Which markets does the strategy trade?
Currently the strategy trades the micro contracts for MES (S&P), MNQ (Nasdaq), MYM (Dow), M2K (Russel 2k), and MCL (WTI crude oil).
What kind of trading strategy do you employ?
This is an aggressive scalping algo that trades in high market volume environment.
What is the expected target return per month?
The strategy trades on a daily basis, thus compounding profits each time. Expected returns per month is about 20-50%. During high volatility, you may see greater growth since the strategy takes advantage of the increased market ranges.
What is the average drawdown that can be expected from this strategy?
Based on our historical trades, the strategy can experience a maximum drawdown of 30-40%. This is inline with the higher gains we seek when trading futures. Subscribers can reduce their risk by reducing their risk parameters within the FX Blue receiver settings.
Does this strategy use stop loss to manage risk?
This strategy uses both price and time based stops to manage risk.
How much does this trading signals service cost?
We charge a monthly performance fee based on the high watermark rule. That means, no profits, no fees.
Which broker should I use to follow the trading signals?
You will need a futures broker that offers the Metatrader 5 trading platform.
How do I sign up for the trading signals?
You can sign up through the FX Blue trade copier. We require subscribers to understand and accept all risks of following trading signals.
What is the minimum starting capital required to follow the trading signals?
We recommend a minimum starting capital of $10,000 for the micro futures signals, and $50,000 for the eminis.
How about price slippages when orders are executed?
FX Blue copier platform reads all trading signals as market orders. This means, as orders are executed on the model account (whether as market or limit), the signals are sent to subscribers as market orders at current market price. In times of high volatility, the execution of the trade signals can experience large slippages resulting in additional gains or losses.
Why do investors need to bother with incorporating futures in their portfolio?
Futures was created as a risk management vehicle. It is used by a wide variety of market participants to hedge their risk or to speculate for profits. The Spooz Daily Scalps trading signals is a great addition to any investor's portfolio as a way to diversify into the futures market.
What's the deal with the company name "Broke Ass Capital"?
The term "broke ass" is an endearing term. Most of us do not come from inherited wealth. We understand that to get ahead in life, we must educate ourselves, work hard, and invest. In essence, we all seek to gain financial independence starting from being "broke asses".