Why Isn’t My Trade Copier Working?

1.  I don’t have a Smiley Face – My MT4 says

Why Are Your Stop Losses So Large?

Q:  Wow!  I just noticed the size of your stop loss orders.  ARE YOU F&%#ing NUTS?  You’re going to blow your account!

A:  If you cannot withstand a 2,000 pip drawdown without freaking out, you are OVER-LEVERAGED!  I treat stop loss orders like a life insurance policy.  It’s there in case I can’t get online for some reason, and something goes terribly wrong with the market, at the same time.  From my perspective, the market offers three trading decision choices per candle.  Buy, Sell, or No Trespassing!  I buy on a buy signal, I close that buy on a Sell signal, and I sit where I am on a “No Trespassing” signal.  Basically, that’s NO SIGNAL.  If I am in a LONG position, and get a SELL signal, I EXIT the long position whether that position is in a profit state or a loss state.  The stop loss is part of each trading plan, but it is part of my risk management plan.  It is not part of my exit strategy. Do you see where I am going with this?  Placing a stop loss too close to the market is an invitation for the market to take you up on your offer.  Do you think that your broker is doing something wrong when they buy your stop loss order?  Heck, they’re just buying an asset for your FULL ASKING PRICE!  No dickering, no dealing…just paying the full price that you are asking.  The best thing to do then, is to place the stop order at a price that NOBODY wants to pay.  Small stop losses add way too much risk to your trading.  In reality, anything less than 10 X ADR is too small to let your trade work.  You just have to be in tune with the overall market direction, and you’ll make a lot of money in this game.

What Style of Trading Do You Do on the Trade Copier?

I have several strategies to use.  It depends on the market cycle.  A typical week will see a few small “20-25 pip” day trades, and maybe some short term position trades taken from the 4 hour charts.  Other times, I like to trade EOD breakouts.  As long as the market is in tune with the strategy, you profit.

How Do We Handle Money Management in the Trade Copier?

Question:  You told me that the copier “mirrors” your trades every seconds or minutes or so. But how do we set the lot-size. I mean you may run 1 lot I I want only 0,5 lot or 2 lots depending on my Money Management?

Good question.  The trade copier is easily configurable to handle money management as you see fit.  You have two options:

1.  The trade copier can be configured to trade at a fixed “custom” lot size.  So, you can choose to always trade 1 minilot, or even 10 full lots.  Or even a microlot if your broker allows it.

2.  You can trade at a multiple of my lot size.  In this case, if I trade 1 lot, and you use the multiplier of “2″, you would trade twice as much as I do.  If you use “.5″, you’ll trade half as much as I do.

Is the Trade Copier Easy to Install and Will it Run on Any MT4?

The trade copier is very easy to install.  I provide a video that shows you exactly what to do.  I also provide a PDF document that shows you the advanced features of the trade copier.

I have installed and tested the trade copier on MANY brokerages.  It is a standard EA, and should work on any broker’s MT4.  The EA is easily configured to rename currency pairs, 4 or 5 digit brokers, and even ECN style brokers.

Why Don’t You Have A Trading Room?

I do.  The problem is that NOBODY ever shows up to trading room sessions, so I stopped wasting my time planning and hosting them.  The trading room is open 24/7, and serves as my trading desk.  My analysts and I post updates, charts, and trade plans in the room every day.  You can find a link to the trading room in the members area.

Your Stop Loss Orders

Question:  I’ve reviewed your results and have to ask why your stop loss orders are so big.  Won’t I get a margin call, or blow my account with big stops?

Answer:  No.  Not unless you over-leverage your account.  I highly recommend that you leverage your account at 1:1 MAXIMUM!  That means that for every $1,000.00 you have in your account, you can trade a $1,000.00 position.  This comes out to about $0.10 per pip.  YES, that is “10 cents” per pip.  I know it’s not what you normally read in forums, blogs, and sales pages, but it is the reality of trading.  The exception to this rule is when you have a very small account which can be easily re-funded.  Just keep in mind, that if you over-leverage your account, you will lose all of that money.

There are other advantages to this method of leverage management.  You can find it all over my blog.

Trade Copier Error – “Can’t execute SELL order: invalid stops.”

If you are receiving this error, you must set the ECN Mode to TRUE.

Click Image to see full size image of the error.

Click image above to see full size image of the FIX.

How Much Do I Need In My Account To Trade The Trade Copier Forex Signals?

If you purchase the right plan, you can turn a profit with a very small account.  It all comes down to how much risk you want to accept, and how much you pay per month.  You can get my forex signals and trade copier for as little as $57.00 per month!  If you’re trading 1/2 of a minilot, that’s only 114 pips per month to break even.  The important thing to remember is that trading is the business of profiting from risk.  It’s what we do.

Always remember Tim’s motto:

“Those who don’t take risks ride the bus to work.”

Why Can’t I See Your Entire Signal in My Metatrader Alerts Box?

Question:  I am receiving your intraday signals via the Signal Pro EA.  I can’t see the whole signal.  The Alert box in Metatrader is too short.  How can I see the entire signal?

Answer:  Stretch the Alert Box. Video Instructions CLICK HERE