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Anyone noticed any discrepancies (problems) with MFP Autotrading ?

MarginCall
May 03 2014 at 22:45
posts 45
Hello all. I tried Zulutrade before ,and I found it completely unreliable ,or may I say , scam. I have a famous review on it ,back in 2010.

I am familiar with many disconnection problems ,slippage ,Orphan trades (trades that have not been closed on our terminal) , difference in quotes ,profit,loss..etc,

Anyone noticed any of these problems with MFB ?? All I see is followers complaining about traders performance ,but I don't see any complaint about MFB system. Which is a good sign.

I am also contemplating Mlq5 auto trading , but these guys are really lax ,and they don't have any standards towards signal providers. Any bad trader can supply signals. I like the idea of MFB providing strict criterion to allow traders to provide their signals. Which implies that MFB care about protecting their clients funds😇.

PTG (ProTradersGroup)
May 04 2014 at 01:34
posts 386
There are many good traders out there on myfxbook, why you need looking for somewhere else? 😕


MarginCall
May 04 2014 at 11:20
posts 45
Yes man. I see many great traders. I am just asking about MFB system. Also sometimes the Broker will try to vandalise your tradings and make you lose money.

vontogr (togr)
May 05 2014 at 12:37
posts 4862
It is strange that MFB is offering just couple of systems to autotrade.
While there are many better systems on MFB
I wonder if this on purpose to e.g make a lot of trades and thus a lot of commission.
or if it is just stupidity?

PTG (ProTradersGroup)
May 05 2014 at 14:44
posts 386
togr posted:
It is strange that MFB is offering just couple of systems to autotrade.
While there are many better systems on MFB
I wonder if this on purpose to e.g make a lot of trades and thus a lot of commission.
or if it is just stupidity?


I think because of traders just have 0.5 pip/winning trades only 😳

If traders have commission based on performance (20 or 25%) I am sure there are a lot traders joining.

vontogr (togr)
May 05 2014 at 14:46
posts 4862
ProTradersGroup posted:
togr posted:
It is strange that MFB is offering just couple of systems to autotrade.
While there are many better systems on MFB
I wonder if this on purpose to e.g make a lot of trades and thus a lot of commission.
or if it is just stupidity?


I think because of traders just have 0.5 pip/winning trades only 😳

If traders have commission based on performance (20 or 25%) I am sure there are a lot traders joining.


The reward is sufficient but I think MFG guys do reject many systems

PTG (ProTradersGroup)
May 05 2014 at 14:47
posts 386
MarginCall
May 05 2014 at 14:59
posts 45
i think there are maltitude of good traders that are not interested enough in auto trading. Percentage based can be very bad . Because it will motivate traders to adopt dangerous strategies.

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