Believe it or not. people actually want to use Instaforex, for these reasons.
30% welcome bonus 13% Annual return
And for me...... Well you know how I feel about Insta....
I am still using S/R and price action. I will be using iDraw. I will be placing some longterm trades. I will use a Stoploss.
Occasionally, I will place a Scalp with a decent lot size.
Bucket Shop Brokers still accept US citizens :-0 I did receive my Profits from the first run at Instaforex. Insta PAMM is a solid system and you can join with little effort. Heck why not.. Its just $30 bucks.
I've try MT5 demo account on insta, but a bit confuse becuse when i open order on the same currency, the order automatically count into one order. But i like the trailing stop that only 5 pips as the minimum, suitable for manual scalper strategy.
I must admit ability to withdraw my money onto my debit card had never been one of the criteria I've even considered for a broker. Good spreads, stable connection, good execution and direct market access are the main things I look for. I don't care if they send my money back to me in used £10 notes in a sack providing the other criteria are achieved.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
I agree with what you said. But i think Instaforex has good spread which is constant spread all the time, and i never face any problems that caused by unstable connection. Regarding execution, I am not so sure because i am using EA and it is not scalper EA. But i think most brokers including those highly regulated brokers may have re quote from time to time.
The position was left open for two days over the weekend it seems for a profit of only 22pips on a draw-down of 71 pips as the euro peaked at 1.3804. Thus the [pip gain : draw-down ratio] = 0.3 which is not good it must at least be 1. In other words 77 pip gain for 77 draw-down. If you your win rate comes in a 70% with lets say 10pips on each trade and the losing trades come at 3x that for a total loss of 90 pips , you would have -20 pips, even though 70% is a good win rate.
On the last trade with two mini-lots you incurred a $154 draw-down on a deposit of $675, risking 23% of capital to make $44 which isn't a viable way to trade in the long term.
Thanks for the observation. A .1 lot = 10 pennies and not $1 like a traditional std account. Therefore, a Risk of $14 is around 2-3%.I also have a 87% success rate on this particular account, but I am not a type of trader who focuses on statistics. Sorry to make this short and sweet, but I'm always open to improvements and criticism. It's a part of life that can not be avoided.
It has nothing to do with being critical or being personal. The parameter [pip gain : draw-down ratio] for each trade scaled according to equity(1micro isn't the same as 1standard lot if both incurred a 70 pip draw-down) allows us to instantly quantify the risk reward ratio of a portfolio. There is nothing emotional about it, just an analytical evaluation of the risk incurred in making a return on equity. All trading systems must be listed from high to low according to this factor and not the present way of listing a system from highest gain to lowest return on equity. Careful inspection of systems that made high returns will reveal that after three months they bombed due to excessive risk taking and draw-downs.
By listing systems with high returns first , it places excessive pressure on PAMM systems that want to trade responsibly and generate a stead return with acceptable risk reward ratio. It would be trivial to program this factor in Excel or python.
Please don't bombard me with R/R ratios. If you understood how I trade, or have the time to pick apart each individual trade, you will find out that many of my trades can be used with a 5 pip stoploss that gained 20 pips. Think about the r/r on those trades ;-)
Also, even If I were to use risk 40 pips to make 20 pips. My success rate still provides a sufficient return.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.