Frequently Asked Questions

Q: How much does the service cost?

A: There are no up front fees or commissions and we earn our 50% performance fee as your account grows. For example, If your account gains $2000 in a week, you keep $1000 and we get $1000.0. If your account makes no gains that week then no performance fee is due. If a client fails to pay us the performance fee by Monday, their account will not be traded and a 10% per week late fee will be accessed until they resolve their outstanding balance.

Q: Do you offer a free trial?

A: Yes, we offer a free one month trial that allows you to watch how a demo account performs, which uses live market data and will be nearly identical to the way a live account would grow.

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

A: No, it is fully automated and once your forex broker account is set up all you do is watch it trade from your own trading terminal, which is free to download.

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

A: Our current forex broker allows $50 or more withdrawals.

Q: Is there a hold on my deposited funds?

A: No, there is never a hold on client’s funds.

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

A: We recommend beginning with at least $2000, but $5000 plus would be ideal in order to keep a healthy safety margin during high volatility while your account. grows. A beginning balance of $1000 is possible but a lower balance carries a higher risk of being lost.

Q: What is the primary pair being traded by the Algorithm?

A: The only pair that is currently being traded our software is Gold/USD using symbol XAUUSD. 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 software uses a highly modified martingale/grid strategy but with safety features. This is why the growth is substantial and accelerated. Other strategies may claim to be safer, while our is growing your account at a faster pace. While there is risk with all investing, we have risk management protocols in place to manage the risk. We cannot guarantee returns on your investment since it involves live trading, but we think you will be pleasantly surprised by the results most of the time.

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

A: No we do not, you are in complete control of your funds and all we have access to is the Metatrader 4 trading terminal in order to trade your funds. You do not deposit or withdraw your funds with Blue Ocean Inc. The forex broker you choose has access to your funds. You will, however, be required to send us the 50% weekly performance fee that your account gains before we can continue trading on your behalf.

Q: Where is Blue Ocean Equity Inc. located?

A: We are considered an off-shore online service using three offices worldwide with the main brokerage facility being in Dubai UAE. We have a remote admin and support location in the US and a forex servers in London and Amsterdam.

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 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 500:1 leverage and low commissions and spreads. We use Coinexx.com as our primary broker that offers 500:1 leverage, but there are many other good brokerages to choose from. It is essential that they have the pair XAUUSD. If you do not reside in the US, we recommend using IC Markets, who is a reputable broker. Our current forex brokers, Coinexx.com and Duramarkets.com require you to fund your account with crypto currency. Therefore, is is important to understand how to purchase and transfer crypto when using these brokers.

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 dozens and up to to a hundred or more trades per day since it is an active, high frequency trading algorithm. 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 50% drawdown after your account gets past a certain balance. There are certain features of the software that help manage risk such as session trading, lot sizes, etc. Additionally, each client can control how much growth/risk they are comfortable with and we will accommodate your preferences. We recommend pulling out your initial investment once your account grows to a safe level. Then, you can have the peace of knowing you have achieved a risk-free, breakeven status while you passive income continues to grow.

Q: What trading platform is supported by the automated trading algorithm?

A: The platform our algorithm runs on is Metatrader 4, which is available to download on the brokerage site, Google Play store and Apple iTunes. The full-featured version of MT4 for desktop and laptop from the broker site is recommended as it provides more screen real-estate to observe the Blue Ocean software trade on your behalf.