We’re happy to announce the long awaited notifications feature! You’re now able to set up 34 different notification types and be notified of any events you set up as soon as they happen, for your own accounts or watched accounts (through your dashboard):

Account Notifications

The available options are:

Gain (%)
Abs. Gain (%)
Daily (%)
Monthly (%)
Drawdown (%)
Balance (€)
Equity (%)
Equity (€)
Profit (€)
Interest (€)
Deposits (€)
Withdrawals (€)
Tracking
Trades
Profitability Won (%)
Profitability Lost (%)
Pips
Average Win (Pips)
Average Loss (Pips)
Average Win (€)
Average Loss (€)
Lots
Commissions (€)
Longs Won (%)
Shorts Won (%)
Avg. Trade Length
Profit Factor
Standard Deviation
Z-Score
Probability (%)
Expectancy (Pips)
Expectancy (€)
AHPR (%)
GHPR (%)

For each metric you can set a notification if it is above or below a specified value. Once hit, you will receive a real time  notification by email and in the website. The notification can be set up as easily as with our forex calendar, by clicking the bell icon on the right of each account.

Have a great week,

The Myfxbook Team.

We’re working hard to make AutoTrade even better than it is and here are the latest features added:

AutoTrade Grouping - Trades and orders are now grouped by the provider which makes it easy to see in real time each provider’s trades/orders and profits:

AutoTrade Grouping

You can minimize/maximize each of the providers separately and collectively.

Provider pause mode - if you wish to stop a provider from making any new trades yet do not wish to remove it from your AutoTrade portfolio, you can do so with a click of a button.

AutoTrade Pause Example

The status of the provider can be clearly seen with a red/green state near the avatar:

AutoTrade Pause Example

Advanced settings – which provide you complete control over the provider’s settings.

AutoTrade Settings

Clicking the settings icon will pop up the following options:

AutoTrade Settings Example

Total Lots – Max allowed total lots of open trades and orders

Total Open Trades – Max allowed open trades and orders

Balance Stop ($) -  Stop trading if balance is below this value

Drawdown Stop (%) - Stop trading if floating drawdown is above this value

Fixed Lots: Open each trade/order with fixed lots

Allowed Trading Hours - an easy to edit table to control the exact allowed/disallowed trading times for the AutoTrade provider.

New Trade/Order Email notification – you’re now notified of any new activity in your live AutoTrade account, by email (Notifications can be disabled in user settings).

If you haven’t tried AutoTrade, you can go ahead and open a free demo account:

http://www.myfxbook.com/autotrade

(Important to note that a live account is free also!)

All of the above features are based on your feedback so your help in shaping AutoTrade is much appreciated! Please keep your suggestions coming

Have a great week,

The Myfxbook team.

If you haven’t noticed yet, here are the latest features added in the past few weeks: Those of you who are using our newest service AutoTrade, can analyze AutoTrade provider performance in their portfolio by going to the “AutoTrade” tab in the “Trading” window; the data will also recalculate in real time in case you wish to custom analyze it:

AutoTrade Analysis

An option to re-enter a trade of a follower you’re closing manually (Tick the checkbox if you want to re-enter the trade again at a better or equal price (compared to original provider entry) – this is a very powerful feature which allows you to benefit from a ranging market while the provider is holding the position open:

Option to configure timeframe for the forex market section which changes the 3 columns showing relative change:  change in pips, change in percents and range bar:

Forex Currencies Timeframe Option

The widgets now include an equity curve:

Forex Widgets Equity Curve

Option to customize fields (over 35!) in your accounts list in your dashboard:

Custom Account List Fields

Our super advanced Forex Calendar was refurbished to include quick access buttons for today, tomorrow, this week and custom dates:

Forex Calendar

And a minor update with the history spark-lines which are now colored blue (for long trades) and red (for short) trades for easier reading:

Forex Trade Analysis

The trade analysis data was also added to your CSV statement which you can download.

Have a great week,

The Myfxbook Team.

We’re happy to announce the registration of a new contest sponsored by FxPro. Trading will be done through the MT4 platform and $6,000 in prizes will be given out:

1st place – a $3,000 live funded trading account.

2nd place – a $2,000 live funded trading account.

3rd place – a $1,000 live funded trading account.

The contest will start on May 1st and will end on May 31st.

For more information and registration, please go here: http://www.myfxbook.com/contests/forex-contest-fxpro/15/rules

Regards,

The Myfxbook Team.

The latest forex contest sponsored by Oanda had ended on Friday and the top 3 traders are:

1st place, ending with 2164% gain and winning a $3000 live funded fxTrade account : http://www.myfxbook.com/members/forexmaxims/contest-forexmaxims/510515

2nd place, ending with a 1613% gain and winning a $1500 live funded fxTrade account : http://www.myfxbook.com/members/samuiopm/contest-samuiopm/508689

3rd place, ending with a 1336% gain and winning a $500 live funded fxTrade account: http://www.myfxbook.com/members/latte/contest-latte/514932

This contest analysis showed quite a different data due to the fact that no EA’s were used:

Oanda Forex Contest

We’ve had a chance to interview the 1st and 3rd place winners:

1st place winner Forexmaxims

How long have you been trading?
9 years live

Can you tell us a bit about your trading experience/history?
I fell in love with trading from day one and have never given up or stopped. I have taken many much needed breaks through out the years.

Did you use your real life trading system for the contest?
Yes

Can you tell us a bit about your trading system (without revealing its inner workings of course)?
All manual I use a combination of Fibs, support and resistance, supply and demand,pivots, and moving averages.
How long have you been using Myfxbook?
Since 2008/2009

Have you found it to improve your trading skills?
Yes it is a very helpful tool i think every trader should use it

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
I love Oanda they are in my opinion the best broker out there.  It was a fun contest can not wait till the next one.

3rd place winner Latte

I am very grateful to win this contest.

How long have you been trading? Can you tell us a bit about your trading experience/history?
About six months I started to trade and had a very pleasant moment in the history of my trading when Japan BOJ rate decision was announced and then I opened a buy order.

Did you use your real life trading system for the contest?
Yes it’s true …. I do trade in this contest according to trading system in real life.

Can you tell us a bit about your trading system (without revealing its inner workings of course)?
Basically, I always use a trading system by watching and monitoring the economic calendar. Other than that, I also use indicators that exist in the platform.

How long have you been using Myfxbook? Have you found it to improve your trading skills?
About almost two months I used Myfxbook and trading skills I feel has improved a lot. I am very grateful to Myfxbook who have been improving my skills.

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
1. For Myfxbook, once again I say many thanks to Myfxbook who have held this competition.
2. To sponsor or broker, advice from me is more frequent competitions in order to compete and learn more deeply in the trade.
3. And my advice to the competitors is always a focus on market and a bit of patience to do the transaction order.

————————————————-

Thank you for everyone who participated!

The Myfxbook Team.

It has been asked for so many times that we’ve simply lost count. As the top leading forex analysis service, the only missing link is the ability to copy/mirror the trades of the best traders – no longer! After a private beta of several months and a public beta of 1 month with 1000 trading accounts, we’re proud to present AutoTrade – the next generation account mirroring service, as you’re about to find out.
Prior to the development stage, we’ve signed up to existing services to understand how such a service should (and shouldn’t! ) be implemented. Among our findings the following 4 stood out loud and clear:

• Incorrect and misleading statistics (for example bottomless pip drawdowns, no record of equity drawdown, etc’).
• Services looking to increase volume trading just to increase their profits (volume based incentives).
• Difficult and confusing user interfaces with absolutely no explanation or limitation of risk.
• Misleading claims of a no-cost service.

The result is an advanced, simple to use, professional trade copy service where we emphasize and limit risk, provide vital and true information about the performance (using the existing system analysis you have for your accounts), offer an intuitive platform where it takes only a couple of minutes to get the hang of it and most importantly a truly free and transparent service (no spread markups!):

AutoTrade (trade copy) Account Example

Ready to start?

http://www.myfxbook.com/autotrade

Please note that due to the addition of the new section, the strategies button moved inside the systems menu.

As always, any feedback/comments/suggestions are very welcome.

Thanks,
The Myfxbook Team.

We’re happy to announce the addition of another useful tool to your toolbox: MAE/MFE Charts (available in your advanced statistics):

Maximum Adverse Excursion and Maximum Favorable Excursion

MAE stands for Maximum Adverse Excursion which is the maximal loss the trade had experienced before it was closed.

MFE stands for Maximum Favorable Excursion which is the maximum profit that the trade had experienced before it was closed.

This data is already available in each of your trades (for verified accounts) and now you can easily see it in a chart to easily identify better targets (take profit) and stops (stop losses).

MAE/MFE Options

Using the ‘more’ button at the top will reveal the combination of 6 6 different charts:

• MAE Vs. Trade Outcome in pips
• MAE Vs. Trade Outcome in gain
• MAE Vs. Trade Outcome in profit
• MAE Vs. MFE – Winners Vs. Losers in pips
• MAE Vs. MFE – Winners Vs. Losers in gain
• MAE Vs. MFE – Winners Vs. Losers in profit

To start analyzing your MAE/MFE data, login and go to your portfolio.

Wish you a great week ahead!

The Myfxbook Team.

We’ve added a new section called COT Data. The data is reported by the CFTC (Commodity Futures Trading Commission) every week. COT stands for commitments of traders data and contains an aggregated report of the different holdings of market participants in the US futures market (where you can trade currencies, commodities and metals such as gold and silver). The report is plotted against a currency chart for easy viewing (This is similar to our Community Outlook section):

Commitments of Traders

We’ve also added a new feature – ability to link your verified trading account to a chart, showing your exact trade entries, just as in the trade browser:

You can attach the account by going to the settings of the chart:

Another update we’ve made to the portfolio and user page charts – they’re now interactive and you can zoom in/out to easily compare performances:

Have a great week,

The Myfxbook Team.

We’re happy to announce the next contest, sponsored by Oanda, where trading will occur with fxTrade practice:

Forex Contest Oanda

$5,000 in prize money are up for grabs and it will be distributed among the winners in the following breakdown:
1st place – $3,000 funded fxTrade account.
2nd place – $1,500 funded fxTrade account.
3rd Place $500 funded fxTrade account.

To sign up, please go here: http://www.myfxbook.com/contests/forex-contest-oanda/14/rules

Good Luck,

The Myfxbook Team.

The recent FIBO contest has ended on Friday and we’re happy to announce the top 3 winners:

1st place, testerz with 7973.14%, winning a $3000 funded account, http://www.myfxbook.com/members/testerz/contest-testerz/464396

2nd place, BKJEPARA with 5218.92%, winning a $1500 funded account, http://www.myfxbook.com/members/BKJEPARA/contest-bkjepara/462456

3rd place, hos22003 with 4386.69%, winning a $500 funded account, http://www.myfxbook.com/members/hos22003/contest-hos22003/469629

This contest was the largest ever in terms of amount of competitors and here is the data analysis:

We’ve also interviewed a few of the top traders briefly:

2nd Place Winner, BKJEPARA
I am very glad to get your information, and for winning 2nd place in the last contest.

How long have you been trading? Can you tell us a bit about your trading experience/history?
I have learn for trading forex is more than 5 years, and i learn
correlation currency for trading EURUSD / GDPUSD / USDCAD / USDCHF. and i
use simple indicator : parabolic sar, momentum, volume confirmation,
news market, and then execution trading by confirm in time frame 5
minute, by time frame 15 minute and 30 minute.

Did you use your real life trading system for the contest?
The trading system on our forex contest is new our explore trading strategy, and we not yet to do the trading system on real life account.
But we will do this the new trading system soon.

Can you tell us a bit about your trading system (without revealing its inner workings of course)
I learn forex trading by my shelf experience on trading and i not join any course before.
Trading forex contest have usefully for beginner forex player like me.

Some of strategy i get from forex forum, fxstreet, dailyfx, and more information on internet.

How long have you been using Myfxbook? Have you found it to improve your trading skills?
May be for 1 or 2 years, i have join on myfxbook.

Yes, myfxbook is improve my trading skiils and very good forum forex player.

I get more information experience forex trading from other player.

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?
Yes, i wish to say thank you for all of the sponsor, because of they forex contest is useful for new player forex trading like me. I wish any new forex contest soon.
On the other hand, I wonder if any sponsor forex contest is welcome to introduce the winning contest to be manager account or pamm account. I welcome to establish this cooperation.
one more, i wish any new forex contest for next month, and especially with amazing huge prize of forex contest.
Bravo…..myfxbook.

Best regards

BKJEPARA

3rd Place Winner, hos22003

Hello everybody,

and the time frame is H4

4th Place, Boon Chai

How long have you been trading? Can you tell us a bit about your trading experience/history?

I been trading in stock market, options, futures and forex for 5years+.

In the beginning first 2 years of my forex trading, I been burnt my small account more than 100 times, but later I found that this is very valuable experience to me, it make me sometimes able to sense that market is not doing right and stop my trades in correct timing.

3rd and 4th year is the turning point of my forex trading where I start to make profits more than losses.

Did you use your real life trading system for the contest?

Yes and no. I use real life trading signals for the contest but with different money management style. In contest, I used up all margin to accelerate account grow.

Can you tell us a bit about your trading system (without revealing its inner workings of course)?

I trade on 4hours chart, but i use 5mins, 15mins and daily chart to assist for better entry and exit.

Using bollinger band and stochastic oscillator, but main reference will be price action and trend.

How long have you been using Myfxbook? Have you found it to improve your trading skills?

I been using MyFxbook for 3years+. It is the best analytical tool I have seen. It did helped me improve my trading skill, for example, I will search for system that have better Profit factor and use the trading browser to watch how they trade.

Do you have any feedback about the contest and/or anything else you would like to add (about the sponsor, Myfxbook, or the competitors)?

No, but thank you sponsor, Myfxbook and all competitors, I seen some interesting playing style and learn a lot from the game. Good game.