2 New Features!

Again, another long awaited feature is released today.

Since an account can have different periods of trading, accommodating different trading techniques learned and implemented through your entire trading career, the entire performance is obviously not relevant if you’re looking for clients, developing your latest trading idea, or just following someone else’s trading.

Here comes into play our latest feature – a custom period publish function. You can find it in your portfolio, when viewing a system, in the custom analysis window, a pin button:

Once pressed, our systems will recalculate your account in real time (including widgets) and will simulate your growth based on your start date (Click the ‘Analyze’ button to preview the changes). Then it will be saved as the default start date for your account .

Please note, due to transparency issues, prior dates are not hidden from the user in your public system page; moreover, if you use this feature, your public system page will include a disclaimer at the top to let others know that you’re using a custom start date:

Of course, it can be disabled at any time, or adjusted in case the start date was selected incorrectly.

Besides the default start date, if you have several EA’s trading your account, you can now set the default magic numbers to show in your charts (growth and balance).

Apart from the new features, numerous fixes were made which were reported by users (twitter issues, missing subscription notifications, calculation discrepancies, minor interface changes for better usability, long posts issue).

Another important fix was for non-English character support – our platform now supports all languages!

That’s it for now,

We’re wishing you all a merry Christmas and a prosperous New Year!

Verification system is finally here!

Well, it took us some time and a lot of effort, but we’ve finally made it! This one was our most complicated and most requested feature.

If you now view a system or your own portfolio, you will most likely to notice the latest addition:

As you can see, 2 major issues (MetaTrader accounts) are resolved with our verification system (Check the help section for instructions):

1. False performance, which could be easily manipulated by uploading fake account statements.

2. Users who use the investor password to publish the account as if it were theirs.

The first issue is resolved by using your investor password (Can be inputted in the account settings form) – we connect several times a day directly to your broker and download your original trading history. The original trading history is then compared against the data sent to us by you and if no discrepancies are found, your track record will be automatically marked as verified. However, if discrepancies are found, they will be corrected using the original data from your broker, and your account will be recalculated automatically.

The second issue is resolved by verifying your trading privileges using a unique key we give you (Can be also found in your account’s settings form). Once you receive the key, you will then be required to open a trade in your trading account (You can use the smallest trade size possible) with the key as the trade’s comment – when we will connect to your account with the investor password and locate the key we gave you, your account will be verified for trading privileges. On that note, if you spot someone publishing your account as if it were theirs with your investor password – just let us know and it will be removed immediately.

Oanda’s accounts are marked immediately as verified both for the track record and the trading privileges as the data comes directly from Oanda’s servers, and the trading history link can be obtained only if you have access to the trading platform.

For the next several weeks, we will be tweaking and modifying our systems for the verification system to work as smoothly as possible, so if you encounter an issue, please let us know and as always we will resolve it as soon as possible.

The new verification system also changes the systems search concept – only verified systems will appear on the systems page!

This major enhancement also comes with another 3 new long-awaited export features (at the top of a system page):

1. The HTML export option can be used to embed your account statement on your blog/website, including history sort capability and a short statistical summary of your account’s performance.

2. The CSV export option is meant for those who want to make some calculations of their own in Excel (Is Myfxbook really not enough? ).

3. The PDF export option will enable you to create a clean PDF statement, allowing you to easily print your trading history.

As with all of our data sharing features, these are fully customizable as to the level of the information you want to share (account permissions also apply here), or with whom to share it (Invitations).

Oh, before we forget, there is one more feature added  – dollar values for the advanced statistics summary, so you now know exactly how much money did you win or lose specifically in each currency (new stats will appear after your next data update).

Well, that’s it for now, and we do hope you can make good use of these new additions.

Have a prosperous trading week!

Minor Updates

Minor changes were done today;

Topics and systems now have a view count, so you can know if your topic or system is popular among Myfxbook users.

Total lots (or units in case of Oanda accounts) are now seen in open orders:

Also, we would like to thank you for helping  us develop and test our verification system by filling in the required details in the account settings – we’re making progress, and hopefully it should be ready in a week.

Have a successful trading week!

Website Is Down

Hi everyone,

We’re currently experiencing some issues with our servers, and working as fast as we can on resolving it.

Thank you for your patience.

Update  – Website is back up, we’re trying to figure out what went wrong.

Update We’ve found what caused it. Maintenance will be performed at the weekend to rectify the issue.

Testing our verification system

As mentioned in our previous blog post, we’re working on a verification system which will verify the account’s performance and real owner (MetaTrader 4).

We’re currently in the testing phase of our system and need your help in testing it.

If you go to your settings and edit or add a MetaTrader 4 account, you’ll see the new addition:

Please select your server and enter the investor password .

Investor password is a read only password to your account and will not be shared with anyone.

Not sure which server are you using? Just go to your MetaTrader 4 login screen:

If your server is not on the list, please contact us and let us know.

You should be able to find the investor password in your registration mail in the MetaTrader mailbox.

The more users fill this, the faster we can test and release this important feature.

Your help is highly appreciated!

Have a great trading week!

Performance – Is it real?

When it comes down to finding a money manager or even a system for sale, the bottom line is performance. But how can you know if the performance is real or not? Maybe someone faked it?

If you meet someone in the real world and they  offer you to manage your account; You ask them to prove their performance so then they give you the investor password to their MetaTrader 4 account.  How can you know it’s theirs account in the first place? Unfortunately, you can’t.

We’ve received similar suggestions/questions regarding performance authenticity over the past several weeks – how can one know if the performance is real or not? Is it a real or a demo account? And if you can’t know that then what’s the point of Myfxbook?

That is an excellent point. As you all know, we support currently Oanda’s platform and MetaTrader 4. Oanda’s accounts are verified as the data comes directly from Oanda’s servers; MetaTrader 4’s data comes as a simple htm file from the client, so forging the data is not that difficult.

So what’s the good news? We’re currently working on a solution, which will not only verify the trading performance, but also the true owner of an account.

This will be a big step in us becoming a trusted and verified source of information when looking for systems or account managers.

Stay tuned!

System Upgrades

Some of you might have noticed several failures last week when your MetaTrader 4 platform tried to publish your statement to our servers.

Well, we’ve noticed it too. The reason for these failures was the inability of our servers to handle the work load – our servers receive and process over 70GB of data daily!

Our team has worked hard over the weekend to modify and test our software to handle the current work load and they’ve successfully completed it.

Thank you for your patience!

Magic Numbers Issue

We’ve received several complaints from members who cannot activate the magic numbers/comments in their metatrader.

It appears that it’s not working for all platforms.

We’re currently investigating it and will update you on any changes.

Thank you.

Update – we have found the issue, and working on an alternative solution. It may take us couple of days to complete it.

Thank you for your understanding.

Update (October 12) – the new solution is almost complete. It’s currently being tested by our team.

Update (October 15) – Completed. Please see the help section on enabling magic numbers and comments.

2 New Features!

Since new features are added and more aspects of your account are now controllable, the account settings form had to be re-designed. There is no more a sliding form, but an in-place form editor which should give you much quicker and more convenient access to your account settings.

As to the new features – these ones were one of our most requested and complex features; ability to log comments from MetaTrader 4 trades, and analyze trading activity by magic numbers.

In order to add those to existing trades already logged on our servers, you will have to turn on the ‘Data Restore’ mode (In the account settings) and just enable ‘Comments’ in your account history tab in MetaTrader 4. Existing comments on trades created in Myfxbook by you will not be affected.

Here’s a quick look on the new magics feature:

After using the ‘filter by magic’ option, you will have a complete view of how each magic number performed.

Since an account can have many magic numbers, we have added the option of naming and designating a color to each magic found in your account (in your account settings):

After selecting magic numbers for analysis, all statistics will be recalculated for the selected magics in real time.

This feature is most useful for anyone using several EA’s to trade – no more need to open a new account for each EA. Just use this feature to see exactly how each EA is performing! And for those who would like to disable this analysis on their public system can of course choose to do so (Account settings form).

Oanda account updating issue process which affected some accounts is now fixed – there is no need to create a new account, just update the history link.

Invitations are fixed and enabled also.

Some more minor interface changes were made and errors fixed.

We have some more great features already in development and can’t wait until they’re released.

If you have any comments on the new features or changes, please let us know!

Have a great weekend!