Forum >> Account size and max lot size advise

Yes, $1,000 margin equity, 1:100 leverage and 0.01 lot size is quite safe, much better than the previous case.

 ok, understood now.. i was thinking if i take all signals and worse case scenario all pairs goes into 300pips drawdown i will only be at a $300dollars floating loss.. ($30x10). Can i say $1000.00 trading on 0.01 of a standard lot is pretty safe?

I will move my leverage back to 1:100

Its OK to elect the strong signals, but you may also get very good results from weaker signals, or strong ones may turn out to be false as well. Therefore, taking all signals is recommended, if you want to see results similar to ours. The 1:200 leverage is a bit overdone, I would suggest to go back to 1:100 until your equity grows bigger. But it is up to you of course, you may get excellent results if you follow your current path, but it is not a tested strategy, while ours is a statistically robust model, verified by a two-year forward test.

 my leverage is 1:200

 Oh yes i am using 1000 ej and 1000 usdnzd, i am not sure if i am cherrypicking because i make sure its a strong signal like 85% and above before i trade, does it make sense or am i doing something wrong?

Hi ysfxsignal,

Yes, the 500 (USD I suppose) micro account seems to be a bit too small. Still, you can trade our signals profitably, but be prepared that it will take a long time to grow your account balance significantly. The 0.01 is presumably the lot size. As trading platforms are quite different, please let me know the number of currency units it covers (like 1,000 EURJPY). What is your leverage? It is also important. This position size is OK at a leverage of 1:50, maybe 1:100, but not for 1:400, which is not a rare thing at all. How about the other signals? Are you cherrypicking, too, just like Cheekypete? In this case don't expect your performance being similar to ours!

I would suggest to trade our signals on a demo for the first month, just to get familiar with the system and to see how you can trade the signals most effectively.

Silvertrader

hi i like to know if my 500 Micro account is too small to trAde your signals? iI just entered 0.01 each for eurpJPy and  USDNZD. if it could margin my account please kindly adice.