PriceTracker: FREQUENTLY ASKED QUESTIONS (FAQ)

-----

A:  PriceTracker trades 15 currency pairs simultaneously and all trading is independent, that is each currency pair is not related to any other and monitors the movement and all trade only in its own currency. PriceTracker is almost always in the active phase for different instruments and therefore a floating drawdown is always present and this is normal! That is, if deals are closed for some pairs, then there are always currencies for which there are open deals - and this is displayed as a floating drawdown. The PriceTracker algorithm is built in such a way that account diversification is achieved through the use of different logics and different strategies for all 15 currency pairs, where the equilibrium / diversification phase is also taken into account - this is when a floating drawdown is fully compensated by growth from other currencies and vice versa. That is, at the time of the drawdown, the account is constantly growing.

-----

A: I will frankly tell you, I do not watch not what analysts any more long ago - as there is an opinion, if the trader is not able to trade, he becomes an analyst. Also I do not watch a news feed and I in any way react to important news at all and also to other situations in the world. I never turn off EA's, because I know that with any movement, any currency, with any strength and duration of these movements, ---> all trading on the account will be diversified as much as possible.

We just need understand, that it is impossible to foresee everything, to trace all events, news, rates, bonds, etc. The our task to have in an arsenal a system that does not care where the one or other currency pair is moving, --- flat, or a trend now, --- will fall USD, --- or Britain will announce Brexit, --- or Covid19 /20/30 ---, or other force majeure situation today and in the future. It is necessary just to be able to diversify risks.

And I try to implement this concept in the systems and I will do everything possible that this concept works without failures.

-----

A: As for the “heavy” - the PriceTracker in this regard is not picky, he does not require any specific conditions, works equally well on any type of account of any broker. Also does not need fast VPS and ultra-fast performance or any other specific conditions for trading. The EA also does not depend on the:

• spread, 
• requotes (spread expansion) 
• quick execution
• gaps
• slippages
• broker commissions
• swaps

-----

A: You can not worry! The system uses professional trading methods and the principle of trading is not built on profit taking over short distances from opening a position. Therefore, such a value as the spread does not affect the trade at all, and when choosing a broker you can not even pay attention to it. The system will work equally well with any spread.

I  will even tell you more - even if your broker expands the spread several times (and this happens often, especially before important news) - this also does not affect the trading system. As positions open, all values, such as

• spread,
• broker commission,
• swap

they are immediately recorded by the EA and taken into account when accompanying each trades and when calculating and taking profits.

-----

A: Interchangeable diversification works in the system. If one of the currency pairs is mistaken, and we get a series of frozen trades, other pairs are constantly trading at the time of the drawdown, while increasing the account balance. And even if the trend is protracted and long-term, it will not be endless. Moreover, the lot size of pending orders will be insignificant over time compared to the growing balance. And after the reversal of this pair, the system will open orders with a lot size corresponding to the account balance at that time. That is, the size of new orders will be larger, and the price will not need to return to the position when the original trades were opened. To fix the total profit, it will be enough, for example, the third part of the total drawdown trend.

Perhaps I have a difficult description. But when you see this in practice in live trading, then clearly it will be very clear.

-----

A: This only means that the movement in this currency has deviated quite a long distance from the initial transactions.

PriceTracker does not use martingale!
Martingale implies an exponential increase in the lot size (0.01 - 0.02 - 0.04 - 0.08 - 0.16, etc.) You can look at the trading history and make sure that the lot size does not increase when you open orders. It only increases as the account balance increases.

-----

A: For this use the following settings:

Very important point, PriceTracker uses a percentage when calculating profit fixation and in no case should you turn off the (MoneyManagement) parameter. The calculations take into account many factors, such as account balance, risk level, lot size, profit for all open positions of one currency. And if you just use a fixed lot and at the same time do not adjust all the other parameters, the trade will simply be incorrect. I will try to explain, that is, the minimum lot 0.01 is used, and the account balance is used, for example, 10k and the risk level = 1. This simply breaks the system, because with such a lot it is difficult (and possibly never) the system will not reach the required profit level at which transactions will close.

I really hope I was able to correctly convey this important idea. :)

If (MoneyManagement = false), then you will have to control so that the lot size is not too small in relation to the balance and the used profit parameter, which is set in% of the balance.

-----

A: Yes, PriceTracker will immediately detect all its trades that were opened on this account. The Expert Advisor is not linked to the VPS, but to the account on which trades are opened. Each deal has an individual ID (MagicNumber), so the advisor uses them to determine its deals and continue to manage them.

The sequence of actions can be as follows:

1. You completely disable auto-trading on the old vps and close the MT terminal (this is for safety reasons so that nothing comes from the old terminal)
2. On the new VPS, open the MT terminal, enter the username and password from your account. You will immediately see all open trades.
3. Install an Expert Advisor with the required set for each currency pair, according to the instructions.