Myfxbook Autotrade
Member Since Jul 31, 2009
1444 posts
Oct 28, 2013 at 11:18
jprize posted:
I see Axitrader has been added to autotrade. The link takes me to Axitrader application. When United States is entered in the 'Country' box, it takes you to Axitrader US.........Can Axitrader US accounts be linked to autotrade??
No, we cannot accept at this time US clients due to regulatory limitations.
Oct 28, 2013 at 12:31
Staff posted:
@beren @CrazyTrader
Trades aren't synced every 15 minutes but every 3 minutes (was 5 minutes at some point). I don't think syncing the trades on every tick is possible (or logical) but I will forward it to the dev team. Keep in mind that we don't accept scalping strategies, so this does not make much of a difference.
Syncing the trades every few minutes actually works for you and not against you as then you can get positive slippage, while syncing as soon as possible will usually result in a slightly better or equal trade entry versus the provider's.
You wrote me on October 2 and told me that 'AutoTrade is tries to re-sync the trades every 10 minutes' [sic]. I said 15 minutes in my last post, but that was my bad memory. In this email, you mentioned that the dev team had adjusted this parameter down to 5 minutes. It sounds like you’ve taken it further down to 3, which is a lot better than the 10 minutes which cost me a 15% gain trade earlier this month where the trade was in “positive slippage” territory for about 8 minutes.
As I mentioned in my response to you, offering adjustable slippage per provider would be a good option. Some providers would lose profitability at 3 points slippage per trade, and others (like StanOK) apparently need more slippage to be profitable. In fact, this is something you could calculate yourself based on the provider’s history and the instruments they’re trading, and set it per provider (even per provider/instrument) yourself.
Finally, information like the retry interval needs to be documented. It would be a lot more helpful for us to read specifically how things work in the documentation rather than being surprised when things don’t work the way we expect them to. Another example here is the lot size calculation, where you don’t mention anywhere in the docs that the maximum effective leverage you’ll allow on the following account is 1:50. Without this fact, many of the leverage calculations just appear wrong.
Thanks!
Member Since Sep 12, 2009
313 posts
Oct 28, 2013 at 19:23
Hello
I am new to autotrader , would like to start an account with autotrader can anyone shed light one me what are the slippage and all
any one had any personal experience ,
Thank you in advance
I am new to autotrader , would like to start an account with autotrader can anyone shed light one me what are the slippage and all
any one had any personal experience ,
Thank you in advance
Oct 29, 2013 at 00:24
I'm not so sure if it's good idea trying to follow 2-3 signal providers. I've started a demo and added almost all possible providers and tried to set equal dds for each other. More for diversification the better and easier to trade (should be smaller dds and smoother equity curve). If the result of demo after a month or two will be nice i might consider going live with the same - but there's the problem obviously if the real accounts are going to make money on those +1 pip trades.
This autotrade oportunity will be great for a lot of people as long as someone really experienced pick up only those good and reliable systems and nobody tries to only gain money on followers.
I think nobody needs another Zulutrade, when you really can't gain anything without spending hours/day manipulating the signal providers list and finally you will blow out. So my suggestion to keep only limited amount of signal providers, maybe break this rule when there're more good ones, but i wouldn't really expect more than .. 20 good systems/traders. If there're at least 2 good ones...?
This autotrade oportunity will be great for a lot of people as long as someone really experienced pick up only those good and reliable systems and nobody tries to only gain money on followers.
I think nobody needs another Zulutrade, when you really can't gain anything without spending hours/day manipulating the signal providers list and finally you will blow out. So my suggestion to keep only limited amount of signal providers, maybe break this rule when there're more good ones, but i wouldn't really expect more than .. 20 good systems/traders. If there're at least 2 good ones...?
Oct 29, 2013 at 09:58
Haha, i think it's wrong you accept systems with custom start date..
https://www.myfxbook.com/members/autotrade/soliton-falcon/566228
14% dd, use all data, 67% dd.
https://www.myfxbook.com/members/autotrade/soliton-falcon/566228
14% dd, use all data, 67% dd.
Member Since Nov 21, 2011
1718 posts
Oct 29, 2013 at 15:04
grgr posted:
This autotrade oportunity will be great for a lot of people as long as someone really experienced pick up only those good and reliable systems and nobody tries to only gain money on followers.
One great thing about this Autotrade is that provider get little commissions only when it closes itself a winning trade.
Also the minimum average Pips winning trade must be greater than 10 pips.
Anyway, if you don't like some of theses providers trading style... just pick up the one suits your own criteria.
Member Since Sep 19, 2013
9 posts
Oct 29, 2013 at 18:12
grgr posted:
Haha, i think it's wrong you accept systems with custom start date..
https://www.myfxbook.com/members/autotrade/soliton-falcon/566228
14% dd, use all data, 67% dd.
use all data, Gain:-26.18% ; Monthly: -4.43%
Oct 29, 2013 at 18:22
(edited Oct 29, 2013 at 18:22)
samalphard posted:grgr posted:
Haha, i think it's wrong you accept systems with custom start date..
https://www.myfxbook.com/members/autotrade/soliton-falcon/566228
14% dd, use all data, 67% dd.
use all data, Gain:-26.18% ; Monthly: -4.43%
I asked them about that when Soliton Falcon first came out. I see their discussion page is no longer linked from the system page, but you can see their response at https://www.myfxbook.com/community/trading-systems/soliton-falcon/550494,1 .
Member Since Nov 21, 2011
1718 posts
Oct 29, 2013 at 18:24
@Ethan
I have to admit that the provider listed above doesn't deserve to be a provider for the reason that if you select the last 3 months of trading his drawdown is higher from gains.
it should be taken it off.
I have to admit that the provider listed above doesn't deserve to be a provider for the reason that if you select the last 3 months of trading his drawdown is higher from gains.
it should be taken it off.
Attachments:
Oct 29, 2013 at 23:34
Help me understand the entry delay, slippage etc. From previous posts, I thought trades were only copied at same or better entry price as the master account.... Today, I linked an Armada account to autotrade/ copy 'WOOD'..... Two trades so far. The first with 4 pips + slippage...The second with 1 pip slippage.... If this is what I should expect to continue, many of WOOD's winning trades will be losers for me...............
Member Since Nov 21, 2011
1718 posts
Oct 30, 2013 at 00:05
jprize posted:
Help me understand the entry delay, slippage etc. From previous posts, I thought trades were only copied at same or better entry price as the master account.... Today, I linked an Armada account to autotrade/ copy 'WOOD'..... Two trades so far. The first with 4 pips + slippage...The second with 1 pip slippage.... If this is what I should expect to continue, many of WOOD's winning trades will be losers for me...............
Master Account 2 last orders:
10.30.2013 01:42 10.30.2013 01:49 EURUSD Sell 0.48 1.37493 1.37473 2.0 6.41 7m
10.29.2013 17:45 10.29.2013 18:45 EURUSD Buy 0.31 1.38079 1.37823 -25.6 -81.42 1h 0m
Can you please add your Opened and closed price so we understand better what happened exactly?
Oct 30, 2013 at 09:52
For example... The master opened a sell EU on 10-29 at 19:15 1.37482... This trade was copied to my account as sell EU 1.37447.
The next two trades were actually copied within a half pip of the master . Maybe the significant slippage was only on trade that the master had already open when the account was linked..... I'll be watching.
The next two trades were actually copied within a half pip of the master . Maybe the significant slippage was only on trade that the master had already open when the account was linked..... I'll be watching.
Oct 30, 2013 at 14:50
Hello, I am very new to this but a could of questions pop up I cannot find an answer to.
What if my broker becomes 'unsupported' do I need to open a new account? How often would this happen?
Does my trading platform need to be open to recieve trades? I think so.
What if my broker becomes 'unsupported' do I need to open a new account? How often would this happen?
Does my trading platform need to be open to recieve trades? I think so.
Member Since Jul 31, 2009
1444 posts
Oct 30, 2013 at 14:52
jprize posted:
For example... The master opened a sell EU on 10-29 at 19:15 1.37482... This trade was copied to my account as sell EU 1.37447.
The next two trades were actually copied within a half pip of the master . Maybe the significant slippage was only on trade that the master had already open when the account was linked..... I'll be watching.
Slippage may occur at times but important to understand it can be both positive slippage and negative slippage which is why it is better to assess it as an average. To see the exact slippage, check the 'AutoTrade' tab in your portfolio and then click the '+' icon as shown here: https://blog.myfxbook.com/2013/10/07/autotrade-slippage-metrics-autocomplete-search/ .
Member Since Jul 31, 2009
1444 posts
Oct 30, 2013 at 14:54
Adot posted:
Hello, I am very new to this but a could of questions pop up I cannot find an answer to.
What if my broker becomes 'unsupported' do I need to open a new account? How often would this happen?
Does my trading platform need to be open to recieve trades? I think so.
A broker cannot become unsupported. Moreover, you do not need to run anything on your end - everything is automated on our servers.
Member Since Sep 19, 2013
9 posts
Nov 06, 2013 at 20:14
Ethan,
When we add a signal provider(SP), the Autotrade straight away copy all the open positions of the SP to our account regardless of how large the DD or profit of the current positions. I don't think this is a good idea, especially when the SP have many open positions & already in huge DD or profit, this will create a huge gap between our positions & the SP's. The SP might close the position at anytime & will cause a lost on our side.
I think Autotrade should provide an option to allow us to choose which open position(s) of the SP we like to copy when adding them to our live account. Zulutrade have this option when we add a SP.
Copy ALL the open positions blindly when adding an SP is pure gambling! Think about it seriously.
Many of the SP keeps their open position & history private, unless we add them into our live account, we're unable to see if their strategy /system is within our tolerance. Even after we add to our live account, some SP still hide their lot sizing, SL & TP , I think trader should show all if want to become Autotrade signal provider or at least show to live followers.
Thanks
When we add a signal provider(SP), the Autotrade straight away copy all the open positions of the SP to our account regardless of how large the DD or profit of the current positions. I don't think this is a good idea, especially when the SP have many open positions & already in huge DD or profit, this will create a huge gap between our positions & the SP's. The SP might close the position at anytime & will cause a lost on our side.
I think Autotrade should provide an option to allow us to choose which open position(s) of the SP we like to copy when adding them to our live account. Zulutrade have this option when we add a SP.
Copy ALL the open positions blindly when adding an SP is pure gambling! Think about it seriously.
Many of the SP keeps their open position & history private, unless we add them into our live account, we're unable to see if their strategy /system is within our tolerance. Even after we add to our live account, some SP still hide their lot sizing, SL & TP , I think trader should show all if want to become Autotrade signal provider or at least show to live followers.
Thanks
Member Since Nov 09, 2013
16 posts
Nov 10, 2013 at 21:01
Ethan, two requests :
- Really mandatory, when we add a signal provider to start copying only NEW trades (same as samaphard request i think).
- Really mandatory too : knowing the broker of the signal provider. Some strategies will never work on different brokers due to market limitations. For example the stop loss minimum distance is really a problem for scalpers. The ONLY way to be sure to copy a trade is to trade with same broker as the signal provider or, at least, to detail broker minimum requirements (for example max spread = 5 pips, min stop loss distance = 3 pips, etc.) so we can check with our broker limits.
- Really mandatory, when we add a signal provider to start copying only NEW trades (same as samaphard request i think).
- Really mandatory too : knowing the broker of the signal provider. Some strategies will never work on different brokers due to market limitations. For example the stop loss minimum distance is really a problem for scalpers. The ONLY way to be sure to copy a trade is to trade with same broker as the signal provider or, at least, to detail broker minimum requirements (for example max spread = 5 pips, min stop loss distance = 3 pips, etc.) so we can check with our broker limits.
Member Since Nov 21, 2011
1718 posts
Nov 10, 2013 at 21:18
investisseurfr posted:
Ethan, two requests :
- Really mandatory, when we add a signal provider to start copying only NEW trades (same as samaphard request i think).
=> Maybe this feature can take time to be implemented... try to copy when provider has no positions running.
- Second point:
Scalping strategy is not allowed in Myfxbook unless average pips/trade is > 10 pips and duration > 5 min or so...
Nov 11, 2013 at 12:56
What happens when a subsriber closes a trade manually, I read 2 different points on this.
First there is this from the FAQ:
'Can I close trades which were automatically opened by AutoTrade systems?
Although you can close the open trades/orders through your MT4 terminal, it is not recommended.
In order to match an AutoTrade system performance to yours, we have a protection system in place to make sure trades are copied under every circumstance. If you close a working trade which is still open in the AutoTrade system, it will be automatically restored, which will only cause you to pay extra spread fees.'
But from the Help section there is this:
Re-entering trades
'When you close a trade manually through your AutoTrade, you have the option to re-enter the trade at a better price automatically. This is very useful if you have a trade in profit which you want to close and if the price reaches the entry price again, the trade will be copied again - this way you can exit the trade with a profit several times in case the market ranges back and forth from the entry price.'
So in the Help section there is talk about an OPTION to re-enter a closed trade at the entry price, while in the FAQ it states it will be opened automatically right away.
Which explanation is right? If one is right and the other isn't, this should be edited to prevent more confusion.
First there is this from the FAQ:
'Can I close trades which were automatically opened by AutoTrade systems?
Although you can close the open trades/orders through your MT4 terminal, it is not recommended.
In order to match an AutoTrade system performance to yours, we have a protection system in place to make sure trades are copied under every circumstance. If you close a working trade which is still open in the AutoTrade system, it will be automatically restored, which will only cause you to pay extra spread fees.'
But from the Help section there is this:
Re-entering trades
'When you close a trade manually through your AutoTrade, you have the option to re-enter the trade at a better price automatically. This is very useful if you have a trade in profit which you want to close and if the price reaches the entry price again, the trade will be copied again - this way you can exit the trade with a profit several times in case the market ranges back and forth from the entry price.'
So in the Help section there is talk about an OPTION to re-enter a closed trade at the entry price, while in the FAQ it states it will be opened automatically right away.
Which explanation is right? If one is right and the other isn't, this should be edited to prevent more confusion.
