What a day it is turning out to be. Earlier today, we went long USDJPY at 108.59 and closed at 108.72. Added 1.5% for the day.
Now, went short EURUSD @ 1.1451 and closed 1.1447. That takes day return to 2.1%.
Here is the trade on MT4 charts.
Great month in the new year. 2018 was not a bad year. Made over +130% return. But 2019 looks to be an awesome return year. 🙂
These are all remarkable trading by the fully automated trading system. It has one of the best risk management algorithms which is continuously moving stops to breakeven and trailing. In the above trade, the initial stop was 1.1466 but as soon as the prices moved into profit, stops sprung down to 1.1450. But as prices moved further down to 1.1445, stops moved to 1.1447 in trailing mode. So ultimately it closed at the trailing stop. This kind of sophisticated stop arrangement is unseen in retail trading systems. Over and above that, the trading latency makes the system very profitable and explains the returns made.
You can start access to FXCOT trades by filling up the form and opening a MT4 account: New Application