The system is 100% automated and tries to exploit the daily fluctuations of the most active currency pairs. It is a combination of scalping techniques (aiming for 5-10) pips and swing trading. The initial capital of the account is 1000EUR and the positions that are opened are 0.06 and 0.04 for every trade and may scale up to, but not more than, 4 steps per trade. So, accounts that follow with 100% and have the same amount as the Master account will open the initial position with 0.06 or 0.04 lots. An account with 500EUR will open the initial position in a trade with 0.03 or 0.02 lots. An account with 2000EUR will open the initial position with 0.12 or 0.08 lots. Total risk of the trading system is 30% which means that after a total loss of 300EUR trading (for every 1000) is halted. Daily objective for this system is 2-3%.
Trader with 24 year experience in trading.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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