Hello guys,
I am wondering if anyone is still following Forex Cruise Control after this over 1000 pips major drawdown since last week. One of my accounts still following him, but i am losing 40% of my capital now, which is around 6k…Should i stop now, or continue to wait for retracement?
Kindly advise. Thanks!
Tensionz
Is there anyway to cut the amount of capital the bot is risking? You might be alright if you can lower the risk until it turns out a few winners again.
Zulu trade is filled with garbage trades. Babypips is more reliable.
ZuluTrade is a good platform imho, but the top signal providers face too much pressure, so they made big mistakes. Yes, we can lower the lot size, and i think my trading size is already suitable for FCC trading strategy. It is just that I have doubt on any rebound for gbp/usd…seems like the price is going way down…
yes…babypips is definitely more reliable in terms of knowledge, and self improvement in trading skill. but i am looking for automated trading which can grow my equity from time to time, in that case, zulutrade is a decent platform…
You mention that Zulu trade is a good platform imho, but the top signal providers face too much pressure, so they made BIG mistakes.
Sorry, but I cannot afford BIG mistakes. Just ONE BIG mistake is bad enough to wipe out your entire profits. How many BIG mistakes can you afford?
I prefer babypips to Zulu trade.
wenlong everyone will make mistakes at some point in forex , unfortunately nobody can win forever , the point is to understand when this mistake is going to happen and to disable the provider at the right time + find a new profitable one and there you go up again.
It would help if you told us where the entry was etc etc.
Details of the trade or trades taken.
hi Nikitafx, thanks for your reply. I have 5 trades opened for gbp/usd, the worst trade is a short at 1.59684, at the moment it is -400 pips. The best trade is at 1.57685. Hmm…do you think it is time for reversal after the big gap this morning?
I dont know how high its going to go up but I think its not going to pass 1.8000 mark before the bears come in again and drive the price south.
1.78 something would be where I would hit a heavy short, provided smaller TF candles support this.
Might be better if you consulted any longer TF traders or even fundamental traders. But judging by the charts, its still bear.
The other option would be to place a SL at the bottom of the current Wave on say H4 and leave it at that.
If price goes south you know where your trades will get cut off and you will know how much you are going to loose. If its acceptable to you than the bottom of the wave is where the SL will go.
imo if the bulls push the price all the way up (and i hope they do) theyll go to about 1.62. so you can either wait it out if you can afford it or close and rebuild your capital.
I see FCC has 6000+ followers still following him ,thats a lot after his crush , i’m wondering if anyone is here in the forums and when are they hoping to be back on green track again.
I am one of these:)
still hoping for the return and he is back on trading with a two day green record!!!