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Download pips sure ea amazing from 500 to 2000 dollar in two month real account

Actually, my Start Lot was 0.05 with only 1 setfile with 2 charts, 1 for Long & 1 for Short.
I started on Friday also, but it just kept on selling when it was going up.
I was actually shocked that it wiped me out.
 
but why did you use 0.05 lot per $200 balance? Try VTMarkets ECN account. You get 100% welcome bonus. Invest $500 and within 1 day you get another $500 on your account. You can get up to $1000. Then you can recover your loss faster. Or better use M5 and M1 in one account each 0.03 lot on a $1000 account.
 
So far, I've been using 0.01 lots per $200 in my demo accounts (0.05 for $1000), but I think I'll reduce that even further in the future. Or rather, I'll let it trade like this for a few weeks without increasing the lot size as my account balance grows. I'll probably only increase the lot size by 0.1 after a month (around 35-50% profit) to see how it performs in the long run. I started with €500 last Friday with my live cent account.
Currently, I'm trading with a 1-cent lot (equivalent to 0.01 standard lot per €500). Theoretically, I could increase the lot size by 10% after a 10% profit. That would keep the risk almost the same. But I'll probably only increase the lot size by 0.1 cents after at least a 20% profit. Then, after another 20%, I'll increase it again by 0.1 cents. This way, the risk decreases as the account balance increases. But everyone has to decide for themselves how they want to approach this. If the maximum drawdown remains consistently below 30-40% (even with news and high volatility), I could maintain that risk level. But every trader is different.
 
JonnyScarface said:
I'm based in UK, so am not sure if I'm able to get the leverage that I want which is 1:500.
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that's a problem of course. So far I know only some offshore Broker like FP Markets, Pepperstone, BlackBull Markets or FBS where you would get 500. Maybe IC Trading too. I can't test this for you. I just asked my friend ChatGPT and "she" told me, that VT Markets and PU Prime are not allowed to accept clients from UK. I'm German and we have max leverage 30 too, but I could open accounts at Roboforex, PU Prime and VT Markets, IC Trading without a problem.
 
I've been looking at your trades & I don't get why I was wiped out today.
It just makes no sense.
I think it's definitely the broker, so I'm going to have to look into that seriously.
 
JonnyScarface said:
Yeah, I personally think you need minimum $1k per setfile.
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it depends on the setfile. if you would use M5, HiLo to false and STD to 0.002 I think 0.01 lot per $200 should be ok. That's exactly the settings I use for Europips 1 Demo account. 21 trading days, 29,9% profit with a max DD of 9,41%. This should be ok for a long time. There should still be enough room for high volatility days. Of course you could use more balance for more security.
 
Trekkafara said:
it depends on the setfile. if you would use M5, HiLo to false and STD to 0.002 I think 0.01 lot per $200 should be ok. That's exactly the settings I use for Europips 1 Demo account. 21 trading days, 29,9% profit with a max DD of 9,41%. This should be ok for a long time. There should still be enough room for high volatility days. Of course you could use more balance for more security.
Click to expand...
How many chart do you attach ? still 4 chart ( long 1 Min, Long 5 Min, Short 1 Min, Short 5 Min )
 
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