How MoneyBooster Works
It is called an Expert Advisor (EA) a.k.a Algorithmic trading or Automated trading
It is an algorithmic software attached to your forex trading account so that all orders (buy or sell) with their corresponding stop loss and take profit figures are fully automated and executed. As added security feature for MoneyBooster- the customised robot will run only on client forex broker’s account number. Also, it comes with customised settings appropriate to the account’s balance. If client wants to adjust its initial lot order, they need to contact MoneyBooster for the necessary adjustment. Updates and adjustments are free of charge.
We base our strategy on many factors which are trade secrets but our risk management facility involves a martingale strategy where the robot keeps opening a position up to 7 orders at certain trade levels with enough legroom after the last one. Should the trades go against us due to unforeseen and erratic behaviour in the market which is usually due to news releases and other factors, we have placed a predetermined stop loss to mitigate our risk. We will lose that battle but we will live to fight another day.
The EA is attached on 10-15 assets
The expert advisor can be attached to 10-15 currency pairs or assets namely AUDNZD, AUDCHF, AUDCAD, AUDUSD, EURGBP, EURUSD, EURCHF, EURCAD, GBPUSD, GBPCAD, GBPCHF, USDCAD, NZDUSD, USDJPY and GBPJPY depending on risk tolerance of the client and initial account balance. A recommendation of which assets to use for maximum profit and or ‘play it safe’ principle will be issued once the client purchased the robot and after assessment of the said client’s account parameters.
Each pair can open and close trades between 0-10 per day, more or less depending on market volatility of the designated pair.
The robot can earn $0.30-$0.45 per trade, depending on the currency pair.
At 15 pairs, 5-10 orders per pair per day- profit can range from $25-$70 daily. However based on our actual account performances- profit for this size of account ranges from as low as $20 to as high as $140 in a given day.
Please note that this is a standard account. To operate the above setup, optimum balance needed is $6000 with leverage at 1:500. This is a safety money management feature to guard the account from being blown out. For every $6000 balance, earning per month can be from $450 to $1350.
Let it be said at this point that we don’t hype our clients, nonetheless our confidence in our system comes at a high price of having lost thousands of dollars in its development, experimentation of best possible setting not having to mention research and development along with the cost of developing the EA by trusted and expert IT forex robot developers.
We understand that not all can afford $6000 initial balance. Now- take a ratio of 1:10, the same figures and estimation above can be applied to a micro account. Meaning, for a minimum of $600 balance on a micro account, earnings are projected at $45-$135 per month.
Client only needs to fulfil an initial balance of $600 to operate our robot in order to have optimum profit after payment for VPS and robot fee. Profit varies proportionally and depending on market condition. If client increases his capital and wants earning to increase- he may contact MoneyBooster support and we will send you updated robot setting basing on your balance. This is essential to avoid being stopped out due to wrong risk/money management.
The estimates above are in terms of profit. The robot opens a position up to 7 orders per currency pair at pre determined price levels. The initial lot order is increased by 20% on the next order. Other details of our strategy are based on trade secrets and we are not required to disclose. It is important to note that- if and when STOPLOSS of a certain currency pair is hit- account can suffer up to 15% of the overall port. One or more currency pair/s can be hit in a month- depending on market volatility. However based on our history, we’ve only been hit by STOPLOSS from one currency pair in a given month but yet still ended up positive.
As a required disclaimer in this industry.
The risk of loss in trading foreign exchange (forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in forex trading can work against you as well for you. The use of leverage can lead to large losses as well as gains.
Having said that- it may well be noted that we won’t stay this while in this industry if we don’t know what we are doing.
Although you can run the robot on your laptop or desktop without renting a VPS, 24hour continuous operation is required. If you can run your system this way with guaranteed strong internet signal, you’re good to go. Otherwise VPS is needed.
Any forex broker on an MT4 platform can run and is compatible with our robot. If however you don’t have an existing broker, we recommend our partner broker Grand Capital. The advantage if you choose this broker is our longstanding relationship with them. Our algorithms were developed and tested under accounts in this brokerage. Also- assistance from opening an account, funding and up to withdrawal from account, amongst many others can be readily provided.
If you have more questions just contact us.
The risk of loss in trading foreign exchange (forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in forex trading can work against you as well for you. The use of leverage can lead to large losses as well as gains
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