| FAQ On FXDDAuto
Trading |
| Do I require
the platform to be connected to the Internet permanently? |
| No, all trade signals are executed
on Remote servers, therefore is not a requirement
to keep your PC running for trade execution on your
account. You are required to connect to the internet
to set your Money Management settings initially. |
| How can I view
my trades? |
You can view your trading signals
via 3 methods;
(i) A web-based viewer where you can access your
account from any PC connected to the internet, without
the requirement to download any software, means
you can view your trades anytime, anywhere on any
PC.
(ii) Via the Auto-trading Client Software, that
can be downloaded to any PC and installed.
(iii) On the FXDD MT3 platform. |
| Does the platform
allow hedging? |
| Yes, of course. |
| What are the
costs for the signals and trade execution, are there
any other charges? |
| The only charge the client
pays is 1 pip commission per round turn in addition
to the broker spread. For example, $10 on 100k lot,
$1 on $10k Mini-lot. There are no other charges
for signals or platform rental. |
| Can I set leverage with your platform, what if signal provider wants to buy $100k but I only want to open $10k ? |
The client sets the leverage
for each currency pair to their requirement, the
signal provider only sends the signals, not a suggested
lot size, a client can trade from $10k lot upwards
for each pair they decide to trade. There are 3
Modes of Money Management:
(i) Fixed Lot – Fixed Lot size per trade.
(ii) Fixed Ratio – Fixed Account % Risk per
trade on Principal.
(iii) Fixed Delta – Increases or Decreases
lot size dependent on Account Balance. |
| Can I trade
any signal Provider I like? |
| Only signals providers integrated
and listed on the FXDDAuto platform are available
to autotrade. |
| How do I get
started, what is the process and how long does it take? |
| Open and fund an account at
FXDD and you can be auto-trading in 24 hours. |
| Does your
platform support multiple strategies in parallel? |
| What happens if Provider
A is short on EURUSD and Provider B tries to place
a long EURUSD trade. The Autotrading platform will
recognize signals from multiple signal providers
and hedging is used when necessary. |
| Can I close
or change the SL or Target manually myself? |
| Yes, you can close or modify
an autotrade signal, however it will be readjusted
again if a new modify order is placed by the signal
provider after the client adjustment. |
| If I close
an autotrade, when the signal arrives to close the trade,
will it then put me in a new openposition? |
| No, signals to open and
close are distinctly different, if you manually
close a trade, no position will be taken when the
close order arrives. The next new trade to open
will executed on your account. |
| What happens
if I disable money management for a signal provider
when I have an open position, how will the trade be
handled by the system? |
| If you remove a signal provider
from your portfolio, any open trades will be closed
off when the close order arrives, but a new position
to open will not be executed. |
| What happens
if I change my Lot size for a Currency Pair when I currently
have an open trade in that pair? |
| The trade will be closed
with the lot size it was opened with, the next new
trade to open will be reflected with the new money
management settings. |
| What are
the margin requirements for a Trade? |
| The same as the MetaTrader3
Platform. |
| Which is
the best system to trade? |
| This is left to the discretion
of the client, we provide them all the tools and
trade history for them to make an informed decision
regarding their investment choices, but do not provide
investment advice. |
| Is the performance
figures realistic to what people are getting on their
account? |
| There are many LIVE clients
trading these systems, the performance figures are
regularly checked to ensure they are aligned with
LIVE trading account performance. |
| Does the
performance figures include commission? |
| No, the performance does
not include 1pip commission per round trade. |
| How long
does the DEMO account last for? |
| DEMO accounts last 30 days |
| What if I
want to do a manual trade in addition to Autotrades ? |
| You are able to open manual
trades in addition to autotrades, these will be
labeled as “manual” in signal provider
column on the Autotrading software. |
| Do the performance
figures include swap values? |
| Yes, they include the swap
rates. |
| How do I
know what size of stop a signal provider uses, so I
can calculate my risk? |
| You can contact the signal
provider, or use the DEMO for 30 days to assess
your potential portfolio. |
| Does your
platform work with MT4? |
| No, MT4 is not supported
alongside the Autotrade Platform. |
| How many systems/
pairs is it possible to trade in a LIVE account ? |
| It is possible to trade 100
system/pairs in the LIVE account version. |
| Does the
DEMO account have the same functionality as the LIVE
version ? |
| The DEMO account has the
number of pairs to trade restricted, also has only
1 mode of money management, not 3. In addition to
this in DEMO mode, trades will not show the Stop
Loss or Target Point to avoid signal misuse. |
| Can I stop
Autotrade at any time? |
| Yes, you can close all your
positions and disable your portfolio instantly,
you are in complete control at all times of your
account. |
| What does
Max DD mean in the signal provider list? |
| It is the largest peak to
valley drawdown for that pair, this figure can be
used for evaluating your risk. |
| Why are some
pairs showing less profit than other pairs with same
number of pips? |
| This depends on the pip value
of the currency pair in question. |
| Can I trade
various modes of money management in same portfolio ? |
| Yes, you can have Fixed lot,
ratio and delta settings in the same portfolio. |
| When is the
commission charged, at end of month or every trade? |
| The commission is applied
when the trade is closed. |
| How can I
check the signals from my chosen provider? |
| You can open the signals
tab on the platform to view signal history. |
| Is there a manual i can download? |
| Yes, click here to download the FXDD Auto Trading Manual |
