FBNET MajorFX Scalper (RAS-ID 1145)
My account stats with Alpari could be followed at MT4 Stats - Share your MetaTrader 4 Statements with the world
Please check out my EA.
1. Its now optimized and is performing well in recent weeks.
2. Very Low risk.
3. Drawdown less than 5 percent.
The Stats could be found here
Update:
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Free trial of the signal extended to October 5, 2009.
Please try out the signals. Its of very low risk and minimal drawdown.
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Dear Traders,
Please try my signals (RAS-ID 1145) , its free to try until 15th August 2009. You could view the signals at FBNET MajorFX Scalper | Rent a Signal
Trading Stratergy
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The signals are generated for EUR/USD, GBP/USD, USD/CHF and USD/CAD . For each currency pair a maximum of only 3 open orders will be open in any given time in one direction. The stratergy is not martingale even though the second and third trade is double the lot size of the previous. The first trade will be of lot size 0.01, the second will be 0.02 and the third will be of 0.04. On most occassions, the profit will be hit with just 2 orders but sometimes its required to open the third order to hit the profit. The trades will be targeting a profit of 8 pips to 20 pips depending upon how many orders are open for that currency pair. When the profit target is hit all trades for that pair in one direction will be closed. For example, if there are 3 open BUY trades( lot size 0.01, 0.02, 0.04) for EUR/USD and when the profit target is hit, all 3 trades will be closed simultaneously, the size 0.04 lot will grab about 15 pips, size 0.02 lot will grab about 7 pips and size 0.01 lot will less than 3 pips.
Because trading happens during quieter times of the market and open trades for each pair is closed simultaneiously, subscribers would be able to get results very closer to the rentasignal stats. Also it not excatly a scalping stratergy, the average times for open trades is from 10 minutes to 2 hours.
On few occassions, there will be trades opened in reverse direction as well, but its not a hedging stratergy, but because the market conditons have changed and its suitable to trade in that direction
Trades are opened after the London session. All opened trades will be closed before the London session is opened the next day. The stoploss for each trade is about 60 to 80 pips. Inevitably there will be losses or certain days, but that is always recovered in the following days. So on weekly or monthy basis the profit graph will always be up.
This version works well for all non-US brokers. If this version becomes popular, the signals can be modified to fit US based brokers.
The trades are also monitored manually and if there is a sudden movement in the market against the opened trades , then the trades are closed manually.
Recommended Multiplier for singal buyers.
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Please not that the below multipliers are very safe settings and would not harm you much even if the trade goes against you. The risk taken is less than 3% of your capital. Please do not get greedy.
The lot size for the signals starts at 0.01. Below are the recommended RAS mulitpliers depending on how much money you have got and the risk you would like to take. A leverage of 200 or above is recommended
Micro accounts ( trades with 0.01 lot size), the minimum recommended account size is 800 dollars and 200 or above leverage. If the leverage is 100 then minimum account size is 1500 dollars
For account size between 800 and 1500 , multiplier = 1
For account size between 1500 and 3000, multiplier = 2
For account size between 3000 and 5000, multiplier = 3
For account size between size 5000 and 7000, multiplier = 4
For account size above 7000 multiplier can be from 5 to 10 depending on how much risk you would like to take.
For standard 10K accounts ( trades with 0.1 lot size), the minimum recommended account size is 7000 dollars and 200 or above leverage.
If the leverage is 100 then minimum recommended account size is 10000 dollars
For account size between 8000 and 10000, multiplier = 10
For account size between 10000 and 20000, multiplier = 20
For account size between 20000 and 40000, multiplier = 30
For account size between 40000 and 60000, multiplier = 40
For account size above 60000 multiplier can be from 50 to 70 depending on how much risk you would like to take.
Please trade with demo account for the first month and when you feels confident proceed to trade live.
Trading days and hours
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The signals will be generated after the London session is closed and before the London session is opened, That means trades will happen from 16.00 GMT to 7.00 GMT. There won't be any trades when the market is very volatile and when there are major news events. Also no trading on fridays and holidays and when the market is very very quiet. When the market is quiet, there is possibility of sudden spikes which needs to be avoided.
Pricing
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The Signal is free to try until 15th of August 2009. After that the price for the signals is 29 USD each month for the first 3 months.
Please email me at fbnetea@vbfnet.com if you have any queries or you need any assistance using the signals
Thanks
vbfnet
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