Live Results from Monday 21st Cannot be Used for Prop Firm Trading
Last 3 months gave 30%, 42% and 45% returns. Trading Volume is $10+ Million a Month. High Frequency S&P 500 Trading (35 Trades pw 35%+ pm) In response to the impossibly difficult Forex/Gold trading conditions, we have developed extremely profitable Algotrading software for scalping the M5 S&P 500 chart with an average under 10 min. trade length. Originally making over 30% a week, conditions became impossible when 'Tariff Wars' started so we have switched to trading the European and US sessions continuously for 10 hours a day using very, very safe settings to recover all and any losses for a reduced 35%+ a month with extreme safety. Of course, we use the Rich Lazy Trader indicators and technique but automated. There were two 'normal' options for this new trading - either sell the software or create a client Investment Account. The first has the problem of different brokers and frequent updates to settings if and when conditions change (not to mention the chaos when server times change when the clocks change) and the second is simply so much stress and responsibility that trading becomes a nightmare! So, the solution was copy trading. Copy Trading which will actually work regardless of your account and whether you have MT4 or MT5, as long as you have high leverage. However, for best results use a Standard IC Markets MT5 account running on our recommended VPS located in Amsterdam - the same as ours. Use the International 'Global' website to get 1:500 leverage. Note the 1:500 refers to Forex, not the S&P which is lower!
New Recommended Broker for US Clients zForex gets very good reviews and is one of the highest rated brokers on TrustPilot! A test reveals that you need to use a LotSizeMultiplication of 0.1 per $800-$1,000 capital. Choose MT5 Raw account with 1:500 Leverage. Ideally, your broker should have the S&P500 (US500) with 2 decimal places. If it is called other than US500 this needs to be figured into your receiver software. Installation and configuration are covered below. If you have a low leverage account, you need to reduce the trade size accordingly and you will get much lower profits. Default $1,000 Capital but can be as low as $100! However, $400 recommended Minimum. Subscription is $49.95 a month. The copying software is free and simple to install using a free mobile verified account created with FxBlue.com and full instructions are below. Subscription will run until you cancel it. $49.95pm Installation and Guide Once you have paid your subscription and emailed me your FxBlue username, I will send you a confirmation that your copytrade account is set up my end. To get to this stage, you must first create a free account with https://fxblue.com and navigate to the page where you can download the Mirror Receiver software by clicking the image below. Click on the 'Accept Invitation' and also download the receiver software for your MT5 or MT5. You must run your MetaTrader on a VPS to ensure a permanent connection, so download from the browser in your VPS and double click it to install it on the right MetaTrader. Restart to load and find the S&P500 (US500) in Market Watch (Right click Show All if it is not already there). Right click in the window and open up two charts - one to see the trades and one on which to load the software (any instrument will do). Close Market Watch and open up Navigator, open up Expert advisors and drag the FXBlue Trade Mirror Receiver onto the unused chart and fill out the settings as described below. Obviously enter the FxBlue username and set it up as described below. Most can be left at default but make sure the MessageServer is the Main Hub in Europe. CustomSymbolMappings need to be filled in IF your broker does not call the S&P by the name 'US500' - which is what my broker calls it and so will send that to your MetaTrader. Often, a broker will call it SP500 in which case you need to input US500=SP500 and add any prefix or suffix your broker uses - for example US500=SP500r The other crucial settings is Lot Size adjustment and you MUST use LotSizeMultiplier. Safe default size is $1,000 capital but can be as little as $800.This gets complicated because your broker may use different Lot sizing! To find out, go back to Market Watch and Right click on your US500/Specification. Find Minimum Lot size - if it is 0.1 then that is the same as mine but if it says 0.01 then you need to enter 0.1 so that if I trade 1 Lot, you will trade 0.1 Lots which will be the same dollars per pip! This is per $1,000 capital so, let's give some examples. You have $1,000 and your minimum Lot size is 0.1 then you need input 1. If you have $500, input 0.5 and if you have $5,000 input 5. Now if your minimum Lot size is 0.01 then for $1,000 you must input 0.1, for $500 input 0.05 and for $5,000 input 0.5. These figures can be reduced to $800, $400 and $4,000. All these will give the same risk factor as my trades. Do not choose FixedLotSize as my Lot size will change frequently in order to recover losses! This is why it is better if you can use an IC Markets account but it really is not necessary. Your connection to my trades is made when the 'Heartbeat' says it is connected to richlazyct. Although the software averages about 7 or 8 trades a day, in practice you will get less because I turn trading off when we have a good profit for the day. |