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  • MathProf signal

    Hello, Iíve been following the MathProf signal with the SimpleTrader copier for several months now and am concerned about significant slippage. For example, in April I closed 1700 pips, but had a total of 500 pips slippage, or almost 30% profit decrease! My account is with IC Markets. Any comments or suggestions? Thanks. Edward

  • #2
    Change the broker
    Too much complains in the past few months from icm if the trading strategy depends on fast execution for closing the trades
    Check Titan thread also for similar cases
    Also you can try decreasing the slippage settings from 3 to 1 or even 0 and see if this will help without dropping too much traded

    Sent from my Nexus 6 using Tapatalk

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    • #3
      What is the good broker to follow mathprof?

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      • #4
        No specific answer
        You need to do your homework, study the trading style of the signal you want to follow and then check brokers' reviews on reputable websites to find one that do offer good trading conditions for such strategy

        But in general I do recommend global prime and fxpig

        Sent from my Nexus 6 using Tapatalk

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        • #5
          And Accoridng to Nick you can have a look at Mt cook

          Sent from my Nexus 6 using Tapatalk

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          • #6
            Thanks Okda for the advice.

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            • #7
              Hello yshin,

              One additional thing to ask the Broker is if they have a restriction on the number of open positions.

              I did review MathProf for several weeks now and myfxbook shows that the open position count might go to over 200 open positions at times.
              This for example is the maximum allowed with ICM (I spoke to them to get this info.).
              So you should clarify this upfront with your broker of choice.

              Regards,

              ESG
              Originally posted by yshin View Post
              What is the good broker to follow mathprof?

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              • #8
                Originally posted by ESG View Post
                Hello yshin,

                One additional thing to ask the Broker is if they have a restriction on the number of open positions.

                I did review MathProf for several weeks now and myfxbook shows that the open position count might go to over 200 open positions at times.
                This for example is the maximum allowed with ICM (I spoke to them to get this info.).
                So you should clarify this upfront with your broker of choice.

                Regards,

                ESG
                Thanks ESG, I'll check that as well.

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                • #9
                  Having the same slippage issues here with icm. I spoke to mathprof team, and they recommended priorfx as broker. But if you have a look at average 14-day slippage, priorfx seems to be much worse than icm. There is also not one broker with positive slippage. Aura group seems to be the the best choice regarding slippage, but I have never heard of them, and cannot find any trading conditions on their homepage. Really not easy to choose the right broker for this signal. Someone else here with mathprof ?
                  Attached Files
                  Last edited by chris2; 04-30-2016, 03:43 AM.

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                  • #10
                    Hello,

                    I'm not quite sure if it's really only a slippage thing to look at.

                    I have prepared a projection of the closure of the last baskets on 04/29 of the system.
                    History was taken from myfxbook ( http://www.myfxbook.com/members/math...thprof/1142355 ) onto a 20 tick tick chart with bartime and min/max spread visualized at the bottom. This was done on a live account using a ICM real money account.

                    This shows that at the time of closure on 04/29 at 09:36 ICM server time there was a max spread of 3.2 pips and a min spread of 1.8 pips.
                    https://www.mql5.com/en/charts/50616...-basket?bind=1

                    At the time of closure on the master the signal is delivered via ST to the followers (latency, VPS, location, etc. should be considered).
                    As the system typically aims for a fix profit in currency, the more trades that have to be closed, the more the actual spread at the exact close time of each position in the basket will influence the outcome more and more.

                    I would say that if the aimed currency gain by each single basket would be reached within the typical spread of the pair the more likely it will become that the basket might close even in a loss on a followers account.

                    Any hints or comments appreciated.

                    Regards,

                    ESG

                    Originally posted by chris2 View Post
                    Having the same slippage issues here with icm. I spoke to mathprof team, and they recommended priorfx as broker. But if you have a look at average 14-day slippage, priorfx seems to be much worse than icm. There is also not one broker with positive slippage. Aura group seems to be the the best choice regarding slippage, but I have never heard of them, and cannot find any trading conditions on their homepage. Really not easy to choose the right broker for this signal. Someone else here with mathprof ?

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                    • #11
                      Hello all, Got a PM and was asked about this >200 positions situations. Here's my reply: Yes it's true. There were times (the large DD ones visible in myfxbook) when this situation occurred in the past. As a second source they mention a theoretical unlimited number of open positions it on their website ( https://www.developersglobal.com/forex/ ) also. Here is what they say about it: --- snip --- The number of concurrent open trades is in general unlimited but usually does not exceed 200 - 250 concurrent open orders. Although this limit will be not reached very often - if actually sometime - you nevertheless should take this value very seriously. Assuming that just 150 trades are open concurrently and your account is setup with a leverage of 1:400 the calculation is quite telling: 150 (Trades) x0.01 (Lot Size) = 1,5 which means your broker will call a margin of 375 USD (1 Lot = 100.000 USD divided by 400 [your leverage] == is equal to 250 USD multiplied by 1,5 [relevant Lotsize of open trades] results in 375 USD). We memorize 375 USD to be added to the next calculation. Now letís assume these 150 trades have a profit of minus 10 USD each at a certain point of time. This leads to a sum of 1500 USD plus the 375 USD from above we land at used margin of USD 1875 in this very moment. This shows clearly that the importance of an adequate balance shall never be underestimated. Although this doesn`t mean that you permanently are under risk to loose big amounts of money but you most probably will need a correctly calculated budget to overcome trends which may are working against you. --- snap --- Kind regards, ESG

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                      • #12
                        Hmm, looks like the new forum version kills line breaks. So apologize for the less readable format until this issue is solved. Regards, ESG

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                        • #13
                          Originally posted by ESG
                          Hmm, looks like the new forum version kills line breaks. So apologize for the less readable format until this issue is solved. Regards, ESG
                          Can u please tell me where do u provide mathproff mamm ..
                          Thanks

                          Sent from my SM-G900H using Tapatalk

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                          • #14
                            Hi Sherif, As I do not provide any service it' not clear to me what exactly the question is. MathProf does provide it's signal service here: https://www.connectforex.com/signal/...Prof.html.html and here: https://www.developersglobal.com/forex/ Regards, ESG

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                            • #15
                              Originally posted by ESG
                              Hi Sherif, As I do not provide any service it' not clear to me what exactly the question is. MathProf does provide it's signal service here: https://www.connectforex.com/signal/...Prof.html.html and here: https://www.developersglobal.com/forex/ Regards, ESG
                              So .. we cant contact mathproffs trader ??
                              Is it an ea ?? .. i heard they had a mamm .. where can i join if u have any idea or email to contact them i would be thankful.thnx

                              Sent from my SM-G900H using Tapatalk

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