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To do this, click on Strategies, click the double magnifying
glass and hunt for the those shown on the left. Use the
search by name function to find the strategies and make sure
you select the correct currency pair as most trade several.
Then, click 'Add', adjust the Amount per EA to keep you
out of the red, set Max Positions to two or three
or if your capital is high. You will
average about 35 trades & 1,500 pips a
month.
You will then see them in your Portfolio on the right, make
sure they are all Active and your Mirror Trader account funded. My plan is to
monitor the performance and make any necessary changes to
recommended systems on this or the final web page.
If you have very low capital,
you will still get fantastic results running just
ThirdBrainFX, which averages about 500 pips a month or
$500 at the minimum 10k - about a 100% return on $500
capital! These five use different strategies and time
frames and have a record of very low losses but
occasional bad losses are bound to happen in all trading,
which will result in a bad week and knock the average down.
Be aware that they trade trades over different time frames
from a few
hours (sometimes minutes) to weeks - ThirdBrainFX over two or three weeks. This variation in
strategy spreads our risk and decreases the chances of all
the systems having losing trades at any one time.
The
Exposure Meter will go into the red with low capital but
these have so far proved to be very safe systems with usually low
drawdowns. If you are using less than $1,200 capital,
adjust the Max Positions and/or number of systems to keep
yourself out of the red (orange is OK).
Showing the last 30 days to 15th March. Systems should
be selected for steady growth and no big draw downs. This is
with maximum positions set to default so our profits would
have been around 1,500 pips for this period. ThirdBrainFX is a
good producer with a few large pip trades
but may have larger draw downs. LJH111 makes many small
trades lasting 2 days and has not had a loss so far. A varied portfolio
spreads the risk but using two many systems increases the
possibility of hitting a disaster. The chart below shows the
performance of all the systems over the last 30 days to
March19th.
Note current conditions are very
volatile (particularly
the EUR & USD), do not overextend your portfolio (slow and steady
is better)!
Trading with the Minimum $500
It is possible to trade just MThirdBrainFX with Max Positions set to 2 with just $500 capital. Past performance
shows that this can produce excellent profits with such a
small risk capital. It has been average about 500 pips a
month recently, which is around 100% profit!
Ultimately, it's your responsibility to choose which systems
to use - I give recommendations only.
Quoted results are for trades closed
automatically. Some of the systems are pure EAs
some are purely human traded and some are a hybrid.
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Opening a Mirror
Trader Account with AvaFX- Click on the Link Above or
Here
You
need to open a specific Mirror Trader account
- the link will take you to the correct page.
Click on 'Open Live Account' and follow the
instructions. Don't confuse AvaFX's Platinum
Account with this - a Gold account is fine. You will need to complete and sign
the permission agreement and wait a day or so
for your account to be processed. Then, set up
your Mirror Trader Account.
Deposit
funds into the Mirror Trader account - do not
make the mistake of opening and depositing into
the standard account as this is separate,
although you can have both of course. |
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