Myfxbook Autotrade
Member Since Feb 13, 2017
10 posts
Mar 01, 2017 at 13:20
PhilTrader posted:
Maybe someone can explain me how the settings reallywork as I dont get it.
You can try them out in the Simulator - I use ATLASTicklmill als Provider.
Giving his Account is 16.000$ and my Account is only 2000$ - I would say that from the accountsize I should set the multiplier to just 0.16 to have the 8:1 value.
But if I do this - the simulator shows that my 'Minimal Balance' should better be at 16.000$ - while my Hypothetical Drawdown is at 5.5%.
As far as I understand 'Minimal Balance' should reflect my own Account Size - so I try to meet this - now I have to set the multiplier to 2.5 to meet a Minimal Balance of 2000$ - BUT on the other side the Hypothetical Drawdown raises to 44%.
So if anyone could explain me what this multiplier is doing ....
Hi Phil, ignore the calculator. It makes no sense. What I did was to set the ratio to 1:1 and then using the options in the settings, limit the number of open trades and fixed the trade size. I suppose with a $2,000 deposit, you can set each trade to 0.02 lot and limit it to 5 trades.
Member Since Feb 13, 2017
10 posts
Mar 01, 2017 at 13:22
Fatman posted:
Hi, guys!
I want to be an autotrade provider!
It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?
https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214
Thanks for answers!
Returns must be 10% higher than drawdown.
Mar 02, 2017 at 07:09
leeweechong posted:Fatman posted:
Hi, guys!
I want to be an autotrade provider!
It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?
https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214
Thanks for answers!
Returns must be 10% higher than drawdown.
No martingale/grid techniques allowed.
forex_trader_379006
Member Since Nov 24, 2016
14 posts
Mar 02, 2017 at 07:09
Fatman posted:
Hi, guys!
I want to be an autotrade provider!
It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?
https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214
Thanks for answers!
Very good. It's a fascinating proposal! Notify us when you are added. I think it's great.
forex_trader_278972
Member Since Oct 07, 2015
4 posts
Mar 02, 2017 at 07:46
leeweechong posted:Fatman posted:
Hi, guys!
I want to be an autotrade provider!
It seems to be fulfilled all the requirements, but for some reason my system did not add. What am I doing wrong?
https://www.myfxbook.com/members/Fatman/lucky-luciano/1768214
Thanks for answers!
Returns must be 10% higher than drawdown.
Last 3 monthes i have DD not more than 3%
Member Since Feb 13, 2017
10 posts
Mar 02, 2017 at 08:20
Fatman posted:
Last 3 monthes i have DD not more than 3%
I don't think they look at just the last 3 months. You need to have at least 3 months of trade history but your current DD is 44% versus a 32% abs gain. Great performance btw.
forex_trader_278972
Member Since Oct 07, 2015
4 posts
Mar 03, 2017 at 08:14
leeweechong posted:
I don't think they look at just the last 3 months. You need to have at least 3 months of trade history but your current DD is 44% versus a 32% abs gain. Great performance btw.
I understood you! Thank you for the clarification! I figured out what I need to strive for performance! I need a little time! :)
Mar 17, 2017 at 08:08
Hi, I Am having trouble loading live data in autotrade. Everytime I try to manage my account the page gets stuck to loading live data. This problem started only in the previous 2 days. Anyone experiencing the same problem? Any advice to fix this? I just have 3 demo accounts in which I am keen to go live. Thank you.
Mar 31, 2017 at 10:18
hello guys, this account (demo) is open from June 2015. I use 2 trader, lucky pound and Atlas. my only question is this, is it really possible to have these results in a real account? more or less how much money you hold your trader by a gain like that? thank you
Attachments:
Apr 04, 2017 at 22:38
(edited Apr 04, 2017 at 22:39)
lemanumanu posted:
So, do someone with a real Autotrade copy account is experiencing such amazing positive slippage numbers? Or is it Disney slippage what MyFxBook calls asymmetric slippage?
Thanks!
Checkout Snowy's account I think it says all that needs to be said https://www.myfxbook.com/members/snowy/myfxautotrade-live/1902265
38 euro in commission to make 13? The fact is most of the providers Expectancy is just to small to overcome any type of slippage +/-, those with higher Expectancy use Gold to up there Expectancy!
I have been studying this for a while seems most of the systems are setup to just make the provider profit, if their gold trades aren't a substantial portion of the Gain AND your broker has a lower spread than theirs, not sure how one would profit.
I have a demo with both +/- slippage and has 267% gain in 7 months but at 4.9 pips Expectancy not much room for slippage. Take a look @Snowys account do a Custom Analysis remove XAUUSD for the Analysis and you'll see the Expectancy drops to 0.8... 😲
Not sure if there is a way to overcome this without providers who aim for higher profit targets.
Good Luck!
Member Since Jan 28, 2016
3 posts
Apr 10, 2017 at 06:51
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?
Apr 10, 2017 at 10:36
ForexPlayer posted:
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?
From the High figures:
- abs Gain,
- pip in Expectancy (excluding metals)
- pips in Average Win (excluding metals) being aprox or higher than Average Loss
From the low figures:
- DD
Personally I dont like to see frequent deposits but I do like to see frequent withdrawals. The equity curve should not be visible from the growth chart, i mean, no equity excursions. I dont like to see more than 3 trades opened at once (same pair and time)
exquisite entries with calculated exits
Apr 11, 2017 at 06:51
ForexPlayer posted:
Hey Guys I am asking what are the statistics your looking for? What numbers are important to impress you to follow?
In addition to Aimak's list I also look at;
Risk of Ruin; any number above 0.01% is where you can expect Draw Down to occur or fall(if a provider has 0.25% at 30% than you are likely to see a DD at that level) if this number is > 1.0% at 50% than I move on.
SL if the provider doesn't use a SL on every trade I move on. Even though this is required by myfxbook to be a provider there are a few who have many open trades with no SL.
If I find a provider I want to follow I'll monitor their system and try to start following them after a draw down.
