*** 1. Current parameters. - Equity range: $0 to $400. - Lot size per trade: 0.1 (see 4. Important note ). - Profit target per trade: $1. - Currency pair: USD/CAD.
*** 2. About the strategy. - Fully automated trading. - Only 1 pair traded. - 1 buy transaction and/or 1 sell transaction at a time (see 3. Enhanced trading ). - Do not modify or delete manually the trades. - No S/L or T/P used. - 2-3 trades per day in average. - High leverage recommended. - The profit target per trade is $1 per $200 equity in the trader's account as shown in the CSV table below:
*** 3. Enhanced trading The trading strategy used can open only one buy trade and/or one sell trade at a time. However in order to minimize the loss the strategy uses an enhanced Martingale system consisting in opening pending orders in case the price goes against the original trade. These pending orders are activated when the price reverts, so that their profit is cumulated when the price comes back eventually matching up the loss created by the original trade. When this happens the all trades are closed with a profit. See a real example in the CSV table below:
InstaForex has the particularity that one standard lot is worth 10,000 currency units instead of the usual 100,000. Therefore at this broker the strategy is obliged to trade 0.1 lots per every $1 profit target on each trade rather than the usual 0.01 lots, which is what would be used if the broker had a contract size of 100,000 currency units. Please keep that in mind when copying trades so that you are not opening a high volume size (example: 0.1 lots traded must be copied onto your terminal as 0.01 in order to maintain the same risk/reward ratio).
TRADING FOREX INVOLVES RISK. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. TRADE AT YOUR OWN RISK.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.