As I said earlier in our telegram group, I've optimized my Hamster set to take on less risk so that we can get back to making daily gains and start recovering. I'm also going to be looking at the market and placing manual trades at times. This will not be like the other day where we had 30 trades in a single day as that was me trying to position us for a breakout (which did happen as expected but not at the time I was betting on). When the breakout failed to occur, I hedged out to completely eliminate our earlier buy position at breakeven and another time with minimal loss. Any manual trades going forward will be leaning towards sell positions when we hit the top then down. I'm expecting the dollar to grow stronger in response to bad brexit news & positive Trump trade talks. EUR/USD should fall to 1.1200 and 1.118 levels in the coming days/week.
I'm also continuing to work on my Hamster trading system which will allow us to keep the default Hamster SL of 120 - 150 pips without needing to reduce risk. A HUGE improvement to current Hamster: once I have it fully programmed, we will have a completely automated system that presents the SAME trade accuracy as Sami's demo signal, same SL of Sami set but with LESS risk to equity in the account, with a varying profit factor (the range of daily profit will be slightly less than Sami's demo signal at times, to an average of Sami's demo signal at times, to as high as Eleni's Hamster turbo signal at other times [currently expecting that to be 1-2 times a week]). This will be accomplished by a collaboration of three separate EA's and will divide the capital in the trading account and allocate it to each EA in specific ratio amounts. I of course will also continue to apply risk management to the trading system as I have been doing for months now. This can be detailed as turning the entire trading system OR select parts of the trading system OFF before high impact news or during uncertainty in my future market prediction. I will also be more active in opening hedged positions IF we reach over a certain negative pip difference (when it breaks Hamster's trading accuracy statistical ratio of 11:1 [normally around 70 pips down-draw]). By doing it this way, applying risk management will be a lot easier since I would be applying a statistical indicator to any hedging opportunity.
This new trading system will NOT work with accounts of $50 and $100 since at these account balances, lot sizes will be opened at a minimum of 0.01 when it should be lower than that. This will cause unpredictable results for those with very small balances and potential Stop-Outs on the subscriber's account even though the signal provider account does well. As long as your account balance is near the minimum, you should be fine to follow, but anybody with $50 or $100 should either deposit more money, or stop following in general as the trades that will be opened on my account can over-leverge a tiny trading account very quickly. This is the primary reason why I'm looking to run this improved Hamster trading system on a new signal. Also considering this signal has received an unprecedented number of negative attention, I think recovering confidence is damn near impossible even after we recover our losses. I will still keep the current signal active for those who have lost out on money due to our recent stop-loss being hit and want to recover the funds as expected.
I've said this before, gains WILL be recovered on this signal. And even though I'd like to recover every penny of it tomorrow, it would be foolish wasting my time in the day trying to "chase" trades, whether it be a low risk strategy or high risk strategy. Recovering too fast is a big indicator of bad signal management which is why I will take a traditional approach of letting gains stagger up over the course of the month. After you regain your losses (which should be the same rate as everyone else), I will then advise everyone to switch over to the new signal I will have created since this current signal is pretty much toast in regards to garnering more support due to the negative reviews and Safety Dragon references I’ve been hearing lately. I’ve lowered the monthly price of the current signal to $30/month to make it easier for current subscriber’s looking to recover their losses the chance to renew at a reduced rate. I'm also in talks with MQL5 to allow me to issue out coupons to my subscriber's who experienced a Stop-Loss so they can re-subscribe for a new month at no cost. This is my decision and it may change over the month depending on the responses I get from these changes. If you have any thoughts or suggestions you want to see implemented in future developments, feel free to PM me!
Also take note, as we progress into the months of November, December, and January, we will experience more, and more volatility in the market and thus more unpredictable down-draws in our collective Hamster strategy. I will continue to work on the current Hamster upgrade and implement it as soon as I can, but until then, I have optimized our current Hamster settings set to weather these changing market conditions.
Long-term results is the strategy!