Smart Squared!

[oportunis]

Actually it's better if you join when trades are in DD, you get profit if they close at BE as your entry is better than original and you get more pips. Also your loss is smaller if closed at SL. In no case connect when trades are in profit as you get less reward and more risk!

[MikeGC]

Thanks Nick and Vijay. It's a great performance and I look forward to following the signal.

I should point out to new followers that it is import to follow the recommend settings, particularly the multiplier, the DD shut down, the maximum number of trades, and the risk settings.

I was stopped out last night at the max DD I set (25% or $250) because I have opted for a bank of $1000 and GBPJPY is already down $700 on the follower account. This wasn't enough room to breathe for Vijay's algorithms.

But the issue I have with SimpleSignals is that as soon as I connected to the signal (7th March), it launched the four trades in GBPJPY which had been placed on 1st to 3rd March. The big issue is that they were launched at current prices as you would expect, and I suppose I was in luck in that respect as the loss would have been much greater at the original trade prices.

So take heed of the following:
1. the DD setting you enter relates to the follower account balance - in this case $6620.
2. the trade sizes are also related to the follower account size, so your multiplier should be in the same proportion as your account size. This with an account of $2000 which is the minimum Vijay recommends, you would need a multiplier of about 0.3 or 1/3rd the size of Vijay's trades.
3. the maximum number of trades - it can be set to 1 until you are sure of your settings.
4. the timing on the connection of the signal to your account - certainly not of you are going to get 4 trades opening at a large loss the second you connect. Best wait till there are no trades or least going to be showing a profit when you connect.
5. if you are going to track Vijay's account on Myfxbook, you need to connect the Follower's (Nick's) account.

Good trading!

[bull_2nd]

Hey Guys,

We have been at the maximum Drawdown on smart2. I have been reading each and every forum post. Some posts are about gaps between trades and some about not trading GBP or JPY at all. I thought i would post once there is some semblance in the account or may be some danger that i have to communicate. I have only communicated that i am managing the trades closely and not more than that because i did not want to engage in discussion and want to be with open mind. That will help in my trading.

If you seen my trades are in accordance with the trend. GBPJPY has been declining for more than a month. Fundamentally GBP is down. There was another occasion recently GBPJPY has gone up 650 pips and continued its downtrend. I am expecting a similar thing. Ofcourse if it goes against us completely, i ll book losses in phases. You have seen me take losses. It will not go beyond 25%. i will stick to the rules.

I have couple of things that i consider that require changes in the system. They are small but very effective. It will only reduce the DD and give me more room to manually manage the trades.

I will do my best to exit at break even or at small losses.

Thank you for the update Vijay. Do not care about trolls and useless posts.

I follow Vijay since years. I believe and trust him. He works for the long run. Let Master Vijay drive !!

[Anton123]

Anton,
I think Sherif has a point about spacing.
Why do you care why others subscribe to forex signals? Unless forex signals employ trolls to quiet any form of dissent in this forum which I doubt at this point.
So I wonder what is in it for you to question why others join a signal or not?

I could not care less about one joining/leaving a signal.
But if you JOIN a signal, let alone running it with MAMM, it's logical that you should leave the control to MAMM manager.
If he does a bad job, and you think you could do better, then you stop working with him and start working on your own.
Otherwise, it's like riding a car running into a wall, and making no attempt to get out, just screaming "I had told you not to drive this way!.."

[Vidster]

Hopefully there is another better chance. I just don't want to see pound filling the gap. That would make a trouble for this cross

Today we had good chance to close with small loss

[Vidster]

This DD sucks in another way -- swaps are eating my positions. currently 0.4% of account DD is swaps. Anyone else have this level of swap charge?

If it's 0.4% I wouldn't be worried at all. He won't hold those positions for months.

Unfortunatelly this is not lookign optimistic,....

[klass]

This DD sucks in another way -- swaps are eating my positions. currently 0.4% of account DD is swaps. Anyone else have this level of swap charge?

[hking]

Hking ..
I think the best answer to such people is ignoring them ..
This kills them like hell ...
I was frustrated too and ended it with asking him to mind his own business. .. which he hopefully did .. as nick always says stop feeding the trolls till they die ☺☺

Sent from my SM-G900H using Tapatalk

Agree.
However, I just wonder why those who have no constructive inputs other than ask others to shut up or leave continue to appear in forum here.
While Vijay or other signal providers here may be very experienced traders but certain pointers given may help improve their performance which is for their benefit.
One cannot discount that experienced traders are also among subscribers here.
We should all stay civil.

[goral123]

I'm afraid that we will hit 25% today just before/after news from Japan

I trust Vijay. No hard feelings.

[Sherif]

Anton,

I think Sherif has a point about spacing.
Why do you care why others subscribe to forex signals? Unless forex signals employ trolls to quiet any form of dissent in this forum which I doubt at this point.
So I wonder what is in it for you to question why others join a signal or not?

Hking ..
I think the best answer to such people is ignoring them ..
This kills them like hell ...
I was frustrated too and ended it with asking him to mind his own business. .. which he hopefully did .. as nick always says stop feeding the trolls till they die ☺☺

Sent from my SM-G900H using Tapatalk

[Vidster]

By the way I meant no harm by sharing my view on this situation. And for sure I don't want to put any additional fuel to oil here in forum.
Yet again I'd just like to express concerns as no one wants to lose 25% on one trade idea. And if one is willing to risk such an amount let's try to make 10-25% on that single trade idea if trade goes good. I hope it's more clear now.

And as Nick said I might understand this signal provider better over time.

Best,
Vidster

[hking]

Why do you trade MAMM then if you are sure you know better than the MAMM manager?

Anton,

I think Sherif has a point about spacing.
Why do you care why others subscribe to forex signals? Unless forex signals employ trolls to quiet any form of dissent in this forum which I doubt at this point.
So I wonder what is in it for you to question why others join a signal or not?

[hking]

Anton,

I think Sherif has a point about spacing.
Why do you care why others subscribe to forex signals? Unless forex signals employ trolls to quiet any form of dissent in this forum which I doubt at this point.
So I wonder what is in it for you to question why others join a signal or not?