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Hotpip forex is very successful system that gives signals and its now available to every one throw RAS site.
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Hotpip forex
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For right lot size download our calculator
Hotpip Forex Calculator
About Hotpip forex system:
The specialty of our system is obtaining money from currency market every day whether if there is economic news or not. Over the past years we were able approve the successfully of our system, where even in cases where the market is very slow we obtain so many pips, as we know, economic news affect the currency market, but it is always temporary, and that is why we in our system rely too much on technical analysis with taking care about fundamental analysis in cases of strong economic news happen that could affect the currencies market range, and this helps us not to be blinded by technical., Hotpip system is tested before on so many demo accounts and it is very successful system so for more than one year it's used on my live account and often I rich my daily goal!!. I always try to keep stop loss not more than 100pip and take profit up to 100 pips my Goal is 200 pips a day, pares to trade is EUR/USD, GBP/USD, EUR/JPY and GBP/JPY....I don't set stop loss because all trades are under watching and we know when to stop and when to take profit, so don't worry about stop loss...
Setting up your account:
Money Management:
Money management is very important in currency trading market, Money management is the only way to preserve your capital from damage and loss, many people who trade in the currency market ignore the value of their Money management and they have the latter for losses, but despite the importance of Money management, it is not easy task, but through your subscription to our system in forex we are enable to summarize the way of protecting your capital to several points, please don't over size your trade, you have to apply the following points step by step.
Don't Exceed The Following Rules:
General Rule:
Each one position size should never be bigger than 0.005-0.01% of your account. So the most basic thing you can do is to give a relatively low lot size to Hotpip EA!, how? it's very simple by applying the following equation,
Trade Size = 0.01*Your Capital/1000 StanderLot (Risky)
Trade Size=0.005*Your Capital/1000 StanderLot (Low risk)
Trade Size=0.0025*Your Capital/1000 StanderLot (Risk is Trivial)(Recommended)
for example: if you have 3,000$ as a capital in your account then you have;
Trade Size = 0.01*3,000$/1000 = 0.03 StanderLot
(Risky)
Trade Size = 0.005*3,000$/1000 = 0.015 StanderLot
(Low risk)
Trade Size = 0.0025*3,000$/1000 = 0.0075 StanderLot
(Risk is Trivial)(Recommended)
that means you will setup your MetaTrader to open 0.03 StanderLot for each trade Hotpip forex open,but your capital is in risk and you will make Huge profit. but the second case means you will setup your MetaTradert to open 0.015 StanderLot for each trade Hotpip forex open, your capital is secure and you will make very good profit, and the Third case (Recommended) means you will setup your MetaTradert to open 0.0075 StanderLot for each trade Hotpip forex open, your capital is very secure and you will make good profit but you need good capital to invest.
Some special Case:
We recommend the final one:
.......
Size (StanderLot).................
Deposit amount ($).....................
For Trivial risk
..............
0.001..................................
100$...............................................
0.00025
..............
0.01....................................
1,000$............................................
0.0025
..............
0.1....................................
10,000$..........................................
0.025
............
1.0....................................
100,000$........................................
0.25
Note:For general case please click here to download Hotpip Forex Calculator, where you only need to put how money is your capital and it will give you a brief information about how is the right Lot Size and how money you will make each month as average.
Important Alert:
Please read carefully all rules about our money management system above, and only apply to our service when you fully understand the rules of that! If you are a new trader, we expressly encourage you to use our service on a demo account first if possible!
...HAVE A NICE TRADE WITH HOTPIP FOREX ...