I hope my signal provider will become the best one
Right away, I will tell you about the advantages.
Multicurrency operations. I work with 10 to 15 different pairs. Only one position is open for a pair. It minimizes the possibility of a blow-up, as the pairs can hardly all go into the red at the same time.
Stop. Always and not exceeding 400 pips.
No scalper. The minimal trade closing pip 19, the maximum 66, the average 26.8. We have absolutely no reason to be afraid of slippage.
Lots of various trades. For the period of 16 days, I have closed 133 trades, which makes the average of 8 trades a day. There have been no identical trades. All the trades were for the following pairs: AUD/USD, EUR/CHF, EUR/USD, GBP/AUD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY.
Deposit optimization. The deposit is used in the way that all the money is in the work. I open (only when necessary) opposite positions, which minimizes the risks and optimizes the deposit use.
Online. 24/5. I am constantly following the positions without leaving a chance for a trade not closed in time.
Now a couple of words about the strategy. The strategy has nothing to do with the Elliott waves, the Fibonacci numbers, or any other kind of technical analysis. And the strategy is not based on trading according to the news either. And the main thing is that the strategy doesn't depend on my ability to trade correctly. The essence of the strategy is analyzing the signal providers ZuluTrade and finding the most optimal ones. I'm not going any deeper into details, as it is my own strategy, but it isn't hard to guess about is. The only thing I want to say is that the strategy IS REALLY WORKING. And it is working with flying colors! Of course, it may be still early to come to unambiguous conclusions as it is necessary to work with it for another month or two, but the real time tests for the six-week period provide optimistic forecasts. Namely, no less than 90% of winning trades.
Let's perform a comparative analysis of the top providers including mine.
FLY ON THE WALL
For example, you got a micro Alpari account and 400 bucks on it. FLY ON THE WALL has the Worst Trade of -314 pips, so you can put the Stop of 500 pips. That means you will need, roughly speaking, $50 for one open position. Your 400 dollars are enough for 8 times as much as the position cost, i. e. for 8 lots (not standard, but micro ones). So you can safely set the Lot Multiplier to 8 and the Max Open Trades to 1. In this case you will only have 1 open position with the lot of 8.
Now, the main thing. FLY ON THE WALL opens a lot of simultaneous positions, and you will have only one of them open, so you have to count how many non-simultaneous trades the provider performs in a month. My own counting says that FLY ON THE WALL has made 63 non-simultaneous trades for the recent 3 months, though the stats show that the provider has had about 140 trades. Those 63 positions are the ones that you would have open if you used the abovementioned settings.
Then… The average number of the pips per trade is 18. From my experience I can safely say that you will get some 12 pips. Let's calculate: 63/3=21 trades per month. From each position you would earn 12(pips) x 8(lots)=96 pips. In a month, 21(number of trades) x 96(pips from one position)=2016 pips or $201.
So, having 400 dollars on your account, in a month you would earn 201 dollars, i. e. you would multiply your deposit by 1.5 or added 50% to it.
According to him, he opens 5 simultaneous positions. The Worst Trade 165 pips. The Stop value can be set to about 200 pips. You will need $20 for 1 trade. If you have a micro account at Alpari with $400 on it, you can afford 20 simultaneous positions, but since the provider opens only 5 positions at a time, we divide 20 by 5 and get the lot value. So we have: Lot Multiplier 5, Maximum Total Number of Open Trades 5. Last month he earned 623 pips. As our Lot Multiplier is 5, we will earn 3,115 pips or $311.
For half a month I have earned 2,154 pips or $215. To do so, I need to have $400 on my account, Lot Size Micro, Lots Multiplier 1, Max Open Trades No Limit. So totally, we get about $430 in a month.
If you have a micro account with a deposit of $400, the results are as follows:
FLY ON THE WALL - $201 per month, no blow-up protection.
SystemsFX LIVE - $311 per month.
UZBEKISTAN - $430 per month.
About the account settings. It is advisable to have at least $400 on the deposit. There may be less, but the following settings are shown for a deposit of $400.
Lot Size: Micro.
Lots Multiplier: 1.
Max Open Trades: No Limit. If you are afraid you may set 20, but no less.
No Reverse, Limit, Stop.
As soon as there are at least $800 on the account, the Lots Multiplier setting may be adjusted to 2, and later every $400 should increase it by 1 more. Do not change any other settings.
With a demo account, all the settings are the same, except for Lot Size: Standard.
IT IS RECOMMENDED THAT YOU TRY THE STRATEGY WITH A DEMO ACCOUNT FIRST, WITH THE SETTINGS GIVEN.
Here is the link https://zulutrade.com/TradeHistoryIn...aspx?pid=27990