Trading the FX Market Hands Free

Podcast:

#407: Trading the FX Market Hands Free
In this video:
00:25 – Following on from TFTC Pattern Trader
00:49 – Introducing Echo Trade Copier
01:48 – No VPS, no software, and turn your computer off
02:22 – Excellent results in 2 months
03:35 – All results are 3rd party verified by MyFXBook
04:17 – Contact me if you have a topic you’d like me to talk about

Would you like to know about a way that produces results and allows you to trade the Forex market 100% hands-free? If you would, listen up.

Hey, Forex traders. It's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 407.

Following on from TFTC Pattern Trader

Now, following on from last week's video and podcast I made about our amazing trading bot software called TFTC Patent Trader, I've had a number of people say to me, "Hey, Andrew, look, I'd love to get the results and the returns that you get from trading the Forex market, but I just don't have the time or don't have the interest to really want to know how to trade. What is it that you can do to help us?" And so I have the perfect solution for you.

Introducing Echo Trade Copier

And it's our trade copier software called Echo Trade Copier. Now, what that allows you to do is to have your trading account in your own name, and it's completely independent of us. It's your trading account with your broker of choice, have that account traded and mirror my own account that I use through Patent Trader.

Now, it's an excellent way to allow you to gain some very, very high returns, but it also means that you don't have to do anything at all. It literally is a five setup process through independent third party software that basically links your account to mirror the trades that I take on my account. Now, you can still jump in and intervene and close trades or risk more or risk less, if you really want to, or we can just leave it alone to have it mirrored 100% the same as my own account.

No VPS, no software, and turn your computer off

Now, for that, it means that you don't need your computer on. You don't need any virtual server. You don't need any extra software. You don't need anything at all. No expert advisors. You don't need anything. All you do is just link the two accounts. It really is a simple process. All that included in that cost of the integration, it's just $84 U.S. per month. And most virtual server companies charge $30 to $40 a month. That's included in that fee.

And so we pay that for you as part of the $84 a month, and that just means that you then have everything copied across to your account.

Excellent results in 2 months

Now, this has been running for just two months, so it's fairly new, but the results are outstanding. So far, in the two months, we are at plus 22.5% in gain, with only a 5.8% drawdown. Now, it's really important that you understand that drawdown as well. It's all well and good having a 22.5% gain, but the trouble is so many people risk far too much and they have massive drawdowns, and they might have a 30%, 40% drawdown to gain the 20% profit. So the reality is, that's pretty tough to go through. What we find really important with our way of trading is our drawdowns are kept to a minimum. So right now 5.8% is the maximum drawdown you would have been if you had decided to join on the absolute worst day. And let's say you had a $10,000 account, your account would be down by $580, the absolute worst day over the last two months.

But if you had started at the beginning and you started with $10,000, you'd have been up, what's that, $2,250 so far in two months, 22.