Thanks Rob, I don't really risk that much. I had made bad selection 1-2 times but now i am all about less but quality trades. I have a big list of clients copying my trades. Too bad Myfxbook autotrade rejected my application last week, accusing me of running 'grid' I explained i am ONLY trading manually, i gave them screenshots of my trades/chart analysis but still they didn't care. I am thinking they are afraid if i become autotrade, i will be on top 5 and all clients will be following me with 74% winning trades. They'd have to pay loads n loads of commission to me could run into millions, so they rather accept signal provider who are mediocre and generates less trades, so more commission goes to their pockets. Rob, Tgor, and everyone you have had bad traders on autotrade and they were removed when community complained reached staff ie ambushtrader is an example. Instead of censoring me, denying me opportunity while i met all their criteria for autotrade :
How can I become an AutoTrade provider?
If you're an experienced forex trader with a proven track record, you can offer your system to the Myfxbook enormous user base (over 90,000 and counting!) and earn as much as 0.5 pips per a winning trade - there is no upper limit!
What is a proven track record?
- A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.
- Drawdown of no more than 50%.
- Return of at least 10% and higher than drawdown.
- Average pip per trade (expectancy) of at least 3.
- Average trade time over 5 minutes.
- System must not use any martingale/grid techniques.
- An account balance of at least $1000 for the last 3 months of trading.
- At least 100 trades.
I told them, i'd alter my trading & open only 3-4 trades if too many trades is a concern. So, they said ok re-apply in 3 month!!! which is unfair.
One month ago, i got laid off from my dayjob, i thought i'd make a career out of my trading skills by providing signals here, but i feel being wrong. I am just concerned, how i'll be able to support my family being sole bread winner. Market is a risky place, i've been grateful for this talent and doing all i can to survive.
I tried to applying for jobs at hedge funds but didnot get any respond back. I guess they don't take retail FX traders serious.
Anyways, that's my story. behind this profitable trader you see, there is hard work and challenging times.
to be the best at trading