This month I’ll explain how to trade against and to make a lot more about the Forex. And more the market will be volatile (which is the case right now, and probably in the coming months) and the more you earn.
You may have noticed that in most cases an open trade does not close immediately, this is what we call the DrawDown because we’re on a random market, where no rule is systematic. It is often enough for you to buy the market decline, although he is bullish on the long term and reverse. And 90% of trades are going to do the drawdown higher or lower.
You have also noticed that the majority of providers close their trades with 10 or 15 pips profit, or even less, against you by forcing you been in a situation where you have eg 200 pips of profit already made and 700 pips drawdown current, or even more.
Well this is what we’ll trader. What makes most drawdown of your provider will make you more profit, if he makes a stop loss that’s all benef for you, if he makes a margin call, it’s the jackpot and if it closes advantage in that it will do you 10 or 15 pips loss.
We also saw on my site that no strategy can not last over time, so sooner or later with this method you will win if you have a sufficient margin.
How is this possible ?
Simply by using the advanced configuration functions Zulutrade
For this I suggest you initially open a demo account with 10K or 20K of capital leverage 200
Then select a range of providers rather numerous, taking care to select those who are most dradown means and results, and close their trades with small profits (unlike normal trade avoid providers that tradent with their own money) and do not be afraid to charge your account (in any case it’s a demo and this will allow you to test and select a maximum of provider before going live)
Then go on the settings page of your account
Check the box advanced parameter, below margin call o metter
Appear after a few seconds each provider all functions.
For each provider check the Invert
Then at the bottom of the page click Save the settings of signal providers
From the two solutions
1 / Either you have the time to follow the trades or go to your account one or two times a day and you close trades manually into profit, because of course has a stop loss unless the provider does not close in loss , but I would advise against putting your own stop loss of 5 to 15 pips in case your provider would return to a trend and you would be the loser.
2 / Either you program with your account and stop loss limits, style 10 pips stop loss and take profit below the average trade drawdown of your provider (note the spread in your calculation), but in all cases the limit will be above the stop loss in pips. Although this method is less productive because it is important to take into account market volatility and therefore the monitor, to close its trades at the right time.
Note that this method is not foolproof either, it works better when markets are nervous like right now, you can also avoid trading earlier in the week, Monday and Tuesday are generally calm, with Friday and cons days of important economic announcements, style or NFP ECB rate there is the most to gain.
It remains for me to wish you good trades and good vacation if you’re already there