The Auto Trader Companion #6
What Is Up This Time?
– Updates On Bi Weekly Newsletter “My Auto Trader Companion”
– Website Security Updates On ForexTrailer (FXT) And ForexGeometry (FGS)
– ForexTrailer (FXT) Partial Close Using Percentage (%)
– Demo Account And Live Account Product Key Usage
Updates On Bi-Weekly Newsletter “My Auto Trader Companion”
Now starting from this week, our bi-weekly newsletter will be published in our corporate site using a blog format as compared to previously using PDF format which is more cumbersome.
Now you are able to post your feedback/comments directly at the comments section located at the end of the webpage.
Past issues of the “My Auto Trader Companion” (bi-weekly newsletter) will also be available for viewing and commenting at your convenience so you will never miss an issue.
The comments/feedbacks you make can be view by your fellow users of ForexTrailer/Geometry or other subscribers, therefore exchanges of constructive thoughts and ideas are welcome.
Website Security Updates On ForexTrailer (FXT) And ForexGeometry (FGS)
This an update to let you guys know that we have implement measures to beef up on our security (using the services of wewatchyourwebsite.com)on both ForexTrailer and ForexGeometry sites to better protect your interests as well as ours from unexpected malicious attacks. Wewatchyourwebsite.com is a service that monitor our sites around the clock for any changes that is made with malicious intention and will seek to remove it immediately.
There will also be an implementation of security update on our EAs and contingency plans in place so that you can always get to use ForexTrailer and ForexGeometry uninterrupted without worries. More details to be announced later. So stayed tuned to the email updates.
ForexTrailer (FXT) Partial Close Using Percentage (%)
There is an issue commonly raised from our ForexTrailer Users on the partial close feature to close out part of their trade position.
This issue is with regards to using the % value of partial close especially on accounts that do not allow micro lots.
As you might know, lot sizes in round numbers such as 1.0, 2.0, 3.0 or even 0.2, 0.4, 0.6 when used after 50% partial close will give you 0.5, 1.0, 1.5, 0.1, 0.2 and 0.3. These are lot size values which have up to only 1 decimal place (often known as mini size lots) for most brokers.
But what if you wish to close lot sizes with partial close % that will give you a resulting of up to 2 decimal places (often known as micro size lots)?
Eg.
You are trading with 0.7 lots and you wish to partial close at 50%, the result should be a remaining trade position of 0.35 lots or 35 micro lot size.
Or you are trading with 1.5 lots and you wish to partial close at 30%, the result should be a remaining trade position of 1.05 lots or 105 micro lot size.
ForexTrailer will be able to perform the above 2 example with ease. The only problem is that whether you are currently trading on a micro lot size account or not.
If the current account you are trading does not allow micro lot size trading, ForexTrailer will not be able to execute the order properly for you as your broker does not accept micro lot size values.
That is the limitation of ForexTrailer for now as ForexTrailer is not intuitive to an extent where it will recognize that the trading account does not allow micro lots and will perform rounding up or down of the lot size into the nearest mini lot size value (0.1).
In order to overcome this challenge, we propose that:
1) you either could request from your broker to allow you to trade with micro lots
or
2) if your broker does not support micro lots capability, you have to perform manual calculation beforehand when deciding what percentage partial close on your trade lot size to avoid the result of having micro lot size position (having up to 2 decimal places), only thereafter you start up ForexTrailer to manage your trade
Demo Account And Live Account Product Key Usage
I wish to address another issue which many new users could be confused with.
For new users of ForexTrailer And ForexGeometry, they will receive their first time Product Key information which is used to login to their Members Area to access to the software and videos.
The same Product Key can ONLY be used with unlimited Demo trading accounts. This Product Key given to you for the first time is only a temporary product key.
In order to use for Live trading accounts, you must login to your Members Area with your temporary Product Key and register your Live account number to get a permanent Product Key.
After which you can use this permanent Product Key to trade on unlimited Demo trading accounts and ONLY on one Live trading account.
Do drop us your comments below for this issue of the Auto Trade Companion to share your views and thoughts.
Your feedback is most appreciative.
We hope that you have a great week ahead and good luck trading!
For more information on ForexTrailer & ForexGeometry:
http://www.ForexTrailer.com/Special-Offer.html
http://www.ForexGeometry.com/Special-Offer.html
Regards,
Warren Seah and the ForexTrailer/Geometry Team
Copyright ©2012 ForexTrailer.com & ForexGeometry.com
NOTE: ANY INFORMATION CONTAINED IN THIS DOCUMENT IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT FINANCIAL ADVICE.
U.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSION FUTURES, CURRENCY AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEB SITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.