Notice to all subscribers!
Currently there’s a precise SL set which aligns with psychological support zone. I can close all trades now and make some people “happy” or let it run the course which by Monday’s time our TP will be reached but this will make some other people “mad”. I think I will follow my risk management strategy and keep the trades OPEN. As of right now, we have NO reason to fear losing these trades. Anyone who’s angry and leaving bad reviews on my signal page are the ones who signed up without ever reading my signal description or even understand basic principles in Forex trading. Some subscribers didn't even know we were using the Hamster EA, even though I’ve thoroughly explained it on point number one of the signal description and it’s even at the beginning of the signal’s name!
We will stay the course, we exit the market once 1.1300 has been broken and gone past 1.1285 (SL) and take profit at 1.13700 (TP). The odds are in our favor that we will hit TP at the start of next week when the market opens again. Patience is vital in trading and if you don’t have it, you’ll become emotional which will lead to exiting the market prematurely in a loss, landing you the title of “just another losing trader” since the more times you do this, the quicker your account balance will SHRINK.
Please be aware, that you are in full control AND take full responsibility for your own trading account. If you feel like it will be a bad move to keep the trades open or if you feel that you’re a “better trader” then me and want to exit the trades, by all means apply your own strategy to get out of the trades! Just make sure to disable the signal on your MT4 to prevent the trades from re-opening after a synchronization. If you have no clue what’s happening, then walk away from your computer and allow me to do what you paid me to do. Our current predicament is planned for and we have a proper exit strategy based upon the preset risk management.
If you leave a bad review, make sure to update it with a positive review after we get past these trades since we’ll continue to make strong gains with or without a loss. I’ve been making everyone money since day one and will continue to make everyone money even after today. I’m a little irritated to see so many 1 star reviews. This leads me to believe that a lot of you are having a hard time understanding the nature of this signal & Hamster. If you’re still confused on why we are still in trades, please re-read the signal description and follow the links I provided in point number one to understand the inner workings of this signal. I have NEVER said we wouldn't experience down-draw or losses. This is INTERGAL to trading and is inevitable to avoid completely. Hamster has a great win rate but with strong risk factors. This signal’s aim was to reduce and eliminate much of those risk factors and I have done so. You can look at my trading history and compare it to other signals and the default Hamster to understand. I have stated this over, and over, and over again. This is a HIGH gain & HIGH risk signal. Avoiding major draw-down & losses with ANY high gain signal Is unrealistic and FOOLISH to expect. What you can expect is how we manage our trades beforehand, how to proceed during unexpected down-draws, and what to do after we encounter a Stop-Loss. This signal effectively addresses ALL 3 of those points and that is why I’m here, and I’ll stay here for a long time.
When messaging me on how I should manage our open positions, take into consideration that I have 500 other people to think about as well. You may be okay with closing out all of the trades in a huge 40% loss because that is your personal risk strategy, but the majority of my subscribers would not be happy closing out in a loss when we have the potential for the market coming back to hit our TP very soon. The market can come back up without ever hitting our 60% account risk cap, thus the chances of these trades becoming profitable are very good for us. What a lot of my subscriber fail to realize is the HUGE advantage we have, a 99% win rate. This statistical advantage will work in our favor and is another major factor in our EA trading results.
For this reason my decision is to leave the trades going and apply the aforementioned TP and SL levels. I have explained earlier that this signal is not a quick come-and-go money grab. This signal will be here for the long haul. There’s a recovery strategy in place that will regain ALL losses plus profit within 2-4 weeks in the event that our 60% draw-down SL is hit (without ever increasing our current risk factor). This is why I’m optimistic even with the threat of today’s major bear move. Avoiding big losses by holding onto the trades while stilling maintaining our risk management structure is a huge win for us!
We will make it out just fine so have patience and please don’t speak too soon with your counterproductive negativity in the reviews and on the telegram groups. Risk management was applied before the trades were made, risk management has been applied during the trades, and risk management will be applied after an unfortunate SL hit.
Have a good weekend everyone!