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Myfxbook Autotrade

milktm (milktm)
Aug 05 2017 at 01:57
24 posts
I had tried before using icmarket and pepperstone to do copytrade on ninjatrader together. Over a 1 week period of live testing account with both account, the differences I faced is:

1) ICMarket did not miss out any trades on copying but pepperstone do.
2) ICMarket made slightly lesser pips and lose lesser on losing trade as compared to pepperstone do. Not sure why is it this way.

So after hestitating, I decided to follow with ICMarket on copying ninjatrader because that system always open trades during rollover which is ideal to do copy with ICMarket. Maybe pepperstone is better for other autotrade providers due to the lower spread.

What you do today determine what you become tomorrow
jeffkoo (jeffkoo)
Aug 06 2017 at 04:09
17 posts
milktm posted:
I had tried before using icmarket and pepperstone to do copytrade on ninjatrader together. Over a 1 week period of live testing account with both account, the differences I faced is:

1) ICMarket did not miss out any trades on copying but pepperstone do.
2) ICMarket made slightly lesser pips and lose lesser on losing trade as compared to pepperstone do. Not sure why is it this way.

So after hestitating, I decided to follow with ICMarket on copying ninjatrader because that system always open trades during rollover which is ideal to do copy with ICMarket. Maybe pepperstone is better for other autotrade providers due to the lower spread.


Thanks for the comment! Anyhoo, I've decided to switch back to Pepperstone Razor. As tighter spread tends to be my priority in the long term. There're always gives & takes for these brokers. Depending on what aspect you weight heavier.

Doomsmoker
Aug 06 2017 at 07:24
1 posts
Hello, I've tried to review all the available autotrade systems, result in pics, what do you guys think/have smth to add?

Attachments:


bfis108137 (bfis108137)
Aug 06 2017 at 07:27
15 posts
There is one aspect with ninjatrainer and icmarkets and pepperstone. ICM closes at 23:57 on Friday while Pepperstone closes at 23:55. So two minutes earlier on the weekend. This could be the difference.

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pmks2
Aug 06 2017 at 07:27
7 posts
jeffkoo posted:
milktm posted:
I had tried before using icmarket and pepperstone to do copytrade on ninjatrader together. Over a 1 week period of live testing account with both account, the differences I faced is:

1) ICMarket did not miss out any trades on copying but pepperstone do.
2) ICMarket made slightly lesser pips and lose lesser on losing trade as compared to pepperstone do. Not sure why is it this way.

So after hestitating, I decided to follow with ICMarket on copying ninjatrader because that system always open trades during rollover which is ideal to do copy with ICMarket. Maybe pepperstone is better for other autotrade providers due to the lower spread.


Thanks for the comment! Anyhoo, I've decided to switch back to Pepperstone Razor. As tighter spread tends to be my priority in the long term. There're always gives & takes for these brokers. Depending on what aspect you weight heavier.


Thank you for sharing your expereince.

spereira
Aug 06 2017 at 11:10
16 posts
Hi I mostly agree with the analysis done by Doomsmoker, but I think there is one point missing which I think is crucial; Pip expectancy of the system. This is because systems with low pip expectancy (say below 3), are not profitable in AT. If you subtract the markup of AT plus some slippage you get a 0 pip expectancy for these systems, which basically tell us that there is no money to be made on the long term.
This criteria further excludes system such as Steady profit, FXBSR and Vine.

The other point I have been noticing is strong correlations between the scalpers (Ninja, Night profitICMarkets and GBP combo), so I would be cautious on following all at once since when a loss comes this can be very large due to this correlation. Moreover all this sytem trade the GBP quite heavily, with GBP combo being 100% dependent on one currency.

Regarding brokers we should share as much data as possible to be able to conclude anything. I have data for IC markets, Axitrader and Intertrader, but there are many more brokers available for AT. Does anyone have data for other brokers different from these?

Yonex
Aug 09 2017 at 08:09
88 posts
Has anyone noticed high correlation between some trades of 'NinjaTrainer' and 'NightProfit'?

In the attached picture there are 6 trades during the past 3 weeks that are almost identical. There are also many trades that are completely different, but for these 6 trades my guess is that they are both using the same EA, and because of different price feeds between the traders (IC Markets vs. Alpari) the same EA opens/closes trades at slightly different times.

This is not so good for us who copy their signals because instead of getting risk diversification, we just get more risk.

Can someone possibly provide more information?

Attachments:


Whoever said money can't buy happiness didn't know where to shop.
paidsignal
Aug 09 2017 at 11:32
78 posts
good to see

Chanwongyik
Aug 09 2017 at 11:52
2 posts
Yonex posted:
Has anyone noticed high correlation between some trades of 'NinjaTrainer' and 'NightProfit'?

In the attached picture there are 6 trades during the past 3 weeks that are almost identical. There are also many trades that are completely different, but for these 6 trades my guess is that they are both using the same EA, and because of different price feeds between the traders (IC Markets vs. Alpari) the same EA opens/closes trades at slightly different times.

This is not so good for us who copy their signals because instead of getting risk diversification, we just get more risk.

Can someone possibly provide more information?


That's an interesting observation Yonex! Good spot! are they all just recent similarities? what about in the past?

Ninja Trainer has been the best performing system until very recently, experiencing more than 6 big losses in the last 2 weeks. Has anyone else found this suspicious? Has this happened before? Looking at the balance chart it looked like it had never experienced such a big drawdown in balance in the past. Does it suggest the system is no longer working?

Koosqwerty (Koosqwerty)
Aug 09 2017 at 11:54
18 posts
Thanks @Yonex - I have noticed the exact same thing with NinjaTrainer and GBP Combo (4G).

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