Innovative strategy but I think you would have made a lot more. :D.

If u broke even with 56 lots then with a little more effort you could have made a lot more. 56 lots mean ur volume of trade was $560,000 and ur return was just 0.1% of that volume.

Do u think 0.1% is good?

Originally posted by ironical

Innovative strategy but I think you would have made a lot more. :D.

If u broke even with 56 lots then with a little more effort you could have made a lot more. 56 lots mean ur volume of trade was $560,000 and ur return was just 0.1% of that volume.

Do u think 0.1% is good?

 

Rebate is just a bonus and not "actual profit". Instead of searching for rebate, one should search for good broker with excellent service.

OMG.. Should I call it interesting or .......... . Are u serious about making money through rebates?

Originally posted by ironical

Innovative strategy but I think you would have made a lot more. :D.

If u broke even with 56 lots then with a little more effort you could have made a lot more. 56 lots mean ur volume of trade was $560,000 and ur return was just 0.1% of that volume.

Do u think 0.1% is good?

It is not 560,000.

1 lot = 100,000
56 lots = 5,600,000

So he is actually making 0.01%. Profit or Loss from 1 Lot could easily be more than this amount. 

Hello. I am working on such an ea.

see the attachement below.

I started with 5 k and close the trades manually, when I have got time.

the programm hedges manually when the trades go bad. so I have only to wait the take profit is hit.

Or I start the expert again with an other magic number when the market moved strong.

at the end I go out with siro or small loss..

4XGump

Which indicators r u using?

Also why dun u aim for a little profit than to aim for little loss?

Logically it is against trading rules and in reality, it is impossible to earn significant amount through rebate programs. Because traders who can breakeven will always aim for profit instead of rebate and thus sooner or later will be able to make much more than tiny rebate amount. Beginners also aim for profitability in forex but those who aim for rebate will never earn more than they loose and eventually their account will be blown

He asked me about to generate rebates without loss. Here is the new statement after one week of open trades.

I just closed at the moment.

I don´t want to discuss about reasons for this strategy ... it is just to generate rebates.. nothing else..

half automated.... - nothing else matters.....

CJA  www.4XGump-Systems.com

I don´t use any Indicators. It is only an Expert Advisor.

regards

4XGump

Forex Benz is an good EA for earning rebate. It has good frequency of making orders. It is a grid martingale EA but showing consistent profit trading on AUDNZ. Actually AUDNZ is a good pair for this strategy. I am using this latest v71 forex benz- AUDNZ low risk mode EA. I am using cashbackforex for rebate. I am getting satsfactory rebate as additional income from cashbackforex .

Visit cashbackforex website for details information : http://www.cashbackforex.com/

Visti forex benz website for their details information : http://forexbenz.com/

Visit third party test of this EA : http://www.best4xrobots.com/index.php?robot=87

visit myfxbook link of vendor : http://www.myfxbook.com/members/forexbenz