PhoenixFxAtm

Welcome to Phoenix Fx ATM Copy Trading Channel

My aim is to help grow our accounts together over time. This is no get rich quick trading system!

I only trade GBPJPY on the 1 minute, with a max of 14 trades open at any one time without stop losses and a 120-200pip take profit depending on market conditions. Positions are held till they reach their Take Profit, so trades could stay open for days or even weeks unless I close them "manually" because they're not likely to reach Take Profit and in order rather to free up a position for a new trade.

To trade this strategy successfully, you have to trade with a properly calculated lot size otherwise you stand the chance of been margin called!

Please use a demo account with the balance set to the amount you intend to trade with (or a multiple thereof) AND make sure your leverage is set to 500 because all copy accounts are set to this leverage.

Open 14 trades at whatever lot size you want to use and make sure that your Margin Level % does not go below 800%. This will allow us some room in situations where we're stuck in trades due to news, gap up/down opens or other market related large moves against our positions. Adjust the lot size until all 14 trades come to around the 800% level.

This does NOT guarantee you from not been margin called, but puts us in a better position to manage risk trading this strategy.

If your live open trades go below this %, monitor your % because you will need to add funds when if it goes lower than 500% in order to be safe from been margin called. Alternatively, you can close some of the trades and realise the loss but be safe from your broker forcibly closing all your trades and realising those losses..

Take Note:

Depending on when you join, you may not get a trade for a while because my 14 positions are all filled already and will only get a trade once one of those trades are closed and a new position is available.

Thank you for copying and let's grow our accounts together

PhoenixFxAtm

PS. I will be setting up accounts with other brokers and social trading sites and apps in the near future. For those not with Octa, Use https://octa.click/bzEt4Ot2PVa?ib=18833095 to sign up