Managed Forex from KombiTrade.com Real Account Stopped test

by KombiTrade.com Site closed
-7.19% WEEKLY · 8.8 weeks
Average Pips per Week:
-214 (Gross Pips: -1,972)
Average P/L per Week:
-100.00% (Gross P/L: -100.00%)
Maximum Equity used:
94.86% (Dec 22, 2015, 6:21:00 AM)
Test started:
Oct 27, 2015
Test Stopped:
Dec 28, 2015 (Tested 8.8 weeks)
Abandoned Test

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2015-12-30 Managed Forex from KombiTrade.com Real Test abandoned. Balance was all withdrawn without notifying the FPA.

2015-10-14 Managed Forex from KombiTrade.com Real Test started with help of Investor Access.

Description: We trade manually which is based on mixed analysis. Our risk:reward ratio is 1, our lot size is calculated according to pips of stop loss and total risk of the trade. Let us explain : Let's say, your account balance is $50000 and we have to risk 2% per trade i.e. $1000. According our technical analysis stop loss (assumed) is 800 points (80 pips) hence lot size = amount on risk/SL = 1000/800 = 1.25 In fact, we do not risk 2% in every trade because every trading opportunity is not same. If we found some strong opportunity we may risk 3% or even 4% but never cross 5% in one. An opportunity is called strong when technical analysis is saying the same thing what economical analysis is saying. Elaboration by an example: Let's say Non farm payroll data from the US is released which is weaker than forecast and EUR/USD is already in a bullish technical setup. So this is described as a strong opportunity to entry buy in EUR/USD. Sometimes, if we see prevailing trend we close just half of total position at predetermined take profit level and we keep the half remaining. We trail the stop loss by a specific length which is calculated by finding average of length of last 4 retracements against the trend.