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How to squeeze a few more pips out of the copier.

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  • How to squeeze a few more pips out of the copier.

    Hey Guys,

    Just a quick heads up that the positive slippage setting is now working on the SimpleTrader copier.

    You can now enter a negative number as the slippage so you won't be entered into a trade until you are in a better position than the master.

    An example would be.

    Master account enters a sell at 1.32000
    Your slippage is set to -3
    You are only entered into the trade if price reaches 1.32030 (3 pips).

    This obviously only works if price moves against the initial entry 3 pips, but when it does work you'll get a much better result.

    I've got an Axitrader account following FX Amplified I'm testing it with. I'll post the link here once Myfxbook has their auto update working again.
    Would you like free lifetime access to our forex trading room?

    Open an account at Blueberry Markets and save the $97/monthly fee.

    Click here to find out more.

  • #2
    Hi Nick,

    How is this working. It seems like most of the trades that my signal provider go negative immediately.

    Comment


    • #3
      Originally posted by dkoster77 View Post
      Hi Nick,

      How is this working. It seems like most of the trades that my signal provider go negative immediately.
      Hi Dkoster,

      All you need to do is enter a negative number in the slippage setting.

      The copier will then wait until your signal provider goes into drawdown (by whatever you set as the negative slippage)

      You might miss the occasional trade, however those that you catch will be much more profitable.
      Would you like free lifetime access to our forex trading room?

      Open an account at Blueberry Markets and save the $97/monthly fee.

      Click here to find out more.

      Comment


      • #4
        What about the myfxbook for axi account following fxamp please?

        Sent from my GT-N7000 using Tapatalk 4

        Comment


        • #5
          The format of the negative number is
          -x
          ?
          I am thinking of trying it with TA
          Thinking about -3 ad a test

          Sent from my GT-N7000 using Tapatalk 4

          Comment


          • #6
            Originally posted by Okda View Post
            The format of the negative number is
            -x
            ?
            I am thinking of trying it with TA
            Thinking about -3 ad a test

            Sent from my GT-N7000 using Tapatalk 4
            Yes, that's correct.
            Would you like free lifetime access to our forex trading room?

            Open an account at Blueberry Markets and save the $97/monthly fee.

            Click here to find out more.

            Comment


            • #7
              Originally posted by Nick View Post
              Hi Dkoster,

              All you need to do is enter a negative number in the slippage setting.

              The copier will then wait until your signal provider goes into drawdown (by whatever you set as the negative slippage)

              You might miss the occasional trade, however those that you catch will be much more profitable.
              Thank you for the reply.

              Comment


              • #8
                Originally posted by Okda View Post
                What about the myfxbook for axi account following fxamp please?

                Sent from my GT-N7000 using Tapatalk 4
                I hooked it up just for you Okda

                FX Amplified -3 Slippage System | Myfxbook

                I started trading with negative slippage from end of July/August.
                Would you like free lifetime access to our forex trading room?

                Open an account at Blueberry Markets and save the $97/monthly fee.

                Click here to find out more.

                Comment


                • #9
                  Thanks Nick
                  Me and for sure many others appreciate the level of support you are offering

                  Sent from my GT-N7000 using Tapatalk 4

                  Comment


                  • #10
                    after comparing your results to mine ( slippage set to +3) i see that you missed the other two trades on 2/9 and the trade on 3/9
                    i think i will set mine to -1 as a test , seems -3 is too much

                    Comment


                    • #11
                      This is good for scalping if you are finding your broker giving to much slippage however in most cases it isn't required. Bare in mind the copier executes extremely quickly and its only if the price feed varies greatly between brokers that you'd need to look to do this.

                      In most cases this isn't required.

                      Just thought I'd put this up so people didn't think that this is a requirement

                      Comment

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