FxPhil

Joined Oct 17, 2013

Posts: 88

Connections: 0

Experience: No Experience

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Systems by FxPhil

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Recent Posts

Scalp Trader PRO

No trades for almost 7 weeks, yet it still updates.Has the vendor turned off the EA, so to live / make sales from past results?

12264

Feb 25, 2016 at 15:42

Scalp Trader PRO

If you analyse the trading history, it is clear to see this account has progressively had the trading risk reduced. Thus growth has reduced.Would seem the vendor is happy with the current overall result & doesn't wish to see a big loss if a trade hits the full SL, which will happen, just...

12264

Feb 18, 2016 at 11:48

Scalp Trader PRO

I never said it was a scam. Just has not shown, long term, that a proven past DD of around 46.65% versus a long term monthly growth of 4.9%, with a 12% risk per trade is not what I would consider to be good stats.You do understand it is a Trade Copier, from a master account on another broker with di...

12264

Nov 27, 2015 at 12:27

Scalp Trader PRO

Risk = ( lot size × $10 × 120 pips SL) / $ balance when opening trade. This is what % of your balance you will lose if the EURUSD trade hits the SL. The $ value between the ( ) is how much the lost will cost you if the SL is hit.

12264

Nov 26, 2015 at 14:58

Scalp Trader PRO

Doing the maths, the 10 year back test ran at 12% risk per trade, had a 46.65% relative DD to the then balance high water mark and made a averaged compounded 4.9% return / grown per month over the 10.75 years.At the current risk per trade of 27%, the account would probably not survive the 10 year ba...

12264

Nov 26, 2015 at 12:55

FxPhil's Reviews

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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.

EURUSD	1.16044	GBPUSD	1.34213	AUDUSD	0.71342
USDJPY	159.933	USDCAD	1.38921	USDCHF	0.79144