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My account is gone too on Wednesday (29.04.) - DD was more than 85% and at this time the signal has a total of 63 open (and most negative) trades (some of them since a few days).i also blew my account yesterday ,. send mail because i was worried,. but no response,. 1500 euro gone,..
my friend Toon ,. also blew up his account thx to QMC ortwin ,. 1100 euro gone....
thx ortwin i make you broke , or was it rich ? lol
grtsssss toon and esther
My account is gone too on Wednesday (29.04.) - DD was more than 85% and at this time the signal has a total of 63 open (and most negative) trades (some of them since a few days).
My Setup (19.04.) to start (a little more than 100% of the master-account): Roboforex Euro-Cent account balanced with 930 Euro with 115% deposit Bonus (930 + 1070 = 2000) plus 150 without bonus (2000 + 150 = 2150 or 215.000,00 Euro Cent).
Rules of the Bonus say: if equity is equal to the bonus, the bonus will be removed. So this setup can resist a DD untill -54%.
Before 29.04. DD maximum was about 50% and before I started I asked if there is an argument against using bonuses - answere was no!
I think about what would have happened if I had not used the bonus. Then would my account must withstand the horrable DD of -85%?
So Patrichia and forexesther, did You have also used a bonus or your accounts burst without bonus?
For me the lessens I learned so far is to use only singlas they:
- have minimum DD (not 50%, not 60% or even 85%)
- use tight stop losses so that negative trades are not held so long
- (maybe don´t use bonuses)
My account was blown too. $700 USD + 2 months subscription + setup fee all gone. DD is 91.27% at its peak on master account, according to MQL5. Sheer luck that master account did not blow up.
I am done with this signal. How does one sleep at night when one's entire investment can go poof at any time?
I am testing a robot called everex. Low DD, high return, no martingale. It's a scalping ea that works extremely well on demo, and good on live accounts. Last ea I will try, if it busts my account I swear I am done with this thing called FOREX.
https://www.everexfx.com/
Ladies and Gentlemen
My account had blown up, it is wiped out completely.
When I found DD is increasing, I sent an e mail to Ortwin Rich, told him DD is high, Market is going up, you keep adding sell positions, which is crazy action, but he did not reply to me and kept adding more positions against the trend.
This is the result of trust, my account balance was usd 119000.00 and now is usd 16.00