Myfxbook Autotrade

fedromfr posted:
Hi, People!
What is going on? All systems have shown a draw down today!

normal thing ,dd happens regularly specially at the holldays coming

mydarkforex posted:
...
You need to understand that’s pending orders could be opened in your account and could not opened in the signal account because of Dependency of broker feed and then you will wonder why you have open position and the signal does not.
Now the signal decide to close the open order while you stay with open position that’s opened by the pending order (Dependency of broker feed), then you will need to close the position by yourself.

I received this response from support:

Hello edrod007.

As far as I understand, you wish us to use pending order to copy a trade instead of copying it in real time? If that is the case, that it won't work as the price would be too close to create a pending order.
In any case, if slippage is your concern, then you should note that AutoTrade will not copy trades with slippage over 3 pips and in such case will retry until it can copy the trade at a better price.


unfortunately

rob559 posted:

fedromfr posted:
Hi, People!
What is going on? All systems have shown a draw down today!

normal thing ,dd happens regularly specially at the holldays coming

Thanks for the reply!

Now the second day! I have an account with includes ALL 21 Autotrade systems currently available. It is going down for the second day in a row already! I thought I would create an account with all autotrade systems included. As myfxbook assures that they validate systems before adding them to autotrade, I thought that the best performing systems will somewhat compensate the less performing and the net result will be at least slightly positive (I am not greedy, even the slowest, but more or less stable growth would suffice). But what do I see - the net result of all autotrade systems combined is going down!!!

fedromfr posted:
Hi, People!
What is going on? All systems have shown a draw down today!

Not for me :)

fedromfr posted:

rob559 posted:

fedromfr posted:
Hi, People!
What is going on? All systems have shown a draw down today!

normal thing ,dd happens regularly specially at the holldays coming

Thanks for the reply!

Now the second day! I have an account with includes ALL 21 Autotrade systems currently available. It is going down for the second day in a row already! I thought I would create an account with all autotrade systems included. As myfxbook assures that they validate systems before adding them to autotrade, I thought that the best performing systems will somewhat compensate the less performing and the net result will be at least slightly positive (I am not greedy, even the slowest, but more or less stable growth would suffice). But what do I see - the net result of all autotrade systems combined is going down!!!

hey ,
it's very bad think to put all system together , there are system thats trade in differently strategy, what you do is the best way to going down coz if the risk or margin is high then it's stop to open new trades and then you can't follow the results.

 before you trying automatic forex you should first check which system compatible with your system and set right multiplier.

i think you should take 1 or 2 system with long time performance and stay long time with them , only then this will bring you to the performance you want to get.

Hello everyone,
I would like to tray autotrading but I am really scared about computer fraud.
I use a VPS and with internet I could loose the personal control of my codes and passwords,
Have you ever heard something about it?
Do you think that it is a real problem using these systems?
Thank you for advises, suggestions and past experiences,
see you,
Simone
Rome Italy

mydarkforex posted:

fedromfr posted:

rob559 posted:

fedromfr posted:
Hi, People!
What is going on? All systems have shown a draw down today!

normal thing ,dd happens regularly specially at the holldays coming

Thanks for the reply!

Now the second day! I have an account with includes ALL 21 Autotrade systems currently available. It is going down for the second day in a row already! I thought I would create an account with all autotrade systems included. As myfxbook assures that they validate systems before adding them to autotrade, I thought that the best performing systems will somewhat compensate the less performing and the net result will be at least slightly positive (I am not greedy, even the slowest, but more or less stable growth would suffice). But what do I see - the net result of all autotrade systems combined is going down!!!

hey ,
it's very bad think to put all system together , there are system thats trade in differently strategy, what you do is the best way to going down coz if the risk or margin is high then it's stop to open new trades and then you can't follow the results.

 before you trying automatic forex you should first check which system compatible with your system and set right multiplier.

i think you should take 1 or 2 system with long time performance and stay long time with them , only then this will bring you to the performance you want to get.

I have enough free margin to open all trades of all autotrade systems! And the risk level and margin use level does not exceed 30%. And I use the same smallest possible multiplier for all of the systems!


And the net result is going DOWN!

Please draw conclusion from that fact, people!

The net result, on the average, of the auto trading is negative! If you are really lucky you may choose the right strategies, of cause, but the probability is against you on the average.

And I repeat my post about misleading AutoTrade strategy simulator. Removed strategies are not taken into account during simulation - which is UNFAIR and MISLEADING. In real life, if someone was trading during that period, without knowing beforehand, which strategies would fail, he would lose money, but the simulator is not taking that into account!

@technical staff

Isn't there a bug in the simulator with the minimum capital ?

When i set let's say the coef to 1.0 with a system, the amount of minimum capital seems ok. For example 100$.

When i set the coef to 0.1, i expected the minimum capital to decrease by something between the same as with coefficient 1.0 and 1/10 of it.

The calculus is opposite : the required minimum capital is increasing very high. With coefficient above 1.0, the minimum capital required is decreasing.

Can you check that ? Is it possible ? Or did i misunderstood the coefficient ?

Thnaks and continue this good work.

@technical staff again

Christmas work ;-)

- Improve response time of 'loading live data' when displaying actual autotrade account : i have to wait more than one minute with only two trades ongoing !

- And please add the ability to reenter the trade when closing manual trades: it worked with EA, i can't now with manual trades...

- With manual trades in the 'my ... account' part of autotrade, i can't see some parameters (lot, ...) that i can see when display the same account in 'my portfolio'

Thanks !

edrod007 posted:

mydarkforex posted:
...
You need to understand that’s pending orders could be opened in your account and could not opened in the signal account because of Dependency of broker feed and then you will wonder why you have open position and the signal does not.
Now the signal decide to close the open order while you stay with open position that’s opened by the pending order (Dependency of broker feed), then you will need to close the position by yourself.

I received this response from support:

Hello edrod007.

As far as I understand, you wish us to use pending order to copy a trade instead of copying it in real time? If that is the case, that it won't work as the price would be too close to create a pending order.
In any case, if slippage is your concern, then you should note that AutoTrade will not copy trades with slippage over 3 pips and in such case will retry until it can copy the trade at a better price.


unfortunately

the both of the cases are right ,
there is lot of reasons why we shouldn't use pending order.

Question: Im forward testing one of my home built EAs. Its a grid system and Im wondering about how many open trades that MT4 can handle. Im running 10 pairs trading both sides. Its a grid type of system. I was thinking I had once read that it could handle up to 99 trades, but once in a while, im sure my grid system could have 12 or more trades open per pair. ANy one know for sure how many trades MT4 can handle? If no one knows then I will attempt to build a setup and attempt to test for more than 99. Im trading at over 1600 trades so far this week and this number per week is sure to increase on occasion. You can view my last chart setup to see. All are micro trades at 9 pips tp at .01 each.

Sincerely
Garry

So I got the rogue trade below..... and it was soooo big that I was afraid my account was about to blow up - should this monster move against me. Fortunately it did NOT and instead I made a big profit - the trade closed itself within a few minutes by some stroke of luck and made 5 full pips. But the point is why did this happen? This signal would typically be well and truly below 0.5 lots on my account, and this rogue trade goes to 7.61 lots!!!! I have now modified all my signals to have a max lots of 1 - just in case this happens again. I suggest you all do the same......

Provider : 4uforex-x5-fxcm
Symbol: GBPUSD.arm
Type: Buy
Lots: 7.61
Open: 1.63036
TP: 0.0
SL: 0.0
Ticket:xxxxxxxx

bejeve posted:
So I got the rogue trade below..... and it was soooo big that I was afraid my account was about to blow up - should this monster move against me. Fortunately it did NOT and instead I made a big profit - the trade closed itself within a few minutes by some stroke of luck and made 5 full pips. But the point is why did this happen? This signal would typically be well and truly below 0.5 lots on my account, and this rogue trade goes to 7.61 lots!!!! I have now modified all my signals to have a max lots of 1 - just in case this happens again. I suggest you all do the same......

Provider : 4uforex-x5-fxcm
Symbol: GBPUSD.arm
Type: Buy
Lots: 7.61
Open: 1.63036
TP: 0.0
SL: 0.0
Ticket:xxxxxxxx

Hi, that trade appeared on my account as

12.16.2013 15:13 12.16.2013 15:13 GBPUSD Buy 2.00 - - 1.63043 1.63020 -2.3 1s -2.50%

The volume is slightly less than yours, but still much higher than normal 0.01 stemming from my account settings. What I wand to stress your attention to is THE PRICE OPEN - why is it slightly worse in my case than in yours? Luckily for you - you got profit - but I got loss because of the slightly worse order execution. Why is this happening?

fedromfr posted:

bejeve posted:
So I got the rogue trade below..... and it was soooo big that I was afraid my account was about to blow up - should this monster move against me. Fortunately it did NOT and instead I made a big profit - the trade closed itself within a few minutes by some stroke of luck and made 5 full pips. But the point is why did this happen? This signal would typically be well and truly below 0.5 lots on my account, and this rogue trade goes to 7.61 lots!!!! I have now modified all my signals to have a max lots of 1 - just in case this happens again. I suggest you all do the same......

Provider : 4uforex-x5-fxcm
Symbol: GBPUSD.arm
Type: Buy
Lots: 7.61
Open: 1.63036
TP: 0.0
SL: 0.0
Ticket:xxxxxxxx

Hi, that trade appeared on my account as

12.16.2013 15:13 12.16.2013 15:13 GBPUSD Buy 2.00 - - 1.63043 1.63020 -2.3 1s -2.50%

The volume is slightly less than yours, but still much higher than normal 0.01 stemming from my account settings. What I wand to stress your attention to is THE PRICE OPEN - why is it slightly worse in my case than in yours? Luckily for you - you got profit - but I got loss because of the slightly worse order execution. Why is this happening?

hi,
each broker has different feed of prices and the execution is different from broker to broker this could may be the reason of the difference of the open price.

fedromfr posted:

bejeve posted:
So I got the rogue trade below..... and it was soooo big that I was afraid my account was about to blow up - should this monster move against me. Fortunately it did NOT and instead I made a big profit - the trade closed itself within a few minutes by some stroke of luck and made 5 full pips. But the point is why did this happen? This signal would typically be well and truly below 0.5 lots on my account, and this rogue trade goes to 7.61 lots!!!! I have now modified all my signals to have a max lots of 1 - just in case this happens again. I suggest you all do the same......

Provider : 4uforex-x5-fxcm
Symbol: GBPUSD.arm
Type: Buy
Lots: 7.61
Open: 1.63036
TP: 0.0
SL: 0.0
Ticket:xxxxxxxx

Hi, that trade appeared on my account as

12.16.2013 15:13 12.16.2013 15:13 GBPUSD Buy 2.00 - - 1.63043 1.63020 -2.3 1s -2.50%

The volume is slightly less than yours, but still much higher than normal 0.01 stemming from my account settings. What I wand to stress your attention to is THE PRICE OPEN - why is it slightly worse in my case than in yours? Luckily for you - you got profit - but I got loss because of the slightly worse order execution. Why is this happening?

I think the main reason I got a profit was because the trade stayed open for 4 minutes in my case and 1 second in your case (and the signal provider's case). So it means you got a truer representation of the signal provider which is a good thing generally. In this case, because I missed the original close order, it may have successfully sync'd a few minutes later at which point the price had moved favourably for me:
16.12.2013 15:13 16.12.2013 15:18 GBPUSD Buy 7.61 - - 1.63036 1.63086 5.0 330.87 4m 11.80%

bejeve posted:

Great! Thank you very much for explanations! Is very nice to have someone to discuss. I am trading on demo right now yet actually. Just checking the system before going for real. Are you autotrading for real already? For how long? What is your experience with it? Do failing strategies (one or two of them fail every month) spoil the result that dramatically? How do you protect against them?

I am trading MyFxBook AutoTrader with real money. I think it is an absolutely brilliant concept and I love how configurable it is. I have only traded it now for a week and a few days but am in a small amount of profit (even when excluding the lucky rogue trade above). I think about 8 or 9% profit excluding the 11.8% rogue trade above. I have set it up as fairly high risk and it is performing a little bit below my expectations from the simulation, but having said that, the profit level jumps around a lot so it is still too early to say whether it will work for me in the medium term or whether I have just had a lucky start. I am optimistic about it overall.

With regard to failing strategies, I am using 7, and I think 2 have good profits, 2 have minor profits and 3 have minor losses. I kicked out one strategy very quickly (after about a day) because what it was doing spooked me and looked wrong. One other strategy trades a lot and has very small profits per trade and then big losses occasionally. I think it might get kicked as well, because I prefer strategies that can let profits run and cut losses quickly (i.e. average profit trade value should be bigger than average losing trade value).

I will monitor performance and will tweak settings over time towards strategies that are more stable and profitable and predictable. It is already very clear in my 7 - that one of them is performing very well and trading in a manner whereby I have much respect for whoever is behind it. I can already tell that there is a very good trader or algorithm behind it. What it does is: one trade at a time, usually makes quite a nice, not too big and not too small profit in a small amount of time. Then it waits for the next setup. Does not trade frequently but when it trades, it does well. This is exactly what I want from an AutoTrade strategy.

I'd love a discussion place for those of us who are using Autotrade live. I don't personally mind if non-live users are able to read the discussion, maybe, but mostly it would be good for those of us who are trying to make a go of it to have a place to talk about our successes and failures. My live Autotrade account is public for now, but maybe if we made a closed group, those of us with live accounts might be willing to share our account details and setups with other live account users.

@Staff: if others want something like this, could Myfxbook set something like that up? First though, I'd be interested in knowing if this is something anyone else would want.