Ophiuchus Diskussion

Why is the DD showing as more than 50%, while on the DD charts and Signal S has never gone above 10%

This system is confusing me

1. Myfxbook says 58% DD, but it doesnt show when, as max is arounf 12% in the DD summary page
2. Signal Start says 34% DD: again the summary page.shows max.of 7.5%, while May trading data is missing, when the DD was at its Maximum, as per MQ4
3. Mq4 shows 70%: this was in May 21.

Is anyone invesred.in this system and can share their understanding.

Hi Manubajwa and Croisssan,
Thanks for your comment and interest. We couldn't explain why all three systems are tracking differently on our same Ophiuchus account. But there are some situations that we can explain.
About the May 2021 data is missing in Signalstart one. Around May that time we realized SignalStart didn't continue to track our account live performance. We reported the issue to them and they fixed it, but then the may data is missing.
We registered myfxbook and Mql4 at almost the same time but then we only register Signalstart a few months later. Hence, myfxbook and mql4 will have more complete data.
For the drawdown, it depends on how sensitive is the system to track our account. As the drawdown can be just a short while, the less sensitive system might not track as accurate it is.
For Ophiuchus EA, it is a martingale strategy system. Hence, it is high risk and will have a big draw down from time to time. Our recommendation for our client is to get back the capital first and normally it will take around 6 months ( assuming you are running our EA, copy trade might have other cost) to get back full capital, and then you can use the profit to run where it will be a risk-free trading. For more information, you can refer to our website -> https://limitless-trading.com. Thanks.

Hi All,

Please take note that we will stop Ophiuchus EA from trading from 23 Dec onwards (after all order is closed) till the first week of January due to low trading volume and it is vulnerable for manipulation.
You can refer there for more information on why we do that every year -> https://limitless-trading.com/trading-knowledge/forex-trading-in-holiday-season.html

Sorry for the inconvenience caused. We want to protect our clients capital from this low profit and high risk period.

Regards,
Limitless Trading

Hi All,

Please take note that we will stop Ophiuchus EA from trading from 15 Mar onwards (after all order is closed) till after the FOMC meeting on 15-16 March.

You can refer here for more information -> https://limitless-trading.com/market-update/eurusd-market-update-22-mar-2022.html

We want to protect our client's capital from this volatile period.Thanks for your support.

If you are interested to receive our upcoming update, please subscribe to our mailing list -> https://limitless-trading.com/join-our-mailing-list.html

Regards,
Limitless Trading

Hi All,

Thanks to all the supporters for following our Signal. If you realized that we have stopped Ophiuchus from trading yesterday and only have a few trades today, the reason for this stop is as folllowing:
- Recent US economic data all showed that the US economy is cooling down. It proved that the rate hike managed to cool down the economy.
- However, the key is inflation and wages hike. If upcoming inflation is under control, then USD might turn bearish quickly. However, if inflation is out of control, then rate hikes will continue and might be more aggressive. That will make the USD bullish.
- Euro economic data is showing good progress. and it might be time for EUR to have a rate hike to cool down their economy and inflation.
- Now EURUSD is around the range of covid low, where is around 1.063-1.067, and the direction is not clear at all.

With all the uncertainty above, we decide to be more cautious for our clients. You will notice it will have very low or no trading for these two day. We plan to wait till Friday for PCE data from the US to decide on the next step. Please be patient. :)

Regards,
Limitless Trading

Hi All,

Thanks again to all the supporters for following our Signal, We have stopped trading again for the FOMC meeting and most likely will only resume after 17 June when the market is more stable.
Refer to more information below.

After an unexpected rise in CPI last Friday, USD turns bullish again. It is a sign that US Federal Reserve might not able to control inflation.
June FOMC Meeting is coming next week.
What should you do for this FOMC Meeting?
Read more at https://limitless-trading.com/market-update/eurusd-market-update-11-jun-2022

We also created a few new articles, which will help our followers to understand how to be successful using the martingale strategy.


After talking to so many clients and running our Martingale strategy for almost 3 years, we decided to put together key success factors for trading Martingale's strategy. We strongly recommend all our clients to read in detail as this will give you a better chance to be successful in trading.
Read more at https://limitless-trading.com/trading-knowledge/key-success-factors-for-martingale-strategy

Some new articles are below too.

If you are looking for reliable and cheap VPS, look at what we just found recently. You could get a VPS server as low as USD10 per month.
Get Cheap VPS at https://limitless-trading.com/cheap-vps-for-forex-ea

ECB Interest Rate Decision meeting is next week while FOMC Interest Rate Decision falls in the last week of July.
This will be the first time in this decade to see both of them raising interest rates at the same time. This is also the first time to see Euro move from negative interest to positive interest. It is certain that this is going to be very volatile for two weeks. -> https://limitless-trading.com/market-update/eurusd-market-update-17-jul-2022

We will stop Ophiuchus and Limitless EA from trading when near to ECB meeting and FOMC meeting.

EURUSD started to drop again last week and it seems to be in the process to retest the 52-week low of 0.9952. Jackson Hole Meeting, the annual global central banking conference is coming this in this Thursday 25 Aug till the weekend of next week. As usual, we want all our clients to be cautious about this Jackson Hole Meeting. Refer here for our latest market update for Jackson Hole Meeting -> https://limitless-trading.com/market-update/eurusd-market-update-21-aug-2022

If you haven't registered your email to receive updates from us, please register now as we will use this as the main communication channel to all our clients in the future. Register here -> https://limitless-trading.com/join-our-mailing-list

We will stop Ophiuchus and Limitless EA from trading when near to Jackson Hole Meeting

With more hawkish comments from US Federal Reserve members, the EURUSD dropped below parity again this week. Next week on 8th September 2022, it is again ECB (European Central Bank) Interest Rate announcement and we should expect it will be a volatile week for EURUSD. Read here for more information and our recommendation for Ophiuchus EA and Limitless EA users ->https://limitless-trading.com/market-update/eurusd-market-update-3-sep-2022

To ensure you receive our market update in the future, please join our mailing list -> https://limitless-trading.com/join-our-mailing-list. You will receive a confirmation email to confirm your subscription. You must accept the confirmation to receive future market updates.

We will stop Ophiuchus and Limitless EA from trading when is near to ECB Interest Rate Annoucement.

Hello. Why your drawdown didn't reflect on the chart?

Hi MarioSerg, to see the drawdown, please refer to the drawdown tab of Ophiuchus EA on myfxbook.

If you have further questions, you can contact us via [email protected]

Last week US inflation rate has came out as a surprise to the market and you have observed the stock market drop more than 5% in a day. Will US Federal Reserve raise more than 0.75% of the interest rate this round? What should you do with your Ophiuchus EA or Limitless EA? -> https://limitless-trading.com/market-update/eurusd-market-update-18-sep-2022

We will stop Ophiuchus and Limitless EA from trading when it is near to US interest rate decision meeting.

October ECB Meeting is coming and last Friday, US Fed's members finally have some dovish statements on the rate hike. Is it time for EUR to bullish? No one knows that for sure, but it is definitely time for us to be cautious again. Read more to understand the bullish and bearish factors for EURUSD. Read more at -> https://limitless-trading.com/market-update/eurusd-market-update-23-oct-2022

We will stop Ophiuchus EA and Limitless EA from trading when it is near to ECB meeting.

Last week, European Central Bank (ECB) raised the interest rate by 0.75% as per expected but Canada’s Central Bank, which is just next to the United States surprisingly raised its interest rate by 0.5% only, against the consensus of 0.75%. What will FOMC do in this coming Interest Rate Decision on 2 Nov 2022?
Read more at -> https://limitless-trading.com/market-update/eurusd-market-update-31-oct-2022

We will stop Ophiuchus EA and Limitless EA from trading when it is near to FOMC meeting.

US Mid Term Election is coming next week! Should you trade even though we know election result is always unpredictable? Read more at -> https://limitless-trading.com/market-update/eurusd-market-update-6-nov-2022


We will stop Ophiuchus EA and Limitless EA from trading when it is near to Midterm Election.

For Ophiuchus EA, the monthly performance is as follows

Aug 2022 - 13.39%
Sep 2022 - 17.66%
Oct 2022 - 17.39%
Nov 2022 - 15.77%

All trades are verified. You can refer here for more information ->
https://www.mql5.com/en/signals/806339?source=Site+Signals+My

If you are new to forex trading and would like to explore further, you can join our Apprentice program. Refer here -> https://limitless-trading.com/apprentice-program for more information. Happy Trading !

This coming week will be a very interesting (or we should say a volatile week) week for EURUSD as there are many important economic announcements scheduled in the coming week as follows

US CPI on 13 Dec
Fed Interest Rate Decision on 14 Dec
ECB Interest Rate Decision on 15 Dec
It is time for us to be cautious again for the EURUSD market.
https://limitless-trading.com/market-update/eurusd-market-update-11-dec-2022

Please note that we will stop Ophiuchus EA and Limitless EA from trading when it is near 13 Dec. Thanks.

Time flies and now it is year-end again. Year-end is always a good time to relax, celebrate with your loved and review your trading result for 2022. Of course, it is a good time to plan for 2022 too. We also want to remind all our clients to be cautious about trading during the holiday season -> https://limitless-trading.com/market-update/2022-forex-year-end-holiday

Please take note that we will stop Ophiuchus, Ophiuchus Multicurrency, and Limitless Signal from trading on 23 Dec and most probably will only enable after 5 Jan 2023 depending on the market condition.

Thank you very much for all the support for 2022 and we hope to support you all to generate passive income again in 2023.
Merry Christmas and Happy new year and... most importantly happy trading!