I have been trading the forex and CFDs market for over 18 years and the early days/years was literally HELL. Firstly, there were very limited eBooks or tutorials at the time and most of us were self thought. I have lost so much in trading and at some point my family and friends started making jokes about me and my trading career. I lost so much, even more than just deposits. I lost relationships and more.
Many traders have a similar story and some may even be more pathetic than mine. I gave up a couple of times but something would bring me back to the charts every time. I considered forex trading my curse but I was addicted so I burnt my bridges.
It is very funny how you think that you have the market figured out and after a while you see another side of the market that you never thought was possible. These lessons usually come with painful losses. It is even more painful because in some of those times you would feel that you have everything figured so you start a fund management program or a PAMM/MAM only to end up losing so much. In a particular case, I took 2 years to study the markets and on my return I felt really confident only to experience a major loss that I never anticipated.
I concluded that forex trading and as a matter of fact all margin trading does not work. I joined the brokerage band wagon and I was a trainer for several years with a couple of the brokers in my country. I later became a general manager of a forex brokerage firm.
Things started to get interesting as a general manager because I got to see the other side of the market that I did not know existed. For example, Depth of the market. you will see this feature when you right click on any instrument on the MT4 Market watch but it will be empty. It is shown a bit on the MT5 but the data is for the broker server alone.
I realized that many big trading firms had a lot of information that the regular retail trader has no idea existed. The most exciting part of this story happened when I had a meeting with a team of risk management professionals. I quickly realized that risk management as a broker is a direct opposite of the risk management from a traders point of view.
This meeting gave me an idea some of the major reasons why traders lose most of the time.
Before all of this, I always had a dream of automated trading while lounging at the Bahamas. I could not even figure out manual trading so automated trading was a mirage at the time.
I bought over 25 trading robots (many without any track records of performance). Like most people have realized, the bulk of these robots don't work. They only added to my sorrows.
After my meeting with the risk management team (a Russian firm), I started seeing the light. I realized what had to be done. and how simple trading should be.
I have dedicated my time since that meeting to create successful manual trading strategies and automated strategies.
Before I introduce COPYVEST ROBOT, I will briefly explain what risk management from a brokers point of view looks like.
Like every business, the aim is to make profit. The brokers also want profit.
There are 2 major business models operated by forex brokers. The first is the NDD model. NDD stands for No Dealing Desk and like the name implies, the deals are not done on the broker's desk. The second model is the DD (dealing desk). This model has the clients deals done on the brokers desk. This simply means that the broker is the counter party in the transaction for the DD model. Most brokers operate a Hybrid business models.
The Hybrid model is a combination of NDD and DD models both of which are legal in most countries.
For clearer understanding, when a client is put on the DD model, when the client wins/ makes profit, the broker losses. Since the majority of forex retail traders lose money, the brokers cash in on this opportunity. Why lose to the market when you can lose into their pockets?. But this becomes an issue when profitable traders make a lot of profit. This cuts the profit the broker should make so a couple of brokers may want to manipulate. This to them may be referred to as risk management.
MT4 users download their broker's platform free of charge but the broker on the other hand pay heavily for licenses and maintenance to their tech providers. It is not surprising that the software providers allow the broker to perform certain actions like controlling most activities on the platform using plugins.
Believe it or not, so many brokers manipulate ST and TP levels, spreads (expansion) etc. It is also possible for MT4 brokers to target specific trading accounts with plugins.
Some brokers who are fair in their dealings operate both DD and NDD models but they do not try to manipulate traders accounts to make undue profit. They have plugins that monitors trader's accounts and move clients between DD and NDD. If the plugin notices the pattern of a clients trading style and it seems stable, they move that client to NDD but if the client is a high risk client, they are moved to the DD side of the business. Why lose to the market when you can lose into the broker's wallet?
This said, I have created an EA called COPYVEST ROBOT. This robot puts into cognizance the possible manipulations that could occur with these MT4 brokers and the diverse emotions that play in the margined markets. I have made it so simple that with the recommended risk management settings the user can consistently be profitable for as long as possible.
It is sad that many traders do not set realistic profit targets. Leverage and margin makes it possible to make mind blowing profits from the market but these huge profit margins are usually not sustainable. It is therefore not unusual to see traders who make lots of money within a period and lose much more than their entire profit within a few minutes/seconds.
Trading the margined market should be treated like a real business and not a gamble. This said, the recommended risk settings for COPYVEST ROBOT is 0.01 per $10,000 account (same range for cent accounts especially for traders with smaller trading capital, a cent or micro account is recommended to maintain this risk management range).
Some months are better that the others and the result has been consistent in a demo account for over 1 year and 8 months before it was deployed in a real account ,more than 3 months ago .
The concept for COPYVEST ROBOT is based on the market weaknesses observed over an 18 years study of the market. It is deployed on 28 major pairs on the H1 timeframe and below is a link to a real time performance.
https://www.mql5.com/en/signals/1778399
COPYVEST ROBOT is recommended for anyone who is tired of trying EA's that fail after a few weeks as it has shown a lot of consistency. The Ea does not martingale in the real sense of the martingale principle however, it can take multiple trades on same pair using the same lot size. The exit strategy is the main reason why it works so well.
Get a copy now as I will be taking it off the market when I reach my account size target.
Use the link below to purchase:
https://www.mql5.com/en/market/product/90986?
Many traders have a similar story and some may even be more pathetic than mine. I gave up a couple of times but something would bring me back to the charts every time. I considered forex trading my curse but I was addicted so I burnt my bridges.
It is very funny how you think that you have the market figured out and after a while you see another side of the market that you never thought was possible. These lessons usually come with painful losses. It is even more painful because in some of those times you would feel that you have everything figured so you start a fund management program or a PAMM/MAM only to end up losing so much. In a particular case, I took 2 years to study the markets and on my return I felt really confident only to experience a major loss that I never anticipated.
I concluded that forex trading and as a matter of fact all margin trading does not work. I joined the brokerage band wagon and I was a trainer for several years with a couple of the brokers in my country. I later became a general manager of a forex brokerage firm.
Things started to get interesting as a general manager because I got to see the other side of the market that I did not know existed. For example, Depth of the market. you will see this feature when you right click on any instrument on the MT4 Market watch but it will be empty. It is shown a bit on the MT5 but the data is for the broker server alone.
I realized that many big trading firms had a lot of information that the regular retail trader has no idea existed. The most exciting part of this story happened when I had a meeting with a team of risk management professionals. I quickly realized that risk management as a broker is a direct opposite of the risk management from a traders point of view.
This meeting gave me an idea some of the major reasons why traders lose most of the time.
Before all of this, I always had a dream of automated trading while lounging at the Bahamas. I could not even figure out manual trading so automated trading was a mirage at the time.
I bought over 25 trading robots (many without any track records of performance). Like most people have realized, the bulk of these robots don't work. They only added to my sorrows.
After my meeting with the risk management team (a Russian firm), I started seeing the light. I realized what had to be done. and how simple trading should be.
I have dedicated my time since that meeting to create successful manual trading strategies and automated strategies.
Before I introduce COPYVEST ROBOT, I will briefly explain what risk management from a brokers point of view looks like.
Like every business, the aim is to make profit. The brokers also want profit.
There are 2 major business models operated by forex brokers. The first is the NDD model. NDD stands for No Dealing Desk and like the name implies, the deals are not done on the broker's desk. The second model is the DD (dealing desk). This model has the clients deals done on the brokers desk. This simply means that the broker is the counter party in the transaction for the DD model. Most brokers operate a Hybrid business models.
The Hybrid model is a combination of NDD and DD models both of which are legal in most countries.
For clearer understanding, when a client is put on the DD model, when the client wins/ makes profit, the broker losses. Since the majority of forex retail traders lose money, the brokers cash in on this opportunity. Why lose to the market when you can lose into their pockets?. But this becomes an issue when profitable traders make a lot of profit. This cuts the profit the broker should make so a couple of brokers may want to manipulate. This to them may be referred to as risk management.
MT4 users download their broker's platform free of charge but the broker on the other hand pay heavily for licenses and maintenance to their tech providers. It is not surprising that the software providers allow the broker to perform certain actions like controlling most activities on the platform using plugins.
Believe it or not, so many brokers manipulate ST and TP levels, spreads (expansion) etc. It is also possible for MT4 brokers to target specific trading accounts with plugins.
Some brokers who are fair in their dealings operate both DD and NDD models but they do not try to manipulate traders accounts to make undue profit. They have plugins that monitors trader's accounts and move clients between DD and NDD. If the plugin notices the pattern of a clients trading style and it seems stable, they move that client to NDD but if the client is a high risk client, they are moved to the DD side of the business. Why lose to the market when you can lose into the broker's wallet?
This said, I have created an EA called COPYVEST ROBOT. This robot puts into cognizance the possible manipulations that could occur with these MT4 brokers and the diverse emotions that play in the margined markets. I have made it so simple that with the recommended risk management settings the user can consistently be profitable for as long as possible.
It is sad that many traders do not set realistic profit targets. Leverage and margin makes it possible to make mind blowing profits from the market but these huge profit margins are usually not sustainable. It is therefore not unusual to see traders who make lots of money within a period and lose much more than their entire profit within a few minutes/seconds.
Trading the margined market should be treated like a real business and not a gamble. This said, the recommended risk settings for COPYVEST ROBOT is 0.01 per $10,000 account (same range for cent accounts especially for traders with smaller trading capital, a cent or micro account is recommended to maintain this risk management range).
Some months are better that the others and the result has been consistent in a demo account for over 1 year and 8 months before it was deployed in a real account ,more than 3 months ago .
The concept for COPYVEST ROBOT is based on the market weaknesses observed over an 18 years study of the market. It is deployed on 28 major pairs on the H1 timeframe and below is a link to a real time performance.
https://www.mql5.com/en/signals/1778399
COPYVEST ROBOT is recommended for anyone who is tired of trying EA's that fail after a few weeks as it has shown a lot of consistency. The Ea does not martingale in the real sense of the martingale principle however, it can take multiple trades on same pair using the same lot size. The exit strategy is the main reason why it works so well.
Get a copy now as I will be taking it off the market when I reach my account size target.
Use the link below to purchase:
https://www.mql5.com/en/market/product/90986?