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Armada Markets shed light on best traders' strategies for July

Aug 14 2014
By

The Estonian broker has interviewed the best traders who took part in the “Double Your Goals” competition held in July. Intriguingly, every winner explained his strategy. 

 

In July Armada ran a contest that promised to award the top 10 traders with €500. In order to qualify for the competition one had to make €1000 deposit which was immediately topped with €50 by the broker.

 

The winners were announced today with their profit accompanied by little smart interviews. Profits ranged from 15% to the staggering 414% achieved by a trader with 4 years of experience named Wei. He/She is using 5 days + 10 days MACD for trend trading. The last trade of my MT4 MACD sample bot has made 30 cents profit. Wei surely has a better MACD based strategy than my bot. Unfortunately, we can't see any details on winners trading behavior. 

 

The most profitable traders of the month are asked only three things – what is their experience in forex trading, what was their strategy, and why they have chosen Armada Markets.

 

The answer are fun and insightful at the same time. Many short term strategies were used some quite original like Krzysztof's scalping on the M5 interval following trend from H4 interval. And Revo chose the Estonian broker because its “outstanding execution speed and "Armada" is a nice name.”

 

Armada Market is a niche broker valued mostly among scalpers due to its very fast execution and tight spreads. It is registered with Ministry of Economic Affairs in Estonia and has issued an application for EU MiFID license. The fact that Armada is not regulated by the Estonian Financial Supervisory Authority does not hinder them from enjoying quite a good customer base.

 

You can read all the strategies and answers here. You will enjoy it.

 

 

TAGS: armada markets  contest  competition  forex trading  winner  trading strategy  forex strategy 

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