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Myfxbook Autotrade

Agagon
Aug 29 2017 at 12:33
23 posts
bfis108137 posted:
I have been trading since April with good results although August was not so great


Thanks everyone for your feedback. So far fxtrader holds the world record with 5 months trading with Autotrade 😄. I hope there is more people out there but not posting in this thread.

I would like to ask your opinion of nightprofits and ninjatrader and if you are copying them, I know you have already commented their high correlation and I do not question they might be profitable for the signal providers but with expectancys of 3.0 and 3.1 I really doubt they will be profitable for us, specially when the avg. slippage will be around minus 2 - 3 pips (not sure if this average is calculated by myfxbook and I am not sure how to calculat it). They caused the mayority of my losses and I was waiting for their recovery but I decided to quit them today after noticing an slipagge of 9.7 pips in a nighprofits GBPCHF trade.

sparkplug2150
Sep 03 2017 at 06:55
1 posts
jeffkoo posted:
I can see there's a significant drop on the signal provider subscribers number indicator. Is it only showing Real account subscribers now?


I noticed the same thing today when i logged in, last time I checked Lucky Pound had over 3000 subscribers, now it has 1120. Also I found my demo account expired sometime after Aug. 20. Maybe this has something to do with the lost subscribers?

Agagon
Sep 19 2017 at 14:43
23 posts
About NinjaTrader and NightProfits:

I know it has been commented that they are highly correlated but I wanted to know how many of you are subscribed to these and what was your experience. Here comes mine:

NightProfits: After 1 month subscribed (August) and losing a lot I decided to cancel the subscription, it seems that it is copying NinjaTrader trades (as they are done a little bit later) and I assume it copies also some other trades to make it harder to detect. I think Myfxbook should do something with this.

NinjaTrader: I decided to cancel the subscription at the same time than Nightprofits but being too greedy I subscribed back a week ago. Today I am out again and will never subscribe back and these are the reasons why I think we should run away from these strategies:

- 3.1 expectancy pips is not great but seems to be good enough. Issue is that at the end of the day when you factor the actual slippage you will get a very different picture. I have copied 44 NinjaTrader trades since August and the average slippage turned out to be negative -2.46 pips. If this slippage is the standard one and I have no reason to argue that due to the nature of this system, then the recalculated expectancy will be reduced down to 0.64 pips.... No way this can be profitable for the subscribers.

- Then we have missing trades, those trades that are not copied for any reason. Unfortunately despite how myfxbook does this make absolutely sense it is always reducing our profits. 'If a trade can not be copied the it will keep on trying to copy it if the current price is better than the original price' -> So those trades that are winning trades since the very first moment to the end will never be copied. What would be the final recalculated expectancy?? I can't calculate as I don't have stats for trades not done but probably close to 0 if not negative.

So this is how a wining system for the trader becomes a losing system for the subscriber.

I came to the conclusion that I will never subscribe to any strategy with less than 4 pips expectancy.

I think myfxbook should do its best to add average slippage stats into autotrade so we can make smarter decisions as it is just impossible for us to calculate that until it is too late.

Let me know your thoughts.

milktm (milktm)
Sep 19 2017 at 23:17
24 posts
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519

What you do today determine what you become tomorrow
Aimak (Aimak)
Sep 21 2017 at 06:46
149 posts
milktm posted:
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519


Please review the rules for becoming a signal provider. I believe your account is not compliant.

I looking forward to seeing your strategy listed in AT. Thanks

exquisite entries with calculated exits
milktm (milktm)
Sep 21 2017 at 10:08
24 posts
Aimak posted:
milktm posted:
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519


Please review the rules for becoming a signal provider. I believe your account is not compliant.

I looking forward to seeing your strategy listed in AT. Thanks


Aimak Rokalno, I'm not sure which part does not comply with the signal provider rules. My SGKen account fulfilled all the criterias and I had apply for signal provider and it shows as pending already. Please share with me on what you see so I can go through it. Thanks!

Attachments:


What you do today determine what you become tomorrow
Agagon
Sep 21 2017 at 14:27
23 posts
milktm posted:
Aimak posted:
milktm posted:
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519


Please review the rules for becoming a signal provider. I believe your account is not compliant.

I looking forward to seeing your strategy listed in AT. Thanks


Aimak Rokalno, I'm not sure which part does not comply with the signal provider rules. My SGKen account fulfilled all the criterias and I had apply for signal provider and it shows as pending already. Please share with me on what you see so I can go through it. Thanks!


Usually they take some weeks to answer but at least you do not have the minimum balance. You should have at least 1000 USD during the last 3 months

milktm (milktm)
Sep 21 2017 at 23:15
24 posts
Agagon posted:
milktm posted:
Aimak posted:
milktm posted:
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519


Please review the rules for becoming a signal provider. I believe your account is not compliant.

I looking forward to seeing your strategy listed in AT. Thanks


Aimak Rokalno, I'm not sure which part does not comply with the signal provider rules. My SGKen account fulfilled all the criterias and I had apply for signal provider and it shows as pending already. Please share with me on what you see so I can go through it. Thanks!


Usually they take some weeks to answer but at least you do not have the minimum balance. You should have at least 1000 USD during the last 3 months


So during the 3 months, the account must always have a minimum of USD1000?

What you do today determine what you become tomorrow
Agagon
Sep 24 2017 at 06:33
23 posts
Item 7 below:

What is a proven track record?

    A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.
    Drawdown of no more than 50%.
    Return of at least 10% and higher than drawdown.
    Average pip per trade (expectancy) of at least 3.
    Average trade time over 5 minutes.
    System must not use any martingale/grid techniques.
    An account balance of at least $1000 for the last 3 months of trading.
    At least 100 trades.

javforex (javforex)
Sep 25 2017 at 06:21
25 posts
milktm posted:
Agagon posted:
milktm posted:
Aimak posted:
milktm posted:
I noticed a lot subscribers facing issues with NightProfit and NightTrader and I had been through the same thing therefore I decided to apply for provider position. But it has been one week and there is no reply to my email and my status for application is still pending. My stats should be enough to become a provider. Hope I can get listed so I can help everyone to grow their account together with me. https://www.myfxbook.com/members/milktm/sgken/2207519


Please review the rules for becoming a signal provider. I believe your account is not compliant.

I looking forward to seeing your strategy listed in AT. Thanks


Aimak Rokalno, I'm not sure which part does not comply with the signal provider rules. My SGKen account fulfilled all the criterias and I had apply for signal provider and it shows as pending already. Please share with me on what you see so I can go through it. Thanks!


Usually they take some weeks to answer but at least you do not have the minimum balance. You should have at least 1000 USD during the last 3 months


So during the 3 months, the account must always have a minimum of USD1000?


I suspect the reason could be that not your entire account is public: Eg- cannot view your open trade/hisotry/pending orders. If you look into all the autotrade systems, we are able to tell their historical trades as well as those being opened.

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