Never expose more than 3% of your account at anytime. Nobody escapes the natural error rate. We average about 300 straight winning trades before this happens. Also you should incorporate your trading business to protect your personal assets. Also you should only keep 3%-5% of your trading money in your trading account in case of a flash crash like the EUR/CHF A a couple years ago. Your stops would not have been honored do to lack of liquidity.
Thanks for your reply, although it seems to me that you have skirted around this stop loss question.
If we take your equity shown in the mobile screenshots ($80k) and apply 3% that would be $2500.
Now your trades look to be 1 lot each or about $10/pip.
That makes your stop loss 250 pips, and a take profit of about 5 to 10 pips.
You would need to show a complete trading account which includes any losses before the value/worth of your system can be evaluated.
I know a lot of your potential customers are blinded by the idea of big winnings on a mobile phone, and risk/loss do not even enter their heads.
But in the end, all systems have their weaknesses, as I am sure many will find out!
With a large SL, and small TP you say you lose only 1 in 300. I was thinking that if I had a system with no SL, then I would never lose? The holy grail perhaps?
With such a clear winning system, I am surprised you are bothering to sell signals, instead of just trading it all the way to the bank.
Really Harry, you haven't followed our trades clearly. You can't hold large losing positions. I agree with you that some on this sight use myfx and manipulate there winning percentages by taking very small positions and killing a loser with a much larger position. We don't do that. Stop loses are subjective and have to be gauged to market conditions. We let our customers know when to close one that clearly isn't doing what we expected. You should closely look at our entries and what there draw downs were. You or anybody else would agree they were extremely minimal.
