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This Trading system is the same system found here, however, we have changed the lot size in order to reduce risk and drawdown.
http://www.myfxbook.com/members/TrendySystem/trendy-system-1/181449
If you want to sign up for the signals of the Trendy System to be sent directly to your MT4 and view our weekly Trading Calendar you can sign up here:
http://www.forex-trade-signals.net
It is free to signup for this during our beta phase which will last for the next 6 months.
Kind Regards,
Shawn O'Connor
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Greetings!
No we haven't changed our strategy. And this is the problem. We are trading this test account with a larger size 1 full lot on a 3,000 dollar account. We thought that perhaps we could pull this off. The fact remains this is way to risky and we saw one of the most volatile and unpredictable markets last week since 2009. Therefore we are changing our strategy now to use Trendy signals with a much smaller lot size. This will safeguard our system during very unpredictable conditions.
Therefore, the signals are good, but the drawdown must be much less. So we have change our strategy to......
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I have had a few people request our services for managing their accounts. However, at this time we are not offering PAMM services.
However, if you want to follow/copy our Trendy trade signals you can get more information about how to do so on our website:
www.forex-trade-signals.net
Kind Regards,
Shawn O'Connor
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As you can see the platform technial mistake that caused Aud/Usd position to stay open was managed nicely for a small win. In the future hard stops on the broker side will be used to help defend against this happening again.
Regards,
Shawn
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yeah that position was supposed to be stopped out at 2% drawdown. At this point we aren't sure why the EA didn't close the position. From now on we may have to use hard stops rather than relying on an EA to close positions.
For now we are debating whether to cut the position lose or carry it for a more long-term trade. Generally we don't like to hold position for more than 5 days but for this one we may have to carry through the month.
This shouldn't happen again as we will most likely make the switch to using our brokers hard stops after this issue with the EA.
Regards,
Shawn
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Thanks, feel free to continue to track our trades. We are setting up a website to help give more information on this system.
Regards,
Shawn O'Connor
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Hi Paco,
Your suggestions are welcomed. We usually don't trade on Fridays using this System. On rare occcasions we will and leave a position open over the weekend.
As far as safety stops go, I personally like them. However, I have a team member that strongly believe that they are still dangerous because of the volatility of the market and getting a spike in the direction of a stop could encourage brokers to push that spike as much as they can just to trigger the stop. Therefore for safety purposes we generally keep an eye on the drawdown and have a hidden SL between 3% to %5 drawdown. As yo......
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