What makes Myfxbook AutoTrade a great tool for copy trading?
#1 - Systems selected fulfil a rigorous screening processing, satisfying the below requirements.
- Must trade from a MetaTrader 4 account with real money (no demo accounts).
- Connected to Myfxbook for at least 3 months and executed at least 100 trades.
- Minimum account balance of $1,000.
- Historical drawdown must be less than 50%.
- Average trade time must be more than 5 minutes.
- Average pip win per trade must be at least 10 pips.
- Historical return on account must be higher than 10% and higher than the maximum drawdown.
- Does not allow systems that use martingale/grid techniques
#2 - Systems provide accurate statistics on performance, drawdown over a certain amount of time, best and worst trades, average trade duration, Sharpe ratio, standard deviation, profit factor and much more.
#3 - Instantaneous trade mirroring from signal provider
#4 - No software needed. AutoTrade is hosted on internally managed servers
