FX Money Machine

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FX Money Machine Discussion

Jul 17, 2013 at 05:11
8,723 Views
120 Replies
Member Since Mar 28, 2012   1 posts
Sep 10, 2013 at 18:43
I have to say that this is quite amazing. I've never seen good trading like this. I'm in the 95% of course, but this is very cool.

I would hope to be able to take part live one day. Congrats on your great system and discipline to trade it well. :)
Member Since Jan 11, 2011   84 posts
Sep 10, 2013 at 19:38
thanks. pls share the word about it. Thanks :)
Member Since Aug 21, 2012   47 posts
Sep 10, 2013 at 19:52
I wonder why you're suggesting to people that they follow your AutoTrade account with 0.1 multipler for each US$1000 in their account. AutoTrade will scale its trades according to (amongst other things) the balance ratio between the provider's account and the follower's account. Therefore, if the follower has 10% the balance of the provider, all other things being equal, with a multipler of 1, the follower will trade at 10% the provider's lot size.

I'm following your account as a demo subscriber, because I've seen too many high-flying accounts crash and burn. Once I've watched for 3 months, if I like what I see I'll subscribe. I imagine others are following similar tactics.
Member Since Jan 11, 2011   84 posts
Sep 10, 2013 at 20:02
Hi Beren,

thanks for pointing this out to me. I thought that the autotrade with lot multiplier of 1 will take the same trade sizes like my account.

I will check about this and will advise accordingly.

Thanks once again.

BR
Steve
Member Since Jan 11, 2011   84 posts
Sep 10, 2013 at 20:17
You are right Belen thanks.

To all subs.

Please adjust your lot multiplier to 1. Lot size is calculated automatically by autotrade. Make sure that the lots being taken do not exceed 0.1 lots per $10k in your account balance. So prorata it's 1 microlot (0.01 lots) every $1k.

Hope it's clear. This is very important so you have the correct exposure and leverage in the trades.
Member Since Mar 01, 2013   10 posts
Sep 10, 2013 at 20:45
Great job so far Steve, no one expects to receive 90% in just over 1 week, but if u keep up a steady return over the next few weeks, i'm sure you will be up to 100's of subs in no time.
Member Since Jan 11, 2011   84 posts
Sep 10, 2013 at 20:52
Thanks :) Lower your expectations though. My target is 5 to 10% per month steadily.
Member Since Mar 01, 2013   10 posts
Sep 11, 2013 at 05:21
Sure, I think 5+% is great.
Member Since Sep 11, 2013   2 posts
Sep 11, 2013 at 07:14
amazing stuff my friend
Member Since Jul 04, 2011   24 posts
Sep 11, 2013 at 15:59
This is a very good job that u are doing. It's rare... Hope it will keep going that way. Good system, good communication, good marketing. Congratulations.
Member Since Jan 11, 2011   84 posts
Sep 11, 2013 at 18:15
thanks :)
Member Since Aug 26, 2013   1 posts
Sep 12, 2013 at 08:30
bom trabalho cara, irei apostar em você!!! sucesso
Member Since Jan 11, 2011   84 posts
Sep 12, 2013 at 08:31
thanks heitor :)
Member Since Jan 11, 2011   84 posts
Sep 13, 2013 at 10:58
Hi all,

There seems to be a problem with the lot sizes being taken by autotrade.

Can all live subscribers please send me their fxmoneymachine autotrade page so that I can check the lot sizes to the account balance. The email to use is [email protected]. No need to send login details, just a screenshot would suffice.

I need to make sure that all live accounts have the correct leverage.

Thanks and Regards
Steve
Member Since Nov 26, 2012   43 posts
Sep 13, 2013 at 11:05
whats the account, minimum balance,broker you recommend
Member Since Jan 11, 2011   84 posts
Sep 13, 2013 at 13:13
At the moment there are only 2 brokers available with autotrade (Pepperstone and FXCM).

Min Balance recommended is $5000. However, there are accounts with less than that amount.
Member Since Dec 14, 2012   6 posts
Sep 13, 2013 at 16:00
At the moment I have 14 open trade , is this correct?
Member Since Dec 14, 2012   6 posts
Sep 13, 2013 at 16:01
Can I open a Live account with $1000?
Member Since Jan 11, 2011   84 posts
Sep 13, 2013 at 19:30
JJHH posted:
At the moment I have 14 open trade , is this correct?

Yes that's correct. That's why I use small lot sizes so that when the trend is strongly in our favour we can built positions.
Member Since Jan 11, 2011   84 posts
Sep 13, 2013 at 19:31
JJHH posted:
Can I open a Live account with $1000?

Yes you can. Make sure that you have fixed lots set at 0.01 lots no more. I want leverage as our friend not an enemy.
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