It was great how FxPapa held onto that last GU sell trade and closed it for +27 pips! I thought it would close for only a few pips or at the most +10 pips, but it held out for the big gain...

   jcarre posted:
   Hi FxPapa,
My last trade on Gbpusd closed at 1.61130 instead of 1.60994 on your account. You said that the closing price may vary because of the different data of the brokers. Could you detail what could make such a difference. My broker is FXCC.


Hi

The reason is the big and sudden move of GBPUSD. I checked some of our clients accounts. The profits are different but the good point is that all had profit.

Regards

Yeah excellent gain earlier this week, +33.4 pips

Amazing stats, sir.

Cbuilder,

FxPapa uses a grid system in 2 currencies. It opens 1 position, GBPUSD or EURUSD. If it moves about 60 pips against the trend, it opens a 2nd position, same currency always. If it continues to move against the trend, it will open a 3rd position. If it continues to move against the trend, it will close all positions in loss, losing the risk you set in your account. If you set 15, you will lose 15% of your account. The good news is that FxPapa rarely opens 3 positions, it wins in 1 or 2. If you check this real account, you will see FxPapa opened 3 positions only once in about 6 months and was able to recover, closing the whole set (3 positions) in profit. When there are more than 1 position open, same currency always, it will close as soon as their sum is in profit or is close to zero. As far as i know it will not trade on Fridays. It may happen (it happened to me once) that FxPapa closes in small profit (typically 2 positions) and I have a small loss. I have been using the EA since December and this is a very good product in my view, you call me a happy client. The gains are close to the ones FxPapa has if you don't intervene.

Regards
Fabio