Dear Cyberryder. The reason of the high drawdown on your 'maybe' BMFR account is easy and with your last post on you own system site you gave the answer. The problem of your high drawdown causes in the fact that you withdraw 500 euro from the initital 1k deposit and you did not informed us about the transfer. In our Terms are clearly written 'Before any deposit on- or transfer any money from an active account which has open trades the client must inform Broker Monster Forex Robot before the transfers are done. Otherwise the system will maybe miscalculate active or future trades because of the unreported change in account balance. '. This is the reason why you have so a high drawdown when compare with the other client accounts or our own account... Sorry this is not our fault.
Cyberryder's draw down is 70%, but even if you half it because of his withdrawal, it is still a substantial 35% floating draw down. Your own floating draw down is around 35%. That is a lot and it can keep on getting bigger if the losing trades you have open (hidden to us) keep marching in the direction opposite their entry price.
Dear Falcon. It seems that you have absolutely no experience in forex trading! Do you really think you can reach an outstanding performance of 282,47% in less than 5 month without taking any high risk? This is exactly what we have done! We catapulted our account with actually outstanding 282,47% with YES ONLY 35% Drawdown which is not very much for that performance!
PERFORMANCE and RISK have a deep relationship! High performance aims mean high risk and vince versa...
Please don´t judge us for the chosen risk of clients! You can trade our robot with very small risk by open an account with 10k and only trading 0.2-0.4 lots per trade... or you can open an account with the minimum account size and the minimum lot size of 0.1 lot per trade and you have the highest risk just from the beginning... Up to you and up to your investing style... but all this has nothing to do with the quality of our fore robot!
Our forex robot uses NO GRID, NO MARTINGALE and no other high risk trading strategy... We use safe trade styles and sometimes complex hedge styles... In the long term we make huge profits and also the actually open trades will be hedged if we get in trouble with them and at the end we will close them in BE or in profit... like every time, it only needs some time...
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.