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Thanks for your answer on 02-18.
Upon further inspection of the trade record and specifically those trades we found out, that you employ some kind of Martingale strategy, doubling the size of positions and closing them all at the same time.
Is this correct?
Thanks
Peter
Dear Mr. Peter,
Although it looks alike when taking overview, we do not use martingale strategy. Pure martingale strategy cannot make long term profits. As you can see on our statements, trades are open upon market situation, usually from 5-10 trades at the time because it hedges 2 currency pairs, and if only one position is open on each side that is 4 positions to handle. Our trading system is designed to follow fibonacci and take adventage on retracements. On certain points possibility for retracement is getting higher and we are taking this opportunity to close trades that have gone in different direction.
Please let us know if we can be of further assistance.
Best Regards,
Forex Exclusive Club Support Team