Frequently Asked Questions

Q: How much does the service cost?

A: To subscribe to the automated forex trading signal the performance fee is 30% of the net gains per month.

Q: Do you offer a free trial?

A: Yes, there is a two week free trial that allows you to connect your real brokerage account to our live signal and potentially profit for two weeks, which could possibly pay your monthly subscription fees for several months. Or you could connect a demo forex account to test out the quality of the trades.

Q: Do I need to have forex trading experience to use your service?

A: We are currently only servicing clients that subscribe to our trading signal. If you desire to become a forex trader and subscribe to our signal then contact support to learn how you can establish a forex brokerage account.

Q: What is the minimum withdrawal amount when I want to do a weekly withdrawal?

A: At this time $100 is the minimum to manage customer service work load.

Q: Is there a hold on my deposited funds?

A: No, there is never a hold on client’s fund, however, withdrawals are once per week on Mondays and Tuesdays.

Q: How much capital do I need to open an account?

A: We recommend beginning with at least $1000, but $5000 plus would be ideal in order to keep a healthy safety margin during high volatility while your account. grows.

Q: What are the primary pairs being traded by the Algorithm?

A: The pairs that have the highest percentage of profitability for our software are Gold/USD. Therefore, your brokerage must have this pair available to trade.

Q: Does the Blue Ocean EA use a martingale or grid trading strategy?

A: The bot does not us a martingale strategy, it does use a modified grid strategy of trading in that there are some occasions when the market trends away from the first trade and additional trades need to be added in order to bring the open trade to profitability. However, the factor used to increase subsequent positions is low such as 1 x or 1.3 x.

Q: Does Blue Ocean Equity Advisors have access to my funds?

A: Only if we are fully managing your account and you sent us funds to fund your forex account. If you use your own broker then only you have access to your funds.

Q: Where is Blue Ocean Equity Advisors located?

A: We are considered an off-shore online service using three offices worldwide with the main brokerage facility being in Sydney Australia. We have a remote admin and support location in the US and a server location in Mauritius.

Q: Can I use a US regulated forex broker with your service?

A: Unfortunately not, because the restrictions on US brokerages forbid the trading of gold , oil and indexes and only allow up to 50:1 leverage.

Q: What kind of forex account should I have in order to work well with your service?

A: We recommend using a non-US regulated broker with at least 200:1 leverage and low commissions and spreads. We use an IC Markets standard accounts with 500:1 leverage, but there are many other good brokerages to choose from. It is essential that they have symbols XAUUSD and US30 or the equivalents.

Q: Do you pay referral fees for other people we bring to Blue Ocean EA?

A: Unfortunately not. We have chosen to limit our growth to a healthy pace so that we can give outstanding and long-term service to the clients we have.

Q: How many trades per day, on average, does the Blue Ocean EA make?

A: Depending on market conditions the software will make from 0-4 trades per day. Part of the software’s risk management is that it gets in and out of the market as quickly as possible once a reasonable profit objective has been reached.

Q: What risk management measures are in place to protect my equity?

A: We have a hard stop programmed into the copying software that closes all positions at a predetermined percentage of drawdown. Currently it is set to close all open positions at 15% drawdown. Additionally, each signal subscriber has control over their risk settings to set them according to their wishes. Prop firm subscribers may prefer 4-9%. Furthermore, we may feel the occasional need to override the trading software if adverse market conditions prevail against the open trades and close them before the hard stop.

Q: What trading platforms are supported by the signal copying service?

A: The platform where our algorithm is running is on Metatrader 4.