Myfxbook Autotrade
Oct 26, 2015 at 11:31
Ambush_Trader posted:Kishou posted:
Ambush down 40%... think he has lost the plot!
We actually increased our leverage quite a bit, which did add to our draw down initially, but has now resulted in the very fast recovery. Compared to other systems we were highly unleveraged, and we use our larger draw downs to increase our leverage.
This is our way of showing our own confidence in how we trade, as well as increase our profitability over the long run. We have no plans to increase leverage again for some time as we are currently at the max leverage our trading team deems safe for our account size.
Assuming our current trajectory, you will not see an increase in our leverage again until we are trading at a few thousand % gains, and only after we enter another draw down. We realize drawdowns are a part of trading, and we use them to basically trade our own equity curve.
Its very common practice for us to trade in this manner, and it is why our drawdowns have historically increased in size... but it is also why our trading account has grown so dramatically as well. We are aware many traders do not take this into account when they choose to follow our system (or any system), and wanted to make people aware of our practices, so you dont become one of the many that joins a system at a high in equity curve only to bail again at its low.
But to clarify for some, we do not let junior traders make any decisions regarding our managed accounts.
-Algo team
I am sorry I cannot find your system on those available to autotrade, has it been removed? If so where can I check it? do you have a myfxbook account?
mendeco@
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Oct 26, 2015 at 15:30
maybe the dd is too high to stay on the autotrading board,62% dd is crazy dd and never trust big money with them anymore
Member Since Nov 01, 2011
41 posts
Oct 26, 2015 at 17:52
streek posted:
As first follower I think that pipcraft system soon will be the number 1...itself check for believe
https://www.myfxbook.com/members/pipcraft/pipcraft/1362167
I'ts not important weather they are number 1 but how long they will last. With a massive DD like theirs it's only time before they blow.
Your better off sorting the Autotrade list by drawdown. While my system is ranked #22 it is 2nd on the DD list. No I don't make 10000% a day but I should be around for the next 20 years pumping out decent monthly gains.
Member Since Feb 22, 2011
4862 posts
Oct 29, 2015 at 11:57
BinaryFX posted:
Hi everyone! Can someone please advise on how long it takes to get your system accepted to be part of the autotrader provider list? Thanks!
Its taking couple of days especially when they are not going to approve it
Member Since Oct 23, 2013
38 posts
Nov 05, 2015 at 07:34
mendeco posted:Ambush_Trader posted:Kishou posted:
Ambush down 40%... think he has lost the plot!
We actually increased our leverage quite a bit, which did add to our draw down initially, but has now resulted in the very fast recovery. Compared to other systems we were highly unleveraged, and we use our larger draw downs to increase our leverage.
This is our way of showing our own confidence in how we trade, as well as increase our profitability over the long run. We have no plans to increase leverage again for some time as we are currently at the max leverage our trading team deems safe for our account size.
Assuming our current trajectory, you will not see an increase in our leverage again until we are trading at a few thousand % gains, and only after we enter another draw down. We realize drawdowns are a part of trading, and we use them to basically trade our own equity curve.
Its very common practice for us to trade in this manner, and it is why our drawdowns have historically increased in size... but it is also why our trading account has grown so dramatically as well. We are aware many traders do not take this into account when they choose to follow our system (or any system), and wanted to make people aware of our practices, so you dont become one of the many that joins a system at a high in equity curve only to bail again at its low.
But to clarify for some, we do not let junior traders make any decisions regarding our managed accounts.
-Algo team
I am sorry I cannot find your system on those available to autotrade, has it been removed? If so where can I check it? do you have a myfxbook account?
says we are #13 on the list or you can just direct link to it here https://www.myfxbook.com/members/autotrade/ambush-capital/1036189
Member Since Feb 22, 2011
4862 posts
Nov 05, 2015 at 10:53
Ambush_Trader posted:62% DD. Thats crazy.mendeco posted:Ambush_Trader posted:Kishou posted:
Ambush down 40%... think he has lost the plot!
We actually increased our leverage quite a bit, which did add to our draw down initially, but has now resulted in the very fast recovery. Compared to other systems we were highly unleveraged, and we use our larger draw downs to increase our leverage.
This is our way of showing our own confidence in how we trade, as well as increase our profitability over the long run. We have no plans to increase leverage again for some time as we are currently at the max leverage our trading team deems safe for our account size.
Assuming our current trajectory, you will not see an increase in our leverage again until we are trading at a few thousand % gains, and only after we enter another draw down. We realize drawdowns are a part of trading, and we use them to basically trade our own equity curve.
Its very common practice for us to trade in this manner, and it is why our drawdowns have historically increased in size... but it is also why our trading account has grown so dramatically as well. We are aware many traders do not take this into account when they choose to follow our system (or any system), and wanted to make people aware of our practices, so you dont become one of the many that joins a system at a high in equity curve only to bail again at its low.
But to clarify for some, we do not let junior traders make any decisions regarding our managed accounts.
-Algo team
I am sorry I cannot find your system on those available to autotrade, has it been removed? If so where can I check it? do you have a myfxbook account?
says we are #13 on the list or you can just direct link to it here https://www.myfxbook.com/members/autotrade/ambush-capital/1036189
I can get about same profit with DD just 25%
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Nov 05, 2015 at 15:38
was following them while they were the best system out there ,suddenly a couple of losses occured and BAMM !! everything changed for the worst,,
Member Since Oct 23, 2013
38 posts
Nov 06, 2015 at 09:20
togr posted:Ambush_Trader posted:mendeco posted:Ambush_Trader posted:62% DD. Thats crazy.Kishou posted:
Ambush down 40%... think he has lost the plot!
We actually increased our leverage quite a bit, which did add to our draw down initially, but has now resulted in the very fast recovery. Compared to other systems we were highly unleveraged, and we use our larger draw downs to increase our leverage.
9
I can get about same profit with DD just 25%
DD is all relative, Ambush C is a high profile risk.
You can look at our Evolution MAMs for lower risk
https://www.myfxbook.com/members/EvolutionForex/evolution-mam/1273122/XaGdrDDAvP0FbFBihq0W
Double leverage version https://www.myfxbook.com/members/EvolutionForex/evolution-mam-bonus-leverage-2x/1354314
We have a hedge fund that we trade 1/3 our leverage than the normal evolution mam. Our Trading is sound but it's a matter of what the risk appetite of the investor is and allocate accordingly.
Member Since Feb 22, 2011
4862 posts
Nov 06, 2015 at 09:22
Yes,
DD is relative thats why it is in percent.
Accounts with such high DD as yours are wiped out.
Thats real loss not relative
DD is relative thats why it is in percent.
Accounts with such high DD as yours are wiped out.
Thats real loss not relative
Nov 08, 2015 at 07:40
I am just trying to understand how it works this autotrade system. Once you open an account with the providers that support this system and choose the systems and the multiplier, do you need to setup a vps? If so, do you also need any EA or other software to run?
Can I choose to avoid to trade certain instruments (pairs or indices or metals)?
Why the minimal balance increase when I lower the multiplier of a certain system? Shouldn't it be the opposite?
What should it be the best multiplier according to the capital you are using and the system used?
For example if I plan to use Johnpaul77 + Robin VOL Portfolio + Lucky Pound (just to remain with the best 3 in the rank, I am not saying I will use those, it's just to understand better how it works) on a 3000$ account, what would it be the best multiplier for each of those systems if I plan to follow them altogether and have their same results (meaning the % on monthly basis)?
I hope I have been clear enough.
Can I choose to avoid to trade certain instruments (pairs or indices or metals)?
Why the minimal balance increase when I lower the multiplier of a certain system? Shouldn't it be the opposite?
What should it be the best multiplier according to the capital you are using and the system used?
For example if I plan to use Johnpaul77 + Robin VOL Portfolio + Lucky Pound (just to remain with the best 3 in the rank, I am not saying I will use those, it's just to understand better how it works) on a 3000$ account, what would it be the best multiplier for each of those systems if I plan to follow them altogether and have their same results (meaning the % on monthly basis)?
I hope I have been clear enough.
mendeco@
Member Since Oct 23, 2013
38 posts
Nov 11, 2015 at 08:01
togr posted:
Yes,
DD is relative thats why it is in percent.
Accounts with such high DD as yours are wiped out.
Thats real loss not relative
Im refering to the multiplier. It's relitive to the risk ratio the user sets. 1/2 risk ambush is 30%. DD etc.. We have many followers on myfx but 90% of them use a much lower multiplier from what we see in the admin area. Many followers less than half our risk.
Nov 12, 2015 at 12:25
Please could someone tell me what are the best 3 brokers for spread conditions (eventual commissions and myfxbook markup included) of those available in the autotrade of myfxbook? Or at least could you please tell me what are the ones of the brokers you are using for the autotrade function (meaning the average spread+commissions+markup for the major pairs: EURUSD, GBPUSD, AUDUSD, etc.)?
mendeco@
Nov 14, 2015 at 03:26
mendeco posted:
I am just trying to understand how it works this autotrade system. Once you open an account with the providers that support this system and choose the systems and the multiplier, do you need to setup a vps? If so, do you also need any EA or other software to run?
Here are some answers to your questions.
Once you open an account with a selected broker you do not need any VPS system. Everything runs under myFxbook facilities.
mendeco posted:1. Yes you can avoid tradind certain instruments. It's up to you. When doing this you should take into consideration that certain signal providers may have a good global results but sucking at certain instruments. Do your home work because there are providers that trade almost everything this may not be in your best interests.
Can I choose to avoid to trade certain instruments (pairs or indices or metals)?
Why the minimal balance increase when I lower the multiplier of a certain system? Shouldn't it be the opposite?
2. In the end the multiplier will define the lot size in your account. If you lower it too much you may end up with a lot size too low to be traded (< 0.01). To avoid this, when you lower the multiplier the minimal balance is increased so you don't run into a situation where the trades can not be executed at all. I may be wrong but this is how i understood how it works.
Member Since Sep 08, 2014
27 posts
Jan 22, 2016 at 09:14
What's wrong to this guy!?
https://www.myfxbook.com/members/autotrade/lucky-pound/1045415
It suddenly opened so many trades and closed all of them with losses! Crazy!
https://www.myfxbook.com/members/autotrade/lucky-pound/1045415
It suddenly opened so many trades and closed all of them with losses! Crazy!
Jan 24, 2016 at 07:27
goodman888 posted:
What's wrong to this guy!?
https://www.myfxbook.com/members/autotrade/lucky-pound/1045415
It suddenly opened so many trades and closed all of them with losses! Crazy!
Used to be good when its only doing normal GBPUSD. After it moved onto EURUSD spike trade, things went south. Withdrawing from it's signal.
Jan 24, 2016 at 14:55
goodman888 posted:
What's wrong to this guy!?
https://www.myfxbook.com/members/autotrade/lucky-pound/1045415
It suddenly opened so many trades and closed all of them with losses! Crazy!
When 1900 people will pay you for the operation you do, you do many operations ....
The real question here is, what's wrong with the 1900 people who paid that person !!!
Risk comes from not knowing what you're doing.
Jan 25, 2016 at 10:52
I am not paying for him but actually, watching his account before last month it was incredibly good...then it started to go down and trading bad....I can't see why as maybe it is gaining a few commissions (but if I am not wrong he gains for only positive trades) but he will start losing followers and that will result in a loss of credibility too...so he will pay much more than he can gain in commissions for a few trades closed in gain ;)
mendeco@
