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Forex Product Details |
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| AMCL EURPY M5 -- New Version Out Soon |
Not Available |
System:
Unconventional indicator based trend-following Expert Advisor
Uses many signals & filters to confirm a trade
Is moderately ambitious
so some attention needed to setting trading hours to match the
European session
Trades signals on the M5 chart and uses techniques to get in early (but
not too early) on the moves
Lot size boosting when going with underlying trend increases Profit
Profit maximised by three groups of orders, to enable you to trade like you are
there 24/7:-
- Short range -
in and out fast for a small gain
- Medium range - to be set based on current volatility
- Longer range - to capture as much of the move as possible
Simple &
fast to back-test & optimize
Strengths:
Extremely effective in volatile markets - goes after sudden trend starts &
grabs reversals
Profit factor medium (1.3 – 1.75) depending on prevailing market conditions & TradeMode selected
Profit
potential high, due to high win %
True entry & exit points are concealed from broker, while always having a SL, TS & TP in case of lost connection
Will follow sudden reversals
Has many options to cater for changing market patterns & risk appetite of the user
All TradeModes can
simply be tuned by
the user to be more or less ambitious
Weaknesses:
Relatively small numbers of losing trades but short-term losses in extremely pitchy ranging markets (aka 'whipsaw'
conditions) can be expected
Last 5 months trade on fixed lot sizing
Last 5 months trade on proportional lot sizing
Risk Statement
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.