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MT4 FP Social copy bot - week 7 update


Week 7 complete. Total change this week $19.39 after the 10% performance fee = 3.46% growth this week. Total growth 15.93%. But this weekend is holding the highest drawdown yet 7.65%. Interesting due to open drawdown they haven't deducted a performance fee this week as dd is bigger than profit banked.


Note the myfxbook shows better % overall as it counts the performance fee as my withdrawal (which it isn't).


Good week but don't like the current drawdown it has been opening sells for over a day when EU has been going up with no pullback to clear it. Lets hope the open makes a move down to clear it out. From the master account history drawdown could reach as much as 40%.


Myfxbook


My tracking sheet


Full info on what this is and how to join check first blog:



But here is a mini break down. you join FP markets (CFD broker), start new mt4 or mt5 account, I use RAW MT4 USD account, complete KYC, fund it with at least $250 more is safer for this copy bot $500 or $1k. There is a risk of blow out using this but has run for over 550 days, only 7 weeks for me, keep following my progress. Some countries including US are restricted from joining this broker please check first.



Then link that account to Social trading within FP markets and find Nacho Trade from rating list (its typically in top 30 rankings), link your new account up to it, then activate it.


That's all done nothing else is needed let it copy the trades and manage them. Check how it did next weekend. You don't even need to have your mt4/5 open its all hosted on their server for free (well it costs you 10% of any profit that is taken out auto each weekend)

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