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Wai Choi Chow  

Trading in the forex market during December and January presents unique challenges that newcomers should be aware of due to potential risks. Here are key factors to consider:

  1. Reduced Liquidity:

    • December and January often see reduced market liquidity as institutional traders and investors take holiday breaks.
    • Lower liquidity can lead to wider spreads, increased price slippage, and a higher chance of unexpected and rapid price movements.

  2. Holiday Periods:

    • The forex market observes holidays worldwide during this period, resulting in thinner trading activity.
    • Traders should be mindful of specific holiday schedules for major currencies when planning their trades.

  3. Year-End Adjustments:

    • Financial institutions and hedge funds may engage in portfolio adjustments and profit-taking toward the end of the year.
    • This behavior can increase volatility and cause unpredictable market movements, making it challenging for traders to anticipate and react.

  4. Unpredictable News Flow:

    • Although there may be fewer scheduled economic releases during the holiday season, unexpected news events can still occur.
    • Thin market conditions can amplify the impact of such events, leading to sharp and unpredictable price movements.

  5. Risk Aversion:

    • Traders and investors often adopt a more risk-averse stance during the holiday season, particularly in the final weeks of the year.
    • This caution can result in decreased trading activity and more conservative market behavior.

  6. Year-End Market Closeouts:

    • Some traders and funds close out positions at the end of the year for accounting and tax purposes.
    • This activity can contribute to increased market volatility and unpredictable price movements.

For this reason, this bot will temporarily not open any orders from December 15th to January 15th.


It's crucial to avoid becoming overly greedy during this period, as market conditions can be challenging. As someone with extensive experience trading FX, stocks, indices, and more, I recommend exercising caution and being mindful of these factors.


Wai Choi Chow  

Deep Pound Instructions

  1. Allow Auto Trading and Add the address "https://deeplearningea.com/" in the list of allowed URLs in the tab 'Expert Advisors'.

                     

  1. Load EA on GBPUSD and Any Timeframe (for example: H1) and set Symbol Prefix or Suffix if your symbol has one of them like the screenshot.

                     

  1. Change the "Risk" according to your preference. By default, MEDIUM.

  • VERY_SAFE: 0.01 lots per 2000 USD, MAXIMUM DD: 2%, PROFIT: 1 - 3% per month. Aptitude for Prop Firm Real Account. 
  • VERY_LOW: 0.01 lots per 1400 USD, MAXIMUM DD: 3%, PROFIT: 2 - 5% per month. Aptitude for Prop Firm Real Account.
  • LOW: 0.01 lots per 1000 USD, MAXIMUM DD: 5%, PROFIT: 4 - 8% per month. Aptitude for Prop Firm Real Account or pass Challenge stages.
  • MIDDLE: 0.01 lots per 600 USD, MAXIMUM DD: 9%, PROFIT: 7 - 10% per month. Can be useful to pass Prop Firm Challenge stages or for 10K+ USD real accounts.
  • AVERAGE: 0.01 lots per 400 USD, MAXIMUM DD: 15%, PROFIT: 9 - 13% per month. Aptitude for 10K+ USD real accounts.
  • MEDIUM: 0.01 lots per 200 USD, MAXIMUM DD: 25%, PROFIT: 10 - 17% per month. Aptitude for 1K+ USD real accounts.
  • HIGH: 0.01 lots per 100 USD, MAXIMUM DD: 50%, PROFIT: 15 - 20% per month. Aptitude for 500 - 1K USD real accounts.
  • VERY_HIGH: 0.01 lots per 70 USD, MAXIMUM DD: 70%, PROFIT: 17 - 30% per month. Aptitude for 300 - 500 USD real accounts. 
If you are going to use this bot on Prop firm accounts, we highly recommend you to use VERY_SAFE or VERY_LOW.

                      

Wai Choi Chow  
Risk level was upgraded by adding SAFE risk on 1.1 version
  1. Change the "Risk" according to your preference. By default, MEDIUM.

  • VERY_SAFE: 0.01 lots per 3000 USD, MAXIMUM DD: 1.5%, PROFIT: 0.5 - 2% per month. Aptitude for Prop Firm Real Account. 
  • SAFE: 0.01 lots per 2000 USD, MAXIMUM DD: 2%, PROFIT: 1 - 3% per month. Aptitude for Prop Firm Real Account. 
  • VERY_LOW: 0.01 lots per 1400 USD, MAXIMUM DD: 3%, PROFIT: 2 - 5% per month. Aptitude for Prop Firm Real Account.
  • LOW: 0.01 lots per 1000 USD, MAXIMUM DD: 5%, PROFIT: 4 - 8% per month. Aptitude for Prop Firm Real Account or pass Challenge stages.
  • MIDDLE: 0.01 lots per 600 USD, MAXIMUM DD: 9%, PROFIT: 7 - 10% per month. Can be useful to pass Prop Firm Challenge stages or for 10K+ USD real accounts.
  • AVERAGE: 0.01 lots per 400 USD, MAXIMUM DD: 15%, PROFIT: 9 - 13% per month. Aptitude for 10K+ USD real accounts.
  • MEDIUM: 0.01 lots per 200 USD, MAXIMUM DD: 25%, PROFIT: 10 - 17% per month. Aptitude for 1K+ USD real accounts.
  • HIGH: 0.01 lots per 100 USD, MAXIMUM DD: 50%, PROFIT: 15 - 20% per month. Aptitude for 500 - 1K USD real accounts.
  • VERY_HIGH: 0.01 lots per 70 USD, MAXIMUM DD: 70%, PROFIT: 17 - 30% per month. Aptitude for 300 - 500 USD real accounts. 
If you are going to use this bot on Prop firm accounts, we highly recommend you to use VERY_SAFE, SAFE, VERY_LOW or VERY_LOW.

                                        

  1. If you purchased Deep Pound MT4, it has Keep Consistency Rule option for Prop firm funded accounts. Some prop firm companies have Consistency Rule, if you set it true, it will close all trades with same lots size. But unfortunately, Deep Pound MT5 doesn't have its option. A little bit hard to implement it on MQL5.