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Managed Fx Account by KiteForex Real Account Stopped test

by KiteForex.com • Site closed
-18.48% WEEKLY · 21.1 weeks
Average Pips per Week:
-53 (Gross Pips: -1,112)
Average P/L per Week:
-18.48% (Gross P/L: -98.66%)
Maximum Equity used:
57.98% (May 17, 2012, 6:10:00 PM)
Test started:
Dec 22, 2011
Test Stopped:
May 18, 2012 (Tested 21.1 weeks)
Managed Forex Performance
Voluntarily Quit

We appreciate KiteForex.com sharing their their Real Account Performance with ForexPeaceArmy.com traders community!

06.12.12 Test stopped. Account lost most of money and has no trading activity since 5/18

02.07.12 Managed Fx Account by Kite Forex Real test started with help of Investor Access...

Owner Descriptions: We are following swing trading style and it takes 2.5% risk per trade. At a time we place only 1 order and calculate lot size as per its pips of SL in such a way that risk is 2.5% only. We do not place 2nd order in same currency in same direction unless we close the 1st order in the that currency. Sometimes, we enter two trades in same currency in same direction but lot size of those both trades as per SL are set in such a way that sum of risk of both trades are only 2.5% So in this group , we can say that we takes only 2.5% risk in one direction at one time in one currency pair. We trade GBP/USD and EUR/USD and if we find opportunity in both pairs we place orders in both with same risk , 2.5% in EUR/USD and 2.5% in GBP/USD . Reward of each trade is equal or greater than risk of the trade. It is not necessary that we will take 2.5% risk in all trades. Sometimes, we take very less risk but reward is always equal or greater than risk.