To the Moon (By geppy)
The user has deleted this system.
To the Moon Discussion
Nov 12, 2016 at 20:01
335 Views
0 Replies
Nov 18, 2016 at 18:57
INTRODUCTION
I'm an experienced forex trader and blogger (www.forexmademillionaire.com).
Updates to this signal can be found here: https://www.forexmademillionaire.com/category/forex-signal-service/.
I have a day job, but forex trading is a lucrative hobby. I used to run a trading group but my wife and I recently had our first child, and I no longer have the time to dedicate to an educational group. But I'm hoping to still offer other traders the benefit of following my trades.
THE SYSTEM
I am a manual trader. I've never used an EA and never plan on it. I've been around long enough to see EA's come and go... they work until they don't (market conditions change). But an experienced discretionary, manual trader should be able to do well in all market conditions.
RISK
I'm a firm believer in controlling risk and using proper money management (I know, what a concept!). In theory, this is simple. But most traders struggle on a psychological level to stay disciplined. I know because I've been there years ago.
I risk 1-2% of my account balance per trade entry. My goal is to keep drawdown to a minimum while still making solid gains on a monthly basis. I trade with Oanda on just 50:1 leverage. Those that tell you 100:1 or more leverage is necessary to be profitable are out of their mind.
SUGGESTED STARTING BALANCE
I started this account with a balance of just $400 to prove that you don't need a huge account to create large gains. That was a mistake, because MT4 requires a minimum 0.01 lot size. I always like to size my lots on a 1:1 ratio with my account balance. For this reason, I recommend a starting balance of no less than $1,000.
TRADE SIZE
Each trade entry is equal in size to the account balance rounded to the nearest $1,000. That means with a $1,000 starting balance, you'd be trading 1,000 units per entry (or one micro lot). If you are trading a $10,000 account, you'd be trading 10,000 units per entry (one mini lot). To trade one standard lot per entry, you'd need an account size of $100,000 -- you get the idea.
This rule keeps things simple for signal followers, giving you a guide on how to balance trade size with account size. I will not up my trade size until the account balance is at $2,000 in which I'll start trading 0.02 lots per entry, or if the risk on a particular trade can stay under 1% while sizing up to an additional 0.01 lot. Please follow these guidelines.
PRICE
The signal is currently being offered at the lowest possible price SignalStart allows ($30), but I may increase the price in the coming months.
QUESTIONS
If you have any questions regarding this signal, please email me at: [email protected] -- I'm happy to answer anything or add to this description for the benefit of others.
I'm an experienced forex trader and blogger (www.forexmademillionaire.com).
Updates to this signal can be found here: https://www.forexmademillionaire.com/category/forex-signal-service/.
I have a day job, but forex trading is a lucrative hobby. I used to run a trading group but my wife and I recently had our first child, and I no longer have the time to dedicate to an educational group. But I'm hoping to still offer other traders the benefit of following my trades.
THE SYSTEM
I am a manual trader. I've never used an EA and never plan on it. I've been around long enough to see EA's come and go... they work until they don't (market conditions change). But an experienced discretionary, manual trader should be able to do well in all market conditions.
RISK
I'm a firm believer in controlling risk and using proper money management (I know, what a concept!). In theory, this is simple. But most traders struggle on a psychological level to stay disciplined. I know because I've been there years ago.
I risk 1-2% of my account balance per trade entry. My goal is to keep drawdown to a minimum while still making solid gains on a monthly basis. I trade with Oanda on just 50:1 leverage. Those that tell you 100:1 or more leverage is necessary to be profitable are out of their mind.
SUGGESTED STARTING BALANCE
I started this account with a balance of just $400 to prove that you don't need a huge account to create large gains. That was a mistake, because MT4 requires a minimum 0.01 lot size. I always like to size my lots on a 1:1 ratio with my account balance. For this reason, I recommend a starting balance of no less than $1,000.
TRADE SIZE
Each trade entry is equal in size to the account balance rounded to the nearest $1,000. That means with a $1,000 starting balance, you'd be trading 1,000 units per entry (or one micro lot). If you are trading a $10,000 account, you'd be trading 10,000 units per entry (one mini lot). To trade one standard lot per entry, you'd need an account size of $100,000 -- you get the idea.
This rule keeps things simple for signal followers, giving you a guide on how to balance trade size with account size. I will not up my trade size until the account balance is at $2,000 in which I'll start trading 0.02 lots per entry, or if the risk on a particular trade can stay under 1% while sizing up to an additional 0.01 lot. Please follow these guidelines.
PRICE
The signal is currently being offered at the lowest possible price SignalStart allows ($30), but I may increase the price in the coming months.
QUESTIONS
If you have any questions regarding this signal, please email me at: [email protected] -- I'm happy to answer anything or add to this description for the benefit of others.
*Commercial use and spam will not be tolerated, and may result in account termination.
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