The big question for me is the fact that there was 14 open trades at approx 125 full lots on a $35k account, and thats why you need 1:1000 leverage and thats not only way over leveraged but extremely high risk.
He also made half of his profit on this one day of trading, which also turned out to be a huge trending day.
This account is way out of control, profit went from +$75k down to -$10k which is a loss of -$85k for one day of trading, which also went the draw down way up to 48%.
When you take a look at the Huge lot sizes its no wonder it lost a huge amount of money. It would be nice to see this Arbitrage EA run with a reputable broker like IC Markets or Pepperstone or Tickmill, with proper MM and lot sizes and see what it can really do.
This FBS broker with 1:1000 leverage is a pure market maker and bucket shop, which is not the best broker to be testing on.
Here is the link for there Arbitron account at Forex Peace army, scroll down and you will see a draw down of 118%. This is what happens when you use a broker like FBS, and you over leverage each trade at 1:1000 which this FBS broker offers.
He keeps showing many different accounts all with FBS, but until I see a live forward test with a real or decent broker, its not worth the effort to buy this EA.
There's that's not true. You need to learn more about how the DD is calculated on that page. If it was 118% drawdown , it have killed the account. It was 48% DD, NOT 118%. And second, that's a HIGH RISK account.
Not all our accounts stopped. We start news, clients start new ones, etc. When profits are very high we tend to switch accounts on same broker, or test another broker, just to avoid any broker slow downs of trade execution. It's not necessary when aiming for a little lower returns.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.