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Forex Equity Protection at 1 (By RedRhinoFX )

The user has deleted this system.

Forex Equity Protection at 1 Discussion

frank
RedRhino
Jan 27 2015 at 03:58
471 posts
Cutting your losses will be the most important rule in trading Forex. It is best to have this rule out of your hands and built into the trading platform, trading system, or software that runs out of reach from the trader. It is the easiest software to use and to implement but rarely used by traders. Whether you trade with Forex Equity Protection or not, it is not debatable in my mind.

This software is free for MT4 and cTrader platforms. Download here - https://redrhinofx.com/forex-equity-protection/

How to use, You select your maximum open drawdown limit and the software will close your open positions once you have reached your limit. It is the same concept of using a stoploss on every trade but allows you to save your risk capital at a predefined level regardless of your position size and how many orders you may have open. From my experience, it is easier and faster to trade with a Fat Finger than adjust stoplosses based on your position size and number of open orders.

Enjoy the freeware.

This trading account includes a 1% Equity protection. If the Equity Protection is reached, all trades are closed and trading stops for that day.


frank
RedRhino
Jan 31 2015 at 19:29
471 posts
1% Equity Protection limited my potential loss while allowing the green to grow.

frank
RedRhino
Feb 06 2015 at 11:45
471 posts
I trade within a 1% Drawdown limit therefore I can never lose more than this amount. Since I trade within this tight risk criteria you risk 5 times more to escalate your gains 5 time my return (if thats what you need). I am happy with 3-5% a month and anything above this amount would be a tremendous achievement.

I believe that any investment should be focused around Risk Vs Reward and any system that doesn't fall under a positive reward for an equal risk should be avoided. Sign up here - https://redrhinofx.com/mt4-signal/

frank
RedRhino
Feb 15 2015 at 07:38
471 posts
Lastweek resulted in several 1 percent losses before locking in profits to earn 3x the risk of 1. Recovered losses and reached new HWM.

frank
RedRhino
Feb 16 2015 at 14:16
471 posts
Here is another account with more trading history of manual trading - https://www.myfxbook.com/members/RedRhinoFX/ctrader-manual-tw/1137715

This account is on cTrader Trading platform and I would like this account to be my master account but I can't find a trade copier. I would like to use SimpleTrader but their system doesn't work yet. I did find a trade copier for MT4 that can send trades to cTrader platform and I will use this to bridge my two accounts together. The software is free and located - https://ctdn.com/algos/cbots/show/515

flinares48
Feb 16 2015 at 14:57
1 posts
RedRhinoLab
Feb 26 2015 at 12:10
631 posts
AUDUSD has been a tricky currency pair this last week. Maybe we can expect it to break the range and start moving into a bullish trend with higher lows.

RedRhinoLab
Mar 03 2015 at 06:12
631 posts
Now offering Automated signals from two trade copiers.

RRFX: In-House Trade Copier for the fastest execution and one Network trade copier using FXblue Trade copier. The in house trade copier does not require you to use VPS or keep your platform running and the cost is only 99.

https://redrhinofx.com/product/automated-signals-rrfx/

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