If you think 100% in a month is impossible, this was 100% in a single week on a live account during testing!

  Apologies, this page is a little messy as it covers both Xrading and normal trading! 

 This Section is General Copy Trading. Note, Only Oil is Recommended Currently!

     Gold has become incredibly volatile and difficult to trade and we have repeatedly adjusted and even changed the software. In the end, we switched to Oil which is far more stable but more complicated as different brokers have different specifications. We are using new software to trade the Rich Lazy Trader system. We average average around 12 trades a week with a 80%+ win rate. Settings are for lowest drawdown and show consistent profit back tested for several months rather than the highest profit, but we still target 50%+ minimum a month.

    Rather than sell this software I have decided to allow anyone to access it through Copy Trading. This avoids the problem of installing it on different brokers and the need for frequent updates to settings if and when conditions change (not to mention the chaos when server times change and/or the clocks change) because all this is now in my hands. Also, back testing requires paid for Tick data as the data in MT5 is almost useless!.

    Copy Trading which will actually work regardless of your account and whether you have MT4 or MT5, as long as you have reasonably high leverage. We have recently tested several brokers using an EA to make identical trades and found a HUGE difference in profits. Nobody tests this - just spread and reputation but isn't profit the bottom line? Don't get scammed, some big name brokers gave half the profit of the best ones and now I use Fusion Markets which has tight spreads and best results for my normal trading. However, Fusion Markets and MyFxTrading are now my main companies. Try your current broker or better use Fusion Markets at 500 to 1 leverage which is what I am currently using! That said, trades copied from my Fusion Broker should be profitable on any broker.

Safety is the first consideration and you can see from the FX Blue Live report on our system that the 'risk of ruin' is as close to zero as it is possible to be!     Subscribe to our Copy Trading to get the same trades automatically on your own MetaTrader 4 or 5 under your control. Signals are sent for a default $1,000 capital and can be adjusted according to the size of your account from $250 upwards to as much as you like.    We now average only about 12 trades a week. These are medium term trades trades with a tight Stop Loss to limit risk. Win rate is about 80% with no losing weeks. Of course, forward live trading is never as good as back testing but the strategy has been extensively tested and should survive the current conditions.    With the current instability, we are targeting 'just' 50%+ a month. We suffered a lot of problems using the famous IC Markets and after trying 2 other brokers we finally settled on Fusion Markets which gives good results. Oil is currently the lowest risk instruments to trade using automated software as it has good moves both up and down during active trading periods.

         Any normal broker MT4 or MT5 account will obviously have compatible Oil but you really need reasonable leverage otherwise you may not have enough Margin to trade full size. Scroll down to subscribe and for installation instructions.

 zForex is one of the highest rated brokers on TrustPilot! Choose MT5 Raw account with 1:500 Leverage.

 
New Recommended Broker for US Clients

 Default $1,000 Capital however, $500 recommended Minimum.

This Section is Xrading Specific.

    Sign up at https://xrading.com and open a MT5 account at MyFxMarkets.com using the link on the Xrading website. Any MT5 account will do as this is only used for your initial deposit and for withdrawals as Xrading will liaise with MyFxMarkets to open an Xrading specific account and add the extra money for you. I assume people will open the basic $1,000 starting level as growth is so rapid it seems pointless to use extra money to get a bigger account!

    Contact with Xrading is only through Telegram so join their group and contact Ben K @counselx to tell them your MyFxMarkets account number after you have deposited the $1,000 (do not trade this) and completed KYC. Then usually within a day, they will open your actual trading account with the additional $9,000.

    Subscription is $49.95 a month. The copying software is free and simple to install using a free mobile verified account created with FxBlue.com and full instructions are below.

Subscription will run until you cancel it. $49.95pm

    As a point of interest, backtesting an EA in MT5 (or MT4) is almost useless because the quality of data is extremely poor and contains only about 20% of the information. This means that an EA can backtest extremely profitable but lose money in live trading! The least bad data is for Forex but for Commodities and Indices it is so bad as to be almost meaningless. The solution is to use paid for data from companies like Dukascopy but the file sizes are extremely large - 6 months back data is about 1.4Gb per instrument. There is also the issue of latency both in connection to the broker which can vary between 1.5ms and several hundred milliseconds plus the delay time in execution by the actual broker which is typically 100ms. The final variable is the degree of 'smoothing by the broker. A raw price feed will contain spikes which can hit a Stop Loss (or Take Profit) which the underlying price is a long way away. Most brokers apply some degree of smoothing to minimise this effect.

  Installation and Guide

   Once you have paid your subscription and emailed me your FxBlue username and whether you want Xrading or Normal Copy Trading, I will send you a confirmation that your copytrade account is set up my end. To get to this stage, you must first create a free account with https://fxblue.com and navigate to the page where you can download the Mirror Receiver software by clicking the image below. Download the receiver software for your MT4 or MT5 (MT5 for Xrading).

     You must run your MetaTrader on a VPS to ensure a permanent connection, so download from the browser in your VPS and double click it to install it on the right MetaTrader. Although not necessary, it is nice idea to load the US Oil chart so you can see and follow all the trades - H1 is fine. Right click in the window and open up US Oil which can be XTIUSD, USOIL or Wti or some variation, (open chart window) and another one on which to load the copy software (any instrument will do). Close Market Watch and open up Navigator, open up Expert advisors and drag the FXBlue Trade Mirror Receiver onto the unused chart and fill out the settings as described below. Obviously enter the FxBlue username and set it up as described below. You will be copying 'Channel' richlazyct for normal trading and richlazyx Xrading.

    Most can be left at default but make sure the MessageServer is the FxBlue Main Hub (Europe).

    Under CustomSymbolMappings  for Oil, you must input XTIUSD=Wti.p for Xrading. I send XTIUSD so if your broker's Oil has a different name obviously input XTIUSD=Broker's Name for your US Oil.

   The other crucial settings is Lot Size adjustment and you MUST use LotSizeMultiplier. Only use this and no other Lot size adjustment or they will conflict! Safe default size is $1,000 capital so Lot sizes are sent for this amount of capital. So, let's give some examples. You have $1,000 normaltrading then you need input 1. If you have $500, input 0.5 and if you have $5,000 input 5. All these will give the same risk factor as my trades. Do not choose FixedLotSize! ONLY fill in LotSizeMultiplier as only one Risk/lot size can be input. For Xrading, I send the default size for a $10,000 account. Once your capital has increased, simple increase your LotSizeMultiplier.

    Your connection to my trades is made when the 'Heartbeat' says it is connected to richlazyct or richlazyx.

    By default the copy software is set to Max 10 Lots limit which is good for up to $50000 capital for normal trading. INCREASE to 100 for Xrading as MyFxMarkets trades 10 times smaller!

   Some US brokers (and a few other nationalities) use futures prices which will be greatly different from the default Spot Oil price! The result of this is that the entry price will be very different but the TP and SL will be the same - resulting in one being far too big and the other far too small. It would also be unreasonable to use a US broker or any Futures broker and also the Leverage would probably be far too small. You should have a minimum 100 to 1 Leverage.