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How do I AutoTrade a system

rav56
Nov 08 2014 at 17:27
posts 5
Hi all, I'm new here.

Can someone please help me follow a system on MT4? The AutoTrader Help page states that I need to click on the AutoTrader menu and then click on Manage, but there's no Manage option.

I hope I'm not going blind here :)
rav56
Nov 08 2014 at 17:28
posts 5
Cholipop
Nov 09 2014 at 00:04
posts 406
rav56 posted:
Anyone? 😭

 Not everyone has the option of being followed by auto trader.
rav56
Nov 09 2014 at 07:35
posts 5
That sucks.

Maybe I should explain what I want to achieve.

There's a system followed by more than 200 people which I woild like to autotrade for me a well.

To this extent I opened a demo account, linked it to MT4 and also verified it to test before I use a real account.

I now am struggling to find any system which has autotrade option, but none has.

Is this maybe because I'm a new user?
jotekfinance
Nov 09 2014 at 12:50
posts 138
What is the system if I may ask? I know Activtrades mt4 has an autotrading option in there with a menu to adjust things.
trader757
Nov 09 2014 at 17:51
posts 51
Rav, I think the main reason you are not getting any help is because you have not explained yourself well enough. Even after your 2nd attempt it is not clear exactly where you are strugling at or what exactly you want to do.

I would suggest you go through this list:

a) State exactly what you want to achive
b) Explain what you have done so far to achieve what you want
c) Explain if you have any errors or can not find any funcion/option in order to achieve what you want

Maybe after this you will get some useful feedback.
rav56
Nov 11 2014 at 21:55
posts 5
jotekfinance posted:
What is the system if I may ask? I know Activtrades mt4 has an autotrading option in there with a menu to adjust things.
No system in particular. I thought I'd have the ability to just click next to the name of a system and it would automatically propagate the trades to my local install of MT4. But so far, none of the systes give me that option
rav56
Nov 11 2014 at 21:55
posts 5
trader757 posted:
Rav, I think the main reason you are not getting any help is because you have not explained yourself well enough. Even after your 2nd attempt it is not clear exactly where you are strugling at or what exactly you want to do.

I would suggest you go through this list:

a) State exactly what you want to achive
b) Explain what you have done so far to achieve what you want
c) Explain if you have any errors or can not find any funcion/option in order to achieve what you want

Maybe after this you will get some useful feedback.
OK.

a) I want to have the ability to automatically replicate trades on my local instance of MT4. I thought the site offers you the ability to do that. No?
b) I've authorised MyFxBook to have the ability to trade on my behalf, or at least i think so.
c) I haven't received any errors, anywhere. So I just think that I'm not following the processes.

Some background: i'm from Cape Town, South Africa and around here load-shedding happens almost daily. For those who don't know that means I'm without electricity for up to four hours a day.

Another issue around here is the internet is really bad. The absolute maximum I can get on my line is 4Mb/s. Do not even get me started on the latency, lol!

So my aim is rent a Windows VPS either in the UK or the US, install MT4 and experiment with some robots/EA's and demo accounts and eventually run the EA/robots on live accounts. This is why I thought whoever system I'm following the trades would automatically reflect on the VPS MT4 instances.

Of course I'll share my manual trades as well - I'm a scalper, far from great, but trying 😄
trader757
Nov 15 2014 at 12:38
posts 51
I think the information this site gives on Autotade is too short and too litle. My understanding and my experience is:
To use MyFxbook Autotrade you have to :

a) open a real account with one of the supported broker's as stated in the FAQ and Help section of Autotrade. This is a normal account with one of the listed brokers. You ca instal your local MT4 copy of the software and you can even trade alongside Autotrade which i think is not a good idea. Subscribe Autotrade with this account which means Autotrade will use another MT4 terminal hosted in their system. I recommend using a demo account first.

b) You can also open a demo account in which case you don't have to deal with any brokers at all. Just give your account a name and MyFxbook will open it for you. Don't have to install anything.

c) In any case you will have to proceed configuring the details of Autotrade, condfiguring, your risk level, what pairs you want to trade, etc, etc. This is done with the Manage button and at the end of the page you have the tools to achieve this.

This is all you have to do.
Again i recommend openening a demo account first, to get yourself familiar with all teh configuration details.
Good luck!
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