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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).
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/
new for all customers and for everybody who wants to join:
Start a managed account with 100 usd only.
we were quite busy the last days to find a solution for all these people who do not have 1000 or 2000 usd in their pockets to start trading with us. And also for those who are not accepted by a broker who offers cent accounts.
Therefore we came to the idea to open a new managed account which runs on our server and with our robot.
You can start with 100 usd only. But you can invest as much as you want.
For more info, please visit our homepage. I-make-you-rich.com
yours sincerely
ortwin rich
sales & marketing
i-make-you-rich.com
Hello !
The DD was calculated from the profit we made the last month.
The overall DD of the balance is just 45%.
To proof that, please use this link and click on the tab " DRAWDOWN" and move your mouse to the highest red bar.
Queens Money Collector System by OrtwinRich | Myfxbook
Than you will see: 45.97%
Yours sincerely
Ortwin Rich
Sales and Markting
I-Make-You-Rich.com