To use chat, please login.
Back to contacts

QFX Signals_Daily Profits (By forex_trader_[565984] )

The user has deleted this system.

QFX Signals_Daily Profits Discussion

Aug 16 2019 at 14:32
144 posts
To copy trades of the system follow the link:

Contact email:

Aug 16 2019 at 14:32
144 posts
System description:
1.Monthly return: 300% (approximately)
2.Maximum Floating Equity Drawdown: 50%
3.Maximum total Drawdown: 100%
4.Minimum Balance Required: 250 USD or 250 USD cent(2.5 USD in a cent account)
5.Maximum Simultaneous Open orders: 200
6.Minimum Required Leverage: 500

Risk Warning:::
This is a very high risk grid trading system and hence, by using this system you are putting your entire account balance at risk which can be wiped out at anytime and so to protect your account balance make sure to withdraw profits from your account frequently either every day or every week.

Aug 17 2019 at 08:21
144 posts
This system works in a little more aggressive way to give more trades as compared to my previous system. Because even though there was very little to no movement in the markets last week, last week the system has made a reasonable profit of around +22.73% and 694.40 pips.

This systems works best during highly trending markets and places very high number of trades. But even during low movements still it can place and close few trades in profit to maintain a smooth equity curve.

I will explain more details about this system and a comparison about my two systems in my future posts.

Aug 18 2019 at 08:38
144 posts
QFX Signals_300% Monthly Vs QFX Signals_100% Monthly:
1.Risk per trade:
The main difference is the risk. The risk % per pip used in 'QFX Signals_300% Monthly' is around 8 to 10 times more than 'QFX Signals_100% Monthly'. So there is a very high chance that the account may reach the maximum floating equity during sudden market movements and so I have used a 50% protection of account equity in 'QFX Signals_300% Monthly'.

However, 'QFX Signals_100% Monthly' uses a very low risk % per pip and hence, it is very very difficult to reach the maximum drawdown of 50% to 70% with only very few exceptions like sudden currency crashes of 1000 pips or more etc.

But even to tackle such sudden market events also I have used maximum precautions in the strategy to cause minimal damage or loss to the account.

2.Strategy used:
Both the systems use similar grid strategy, but the trade entries and exits are completely different and hence, nothing to be confused here. These are completely 2 different trading systems with different trade entries and exits.

The frequency of trades in 'QFX Signals_300% Monthly' will be much more as compared to 'QFX Signals_100% Monthly' so that irrespective of any kind of markets the system 'QFX Signals_300% Monthly' will place at least few trades almost everyday with few exceptions where as 'QFX Signals_100% Monthly' doesn't place too many trades and it can trade around 1 to 2 days in a week and remaining days it may stay silent with no trades or even it may not place any trades for entire weeks.

3.Minimum Required Account Balance:
The 'QFX Signals_300% Monthly' can be used with account balance of 250 USD, but for safety I have recommended 500 USD to start with.

However, since 'QFX Signals_100% Monthly' uses a very low risk per pip and hence, it is required to start with 2000 USD or more.

If I will find any more difference between the systems, then I will post in my future posts.

Aug 19 2019 at 14:29
144 posts
Like I mentioned in my previous posts, this system trades a little aggressively and places at least few trades even during very low volatile markets and hence, as expected it closed 3 trades today with a net profit of +1.06%, but the other system till now didn't have any trades.

I need to wait and see for new trades for both systems.

Aug 20 2019 at 15:30
144 posts
Markets continued to move under range bound conditions and so no trades for today for both the systems. It is better to stay safe by not trading rather than trading and closing in loss or entering in big drawdowns.

I am not going to make any changes to 'QFX Signals_100% Monthly', but after looking into the results of 'QFX Signals_300% Monthly' for this month I might do some adjustments to increase the frequency from next month if it will be safe to do so.

By the way, I want to mention that both of my systems trade in more than 26 currency pairs and no entries satisfied for 26 pairs means there is too much noise in the overall forex market.

Aug 21 2019 at 11:39
144 posts
Please note that now the system targets around 100% per month and not 300% per month, but I can't change the name of the signal since it is not possible to change the name of the signal in SignalStart and hence, I don't want to change it in myfxbook.

But the minimum starting balance is 250 USD and monthly return will be around 100% or more with very less trades and efforts as well as during any kind of market conditions it can be achieved very easily and safely.

Aug 22 2019 at 13:08
144 posts
I am adding this comment again since it was ignored by myfxbook previously.

I have added additional conditions during trade entry of this system to tackle news events. The major drawback of such grid systems is whenever there is a sudden news event happens, a large number of trades get placed and it either reaches the maximum drawdown and closes all trades or simply wipes out the complete account balance.

In this system, I have already used a maximum negative drawdown protection of -50% for floating equity. But still I was not satisfied with this since it could have happened at anytime with news or without news events. So I have made perfection to the entries to tackle such scenarios much better and only time will tell how everything goes.

By doing so, the number of trades may reduce a little bit, but it will overall protect the account equity during worse scenarios and still it is placing some trades like it placed 1 trade today.

I will continue to improve the system on daily basis to make it achieve at least 100% per month or more which in my experience is easy to achieve provided if the sudden news events will not negatively affect the account balance too much and I will keep updated to all who are following this system.

Aug 22 2019 at 14:46
144 posts
After long time almost more than a week today market has shown some good movements. So today as expected the system has placed more than 70 trades and closed with a healthy profit.

If anyone following the system, then he can notice that during flat markets it almost doesn't place any trades where as it places a lot of trades when markets are highly trending and volatile. So you need to be patient during flat markets and wait till good trading opportunities come to place trades and make profit.

Aug 22 2019 at 15:49
5 posts
is it ea trading? can i buy it?

Please login to comment .