Myfxbook Autotrade

Myra11

Tham gia từ Jul 22, 2017 3bài viết

Mar 04, 2018 at 05:58

Tham gia từ Jul 22, 2017 3bài viết

OnTheEdge posted:
Myra11 posted:
How are auto trade providers paid on myfxbook? Paypal? Skrill? BTC?
Anyone know?

It's all in the FAQ section.

Actually, NO, my question is not in the autotrade FAQ. I'm very familiar with that page and the information provided. That is why I posted my question here. But disregard, as I've asked support the question and they obliged with an answer.
"Payment is made by Paypal (2% fee) or Wire Transfer ($40) - minimal balance to withdraw is $100 - you can decide when you want to withdraw the money (withdrawal may take up to 7 business days)."

If all that info is there on the FAQ page, then I must be blind.

“Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves the way to solution.” ― David J. Schwartz

OnTheEdge

Tham gia từ Mar 20, 2011 39bài viết

Mar 05, 2018 at 08:55

Tham gia từ Mar 20, 2011 39bài viết

@Lucas

Your right, it was answered sometime back in this thread, my apologies. As they have discontinued US based traders support for Autotrade rest assured I wont be back. Again my apologies.

PhilTrader

Tham gia từ Jan 23, 2017 17bài viết

Mar 09, 2018 at 09:19

Tham gia từ Jan 23, 2017 17bài viết

I use Pepperstone as my Autotrade Account - then copy the trades to JFD and IC Markets - copying is done on my PC instantly.

Now I found that JFD and IC Market close the trades at exactly the same time - but the spread is huge nearly 100pips

Can anyone give me an explanation for this ?
That way copying trades makes no sense at all !

Pepperstone - the 2,20 is comission

JFD

IC Markets

Đính kèm:

technobilder@

PhilTrader

Tham gia từ Jan 23, 2017 17bài viết

Mar 09, 2018 at 09:19

Tham gia từ Jan 23, 2017 17bài viết

Correct JFD file for 2nd example

Đính kèm:

technobilder@

OutsideTheBoxHK

Tham gia từ Aug 05, 2016 119bài viết

Mar 11, 2018 at 07:25

Tham gia từ Aug 05, 2016 119bài viết

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.

PAM Fund (Mount Cook Financial). Please vouch for my system. “Learn from your mistakes and do not give up!”

pstar

Tham gia từ Jul 06, 2017 1bài viết

Mar 23, 2018 at 12:48

Tham gia từ Jul 06, 2017 1bài viết

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

Tham gia từ Mar 28, 2016 94bài viết

Jul 30, 2018 at 06:04

Tham gia từ Mar 28, 2016 94bài viết

Hello
ok

geektrader

Tham gia từ Apr 08, 2011 148bài viết

Aug 13, 2018 at 00:57

Tham gia từ Apr 08, 2011 148bài viết

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

Tham gia từ Jan 23, 2017 17bài viết

Aug 13, 2018 at 06:36

Tham gia từ Jan 23, 2017 17bài viết

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.

technobilder@

PhilTrader

Tham gia từ Jan 23, 2017 17bài viết

Aug 13, 2018 at 06:37

Tham gia từ Jan 23, 2017 17bài viết

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 !

technobilder@

tabele

Tham gia từ Dec 04, 2017 12bài viết

Aug 14, 2018 at 06:47

Tham gia từ Dec 04, 2017 12bài viết

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

Tham gia từ Sep 25, 2015 3bài viết

Aug 29, 2018 at 14:16

Tham gia từ Sep 25, 2015 3bài viết

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

Tham gia từ Sep 25, 2015 3bài viết

Aug 29, 2018 at 14:16

Tham gia từ Sep 25, 2015 3bài viết

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?

maiquang

Tham gia từ Nov 03, 2017 2bài viết

Sep 25, 2018 at 08:57

Tham gia từ Nov 03, 2017 2bài viết

Can anybody tell me the best broker to link to autotrade is any broker? to have the lowest spread..Thanks

FXMouthPiece

Tham gia từ Sep 12, 2018 8bài viết

Sep 25, 2018 at 13:53

Tham gia từ Sep 12, 2018 8bài viết

I usually try to match my broker with the one that the signal provider uses. Should be less slippage that way

AmDiab

Tham gia từ Apr 18, 2017 659bài viết

Sep 26, 2018 at 10:45

Tham gia từ Apr 18, 2017 659bài viết

maiquang posted:
Can anybody tell me the best broker to link to autotrade is any broker? to have the lowest spread..Thanks

Mate, please don’t select your trading broker based on others opinion; it’s very much vital issue! Better, go to broker section of this form & spends enough times in there.

EURUSD	1.17067	GBPUSD	1.37351	AUDUSD	0.65438
USDJPY	144.39	USDCAD	1.36505	USDCHF	0.79813

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