Learn How to Best Manage Your Copy Trades
Trade Management Overview:
Resources:
Learn the basics of Forex: BabyPIPs
Download/View the "Trade Receiver" Manual: Click Here
Learn the basics of MT4: Click Here
*this is a free course, no need to purchase anything there, just access the free course.
In Depth Trade Management Ideas:
Learn Exactly How To Trade The 10 PIP Automation Feed for Maximum Success: Advanced & Prop Firm
Additional trade management ideas not in the video:
1. you could accept all trades always, and just control the overall numbers with lot size (obviously a lower lot size than you would if you were taking limited pairs).
2. You could make your list of 21 pairs, and simply add one pair at a time and slowly ramp up, adding the next pair and getting a feel for how it all works.
Simplified Way Of Choosing Pairs:
Below I've split up the 21 pairs into 3 choices, you can choose a group of 7 based on the amount the pairs move per day; then bid according to your account size/risk-tolerance. This is just a generalization.
FAST MOVING
EURNZD,EURAUD,EURJPY,GBPJPY,EURCAD,EURUSD,GBPUSD
MODERATE MOVING
USDCAD,AUDJPY,CADJPY,NZDJPY,CHFJPY,AUDUSD,NZDUSD
SLOW MOVING
AUDCAD,NZDCAD,CADCHF,USDCHF,USDJPY,EURGBP,AUDNZD
Advanced Trade Management: Trading Fewer Pairs In Recovery
I'm beginning a training series posted to YouTube where I manage in real time 3 different accounts using my copy trade service; accounts of $3K, $10K & $100K. This will be built out over time and linked to below.
*Note: each account will have its own playlist, so if you watch one video the next in sequence will play in each play list.
Available now:
$3K PlayList CLICK HERE
Get access to the "Robot Recovery" Robot/EA and how it works, how to install and how to set any currency pair into recovery from drawdown.
Need Help? Contact Me Here
Terry Lamb
FXwithTerry.com
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