FX Money Machine Discussion

Hi Steve

By reading further on your communications above I find out that
with US$ 2,000.00 on my account I must set the multiplier coefficient
at 0.2 is this correct?

Where do I find the multiplier coefficient?

Thank you for your kind support,

Bernard

Layou posted:
Hi Sgbdis, I tried to send u an email thru the email system but I did find your user ID, how can I get in touch?

Hi,

You get in touch with me directly on email [email protected]. Thanks.

Regards,
Steve

bguguen posted:
Hi Steve

By reading further on your communications above I find out that
with US$ 2,000.00 on my account I must set the multiplier coefficient
at 0.2 is this correct?

Where do I find the multiplier coefficient?

Thank you for your kind support,

Bernard

Hi Bernard, with that size of account I would use lot multiplier of 0.2, no more. It is important you have the correct leverage.

Click on autotrade and you see a list of your linked accounts. Press manage, then at the bottom of the screen you will find the lot multiplier setting.

Regards
Steve

We are already 567 pips in profit for September. Last month we made a massive 2714 pips profit.

equity balance increased by 16% this month

My account has 1000 usd ... What multiplier value do I use ... And how come the equity is going down so fast ??? All open trades are losing ... Shall I quit or what ... Already lost 50 usd on equity so far ??

Hi,

Drawdown is at 10% at the moment. On $1000 pls set the lot multiplier at 0.1. If your risk profile is more risk averse, pls use 0.1 for every $2000 but profits will be half of what we do. You are probably highly leveraged if your equity is going down fast. $50 on a $1000 is a mere 5% drawdown. I wouldn't be worried that much. This account is slightly aggressive and has seen drawdowns of 25% 3 times since the launch back in April. But look at the profits. Who gives you 274% returns in just 5 months and you are worried on 10% drawdown.

The best hedge funds work on 2.5 times ratio of returns vs drawdown. But to keep drawdown consistent and low (around 12%) your profits suffer. So with 12% drawdown, hedge funds work out that profits will be around 30% per year. Yes per year.

Chill out and let the trades take their time. If at any time I feel that we have bad trades, I will hedge them or close them.

regards,
Steve

thanks steve ...
i am kind ok new to this .. thats why i am a bit tense ...
i used to trade forex back in 2003 .. but niw i forgot everything :-)
i see most of theloss came from the eur/usd drop ,, but i see u believe it will reverse , right :-)
i will just sit back and watch :-)
as fot the multiplier ... it set it to 0.1 .. but the multiplier states that my hypotheical profit will be 10 % of your profit by this setting .. pls advice :-)

yes that is fine. It's very low risk so chill out and relax. Let the FX Money Machine do the work for you.

Drawdown is still in control. 10-12% is not too high to stress you.

https://www.myfxbook.com/members/sgbdis/fx-money-machine/640600

Still top of autotrade after 3 weeks. Gains since April +281%. Pips made so far this month +925 pips. Drawdown is under control at 12%.

Weekly charts and analysis: https://capital3x.com/think-tank/weekly-charts-and-analysis-point-and-figure-8-sept-2013-the-pole-reversal-on-dollar/

Free access.

we have exceeded 1000 pips already this month. Join us on autotrade. Drawdown is currently 1%.

You don't seem to be getting many live subscribers, how much longer will you run your system on here ?
like others, I only have a relativly small ammount to trade and capital3x's fees and account minimums would take me out of the game !

Hi Steve,

I have only started autotrade about 3 weeks ago. Live subscribers I have 42 but demo subs have exceeded 400 already. These demo accounts will soon come to their senses that this system is real and they should switch to live to start making some money.

You're welcome to join. The system will run for a few months. Then I will have other options. Keep in mind that I do follow all C3X trades but slightly more aggressive and I alter my risk from time to time which I feel is right depending on market conditions. Some trades are also mine.

Regards
Steve

Hi Steve,

I'm a demo subscriber and I have noticed multiple open positions on same price. It is ok? Or just autotrade somehow copies same trades twice or three times.

regards,
Aladar

Hi Aladar,

Yes it can happen. You should have 16 trades and one pending order open.

BR
Steve

I see. I basically understand the concept how the trade works. 😄

Dear Steve ,
I would like yo thank you for the proper management of the account so far .. Although I was a bit worried at the beginning ... But after seeing your trades and forecasts i see u professional enough to make things go fine. I have just noted that you keep winning trades open for a bit long though .
Also I noticed that you said in an earlier comment that u r running this system for a few months only ??? Although u started live trade few weeks ago as u said !! Or u will be going separate or what !!?
Cheers :-)

Hi,

My idea is to run this autotrade for a few months depending on the income it generates. To do this I need a good number of live accounts.

Till now the feedback from subs has been good but you need to be patient with drawdowns. I mean leverage has to be in control at all times. Keep the lot multiplier at 0.1 times with every $1000 in the account and your leverage is safe. You need to be self disciplined and not look at profits as drawdowns will bite if leverage is out of place. I would only start to be worried if drawdown exceeds 20%. It happened in rare cases when my trades are slightly ahead of the market. Until then chill out and enjoy the profits.

Regards,
Steve