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Myfxbook Autotrade

PhilTrader (PhilTrader)
Mar 09 2018 at 09:19
13 ieraksti
Correct JFD file for 2nd example




Pielikumi


OutsideTheBoxHK
Mar 11 2018 at 07:25
129 ieraksti
PhilTrader posted:
Correct JFD file for 2nd example






Only thing that I can think of is Spreads and illiquid markets at time of closing.
There can be slippage from master to slave, depending on where servers are located at different accts.
Also the spreads may differ from broker to broker, but my guess is slippage not spread.

Listed at Darwinex or Trade Copying (MQL5, SignalStart). Please vouch for my system. “Learn from your mistakes and do not give up!”
pstar
Mar 23 2018 at 12:48
1 ieraksti
hello, can someone please clarify what exactly is the account_currency_ratio in the formula that myfxbook uses to calculate follower lots size? Here is the full formula (source: https://www.myfxbook.com/autotrade/help#help_9)

account_currency_ratio = follower_account_currency to provider_account_currency ratio

Is this just another way of saying exchange rate? Ie. if the follower account is JPY and the system's account is NZD, this would be JPYNZD=1/NZDJPY at that time of trade execution?

Thanks for your help

paidsignals
Jul 30 2018 at 06:04
93 ieraksti
geektrader
Aug 13 2018 at 00:57
151 ieraksti
Is anyone making money by copying the signals? They seem to charge a spread mark-up for every broker that supports Autotrade. Here is the answer from IC Markets for example:


'Thank you very much for contacting IC Markets.

Kindly be advised this is due to you being under myfxbook autotrade.

Please note that myfxbook autotrade charges a spread mark up for use of their service which is 0.6 pip.

Therefore the minimum spread charge is 1.6 pips.

This due to you being connected to them otherwise if you were not and you had a True ECN account spread will be at no mark up and be at 0.6.

Please let us know if you require further information and we will be more than happy to assist.'


With that heavily increased spread, I don´t see how one could for example copy the signals of all the night scalping systems that go for small pip profits on exotic pairs.

PhilTrader (PhilTrader)
Aug 13 2018 at 06:36
13 ieraksti
I use IC Market myself (plus Pepperstone and JFD) and all I can say is that if you copy Autotrade signals your earnings are way higher than any additional pips that the broker adds.

If a copied signal earns me 100 EUR I dont care if I could have made 102 EUR without that extra spread - that 2 EUR I happily pay because it saves me the hassle of trading myself !

BUT - if you do autotrade with just a 1000 EUR depot then sure your additional pips are 'higher' as if your depot would be at 10.000 EUR - thats why I always tell people to at least use a live depot with 15K money in it.

PhilTrader (PhilTrader)
Aug 13 2018 at 06:37
13 ieraksti
And sure - if you want to go for those scalping signals you should be on the safe side - if your copied signal is always under 0.1 lot - FORGET IT !

tabele
Aug 14 2018 at 06:47
11 ieraksti
PhilTrader posted:
I use IC Market myself (plus Pepperstone and JFD) and all I can say is that if you copy Autotrade signals your earnings are way higher than any additional pips that the broker adds.

If a copied signal earns me 100 EUR I dont care if I could have made 102 EUR without that extra spread - that 2 EUR I happily pay because it saves me the hassle of trading myself !

BUT - if you do autotrade with just a 1000 EUR depot then sure your additional pips are 'higher' as if your depot would be at 10.000 EUR - thats why I always tell people to at least use a live depot with 15K money in it.


Just consider what you wrote, just simple math, bigger depot means bigger lot size, results in higher amount for extra spread

laserblues2
Aug 29 2018 at 14:16
2 ieraksti
I'm interested to know who people use to do their autotrades. I'm finding that regardless of the gains from the trader I'm losing money due to fees / slippage.... thanks, Nick

laserblues2
Aug 29 2018 at 14:16
2 ieraksti
geektrader posted:
Is anyone making money by copying the signals? They seem to charge a spread mark-up for every broker that supports Autotrade. Here is the answer from IC Markets for example:


'Thank you very much for contacting IC Markets.

Kindly be advised this is due to you being under myfxbook autotrade.

Please note that myfxbook autotrade charges a spread mark up for use of their service which is 0.6 pip.

Therefore the minimum spread charge is 1.6 pips.

This due to you being connected to them otherwise if you were not and you had a True ECN account spread will be at no mark up and be at 0.6.

Please let us know if you require further information and we will be more than happy to assist.'


With that heavily increased spread, I don´t see how one could for example copy the signals of all the night scalping systems that go for small pip profits on exotic pairs.
I'd be interested in having a chat if you can provide better services / terms?

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