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Myfxbook Autotrade

allenho
Feb 28 2014 at 15:15
3 posts
Well, each to his own...but people should check the trading histories of 'matthew mcculloch' and 'Axitrader' and decide for yourselves if you're double exposing yourselves to the same trades when you copy them both.

investisseurfr
Mar 12 2014 at 20:19
16 posts
Another winning trade that was not copied on one account and copied on the other...

This absolutly not reliable.

Don't trust the simulator.

AnotherBrian (AnotherBrian)
Mar 13 2014 at 01:44
74 posts
Aimak posted:
Alternatively, you may use the signal service provided within MT4


How is this done, to use that don't you sign up and use MQ5?

JSR111
Mar 14 2014 at 18:53
21 posts
I'm on a $1,000 demo with Matthew Mcculloch. Just the other day equity has reached around $1,250 and did not close trades. Now equity is $949. This is what's puzzling with these signal providers sometimes.

superphysics (superphysics)
Mar 17 2014 at 14:33
8 posts
That's why you can manually close trades! Close when it's high, but with an option to re-enter. I just learned that myself, the exact same thing happened to me. Ended up losing nearly 30% of my balance, but wisdom comes at a price :|

Never trade forex if you can't! :)
superphysics (superphysics)
Mar 17 2014 at 14:33
8 posts
Also, this new Catatan Trader addition seems to have a meteoric rise in recent times. Strategy change, do you suppose?

Never trade forex if you can't! :)
Chubbly
Mar 22 2014 at 21:08
13 posts
I did demo for 3 weeks before going live. I highly recommend demo for 3-4 weeks and use up your 5 demo accounts and put traders at different values so you can see how they trade and how big the positions are relative to your account. I found that following the top 5 traders at 0.5 was not as profitable as using traders who have low drawdowns . A few of them took huge positions and held on way 2 long (Matthew in particular) . I have been live for 1 week and up 8% which is nice. Be careful on not setting the multiplier to high. I found it can hurt when they have a loss and they are only trading 0.1 lot size and you have set them at 0.7 multiplier because of the way the math works. Read through the help section and be sure you understand how they calculate your position size relative to the trader.

I am now going with traders who are relatively consistent and have relatively low draw downs in the live account. My 2 main traders are Yi_1 and Jasmine. I added a few more at 0.1 and will see how they trade. I have SWFX but he seems to be holding on to losers way 2 long and may drop him.

I haven't seen any slippage but I am not following the trades on MT4, just following on the website here. I do manual trading on Dukascopy

Chubbly
Mar 22 2014 at 21:09
13 posts
Some other points that people may not be using. You do have the option of setting your traders to a fixed lot size if you want. Also, the total % risk of your account per trader as well as the number of position a trader can open at once.
If you have 2 traders who tend to trade the same pairs you can block them from trading a currency or only allow trades to occur when you can directly monitor them.

You can cancel trades that look bad to you, I have done this a few times

JSR111
Mar 31 2014 at 05:18
21 posts
UPDATE ON MY DEMO TRADES OF 1,000$ EACH:
MATTHEW - LAST WEEK REACHED $1,250 AND DID NOT CLOSE TRADES. NOW EQUITY $770
CATATAN - FEW DAYS AGO REACHED $1,180 AND DID NOT CLOSE TRADES. NOW EQUITY $1039

WHAT'S THE STRATEGY OF THESE PROVIDERS?

MarginCall
Apr 01 2014 at 07:40
45 posts
superphysics posted:
That's why you can manually close trades! Close when it's high, but with an option to re-enter. I just learned that myself, the exact same thing happened to me. Ended up losing nearly 30% of my balance, but wisdom comes at a price :|


never interfere with Autotrade. What's the point of Automatic trading if you kept manually interfering ? If you know better than the trader ,then do it yourself.

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