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Forex Trading – Using EAs

The above chart relates to a small live account I have set up on MyFXBook. Initially there were some issues with a fairly substantial drawdown as I worked out exactly how I would trade this account. Since then, I have since kept the drawdown within reason and using a much more conservative approach. The account is with XM with very high leverage at 888:1. As I am Australian based, I can also hedge trades which basically means I can be both long and short the same currency pair at the same time.

If anyone would like to know more about this sytle of trading, feel free to contact me at and I will be more than happy to share my EAs, custom MT4 indicators and other information with you completely free of charge.