The copier should adjust position size to take account of a different currency in addition to adjusting for a different balance. Obviously the copier is not my baby, I just do the trading so you should ask them technical questions in case I don’t explain things correctly.

Gary

Hey Gary!

Glad to say Hi again! just my cooments, after my first month with you, I need to say thanks for this signal. Here my results:

Invested: 10K
Return: 4%
Drawdown: 4%

Please keep doing this great job. Renewed my suscription for 6 months in MQL5. I tried a lot of signals without a good results, but you Sir, showed me the correct way to growth up my account. Hope be here for a long time. Keep in mind upload your website again you have a lot of portfolios as you can show to the world and make a lot of traders happy with your strategies.

Thanks for this transparent trading system.

Victor Ramirez - Colombia

Victor,

Many thanks. It seems high praise if you are effectively nowhere yet but if you give it a little time you will see the myfxbook stats reflected in your account. From time to time I try to get back to cash, usually every four weeks or so. Those are often good times for a withdrawal if you are so minded.

Kind Regards,

Gary

In the USA we have fifo, do we need a non-fifo account to trade this system?

This account is FIFO compliant.

Are all of your accounts on signal start fifo compliant?

Just Australia and Pacific.

Oh...existing gbpchf trade is just a mess.Too big position size placed right in resistance.Hope this will end up well.

It will end well for me because my DD is about 4%. I take it you are leveraging me.

Good to hear that.Nop,have risk 1:1 but somehow I am down to 6%. Weird.

Like I said it's 4% for me. 6% is hardly 'a mess' in an account that's up so much this year in general and a lot more since 2015. Usefully there's a few people out there stealing my signal and re-selling it so this will put them under pressure. I will be fine and if you are leveraging me at 1:1 you'll be fine too.

Thank you for your reply! Apologise for using word «mess».Yes,I do have 1:1, I am not interested of making 100% profit overnight and at the same time to say good bye to my balance,that’s why I do stick to the rules.
Was watching spike yesterday and couldn’t believe the biggest position was opened where it was,it was pretty clear that gbpchf was hitting head to the ceiling.Probably that’s why decided to contact you today.
Fingers crossed for good returns for many years!

Don't worry. It will be another profitable trade. It always is.

Thank you! And thank you for profits so far!

Quick question, I am copying your trades from Signal Start, I have 20,000 in an account and Im copying the Alpine as I increase the multiplier the minimal balance goes down and reaches $18723.13 hypothetical draw down reaches 56.81%, am I setting this up right, I don't want it taking outrageously large position sizes, I am guessing the hypothetical drawdown is based on your largest DD you had, I understand the risks associated with it

For Alpine all I can recommend is 0.01 lots per $1700. That is what you need to achieve. Below is the strategy and note the paragraph on position size.


The strategy is a manual grid strategy and not an EA. While it has traded exotic and EM pairs profitably in the past it only trades major and minor forex pairs now to reduce
the cost of SWAPS and the inherent political/geographic/economic uncertainty around many exotic/EM pairs. When markets are overbought or close to overbought trades are opened
counter-trend. When profit targets are hit trades are closed. If the market continues to move against the initial position then a second trade is opened based on candlestick
price action and how the market is trading/pending news etc. Up to 12 positions maybe opened.

When markets are oversold or close to oversold trades are opened counter-trend. When profit targets are hit trades are closed. If the market continues to move against the
initial position then a second trade is opened based on candlestick price action and how the market is trading/pending news etc. Up to 12 positions may be opened.

Risk control is achieved through position sizing. Position sizing MUST be the most important feature of the strategy because there is no hard stop loss and no hedging.
People will often happily accept extrordingary profits and only query the strategy when they experience a stressful drawdown in their own account even while the master account
remains quite safe. This is because they have failed to understand how crutial position sizing is for the strategy.

While there is no hard stop loss there is a soft one which is market dependent and as follows;

Blackwave California - Approx 15%
Blackwave Pacific - Approx 35%
Blackwave Alpine - Approx 50%


This strategy has produced excellent profits since 2015 and is now one of the oldest strategies on most copy trading platforms. It is the inspiration for three MAM accounts
managing $2m of other peoples money. I never place trades in client accounts that I do not wish to place in my own accounts too and as at June 2019 my own commitment to this
strategy across all three risk levels is $190k.

These are the basics. To give any more information would be to reduce my flexibility and take away the major advantage of a manual strategy and make it effectively automated.
As a former stockbroker I like to watch all markets at once and get a sense of what's going on rather than put blind faith in back-testing which in the end only tests the past.
Links below to Blackwave Money Accounts which demonstrates my personal commitment to this strategy.

https://www.myfxbook.com/members/Lazard/high-risk-blackwave-alpine/1302652
https://www.myfxbook.com/members/Lazard/medium-risk-blackwave-pacific/1364641
https://www.myfxbook.com/members/Lazard/low-risk-blackwave-california/1601589

Gary,

Taking your consideration of $1700 per 0.01 lots, I have set it up this way




The balance is 20,000, there is a little more risk, but the DD is similar to that of your account, does it look right?

HI. HOW GET YOUR SIGNALS TO TEST FREE? WRITE ME PM.

Haven’t a clue.