How to use my systems “cnueurusd” and “cnu5pips”.
As there is no word restriction as in status update, i can happily explain the things here in detail.
Have you ever thought of earning a consistent profit from forex?
The dream of every trader or any forex investor is to get some profit consistently every month… that may be 5%, 10%, 15% 20% or whatever…
But what actually happens is, we will earn some good money for few months and then lose everything in the next few months and gets our accounts vanished.
Top traders who performed really well for years failed later and made investors lose their accounts.
So what about this EA which i will be mentioning from now as my system… Can this EA earn you profits consistently every month? How far we can depend on this system and how far it is safe to put all our eggs in this basket and how to actually manage and make use of this system?
Let me explain you everything in detail here.
First of all let me clear you one thing, this system should not be used in the way the great top trader is using, there were many traders in zulutrade who performed really well for many months and become top trades with millions of money following them and suddenly vanishing investor accounts.
When the traders get more and more investors, they go like crazy and open meaningless number of trades like 8, 16, 32, 64 whatever they like… Its good to open a number of good positions, there is no doubt about it but what is the fun in opening many positions at the same time, at the same price and in the same direction? It is just to climb the rank and nothing else.
This system is purely an automated system and the best thing about this system is that it almost has more than 95% winning and 95% accuracy in opening trades and there is a worst thing about this system, the worst thing is this system is not programmed to close the negative trades. Of course we can setup the stoploss at any level but that wont work good for us. Best system should be able to close the negative trades with minimum loss by itself which is not happening with this system. The so called 150 pips that you see in your trades is just the default value of the system and we can change that to anything.
Let me ask you one thing… Why do you guys need any trades like 8 , 16, 32, 64 etc which are opened more or less at the same time, same price and in the same direction? For traders, it will help in increasing our ranks for sure… Because 5 pips on 8 trades makes 40 pips per day and for 16 trades it makes 80 pips a day and our accounts shows beautiful 500-1000 pips per month bars and our rank will spike up. But as investors what do you get actually? You wont get anything else other than risking your account.
How to get fixed consistent profits every month:
Suppose you have 1000$ as your capital which u would like to invest into this system… What should you do now? with how many lots you should follow? what kind of risk you should take?
First decide how much income you want on your 1000$ capital. The more and more you want, the more risk you will be taking. Please dont ever go for tens of trades and copy your traders as it is…
Suppose if you are happy with 10% per month which is 100$ on your 1000$ capital… Then, this system trades every single day with a tp of 5-6 pips on average. So now just open a single trade with 0.1 lot… A single trade with 0.1 lot will earn you 5$ per day for 5 pips and for 20 trading days, it will be 100$ which is your target… What if the system goes against you? first thing is the system wont close the negative trades… So what next? Do we need to manage the trades or let the trades run to hit our tp or let the run to run till it blows off our account? The ideal strategy that we all use is use 100 pips as your stoploss. So with 100 pips as stoploss you will be losing on the worst day 100$ from your account on a single trade and you will be left with 900$ again in your account. Again you can do the same thing to earn 100$ per month and if it goes wrong, you will be with 800$ remaining… You can continue to do this till you are left with nothing…
But historical data shows our system never had a dd of more than 87 pips per trade and so the very chance of reaching your 100 pips sl is very very less and having 100 pips dd continously for ten day to blow your account is just no possible… ofcourse anything is possible in forex, that a different matter…
Like this you can decide your reward and risk… if you want 20% per month, then trade with 0.2 and you will earn 200$ per month and sl will make you lose 200$ on a trade… and if you want 30% trade with 0.3 and for 40% trade with 0.4 and for 100% trade with 1 lot…
This is how you should be using the system… opening multiple trades madly and waiting for the trades to hit our tps if it goes wrong, getting panic etc is not a right thing.
Difference between accounts “cnueurusd” and "cnu5pips"
Both the systems are same and uses the same settings. I am just running cnueurusd to see my name in Top100 List.
cnu5pips has a purpose. It will have manual intervention and not left to the EA to close the trades. Whenever trade is opened by the EA, the tp is set at a fixed value of 5 pips. What can you do with this 5 pips per trade per day? I want whoever are interested to invest just 0.01 lots in this system. Dont use much in this system. This system also uses 100 pips as stoploss. So for 0.01 lot, you wil be earning 0.5$ per day and 10$ for 20 days. If we hit sl, then we will be losing 10$ for 100 pips. Now after 20 days, you will have 10$ and 10$ as initial capital… Now your capital will be 20$, now change the lot settings to 0.02 and you wil earn 1$ per day and 10 for ten days, now change the capital would be 30$ and change the lot setting to 0.03… Like this if you manage your trades and continue following, you will be turning 10 to 100 in 58 days and then to 1000 in 109 days. If your SL of 100 pips which has not happened since the inception of this system, you will be losing only 10$ of initial capital. Start again with 10$ and continue doing the same… So the whole purpose of this system is to turn 10$ to 1000$ in 109 days which is very much possible and you just need patience and practice.
Now that you have two people using the same EA and providing trader accounts ( i know there are 10 more traders who are using same EA with trading accounts), which one you should choose? You can choose anything but just use it as i explained it above. The top trader is just lucky in opening a trader account earlier than us in March and we people came later but that does not mean we copy him, we are just using the same EA… Thats it.