That is entirely up to you. Most people think that they can make millions from a $500 account. This is not true. Remember your minimum monthly cost is going to be $120 including your VPS. your initial deposit needs to allow you to make enough profit to cover the cost of the subscription and your VPS and have plenty of profit left over. $5000 to $10,000 is much more cost effective. Again this is your choice.
The neural network has a live data feed of all important Forex news. This data are synchronized with the EA meaning the EA knows and can determine what to do and if to trade or not.
The EA is running since June 28th on a $5k live account with a drawdown of 0.9%. Before going live a 2 month demo test got a drawdown of 2%. How the heck is such a small percentage of drawdown possible? Very simple! The EA uses the neural network to make decisions. For example the EA will wait for pullbacks before entering trades. The EA can identify such conditions and will adapt automatically to prevent heavy drawdown.
We all know cases where brokers are trying to hit your SL by widening the spread like a big gate in order to get your money. This kind of manipulation is illegal BUT Forex is a “over the counter” business and hard to control by authorities. That is why the artificial intelligence of the neural network will hide the SL to prevent such manipulation and even trying to confuse your broker by using flexible SL and TP targets. Meaning SL and TP will move permanently.
Since your Surfers Of Fortune Trade Copier license is locked to your MT4 account ID then it will work only on the MT4 account you have submitted during license registration. If you want to move your license to a different MT4 account ID please let us know. We will do this for you. Your previous account ID will be removed then.
The neural network will take care of the money management. Why is that? Because the EA is not a static and mechanical expert advisor like 99% out there. The EA is focusing very heavy on 2 important factors. How to keep the drawdown low and how to archive a monthly gain between 5-15% very safely. Humans are greedy, this is the reason why the artificial intelligence will do the money management for you. However, you can modify the risk per trade via the Trade Copier software yourself. You can set your risk level to copy that of the provider account or you can increase or decrease your risk level as you wish.
You need a broker that allows hedging. The provider account has the EA running on a Hotforex Premium account. I highly suggest you use the same broker as I do, meaning you will get the same conditions. (spread and entry price) If your asking about leverage, we run the EA with 1:400. To open an account with Hotforex you can follow the link here.
Yes you should. It makes so much sense to have the Trade Copier running on a VPS. You get a high performance infrastructure with stable internet connection. I recommend interserver.net You need to choose 2 slices and a Windows OS. It will cost you $20/month. To get your VPS from Intersever click here.
Yes you can, but keep the downtime as short as possible when rebooting your MT4 during “market open hours”.During the weekend when the market is closed you can restart your MT4 anytime.
Yes you can, but I wouldn't recommend it. When starting to close trades manually your results will become different from the provider account. Just let the EA and the Trade Copier take care of the trading, its designed to be %100 automated.
If you want to prevent the Trade Copier from opening new trades, then you need to turn off the MT4 autotrade function. You can all disable the Trade Copier from its control panel. If there are still open trades on your account, these will continue until they hit SL or TP. But since you have turned off the autotrade function or disabled the Trade Copier, no new orders will be executed.
An expert advisor, commonly referred to as an EA, is a tool that automatically places trades for you. The difference between a common EA and the This EA is the neural network synchronization. This EA does not work with mechanical rules. The EA uses a live data-feed from the neural network which decides artificially and independently whenever to execute a trade or not. The EA will identify dangerous and/or not suitable situations. For example if a pullback can be expected, the EA will wait to minimize drawdown.
The EA is placed on 1 minute charts on the provider account with the pairs EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD, EURJPY, GBPJPY and EURGBP only. These pairs work in a very strong correlation and are the perfect base to have the EA working with a extremely high accurate performance. You need to ensure that you have all 10 charts for the currency pairs open on your MT4 trading platform.
Of course! The EA uses TP and SL. Since the EA is working adaptively and not mechanically you cannot adjust the SL and TP measures. Why can't I adjust my TP and SL as I want? Because you are not sitting 24h on your computer and monitoring market conditions. The neural network can do the job better than you.
It can be from just a few minutes up to few days.
It depends totally on your seed money / seed capital. The EA will keep your drawdown as low as possible and manage your trades correctly. Let’s say you start with $5k, then all trades will be executed with 0.01 to 0.02 lot meaning you could have 40-50 trades open at the same time with a possible drawdown of 1-2%. If you prefer to trade higher lots, then you can adjust your risk settings yourself via the Trade Copier. Everything will be as usual with the only difference you invest more in each trade.
If someone tells you a Forex EA can make a monthly gain of 300%+ then you can be sure this person is a moron. Such numbers do not exist and EA’s like this WILL blow your account. Period! With this EA you can expect a monthly gain between 5-15%, depending on market conditions. Also, you can be sure the mentioned gain of 5-15% will be done very safely with small a drawdown of around 2%. It does not matter if your account has a balance of $1000 or $100.000, the monthly gain will be always the same, meaning 5-15%
No, the EA wont execute buys and sells at the same time. You have to keep in mind that hedging will be activated only if a dangerous situation is identified during a running order. Instead of letting your trade running into SL, the connected neural network finds a workaround to have your losses minimized or solving the situation by producing a win. No new trades will be opened until hedges are done and has been solved by the EA. This is the reason why some trades are open for few days.
Yes you can but I wouldn't advise it. The provider account is running with just the EA installed and nothing else. The Trade Copier software will execute trades based on the risk settings you have selected and scales the lot sizes of your account in relation from the provider account. When you place trades outside of the Trade Copier software you will change your equity and thus the size of the trades placed by the Trade Copier software. Only exceptions I would suggest running are the myfxbook EA and systems to monitor trades.
The Trade Copier software will recognize when adding more money to your trading account. Everything will be adjusted accordingly.
Yes, you can. These will not effect the Trade Copier.
No. The Trade Copier will only work if your MT4 account number is linked to the provider account and the provider account is linked to the receiver account.
The neural network takes care of this by using non-static SL. The SL is not fixed at all when hedging but will become static to have the trade cut out if necessary. This is a very complicated process since the neural network works artificially & independently without any influence. The neural network reads LIVE market conditions since April 2016 and expands his “artificial trading brain” each day. With these “memories” the EA does his own decisions without a mechanical MQL code. The system is 100% adaptive.