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Signal - LYC FX
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Thanks, but I still don't see how it works.
The JPY to USD is roughly 100:1. If I follow the signal, but my account is USD, does that mean an auto conversion of some kind will take place during the copy process? If, for example LYC FX makes a .13 lot purchase, what purchase would I end up seeing in my USD account? And where would that conversion take place, in simpletrader.net or via mt4?
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Originally posted by edwardopp View PostThanks, but I still don't see how it works.
The JPY to USD is roughly 100:1. If I follow the signal, but my account is USD, does that mean an auto conversion of some kind will take place during the copy process? If, for example LYC FX makes a .13 lot purchase, what purchase would I end up seeing in my USD account? And where would that conversion take place, in simpletrader.net or via mt4?
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What I like about this signal in an exceptional risk-adjusted return. With the worst drawdown to date 7.93% and the average monthly return 4.85% it would take less than two months to recover.
I like to see the maximum DD of no more than 20%, so for this signal I can safely set a multiplier of 20/7.93=2.52 and expect huge 12.2% average monthly return. Since the signal is still relatively young the DD can exceed my limit in 1.5 times, so I'll actually cut it off once it hits not 20% but 30%.
So it's like a hidden gem which definitely deserves more attention. It would be great if a signal provider could appear in this thread and tell us a little bit more about his trading method and his approach to money management.
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Originally posted by Stingr View Post.......So it's like a hidden gem which definitely deserves more attention. It would be great if a signal provider could appear in this thread and tell us a little bit more about his trading method and his approach to money management.
In fact he closes about half the trades before he reaches either. Most trades are closed in about 3 to 4 hours. The longest trade closed in 8 hours 1 minute. No sitting on huge open DDs for months on end!
A monthly gain of 4.53%, max DD 8.58%. Most traders would die for that! Though it's a pity that he hasn't more in his account. Glad to be a subscriber.
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