Forex Cash Protector
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Live Statement #2
Developed by: Oliver Johnson. This new EA is pitched has having an exceptional ability to manage an open position. It was made with a variety of lot management and money management principles in mind and has the logic to expose your portfolio to small risk while attempting to maximize on your reward owing to multiple take profit levels and profit protection features. It is built with unreliable levels of risk tolerance (from conservative to aggressive). It claims? a 50% success rate. It? manages both Small and Generous Lots with expert care.
Money Management is the first Priority of this EA but allows for adjustment of risk that best suites you.Forex Cash Protector has the ability to expose a small percent of your trading portfolio to risk on each trade.
On backtests (be careful of back test results) during the period January 2nd, 2008 – December 1st, 2009 FXCP apprantly made 459% on a $50,000 dollar account with a low drawdown owing to the use of intelligent lot management.
Forex Cash Protector uses two strategies. One for the slowly but surely traders who believe in achieving moderate gains with very small risk over the course of time. This strategy is traded on the 1 Hour Time Period and trades less frequently. The other strategy is very effective on a 5 minute chart and is able to trade frequently. It carries more risk, but the key to this strategy is that Forex Cash Protector does not risk more than what a fraction of your trading account’s balance is able to manage. FXCP will perform during any condition. It was designed to identify only the best opportunities in the market.
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