To answer some questions and to clarify misinterpreted of our open record in myfxpedia, our position and objectiveIn our company and signal account, we strictly adhere to our trading plan / guide line and members will come to our services are also advised to follow the same. We have never exceed the DD of 3% on the worst situation.To be fair to myfxpedia , one has to analyse our signal account not any other accounts, you can assessing the out come of that signal service account only with all the information given, transparent and verify by 3rd party myfxbook, not on any others accounts.I realize that some of you guys judge us base on a individual account that does not representative for our company.Regarding the pips count, average last 6 month is 800 pips a month, when you review the history then you will realize that there are trades in negative but also there are positive trades that go thru to the next month. The way we count the pips is just a simple way to somehow scale our performance.But what important is the DD in the company signal account never exceed our guideline, and to date the DD is 3%.
Hi fmonera,myfxpedia max stop loss in pips were record as 144.8 pips on EURGBP 14 Sept 2012, average loss 49.23 pipsmyfxpedia max gain in pips were record as 208.7 pips on GBP NZD 02 Jan 2013. average win 45.06 pipsmyfxpedia winning rate 80%, trade 204 times from July 2011, win 163 times, max drawdown 3,8%Advance Statistic ; Risk / Reward average Jan 2013 as 1:9Everything is public and update every 5 mins in myfxbook http://www.myfxbook.com/members/myfxpedia/project-500-pips-month/420510Everything is public and update every 0.5 second for our client in myfxpedia platform, notification by emails and sms sent our every-times we have any events
Hi fmonera,Thank you for interesting is our services. Please find our replies as per your questions:1. Yes, the myfxpedia signal account representative for our services http://www.myfxbook.com/members/myfxpedia/project-500-pips-month/4205102. All our trades have SL and target TP, of course we must have SL to enable us to calcualte the lot size per trade, so sometimes the trades trigger just before the month end, we will keep the trades as long as it not hit our SL nor target TP nor the market condition change. So YES it can float to the next month REGARDLESS of negative or positive. Our trade management principle is never have any particular trade that risk more than 2% .3. Part of trading is not how small or how big your SL, it is how you manage risk percentage per your account. It all come under risk management. We do have higher Stop, our Stop can go up to as high as 200-300 pips but that does not matter if you have your risk management in place. If you have wider Stop then you get in with smaller contract size and if you go in with tighter Stop you will have a bigger lot size but often than not you will be taken out of the trade . But I also would like to bring to your attention that as soon as soon as we see the momentum and market sentiment changes, and the trade is no longer give it a favorable probability , we will reassess the situation and scale down our stop as part of our trade management. You can see from the example in our latest analysis today 18 Jan in EURJPY pair that we have initial SL as 370 pips, however, the market sentiment has changed we manage our trade by scale down our stop and eventually we manually got out with a loss of only 40 pips. Please refer to our post number #84 on page 9 in our Daily review https://www.myfxpedia.com/forum/showthread.php?172-Daily-review-before-London-open-for-myfxpedia-s-Investors&p=2290#post22904. We never dream of being constantly archive Risk / Reward of 1:9, we never ever dare to promise such achievement in the future. What we can promise you is if you trade with us, stick to our trading plan you can be in this game / business for a very long time and possibility making a comfortable living. To us trading for a living is not being rich over night but to us the utmost important is CAPITAL PRESERVATION and hold on to your gains. And that's the only way to survive in the trading business.5. As per our guideline , we always try not to have more than 4 positions open at the same times, but in some cases that many of our pending orders trigger in the same day, we will immediately manage the trades to bring it back to the level that we are comfortable with. To answer your question, if we hold the 4 positions open at the same time, and every single trade have max risk of 2% then the total maximum risk on account will take us up to 8%, but that has never happened to myfxpedia, not yet anyway.If you have any further question please feel free to ask, we are more than happy to answerThank
2. Their system is mostly based on grabbing major tops and bottoms .
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