Welcome followers of my Copy Trading account FXExtremeEA. I’m using my own EA / Forex Robot that I personally created and developed, 90% of trading of this account is automated and 10% is with my manual intervention. By the way, I have more than 10 years of trading experience in Forex market. As a follower of my copy trading account, I suggest you strictly follow our Money Management rules specially lot position sizing this to protect your account from margin call or high drawdown and also to earn good profit without risking your account. I will also discuss Drawdown Management to protect our account and to minimize decrease of Equity or Profit.

Money Management
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Minimum fund to Copy Trade this account is at least $300 or $400 with 1:500 leverage or above. If the EA open 3 pairs simultaneously, you need at least $300 fund or Equity and if the EA open 4 pairs, you need at least $400 fund. Lot size recommendation is 0.01 lot for $300 to $400 fund as this EA will open up to 6 positions (1 main entry and 1 grid entry for each pair – 0.01 lot for every $50). The EA is auto-compounding and it means every $300 increase in Equity the EA will add 0.01 lot and everytime there is a decrease of $300 in Equity, the EA will also decrease the lot by 0.01 lot. If you’re fund is $1000 you can open 0.03 lot, that is why if you copy this account you need to set the lot size fix and manually adjust only every time it increase or decrease the Fund / Equity by $300.

Drawdown Management
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Every time the account hit 10% drawdown or above, the EA will automatically switch to RECOVERY MODE. It means the EA will not open new trade of pairs but it will still continue to open 1 grid entry for each existing pair and auto cutloss and hedging to protect your equity or account from decreasing the value or further drawdown. Once the account back to 7% drawdown or less, the EA will continue back to normal trading.