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Hello Al_kuwait,
Glad to see you are doing good while testing the EAs.
These 10 turned out to be showing great results since I launched the course…last week I wanted to update them, but It was hard to find any need for change.
I just touched a bit 3 of the EAs, the rest are doing just fine. They do not make any impressive profit so far, but seems to me more stable equity of the whole portfolio.
Kind regards,
That is some good information for all US traders!
Does this mean that the Never losing formula could be executed without a problem? If you have watched my courses with it, the lots are different with every time we enter. Now only the first 2 are same, but since they are with 1.4, It is not a problem to change it with 1.41 just to be different.
That will give solutions to many trades in US, and they will be cool because they are within the FIFO violation
That is quite interesting to know about the FIFO Violation, and it will be useful to all US traders. And it will be great to be confirmed from other brokers too.
I have Kuwaiti residence and US in the same time, so have the Kuwaiti allows me to open accounts easily. I read the topic above and Petko is write that you should concentrate on pips if you use different lot sized.
The hard thing will come when you select one asset to trade on real account. So if you have 2-3 EAs for EURUSD for example, you will need to place them with different lots as well. Of course, if you are trading with huge lots as 1.23, 1.24 etc is not an issue, but if you trade with 0.01 and 0.02, it would be double trading for one.
Guys, the FIFO rule is extremely clear. If some broker brakes it, you might be in trouble with your money.
Petko has the answer for everything man! What ever I asked him, he always provide great piece of information, very useful. I have been trading 13 years, and still much to learn from him.
Hey Guys,
I have missed to join this topic earlier, as I was traveling.
I have been trading for about 13 years, and the last 4 with FBS Pro and the last one and a half with EA Studio.
I can share just that as much simple as you do it, the better.
I have tried many times to make more portfolios and include many assets, and all the time the result is worse for me.
If you see what Petko does in his courses, he keeps in simple:
1 course with 10 EAs for EURUSD
2ns with 10 for USDJPY – great results the first week for me!
3rd 5 EAs on 5 different currency pairs
99 but only on 3 currency pairs with one time frameWe have discussed this with him in personal lesson I took from him, and what I learned is that he succeeds to keep them all separately, and simple
And this is a thing that eliminates a lot of the emotions and greed, because when I tried to make it more complicated I was always lead by the greed to make more profit in one account..
Hope this helps!
Hey Petko,
I was a bit out of the country. When I got back I saw your recent course the Top 10 USDJPY EAs, placed them imidiatelly on Demo, and I am happy with the results from the first week man!
How do they perform with you from the beginning?
well, the Scam brokers will always continue to work according to me.
I am trading for many years now, and the last days looked for another broker to extend my trading. They nearly succeeded to take my money by promising huge bonus when funding the account…I do not believe this sh..
Hell David,
that is personal choice…basically this depends on the following:
1. How much money you will have in your account
2. How many EAs you are going to place there
3. How much risk in total your EAs could bring in one moment
4. What is your money management?
You need to have a good balance between these things, because if you use small margin and in the same time you place many EAs it wont work. As well if you have a small account with many EAs, as well it might be a problem.
The best thing is place on Demo(size as planned) the number of EAs that you want to trade, and you will see in few weeks times if all is good, or what you need to change.
Kind regards,
Petko AHey David,
that sounds pretty interesting. Let me know how it goes with the robot, I would be interested to update some of the courses with it. Of course you will let me know how much that would cost.
About the broker, it is great you share, so other traders from US will have an idea if they face the FIFO violation. Just please do not put links, anyway we will need to remove the post.
Kind regards,
Petko AHello Jacpin,
Glad to hear that you had no problems getting some money out. This is the biggest “check” you can do with a broker.
Anyway keep eyes opened always, and as they say ” Trust no one but yourself” 🙂
Let me know if you have problems in future, it is interesting for the other traders from US to use this broker. Also, many ask me which broker, so i can give them an idea.
Have a great evening!
Petko A