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Anyone noticed any discrepancies (problems) with MFP Autotrading ?
May 03, 2014 at 22:45
578 Views
7 Replies
Member Since Jan 20, 2010
39 posts
May 03, 2014 at 22:45
(edited May 03, 2014 at 22:47)
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😇.
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😇.
Member Since Jan 14, 2014
166 posts
May 04, 2014 at 01:34
There are many good traders out there on myfxbook, why you need looking for somewhere else? 😕
Member Since Jan 20, 2010
39 posts
May 04, 2014 at 11:20
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.
Member Since Feb 22, 2011
4573 posts
May 05, 2014 at 12:37
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?
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?
Member Since Jan 14, 2014
166 posts
May 05, 2014 at 14:44
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.
Member Since Feb 22, 2011
4573 posts
May 05, 2014 at 14:46
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
Member Since Jan 14, 2014
166 posts
May 05, 2014 at 14:47
I don't think so 😄
Member Since Jan 20, 2010
39 posts
May 05, 2014 at 14:59
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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