11/06/24 - Trade Resumed, Hardstop Hit 5% from OLD EU TRADES. Minimal Loss on XAUUSD.

ELITE FOREX SCALPER is a FULLY AUTOMATED TRADING SYSTEM but with this particular account, we have teams managing it imploring actions that needed to maximize potential returns and minimizing risk. As a results we manage to achieve positive PNL for 78months.

System uses Scalping, Hedge and Grid strategy. Grid is a dangerous strategy if not manage well. Our team has been trained to spot areas where the SYSTEM needs to be HALT at times hence minimizing the risk. This particular account has a built circuit breaker in case of emergency with emerging drawdown in the worst market conditions(trending which is not suitable for grid in the long run). Our HARDSTOP are set to 5% drawdown on this particular account.

Due to the nature of our system, we make sure to apply or risk management available in times of market uncertainties. These includes
1. Closing trades if possible before major NEWS release
2. Close trades before weekends
3. Pause trades on high trending set ups.

Our main Focus is on the RISK management side. If you have $5,000,000 on your responsibility definitely the goal is the protect the account at all cost.

Monthly target $2-5% with max of 5-6% drawdown. Stops in place, expect some days, weeks or even month to be negative. Please focus on long term results.

Reco
Broker: PuPrime
Balance under $10,000 use a CENT account only!
Standard account: $10,00