Overall growth on my ac now is 75.76% as we finally came out of the drawdown.
Looking at it from the profit for the week point of view it was good but the long drawdown & the lack of hedging kicking in when the main account exceeded 40% drawdown is a bit of a worry for me.
The response from AFT is that there needs to be ‘certain criteria’ met before the headging kicks in which they wont reveal. I would have that exceeding 40% drawdown would be sufficient criteria to make you want to trigger a strategy to get you out of the trade successfully.
I’m not a programmer nor would I claim to be a trading expert so they may be right but it’s spooked me enough to take my balance down to the minimum £1000 but put in on 100% risk (minimum with £1000) & monitor it less. Will keep updating the results but will be adding the other £1600+ into 3 other services i’m using which are currently going well.
Overall growth on my ac now is 73.8% & it was a good week for AFT with my account growing over 3%.
The sell trades taken in eur/jpy have not gone our way, to say the least, and i’m currently looking at 15% drawdown on the account. Its going to be an interesting opening tonight with a lot of commentators giving eur/jpy as a strong buy so we’ll see. We may even get to the level of the fabled ‘hedging strategy’ & finally see it in action.
Fortunately I’m on 50% risk so, according to previous information given by AFT on the old incarnation of the website, this should kick in at 20% risk for my account. Should be interesting either way.
Not sure whats happened to the myfxbook display but its separate out the growth & equity growth – may be something I’ve done.
More good news with John’s other service , the FX2 Fund. Its now up 12% already for April and looking like we’ll get the full 13% interest at the month end.
A couple of days ago John tweeted that the month was very slow , very sideways but its quickly turned round and the months looking good again.
I’ve left my profit from last month in so i’m ‘investing’ with £540 now (that was slightly more than I should have received but I think John just rounds it up. Did point it out but he was happy to leave it). As I said previously i’m leaving it all in – or at least until made deposit back, not sure.
Couple of weeks in with ForexMeister and their copytrading service and its showing steady growth at +6%. Totally hands free this remember – I’m only using £250 at the moment but as with everything I try after a month or so testing i’ll increase the bank.
It was easy enough to set up , by the way, and everything has worked perfectly so far – low drawdown and steady growth of my account for doing nothing. Whats not to like? Remember if you need any more info please let me know and to contact them directly register on Telegram & join this channel. t.me/forexmeister.
Still slightly ahead with PipTalk but only slightly and certainly doesn’t seem to be performing as well as previous months. Users in the chat rooms are stressing how well its performed this year so i’ll keep the faith and hope its normal service over the next few weeks until the end of the trial.
Remember this service doesn’t charge anything if it doesn’t make you 1000 pips in the month.
Just to confirm again these guys are solely on Telegram until they complete their website – download the Telegram app & get the full service info here t.me/PipTalkPro . let me know if you’ve got any queries at firstname.lastname@example.org
Now at 70% gain with AFT – i’m still on 50% risk settings as well so may decide to up that to 100% at end of month so I can get to the magical 100% gain. At that point , obviously, i’ll have my initial deposit and i’ll be risk free.
We’re in a trade which has been ongoing since Wednesday – its still only just over 2% drawdown so hopefully should turnaround Sunday night / Monday morning.
Some turnaround for the FX Autotrade EA today. From 25% ‘ish down last night the balance ended around 20% up. I suppose that’s what John’s offering – high risk , high reward and I’ve both in the first 2 full days of being live with it.