At 09:30am GMT there was an economic release data regarding the Libor Rate of CHF. The interest rate was cut at an unscheduled emergency meeting. An aggregate of speculators are looking for fundamental changes such as this, which ultimately creates large sporadic pockets of volume creating extreme reactions in the EURCHF price.
Please be aware that should you have been affected by a price action that was otherwise non-existent or at least approximately shared by other brokers, you must contact your broker immediately to rectify this issue and reimburse / reinstate positions.
You may have experienced a bad tick or a price low that deviated massively from what aggregate liquidity providers otherwise called and provided at a higher price.
If you have experienced this issue with any other broker we urge you to get into contact with their dispute departments as soon as possible.
We have been doing a lot of in house testing of strategies and as such we needed to quickly download trade history in CSV format so we could easily import it into Excel. We’ve built a feature for signal provider to easily download your trade history in CSV format.
- Go into Edit Signals
- Click on Show Status on the signal you wish to get the CSV data for
- Click the magical green button that says “Download trade history in CSV”
Currently this is only available to signal providers but we do intend to bring this feature forward for all users.
We have released version 2.6 of the sender EA. This is required by all signal providers, or anyone sending signals from their MT4 platform to Simpletrader.
This is for signal providers or personal copier accounts
This new sender is in preparation for a new release of the receiver EA for slave accounts. We have built new money management techniques which closely mimic risk by utilizing currency exchange rates to work out the required lot size. We ask that all providers upgrade to the latest EA as soon as possible. We plan to launch the new EA for slave accounts on the 1st February. If you are not running the latest EA, your followers will be unable to get new trades if they choose to use the new MM technique.
It is safe to upgrade while you have trades open. Please make sure you REMOVE the old EA from the chart before attaching this new EA. Only ever run 1 sender EA on your MT4 else you will send duplicate trades.
Unfortunately one of our EA servers has had a temporary outage. We’re working on restoring the connection at the moment and are confident it will be resolved shortly.
Effected accounts will be reconnected automatically once the issue is fixed.
I’m sure some of you remember about a month ago we enforced the requirement for Myfxbook stats on signals. This is still in place but over the last month we have rewritten our own stats module to be far more accurate and we are slowly bringing signals onboard using our stats module instead of myfxbook. Why are we doing this? Well put simply, we can only get so much data from Myfxbook’s API, and we want to be able to display more data for you guys to view before signing up to signals. In the next few months, if our stats are good enough we hope to start filtering our the requirement for myfxbook stats and also allows signal providers to simply use our stats.
Signals will still be able to link their myfxbook stats like they have always been able too, however the graphs themselves were previously pulled from Myfxbook and will hopefully be generated by us instead.
A few of the signal providers that we’ve already moved over are listed below:
Please do let us know what you think about our stats – we’ve spent a good amount of time on them and its important to us that we get it right.
We have now finalized all white label portals by providing a white labelled manual as well. This removes any reference to Simpletrader and allows you to remain totally anonymous.
This does not require any settings on the providers end – by default the manual your clients download will be white labelled if they are logged into your portal such as portal.mydomain.com
Kilimanjaro has become a huge hit in the last few weeks – and we wish the ex head trader of JP Morgan a fantastic 2015 which we can all benefit from. As you will have noticed, he trades the Kiwi fairly often so it is really important that you check to make sure you are using a decent broker offering good spreads on the kiwi. We are finding that Axitrader and IC Markets are offering good spreads with low slippage with our live accounts. This signal will be very reliant upon the broker that you use. We will try to compile a list of brokers over the coming weeks that we suggest using.
In the mean time, we hope everyone enjoys following this very talented trader.
We have now finished working on the EA servers and everything is back online. Your EA’s should have automatically reconnected, however if in doubt just restart your MT4 terminal. There should be a heartbeat inside your control panel within the last 30 seconds.
We were doing a brief maintenance on our EA servers which has become a little longer than we expected. If you see your EA saying its disconnected, don’t worry to much it’ll reconnect once we finish our work.
This should be reconnected in the next hour.
Here at SimpleTrader, we have been working hard in developing a new and more precise form of money management when copying the signal providers.
We have taken big steps in making sure that the Copier (Slave) – irrespective of what their account currency is – can now far more closely mimic the Masters (Signal Provider) percentage returns.
This is a huge improvement for Copiers who have a different account currency than the Signal Provider. How this works is we are factoring in the exchange rate differential between the Master (Signal Provider) account currency, against the Slave (Copier) account currency when the trade is placed. This means that on a trade by trade basis, your percentage risk will be very closely reflecting the same risk profile of the Signal Provider.
In this new method (“Dynamic Lots“) if your account currency is different to the Signal Providers account currency, you will no longer have to concern yourself with the exchange rate differential under the “Multiplier” function here:
Instead, we are now taking care of this for you within the Copy Technology. This Multiplier will now simply increase or decrease your risk in relation to the Signal Providers. A Multiplier of “1” will copy their percentage risk profile and “2” will be doubling the risk in your account. You can also precisely control this risk profile to 2 decimal places (e.g. 1.25).
Lets look at a more precise example of how these trades may look to a copier with a different account currency than the signal providers (this will also be available to you on launch within the Simple Trader Control Panel):
In this particular example, the Master (Signal Provider – left side) is trading a GBP account currency. The Slave (copier – right side) is trading an AUD account currency. Both accounts are the same size in this illustration. What’s important to realise is that the lot size will vary but the overall risk percentage (as shown) will remain constant or very close to what the signal provider is risking(%). This is because “lots” are not made equal to each and every account currency. They’re worth different values depending on the lot size, market traded, account size and account currency. Using percentages allows us to clearly see what each trade is truly worth to the Copier (Slave) when comparing against the Signal Provider (Master). To reiterate this point using the example above, if you (The Copier – right side) were to have traded the same lot size as the Master (Signal Provider – left side), then you would have actually been taking on more risk than what was otherwise taken by the Master (Signal Provider).
We are excited to roll this out in the coming weeks and we hope you are too. In the meantime we continue to test and quality assure every aspect to make sure that this will be integrated onto our platform without any issues.
Stay tuned over the coming weeks for more updates and information of this new Money Management method!