Yes I did. Over 90 gbpusd buy trades were opened as the market continued going bearish. Well, the market went down almost 200pips as the gbpusd has been on a downtrend more than 3 months. No chance of survival there.
Ritho posted: I've been margin called then my account has been blown to 0 all the way from $2900! I had never blown an account all these years and the first time I subscribe to a signal it happens the same day! Almost 100 gbpusd buy trades at a go caused this. Anyway, lesson Learnt.
Are you jocking ? You really lost so much ? How can be possible ? Nowadays master account has just 5% of equity drawdown. Is that because you have a low leverage ??
Freewings posted: Ritho, very sad to hear that. I don't understand why the GBPUSD was chosen to trade? Every body knows the Pound is very unstable.
Hope you'll make up your loss soon.
Because strategy works on oversold and overbought and dont care to much on fundamentals. The hope is that cable come back to the upside, enough margin to open other 300 / 500 buy positions 😄 Go up cable... go up !! come on baby 😇 ahrg !!
Mathild84, you're absolutely correct. Averaging, which is this strategy, works very well close to borders. Still, some one some how lost their account and maybe like you said cause of low leverage. In either case it is not funny!
Mathild84 The leverage was 1:500. The account was new, specifically to match the signal provider requirements. If the cable drops another 200 pips, do you think anyone here will have a surviving account?
My advice is, stop trading any pairs of GBP . To do this , in SignalStart app, you guys can open settings tab, Then check all those GBPCHF, GBPUSD...to not allow any order with these pairs happen... And wait until Brexit is done. Good luck all!
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