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mytradelook.com : Auto-Trading Progress
Dear members of mytradelook.com,
With this message I want to inform you about the auto-trading progress of mytradelook.com . Some weeks ago, we had an open discussion through the general chat and we talked about some issues of the current signals/trades sharing.
Those issues were:
- As I told you then, I receive many messages from members who want to join the live trades but they can’t for two reasons:
–
They don’t have the time because of their work
–
Time difference
-
Strike Price. There are trades in which the price changes between the 3-5 seconds I post the trade for you. The most of the time when the trades are deep ITM this has not so much significance but as we all know there were times you took a worse or better price than me and this is important in a trade which is close to the strike at the expiry.
As you remember we discussed some solutions/ideas, most of which were yours(some of them that day through the open discussion and also many of you sent me private messages with more ideas). Screen sharing, strike price post after the trade, SignalPush,
stand alone auto-trading software etc.
Answers for all of these:
- Strike Price Post: I liked the idea and I do it from then. So, you can see my strike and identify if the price has already changed.
- Screen Sharing: It can’t solve the time problem for the members who can’t join us and also you will need again time to see my trade and take yours. So, the issues remain.
- SignalPush: As I told you then, if I”ll use SP I have to be a signal provider with all that this implies. Of course, I don’t say that it’s something bad, there are people who do it, it’s a job. I just don’t want to do it, personally, I do not like to have such a relationship with you and also I want to keep the idea of the site as it began.
So, according to the above and your own suggestions and promptings
the solution with the greater acceptance which will solve all the issues is the stand alone auto-trading software inside mytradelook.com. As I told you then, I will try to do a research and I will let you know.
I did it and I am happy to announce that the solution is entirely feasible. I had a contact with two companies. The first one is an IT company and they created a similar site in the past. The second one created a similar software which offers also “Stop orders” for the trades (ie. One day I make 3 trades but one member wants to stop if the first trade is ITM. He can give an order and it will be done).
So, I can inform you that mytradelook.com will have its own auto-trader for the members who can’t join the live trades right now and for every member who wants to use it.
Some members asked me about the progress last week through private messages or through the general chat, before this message, and I informed them. Furthermore, they asked me about the brokers. In my contact with the companies
I asked for multiple brokers compatibility (because everyone may use a different broker) and they
told me that is doable of course.
So, the software will be compatible with every broker. For that which I am not sure yet, but I will learn and inform you, is for example, If I will give a trade through a Tech Financials Broker is it possible the copy of the trade in a Spot Option broker. I’m still in discussions.
About Spot Forex trades:
As I announced before Christmas from the new year I will share also my spot trades. Possible next week I will do it with the same way I post the binary trades for now.
Kind Regards,
Kostasze
