Myfxbook Autotrade
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22 ieraksti
May 07, 2014 at 07:15
How is inconsitancies in lot sizes handled?
If fixed lots = 0.01 is used, it seems to open 1.0 lots XAUUSD
1.0 lots XAUUSD is actually 1000 Units on some brokers, not 1 Unit.
(1 unit XAUUSD is 0.01 lots for some brokers and 1.0 for others)
If fixed lots = 0.01 is used, it seems to open 1.0 lots XAUUSD
1.0 lots XAUUSD is actually 1000 Units on some brokers, not 1 Unit.
(1 unit XAUUSD is 0.01 lots for some brokers and 1.0 for others)
Biedrs kopš
47 ieraksti
May 07, 2014 at 12:56
ma2000 posted:
How is inconsitancies in lot sizes handled?
If fixed lots = 0.01 is used, it seems to open 1.0 lots XAUUSD
1.0 lots XAUUSD is actually 1000 Units on some brokers, not 1 Unit.
(1 unit XAUUSD is 0.01 lots for some brokers and 1.0 for others)
I'm not sure I understand your question, but I think maybe you're looking at the demo account and seeing XAUUSD being traded in one lot increments. I have a demo account and a live account, each with approximately the same amount of money. The last XAUUSD trade on the demo account traded 1.00 lots, and the live account (Pepperstone) traded 0.01 lots. I think the demo account just trades XAUUSD in 1.0 lot increments, but that doesn't mean your live account will do the same thing.
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10 ieraksti
May 07, 2014 at 13:32
Curious to hear, are there autotrade signal providers who are maing a decent amount of commission each month?
The example calculation in the FAQ seems nice, but are there providers who are making these amounts? Even 10% of the $26.000 would be pretty good, but when all the followers accounts don't exceed $1500 it is hard to match the example calculation?
The example calculation in the FAQ seems nice, but are there providers who are making these amounts? Even 10% of the $26.000 would be pretty good, but when all the followers accounts don't exceed $1500 it is hard to match the example calculation?
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13 ieraksti
May 07, 2014 at 13:45
this calculation is very unrealistic. First nobody has ~250 subscribers. The highest number of followers is around 170 atm. Second 100 trades a month is a lot (The guy with the 170 followers e.g only did 20 trades in april). I would be surprised if any of the providers would be making more than $1.000 a month let alone $26.000 ;)
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4 ieraksti
May 07, 2014 at 19:29
I've heard that Myfxbook AutoTrade is not available for US citizens. Is this true? As a US citizen, which of the AutoTrade brokers are accepting US clients? Thanks for your response.
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386 ieraksti
May 08, 2014 at 02:41
realassets1 posted:
I've heard that Myfxbook AutoTrade is not available for US citizens. Is this true? As a US citizen, which of the AutoTrade brokers are accepting US clients? Thanks for your response.
There are a lot here on Myfxbook :)
forex_trader_180739
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24 ieraksti
May 08, 2014 at 06:10
realassets1 posted:
I've heard that Myfxbook AutoTrade is not available for US citizens. Is this true? As a US citizen, which of the AutoTrade brokers are accepting US clients? Thanks for your response.
not ture. We have used it from US. your leverage may be affected though.
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22 ieraksti
May 08, 2014 at 08:21
If fixed lots = 0.01 is used, it seems to open 1.0 lots XAUUSD
1.0 lots XAUUSD is actually 1000 Units on some brokers, not 1 Unit.
(1 unit XAUUSD is 0.01 lots for some brokers and 1.0 for others)
I'm not sure I understand your question, but I think maybe you're looking at the demo account and seeing XAUUSD being traded in one lot increments. I have a demo account and a live account, each with approximately the same amount of money. The last XAUUSD trade on the demo account traded 1.00 lots, and the live account (Pepperstone) traded 0.01 lots. I think the demo account just trades XAUUSD in 1.0 lot increments, but that doesn't mean your live account will do the same thing.
@beren
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22 ieraksti
May 08, 2014 at 09:43
ma2000 posted:
How is inconsitancies in lot sizes handled?
If fixed lots = 0.01 is used, it seems to open 1.0 lots XAUUSD
1.0 lots XAUUSD is actually 1000 Units on some brokers, not 1 Unit.
(1 unit XAUUSD is 0.01 lots for some brokers and 1.0 for others)
I'm not sure I understand your question, but I think maybe you're looking at the demo account and seeing XAUUSD being traded in one lot increments. I have a demo account and a live account, each with approximately the same amount of money. The last XAUUSD trade on the demo account traded 1.00 lots, and the live account (Pepperstone) traded 0.01 lots. I think the demo account just trades XAUUSD in 1.0 lot increments, but that doesn't mean your live account will do the same thing.
@beren Thx for your response. It seems weird that the demo account would trade 1.0 Lots when clearly 0.01 lots is specified.
If this happens on a live account it would multiply the risk by x1000. Can someone on Myfxbook clarify this issue. Thx
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4 ieraksti
May 08, 2014 at 12:16
Thanks for all the answers to my questions guys. Unfortunately, a US citizen indeed CANNOT use AutoTrade to trade forex. Here is the answer from Myfxbook support 😞
'Due to regulatory restrictions in your country, unfortunately we cannot accept you as a client for AutoTrade (we plan to support US clients in the future).'
'Due to regulatory restrictions in your country, unfortunately we cannot accept you as a client for AutoTrade (we plan to support US clients in the future).'
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386 ieraksti
May 08, 2014 at 13:01
(labots May 08, 2014 at 13:02)
realassets1 posted:
Thanks for all the answers to my questions guys. Unfortunately, a US citizen indeed CANNOT use AutoTrade to trade forex. Here is the answer from Myfxbook support 😞
'Due to regulatory restrictions in your country, unfortunately we cannot accept you as a client for AutoTrade (we plan to support US clients in the future).'
So just looking for whom accept you as a US citizen client 😎
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23 ieraksti
Jun 04, 2014 at 10:33
(labots Jun 04, 2014 at 10:34)
realassets1 posted:
I've heard that Myfxbook AutoTrade is not available for US citizens. Is this true? As a US citizen, which of the AutoTrade brokers are accepting US clients? Thanks for your response.
myfxbook do not allow US citizens. but fxtat.com supports US.
regards
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2 ieraksti
Jun 19, 2014 at 02:21
(labots Jun 19, 2014 at 02:22)
Today was looking at the Auto traders. I looked at all the Brokers, picked one and signed up 'IC Markets' but now I can't find it in the list. Only Armada....................... what have I missed?
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22 ieraksti
Nov 17, 2014 at 08:04
@Staff
Please include the OPTION to 'NOT-copy' TP & SL in Autotrade.
Many times trades hit stops of client, while the provider still has the trade OPEN. This option will protect from inconsitancies, and broker spikes/temporary spread increases (like pre & post weekend spreads).
Thanks.
Please include the OPTION to 'NOT-copy' TP & SL in Autotrade.
Many times trades hit stops of client, while the provider still has the trade OPEN. This option will protect from inconsitancies, and broker spikes/temporary spread increases (like pre & post weekend spreads).
Thanks.
forex_trader_29148
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1916 ieraksti
Nov 17, 2014 at 16:53
(labots Nov 17, 2014 at 16:54)
sarmad_t posted:you are right ,i switched to ic from armada (unstable erea cause of russia) ,woul ADM answer that comment please?realassets1 posted:
I've heard that Myfxbook AutoTrade is not available for US citizens. Is this true? As a US citizen, which of the AutoTrade brokers are accepting US clients? Thanks for your response.
myfxbook do not allow US citizens. but fxtat.com supports US.
regards
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51 ieraksti
Nov 18, 2014 at 17:30
Is it possible to reset your account balance of an autotrade demo account to a certain amount and start all over again?
I've looked and found no way to achieve this. Probably it is not possible but it would be a nice feature to have.
Anyone?
I've looked and found no way to achieve this. Probably it is not possible but it would be a nice feature to have.
Anyone?
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14 ieraksti
Nov 26, 2014 at 08:13
beren posted:Staff posted:
Fixed.
Hi Ethan. I've been keeping quiet about all the problems I've been having as I assumed you guys are well aware of them. Now that you've said this one issue at least is fixed, I figured I should mention that nothing seems 'fixed' to me.
First, when I go to https://www.myfxbook.com/autotrade, I just get 'Please wait while we're loading live data...'. It's been like this since last week every time I've tried. Similarly, my AutoTrade demo page has said 'The AutoTrade system is currently undergoing maintenance. Please try again in a few moments.' all that time, and then has gone to the same 'Please wait while we're loading live data...' message after that.
Finally, viewing my AutoTrade demo page through the Portfolio dropdown (https://www.myfxbook.com/members/beren/fxgrowthbot/529773) shows me that my account was last updated Jun 01 at 03:35. I assume speeding this back up wasn't part of what you guys just fixed, but I thought I'd mention it anyway, just in case.
Thanks for all your hard work on everything,
- Andrew.
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1557 ieraksti
Jan 15, 2015 at 12:25
Very scary results today for anyone who's been following FxConstGrowth, this strategy claims that no strategy is opened with more than 0.01 lots except 2 strategies are allowed to open 0.02 lots (out of the 43 strategies this provider trades in his model portfolio). Today 1 trade was closed in my Demo autotrade account for 0.03 lots for negative 1708.2 pips (losing $581 on a $3,000 account). Another trade was closed for negative 1614 pips (at 0.02 lots) (I am following this stategy at 1 times multiplier, so don't understand why in my account the lot sizes are larger??? I have never seen a Money Manager or EA allow trades to go into such huge drawdowns. Also according to the history tab on the provider shown here:
https://www.myfxbook.com/members/autotrade/fxconstgrwth/783184 (both the trades had stop loss of 300 pips, so how did both end up going way past that Stop Loss?? A third also closed at negative 376 pips.
Question does this mean the mirroring from autotrade to followers accounts is faulty? Or is the broker being using by the provider faulty in not honoring those SLs and therefore this puts at risk anyone follow the signal. I am certainly rethinking following any of these signals with real money, so glad I didn't start following anyone when I funded my account a couple of days ago.
https://www.myfxbook.com/members/autotrade/fxconstgrwth/783184 (both the trades had stop loss of 300 pips, so how did both end up going way past that Stop Loss?? A third also closed at negative 376 pips.
Question does this mean the mirroring from autotrade to followers accounts is faulty? Or is the broker being using by the provider faulty in not honoring those SLs and therefore this puts at risk anyone follow the signal. I am certainly rethinking following any of these signals with real money, so glad I didn't start following anyone when I funded my account a couple of days ago.
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1718 ieraksti
Jan 15, 2015 at 12:51
(labots Jan 15, 2015 at 12:54)
Unfortunately... In such exceptionnal movement on Forex... any fx retail brokers can't do anyting on CHF trades.
Have a look to any CHF pair
By the way this strategy is really good as equity curve is always above growth.
No one can predict such move... due to SNB here for example.
Have a look to any CHF pair
By the way this strategy is really good as equity curve is always above growth.
No one can predict such move... due to SNB here for example.
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1557 ieraksti
Jan 15, 2015 at 13:05
yes I just checked out the USD CHF Chart not a pair I normally trade manually and wow what a drop, now I understand that SL weren't honored the moven't was so fast, on my IC markets live account chart I see the price spiked to 0.06571 from 0.82919 in the space of 1 single 1 minute candle (if I had been trading my IC markets Myfxbook account live I suspect I would have blown the account i.e. $2,500 (so glad I hadn't started to follow anyone). 14 minutes prior it was trading at 1.02117. It still doesn't answer the questions as two why the lot was larger than the account I am following if following at 1:1. Do you have to adjust for the leverage on your account, mine is demo which I believe is 1:500 and the account follow is 1:200 therefore do I have to manually adjust the multiplier for each strategy I am following based on the differences on the leverage between my account and the account following? Anyone know?
Yes I thought this strategy was good as usually equity above balance which is very unusual to sustain over a long period of time. Others ones I am demoing and looking to go live are Ambush, Portfolio (although hasn't traded since Dec 17th). I am continuing to monitor Vantage and Lucky Pound which both look riskier so want to monitor for longer period. Anyone got suggestions what ones they are following with good results, and strategies they are following they are comfortable with. Crazytrader are you folllowing any?
Yes I thought this strategy was good as usually equity above balance which is very unusual to sustain over a long period of time. Others ones I am demoing and looking to go live are Ambush, Portfolio (although hasn't traded since Dec 17th). I am continuing to monitor Vantage and Lucky Pound which both look riskier so want to monitor for longer period. Anyone got suggestions what ones they are following with good results, and strategies they are following they are comfortable with. Crazytrader are you folllowing any?
