The unique feature of Telegram Forex Signals is that it does not make use of conventional stop loss or take profit levels. Rather than set these levels on a per-trade basis, the strategy instead makes use of a global parameter. If for example, the global take profit level is hit, then all open trades are liquidated. Similarly, once the EAs global drawdown setting is reached all open trades are closed.
This approach to money management, while a little unconventional, helps to overcome the weakness that many systems have when it comes to money management, argues Andrea. Certainly, this different approach shows no sign of affecting the results achieved. You should, however, note that this approach can sometimes lead to long periods where trades are left open. This can have the effect of tying up the system until either one of the targets is met.
Since launch, the returns generated by the system have been impressive. Back-tested results are available on the Forex Crescendo website, together with live updated trading results via Mixbook.