I follow (or better followed as I was automatically unsubscribed) Johnpaul77
Today he opened a position NQH4 which apparently is not supported by my broker.
My journal shows:
2014.03.14 16:11:12.755 '2100017921': Signal - subscription disabled
16:11:12.698 '2100017921': Signal - position [#29972447 sell 0.20
XAUUSD at 1385.28 tp: 1380.00] closed successfully
16:11:12.698 '2100017921': order #29972447 sell 0.20 XAUUSD at
1385.28 sl: 0.00 tp: 1380.00 closed at price 1385.18
2014.03.14 16:11:12.485 '2100017921': request in process
2014.03.14 16:11:12.272 '2100017921': request was accepted by server
2014.03.14 16:11:12.218 '2100017921': close order #29972447 sell 0.20 XAUUSD at 1385.28 sl: 0.00 tp: 1380.00 at price 0.00
16:11:12.216 '2100017921': Signal - position [#29971491 sell 0.20
EURUSD at 1.39114 sl: 1.39700 tp: 1.38500] closed successfully
16:11:12.216 '2100017921': order #29971491 sell 0.20 EURUSD at
1.39114 sl: 1.39700 tp: 1.38500 closed at price 1.39220
2014.03.14 16:11:12.003 '2100017921': request in process
2014.03.14 16:11:11.791 '2100017921': request was accepted by server
16:11:11.736 '2100017921': close order #29971491 sell 0.20 EURUSD at
1.39114 sl: 1.39700 tp: 1.38500 at price 0.00000
2014.03.14 16:11:11.463 '2100017921': Signal - close all positions
2014.03.14 16:11:11.463 '2100017921': Signal - cannot copy position, symbol NQH4 not found
Why are all positions closed, instead of just ignoring the position that could not be found?
This automatic close made me lose 10% of my account as the open positions were in loss at that time.
when I follow a very large account with > 100x my balance, the
lotsize conversion factor is set at 1% and not at a lower value.
So when the large account opens 10 lots, on my account it is copied as a lot 0.10 instead of a lot 0.01 or 0.02
This creates an unnecessary high risk.
also when because of this a new trade can not be opened, because of too
little balance, when a trade is closed, a pending one is automatically
So not when the signal provider opens, but at the moment
when there is enough balance. So this trade is opened "at random" which
is tjhe worst you can do when you trade.
Please open only orders that can be opened at the moment the signal provider opens the trade.
opening the trade is not possible because of small balance/margin or
because the postion is unkown (like NGH4), just ignore it and continue
all other trades.
Changing this would really improve the risk management in automated signal trading.