Archive for the ‘Myfxbook Updates’ Category

Forex Contest Winners Announced

Wednesday, September 10th, 2014

We’re happy to announce the winners of our latest contest winners http://www.myfxbook.com/contests/forex-contest-squared-financial/23:

(Gains are a snapshot of the time the contest has ended).

1st place – 14,248%, winning a $3,500 prize – Contest – 1RF4N

2nd place – 5208%, winning a $1,000 prize – Contest – pipmasta

3rd place – 850% – winning a $500 price – Contest – skalavox

Important to note that several top accounts were disqualified for multiple accounts under different identities.

Unlike previous contests, almost 50% of the accounts were margin called which can be explained by the trending market. Profitability of winning and losing accounts was similar, roughly 70% win/30% loss, yet average win for winning accounts was 7 pips versus an average of only 2 pips win for losing accounts – traders who were on the wrong side of the trend couldn’t let their winners run.

The complete contest analysis can be found here:

Forex Contest Squared Financial Analysis

Have a great week ahead!

The Myfxbook team.

New Trading Contest, $5000 in Prizes!

Friday, July 18th, 2014

We’re happy to announce the start of yet another trading contest, this time sposnored by Squared Financial.

The prize fund is in total of $5000, which will be given out to the top 3 traders as follows:

1st place – $3,500

2nd place – $1000

3rd place – $500

Trading will commence with a $50,000 demo account and a 200:1 leverage.

Ready to go? Sign up here: http://web2.myfxbook.com/contests/forex-contest-squared-financial/23/rules

Wishing you a great weekend!

The Myfxbook Team.

AutoTrade with cTrader!

Monday, July 14th, 2014

The long awaited integration is now complete – our leading trade mirroring (trade copying) service, AutoTrade, now supports the outstanding cTrader platform!

AutoTrade With cTrader!

Being the pioneers in Forex Analytical tools and copy trading, we’re excited to be the first to offer copy trading with the cTrader platform.

This integration took us more than expected, however it was worth it; For the past several months, we’ve been working closely with the Spotware team to complete integration. Spotware have dedicated a lot of time and effort to customize their API specifically for our needs, resulting in a superior connectivity of cTrader accounts to AutoTrade.

The solution is completely hosted on the Myfxbook servers, so just like the existing AutoTrade users, you will not need to run any software on your end!

Applying your cTrader account to AutoTrade is as simple as connecting the account to Myfxbook; In the AutoTrade opening live screen, simply click the continue button:

AutoTrade cTrader Step 1

Once forwarded to Spotware’s website, choose the accounts you wish to connect to AutoTrade and click the green ‘Allow access’ button:

AutoTrade cTrader Step 2

Once redirected back to Myfxbook, simply type in a name for account and then the ‘Connect Account’ button:

AutoTrade cTrader Step 3

That’s it! :)

The first supported brokers with AutoTrade are Pepperstone and IC Markets.

If your broker offers the cTrader platform and you want us to support it as well, please contact your broker.

Ready to start? Simply go here:

http://www.myfxbook.com/autotrade

Wish you a great trading week ahead!

The Myfxbook Team.

New Trading Contest!

Monday, June 2nd, 2014

We’re happy to announce the next forex trading contest, sponsored by Octa Markets Incorporated!

There will be total $5000 in prizes given out to the top 3 traders as follows:

o    1st place is awarded with 3,000 USD

o    2nd place is awarded with 1,500 USD

o    3rd place is awarded with 500 USD

The registration will be open until June 16th and trading will then commence and will continue up to July 1st.

Trading will be performed with a $10,000 demo account and a 1:500 leverage.

To register, go here: http://www.myfxbook.com/contests/forex-contest-octafx/22/rules

Good luck!

The Myfxbook Team.

What’s Your Pattern?

Wednesday, May 21st, 2014

We’re excited to announce another super advanced section (which is yet again another powerful tool for any trader, unique to Myfxbook!) – Patterns:

Trading Patterns

Any technical trader knows that searching for a pattern in a chart is a very tedious task and time consuming task – well no more! The new section allows you to view in real time, 60 different trading patterns for over 60 different symbols in 9 different time-frames in a single glance! Our systems will constantly scan the prices for patterns in real-time and will show you (in real time) of any such pattern forming. Not only the pattern is identified, but it is immediately seen if it is a bullish pattern or a bearish one. For your convenience, each pattern has a complete definition.

Important to note that some patterns are neutral ones and so you’ll have to determine the bias (bullish or bearish) on your own. A bullish pattern will be marked with an up arrow (), a bearish one with a down arrow () and a neutral one with a orange circle ().

You can either check the Pattern section to view selected symbols and patterns, click on a specific symbol to view its selected patterns or click on a pattern to view where the pattern occurs with selected symbols only.

The pattern section covers the following patterns:

Abandoned Baby
Advance Block
Belt-hold
Breakaway
Closing Marubozu
Concealing Baby Swallow
Counterattack
Dark Cloud Cover
Doji
Doji Star
Dragonfly Doji
Engulfing Pattern
Evening Doji Star
Evening Star
Gravestone Doji
Hammer
Hanging Man
Harami
Harami Cross
High-Wave
Hikkake
Homing Pigeon
Identical Three Crows
In-Neck
Inverted Hammer
Kicking
Ladder Bottom
Long Legged Doji
Long Line
Marubozu
Mat Hold
Matching Low
Modified Hikkake
Morning Doji Star
Morning Star
On-Neck
Piercing
Rickshaw Man
Rising-Falling Three Methods
Separating Lines
Shooting Star
Short Line
Side-by-Side White Lines
Spinning Top
Stalled Pattern
Stick Sandwich
Takuri
Tasuki Gap
Three Advancing White Soldiers
Three Black Crows
Three Inside Up-Down
Three Outside Up-Down
Three Stars In The South
Three-Line Strike
Thrusting
Tristar
Two Crows
Unique 3 River
Upside Gap Two Crows
Upside-Downside Gap Three Methods

As always, we’re glad to hear of any comments and suggestions you may have :) .

Have a great week ahead!

The Myfxbook Team.

Forex Contest Winners Announced!

Wednesday, April 23rd, 2014

We’re happy to announce the winners of the latest contest which ended last week http://www.myfxbook.com/contests/forex-contest-tenkofx/19

Top 5 traders are:

1st place – Contest – chamchou , winning $5000.

2nd place – Contest – sachinkumar, winning $3000.

3rd place – Contest – osamaALN, winning $1000.

4th place – Contest – USDCAD , winning $501.

5th place – Contest – mmile, winning $500.

To see the contest analysis, please click the following image:

Forex Contest TenkoFX Analysis

If you’re looking to participate in one of our contests, you can register here:

For US/Japan traders: http://www.myfxbook.com/contests/forex-contest-forex-broker-inc/20/rules

For non US/Japan traders: http://www.myfxbook.com/contests/forex-contest-24fx/21/rules

Wishing you a great week!

The Myfxbook Team.

Yet Another Trading Contest!

Friday, April 18th, 2014

We’re happy to announce another trading contest which will be held simultaneously with the previously announced contest, available this time for all traders except US and Japanese traders (if you’re from US/Japan, please click here), sponsored by 24FX; a total of $5000 in prizes will be given out to the top traders!

Registration starts today (April 15th) and will be open until May 1st. The competition will be held for a month and will start with a starting balance of $10,000 (demo account) and a leverage of 1:400.

In total, 3 prizes will be given out to top 5 traders:

1st place – $3,750

2nd place – $1,000

3rd place – $500

To register, please click the image above or go here: http://www.myfxbook.com/contests/forex-contest-24fx/21/rules

Have a great weekend,

The Myfxbook team!

New Trading Contest

Wednesday, April 16th, 2014

We’re happy to announce a new trading contest, available this time for US and Japanese traders only (if you’re not from US/Japan, please click here), sponsored by Forex Broker Inc; a total of $5000 in prizes will be given out to the top traders!

Registration starts today (April 15th) and will be open until May 1st. The competition will be held for a month and will start with a starting balance of $20,000 (demo account) and a leverage of 1:500.

In total, 5 prizes will be given out to top 5 traders:

1st place – $1,750

2nd place – $1,250

3rd place – $900

4th place – $600

5th place – $500

To register, please click the image above or go here: http://www.myfxbook.com/contests/forex-contest-forex-broker-inc/20/rules

Have a great week,

The Myfxbook team!

New Forex Contest! $10,001 In Prizes!

Saturday, March 1st, 2014

We’re very excited to announce a new trading contest sponsored by TenkoFX; The contest’s prize fund is the largest ever, with $10,001 in prizes!

TenkoFX Contest

Registration starts today (March 1st) and will be open until March 16th. The competition will be held for a month and will start with a starting balance of $10,000 (demo account) and a leverage of 1:200.

In total, 5 prizes will be given out to top 5 traders:

1st place – $5,000

2nd place – $3,000

3rd place – $1,000

4th place – $501

5th place – $500

To register, please click the image above or go here: http://www.myfxbook.com/contests/forex-contest-tenkofx/19/rules

Have a great weekend,

The Myfxbook team!

Starting 2014 With New Features!

Monday, January 6th, 2014

A new year has started and we haven’t stopped development! 3 new features were added this week based on your feedback:

Community outlook notifications – you can now set unlimited, pre-determined levels for the community outlook, per symbol, to be notified in real time once those levels are breached. You can set either a long or a short notification based on percentage, volume, or positions.

Community Outlook Notifications

Open positions Exposure – when trading multiple currency pairs in different directions or scaling in and out of a position, it is difficult to understand your current total exposure, but no more – you now have an exposure tab which will reveal you in one quick look the exact exposure of your account to the market – you will see total lots, total profits and average entry price based on a currency pair which can also be broken down based on trade direction. For example with the image below, you can see that 15 open trades show in the Exposure tab as only 4, which is simpler and easier to understand:

(Keep in mind the exposure tab inherits the same privacy settings of your open trades, ie for example if you hide open trades, the exposure data will be also hidden).

Trade Management when AutoTrade provider is disqualified – up until now, when a system was disqualified from AutoTrade, any of its open positions were automatically closed in follower accounts. Now you can control this setting in case you wish to leave such trades open (these settings can be accessed from the main AutoTrade page, by clicking the settings icon ):

AutoTrade Settings

We’re working on some new sections for Myfxbook so stay tuned :) .

Wish you a great and successful year ahead!

The Myfxbook Team.