Myfxbook Autotrade

Mar 06, 2013 at 06:51
60,705 Views
936 Replies
Member Since Apr 23, 2017   17 posts
Nov 13, 2017 at 15:47
says a lot that the #2 trader (Pro Trading - according to the autotrade chart), had a 10% loss today.

when i checked the DD on friday (before subscribing) it didn't show the -20% spike that occured on the 1st Nov...

if the DD graph was correct/updated i wouldn't have subscribed... and seen a 10% loss..

yay for autotrade...
Member Since Mar 15, 2017   16 posts
Nov 14, 2017 at 07:40
that rubish was ranked number 2 in the systems. ridiculous
Long term
Member Since Mar 02, 2016   23 posts
Nov 14, 2017 at 07:43
tephra posted:
says a lot that the #2 trader (Pro Trading - according to the autotrade chart), had a 10% loss today.

when i checked the DD on friday (before subscribing) it didn't show the -20% spike that occured on the 1st Nov...

if the DD graph was correct/updated i wouldn't have subscribed... and seen a 10% loss..

yay for autotrade...


I am sorry for your loss, could you please let me know what strategy are you taking about? I could not find any with that name.

Member Since Mar 02, 2016   23 posts
Nov 14, 2017 at 07:43
jeffkoo posted:
Anyone subscribing to Bulldozer signal with real acc? I'm wondering why there're many 0s trading history with the provider. How does it really work? Is it just a wrongly tracked info?


I am since 6 weeks ago, so far so good but 6 weeks are not enough to say anything... What do you mean by trading history? number of trades??
Member Since Mar 02, 2016   23 posts
Nov 14, 2017 at 07:44
tephra posted:
says a lot that the #2 trader (Pro Trading - according to the autotrade chart), had a 10% loss today.

when i checked the DD on friday (before subscribing) it didn't show the -20% spike that occured on the 1st Nov...

if the DD graph was correct/updated i wouldn't have subscribed... and seen a 10% loss..

yay for autotrade...


Found it, my page was not updated. If you are new to Autotrade, you have to know that the worse thing you can do is subscribe to strategies based in their ranking, you have to set your own criteria in order to filter them. For example 5 months old strategy would be too young for most of the people to invest on it.
Member Since Aug 18, 2017   8 posts
Nov 21, 2017 at 07:32
anyone using "turtle EUR"? trading 1 year 6months and good profit.
people say it's martingale and it seems like it. big SL and sometimes big losses..
how long will it last based on possibility of martingale method fail?
it has traded about 350 times so far..
what is the likelihood of it able to trade until it fails?

its hard to explain.. IF possibility of failure of turtle EUR was 1/1000 it means there is 1/650 trades left it can make

im thinking maybe the chance of hitting the failing trade is low still?
Member Since Dec 05, 2016   6 posts
Nov 23, 2017 at 15:48
My system meet requirement of Autotrade but after send Myfxbook to approve more than 1 week no any response from them How long they review and approve system?
forex_trader_156646
Member Since Oct 16, 2013   18 posts
Nov 24, 2017 at 11:19
myfxrunning posted:
My system meet requirement of Autotrade but after send Myfxbook to approve more than 1 week no any response from them How long they review and approve system?


It could take a lot longer than that. 4-6 weeks or maybe longer. I think once you submit your system, they first monitor it for a while before they approve / reject it.
Member Since Dec 05, 2016   6 posts
Nov 24, 2017 at 11:51
Koosqwerty posted:
myfxrunning posted:
My system meet requirement of Autotrade but after send Myfxbook to approve more than 1 week no any response from them How long they review and approve system?


It could take a lot longer than that. 4-6 weeks or maybe longer. I think once you submit your system, they first monitor it for a while before they approve / reject it.


Thank you!
Member Since Mar 20, 2011   39 posts
Nov 25, 2017 at 00:13
jotarobook posted:
anyone using "turtle EUR"? trading 1 year 6months and good profit.
people say it's martingale and it seems like it. big SL and sometimes big losses..
how long will it last based on possibility of martingale method fail?
it has traded about 350 times so far..
what is the likelihood of it able to trade until it fails?

its hard to explain.. IF possibility of failure of turtle EUR was 1/1000 it means there is 1/650 trades left it can make

im thinking maybe the chance of hitting the failing trade is low still?


Monitor the Risk of Ruin of any systems you copy, as the investor it's your job to protect your money. You could also stop following a strategy when it falls below a predetermined %, and either wait for the system to move back to profitability or move your money to another strategy.

Either way as the investor you should not expect to park your money somewhere and blindly follow, being an investor is just as much work as being a trader.
Member Since Mar 02, 2016   23 posts
Nov 26, 2017 at 08:07
OnTheEdge posted:
jotarobook posted:
anyone using "turtle EUR"? trading 1 year 6months and good profit.
people say it's martingale and it seems like it. big SL and sometimes big losses..
how long will it last based on possibility of martingale method fail?
it has traded about 350 times so far..
what is the likelihood of it able to trade until it fails?

its hard to explain.. IF possibility of failure of turtle EUR was 1/1000 it means there is 1/650 trades left it can make

im thinking maybe the chance of hitting the failing trade is low still?


Monitor the Risk of Ruin of any systems you copy, as the investor it's your job to protect your money. You could also stop following a strategy when it falls below a predetermined %, and either wait for the system to move back to profitability or move your money to another strategy.

Either way as the investor you should not expect to park your money somewhere and blindly follow, being an investor is just as much work as being a trader.


How do you read risk of ruin? Don't know how is calculated but for me does not provide much information as many of the values are <0.01 even for a system like turtle
Member Since Dec 06, 2017   7 posts
Dec 08, 2017 at 11:30
Has anyone signed up with real account and can share their results? A lot of these guys average a few pips per trade.... The lag time and slippage can easily turn those little winners into losers for subscribers.
Member Since Dec 06, 2017   5 posts
Dec 08, 2017 at 11:39

The same thing happened to me, I don't know what's going on
Member Since Aug 27, 2017   875 posts
Dec 10, 2017 at 07:53
abendkohlerM posted:
Has anyone signed up with real account and can share their results? A lot of these guys average a few pips per trade.... The lag time and slippage can easily turn those little winners into losers for subscribers.


I am also interested to see the result! It would be great if anyone share any result.
keeping patience.......
Member Since Nov 04, 2013   6 posts
Dec 14, 2017 at 02:01
hi all not sure if this is the right thread .. are you allowed to list your account in signalstart whilst it is being assessed (pending) for autotrade? I cant see how this would be allowed right?
cheers
G
relentless...
Member Since May 17, 2017   17 posts
Dec 18, 2017 at 07:23
Spearion posted:
hi all not sure if this is the right thread .. are you allowed to list your account in signalstart whilst it is being assessed (pending) for autotrade? I cant see how this would be allowed right?
cheers
G


I think its allowed. I see systems listing on both services (turtle eur, lucky pound etc).
Member Since Nov 04, 2013   6 posts
Dec 19, 2017 at 01:40
OK thanks. I wonder what the break down of subscribers is for those that are on both autotrade and signalstart... Would be better for subscribers to go through autotrade rather than signalstart ie avoid sub fees? Just curious..
relentless...
Member Since Nov 04, 2013   6 posts
Dec 20, 2017 at 03:15
Thank you for the insight. I think any time dependent strategies like scalping and arbitrage (predatory) would be difficult to have copied - which is why I have avoided building them. I agree that if you aim to have your system made available for copying then slippage and execution delays need to be accommodated for (amongst other things).




relentless...
Member Since Dec 04, 2017   12 posts
Dec 28, 2017 at 11:59
In autotrade you can compare the slippage between provider and your account. You have to do that with real accounts not with demo accounts. I'm still disappointed trying different brokers. Today I had a -14pips closing slippage with ICMarkets. If like this then you cannot make win copying trades!
Member Since Nov 30, 2016   2 posts
Dec 28, 2017 at 15:24
Anyone using Vantagefx in autotrade? Slippage?
I am coping turtle with 2 pips slippage in GDMFX. I want less slippage.
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