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!
Ritho posted: 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?
Yes , master account will survive, because it does not have 1000 USD but around 4.000, BIG, BIG difference ! Leverage is 1000 and not 500. As I said the problem is that in order to have more people in paying subscriptions he said that 1000 usd is ok, the result is that his master account will survive, but a lot of people will blew the account and lose capital and subscriptions cost too.
Mathild84, such a trading method cannot really work in the long run as the account will blow up sooner than later. The trader currently cant allow his myfxbook to update because it will show losses over $1000, which had even crossed $2000 till my account got wiped. The strategy is to wait till GBP gets better, but what if it doesnt? It means that the account will be downsized to zero because of the almost 100 buy GBPUSD open trades! Anyway, I had never blown an account before and had built this one to 2900 from 1000. I guess I got lured with the consistent returns without checking the style well so I am to blame. Though is feels awful to have paid $100 to have my account that I built for a long time destroyed within 12 hours
RobinhoodLane posted: @ffee Thanks. Of course I can't open 200 trades at the same time to recover losses. That's not the strategy. That would be Martingale which this strategy is not about. The strategy works on Supply and Demand Zones. After I get a confirmation on these zones, I place a good amount of positions but I have never exceeded 20 trades in one go. When I loose I just chill and wait for the next formation. No emotions whatsoever. And most importantly, preserve the capital to trade another day.
Guys what is this answer on Page 12 ? To me it seems that Fx Scalper has the same identity of RobinhoodLane 😀 quite suspicion. Any idea or clarifications ? Damn !😇
worse time since 9 months.... in 9 months i entered in 400 grid trades , didnt close a single grid trade in loss and......................... among 48 weeks ..i didnt close a single week in loss ...
just one wrong trade and made losses .dont worry guyz this loss can be covered in in 2-3 weeks :) be patience and be a team .. hard time has passed :) now can easily cover this loss. average profit per month is 500 $ . and loss is -500 % .. that means among 9 months just one month we loss and 8 months made profit ... i think this is good risk reward ratio +8 -1 = +7
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