YouTube tutorial by Alan Solarsh (Nov 16, 2018) explaining step-by-step recovery actions when a Forex account is over-leveraged. Key instructions: log into your VPN, pause the EA (auto-trading) and close chart windows; group open positions by symbol and close older trades on a FIFO basis while keeping the five largest lot sizes; open the relevant chart(s), enlarge the view, and drag take-profit (red) lines to consolidate exit levels; either wait for remaining trades to return to profit or manually trade out the deficit and seek a Zoom coaching call for live help. The video also includes a weekly promotional giveaway of 0.005 BTC with entry requiring subscribe, bell, thumbs-up, and a comment containing your Bitcoin address. The speaker gives rough thresholds for recoverability (e.g., ~40–60% drawdown salvageable; ~80% likely unrecoverable).
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Alan Solosh here, the passive income guru. In this video tutorial, it's going to help you if you've over leveraged your account.
Now, if you have over leveraged your account or your account is in more than 30 or 40 or 50% drawdown, you need to please log into your VPs urgently. So please pause the video, go and log into your vpn. Once done, you can come back to this video and resume the video. So what you need to do is you need to pause your bot, so you need to click on auto trading and then you need to close out all your charts by clicking on the X. That will stop the bot from trading any further. So please go and do that step. Please pause the video, go and do that step. Now. Once done, you can come back to this video and resume the video. Now you have options. According to the drop down, according to the pinned post on the telegram group, you can follow that. And if you're really afraid and you need to close out your charts, then this is the procedure that you need to take. So over here where it says symbol, click on the symbol to order.
Your currencies and group them according to your currency so that you can see exactly what's going on. So please pause the video, go and do that step. Now, once done, come back to the video and resume the video. So as you can see on your phone and on the vpn you can see that the one currency has got lots and lots of trades. In my case it's Euro gbp. And what you need to do is you need to close out your trades if you want to, on a first in, first out basis and leave your five biggest lot sizes. So as you can see here, we've got lot sizes ranging from 0.3 all the way up to.
7.7. So we would leave 7.7, 5.18, 2.3, 1.53, 3.45, 102, 2.03 and then everything else you can close. So anything from, from where is it? Point 68 upwards, you can close out. What that's going to do is you'll make a loss, okay? And then those trades, the open trades, when it goes into positive territory, you will make back that loss, okay? And you will have to trade this currency manually and I'm going to teach you how to do that. So how you close the trades is you just click on the X of the trade and then the trade will close out. Okay? You'll get another window and that says do you want to close the trade out? You check you click on the checkbox and then you click OK. It'll take a few seconds for the MT4 to register. And then you can start closing out these trades. Close that one, close that one, close that one just by hitting on the X, okay? Until you get to your bigger lot sizes, which is a 2.3, leave five big lot sizes, okay? And.
Get rid of those trades. Now the reason you want to do that is because. So that these numbers, this loss, doesn't get bigger and bigger and affect your equity any further. So we want to close those big lot sizes down. We don't want to close out the bigger lot sizes. We need those lot sizes so that we can trade out of the deficit that we've just created. So please pause the video, go and do that step now. Once done, you can come back to this video and resume the video. Right? So now the next step that you need to do is you need to go and open up the chart for the currencies that you just closed out. Okay? So that would be in my case, ej. So you can just drag eg. So you can just drag the chart onto.
Onto.
Into the gray, the gray window. Okay? Just click on the, click on this icon over here to enlarge the chart in the gray area. So please pause the video, go and do that step. Now once done, you can come back to this video and you can resume the video. The next step is that we need to move the take profit of the currency that we just closed out those trades for. In my case, it's the eg. Okay, so the red line over here is your take profits. Now if it is in a sell position, okay, you would obviously have to move your red lines down. And if it is, if it, if the bot has bought, so in my case, it's sell. So I would need to move the red lines down. And if it said here buy, then I would need to move the take profits up. Okay? Very important that you get that right. So if you don't understand that, rewind the video a little bit and just get that point again. Okay? So what you do is that you hover your mouse over the red line and as you can see, my mouse turns into a parallel line with two arrows that now allows me to now move my take profits. So you would left mouse click down and you would then drag, in my case, I would then drag the red line all the way down to about this line over here to this candle. This candle over here. Okay, I don't want to do it now because I'm Trading this is just for demo purposes. Now if you've got five or six different trades, you will see that there'll be a red line here and then there'll still be red lines here. So you have to carry on dragging all your red lines into the same place. Okay. You can also see over here that there's a take profit over here. There's one or two take profits over there. So just hover your mouse over until your horizontal line forms and then drag the red line into the same place, which is over here. Okay? So please pause the video, go and do that step. Now. Once done, you can come.
Once that's done, then we need to wait until your trades. Either your last three trades go into blue and then they'll close out automatically, or we will.
Trade out of this, this deficit manually. So now that you have fixed the situation, you've closed out those, those a lot of the trades that are creating a lot of drawdown. Okay, You've made a little bit of a loss for the day. Don't worry, we're going to trade out manually and get you back into a profit situation. Okay. Now that you have moved your take profits down, what I recommend is that you give me a call, I'll hop onto a zoom call with you and I'll show you exactly what the next steps are so that you can get out of dodge that you've created or that has been created because of market volatility, etc. Okay, so the main thing now is to calm down. Okay? Take a deep breath. Go and have a drink of water, possibly with some, some sugar so that you can raise your sugar levels because I'm sure your adrenaline is pumping and you're freaking out that you are about to blow your account and, and hopefully if we got to this soon enough, you won't blow your account. So if you're in a minus 50 or 40% position, you're still fine. We can still save your account. If you're in minus 60 or minus 70%, we possibly can save your account. If you minus 80%, there's very little we can do for you. Unfortunately, you needed to have done this a lot earlier in the trading day. So you can still try and do it and see how you fare. But I don't know if you'll be able to save your account. Before you go, if you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that. There's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse over the video that you're watching. And in the bottom right hand corner of the video is a YouTube icon. Click that I please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. Now, if you're not already logged into your Gmail account, then you'd need to log into your Gmail account. Now, below the video that you're watching on YouTube there is a subscribe button. So what you do is you click on that subscribe button and then next to the subscribe button is a bell icon. You can click on the bell icon. So please pause the video, go and do those steps. Now, once done, you can come back to this video and resume the video. The next thing that you do is you need to give a thumbs up. And then in the comments section, which is over here, you can leave a positive comment together with your Bitcoin wallet address. Now you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need to give a thumbs up and and you need to leave a positive comment with your Bitcoin wallet address. Only then are you entered into the competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I highly recommend that you follow those steps and then you'll be eligible to win that prize. So good luck and I hope you win that prize. And if you do, remember to invest it in a passive income stream and and I'll see you on the next video.
