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Myfxbook Autotrade

snowy
Oct 28 2017 at 14:54
78 posts
trade the mql5 signal from the author or better: buy/rent the ea. it's 1000 times better than this autotrade bs.

Agagon
Oct 29 2017 at 07:22
23 posts
chanelle2014 posted:
Anyone trading with Atlas here? Do you copy TP/SL?

I always got missed trades or trades SL on my account but TP on Atlas account. AT seems not working right.

Please advise.


Do something: Calculate its expectancy excluding XAUUSD and compare vs. the 'official' expectancy. Then check if the pips calculated for XAUUSD and so ita the expectancy looks reasonable. You will understand why you are losing money with Atlas....

andresgc67 (andresgc67)
Oct 29 2017 at 07:23
3 posts
Thats because you guys keep insisting to invest with these amateur traders. I have been saying this on here for a while. You may make some money with Autotrade but overall its terrible and you risk too much to get that 1 or 2% monthly. You are much better off looking for a manager which is not on Autotrade. They do exist...

I disagree about lucky pound. I have been using it since the beginning of the year and have made 30% on my live account. Doesbn´t look like amateur at all.

spereira
Oct 29 2017 at 07:42
16 posts
I'm facing the exact same issue. The good trades are missed while the bad ones you certainly get the signal...
perhaps this has to do with the slippage definitions...but if you are too generous on the slippage allowance you end up not gaining anything since the slippage kills you pip expectancy if you are very strict you end up missing the good trades.
As times goes by my skepticism about the system is increasing. It all looks great on paper and in the simulation. the reality though is that many issues affect the possible performance you obtain using AT. I will carry on for more 2-9 months and then I will come to a conclusion about if it is even worth trying.

spereira
Oct 29 2017 at 08:10
16 posts
snowy posted:
trade the mql5 signal from the author or better: buy/rent the ea. it's 1000 times better than this autotrade bs.

It 'only' costs 180 USD per month. So yes if you are trading serious amounts of Money that would be a better option.

wisnie
Oct 29 2017 at 08:22
4 posts
snowy posted:
trade the mql5 signal from the author or better: buy/rent the ea. it's 1000 times better than this autotrade bs.

Did you find, do you know these signals or EA's for for example: Lucy pound, Momentum EA, Scorpion?? How do you find out?

wisnie
Oct 29 2017 at 08:22
4 posts
snowy posted:
trade the mql5 signal from the author or better: buy/rent the ea. it's 1000 times better than this autotrade bs.
I mean: How do you know what MQL5 signal corresponds to what Autotrade signal. Or what EA signals are using?

snowy
Oct 29 2017 at 11:20
78 posts
momentum ea can be bought/rent there as well. lucky pound is a pamm account at alpari, one can invest directly there. scorpion i don't know.

fxgar
Oct 29 2017 at 15:17
14 posts
Using AT, MQL5 or any other signal service always comes with issues. You will never get the same results, sometimes the difference will be huge. There are slippages, glitches in software, latency, missed trades... All this eventually leads to different results.

I am not saying you cant be profitable but the risk:reward is very bad. There are no good accounts on Autotrade so I dont understand why would anyone still want to use it.

fxgar
Oct 29 2017 at 15:18
14 posts
andresgc67 posted:
Thats because you guys keep insisting to invest with these amateur traders. I have been saying this on here for a while. You may make some money with Autotrade but overall its terrible and you risk too much to get that 1 or 2% monthly. You are much better off looking for a manager which is not on Autotrade. They do exist...


I disagree about lucky pound. I have been using it since the beginning of the year and have made 30% on my live account. Doesbn´t look like amateur at all.


It is very amateur compared to some other managers out there. The trader of Lucky Pound had a lot of luck to have a great July, otherwise he would have been at 0 for the year. That is not good at all. Besides his DD regularly goes over 10%. Are you happy with such DD for 3% monthly average? If you are, then you have low standards of what a good trader should be.


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