I am guessing that the lack of Customer Support may be a language barrier as the poor english used in the website is some evidence of that. I think the author is French. (unverified)
I think the idea with this service is to understand that the realized profits will eventually exceed the drawdown of the open trades. MaxPipFX trades support and resistance (not verified). You will get an alert by email or text (text not verified). They alert you with an entry price (could be late) no TP or SL. They will send the alert to exit days weeks or months later (could be a few hours late).
I think it is better to interpret this service differently. You can have an open trade that is left open long…and get a trade in the same pair short. So you will need a sub account also…one for longs and one for shorts.
Treat this service like a flow remover. You are going to float unrealized P/L while exiting some trades with a profit during the ride. The traders that can understand what this system does and can live with the negative float can realize a greater profit, comparitivley.
Rarely, this system adjusts its float by exiting for a loss…look at that USD/JPY trade in the published results.
So just letting things ride and not worry about direction can really change the way you look at trading and treat this system like a money machine.
I am guessing that the lack of Customer Support may be a language barrier as the poor english used in the website is some evidence of that. I think the author is French. (unverified)
ReplyDeleteI think the idea with this service is to understand that the realized profits will eventually exceed the drawdown of the open trades. MaxPipFX trades support and resistance (not verified). You will get an alert by email or text (text not verified). They alert you with an entry price (could be late) no TP or SL. They will send the alert to exit days weeks or months later (could be a few hours late).
I think it is better to interpret this service differently. You can have an open trade that is left open long…and get a trade in the same pair short. So you will need a sub account also…one for longs and one for shorts.
Treat this service like a flow remover. You are going to float unrealized P/L while exiting some trades with a profit during the ride. The traders that can understand what this system does and can live with the negative float can realize a greater profit, comparitivley.
Rarely, this system adjusts its float by exiting for a loss…look at that USD/JPY trade in the published results.
So just letting things ride and not worry about direction can really change the way you look at trading and treat this system like a money machine.