Setting Up with Fx-Auto

Discussion in 'Automated Trading' started by fx-auto, Dec 13, 2006.

  1. fx-auto

    fx-auto ET Sponsor

    Platform Background:
    Fx-Auto is a fully automatic 3rd Party Signal Execution Platform that handles signal opening, modifying and closing. Clients can build a portfolio by selecting the best performing currency pairs from over 50 signal service and system developers.

    The Trading Platform allows traders to define, test and analyse signals within a self-directed individual FX trading account. A major benefit to traders is the platform presents the opportunity to diversify risk on their account by trading a “basket” of currency pairs, reducing the risk of being exposed to the frailties of one trading system.

    With the equity curve plotting feature clients can build and test their chosen portfolio before committing real money. In addition to autotrading, clients are able to trade manually in the same account.

    Costs:
    Clients pay 1 pip commission per round trade for autotrading signals, in addition to the broker spread. Current spreads at our clearing broker FXDD are such:
    EURUSD 2 pips, USDJPY 2 pips, GBPUSD 3 pips, USDCHF 3 pips.

    There are no other fees to pay, no signal subscription fees or platform rental.

    This allows the trader the advantage of editing their portfolio as much as they desire, without having to subscribe for signals.

    LIVE account:
    Clearing is done through our broker of choice: http://www.fxdd.com
    LIVE account holders receive trade notification by email when a trade is open or closed. The minimum account balance required to AutoTrade is $2,500.
    The client can view positions via 3 methods:
    1. Autotrade Platform
    2. MT3 Platform
    3. Web based account viewer login (No Download)

    Trade History:
    Can be found on the platform (DEMO or LIVE) and our public web-viewer:
    http://fx-auto.tradency.com login:guest/guest

    All recorded trade history is cross checked with LIVE accounts to simulate actual LIVE account representation.

    DEMO account:
    Can be opened from our website : http://www.fx-auto.com
    They are valid for 30 days and has the functionality of LIVE accounts except they do not show Stop Loss or Take Profit on Open Trades or Pending Limit Orders to avoid Signal Misuse. There is no notification to email when an order is placed unlike LIVE.

    The Trading Platform facilitates FX traders to overcome psychological obstructions to their currency trading, such as lack of discipline, trading boredom and the lack of a tried and tested methodology.

    We would like to invite questions from forum members regarding the Trading Platform.
     
  2. I know that there were some latency issues with your signals (signals take 30-60 seconds) is this fixed now?
     
  3. fx-auto

    fx-auto ET Sponsor

    Hi Futures_Man,
    Fx-auto Execution platform is server based.
    the execution is almost immediately depends on the sending method that the signal provider using ( few seconds).
    However, the client application that used for monitor the system is refreshed every 60 seconds automatically and can be refreshed manually.


    Fx-Auto
     
  4. marketsurfer

    marketsurfer Vendor

    can this software be used with other FX dealers like MBtrading or is it dealer specific?
     
  5. fx-auto

    fx-auto ET Sponsor

    Hi,
    Currently it's with FXDD, which is very good broker with competitive spared and great execution.
    More Brokers will be added in the future.
     
  6. You quote :


    "All recorded trade history is cross checked with LIVE accounts to simulate actual LIVE account representation. "



    Now the question is how close does
    the trade history matches the live
    results ?

    Why you don't display the actual live
    results ?!
     
  7. fx-auto

    fx-auto ET Sponsor

    Hi,
    All trades are executed on Live and Demo accounts.
    when trade is closed the system checking the performance of the trade in the Demo account to the performance of the execution in all the live accounts that traded this trade, in case of discrepancy the demo trade is ignored and the performance of the live trade going to the published performance tables. in this mode what we have the exact performance as the live accounts 1 to 1.
    Please note that our performance page is closed monitored by all our live accounts( and this is a lot of accounts !!) subscribers and our signal providers to verify the performance they have on their accounts against the demo account , so we have another eyes that looking on our performance page all the time.
     
  8. Why you need to track live AND demo
    accounts ? Then you need like you
    say to compare all the times between
    the 2 for discrepancy and what you
    call discrepancy ? 1 pip , 2 pips,3pips ?

    Why not list ONLY live trades on your
    track record page ?
    The you don't need to compare between demo and live.
     
  9. fx-auto

    fx-auto ET Sponsor

    Hi Nick,
    We need to run all trades on demo and live because if signal provider has no clients, they still need to have the history recorded on some account. If a signal provider has 4 pairs and only 3 are traded LIVE, then the performance would be incomplete.

    A discrepancy is likely to happen around NFP etc, when the demo account stop is filled exactly, but the LIVE have been slipped. The system will then take the price the LIVE account holders were executed.
    At all other times there is no issue, sometimes client get 1pip better, sometimes 1pip worse, over long run, it equalises.



    Why you need to track live AND demo
    accounts ? Then you need like you
    say to compare all the times between
    the 2 for discrepancy and what you
    call discrepancy ? 1 pip , 2 pips,3pips ?

    Why not list ONLY live trades on your
    track record page ?
    The you don't need to compare between demo and live.
     
  10. Hi FX-Auto,

    I was looking at your website and noticed your list of signal providers. Is there a selection process based on certain critieria that they have to meet or can any signal provider be used? From your list, is there any providers that you would like to highlight?

    With the "building the portfolio," I'm assuming you can use more that one provider as well as trade one currency pair or all if so desired?

    I also saw something about trade by e-mail, please elaborate?

    I find this system very interesting and would like to use it in the near future. I am new to the forex arena and right now I'm trying to learn as much as possible before I commit real money. Thank you for any information that you can provide.
     
    #10     Dec 14, 2006