Long Awaited Earnings report

Earnings Report

I have been absent for a long while due to work commitments, business activities and being otherwise busy. I have also been busy setting my automated trading account to fulfill one of my yearly goals. This blog post serves as an update and overview on how the account has been performing thus far. It was launched at the end of August 2017 as you will see from my 3^rd party verified account and at this point the account has grown over 40%.

EA chosen

EA	Email response	Cost (USD/EUR)	Drawdown %	Win/Loss %	Pairs Traded	Monthly Growth %
FX Stabilizer	y	265	6.57	62/66	EUR & AUD	16.13

As you can see from Above the Expert Advisor (EA) that I had chosen after careful evaluation, research and comparison to other EAs is called FX stabilizer. There are two different versions for this EA with one of them optimized to trade EURUSD pair while the other will trade AUDUSD. Expected monthly growth rate is at 16.13% (much more than any bank will offer) and a very low drawdown of 6.57%. Initially the monthly growth rate was at about 7% then went up to over 12% in November but went down in December due to a restart of my VPS which has nothing to do with the EA. Overall the EA has performed nicely with an actual win rate of 72% as you will see from my record.

Initial Capital

The Account started with US$999 as trading capital. Current equity is now US$1410. The recommended starting capital for using the EA is between US$1000 and US$1400 depending on if you are using the durable mode or the turbo mode of the EA. It is always recommended that you should not trade money you can’t afford to lose as forex is high risk and you can lose more than your starting capital.

Public Report

The report of the trading account can be seen on Myfxbook by clicking here. Myfxbook is a third-party trading account verification system that is being used by various entities to verify track record and trading performance. This is a transparent system that helps to reduce any uncertainty when looking for trading systems to utilize. They also have an autotrade feature which I will become a part of.

Next Step

The next step for KNHFX is to select another EA from research done and test it out then provide a report on it. There are a number of other EAs that is being researched as well as other trading systems. Keep following for more trading advice and tips.

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