Autotrading question
I haven't found an answer in FAQ so I decided to ask here. If I start autotrading and i buy signals from a signal provider do I have to pay for pending orders that are later cancelled due to that signal providers strategy ? Or do I pay only for signals that are accualy trigered ? Hope someone knows.
You will only have to pay for the signals that r actually triggered. No payment for pending or cancelled orders.
The good or ill of a man lies within his own will. – Epictetus
Thank you.
According to my info you have to pay for the signals that you trigger on to your account the signals that you cancel that did not count into your account so its safe to cancel.
Game is not over Till it's Over
There is no way you pay for pending orders because there is nothing exchanged. Autotraders only get paid as part of the trade - they make a pip from the transaction of switching a contract. If you don't have a transaction, no pips are traded, so no commision. Remember that stop losses and take profits are also pending orders - it would be the worst system if you had to pay for those as well.
Auto trading is a onet of the best trading psychology to trade in Forex. Forex is so hard but auto trading can make it easy. Need proper use, without proper use, you will be fall on hole.
If u r ask about tradebook then you only pay for trades that r opened. If u r asking about managedbook then u will only have to pay for trades that r closed by the end of month when 20% success fee is taken.
You r never charged for pending orders in any signal service. Only trades that r actually executed count.