FX Money Machine

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Discussion FX Money Machine

Jul 17, 2013 at 05:11
Vues 8,890
120 Replies
Membre depuis Mar 28, 2012   posts 1
Sep 10, 2013 at 18:43
I have to say that this is quite amazing. I've never seen good trading like this. I'm in the 95% of course, but this is very cool.

I would hope to be able to take part live one day. Congrats on your great system and discipline to trade it well. :)
Membre depuis Jan 11, 2011   posts 79
Sep 10, 2013 at 19:38
thanks. pls share the word about it. Thanks :)
Membre depuis Aug 21, 2012   posts 47
Sep 10, 2013 at 19:52
I wonder why you're suggesting to people that they follow your AutoTrade account with 0.1 multipler for each US$1000 in their account. AutoTrade will scale its trades according to (amongst other things) the balance ratio between the provider's account and the follower's account. Therefore, if the follower has 10% the balance of the provider, all other things being equal, with a multipler of 1, the follower will trade at 10% the provider's lot size.

I'm following your account as a demo subscriber, because I've seen too many high-flying accounts crash and burn. Once I've watched for 3 months, if I like what I see I'll subscribe. I imagine others are following similar tactics.
Membre depuis Jan 11, 2011   posts 79
Sep 10, 2013 at 20:02
Hi Beren,

thanks for pointing this out to me. I thought that the autotrade with lot multiplier of 1 will take the same trade sizes like my account.

I will check about this and will advise accordingly.

Thanks once again.

BR
Steve
Membre depuis Jan 11, 2011   posts 79
Sep 10, 2013 at 20:17
You are right Belen thanks.

To all subs.

Please adjust your lot multiplier to 1. Lot size is calculated automatically by autotrade. Make sure that the lots being taken do not exceed 0.1 lots per $10k in your account balance. So prorata it's 1 microlot (0.01 lots) every $1k.

Hope it's clear. This is very important so you have the correct exposure and leverage in the trades.
Membre depuis Mar 01, 2013   posts 10
Sep 10, 2013 at 20:45
Great job so far Steve, no one expects to receive 90% in just over 1 week, but if u keep up a steady return over the next few weeks, i'm sure you will be up to 100's of subs in no time.
Membre depuis Jan 11, 2011   posts 79
Sep 10, 2013 at 20:52
Thanks :) Lower your expectations though. My target is 5 to 10% per month steadily.
Membre depuis Mar 01, 2013   posts 10
Sep 11, 2013 at 05:21
Sure, I think 5+% is great.
Membre depuis Sep 11, 2013   posts 3
Sep 11, 2013 at 07:14
amazing stuff my friend
Membre depuis Jul 04, 2011   posts 21
Sep 11, 2013 at 15:59
This is a very good job that u are doing. It's rare... Hope it will keep going that way. Good system, good communication, good marketing. Congratulations.
Membre depuis Jan 11, 2011   posts 79
Sep 11, 2013 at 18:15
thanks :)
Membre depuis Aug 26, 2013   posts 1
Sep 12, 2013 at 08:30
bom trabalho cara, irei apostar em você!!! sucesso
Membre depuis Jan 11, 2011   posts 79
Sep 12, 2013 at 08:31
thanks heitor :)
Membre depuis Jan 11, 2011   posts 79
Sep 13, 2013 at 10:58
Hi all,

There seems to be a problem with the lot sizes being taken by autotrade.

Can all live subscribers please send me their fxmoneymachine autotrade page so that I can check the lot sizes to the account balance. The email to use is [email protected]. No need to send login details, just a screenshot would suffice.

I need to make sure that all live accounts have the correct leverage.

Thanks and Regards
Steve
Membre depuis Nov 26, 2012   posts 43
Sep 13, 2013 at 11:05
whats the account, minimum balance,broker you recommend
Membre depuis Jan 11, 2011   posts 79
Sep 13, 2013 at 13:13
At the moment there are only 2 brokers available with autotrade (Pepperstone and FXCM).

Min Balance recommended is $5000. However, there are accounts with less than that amount.
Membre depuis Dec 14, 2012   posts 6
Sep 13, 2013 at 16:00
At the moment I have 14 open trade , is this correct?
Membre depuis Dec 14, 2012   posts 6
Sep 13, 2013 at 16:01
Can I open a Live account with $1000?
Membre depuis Jan 11, 2011   posts 79
Sep 13, 2013 at 19:30
JJHH posted:
At the moment I have 14 open trade , is this correct?


Yes that's correct. That's why I use small lot sizes so that when the trend is strongly in our favour we can built positions.
Membre depuis Jan 11, 2011   posts 79
Sep 13, 2013 at 19:31
JJHH posted:
Can I open a Live account with $1000?


Yes you can. Make sure that you have fixed lots set at 0.01 lots no more. I want leverage as our friend not an enemy.
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