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Myfxbook Autotrade

pierpa
May 30 2013 at 18:05
15 posts
@beren : did you check if the formula works with equity instead of balance?

beren
May 30 2013 at 19:06
47 posts
pierpa posted:
2) as said, not adjustable leverage. maybe i don't want 200x because i am in usa...


Although your demo account says 1:200 leverage, AutoTrade is actually only trading 1:50. I don't think this is documented anywhere.

pierpa posted:
@beren : did you check if the formula works with equity instead of balance?


My balance and equity numbers are close enough that I didn't bother calculating this. That alone couldn't cause the differences I've seen.

The Myfxbook team has made some changes to lot size calculations in response to some of the issues I've posted. That's good news. My Autotrade demo account is days behind in updating too, but I assume that's do do with the ongoing issues with MetaQuotes so I'm giving that some time to shake itself out. Oh, mine just updated 4 minutes ago. What do you know.

mosephus
May 31 2013 at 15:05
1 posts
hi,

really like the smooth handling of the auto trade tool, but there are 2 big questions that came up which could not be solved by the FAQ/help section.

1. if open trades are hidden by the provider, are open trades which are in a loss for now but still open included in the providers performance/equity or are only closed gains/loses recognized, if they are hidden by the provider?

I think little more information should be provided once you go live and subscribe to a provider, if not full clearance of open trades or at least on their number of open trades and their influence on margin/equity or if they are in a gain or lose. otherwise a portfolio can be pimped up easily for some time by leaving small losing trades open
until they are closed

2. The information on 'How a lot size is calculated?' in the auto trade help section is not clear to me at all. i think the function might scew on risk adjustment(multiplyer and hypotheticals):

The function says: follower_trade_size = leverage_ratio X balance_ratio X account_currency_ratio

 -'500 pips a month' for example has hidden their info on leverage, so leverage_ratio will be unknown and therefore follower_trade_size cant be calculated by the follower, so that i would have to check their trade history after a followed trade is closed in order to then solve the function anyways...

- if leverage_ratio would be equal in both systems and the provider has more balance ( for example twice as much balance) so that balance_ratio = 0.5 then all hypothetical risks are scewed when the provider trades many micro lots because the follower cant trade 0,5x of a micro lot leaving him with a doubled risk ratio on these trades... ( '500 pips a month' is one of the providers with many micro trades)

-cant follow the logic behind leverage_ratio in order to fit trade_sizes. one example if balance ratio now equals one with only half leverage for the provider (leverage_ratio=2) then trade_size= 2x provider lot size, which will even the margin risk for both accounts but in return DOUBLE the P/L risk of the followers trade. To me this function only evens margin requirements but acts like a 2x multiplier on the provider trades.


I hope i didnt misunderstand all the risk calculations but some more information on this topic is really helpful for followers since the provider portfolios only show realized gains/loses but almost nothing about unrealized risk if open trades are hidden(i think only the equity information under 'info stats' is useful to so the providers current equity and therefore losing or winning trades)

does anybody know more about risk calculation with the auto trade tool? i have a feeling that the hypotheticals are scewed as soon as leverage or balance is different from the provider portfolio...

forex_trader_[3734]
Jun 04 2013 at 16:13
33 posts
My account is autotrade provider and it is no more updating. How can I solve this?

forex_trader_[3734]
Jun 04 2013 at 16:19
33 posts
Now I'm updating with the EA, but I don't think this should be the correct way of updating for provider accounts.

tleetabor
Jun 05 2013 at 12:43
5 posts
Ditto for me. I haven't seen a move in balance or equity in I think 4 days...

jagui posted:
My account is autotrade provider and it is no more updating. How can I solve this?

tleetabor
Jun 05 2013 at 12:44
5 posts
I just checked... It's actually been 7 days since the last change in either balance, equity, trades, or history.

jagui posted:
Now I'm updating with the EA, but I don't think this should be the correct way of updating for provider accounts.

Staff (Staff)
Jun 05 2013 at 12:45
1390 posts
The portfolio update issue will be resolved in a few minutes - I apologize for the inconvenience.

Staff (Staff)
Jun 05 2013 at 14:44
1390 posts
beren
Jun 05 2013 at 21:47
47 posts
Staff posted:
Fixed.


Hi Ethan. I've been keeping quiet about all the problems I've been having as I assumed you guys are well aware of them. Now that you've said this one issue at least is fixed, I figured I should mention that nothing seems 'fixed' to me.

First, when I go to https://www.myfxbook.com/autotrade, I just get 'Please wait while we're loading live data...'. It's been like this since last week every time I've tried. Similarly, my AutoTrade demo page has said 'The AutoTrade system is currently undergoing maintenance. Please try again in a few moments.' all that time, and then has gone to the same 'Please wait while we're loading live data...' message after that.

Finally, viewing my AutoTrade demo page through the Portfolio dropdown (https://www.myfxbook.com/members/beren/fxgrowthbot/529773) shows me that my account was last updated Jun 01 at 03:35. I assume speeding this back up wasn't part of what you guys just fixed, but I thought I'd mention it anyway, just in case.

Thanks for all your hard work on everything,
- Andrew.

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