Obviously, no one will sell such a high performing ea with hundred dollar and our system is mainly for our own use to trade our own accounts and our fund management clients.
Our ea is not for everyone to buy, resell and duplicate by other marketers and EA sellers. So obviously who is trading a reasonably high balance will be able to buy and use our EA and it is not for trading in a 100 USD account with a 100 USD robot to get rich quick.
Not knowing how many lots your EA trades each trade, with trade duration below 1 minute I wonder how much are the trades affected by slippage. What is your approach to reduce it when opening trades of 5 or more lots?
Aimak posted: Not knowing how many lots your EA trades each trade, with trade duration below 1 minute I wonder how much are the trades affected by slippage. What is your approach to reduce it when opening trades of 5 or more lots?
Definitely slippage is going to affect in each trade and of course in every system you use and it is not limited to our system only. Slippage doesn't have much to do with trade duration, but spread is a bigger concern than slippage when trade duration is less since you have to cover the spread in short time before a trade enters into profit.
The slippage mainly depends on your broker, VPS location relative to the broker and availability of liquidity when your trades are getting executed.
Regarding lot size, yes larger the lot size more slippage you will get and that's why we don't pile up the profits in one account and rather we withdraw profits and distribute the money in multiple accounts and try to use relatively small lots as possible.
In the case of our system, we get positive slippage in most of the cases because of the way the EA places trades. Of course, the EA has to be used independently in the account to deal with such a scenario to get positive slippage and not suitable for trade copying.
When we will offer the trade copying service, both trade duration and pip expectancy will be increased by EA settings. We will be starting a new live account with new EA settings when we will offer the system in signalstart.
Total we need 50 interested users to subscribe to our system so that we can make it available in signalstart. We need approximately 40 users more.
Users interested to subscribe to this system can make a comment here to show their interest and also, they can refer our myfxbook to others who might be interested to subscribe so that we can quickly achieve the 50 subscriber target.
So far we have around 10 myfxbook users who showed interest to subscribe to our signal. We request all of them to refer our myfxbook link to at least 3 to 4 myfxbook user each who might be interested to subscribe to the system so that we can quickly achieve our total target of 50 users and then, we will make this system available in signalstart.
Also, we would like to update that we are going to start a new mt4 account and most probably in another broker when we will offer this in signalstart. In order to make this system profitable in most of the brokers while copying trades we have to adjust few settings of the EA in order to increase the trade duration as well as to increase the pip expectancy.
So we are planning to start an account either in IC Markets or Forex4you due to specific advantages in trading. Interested users can also give a suggestion which broker we should choose though the final decision will be ours.
Users Update: ------------------- One of the users with name 'GODWIN...' and email '[email protected]' contacted us before 2 days, but all our email replies are getting bounced off and not reaching the recipient email address may be due to some technical reason from our end or from the sender's end.
Since we don't have any other way to contact to the user and hence, we are making this comment to inform him to contact us from a different email in case he has not received a reply from us.
But if you are interested to subscribe to this system, then you can just make a comment here in this thread to show your interest since this is the only place which we monitor and count the users to meet the 50 users target.
boenker posted: when you will start with signals ?
We need at least 50 interested users ready to subscribe to our signal as soon as we make it available in signal start. Long back we started the signal and no one noticed it and we closed it immediately after few days and hence, we don't want to repeat this again.
Hence, we are asking all the myfxbook users who are interested to subscribe to our signal to make a comment in this thread so that we keep a record of it. Once it is 50, we will make it available in signalstart and update in this thread.
Currently, we have around 10 interested users and we need approximately 40 users more to make it available in signalstart.
If you are also interested in subscribing to the signal, then confirm the same in your next comment.
Updates for EA users: ------------------------------- These are few settings update for our EA users.
1.All our EA users can now use the EA in as many pairs as they want since the markets are suitable for our system. 2.The timeframe currently we are using is H1. 3.StopLoss is used as 15 pips and takeprofit is used as 50 Pips. 4.Trailing stop is set as zero so that either the stoploss or the takeprofit will be directly hit.
For all the myfxbook users who have showed interest in our system to subscribe to signalstart we would like to update that we have started trading in a new live account of Forex4you broker with the same system from this week. But we have not added this to myfxbook or signalstart yet.
Very soon we may start trading in another account with IC markets brokers and few more brokers. Then, we will choose which broker account to make available in signalstart. This is important because we need to increase the pip expectancy and trade duration of our system in order to make it profitable for all follower accounts from all brokers in signalstart.
However, till now we have only around 10 to 12 users who have showed interest to subscribe to our signal and we can't make it available for signalstart for 10 users. We need at least 40 more users.
So anyone interested to subscribe to this system can make a comment here to show their interest. Also, we would like to inform all to make a comment here instead of sending email or sending private message to avoid confusion in counting the users.
We keep a track of all interested users from one single place of our system discussion thread in order to avoid any confusion of double counting or missing out.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.