You probably saw it. The crazy EURUSD bull run that lasted over a week did give us a hard time – however, #FireYourBossV2 managed to turn the tables on the markets to post a 14.5% gain in June 2019! That’s not all. July started with 1.42% on the first day! I will show you how we did this, and got off to a great start in the video at the end of this post!
Check out this picture!
By several accounts, June was a difficult month for hedging-type and grid-type EAs in general. Other pairs like AUDUSD and NZDUSD carry strong correlations to the EURUSD and a friend of mine with a competitor system would up over 50% in the red.
Starting July With a Bang!
As mentioned July is off to a great start, with 1.42% gain on July 1, and by now, it is already 2.56% up as you can see in the earlier picture.
As a system developer who has had 7 years’ experience in developing trading strategies, I am obviously well-aware of the short comings of each kind of strategy. Therefore, FireYourBossV2 system is not just made of one, but several strategies together. Namely, trend-riding, hedging, and scalping. Find out more by Clicking Here.
My Forex Hedging System Survives Big One-Directional Movements With Low Drawdown!
For those of you who track my Forex PAMM’s performance on the myfxbook page (link can be found here), the floating loss you may have noticed was NOT from the hedging module, but in fact, the scalping module.
I think the hedging element which makes’ up the bulk of FireYourBossV2‘s profit is currently at it’s best. Here’s why…
The New Hedging Component “Smart Blind” Logic to Reduce Negative Pips!
By improving the settings and rewriting some code, FireYourBossV2 is now able to ride trends more thoroughly, and when not trading with the trend, I’ve adjusted the hedging martingale element to exit the counter-trend on the nearest pull-back with small, regular profits. This way, I am able to reduce the total number of lots accumulating “negative pips”. All this is hard-coded into the Expert Advisor’s function. It doesn’t even need to crunch numbers, or data, or know what’s happening on the charts. You can actually compare the way it now works, to how a mole is able to find it’s way around within the ground and get through life!
You will see how I have achieved this in the video at the end of this post…
What The Glitch Really Was About?
What happened with that I previously experienced “order send error” when stop losses were enabled. In order to solve that, I had my programmer switch this to hidden stops. Unfortunately, it did not trigger, and the market made some surprise spurts one after the next. So how did I handle this? Read on in the next section!
How FireYourBossV2 Defeated The Odds…
It’s true. Many systems “died” in June. Either they sustained heavy drawdowns and went bust or they were de-listed from sites like MyFxBook by strategy owners. The main reason why we came out on top is due to my knowledge of trading and time invested into building this trading system from the ground up.
As mentioned in my blog post review on Zulutrade, many system-owners out there don’t really have an in-depth knowledge, or actual commitment to the success of the systems they create. Many simply re-hash downloaded systems with different sets of settings with only demo accounts, hoping to earn subscription money. On the other hand, I have a vested interest in my forex PAMM systems. For the first 2 months of running them before people caught on, my personal funds have made the majority of the funds traded.
I truly believe that the success of any Forex Managed Account System relies on a good blend of complementing strategies, and also a keen eye of the developer for market conditions or system problems and the clear, decisive mind to take the necessary manual interventions.
You may also like to read my article “7 Things You Should Know Before Signing Up For A Forex PAMM To Enjoy Your Profits Without Anxiety”
Youtube Live Video Update: #FireYourBossV2 Strategy Performance Tweaks and Updates
For more information on FireYourBossV2, the Forex Managed Account PAMM System I operate, how it works, and details on getting started, Click Here!
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