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TurBit FX Trading Client EA Monthly Subscription Vouchers

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Detailed Phibase PRO, TurBit FX Trading Client EA Monthly Subscription Description Listed below

 
TurBit FX Trading master account is controlled by the Phibase Trading Team. Trading is based on price action, chart patterns and support/resistance levels. Trade entries is based on price zones which are derived from H1, H4, D1 and W1 time frames. Rabbit “piping” algorithm scans through all the 10 pairs on a continuous basis and picks up charts that have trading potential. Phibase Team aims at monthly gains of about 4% while maintaining the maximum drawdown of the strategy at less than 600 pips (12% at default risk).
 
Trades on the master account are replicated on member accounts using the TurBit Fx V2 MT4 client EA. The Client EA works like a normal Forex robot at the client end.
 
TurBit FX V2 Trading Strategy Specifications:
  • TurBit FX V2 trades 10 different pairs for excellent diversification. TurBit strategy involves trading EURUSD, GBPUSD, AUDUSD, USDJPY, EURJPY, GBPJPY, USDCHF, USDCAD, EURGBP & XAUUSD.
  • Maximum of one position per symbol open at a time.
  • Maximum of two open trades at any point of time.
  • Maximum floating drawdown allowed would be 300 pips. This would mean 6% of equity at High Risk level  or 3% of equity at Medium Risk level.
  • Trades are closed at best possible level if the original expected direction of the trade entry is not seen. Average booked loss would be around 50 pips – this is dynamic and controlled manually.
  • Protective stoploss is set at 150 pips – Will not be modified after the trade is placed. The stoploss will be moved only to break even level or lock in gains.
  • Strategy aims for locking in 100 pips initially. Trades which continue in right direction with floating gain above 150 pips will be managed with a tolerance of about 100 pips or nearest major support/resistance levels. These larger gains help improve the risk:reward of the strategy.
  • Strategy has very strong entry signals. A healthy success rate of above 60% will be maintained due to this.
  • The strategy has potential to generate between 5 to 10 trades per week.

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