This is fully automated system. Trading in asian session. EA was developed by myself.
1) Risk now is set to 10% per one trade and it is always = 50 pips(4 digit). You may think, that it is high, but you should know that there is an algoritm for early position closing .
Statistics for the system is: 84 % profit trades and 16 % loss trades. Average profit trade = 10 pips(4 digit) and average loss trade = 15 pips(4digit). So using risk = 10% per trade you have an average risk = 3,5 % per one trade and it is not so high already. All detailed statistics you can see on Myfxbook monitoring
2) Stoploss and TakeProfit are always used.
3) Trading is held on 9 currency pairs; maximum is 2 trades per one symbol in different directions.
4,5) I am not using martingale and grid technics, so there will be no difference between Balance and Equity lines and big floating drawdowns, that can blow account in one day.
6) An average duration of trades is 2- 4 hours.
7) Largest percentage loss on one trade is 10 %. (happens very rarely)
8) Largest pip loss is 50 pips on one trade.
9) My strategy opens trades only at asian session, in this time there no big news.
If you will decide to subscribe, I advice you to copy trades using small risk for the first week. This will help you to understand how much this system suits you and how much will be slippage in copying trades (sometimes slippage can be high, because of Brokers super-high spreads and slow execution, my broker is TickMill and it is good broker, so if your broker is good too, I suppose the slippage will be minimal.) you can compare your trades with my MyFxBook monitoring.
MFE and MAE Distribution Point Graphs
Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.
Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.
The average slippage based on execution statistics on real accounts of various brokers is specified in pips. It depends on the difference between the provider's quotes from "Tickmill-Live" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.
|0.00 × 5|
|0.00 × 1|
|0.00 × 2|
|0.00 × 2|
|0.19 × 181|
|0.22 × 265|
|0.46 × 71459|
|0.50 × 4634|
|0.50 × 2|
|0.53 × 148|
|0.57 × 932|
|0.63 × 184|
|0.77 × 2152|
|0.79 × 833|
|0.80 × 44|
|0.80 × 10|
|0.80 × 700|
|0.81 × 8808|
|0.90 × 617|
|0.96 × 913|
|0.97 × 88|
|0.97 × 411|
|1.00 × 2|
|1.00 × 2|
|1.05 × 262|
I am writing to inform you, that all limites for financial operations were canceled :)
Mql limited my financial operations, that is why you can't subscribe to the signal.
I don't know why this happened, but I suppose we will solve this problem soon.
I wrote to the mql support yesterday, but they didn't answered yet.
Also I can't answer to the personal messages, may be they are also blocked.
I am sure that this is a temporary situation.
I will inform you about the situation immediately.
Hello dear subscribers,
today is important day in USA - presidential election.
That can cause high and unpredictable volatility in the forex market.
Because of this fact I will stop trading today untill the market will become more stable.
Thank you all..
I am writing to inform everyone that some new currency pairs will be added to the trading system since today.
EURCHF,EURGBP,USDJPY & USDCHF.
Risk will be set for thease pairs to ~ 4-5%
I am sure, it will make system more balanced and profitable.
Today happened loss = 50 pips = 10%.
I realy don't understand why some of subscribers are so surprised and trying to blame me and my strategy and my EA, that it is broken and doesn't work anymore.
Some of you wrote that I was drunk with vodka and that is why loss happened, and that I changed my strategy.
It is so unprofessional from their side..
I wrote in description FOR EVERYONE, that maximal loss = 50 pips, and for my account it is 10% risk. And sometimes this will happen, but not often.
All subscribers read it and everyone know the risk.
All subscribers have an ability to choose lower risk for their accounts.
I am following my rulls and I am not changing my strategy, and I am honest with all subscribers.
We all want to avoid losses, but they are part of strategy.
Good luck for everyone!
First of all I'd like to thank you all for your positive reviews, I apprechiate this.
I must say that I am still receiving a lot of letters from you about USDCAD currency pair, and most of you want me to start trading this symbol again.
I also want it, because I think it is profitable part of this strategy.
So I tried to find the reason of the problem.. and now I suppose, that all the problems that some of you had were because most of trades opened in the time when spread is always highest and mql copying system works not properly.
In order to satisfy all my subscribers I decide to start trading again USDCAD, but using other algoritm which is also very profitable and stable. I think that this algoritm will not cause such problems, because trades will open at a little different time and it uses good spread control.
I hope this decision will satisfy all of you!
Thank you again.
Today I have received from some of you letters about some problems in copying trades of USDCAD currency pair.
I don't know why this happening, but on some of your accounts sometimes trades are copying at very different price and time.
May be this happens because of bad broker's conditions (spreads, execution, slippage) or something else, but other currencies are good copied.
So, I decide to stop trading on USDCAD currency pair, in order to save your money.
Hello, dear subscribers,
Just a little unlucky today.
I was expecting that the price will go up, but I decided to modify stoploss because of expectation an important news in order to avoid higher loss.
Sometimes losses happens, it is normal.