Learn more about Satang FX Forex LARGE ACCOUNT
The aim is to deliver a conservative return between 2% - 3% a month with a maximum hard stop loss at 5%, however a manual close at lesser draw-down is usually employed.
Its recommended to follow at 1.5 x Max Risk
Pairs Traded: USD/CAD, AUD/NZD and AUD/CAD
No Exotics, Commodities, Indices or Cryptocurrencies
Maximum number of open trades: 30, commonly 10-15
Our strategy involves both technical and fundamental analysis of currency markets that can result in trades in a variety of currency pairs. Time frames used are 1D/4H/1H/30M to determine the best entry, ranging from short term scalping that lasts a few seconds or minutes, up to the occasional trade that lasts over several weeks. The average trade duration is currently 24 hours (reported by Myfxbook) however this may change over time.
Trades are placed with the use of automated systems to avoid human error and risk management is active with professional oversight of all positions. Trades are a method of scaling into and out of positions.
If the original entry moves against us we use a basket of 10-12 positions to average out of the basket, in the event of draw-down the goal is to exit the basket at break even or a small profit, while we have been criticised by investors about not taking additional profit, we feel its better to take risk off the table, If we project that price is moving in the favorable direction of the basket, yes it will close at break/even or small profit but then re-enter one position or two positions with less exposure in the same direction in hopes to capitalise with the trend.
Its recommend to follow at 1 x risk you will need at least $7000, of course you can use a lower amount of funds with a higher risk multiplier but this is not recommended,
Also its advisable if positions are in drawdown it is the best time to copy as you will gain a better entry price,
Its recommended to use ECN/STP brokers with tight spreads.
MAM running at 1.5 x Risk is also available with BlueBerry Markets, minimum investment USD or AUD $7,000 required.
Performance Fee: 30% based on a High Water Mark
Note: MAM is not available to USA or JAPAN clients