Good day all, at first glance this forex system jumps out at you. "Double your account with just two trades." Hmm wonder how that is possible? I am really hesitant of systems that make these outlandish statements, but who knows maybe I am just too skeptical, like Liam Nelson in the movie "taken" sorry had to go there!
So this supposedly trades the EUR/USD on the H1 timeframe with an advertised 1:4 risk to reward ratio. It also sports a 99% modeling quality backtest for the past 5 years so everything is pretty good up to now.
But and unfortunately there is a "but" here. Upon further investigation into the accounts set up by the vendor there appears to be a "martingale" aspect to this trading system which should definitely add some unwanted risk and drawdown to the system. Also let me point out this is a "scalper" by nature that trades on the H1 timeframe so I guess it is similar to the "steadywinner" forex system, but will probably prove to be riskier.
The base price is $87USD so it is fairly cheap to get started trading this. We can follow the real account by clicking this link You will witness the "martingale" aspects of this system when viewing the trade history on the myfxbook account. Let's follow this system in the near future and see if it holds up well or not.
FX Capitalist Webpage
