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Myfxbook Autotrade

WeeChong Lee (leeweechong)
Mar 01 2017 at 13:20
10 posts
PhilTrader posted:
Maybe someone can explain me how the settings reallywork as I dont get it.

You can try them out in the Simulator - I use ATLASTicklmill als Provider.
Giving his Account is 16.000$ and my Account is only 2000$ - I would say that from the accountsize I should set the multiplier to just 0.16 to have the 8:1 value.

But if I do this - the simulator shows that my 'Minimal Balance' should better be at 16.000$ - while my Hypothetical Drawdown is at 5.5%.

As far as I understand 'Minimal Balance' should reflect my own Account Size - so I try to meet this - now I have to set the multiplier to 2.5 to meet a Minimal Balance of 2000$ - BUT on the other side the Hypothetical Drawdown raises to 44%.

So if anyone could explain me what this multiplier is doing ....

Hi Phil, ignore the calculator. It makes no sense. What I did was to set the ratio to 1:1 and then using the options in the settings, limit the number of open trades and fixed the trade size. I suppose with a $2,000 deposit, you can set each trade to 0.02 lot and limit it to 5 trades.
WeeChong Lee (leeweechong)
Mar 01 2017 at 13:22
10 posts
Fatman posted:
Hi, guys!

I want to be an autotrade provider!

It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?

https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214

Thanks for answers!

Returns must be 10% higher than drawdown.
dmaggio
Mar 02 2017 at 07:09
23 posts
leeweechong posted:
Fatman posted:
Hi, guys!

I want to be an autotrade provider!

It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?

https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214

Thanks for answers!

Returns must be 10% higher than drawdown.

No martingale/grid techniques allowed.
mario123
Mar 02 2017 at 07:09
14 posts
Fatman posted:
Hi, guys!

I want to be an autotrade provider!

It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?

https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214

Thanks for answers!


Very good. It's a fascinating proposal! Notify us when you are added. I think it's great.
Viktor Natalych
Fatman
Mar 02 2017 at 07:46
4 posts
leeweechong posted:
Fatman posted:
Hi, guys!

I want to be an autotrade provider!

It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?

https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214

Thanks for answers!

Returns must be 10% higher than drawdown.

Last 3 monthes i have DD not more than 3%
WeeChong Lee (leeweechong)
Mar 02 2017 at 08:20
10 posts
Fatman posted:

Last 3 monthes i have DD not more than 3%

I don't think they look at just the last 3 months. You need to have at least 3 months of trade history but your current DD is 44% versus a 32% abs gain. Great performance btw.
Viktor Natalych
Fatman
Mar 03 2017 at 08:14
4 posts
leeweechong posted:

I don't think they look at just the last 3 months. You need to have at least 3 months of trade history but your current DD is 44% versus a 32% abs gain. Great performance btw.

I understood you! Thank you for the clarification! I figured out what I need to strive for performance! I need a little time! :)
jmsanc
Mar 17 2017 at 08:08
6 posts
Hi, I Am having trouble loading live data in autotrade. Everytime I try to manage my account the page gets stuck to loading live data. This problem started only in the previous 2 days. Anyone experiencing the same problem? Any advice to fix this? I just have 3 demo accounts in which I am keen to go live. Thank you.
gepari71
Mar 17 2017 at 08:37
12 posts
Hi , it was a technical problem , same to me , but now everything it's fine and work again
Aimak Rokalno (Aimak)
Mar 17 2017 at 09:29
149 posts
Im having the same issues loading AT account manager
exquisite entries with calculated exits
jmsanc
Mar 17 2017 at 11:52
6 posts
That's good to know. Thanks @gepari71
redd247
Mar 19 2017 at 08:23
1 posts
Good Day,

- are there minimum $ amounts that is required to join an auto trade account ?
- what is a good rule of thumb to use to avoid slippage or incorrect trade size ?

Thx U
elsa85
Mar 31 2017 at 10:18
11 posts
hello guys, this account (demo) is open from June 2015. I use 2 trader, lucky pound and Atlas. my only question is this, is it really possible to have these results in a real account? more or less how much money you hold your trader by a gain like that? thank you

Attachments:

fortress (fortress)
Mar 31 2017 at 11:02
7 posts
^^ No the demo accounts don't factor in the spread, typically for each trade you'll be 1 - 2 pips worse off depending on your broker.
jmsanc
Apr 02 2017 at 07:26
6 posts
@elsa85 Thanks for posting your results. Thats very encouraging.
OnTheEdge
Apr 04 2017 at 22:38
44 posts
lemanumanu posted:

So, do someone with a real Autotrade copy account is experiencing such amazing positive slippage numbers? Or is it Disney slippage what MyFxBook calls asymmetric slippage?

Thanks!

Checkout Snowy's account I think it says all that needs to be said https://www.myfxbook.com/members/snowy/myfxautotrade-live/1902265

38 euro in commission to make 13? The fact is most of the providers Expectancy is just to small to overcome any type of slippage +/-, those with higher Expectancy use Gold to up there Expectancy!

I have been studying this for a while seems most of the systems are setup to just make the provider profit, if their gold trades aren't a substantial portion of the Gain AND your broker has a lower spread than theirs, not sure how one would profit.

I have a demo with both +/- slippage and has 267% gain in 7 months but at 4.9 pips Expectancy not much room for slippage. Take a look @Snowys account do a Custom Analysis remove XAUUSD for the Analysis and you'll see the Expectancy drops to 0.8... 😲

Not sure if there is a way to overcome this without providers who aim for higher profit targets.

Good Luck!
ForexPlayer
Apr 10 2017 at 06:51
3 posts
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?

Aimak Rokalno (Aimak)
Apr 10 2017 at 10:36
149 posts
ForexPlayer posted:
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?


From the High figures:
- abs Gain,
- pip in Expectancy (excluding metals)
- pips in Average Win (excluding metals) being aprox or higher than Average Loss

From the low figures:
- DD

Personally I dont like to see frequent deposits but I do like to see frequent withdrawals. The equity curve should not be visible from the growth chart, i mean, no equity excursions. I dont like to see more than 3 trades opened at once (same pair and time)
exquisite entries with calculated exits
OnTheEdge
Apr 11 2017 at 06:51
44 posts
ForexPlayer posted:
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?


In addition to Aimak's list I also look at;

Risk of Ruin; any number above 0.01% is where you can expect Draw Down to occur or fall(if a provider has 0.25% at 30% than you are likely to see a DD at that level) if this number is > 1.0% at 50% than I move on.

 SL if the provider doesn't use a SL on every trade I move on. Even though this is required by myfxbook to be a provider there are a few who have many open trades with no SL.

If I find a provider I want to follow I'll monitor their system and try to start following them after a draw down.


Sephiroth
Apr 11 2017 at 07:00
6 posts
Can anyone shed me some light how autotrade deals with partially close order? would it completely close the order or partially close according to the ratio of signal provider?

thanks.
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