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Three most important problem faced by a Forex Trader or how to make
first million for 1 year
If you earn 1 million per year trading on the forex market, this article you will not be interesting.
What is the main problem faced by a forex trader? I can list a few, but will focus on only three of them. If the trader can
solve these problems, he moves from group of losers to a small group of elite traders. There is a theory that only 2% of
traders make money while other 98% constantly lose. I would say that the percentage is even higher among traders with
small deposits, and significantly lower among traders with large deposits. Why is this happening? I can identify several
reasons.
1. All accounts up to $ 1,000 (this amount depends from brokerage company) remain in-house and the broker is
interested in your loss. If your account larger than $1000, broker will transmit the orders to the liquidity
provider.
2. If your deposit is less than $1,000, most likely you will be trading with a high risk. Otherwise you have no chance
to earn enough money in the near future. Traders with big deposits prefer low risk trading.
3. Market changes frequently and strategies no longer work.
You probably have time to think about what I suggest you invest a million and trade with low risk. If you have 1m, it will
be good solution, but I would like to explain how to start trading with $1000 or $100 and make million in short period of
time. This is not a joke and it is possible.
First of all open an account with a broker who do not play against the trader, i.e. not increasing the spread in the vicinity
of the stop loss orders, or inject non market quotes, etc. At present, a lot of brokers do not use active dealing.
Find strategy stable in all market conditions. For example forex robot TFOT 7.0 works since 2009 on real accounts and
stable to market changes. This happens because the robot has two strategies that hedge each other. The first strategy
works better in trending market, and the second strategy – in flat.
Trade with low risk, 2-3% from deposit. Add strategy to monitoring. If your initial deposit $1000, after six to seven
months, your account will be about $1200 -1300, but you will receive a lot of request from investors who wants you to
manage their accounts. And seeing a low risk trading, you have a good chance to attract investors with a large capital. If
you attract 1M, your annual income will be about 150 -170k, 10M -1.5-1.7k etc. And you will never have an idea to open
a position 20% from account balance.
Another tip, in order to manage the accounts you will need a professional trade copier. I know only one copier with no
latency and all the necessary settings – PowerTradeCopier. This software allows you to trade on one account and copy
trades to a thousand accounts without delay. You do not need to keep running thousand terminals and you will be able
to copy trades to not only MT4, but to DukasCopy (JForex), Currenex, LMax, CitiFX, ADSS…
Free Forex Webinars: http://iticsoftware.com/forex-webinars
Appendix 1 – Forex Robot TFOT
Forex Robot TFOT 7.0 – Detailed Analysis
For our analyze we used statements from real accounts since 22.11.2010 till 4.07.2013.
(check statements)
Our goal is to get performance simulation for next month or year. This will allow us and all TFOT’s users to
count expected profit. For example, you invested $ 600 and you want to calculate how much money is in your
account in a year if you are using forex robot TFOT. For this reason, we imported data from live statements to
MS excel and created balance’s chart (lilac).
We also have created trend line (green) based on linear regression and obtained equation of the line y=58.309x
+10770
For example we would like to invest $10,000 and we would like to calculate our account size after 3 years, if
we will trade with minimal risk and fix lot size. On average, the robot opens one order a day.
3 year = about 792 trading days
Account size after 3 years = 58.309x792+10770 =$56,950
This number corresponds to the actual account size after 3 years.
y = 58.309x + 10770
0
10000
20000
30000
40000
50000
60000
11.22.201021:45
12.16.201008:00
01.18.201114:15
02.24.201109:50
03.18.201110:15
04.18.201116:50
05.12.201101:00
05.30.201123:45
06.20.201121:15
07.13.201116:20
08.02.201102:45
08.24.201110:20
09.09.201102:30
10.03.201111:45
10.21.201120:00
11.11.201122:45
12.08.201115:10
01.12.201222:45
02.01.201209:45
02.28.201222:15
04.04.201209:30
05.07.201209:00
06.12.201203:45
2012.07.1622:45
2012.08.1714:45
2012.09.1921:15
2012.10.2221:15
2012.12.0621:45
2013.01.2209:10
2013.02.2021:00
2013.03.2001:30
2013.06.0401:35
Forex Robot TFOT 7.0
Series1
Linear (Series1)
Other robot parameters based on real statements:
Average Daily Gain : 0.16%
Average Monthly Gain: 4.9%
Maximal Drawdown: 23.15%
Longs Won: (244/361) 67%
Shorts Won: (229/347) 65%
Profit Factor: 1.45
Standard Deviation: $477.20
Sharpe Ratio: 0.11
Probability: 99.99%
Risk analysis
Loss Size 100% 90% 80% 70% 60% 50% 40% 30% 20% 10%
Probability of
Loss
<0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% 0.02% 0.41% 7.43%
Consecutive
Losing Trades
131 118 105 92 79 66 53 39 26 13
Probability of Loss 100% of account smaller than 0.01%
Probability of Loss 100 of account smaller than 7.43%
More information about Forex Robot TFOT http://iticsoftware.com/tfot6
Support: support@iticsoftware.com
Appendix 2 – Trade Copier
Interesting Questions /Answers about PowerTradeCopier
PowerTradeCopier copier with no latency! Do not need to run MT4 terminals!
1 Q. I have found investor password for profitable strategy with Take Profit 8 pips. I would like to copy
orders to my account, but my broker has one limitation: Stop Loss, Take Profit and Pending Orders 10 pips
or more away from the current price.
A. You should open “Stops” tab and check “Correct low TP level”
Copier will copy order with minimal TP size allowed by your broker.
2. Q. Money manager trades in the account of my friend, and he can provide me with investor password. He trades with
lot size 1-2, but sometimes he opens trades with lot size 4 and I do not want to copy this orders. My account is 2 times
smaller than his account. Please, advise.
A. I recommend you to use Ratio (MS) =0.5 for lot scaling.
And you can use filter by lot size. Max lot copy on =2
3. Q. I do not want to copy trades on Monday and Friday.
A. You can use Data filter
If you need, you can copy orders only in specified timeframe, using time filter
4. Q. I have access to account and would like to copy orders to couple my accounts, but trader on master account use
several robots, and one of them trades with Stop Loss = 150 pips. I think this strategy not safe for my account.
A. You can use SL filter and do not copy orders with big Stop Loss
We also recommend you to try to copy this strategy on demo account and try to reduce stop loss level for this strategy.
For example try to overwrite with new 60 pips SL.
5. Q. I do not want to copy Take Profit and Stop Loss. I would like to close order manually. Is it possible.
A. Yes, sure. Just deselect copy SL and Copy TP
6. Q. I would like to hide my Stop Loss from broker.
A. Check “Hidden”
7. Q. My friend use 3 expert advisors on his account, I would like to copy orders only from 2 of them, is it possible.
A. The best way is use comment for all EAs on master account and use “Comment filter” for slave.
8. Q. that can’t be done using PowerTradeCopier?
A. Hard to tell 
Limited time offer: 20% off for all licenses + bonuses.
Read more: http://multiterminal.net/20d67hgy90.html

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Forex Trading

  • 1. Three most important problem faced by a Forex Trader or how to make first million for 1 year If you earn 1 million per year trading on the forex market, this article you will not be interesting. What is the main problem faced by a forex trader? I can list a few, but will focus on only three of them. If the trader can solve these problems, he moves from group of losers to a small group of elite traders. There is a theory that only 2% of traders make money while other 98% constantly lose. I would say that the percentage is even higher among traders with small deposits, and significantly lower among traders with large deposits. Why is this happening? I can identify several reasons. 1. All accounts up to $ 1,000 (this amount depends from brokerage company) remain in-house and the broker is interested in your loss. If your account larger than $1000, broker will transmit the orders to the liquidity provider. 2. If your deposit is less than $1,000, most likely you will be trading with a high risk. Otherwise you have no chance to earn enough money in the near future. Traders with big deposits prefer low risk trading. 3. Market changes frequently and strategies no longer work. You probably have time to think about what I suggest you invest a million and trade with low risk. If you have 1m, it will be good solution, but I would like to explain how to start trading with $1000 or $100 and make million in short period of time. This is not a joke and it is possible. First of all open an account with a broker who do not play against the trader, i.e. not increasing the spread in the vicinity of the stop loss orders, or inject non market quotes, etc. At present, a lot of brokers do not use active dealing. Find strategy stable in all market conditions. For example forex robot TFOT 7.0 works since 2009 on real accounts and stable to market changes. This happens because the robot has two strategies that hedge each other. The first strategy works better in trending market, and the second strategy – in flat. Trade with low risk, 2-3% from deposit. Add strategy to monitoring. If your initial deposit $1000, after six to seven months, your account will be about $1200 -1300, but you will receive a lot of request from investors who wants you to manage their accounts. And seeing a low risk trading, you have a good chance to attract investors with a large capital. If you attract 1M, your annual income will be about 150 -170k, 10M -1.5-1.7k etc. And you will never have an idea to open a position 20% from account balance. Another tip, in order to manage the accounts you will need a professional trade copier. I know only one copier with no latency and all the necessary settings – PowerTradeCopier. This software allows you to trade on one account and copy trades to a thousand accounts without delay. You do not need to keep running thousand terminals and you will be able to copy trades to not only MT4, but to DukasCopy (JForex), Currenex, LMax, CitiFX, ADSS… Free Forex Webinars: http://iticsoftware.com/forex-webinars
  • 2. Appendix 1 – Forex Robot TFOT Forex Robot TFOT 7.0 – Detailed Analysis For our analyze we used statements from real accounts since 22.11.2010 till 4.07.2013. (check statements) Our goal is to get performance simulation for next month or year. This will allow us and all TFOT’s users to count expected profit. For example, you invested $ 600 and you want to calculate how much money is in your account in a year if you are using forex robot TFOT. For this reason, we imported data from live statements to MS excel and created balance’s chart (lilac). We also have created trend line (green) based on linear regression and obtained equation of the line y=58.309x +10770 For example we would like to invest $10,000 and we would like to calculate our account size after 3 years, if we will trade with minimal risk and fix lot size. On average, the robot opens one order a day. 3 year = about 792 trading days Account size after 3 years = 58.309x792+10770 =$56,950 This number corresponds to the actual account size after 3 years. y = 58.309x + 10770 0 10000 20000 30000 40000 50000 60000 11.22.201021:45 12.16.201008:00 01.18.201114:15 02.24.201109:50 03.18.201110:15 04.18.201116:50 05.12.201101:00 05.30.201123:45 06.20.201121:15 07.13.201116:20 08.02.201102:45 08.24.201110:20 09.09.201102:30 10.03.201111:45 10.21.201120:00 11.11.201122:45 12.08.201115:10 01.12.201222:45 02.01.201209:45 02.28.201222:15 04.04.201209:30 05.07.201209:00 06.12.201203:45 2012.07.1622:45 2012.08.1714:45 2012.09.1921:15 2012.10.2221:15 2012.12.0621:45 2013.01.2209:10 2013.02.2021:00 2013.03.2001:30 2013.06.0401:35 Forex Robot TFOT 7.0 Series1 Linear (Series1)
  • 3. Other robot parameters based on real statements: Average Daily Gain : 0.16% Average Monthly Gain: 4.9% Maximal Drawdown: 23.15% Longs Won: (244/361) 67% Shorts Won: (229/347) 65% Profit Factor: 1.45 Standard Deviation: $477.20 Sharpe Ratio: 0.11 Probability: 99.99% Risk analysis Loss Size 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% Probability of Loss <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% <0.01% 0.02% 0.41% 7.43% Consecutive Losing Trades 131 118 105 92 79 66 53 39 26 13 Probability of Loss 100% of account smaller than 0.01% Probability of Loss 100 of account smaller than 7.43% More information about Forex Robot TFOT http://iticsoftware.com/tfot6 Support: support@iticsoftware.com Appendix 2 – Trade Copier Interesting Questions /Answers about PowerTradeCopier PowerTradeCopier copier with no latency! Do not need to run MT4 terminals! 1 Q. I have found investor password for profitable strategy with Take Profit 8 pips. I would like to copy orders to my account, but my broker has one limitation: Stop Loss, Take Profit and Pending Orders 10 pips or more away from the current price. A. You should open “Stops” tab and check “Correct low TP level”
  • 4. Copier will copy order with minimal TP size allowed by your broker. 2. Q. Money manager trades in the account of my friend, and he can provide me with investor password. He trades with lot size 1-2, but sometimes he opens trades with lot size 4 and I do not want to copy this orders. My account is 2 times smaller than his account. Please, advise. A. I recommend you to use Ratio (MS) =0.5 for lot scaling.
  • 5. And you can use filter by lot size. Max lot copy on =2 3. Q. I do not want to copy trades on Monday and Friday. A. You can use Data filter
  • 6. If you need, you can copy orders only in specified timeframe, using time filter 4. Q. I have access to account and would like to copy orders to couple my accounts, but trader on master account use several robots, and one of them trades with Stop Loss = 150 pips. I think this strategy not safe for my account. A. You can use SL filter and do not copy orders with big Stop Loss We also recommend you to try to copy this strategy on demo account and try to reduce stop loss level for this strategy.
  • 7. For example try to overwrite with new 60 pips SL. 5. Q. I do not want to copy Take Profit and Stop Loss. I would like to close order manually. Is it possible. A. Yes, sure. Just deselect copy SL and Copy TP 6. Q. I would like to hide my Stop Loss from broker.
  • 8. A. Check “Hidden” 7. Q. My friend use 3 expert advisors on his account, I would like to copy orders only from 2 of them, is it possible. A. The best way is use comment for all EAs on master account and use “Comment filter” for slave. 8. Q. that can’t be done using PowerTradeCopier?
  • 9. A. Hard to tell  Limited time offer: 20% off for all licenses + bonuses. Read more: http://multiterminal.net/20d67hgy90.html