Using more than 1 signal on a live account

[hs2013]

I have VIP account and use lot multiplier with all the Team Traders; different risk and approach with each of them depending on their style.
Month of august gave 25%, sept 2.5% and now I am up 35%.
Since joining this community my account has grown over 100%.
Thanks to you Nick and all your staff and traders.


Sent from my iPhone using Tapatalk

[Daniel]

To differentiate the risk is one of first rules to learn in trading, it is not a new of today

Using lot multiplier would be the best solution if you provide a clear statement that followers will be adviced of withdrawal/deposit to be able to change theri lot multiplier accordingly otherwise ghost balance per signal or splitting the 20k limit in many account are needed to wisely follow your signals

I don't believe that you will do much 'risk differentiating' by using many signals.

Anyway, as I wrote in my previous post. Nick and DayFox knows that that there are many accounts following with Lot Multiplier and so everyone will be notified if there will be any withdrawal/deposit made.

As for splitting 20k into several accounts, we already had such requests but it's impossible I am afraid. Single VIP account has to be $20k minimum.

You have many other options, like following signals with normal paid subscription or investing into one of our MAMs (currently TradeAlerter and FX Viper).

[BMM]

BMM,

No one is forcing you to use multiple signals on one VIP account and I personally don't recommend doing that ( that is my personal approach: one signal per one account). If you don't have enough money to open more then 1 VIP signal then simply don't use multiple signals. You should choose one signal that you are most conformable with and just trade with that.

But if you really insist on going with more then one signal then yes, you could go with Lot Multiplier setting. Viper won't be withdrawing money from master account and he is using Lot Multiplier himself on several accounts. As for DayFox, money clients (and myself) are following him on Lot Multiplier and Nick already said that if DayFox will choose to withdrawal/deposit money from/to his account then we will be notified about that before.

To differentiate the risk is one of first rules to learn in trading, it is not a news of today

Using lot multiplier would be the best solution if you provide a clear statement that followers will be adviced of withdrawal/deposit to be able to change their lot multiplier accordingly otherwise ghost balance per signal or splitting the 20k limit in many account are needed to wisely follow your signals

Please consider that letting to reach the 20k VIP limit with a group of accounts would let us to trade one signal per account with risk per balance eliminating the need to code ghost balance per signal (complicate) or implement a nightmare advice system of withdrawal/deposit.

This will solve all the known issues with one shot, please consider it

[Daniel]

Hello, my first post here

I have the same doubt here due to VIP club membership "forcing" to use multisignals on one account

Using "Risk multiplier using account Balance" would be the best setting to copy trades with right size but the balance is the mix of the results of many singnals and big (?) mistakes could occur when a master trader wants to hedge his position. Considering how much Dayfox uses hedging makes this a scary problem

The proposal of Dupapa to use "Lot multiplier" seems good but it is not because we don't know when a master trader makes a deposit or a withdrawal on his master account therefore BIG changes of risk could happen without advice. This is the dark side of lot multiplier, don't understimate because it happens

At the end of the day "Risk multiplier using account Balance" is still the best choice, not perfect, but with less bad sides according to me, very IMHO

I would like to have an opinion by Will who could give us a good tip on this critical setting

last but not least: please let VIP members to reach the magic limit of 20K with a group of account instead of a big one, at least till this issue will be definitly solved implementing the wise proposal of cyberryder to use a phantom balance for each signal

Thank you very much

BMM,

No one is forcing you to use multiple signals on one VIP account and I personally don't recommend doing that ( that is my personal approach: one signal per one account). If you don't have enough money to open more then 1 VIP signal then simply don't use multiple signals. You should choose one signal that you are most conformable with and just trade with that.

But if you really insist on going with more then one signal then yes, you could go with Lot Multiplier setting. Viper won't be withdrawing money from master account and he is using Lot Multiplier himself on several accounts. As for DayFox, money clients (and myself) are following him on Lot Multiplier and Nick already said that if DayFox will choose to withdrawal/deposit money from/to his account then we will be notified about that before.

[chooch]

This needs to be addressed ASAP

[BMM]

Hello, my first post here

I have the same doubt here due to VIP club membership "forcing" to use multisignals on one account

Using "Risk multiplier using account Balance" would be the best setting to copy trades with right size but the balance is the mix of the results of many singnals and big (?) mistakes could occur when a master trader wants to hedge his position. Considering how much Dayfox uses hedging makes this a scary problem

The proposal of Dupapa to use "Lot multiplier" seems good but it is not because we don't know when a master trader makes a deposit or a withdrawal on his master account therefore BIG changes of risk could happen without advice. This is the dark side of lot multiplier, don't understimate because it happens

At the end of the day "Risk multiplier using account Balance" is still the best choice, not perfect, but with less bad sides according to me, very IMHO

I would like to have an opinion by Will who could give us a good tip on this critical setting

last but not least: please let VIP members to reach the magic limit of 20K with a group of account instead of a big one, at least till this issue will be definitly solved implementing the wise proposal of cyberryder to use a phantom balance for each signal

Thank you very much

up

please an answer on this

any plan to introduce ghost balance per signal to have accurate sizing in case of multiple signals running on a single VIP account using "Risk multiplier using account Balance"

thank you very much in advance

[BMM]

the most important thing is that you can't use "Risk multiplier using account Balance" nor "...using account equity" in a portfolio.

the third option avaliable to us all an i guess its the least used likely(i just swapped dayfox and viper to it) is Lot multiplier.

...

Now if you want lot "accurancy" over a whole basket then for sure use this setting - its is single handly the most accurate setting avaliable to us. the only downside i see if for accounts like mine, i look to compound "daily", the top two options follow this somewhat, the second being the best, my understanding is that i would have to adjust lot size daily in order to compound daily ( please someone correct an explain how i can set it up and it compound)

Hello, my first post here

I have the same doubt here due to VIP club membership "forcing" to use multisignals on one account

Using "Risk multiplier using account Balance" would be the best setting to copy trades with right size but the balance is the mix of the results of many singnals and big (?) mistakes could occur when a master trader wants to hedge his position. Considering how much Dayfox uses hedging makes this a scary problem

The proposal of Dupapa to use "Lot multiplier" seems good but it is not because we don't know when a master trader makes a deposit or a withdrawal on his master account therefore BIG changes of risk could happen without advice. This is the dark side of lot multiplier, don't understimate because it happens

At the end of the day "Risk multiplier using account Balance" is still the best choice, not perfect, but with less bad sides according to me, very IMHO

I would like to have an opinion by Will who could give us a good tip on this critical setting

last but not least: please let VIP members to reach the magic limit of 20K with a group of account instead of a big one, at least till this issue will be definitly solved implementing the wise proposal of cyberryder to use a phantom balance for each signal

Thank you very much

[Isochronous]

I have one account simultaneously running:

Viper x3
TradeAlerter x1
SmartTrader x1

[dupapa]

it should not affect the lot size "unless" your "other" traders have increase/decreased your balance during the current set of trades from said provider, for example for me, viper today opens a .12, it stay open from 3 weeks, in that time my balance grows, viper then adds to the posistion, instead of another .12 i get a .14 as this month it turns out m traders have done well an my balance grew... so in this shown case, that if a basket was openend their could be a difference in size in either direction, this all depends on your performance during a basket.

what ive personally learnt is, equity is alot riskier,



balance using equity with multiple providers is a "no go" (for me) for example, just go get your self in DD and watch how quickly your baskets become unbalanced

(i use the following on 2 of 4 accounts)
balance using balance, deals with most of the above negative side affects but also has its own issues, this method can also over expose/ cause incorrect lot sizing on a basket of trades i have to say, although it is evident lot sizing difference using this approach still happens, yet in IMO is a better route than using equity, this is based on my own experiences.

the third option avaliable to us all an i guess its the least used likely(i just swapped dayfox and viper to it) is Lot multiplier.

Now if you want lot "accurancy" over a whole basket then for sure use this setting - its is single handly the most accurate setting avaliable to us. the only downside i see if for accounts like mine, i look to compound "daily", the top two options follow this somewhat, the second being the best, my understanding is that i would have to adjust lot size daily in order to compound daily ( please someone correct an explain how i can set it up and it compound)

[kmf]

I have been using "Risk multiplier using account Balance" just so this situation didn't happen. I figured using this option would not affect the other signal lot sizes.

Have I been wrong all along??

Could Nick, or Will or Daniel give us their take on this?

[cyberryder]

Why is that??

virtual balance stored in forexsignals database for each signal on the same account.

[kmf]

Why is that??

the most important thing is that you can't use "Risk multiplier using account Balance" nor "...using account equity" in a portfolio.

[cyberryder]

the most important thing is that you can't use "Risk multiplier using account Balance" nor "...using account equity" in a portfolio.

[VictorTous]

[The Hobbit]

Thank you all for feedback so far. I will be changing over soon to VIP membership ( If I can get flat, or close to it ) so I will have access to more providers without extra cost. I'll have to weigh up all the options as suggested and try to get a good combination. It doesnt really matter to me if I only use 2 or even 1 provider or if I use 4 providers, its about getting it right to provide best income with least exposure. Please continue with suggestions for a sound portfolio. @ WillT..Maybe its something that FS should look at, recommendations for a package rather than just promoting each individual trader