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Anyone here who uses Daytradr and FlowBots Trade Copier and have success with it? Please share it.
I keep hearing that some people who is doing Apex, Leelloo and other running 10+ accounts I wonder how.
Here is what I discovered in two hours trading funded accounts.
My main account is green but the account i'm copying trades to is in Red.
Here is a list of scenario's that lead to disaster.
Daytradr configured with a strategy, it is always constant 10 ticks SL. 5 Ticks 1 target and 10 ticks the second target.
First problem when order is filled. You only going to see in NT8 DOM The stop loss and the second target order. So strategy is not coming across correctly. I figure out the work around. all you need is move the orders around(one tick higher or lower) in my Daytradr DOM and they will appear in NT8.
Not an ideal situation for someone who monitors the tape constantly. Imagine to keep an eye on 10 funded accounts.
Second issue i've discovered when Main account is filled but the order in a copied account is not. What you are going to face is NT will fill your 2nd target(as Opening Position) when you are actually getting out of a position in the main account. Surprise, Surprise
It is quite a big issue if you are managing multiple account because there is NO way you can monitor it all. Unless of course you are going to hire a person to keep an eye on it LOL
Third issue is rare but it happens, at least i just got burned on it a few min ago. So when market is moving in Daytradr you can click on the ladder and SL order will be shifted to the price you clicked. In some scenarios when Daytradr re-center that second order can be place higher or lower but there is no chance for copied account to catch on the shift and it gets filled at the price it was before the order was changed on the Main account.
So you can guess that it leads to the failure of the funded accounts you have with that online prop shops.
This is what i've discovered in two hours. I guess it could be some other hidden issues.
Looks like the dream of running multiple accounts is going to the drain
Anyone here have success with it ??? Or may be some work around.
Replikanto came out with new feature updates for follower guard and ATM copy that sound like what you're looking for. I don't use DayTradr, but I do use TradingView for placing my trades, and the new updates with Replikanto have been copying it flawlessly across all my prop firms. I imagine with the new Replikanto update it's going to be similar with executing on DayTradr as it is with TradingView.
If you really, really want to trade and make an income and a living from trading.
1. stop funded trader programs. You can trade micros with real money, and it’s like $1 a tick.
2. stop buying systems or using systems that you bought, Disappointment is inevitable and inexorable. As you come to your senses.
3. start simply studying the charts. Start to notice things in the chart. It’s boring as hell, and it will take time.
4. Ask questions on this forum.
5. Again, avoid systems and avoid funded trader programs. Micros are a dollar at tick! Trade micros instead. And it will allow you to develop your emotions.
Rules can be written down and agreed upon but they don't really become rules until the pain of breaking them is so carved into ur soul that you follow them from a deep sense of self preservation because the agony of going beyond ur limit is place u don't ever want to return to.
You don’t have the time to play on funded programs. You’re livestock. Get out of there.
Not an answer to my question, but ok. Careful to not fall in the trap that if you cannot do something, that naturally it means that no one else can either. I'll leave you be. Good luck and take care.
What I’m implying is that it’s better to trade in the live market, because that is where you learn. The fishbowl or the controlled environment of a funded trader program is an illusion of the path. But that’s just me and I’m only one of 8 billion people on the Earth.