Patrichia
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Dear : Forexesther
Dear : martin
What was the leverage of your account everyone before it is wiped out ?
Thank you
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Dear : Forexesther
Dear : martin
What was the leverage of your account everyone before it is wiped out ?
Thank you
1:100 on ortwins advice
Dear Forexesther
I am very sad for you, your leverage is very low, 100 leverage is nothing and should not blow the account like this, the master account of QMC has leverage 200, and he recommends 200 usually to protect the account
My account was blown same moment like you, but my account was leverage 500,
By the way the master account of QMC was about to be blown too, same moment like ours, but for sure somthing he did that time made him save his account.
I tell you something , should be done in similar cases, of course I did not do it with QMC , because it was managed account, so, the trading responsibility is his.
Anyhow, in similar cases, what we usually do, we add more fund to the account, if you have no more fund to add, you can increase the levereage of the acount, in your case with leverage 100 only, if you would have increased it to 500, i am sure account was supposed to stay alive till now. then after things go back to normal situation, you can return the leverage to 100
But in general leverage 100 is very safe to the account
What has happened had happened and finished
I hope you stay in this business for long time, wish you earn a lot of money instead of what you lost, i am sure it will happen.
I hope you update us with any development if you use any other EA
Wish you best of luck
Patrichia
thx for your reply patrichia
i think master account was just lucky,.DD was 90%.. or he did deposit more funds like you say.
one thing,. i dont understand. you say " if i would have set leverage 1:500 my account would still be alive ?
1:500 is more risky , more profit,. OR more losses i thouhght ??
and 1:100 is less risky,. less profit,. and less losses .
am i wrong about that ?
other question,. you have a good advice for an EA ?
grtss esther
Dear Patrichia,1:100 on ortwins advice
Dear Patrichia,
my leverage from the dead account was 1:200 - as recommended.
I still wonder, why at my starting point Ortwin says "minimum 50% of the master account" and now - after our accounts blowed - it´s "you can start with 100$"...
Martin