Setting Up with Fx-Auto
- Thread starter fx-auto
- Start date
yes the result are same as the performance page , I lost the more with clayburg-multiphase EURUSD, I abandon this system.
I changed systems several times
i use actually :
forexfighter-KO GBPUSD
forexgear USDJPY
forexgear GBPJPY
quant-minimac EURJPY
Izaklab USDJPY
Guntech-Trading USDCAD
they do not seem the most bad .
it is sometimes wise to close manually some trades
it is not gained
I changed systems several times
i use actually :
forexfighter-KO GBPUSD
forexgear USDJPY
forexgear GBPJPY
quant-minimac EURJPY
Izaklab USDJPY
Guntech-Trading USDCAD
they do not seem the most bad .
it is sometimes wise to close manually some trades
it is not gained
Other systems I do not know very well. But some systems I can give a few my opinions.
I am comfortable with Izaklab's SL, but some trades show losing pips at lower than -100, I don't know why? And Izaklab's monitoring time in FXAuto is a little short, we can not get more information of it's trading behavior.
Quant's SL is too large at 300, this means high risk even it has great sum profit. If you have low deposit, I suggest do not set too much lots for it.
ForexGear has a good history, but this signal provider is very interesting! When he opened a trade, after a few minutes this trade always started losing profits! But I think he may have a hedge system that can hedge this trade and take small profits from it.( This is just my guess, I do not really know how does it works.) We can see a lot of small profitable closed trades in his history. But the first, biggest losing trade, he just let it be pending and wait for the price turning back. So you can see this time, one pair USDJPY shows -336pips, one pair EURJPY shows -385pips, one pair AUDJPY shows -335pips and one pair GBPJPY shows -1020pips! So if your account can handle so many negative pips, maybe you can give it a try.
And I think when you had a great lost with one system, you should not abandon it immediately. The next time there may be a higher chance that this system can make a good profit. After it make 1 or 2 good trades, then you can decide to abandon it or not. So that you will not lose too much money with this system.
Now I am also searching good systems. I want they can cover each other's lost and make a stable profit in a long term, but I still can not select the systems as perfect as I want. The FXAuto system is not so easy as I originally thought!
I am comfortable with Izaklab's SL, but some trades show losing pips at lower than -100, I don't know why? And Izaklab's monitoring time in FXAuto is a little short, we can not get more information of it's trading behavior.
Quant's SL is too large at 300, this means high risk even it has great sum profit. If you have low deposit, I suggest do not set too much lots for it.
ForexGear has a good history, but this signal provider is very interesting! When he opened a trade, after a few minutes this trade always started losing profits! But I think he may have a hedge system that can hedge this trade and take small profits from it.( This is just my guess, I do not really know how does it works.) We can see a lot of small profitable closed trades in his history. But the first, biggest losing trade, he just let it be pending and wait for the price turning back. So you can see this time, one pair USDJPY shows -336pips, one pair EURJPY shows -385pips, one pair AUDJPY shows -335pips and one pair GBPJPY shows -1020pips! So if your account can handle so many negative pips, maybe you can give it a try.
And I think when you had a great lost with one system, you should not abandon it immediately. The next time there may be a higher chance that this system can make a good profit. After it make 1 or 2 good trades, then you can decide to abandon it or not. So that you will not lose too much money with this system.
Now I am also searching good systems. I want they can cover each other's lost and make a stable profit in a long term, but I still can not select the systems as perfect as I want. The FXAuto system is not so easy as I originally thought!
SwingForexSignals and FXEagle have the same problem with ForexGear. If you see the open positions right now in your FXAuto platform, you can find SwingForexSignals GBPJPY:-583 pips, FXEagle USDJPY: -582 pips! That's more than -1100 pips just in two positions! This means your free margin must higher than $1000! A lot of us started at $2500, if you try this 2 providers, there's still a little high risky. You risk -1100 pips just to get about 10 pips profits, this is not so safe as I thought. If the trend not turn back or just turn back a little, you will lose more than all you have earned!
...the demo I started a week ago with $2500 dollars has grown to 380%, but that's too high in a short period of time, of course I tweaked it to get better results, but does this quick growth, reflect how the live platform is represented?
...I am not over leverged, I am using 20% margin...
...I am not over leverged, I am using 20% margin...