Another winning week. The week has been positive with 1.67% ROI (return on investment).
Thanks to an excellent money management system we use in ecs.LIVE trading rooms, we have been able to weather all sorts of storms that the market might present to us
The negative pip count is mostly due to Gold as the pip calculation is different than in Forex. The Final result is 4 Wins, 4 Losses, -150 pips but +1.67 % gain.
It could be strange seeing -150 pips but a positive score on the account. This is due to our Gold trades, which has a different pip count to Forex (200 pips in Gold equals to 20 pips in Forex).
However, the more important thing is that we use so-called inversed pyramiding or controlled Martingale money management.
Due to the accuracy of Nenad’s trading system, the result is almost always on the positive side. You can check it here.
The GBP/AUD was the trade of the week, giving us a total of 70 pips. The alignment of Nenad’s discretionary calls gave us excellent and well executed trades in the GBP/AUD.
Cheers and safe trading,