With risk level 5, it actually won't work with SynergyFX. They have a margin call level at 50%. Since the floating drawdown is going to be over 50% sometime for risk level 5, you will be stopped out at 50% loss even you set your leverage to 1:500. Is there a way to avoid this?
An Update. The next version is on 1 month testing, before sending out. I have made processing changes to trades and want to ensure this operate as expected. Apologize for the delay, however, accuracy is important. When the new version comes out, run it on Test to your comfortable with it. I will be adding an ability to have new risk values, someone wanted a risk level between 2 and 3 and I thought that's a great idea.
Hi Justin, too ways to handle this: - lower your risk level - have spare case to handle the margin call in another account and/or - use the feature of the Ea to only use a % of your account to trade, such as 50%, this gives 50% for the bad day.
Note: with this EA it is important to only trade money your willing to loose. Regularly take your profits out at least 50%, and put this in another account. This will allow on a big margin day to make it through or let it bust and still work away with money.
Some people have sent me an email to say they have subscribed to my EA as a subscription service. URGENT: IS NOT ME, this is NOT MY CODE!!!
To make matters worse they are running this on other CURRENCIES.
BIG WARNING: you will loose ALL YOUR MONEY. Some are subscribing to using the GBP and EUR.
Most GBP currency pairs can range over 2,000 pips in a week - this will BLOW your account. There is a BIG reason on why I only allow the AUDUSD, as I am a data scientist and have done analysis of this currency to how it fits ranging. The EUR is unstable, please, stop this and notify the subscription service that this is false advertising.
Big trend event for Aussie Dollar wiped out Ichi. As stated previously this could happen a couple of times a year. I am waiting for stability back on the Aussie dollar before adding ichi again. Stay tuned