Home > Forex > First trades with JadeFX

First trades with JadeFX

August 18th, 2009

I know there’s people that is interested in my progress with JadeFX, so I thought I’d just make a small update now that MD Pro have traded my small $500 account live for the first night. I got three trades all in all with one USDCHF that made full 10 pips profit and two trades that closed as break even (one each in EURCHF and EURGBP). The exact same trades was opened in my demo account (there was a difference in price on the USDCHF trade with 0.6 pips in favor of the live account), which I consider very good news.

$500 is clearly to little to trade all four pairs of MD Pro with just 1:100 leverage thou. Margin wise each 0.1 lot (the size I traded) requires $100, but MD Pro seems to have a safety feature so that it doesn’t open too many trades. It will only allow two simultaneous 0.1 lotsize trades, so we might miss some opportunities there.

The plan right now is to continue with this small “live demo” setup for the week. I will perhaps just keep two or three pairs during this time. Will analyze the performance of the demo account during August to determine which ones. USDCHF is a given thou, it is the clear winner for MD Pro. After that i probably will add another $500 or so and get another FAPT license to run on it also.

Wish me luck :)

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  1. Dan
    August 21st, 2009 at 05:30 | #1

    Good luck! Looking forward to your progress!

  2. August 21st, 2009 at 07:20 | #2

    MD Pro made 13.5% during the week. :)

  3. Dan
    August 25th, 2009 at 05:18 | #3

    Geez! I definitely thing MD Pro has a lot of potential with real tight spreads, as evidenced by your results. FXDD, my current broker, is horrendous for MD Pro.

    Seems like USDCHF and EURUSD are usually the winners here.

  4. phil
    September 11th, 2009 at 02:35 | #4

    Great site with intelligent review of bots. Have you checked out the Precision type A.
    Also, can you please advise how to get hold of MD PRO. Nothing on the MD site about it!!!!

  5. September 12th, 2009 at 18:38 | #5

    Thank you very much.
    No, I haven’t tried Precision Type A but it seems to be a nice product. A bit on the expensive side thou, but I think there was some kind of subscription that might be worth trying. MD Pro is not on sale yet unfortunately, don’t know when they plan to release it. It was said to be released in August… But at the same time it was said to cost $699, which I hope is as false as the release date turned out to be. (I could pay $199 for it, twice regular MD, but not more).

  1. September 16th, 2009 at 23:14 | #1
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