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What is Automaticx? |
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Automaticx is your gateway to Automated Forex Trading. Automaticx allows its clients to automatically execute trades from a list of professional traders in your account, through some of the most reliable and reputed brokers.
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How long does a Demo account last for?
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30 Days
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How can I view my trades?
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You can view your trading by following methods:
- By logging to our web-based Automaticx Trade Manager
- By logging to any of the platforms provided by the broker.
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What if I want to execute a manual trade in addition to Auto trades?
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You are able to open manual trades in addition to auto trades, these will be labeled as MANUAL in signal provider column on the Trade Manager software.
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Do the performance figures include swap values?
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Yes, they include the swap rates.
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What are the costs for the signals and trade execution? Are there any other charges?
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The only charge the client pays is 1 pip commission per round turn in addition to the broker spread. For example, $10 on 100k lot, $1 on $10k Mini-lot. There are no other charges for signals or platform rental.
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To calculate risk, how do I know what size of stop a signal provider uses?
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You can contact the signal provider, or use the Demo for 30 days to assess your potential portfolio.
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Can I set leverage with the Automaticx Trade Manager? What if a signal provider wants to buy $100k but I only want to open $10k?
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Yes. The client sets the leverage for each currency pair to their requirement, the signal provider only sends the signals, not a suggested lot size. A client can trade from $10k lot upwards for each pair they decide to trade. There are three modes of money management:
- Fixed Lot - Fixed lot size per trade.
- Fixed Ratio - Fixed account % risk per trade on principal.
- Fixed Delta - Increases or decreases lot size dependent on account balance.
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How do I get started? What is the process and how long does it take?
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Open and fund an account with any of available Brokers and you can be auto trading in 24 hours.
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Does the demo account have the same functionality of a live version?
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In the demo account the number of pairs to trade is restricted. The demo account also has only one mode of money management, not three. Additionally, in Demo mode, trades will not display the stop loss or target point to avoid signal misuse.
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How do I know when a trade is opened and closed in my account?
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An email notification will be sent. If you are using an email to SMS supported email provider, the notification can be forwarded to SMS.
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Can I stop AutoTrade at any time?
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Yes. All your portfolio positions can be closed and disabled instantly. The client is in complete control at all times.
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Does the Automaticx Trade Manager support multiple strategies in parallel?
What happens if Provider A is short on EURUSD and Provider B tries to place a long EURUSD trade?
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Automaticx Trade Manager platform will recognize signals from multiple signal providers and hedging is used when necessary.
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What does Max DD mean in the signal provider list?
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Max DD is the largest peak to valley drawdown for that pair, this figure can be used for evaluating your risk.
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Can I close or change the SL or target manually?
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Yes, you can close or modify an autotrade signal, however it will be readjusted again if a new modify order is placed by the signal provider after the client adjustment.
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Why are some pairs showing less profit than other pairs with same number of pips?
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This depends on the pip value of the currency pair in question.
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If I close an AutoTrade, when the signal arrives to close the trade, will I automatically be in a new open position?
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No. Signals to open and close are distinctly different. If a trade is closed manually, no position will be taken when the close order arrives. The next new trade to open will executed in the account.
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What happens money management is disabled from a signal provider when there is an open position? How will the system handle the trade?
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If a signal provider is removed from a portfolio, any open trades will be closed off when the close order arrives, but a new position to open will not be executed.
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When is the commission charged, at end of month or every trade?
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The commission is applied when the trade is closed.
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Which is the best system to trade?
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The answer to this question is left to the discretion of the client. Automaticx.com provides clients with all the tools and trade history to make an informed decision regarding investment choices. Automaticx.com does not, however, provide investment advice.
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Do the performance figures include commission?
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No. Performance does not include 1 pip commission per round trade.
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Is it required that the platform be connected to the Internet permanently?
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No. All trade signals are executed on remote servers. Therefore, it is not required to keep the PC running for trade execution on an account. It is initially required to connect to the Internet to set money management settings.
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