control and we will recover the loss soon here.
Thank you for your support.
· 3
Usman Maqbool
Reply to Kumawat's concern:
Hello , Thank you for raising your concern. I really appreciate an open communication and constructive feedback. Please note that the GBP/AUD of 1 regular lot trade was opened after approx. 5 mins of AUD employment news release after analyzing the data. The data was a bullish shock to the market and explained in details in my previous post. I would never open a trade like this before the news release because we would not know the direction but I hear you and will not open any such manual trade in this signal account. Thanks and cheers. Please raise your questions or concerns by using the message service as the feedback does not allow to reply and explain for all other investors or potential investors. Please at least consider changing your feedback to include that " the trade was opened 5 mins after the news release after the analysis. Thanks and Cheers.
ORIGINAL FEEDBACK From KUMAWAT:
Hi Usman,
Your system is very good and profitable. i subscribed recently.
In any system money management should be top priority and you need to be strict to that for long term success. There is no hurry to rush and no need to take any extra risk which is not in plan.
See to day after Aussie news you open one full lot position which is 15 time higher than initial entry (0.07) with current equity. Lucky this time news was in your favor and suppose if it is against you than you have to close in huge loss. because you cannot open more positions with higher lot in same direction of losing trade.
So please , we trust your trade plan and expect from you to strict to that money management. so please do not this type of gamble again by opening an entry with one full lot instead of .07 which is based on equity.
I hope you understand my concern. Protecting the Capital and following a solid MM and strict to your trade plan should be the top priority. Do not worry about the subscribers they will come automatically. Investor are more sensitive to trader's trading style than return.
Thanks
Hello , Thank you for raising your concern. I really appreciate an open communication and constructive feedback. Please note that the GBP/AUD of 1 regular lot trade was opened after approx. 5 mins of AUD employment news release after analyzing the data. The data was a bullish shock to the market and explained in details in my previous post. I would never open a trade like this before the news release because we would not know the direction but I hear you and will not open any such manual trade in this signal account. Thanks and cheers. Please raise your questions or concerns by using the message service as the feedback does not allow to reply and explain for all other investors or potential investors. Please at least consider changing your feedback to include that " the trade was opened 5 mins after the news release after the analysis. Thanks and Cheers.
ORIGINAL FEEDBACK From KUMAWAT:
Hi Usman,
Your system is very good and profitable. i subscribed recently.
In any system money management should be top priority and you need to be strict to that for long term success. There is no hurry to rush and no need to take any extra risk which is not in plan.
See to day after Aussie news you open one full lot position which is 15 time higher than initial entry (0.07) with current equity. Lucky this time news was in your favor and suppose if it is against you than you have to close in huge loss. because you cannot open more positions with higher lot in same direction of losing trade.
So please , we trust your trade plan and expect from you to strict to that money management. so please do not this type of gamble again by opening an entry with one full lot instead of .07 which is based on equity.
I hope you understand my concern. Protecting the Capital and following a solid MM and strict to your trade plan should be the top priority. Do not worry about the subscribers they will come automatically. Investor are more sensitive to trader's trading style than return.
Thanks
Usman Maqbool
I have opened a manual trade short on Gbp/Aud on extremely bullish AUD Employment Change news (just out): Full Time Employment Change 40.0k in October and -13.9k in September. Part Time Employment Change 18.6k in October and 8.9k in September.
Earlier we had Claimant Count Change news out of UK, which was bearish but GBP was supported by a better than expected Unemployment Rate of 5.3%.
I have already moved the stop loss to breakeven + 2 pips and now we will ride risk free trade. Worst case scenario, we will be out at no loss but looking at the daily chart, as long as we stay below middle BB and close under middle BB on a daily close BB, the price should push down. I am also looking for sentiment and reaction from trader from Sydney & Tokyo after lunch time for another push down around 9:00 pm (MT) followed by London & New York traders to react. Also, there is no high impact news scheduled for the rest of the week from UK & Australia so basically Aud will be well supported against other currencies especially GBP & Eur.
There is no fixed TP for this trade as this will based on several factors (i.e. sentiment, technical levels & fundamentals). The manual trades are rarely executed as it has to be a very bullish or bearish shock to the market for it to move. Thanks and happy piping.
Earlier we had Claimant Count Change news out of UK, which was bearish but GBP was supported by a better than expected Unemployment Rate of 5.3%.
I have already moved the stop loss to breakeven + 2 pips and now we will ride risk free trade. Worst case scenario, we will be out at no loss but looking at the daily chart, as long as we stay below middle BB and close under middle BB on a daily close BB, the price should push down. I am also looking for sentiment and reaction from trader from Sydney & Tokyo after lunch time for another push down around 9:00 pm (MT) followed by London & New York traders to react. Also, there is no high impact news scheduled for the rest of the week from UK & Australia so basically Aud will be well supported against other currencies especially GBP & Eur.
There is no fixed TP for this trade as this will based on several factors (i.e. sentiment, technical levels & fundamentals). The manual trades are rarely executed as it has to be a very bullish or bearish shock to the market for it to move. Thanks and happy piping.
Usman Maqbool
Pound Aussie system
Important note when setting up the signal copying in your account: (Deviation/Slippage)
I suggest setting the deviation/slippage to at least 2-3 pips due to bit higher volatility and spreads for gbp/aud pair. The end goal is that the trade is copied in your account. You don't want to miss the next trade just because of bit higher slippage. This system goes for wider TP so few pips here and there does not make much difference but copying all trades is important to follow the grid. thanks !
Important note when setting up the signal copying in your account: (Deviation/Slippage)
I suggest setting the deviation/slippage to at least 2-3 pips due to bit higher volatility and spreads for gbp/aud pair. The end goal is that the trade is copied in your account. You don't want to miss the next trade just because of bit higher slippage. This system goes for wider TP so few pips here and there does not make much difference but copying all trades is important to follow the grid. thanks !
