I opened a live account in FXAuto a few days ago. Today I got a phonecall from FXDD support that asked me to resign a FXDDautoTransmissionfee form to them. I saw this is a new form and added more agreement in it. Did you who have opened the live account receive this? Why FXDDAUTO website hasn't updated this new form?
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Setting Up with Fx-Auto
- Thread starter fx-auto
- Start date
Hi Sun,
The Autotransmission fee form is listed on the account opening process here, it is necessary to open a LIVE account;
http://www.fxddauto.com/pages/live.html
Yes, manual trades are charged 1 pip commission on this account also.
The Autotransmission fee form is listed on the account opening process here, it is necessary to open a LIVE account;
http://www.fxddauto.com/pages/live.html
Yes, manual trades are charged 1 pip commission on this account also.
Yes, I did send the form which download from http://www.fxddauto.com/pages/live.html to them 5 days ago. But today they ask me to sign a new form which a little different from yours. Did you download and check the form in my attachment?
They add a lot of agreements to claim that FXDD have no responsibility for all the problems caused by your system and they have the right to execute the signals generated by your
systems as delivered to them. Does this mean even your systems' signals still don't give a execute order to close my trades, FXDD can execute it without my permission? Or is that when the signals give a execute order to the trade but this trade won't be executed any way because of FXDD? If this is possible, that will give FXDD a pretext to cheat our money in the dark!
For example, I haven't monitored all the trades for a long time. If in this period one signal come in to execute a trade that was opened by him, but this process doesn't happen because the market is profitable for me at this time and FXDD do not want me to take so much profit, so they execute the signal and let this trade be pending till I see it has been negative. FXDD may say that because I have agreed all the byelaw in the new Autotransmission fee form, so they have no responsibility for this! What should I do if this situation happens?
They add a lot of agreements to claim that FXDD have no responsibility for all the problems caused by your system and they have the right to execute the signals generated by your
systems as delivered to them. Does this mean even your systems' signals still don't give a execute order to close my trades, FXDD can execute it without my permission? Or is that when the signals give a execute order to the trade but this trade won't be executed any way because of FXDD? If this is possible, that will give FXDD a pretext to cheat our money in the dark!
For example, I haven't monitored all the trades for a long time. If in this period one signal come in to execute a trade that was opened by him, but this process doesn't happen because the market is profitable for me at this time and FXDD do not want me to take so much profit, so they execute the signal and let this trade be pending till I see it has been negative. FXDD may say that because I have agreed all the byelaw in the new Autotransmission fee form, so they have no responsibility for this! What should I do if this situation happens?
Hi fx-auto team, which sum of money I must use or deposit to account if I want set in portfolio 40 - 100 top profitable pairs? If you see max DD with top 40 - 100 pairs is about 2000$ but profit is so nice. Last three months about 8000$ with actual signal providers with 0.1 lot. But we must know that we can choose from more and more better in future.
thank you for your reply fx auto.
that explains that.
but you didn't answer my first question
I would like to know how I could trade my own system if that is possible. or if the only possibility is to supply the system to fx auto and then put in the portfolio as any other system.
and if so, how do I go about doing that
thank you.
that explains that.
but you didn't answer my first question
I would like to know how I could trade my own system if that is possible. or if the only possibility is to supply the system to fx auto and then put in the portfolio as any other system.
and if so, how do I go about doing that
thank you.
Hi Jumanji,
Why would you need our platform to trade your own system? The idea is for system developers and signal providers to showcase their systems to public and have them made available to anyone. We can provide you a solution prehaps if you have technical limitation to trade your own system.
I would like to know how I could trade my own system if that is possible. or if the only possibility is to supply the system to fx auto and then put in the portfolio as any other system.
Why would you need our platform to trade your own system? The idea is for system developers and signal providers to showcase their systems to public and have them made available to anyone. We can provide you a solution prehaps if you have technical limitation to trade your own system.
I would like to know how I could trade my own system if that is possible. or if the only possibility is to supply the system to fx auto and then put in the portfolio as any other system.
Hi Sinair,
Something wrong with your calculations. Even by taking the top 20 most profitable systems over last 12 months, equates to exposure of 48 single entries (taking multi position opening into account), or $480,000 on a 0.1 (10k) portfolio setting. If you intended to use 4:1 leverage you would need $120,000. (Withstanding the fact that all trades need to be open at same time).
The profit /loss figures are much higer than you have quoted for last 3 months. Taking only the top 5 system equates to:
Nett Profit: +7450 pips
Drawdown: -2656 pips
The Drawdown is worst possible case if all system hit their worst "peak to valley" drawdown at same time over the 3 month period.
Hi fx-auto team, which sum of money I must use or deposit to account if I want set in portfolio 40 - 100 top profitable pairs? If you see max DD with top 40 - 100 pairs is about 2000$ but profit is so nice. Last three months about 8000$ with actual signal providers with 0.1 lot. But we must know that we can choose from more and more better in future.
Something wrong with your calculations. Even by taking the top 20 most profitable systems over last 12 months, equates to exposure of 48 single entries (taking multi position opening into account), or $480,000 on a 0.1 (10k) portfolio setting. If you intended to use 4:1 leverage you would need $120,000. (Withstanding the fact that all trades need to be open at same time).
The profit /loss figures are much higer than you have quoted for last 3 months. Taking only the top 5 system equates to:
Nett Profit: +7450 pips
Drawdown: -2656 pips
The Drawdown is worst possible case if all system hit their worst "peak to valley" drawdown at same time over the 3 month period.
Hi fx-auto team, which sum of money I must use or deposit to account if I want set in portfolio 40 - 100 top profitable pairs? If you see max DD with top 40 - 100 pairs is about 2000$ but profit is so nice. Last three months about 8000$ with actual signal providers with 0.1 lot. But we must know that we can choose from more and more better in future.