PIP-Buster Report 04-11-2008 (April 13th, 2008)

PIP-Buster Report

04-11-2008 Report

Safe_Mode_fxdd_real_04-11-2008 Since March 13, 2008 with 1 micro lot (10 cents)

Normal_Mode_odl_132907_04-11-2008 Since Feb. 17, 2008 with 1 mini lot ($1)

Ultra_Safe_Mode_fxdd_5342132_04-11-2008 Since April 6, 2008 with 1 mini lot ($1)

The new “Ultra Safe Mode” is a little different from the other modes in its logic and rules and it places less trades. But don’t be fooled by the words “ultra safe mode” there’s no such thing as “safe” when playing Forex. The only way you are safe and out of risk is when you sit quite on the sidelines without placing a trade, and watch the market go up and down.
I myself, I’m satisfied with the other modes but there’s always room for improvements. Anyhow, this is the first week for “Ultra Safe Mode” and we still have to see how the testing goes before we decide to make it an official mode.

Please do not increase the size of your lots until you have at least a ratio 3:1 (e.g. if you started with 10K playing with 1 mini lot (0.1=$1) increase to 2 mini lots only when you reach 30K). It’s crucial to leave room for the drawdown. This is in no way a guaranty that you will be safe from a hit, so use your best judgment and make up your own decision.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. PRICES CAN GO DOWN AS WELL AS UP. THERE IS A SIGNIFICANT RISK INVOLVED IN FX TRADING. CONDITIONS CAN VARY FROM CLIENT TO CLIENT, AND THEREFORE INFLUENCE PERFORMANCE. TRADING WITH EA’s IS VERY RISKY AND NOTHING GUARANTEES ONE’S SUCCESS.