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How many trades should I plan for every day?
There can be up to 4 trades running at the same time. They are closed strategically one by one as they have acquired a good profit.
What is Meta Trader 4?
Meta Trader4 is a trading platform used by most major Forex brokers. It is the software used by forex traders to execute trades. Demo accounts are provided by brokers so the user can become familiar with the software before executing live trades.
Do I have to use a certain broker?
The only thing that you have to look for when choosing a broker is that they offer meta trader 4 as their trading platform.
What software do I need to receive the signals?
Immediately after you have subscribed, you will be sent a simple easy to use trade copier program that automatically places and expert advisor program on to your meta trader platform. You make a few quick setting changes including your risk and you are finished.This software allows you to receive signals generated by our trader that are sent out via our central server.
How are the signals generated?
Once the trade copier is loaded onto your Meta Trader 4 platform, the signals sent from the trader via our central server will executing all orders automatically. This process is completely automated without requiring manual intervention by the user after initial setup. You will maintain complete control over your account and using Meta Trader 4 platform can manually liquidate any open trades or execute new trades at any time. Should you lose connectivity to the central server, existing trades will be have a hard stop loss with every trade, but no additional trades will be generated until an internet connection is re-established.
Do I have to keep my computer on?
An expert advisor and a small client application that receives a confirming data transmission signal from the central server. It is essential that your PC maintain constant connectivity to the internet in order to receive transmissions from the central server and to your Meta Trader 4 application through your Forex broker. Broadband is essential.
What if I don't want to leave it running on my computer?
If you don't want to leave your computer running 24 hours a day 5.5 days a week then there is a solution where you can have your meta trader account run on what is called a VPS server.
Are there any restrictions using forex lemonade?
Forex Lemonade is licensed for a single user, with one Meta trader account. You may move it from one account or broker to another but can only be connected to one account at a time. This policy is strictly enforced.
Does Forex Lemonade experience Draw Down?
Absolutely. Draw downs are part of any profitable trading strategy. A trader must be comfortable with periodic draw down to trade the forex market. As mentioned before I don't like draw down, so I focus on patiently waiting for good executions and then allowing up to about 60 pips for a draw down.
What pairs does trade?
EUR/USD Exclusively
How long are positions held?
Typically I will have one trade that is held for a few days and the rest of the trades are held for a few hours, just depends on the market activity and the time when the trades are placed.
How much should I start my trading with?
We suggest you start your trading using a demo account. This way you get a feel for the system and its performance before trading real capital. Once ready, we suggest starting with $2,000 or more on mini account.
We suggest a mini account because of the possibility of the amount of trades that you might have going at one time. We advise that you only trade using risk capital. Risk Capital is defined as money you can afford to lose. This is true no matter how good a system looks, how good a system performs or how much money it makes. Only risk capital should be used in trading.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS 0DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.