The Major Markets Trading forex automatic trading system closed the month of February with a plus of 2.19 percent.
Over the past 2 weeks the drawdown has increased to approximately 30 percent of the account balance. No new positions were opened in the last week of February due to the global turmoil regarding the coronavirus. At the moment, only open positions are being monitored. The trading system needs new positions to grow the account balance. The biggest challenge remains managing the drawdown. If the drawdown remains stable, the system has the ability to achieve further growth and thus offer the followers of the system structural growth in the longer term.
Since opening the system to followers, we have gained a lot of experience. In the meantime it has become clear that the system is mainly suitable for traders who want to follow the system for a longer period of time, without having to be actively involved in this. Since loss-making positions can remain open for a longer period of time, followers of the system will need a number of months before the total value of their account is going to grow.
At Major Markets Trading we find it important to mention that periodic drawdowns are part of trading and should be accepted as such. We still see too many signal providers in the market who only show profitable results, without paying attention to loss-making positions or total results based on a system.
The trading system is very suitable for traders who have little time to trade, do not have programming knowledge and want to remove emotions from trading.
Below you’ll find an overview of the results of the forex trading algorithm up till and including the month of February.
Click here for more information about the Major Markets Trading forex automatic trading system. For more information about participation, please feel free to contact us.
Profits or losses on open positions are not included in the results.
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