EA's are only attached to the master account at IBFX> I was quite shocked to see that Thinkforex missed out on about 80+ Trades over the past 3 months compared to Gomarkets despite the server hops that GO has to deal with. I wasn't shocked to see Pepperstone missing out on trades as their servers have been far from stable since relocating in US.
Thank you for the info. Hmm, it is very interesting since the best profit has been achieved onThinkforex :) So it was pure luck as they missed out the loosing trades... Which broker would you offer to trade your signals? (Not US broker please.)
Keep in mind that the Thinkforex account has an increased capital deposit and the lot size increment. This is the main reason for the increased gains.
Both systems experienced the same losses on the same days and the overall pip count are very close so neither system is luckier than the other. Thinkforex's faster server can cause a quicker change in price deviation preventing an attempt to open a trade ( missed trades), while Gomarkets slower server can hold a position for another 2 seconds allowing it to capture a few extra pips in some situations. i007 isn't scalping within seconds, but every second can cause a difference in overall performance.
Since i007 has made over 1600+ trades since beginning of 2012 the overall pip expectancy per trade is about 4 pips. Therefore a missed signal isn't as significant as if each trade were to earn 50+ pips.
For non us brokers. Finfx Pro ( server located in NYC) even their Finland based server still performs rather well. Any ECN would be sufficient.
Yes some of the systems use limit orders however, the limit orders only appear on the master account and are not sent to slave accounts. If you use Finfx Pro, we can discuss the use of limit orders in your account.
ATC is an excellent US based ECN broker. I do suggest a 20k min at either Finfx pro or ATC because of the minimum lot size (0.1), However customers are running on 10k accounts at both of these brokers.
Std Risk Profile: $2000 = 0.01 $20000 = 0.1
I haven't received any feedback from RAS users but I would love to hear how their signal replication is working out. I have 3 users at RAS which use the Autotrade through FXCM to get the signals for free. They've been customers since Mid Jan and are still signed up, so I'd assume their making pips. If you go this direction please share your experience.
For optimal performance, ATC or FinFX is your best choice. Spreads are lower and execution will be much faster by using our service!
Hi Will, I've been watching this one over the months with the intention of signing up at some point. I'm disappointed to see the 3 accounts not being updated during this drawdown period. This account hasn't been updated since May 11 with the other 2 accounts since May 14 - 3 days ago. It hurts your image to hide the current account status during a bad period even more than the drawdown itself as it gives the impression there is something to hide.
soulfire posted: Hi Will, I've been watching this one over the months with the intention of signing up at some point. I'm disappointed to see the 3 accounts not being updated during this drawdown period. This account hasn't been updated since May 11 with the other 2 accounts since May 14 - 3 days ago. It hurts your image to hide the current account status during a bad period even more than the drawdown itself as it gives the impression there is something to hide.
Well said. As a potential customer, I would also like to see the whole picture in real time.
More than 60% of my clients contacted me on May 11th when our accounts were greater than 20% DD> It was a technical error from the recent update that I made to the Equity Protection to incorporate the Highwatermark calculations. ( An idea to allow an immediate stopout at 20%DD from highwatermark even if a stoploss would be hit while going into drawdown.) It was a great idea for this system but unfortunately it failed when the master accounts DD jumped from 19% on a friday to 23% on Sunday open. It was a simple coding error on my part after the updates and I never tested the software on Market gaps but rigorously tested the highwatermark calculation . I completely overlooked this scenario. Since I offer the original software for free, I recommended clients to use it at any DD level of their choice because testing still needed to be done on my part to implement it on the master account. Also the majority of clients understood the directional trading part of this system. Many asked if hedging is ok and of course it is if your broker allows it. I suggested to use iDRAW to hedge the buy positions if EURUSD were to move down further. And many clients did while a few clients didn't contact me until the very end.
It really disappointing to see my system fail and to see all the negative feed back. Its what I get for developing a system while trading it at the same time. I still feel that i007 will perform in the future and I haven't given up on this system. I had to add a huge sum of money to keep my account afloat and trading long on eurusd wasn't what I had in mind. I'm trying to make the best of it and I'll update my website with all the data from May performance over the weekend.
I'm really blown away that the TOP TRADER for the FXCM contest made a 10,000% monthly return. That's the highest monthly return I've ever seen in forex. Congrats!
Forex i007 has a long way to go before a complete recovery and waiting for EURUSD to reach 1.2800 isn't fun. Adding AUDUSD will help if the EUR falls but if the USD gets weak and EUR moves up so will AUDUSD.
The 100+ Pip Gap over the week sent Forex i007 to 5% Closed profits and closed another 10% in Drawdown from last week. I've shut down all New signals , adjusted all the TakeProfits and Stoploss and it's a perfect Hedge between AUDUSD and EURUSD ( same amount of Lots ). I'll keep it like this until I finish some other projects and have time to reanalyze the whole system and decide on the next step.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.