Forex strategy trader fxcm
Hey, I opened a Mirror Trader demo account with AVA FX. So far the results are pretty good. I only opened it 3 days ago, so I have to see how it works in the long run. I selected the 3 strategies that were on top of the list and I'm "joining" live signals when the graph looks good.
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I'm sure I got a lot to learn, but for now I just want to see how it works Is anyone using Mirror Trader? Any useful tips that can help me with it?
I would really love to hear from someone who has real trading expereince with Mirror Trader. How do you pay for your signals or rather how are strategy providers compensated? I couldn't find this information on the website. I signed up to be a strategy provider on the Mirror Trader platform. At the moment I'm still on my test period but as they told me, I am getting a commission for each live trade I made and was executed on a live client portfolio.
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Hi BestTrader, You can take a look at Tradency's website, they have an article there about the ranking system The article is called "What is the T-score? I just opened a live account with the Mirror Trader with FXCM after using demos for 2 months. I have my live account operating for 2 weeks now and same as on my demo, it shows nice performance.
I am using the Tscore ranking to select the strategies since I don't know much about selecting systems. I chose 2 strategies and it works fine for now. Hi Ariel, I also opened my live account yesterday. For now I only use automatic mode, but I plan to start using the live signals too. I use the custome filter. For now I got 3 stratergies when I used the filtering option. I added them all to my portfolio. I plan to check my account on a daily basis and see if I need to change anything.
I think it s an awesome platform, and the trades aren t going too bad. I just pick the top rated and am quite happy. Strange to have this business going on without you and takes a bit getting used to but I am finding it educational and it definitely takes a lot of the emotional issues away for me. FXCM does not charge extra for the service. Runs like a normally trading acc, deposit and withdrawal on the same customer profile.
There is a reason why this thread has died, it's because all the traders here that used mirror trading or copy trading lost all their money.
You can't over-leverage and profit all the time. Mirror trading will blow your account up eventually when the person you are following wakes us on the wrong side in the morning and starts to randomly trade. If you value your money stay away from mirror trading.
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Hi, I did take it out as it happens but I don't understand the problem here. I was using 1 and 2k trades, this wasn't too dangerous yet I still made good profit in a week.
Are you really suggesting that this strategy couldn't work on 10k trades? Seems to me the only issue is keeping a level head and setting strict stops. It's called a mirror platform but actually I was using popular suggested strategies. I just started testing it. Don't make the mistake I did.
I loaded 2 strategys with the same pair. Now I have a short position and a long position opened 10 pips apart on the same pair Are you still with them?. What's your experience so far with mirror trader?. How do you pick strategies? I have still doubts about mirror trader and similar solutions.
The specification of strategy is usually not available therefore it is difficult for me to trust it.
And finally you can find a lot of bad reviews on it just by googling. Last 90 days T-Score: What is your experience? Mirror Trader - did anyone try it? Expert Advisors and Automated Trading.
I would really love to hear from someone who has real trading expereince with Mirror Trader Thank you. Hey, I signed up to be a strategy provider on the Mirror Trader platform.
I like their ranking system. Hi, are you still using mirror trader?.