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Copy trading
Copy trading is a very high risk activity. The single most important thing to ensure any success is to ensure that you have direct communication with the provider of the signals because there are very many factors that you need to consider before commencing. Never use a Live account until you have experimented on a Demo account to ensure that the trading results you achieve approximate those on the source account you are copying from. Also be aware of the many things that can go wrong if your broker is different to the broker that the source account is using.
I found the cTrader copy platform more transparent and easy to make copy trades. You just need to be careful to identify traders who always delete their losing accounts and open new ones. Extreme profits also indicate a way of trading that is too risky.
Brenda13 posted:Angelite posted:Yes for sure, have a god historic data and fully transparent and you will make the good choice It's always the same thing
Having good historic data really helps. Do you use specific tools?
Actually we developp our own system so we use our own excel and analyser for our datas
goldenhead posted:I found the cTrader copy platform more transparent and easy to make copy trades. You just need to be careful to identify traders who always delete their losing accounts and open new ones. Extreme profits also indicate a way of trading that is too risky.
the problem with Ctrader is no one use that platform every one is using MT4 or MT5 and so it's not popular and there not too much good copy trading on that platform That why we use MT4 as well, every investors we have are on MT4 and it's easier for them to copy us
Angelite posted:goldenhead posted:I found the cTrader copy platform more transparent and easy to make copy trades. You just need to be careful to identify traders who always delete their losing accounts and open new ones. Extreme profits also indicate a way of trading that is too risky.
the problem with Ctrader is no one use that platform every one is using MT4 or MT5 and so it's not popular and there not too much good copy trading on that platform That why we use MT4 as well, every investors we have are on MT4 and it's easier for them to copy us
CTrader is very popular with professional level coders and strategy developers and is based on C# which commercial institutions use heavily. MT4 is very easy for anyone to learn in a few days compared to C# (years).
MT4 is popular because it is so easy to learn, not because it is more powerful language. It is very difficult to do anything very complicated in MT4 without a lot of complicated coding. Banks and hedge funds more often use C# which is what make cTrader powerful for strategy developers.
MT5 is more powerful but more complicated to learn, causing it to be less popular. Hope this helps
Angelite posted:Brenda13 posted:Angelite posted:Yes for sure, have a god historic data and fully transparent and you will make the good choice It's always the same thing
Having good historic data really helps. Do you use specific tools?
Actually we developp our own system so we use our own excel and analyser for our datas
How you system been working for you so far?
Keli_3 posted:KAnthony posted:
what cope trading do you use? do you have some advices?
Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!
Copytrading is a great mix of automation and control. I have also used zulutrade and I can copy traders without making manual decisions, but at the same time, I can step in, adjust my risk, and even close trades if needed. It’s not a fully hands-off experience, but it makes trading much more manageable.
MichaelDee posted:Keli_3 posted:KAnthony posted:
what cope trading do you use? do you have some advices?
Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!Copytrading is a great mix of automation and control. I have also used zulutrade and I can copy traders without making manual decisions, but at the same time, I can step in, adjust my risk, and even close trades if needed. It’s not a fully hands-off experience, but it makes trading much more manageable.
Manual risk control is for better transactions. Of course, our ultimate goal is unmanned operation.
Fu7Ke posted:MichaelDee posted:Keli_3 posted:KAnthony posted:
what cope trading do you use? do you have some advices?
Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!Copytrading is a great mix of automation and control. I have also used zulutrade and I can copy traders without making manual decisions, but at the same time, I can step in, adjust my risk, and even close trades if needed. It’s not a fully hands-off experience, but it makes trading much more manageable.
Manual risk control is for better transactions. Of course, our ultimate goal is unmanned operation.
Do you think complete automation can match human judgement for all market conditions?
Brenda13 posted:Fu7Ke posted:MichaelDee posted:Keli_3 posted:KAnthony posted:
what cope trading do you use? do you have some advices?
Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!Copytrading is a great mix of automation and control. I have also used zulutrade and I can copy traders without making manual decisions, but at the same time, I can step in, adjust my risk, and even close trades if needed. It’s not a fully hands-off experience, but it makes trading much more manageable.
Manual risk control is for better transactions. Of course, our ultimate goal is unmanned operation.
Do you think complete automation can match human judgement for all market conditions?
Never.
Brenda13 posted:Fu7Ke posted:MichaelDee posted:Keli_3 posted:KAnthony posted: what cope trading do you use? do you have some advices?Personally, I use zulutrade to copy traders, and it's been a good experience for me. You can also test the platform on their demo account to see for yourself. Worth giving a shot!
Copytrading is a great mix of automation and control. I have also used zulutrade and I can copy traders without making manual decisions, but at the same time, I can step in, adjust my risk, and even close trades if needed. It’s not a fully hands-off experience, but it makes trading much more manageable.
Manual risk control is for better transactions. Of course, our ultimate goal is unmanned operation.
Do you think complete automation can match human judgement for all market conditions?
I think each has its own advantages. Human emotions sometimes affect the outcome of a transaction, but EA sometimes cannot judge the transaction demands.
You ABSOLUTELY need humans to manage the Operational Risk of any infrastructure that uses Automation.
Would you want to fly on an Airbus A380 (which is 99.999% Automated) without a human pilot?
Copy trading services similarly, need to make sure the many things that can go wrong are corrected before the subscribers account gets crashed.
You can't program in advance when the brokers servers will next go down and contact another human (Administrator) to resolve the issue, or refund the account holder.
Automation is only a tool, for humans.
Signals365 posted:You ABSOLUTELY need humans to manage the Operational Risk of any infrastructure that uses Automation.
Would you want to fly on an Airbus A380 (which is 99.999% Automated) without a human pilot?
Copy trading services similarly, need to make sure the many things that can go wrong are corrected before the subscribers account gets crashed.
You can't program in advance when the brokers servers will next go down and contact another human (Administrator) to resolve the issue, or refund the account holder.
Automation is only a tool, for humans.
Agreed. A solid risk management system needs both automation and human intervention to keep things in check.
