I have made money whilst being with Prophet FX, there is no doubt in that. But, after 2 months of being with them, i just can't see how their EA (Expert Advisor) implements any risk management. When your account is in -10% Drawdown, this is not risk management at all. Any respectable investment company will use a 1:1 or even 1:2 Risk Reward ratio. However, i have seen my account at -£1700 to gain £70 profit on a trade. That means the Risk reward ratio is 10:0.5 on my £14k account.I know lots of people have made money with Prophet and i don't personally know anyone who has lost. But with a fair sized account, anyone could blindly enter a trade in any direction and ride through the storm until it eventually turned a profit. This is not trading, it's gambling!I have withdrawn my account and decided to nurture my current drawdown until those trades reach a profit or reach a point where i'm happy to close them. I did have to change my password on my account as i had requested no more trades to be placed, however they did keep on adding trades. So to prevent any new trades being added i changed my trading account password. I'm sure they will go on to keep making people money, and again i can't say that yet i have had a losing trade (And losing trades SHOULD be expected in trading). But i think the reason they don't lose, is because there is no risk management. Even the best traders out there DON'T have a 100% Winning strategy. I think its time for them to ditch the Expert Advisor, and start trading properly. (50 lines of code aren't the guru to success, they cannot gauge market sentiment nor can it consider fundamental or technical analysis).
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